Stock Doc: The Narcissist Investor

In my performance coaching and clinical practice, I often work with professionals who feel entitled to the best things in life. These professionals want financial success, the best-looking partners, prestige, family comfort, recognition and job satisfaction. They also want all of this to come with a quality of life that is superior to that of 90% of the population.

Unfortunately, what we expect in life doesn't always materialize. Nothing speaks to this point better than the disappointment and frustration that one can experience on a typical day of trading or investing in the markets.

Trading is not for everyone, but it often attracts individuals who are overly confident, idealistic and successful in their chosen professions. Frequently, those who are successful as CEOs, lawyers or doctors make the mistake of thinking that their skills will translate into sound, quality trades when they invest. ...