Stop Trading Like an Amateur


“In my view, the amateur does not love the game enough. If he did, he would not pursue it as a sideline, distinct from his ‘real’ vocation.” -Steven Pressfield

This is one of those quotes that make you really take a minute and think about how committed you are to trading success.

Pressfield explains that many people believe that the amateur does something because of his love for it. He believes that the professional who dedicates his life to something actually loves that thing far more than the amateur does.

I would also add that the trademark of an amateur is that they don’t make any money a the thing they are passionate about. This becomes a serious dilemma when that thing is trading.

If a trader isn’t making money, he’s losing money. If a trader is losing money, he won’t be able to last. That’s why no amateur traders last.

The only way to survive in trading is to become a professional. Of course, that also takes more work than most people are willing to put into it. The Resistance want you to be an amateur.

I guess it’s time to get to work.

Photo Credit: Mark Nye, via Compfight cc