On giving up Trading...
Everyone comes into trading raving about how they’re going to make a lot of money only to suffer losses. Plenty! More so frequently than their tiny wins.
What they don’t factor in is that the early years of a trader are plagued by mental stress, self-doubt, several mistakes, constant learning, and paying tuition fees in losses.
At this stage, it’s effortless to give up. The majority never go on to conquer the fear of losses and build confidence in a trading system.
For many profitable traders, it’s not about the win rate but the weightiness of the win when they win v when they lose. More often, you’d notice that profitable traders have a win rate of about 60% over a period of time.
Joining the tiny percent of profitable traders requires discipline, perseverance, and persistence.
What would you rather do in your advanced years? Work all your life at someone else’s business?
Good traders eventually go on to become better people, learning how to manage anxiety, greed, fear, pride, and risk in other areas of their lives.
Trading gives you the option to print money out of a zero-sum game. It’s a skill you’d never regret having as a backup for whatever puts income in your pocket.
Take time off when you need to, but endeavor to keep your eyes on the market for the opportunities that come with the greatest risk-rewards.