Advice for Traders: Never Give Up

advice for traders

advice for tradersYesterday’s post was a little bit of insight into the frustrations that I believe all successful traders must fight through before they find success. But a funny thing happened right after I hit the publish button. I felt better.

The thing is, I’m not really doubting any of the progress I’ve made over the two plus years that I’ve been blogging. In fact, I’m more convinced than ever that I am on the right path. I just get frustrated because I want to get to the successful part right away.

Post-Vent Encouragement

Following my little vent about my frustration, I received quite a few encouraging emails from the DTAYS community. (That’s the first time I’ve ever referred to DTAYS readers as a community….it’s a pretty big stretch right now, but maybe one day…..) If you’re one of the dudes that shot me an email yesterday, thank you. I needed it.

One of the best emails I received came from Nick Radge, who has been one of the biggest inspirations for everything about the DTAYS Quantitative Growth Fund. His short and simple encouragement really hit home for me.

In a paraphrased nutshell, he basically told me that these are the trials that every successful trader must fight through, and to keep my chin up. Pretty simple advice, but man did it speak volumes when I read it.

Keep in mind that Nick is a very successful trader and author who did me a HUGE favor by agreeing to be interviewed on my podcast. He had nothing to gain by reading my amatuer hour complaints and certainly wasn’t obligated to send me any encouragement. That right there is the definition of a really good dude.

Digging For Gold

It’s funny how timing works sometimes. How the perfect thing for you to read at a certain moment suddenly shows up in your RSS feed. That also happened yesterday.

After working through my must-read RSS subscriptions like Seth Godin, Steven Pressfield, and Leo Babauta, I still hadn’t found anything that I wanted to write about for this post. At that point, I figured that I would just do another War of Trading post today.

Then, as I proceeded to read my “writing” RSS subscriptions (I read those before I get to the “style” subscriptions…..seriously, I read Style Girlfriend and Primer everyday), I came across a post on ProBlogger called Pushing Through Barriers to Strike Gold. That sounds appropriate.

After clicking through to the post, I found that it was actually written by Darren Rowse, who is an absolute dude when it comes to blogging. He told the story of the Cavanagh brothers, who were gold miners in the early 60s. The brothers became fabulously wealthy because they kept digging into the tough clay where everyone else had given up. They pushed through the difficult patch and were rewarded for it.

Darren is using the story to remind bloggers that they have to push through the tough times, but that advice is just as applicable to traders, baseball bettors, and Amazon sellers. It applies to anything worth doing in life.

There are going to be difficult times working towards any goal worth chasing. You have to be willing to push through the difficult clay in order to reach your full potential. The tough times are what makes great traders truly great. If it weren’t for the tough times, everyone would be able to trade for a living.

As John Cena would say, “Never Give Up!”