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Interesting idea: Do you have to be able to admit that you are wrong to be a good trader?


Munich, 07.06.2010

Felix Salmon from Reuters comments on the forced retirement of White House Correspondent Helen Thomas and how it is unacceptable, these days, to be seen to be wrong.


He discusses the idea that in order to be a good trader, one has to be "incredibly insecure, willing to change your mind and your opinions very quickly."

Personally, I´m not sure that being willing to change your mind is the same as being incredibly insecure. I do agree, though, that you need to have a mixture of arrogance and flexibility to make the most of market trading.

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