# "The Hardest Part of Trading Isn't Entry, It's Sitting Still"

I have profound respect for only one type of person:

Those who can hold onto winning positions.

If you don't have the courage to endure a full market cycle, what makes you think you can make money?

Many people mock those who watch their profits evaporate, watching their cooked duck fly away.

But I say: they are the ones who truly understand the market.

Livermore pointed it out long ago:

"I make money because I can sit still better than others."

What is trading?

It's using that small stop loss you know you'll lose,

to gamble on unknown market movements where you don't know how much you can earn.

In this game,

most of the time, all that's really required of you is to—sit still.

If you can sit still, you win.