7.19.20 I started the story about a trader who would not hesitate to tell you that she had 160 IQ and that she was the smartest person in the room. She had traded for years with marginal success a trading. She found a guy who is willing to share his information with her, and this guy was a great trader. I knew his name, and he knew my name, but we were not friends as we didn't know one another, but I knew about him and that he was a great trader... and I believed it. He was a great day trader... and it turns out that he was really a very nice guy and that he had made a generous offer to this woman who was struggling with her trading. The reason she asked me to be present in those days was that she knew I could translate whatever this guy was saying, and I knew she was unwilling to do the work and listen to every word that he said in order to understand what he was doing. There are some things in life you cannot change, I wish I had a higher IQ, and I wish that I was 6 feet tall ... to name a couple of wishes. I wish it didn't take me over 30 years to learn how to read markets and understand market dynamics as well as I do. The few attributes that I have, despite the fact that I was a slow learner, is that I never was deterred by people who said I could do things because I wasn't smart enough to do them, I never worried about not understanding something because I was willing to think about it and study about it until I understood. In my mind I was never the victim, and I was never the bad guy, I just didn't figure it out... and so I had to work harder and figure out what I didn't know. That wasn't a bad thing for me since I always had to work hard whatever it is I did, and I liked learning. I always excepted that my failures were my responsibility. I always excepted that it would probably take a lot of work to figure out the solutions. As I got older, I saw that the world is filled with geniuses and PhD's who are unsuccessful and unemployed. Your success is your responsibility. You don't have indulge in personal persecution in order to accept responsibility for your failures, but you can take pleasure in learning about things you didn't know before... including your personality... and using this to bring you success. Personally, I wouldn't advocate that people consciously try to create problems in their lives, however, the way you deal with disappointment or failure is what can change your life. I fully realize this is not a typical trading post, but the reality is... the issues that preclude you from trading successfully are related to the failures you've had in other aspects of your life. It is that simple. You could still be successful at trading and be less-than-perfect... but most likely it will not come that easily. Welcome to the club.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.