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When to Give Up
"The difference between interest and commitment."
Today’s lesson comes from Mark Minervini, US Investing World Champion.
Do We Have the Gift?
I am sure this question is interesting. We may be in a good mood, coming off a big win, and telling ourselves we’ve got the right stuff.
Or maybe we just had a bad trade. Or missed out on a bigger win, and we are telling ourselves maybe we don’t have what it takes.
But here is the interesting part. There is no secret sauce. There is no natural ability that gets us to the top.
It all comes down to one thing.
When Should We Give Up
So, when should we think about throwing in the towel.
Well the only real question is, should we quit today, or yesterday?
And the answer is yesterday.
If we were going to quit, we should have done it before today, because today we have all this knowledge. All these lessons we have learned.
We have made mistakes, and we are learning from those mistakes—whether consciously or subconsciously.
So, now, it’s too late. We know too much.
And now that we know there is no innate ability, the only thing separating us from massive success is just the next step.
It’s not a race—it’s a journey.
Mark Minervini, master trader, puts it this way:
The difference between interest and commitment is the will not to give up. When you truly commit to something, you have no alternative but success.
This is all we need. A will to succeed.
So keep going. We made it this far. Just one more step.
Persistence is more important than knowledge.
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