Topic: "Slow success builds character, fast success builds Ego." Ratan Tata - page 2. (Read 238 times)

They are humble and always willing to help others. As much as they're already successful, they shouldn't get into others welfare.

But being helpful, you know that they're there to help others and get to familiarize with trading. Not that they're going to help in the form of a paid webinar and they'll name it as a "trading masterclass".

I know that many of us here probably are familiar with these kind of classes that you get few to almost nothing but the fee is expensive.

No one should get surprised this is the case as we have seen evidence this is true many times on the past, when a newbie invest in a meme coin and they obtain huge profits, they come to consider themselves as being natural expert traders, so they believe they cannot do anything wrong and invest in an even larger amount of meme coins thinking they have the Midas touch, and when the market finally shows them this is not the case, they cannot believe it and keep pushing to obtain the results they got previously, just that this time their results will be nowhere near as positive as they were and will lose everything they gained so far and even more.

This stands true for everyone who is into trading as well as investment because we look for immediate profit and that's the reason for taking wrong decision and we often tend to lose out money because of our urgency as sometimes we are too quick to sell with little profit or panic sell by booking loss and later we realise that we could have booked more profit had we waited bit longer. We need to practice what this man as said as he is industrialist and a legend.

We are now in the era of young men and women being very desperate to make it and arrive fast in life, though its nothing bad if everyone attain their goals fast, but we must be careful of the things we dabble ourself into while on the pursuit of other things of life, sometimes the patience dog do eat the fattest bone, everyone has his own destined time for making it in life, we all cant arrive at the same time.

One thing is certain, those who jump into fast success might only be temporary and will definitely fall again and face struggles and hardships along the way. But if you take your time and slowly achieve your goal and become successful, that slow success will help you reveal the true potentials you have that will lead you to achieve your goal slowly but surely.

This is very true as with fast success it is hard to understand the pain it takes to reach to the top. Whereas slow success is a mix of failure and pain through which a learning curve is formed. I have never seen a trader getting successful after one or three trades. It takes time, patience and failure to make big in trading. The experience gained through slow success always help in the long run.

In which case I have no character and no ego lol

Not that i'm such a failure, but my old business failed to the point I accumulated huge debts. I'm not complaining, I learnt a lot, I still got a job I never went to jail. Yes, my crypto journey is very slow as every extra I make is split between DCA and paying back my old loans, my freedom will be achieved but in many more years.

Quotes are dumb. I know one or two people who had fast success but were generous and went to 100% charity, I didn't feel even one bit of ego from them.

I know many more people who have no success but keep trying and have super big egos. Majority traders in forex was like this. Pretending fake success with BMWs and Rolex in profile pics

Real traders display a character of emotional balance because of their years of mastery of the emotional side of trading. These people have learned this skill from trading in the live market, and it has affected their lifestyles so much that they no longer make decisions based on strictly emotional conditions.

Slow success in trading led them to the mastery of their emotions in trading, because if they had had very fast success in trading, they never would have agreed that they needed to gain more emotional control so as not to make decisions prompted by it.

That's a person's character if reaching success would change him as a different being, ego was just his mindset thinking that he gained power. Actually it's not by nature, it's born attitude by means of advantages that a person came up with.
 I'm not pertaining generally, there's still a person won't develop that kind of behavior and if you're a trader who embrace successful journey then keeping low profile would be best not an egoism.

"Slow success builds character, fast success builds Ego."

-Ratan Tata

I saw this quote somewhere and it struck me that the pain that is felt, that forms the hard skin of a successful trader, is what makes one a master in that area and it is the character that is exhibited during the learning process up until mastery that makes one valuable and successful and have the right character of carriage in that area.
It relates to many of us who decided to give trading a try and soon got discouraged as others continued, unwaivering in their effort to become good and make profit from it.

 It is slow and steady that many times win the race and it is what makes a potential trader learn patience having been steadfast enough, despite the losses.
Even when a newbie trader has attained much profit from attempting to trade frequently, their approach towards the subject of trading and their knowledge base as well as the language or use of terms and words to show intelligence about trading, would be a great difference that is noticed at once.


I would like to include some variables that includes time, access to funds, access to information, ability to perform and remain disciplined, as contributions to what makes one a successful trader, but in reality all these variables and more is responsible for shaping ones character in the long run, by either making them humble or egotistical after they gain success as a trader.

* If you have happened to know a trader personally or admire one from afar, what character from your perspective, does such a one portray unknowingly that makes you know they are truly a trader and a very successful one at that?