Is a passion for trading essential for success?
- Thread starter Starn
- Start date
I think the markets should be open every Saturday from 9:30-12:00.
How nice would that be?
Quote from candletrader:
Let's agree to disagree on this one
NO!
It is a delemma.
One must be very determined to succeed,have lots of patience and be extremely disciplined.
One must also realize and respect events /situations which when they occur can break down discipline.
Trading is different from many occupations where when a difficult job arises,the person that perseveres and succeeds is looked up to.
In trading when a market presents itself as a tough market which is hard to read the smart trader walks away.It is almost like just take the easy jobs.
The dilemma comes that one must be passionate to continue but not be emotional and worry about losses.Just realize with an edge and a good reward to risk ratio,probabilities will rule and in the end you will be a winner.
One must be very determined to succeed,have lots of patience and be extremely disciplined.
One must also realize and respect events /situations which when they occur can break down discipline.
Trading is different from many occupations where when a difficult job arises,the person that perseveres and succeeds is looked up to.
In trading when a market presents itself as a tough market which is hard to read the smart trader walks away.It is almost like just take the easy jobs.
The dilemma comes that one must be passionate to continue but not be emotional and worry about losses.Just realize with an edge and a good reward to risk ratio,probabilities will rule and in the end you will be a winner.
As has been said, I also believe that passion is an essential ingredient to mastery of anything.
That said, one could definitely still be a success at a certain task without being incurably passionate about it. Eg, you don't need a consuming passion for shoes in order to successfully tie your shoelaces.
But to be top in any field, I think, requires you to be passionate about what you're doing; afterall, you're competition certainly is.
That said, one could definitely still be a success at a certain task without being incurably passionate about it. Eg, you don't need a consuming passion for shoes in order to successfully tie your shoelaces.
But to be top in any field, I think, requires you to be passionate about what you're doing; afterall, you're competition certainly is.