Do You Have What It Takes to Be a Trader? Larry Williams Answers
🧠 Do you really have what it takes to be a trader or investor?
In this powerful insight, legendary trader Larry Williams draws a fascinating comparison between traders and astronauts.
He recalls a conversation with his friend Jim Irwin — the first man to drive on the moon — who said the key to becoming an astronaut was learning how to handle stress under pressure. And that’s exactly what separates successful traders from those who fail.
📉 If you’re emotional, if you react too fast, you will lose money.
🧘♂️ Learn to pause, think, and act with control — or this business is not for you.
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do you have the right stuff to become a
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Trader or an investor frankly I doubt it
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a dear friend of mine Jim Irwin was the
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first astronaut to drive a car in the
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moon I asked Jim how he got selected to
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become an astronaut what process did
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they go through he said the big tests
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were on how much stress we could handle
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and to learn to handle stress they had
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to repeat the same function over and
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over things would change they'd have to
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learn to respond to it that's what
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Traders do and investors do we're always
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responding to something that we don't
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have a lot of control over just like the
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astronauts so if you don't handle stress
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well if you get emotional you respond
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too quickly this is not for you pack up
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your computer stop trading you're going
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to lose money I don't want that to
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happen to you or learn to handle stress
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to stop to think before you react most
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people that are not making money react
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too quickly instead of cooling off a
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little bit thinking about it they jump
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to conclusions this is not a business
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where you want to jump to conclusions
