Although it sounds simple, ‘patience’ or a lack of patience an issue. Lack of patience is the worst property that prevents you from reaching your potential in all layers. Patience is timing, the ability to dip his puchline at the right moment.
We live in a time with high pace, where rapid results and effective solutions, it is expected and demanded. Pretty much is actually out of our control and moving in its own rhythm. We can train ourselves to find our patience.
Most traders want to become rich and they want it now. This applies especially to the traders with smaller accounts.
Some of the situations that we all recognize. What do you choose?
Do you eat a candy bar or do a workout in order to get their dream body?
Do you prefer a night out with friends or if you choose to study/read in a few weeks that can help you get a better job?
Some people try to achieve things too early. If you are 25 or 30 years old, you still have 50 – 60 years left to live. Would it not be better to invest in 5 or even 10 years with proper training, and ensure that you are on the right path instead of jumping from one system to the next or try to chase the Holy Grai?
Try to imagine a scenario where you want to learn everything you can, but try to double your trading account with a few months apart. You can focus on your skills and improve your trading strategy without having to worry about you?
Most traders start trading and are planning to leave their job within a few months. But remember – you have to wait at least a year before you start to earn money.
Ask yourself: Would it not be worth to delay the proceedings for the next 5 or 10 years? How do you choose your settings? Are you a professional?
See the full video below – a video from Gary Vaynerchuck, the author of the book Jab, jab, jab, right hook – How to tell your story in a noisy social world: