A few behavioural traits of a confused/bad speculator

In my many years of trading securities and futures, I've come across many or almost all, bad traders. They could be the ordinary jo in the gallery or the chief dealer in a big firm and the thing that catches my attention is that all of them share a lot of similar traits; not necessarily all the traits but a lot of similarities.
So here are some of the most common traits of bad traders which I noticed:

1) they spend paper profits.
Illogical as it may seem, this is the most prevalent trait among people with poor emotional control. I think most of you will realize the same thing if you think about it. How many traders(or even yourself) do you know suddenly increase their spending pattern during a bull run? They could be more lavish in their meals, change a new car, change to more expensive perfumes, more expensive in their dressing or even keep a mistress. When I ask them whether they have liquidated their positions; the answer is always unanimously 'not yet'! ..There's more, they'd be so full of themselves that they even declare that they'll make it no matter what the market condition and most of these fellas are stock traders in Bursa(Bursa being a 1 way market only)! This only shows that people do not need to be rich before they 'upgrade' themselves,they only need to feel rich!
A contrasting example would be my very succesful trading buddy Tom: he naturally liquidates the portion of his positions to pay for his Camry , an Altis for his wifey and a 3 week European holiday for himself, wife and his in-laws ;all paid for in cash.. my only gripe with him is why take his in-laws along? Sorry tommy..i can't help myself.

2)they are sexually active only when there are winning real or on paper.
Lo and behold, I broke the taboo subject that most of you don't want to admit! Think about it, bad traders are only sexually active when they get lucky in the markets! They think they are great and they go all out to conquer another person to fuel their ego of being so smart in making a rare win. They good traders (very few) whom I know personally are only sexually active when they are in a losing streak! Maybe this behavior can be explained that winning traders get their high from winning and don't need any external stimulation to cut down their high..after all,sex is more mental than physical and so too is trading. Lesson to be learnt here? Good lovers are actually lousy traders..LOL!

3) they have no life outside of the markets.
They would be restless when the market is on holiday,they'd look at charts the whole time or be drinking themselves drunk just so the holiday would past by. They would talk about the market to every person they meet showing off their limited knowledge that they possess. Or they'd go around asking for tips and tits! If they could,they'd want to trade 7 days a week.
Contrast this with the good,excellent or fantastic traders I've come across; They have a balanced life and are very passionate with their hobbies and family. They have other goals in life and look forward to a break to catch up with their other passion. Gt is passionate with his family and with his hobby of flying remote control planes and helicopter. Lesson to be learnt here; GET A LIFE!

4) they subscribe to analyst reports.
All the good traders whom I personally know NEVER bother reading analyst reports let alone subscribe to it...not even the Wall Street Journal or even Fortune magazine. But they do read good trading books like 'Reminiscences...', Market Wizards etc. Why then bad traders rely on so many news and reports while the best don't even bother? Confidence; the best knows that no one knows what the future holds. Some more,why bother paying for someone else's opinion when you can get it free in some bad traders blogs? But ask yourself this, if analysts are so sure of their reports,don't you think they'll sell everything they possess and trade? Think about it, how many analyst do you know gets fired for writing a wrong report or a series of wrong reports? Lesson here: if you want opinions ,get it FREE!

5)they never learn from their mistakes.
History repeats itself all the time and that's why we study it. How many traders do you know actually study their mistakes and try their level best not to repeat it? Or how many traders do you know keep on repeating their mistakes over and over again? Like getting wiped out more than once? It's hard to accept your mistakes more so if you have an over inflated ego. I guess that's why so few make it in this game called speculation ,but a lucrative game for those living off people's mistakes.

This is also not a conclusive traits of bad confused traders, just a few traits that are most common among them. Think about it, does it apply to you? If it does,then do something about it like STOP trying to impersonate a trader.