Most traders burn out within a few years.
The stress, emotional swings, and pressure to perform break even the most skilled traders.
So how do you last for nearly four decades?
For me, it comes down to three things:
1. Adaptability
Markets change. The trading floor gave me an edge in reading order flow, but when everything moved to electronic trading, I had to adjust.
If you refuse to evolve, the market will leave you behind.
2. Risk Management
Trading is a game of survival.
Overleveraging and failing to manage risk is the fastest way to blow up an account.
(I did this many times unfortunately before I learned to stop gambling!)
3. Passion for the Markets
I still wake up wanting to know where gold, the dollar, and other key assets are trading.
If you don’t have a genuine interest in the markets, you won’t last long.
Advice for Traders Who Want Longevity:
Stay adaptable—what works today might not work tomorrow.
Control your risk—never let a single trade jeopardize your career.
Love the game—if you don’t enjoy the process, you won’t survive the ups and downs.
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