Determination

Nobert said:
We got similar things tho. Things that in value (and not price), are beneath of a single tulip seed.

To the moon, doge.


During the peek of mania, they were exchanging 4 or 8~ full sets of golden/silver dinner tools for one tulip seed or something.
~4 horses etc. (laughs)

Still noone beats the banana that was sticked to the museum wall.
https://www.nytimes.com/2019/12/07/arts/art-basel-banana-eaten.html
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MAYBE i should disclose my mom gave me that ''Tulip Time '' stainless steel forks, spoons.
We got that when my dads bank gave it away with savings accounts opened 2 his bank LOL.
Strange but true\= Tulip Time forks made in Holland LOL.
Tulips do look good , better than any bit con or bit coin
 
Goldlover said:
How much do you think determination outweighs IQ when it comes to achieving success as a trader?
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Outweighs?

People with high IQ but low determination will give up quickly before losing much money, take a high-paying job in a growing field, and diligently invest in a diversified portfolio via monthly 401(k) contributions. Their financial returns/rewards from doing so will blow 99% of retail traders completely out of the water.

People with high determination but average IQ will do dumb shit like dramatically quit their jobs (giving a middle finger to the boss for good measure) to try their hands at day-trading index futures with their $10k life savings after spending a few days reading Al Brooks or old Jack Hersey threads.
 
Drawdown Addict said:
Trading is mainly based on pattern recognition and risk management. You can have as much determination as you want but if you don't learn how to hit the right keys the music won't play.

You can be as dumb as a brick and have an edge. That edge will be your key to success , not your IQ.
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Good points;
but not really dumb as a brick= would not work.
Drawdown addiction or addiction to water could help a lot LOL:caution::caution:
 
Most traders lose but are striving for above average returns. Much above.

While buy and hodlers are happy to get average returns and that is what they, for the most part, get.

But I'd say most traders don't stick it out for 20 or 30 years like the hodlers do.

So any comparison is spurious for the most part.
 
I’d say more resilience and persistence than determination.

It takes 10 years or more for average folks to succeed in trading unless you’re training with pros and do it full time. Even then you still need 2-5 years to make it.
 
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