Good day traders!
This post is hugely important, especially for traders outside of funds. The basis is to observe the best traders, a specific behavior when they are successful.
Interestingly, the same behavior is observed in the most outstanding athletes, businessmen, members of elite special units.
The best of the best, when they are successful - they want to be even better.
Therefore - they continue to educate themselves. They still learn about their strengths and weaknesses and work on them. They continue to train, research, and develop technical skills - in our case, knowledge about markets, new analytical methods, new sources of advantage, new strategies, indicators, and tools to make their work easier.
Professional development has become a lifestyle for them, something they do regardless of success or failure. The success they enjoy is certainly gratifying, but it is also contextual, it is an (inevitable) side product.
Interestingly, they often derive more satisfaction from this effort than from the success itself: in the market, in business, or in accomplishing a very difficult mission.
Learning, development, overcoming oneself is for them a lifestyle, a passion that consumes them, a blessing that success brings them and a curse that consumes practically all their time.
In one sentence - their secret is passion.
Passion enlightened, I mean by that you know your strengths and weaknesses well and you work with specifics. And if we’re talking about specifics then we’re also talking about measuring results, states, progress.
But that’s a story for a completely different article, which I’m sure will be written at some point.