While it’s my practice herein to constantly distinguish for you the investor from the trader, I find the core characteristics that distinguish the successful from the unsuccessful in each endeavor to be virtually the same. From Kennedy and Gorman’s insightful Visual Guide to Elliott Wave Trading:
……psychological factors that prevent traders from becoming consistently successful: lack of methodology, lack of discipline, unrealistic expectations, and lack of patience.
I suspect the above applies to more in life than just investing and trading…