Amongst all other possible characteristics and attributes, THIS is the key defining factor that separates the winner from the loser.
Everybody gets hit.
Everybody will get left hooked by life multiple times. Major Ls. Guaranteed. You don’t leave life unscarred.
The difference is — the winner never loses their smile. The loser gets discouraged, quits, and gives up. Life will shit test you constantly.
The rewards only go to those who persist in their ability to endure without relenting.
Read this📖
Gods timing is perfect. You are exactly where you're supposed to be.
He just might be putting you through the exact thing you need to fix over and over again so you can identify the things that need your improvement to succeed. He might be putting you through that situation while you have a small account so once you build it to a larger one you will be experienced and skilled enough avoid making a BAD mistake that could leave you empty handed after upgrading your lifestyle. He just might be putting you through situations on where you blow your accounts to teach you how easily this kind of money can be stripped away from you if you don't keep your feet planted and remain humble. He might be teaching you to stop being greedy and be grateful for the opportunities you come across like being up $400 in 5mins. You have to be willing to listen and improve even if the day seemed perfect. Always seek for improvement and never remain comfortable.
He just might be teaching you something right now that you are refusing to acknowledge.
Seek improvement
Remain Humble
Show gratitude
The Journey is beautiful. One day you will understand that every loss is preparation... only if you treat it as such. Study your wins. Study your losses. Keep pushing YOUR day is coming.
The smartest people I know aren't defined by how much money they have. It's how capable they are of making it at any given time. Many of my friends are in situations where they have just enough to get by. Late 20's and early 30's, with only a few thousand in their bank accounts.
However, the nuance is that they're confident in their abilities. They're not worried because it's not the result of laziness or poor decision making. The dollar figure doesn't matter today because they're perpetually building and know it'll inevitably work out.
It's easy to compare yourself to others who are getting promoted in their careers, letting their savings grow, and feel like you're behind. They may have the stability, but their ceiling is limited. As long as you've committed yourself to a vision, and made a personal promise to not give up, you'll be more than fine.
Believe in yourself. Don't judge your worth off a specific leg of the race. Faith, optimism, and perseverance. This is intangible. This is what matters. Focus, and trust that your fate has already been written. Time just hasn't caught up yet.
// 🧠 Patience Pays Off
Just like in sports where you have multiple periods, the stock market operates in a similar manner. Whether it's on a daily, weekly, or monthly basis, each period presents its own dynamics. This analogy highlights an important point.
For instance, Team A may dominate the first period, experiencing some continuation at the start of the second, only to be surpassed by Team B for the majority of that period. However, a huddle or a team timeout can serve as a catalyst, rejuvenating the teams and enabling them to outperform their previous performance.
With this understanding, I approach each day fully aware that the market can move in either direction—upwards or downwards. The two opposing teams in this context are the Bears and Bulls, and periods of equilibrium are referred to as 'chop.'
It is crucial to bear this in mind in order to avoid being caught offside or experiencing unnecessary losses. Allow the market to unfold naturally at the beginning of the day or week. Assess the situation, devise a strategy, and execute it accordingly."
As Michael Jordan once said, "I've missed more than 9000 shots in my career. I've lost almost 300 games. Twenty-six times, I've been trusted to take the game-winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed."
No trading skills, No trading success.
Discipline = Follow your rules
Confidence = Reduce your risk
Patience = Think very long term
Execution = Think in probabilities
Persistence = "There's always another opportunity"
Break your limits.
Things I learned in my first 3 years of trading 🧠
1. Mindset is everything
2. T/A is only 30% of trading
3. Risk management is #1
4. Losses are inevitable, learn how to deal with them
5. There is no wrong strategy. Find one that works for you
6. You are your own limitation
Patience, you will fail without it. Never settle for low quality setups. Sometimes the most profitable thing you can do is to do nothing. Being a successful trader is all about identifying high probability setups.
Fed governor Christopher Waller on the October CPI report:
"The market seemed to get waaaa-aaaay out in front.... I just cannot stress this is one data point."
"We've still got a ways to go."