A successful self trader – Rule # 26
If there are any 2 typical traits that differentiate a good investor from a great investor; it is patience and flexibility. It is a lethal combination. You need to be patient when you are convinced that you are right. Don’t worry that markets are going against you. But also be flexible, the moment you smell a wrong step. More often than not, dangers are disguised. Be flexible to learn and act; really fast!