A commencement speech by Roger Federer, one of the greatest tennis players of all time, had an insane statistic from his career... one that Jordan and Levi apply to their trading. Learn how Federer's win rate can change how you view success.
Key Takeaways:
Even the best traders/players lose all the time. Become VERY comfortable with that.
Even a SLIGHT edge can be turned into massive wins. This applies in tennis and in trading.
WHEN you win matters. The difference between the greats and the rest of the pack, is that the great players/traders win when the pressure is highest. The pressure doesn't make them lose or do anything stupid.
Conclusion:
Change your mindset from trying to get a ton of wins, to understanding that even the best lose a LOT. You only need a VERY slight edge to be wildly profitable. Win when it matters, and develop the cold, killer instinct that will enable you to thrive under pressure.
Resources:
Roger Federer Speech: https://www.youtube.com/watch?v=_ILk8Yai3Wo
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