Patience? I also want to buy a lot of that. The bad news is that it’s not on MetaTrader and it’s not achieved on Amazon. It’s only earned on the basis of shit. Because, yes, after the market breaks you 40 times for anxiety, you start to think that maybe... just maybe... you should have waited longer.
We all go through that phase of believing that there is the secret button that activates money. It’s almost inevitable. They sell you smoke, and you inhale it with taste. The good thing is that when you wake up, you start to see the game differently. And that’s when the real learning begins.
It's funny how everyone wants a system with 90% effectiveness, but they're not willing to take two weeks of drawdown. That's not looking for profitability, that's looking for magic. And in trading, as in life, magic only exists for those who work as if they don't need it.
Every time I see someone looking for the holy grail I remember when I too believed that the problem was strategy. It wasn't that. It was me. Because any moderately decent system can yield results if you apply it rigorously. But if you change the method every week, then you'll never see fruit.
Having an advantage is like having a sharp knife. If you know how to use it, you do wonders. Otherwise, you cut yourself. It's that simple. And no one is born knowing how to use the knife. You have to cut many times badly to learn. But if every day you change tools, you never learn anything.
If you see a strategy posted on a forum with 50 indicators, run. And if it promises you constant daily profits, run faster. They're taking you for a fool. Cost-effective trading doesn't need ornaments. It needs structure, repetition and a lot of cold head. It doesn't have anything sexy, and a lot of monotonous.
I've seen people destroy accounts with systems that, in theory, were "winners." And I've seen others make fortune with a simple moving mean. The difference? The discipline. So forget about the "best system" and start working on being the best executor.
One of the worst mistakes I made was to change the system every time I had a bad week. So I spent a whole year without moving forward. Now I have only one. It’s not the brightest, but I know it by heart, and with that I already have more advantage than 90% of those who improvise every day.
The market doesn't reward the smart one. Award the constant. The one who comes in and out according to his rules even if it costs him. And that's the hardest thing to accept: you don't need to be a genius to win. You just need to follow your system like a robot.
I've become so selective with my operations that sometimes I don't have to go in for weeks. Boring? Very much. Rentable? More than I imagined. You don't need to operate every day. You need to operate well when you play. And that only succeeds with experience and yes... with patience.
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