THE ART OF PROFITABLE SURVIVAL
Today I recorded a video stating that PASSION is a needed ingredient in becoming massively successful. As a business owner passion is what allows you to make it through the struggle and keep working towards your goals even when the days seem the darkest.
I’m a competitor by nature. I like going against others, I like going against myself, and in general I just like taking action that has meaning. I’ve played many sports at a very competitive level, but none of them has been as competitive as trading.
The picture above is a good representation of how I feel about trading. Deep down inside I know that I will never truly win this game as it is impossible to completely master the markets. The best I can wish for is to survive for a long period of time without losing. Fully acknowledging that truth, I still wake up each day and chase that golden carrot, while at the same time, trying as hard as possible not to get clipped by that pitchfork. It’s really an interesting balance if you think about it. Chase too hard and you get fatigued → resulting in a pitchfork in your back. Don’t chase hard enough and → you get a pitchfork in your back. No wonder 90% of traders, lose 90% of their account balance in their first 90 days of trading. Anyway…
Successful trading means mastering the art of profitable survival. It reminds me of the movie “Edge of Tomorrow” starring Tom Cruise, when his character was stuck reliving the same day and each time he died, he was able to start over with better knowledge on how to progress through it…I guess I could have use the movie “Groundhogs Day” as an example too but Edge of Tomorrow just came on and let’s be honest, trading is much more like a war than anything else.
The point is, the fact that I know I can’t win, makes me want to win even more and that’s what drives me to stay focused each day in the market. It’s an unsolvable puzzle, yet I want to prove that it can be done.
You see it’s not about the money for me. If it were I would have quit years ago when I was consistently blowing accounts left and right. It’s the process that drives me, and I know that the better I become and following it, the more profitable I’ll become as a result.