Work hard to win the championship.

“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. Twenty-six times I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”

This quote belongs to a fresh new basketball player. The kid is bright and we can see he already has a future.

Michael Jordan is his name.

We failed thousands of times as traders and we will fail a thousand more. We failed thousands of times in our private lives, in our personal projects and we will fail a thousand more.

It’s OK to fail. Just make sure you don’t fail too big for too long, or you’ll be thrown out of the game. The risk of ruin is something you must never run into. Benefit from shock. Be antifragile. Use your errors as a source of information. Develop and know yourself better during the process of becoming a skilled trader.

Just like the NBA’s Birds and Jordans, put many hours into practicing, studying and refining your technique. You won’t win every game but you should definitely be working hard to win the championship.

Chart of the Day

RUT Iron Condor risk graph

Skilled traders know very well how to use every single tool inside their toolbox. One of the must-haves for anyone who wants to become a skilled professional is the Risk Graph. Master it and greatly improve your chances of success.