Obsessed With The Wrong Thing?

Are we putting too much value on money and not enough on time?

What do I mean?

Well, it takes the average candidate in a physical prop firm 2-3 years to become profitable, according to Steve Ward, a high-performance coach…

(Listen to his super popular podcast here: Building a professional traders mindset)

That is a long time to lose money and spend many hours a week working on something with no guarantee of success…

Tough.

I guess that’s why the payoff is so high. Not many can stomach it…

Nothing is guaranteed, you just have to keep grinding, keep working, and believe it’s going to come good.

One thing you can do though to ease the journey is focus on becoming obsessed with how you spend your time.

Because if you’re going to commit the most valuable resource to this endeavour then you should make sure every minute counts for something, right?

Even if that’s just a valuable lesson…

Here is what Zeno and Jack (first name terms here…!) had to say about time…

Zeno – a stoic philosopher

“No loss should be more regrettable to us than losing our time, for it’s irretrievable.”

• Don’t sweat the money you are losing in the learning process, it will be replaced one day
• Regret not improving on something by the end of the week
• Don’t let the lessons go unnoticed

Jack Schwager – Author of Market Wizards

“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.”

• Spend time on what could make you better prepared for trading
• Dedicate time for preparation, don’t flake!

Oh, and that doesn’t mean grind grind grind…

For many highly motivated individuals it can be very hard to rest and not constantly be working.

Learn to rest without guilt and understand the importance of it.

Intentional rest is time well spent.

The best in the world do it…

“I hate being over-scheduled. I want some time to be able to think and free myself.” – Jeff Bezos