ABSTRACT
Money is not everything. What is everything, or damn near, is selfregard. Tie money to self-regard or put them at odds and you will certainly have a pretty pickle. All too often investors identify with their money and their stock positions to the detriment of their selfregard, and their portfolios. If your portfolio is you or its performance is the measure of your self-worth, you will not be very effective as a trader. Wall Street is a good place to test a weak ego with the fire of reality-but an expensive one. To the ego involved, a mistake-a losing trade-is a personal not just a financial pain.
