《The Hardest Part of Trading Is Not Entering, It's Sitting Tight》

I have deep respect for only one type of person:

Those who can hold onto profitable positions.

Without the courage to endure a complete cycle, how do you expect to 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 revealed it 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 take,

to bet on the unknown profits you don't know how much you can make.

In this game,

most of the time, all you really need to do is — sit tight.

If you can hold on, you win.