Instead, social media depicts trading as something that is quick and thrilling and which has a lot of glamorous returns and swift achievement.<\/p>\n\n\n\n
The thing is though that trading is not a rabbit game. You can crash down when you are fast without discipline just like in the case of the rabbit in the fable of Aesop.<\/p>\n\n\n\n
Trading is rather a turtle game, not fast, not methodical and not deliberate. And the turtle always wins. Let\u2019s explore why.<\/p>\n\n\n\n
\ud83d\udd38 Fast trades often mean reckless trades.<\/p>\n\n\n\n
\ud83d\udd38 Chasing pumps, overtrading, and gambling on hype? That\u2019s rabbit behavior \u2014 and it\u2019s dangerous.<\/p>\n\n\n\n
Turtles move slowly, but one step is considered.<\/p>\n\n\n\n
It is possible to have a compounded interest of 2 percent in a week and on one year the account would be doubled.<\/p>\n\n\n\n
The question to ask is, Will I have Instant money or long-term success?<\/p>\n\n\n\n
\ud83d\udd38 Rabbits jump at every opportunity. Turtles wait for the best setups.<\/p>\n\n\n\n
Patience in trading means waiting to be confirmed, waiting to receive good risk-reward and not pushing up trades.<\/p>\n\n\n\n
Majority of blown accounts are inflicted not because of bad trades- but impatient trades.<\/p>\n\n\n\n
The real traders do not trade on timing of the market they believe in the system.<\/p>\n\n\n\n
There is no point in doing more things to make money in the trade markets rather than doing it in a better way.<\/p>\n\n\n\n
\ud83d\udd38 A turtle\u2019s shell protects it from harm. In trading, your risk management does the same.<\/p>\n\n\n\n
\ud83d\udd38 In its absence, it only takes a single bad move to remove weeks or months of work.<\/p>\n\n\n\n
\ud83d\udd38You should always apply stop-losses, your position size should be small and do not risk more than 1-2% of capital.<\/p>\n\n\n\n
\ud83d\udd38 Rabbits risk big and fall fast. Turtles defend their foundation and last long in the game.<\/p>\n\n\n\n
\ud83d\udd38 The bunny can run quickly —- but it cannot keep the speed.<\/p>\n\n\n\n
\ud83d\udd38 Most traders fail to come out of this game at the end of their lives and blow up accounts hunting high returns only to land at zero.<\/p>\n\n\n\n
\ud83d\udd38 Turtles, however, build slowly and consistently.<\/p>\n\n\n\n
\ud83d\udd38Consistency implies adherence to a strategy, recording all the trade, and muscle memory to succeed.<\/p>\n\n\n\n
\ud83d\udd38 Fast traders think they\u2019ve \u201cfigured it out.\u201d Slow traders know they\u2019re always learning.<\/p>\n\n\n\n
\ud83d\udd38 Every trade, win or lose, is a lesson.<\/p>\n\n\n\n
\ud83d\udd38Turtles study charts, backtest, study data and journal their move.<\/p>\n\n\n\n
\ud83d\udd38 Rabbits skip the homework. Turtles study the course.<\/p>\n\n\n\n
\ud83d\udd38 You do not rise to the level of your goals. You fall to the level of your system.\u201d \u2014 James Clear<\/p>\n\n\n\n
Rabbits become emotional- they chase and fear pumps and react to not only dips but other oppressive things as well.<\/p>\n\n\n\n
\ud83d\udd38 Turtles move with calm, following structure and logic.<\/p>\n\n\n\n
\ud83d\udd38 Emotional discipline in trading is everything.<\/p>\n\n\n\n
\ud83d\udd38 When you\u2019re calm, you stick to your strategy.<\/p>\n\n\n\n
\ud83d\udd38 When you panic, you make costly mistakes.<\/p>\n\n\n\n
It is not the speed of trading, but the survival and strategy in trading<\/p>\n\n\n\n
\ud83d\udd38 Rabbits chase. Turtles plan.<\/p>\n\n\n\n
\ud83d\udd38Guard your capital as a turtle guards his shell<\/p>\n\n\n\n
\ud83d\udd38 Let your edge play out over time<\/p>\n\n\n\n
\ud83d\udd38Don t smell the market by seeking speed, instead strive to outlast it<\/strong><\/p>\n\n\n\n Trading rewards those who play the long game.<\/p>\n\n\n\n Therefore instead of making a mad race, you being a rabbit, you just walk around together with a turtle.<\/p>\n\n\n\n \ud83d\udd38 Be patient.<\/p>\n\n\n\n \ud83d\udd38 Be disciplined.<\/p>\n\n\n\n \ud83d\udd38 Be consistent.<\/p>\n\n\n\n That is what it takes to win, create and remain in the game.<\/p>\n\n\n\n Fast traders make noise. Turtle traders build wealth. Which one will you be?<\/p>\n\n\n\n Read about next trending crypto category from here<\/a>.<\/p>\n\n\n\n