Some traders start trading to get r!ch quick.
They assume after a few weeks or months, the profits will start rolling in.
And I see why – social media is packed with “traders” sitting by the pool, raking in 1000s of dollars a day, with no work. Just a few clicks here and there and BOOM! Order that Ferrari.
But here’s the cold splash of reality…
Yes, a lucky few might hit a sweet spot early. That’s often just a fluke.
Real trading requires patience and hard work before you see real results. But patience is a skill many are missing.
And a rush to make quick profits usually has the opposite effect.
It can cause traders to take shortcuts and make simple mistakes. Which only delays their progress further.
I even know 2 super-smart traders who deviated from the Mr Breakouts framework to speed up strategy development. The result was low-quality output and loads of errors. They eventually quit trading – in the middle of a drawdown!
So, the lesson here?
Impatience in trading is dangerous.
Don’t sprint to the pot of gold; it’s a mirage.
Focus on the step right in front of you. Nail that, and you might just find yourself crossing the finish line sooner than you think.
Tomas
