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

[hd49728]

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

It is true in life and in this cryptocurrency market, it is still correct.

It is even amplified in this volatile market where people can easily get massive profit by either investment or trading in a bull run. Its correctness will be reflected in a bear market or in market corrections when easy profit will quickly vanish if people don't have experience and skills to manage risk to secure their profit and initial capital.

People are easily to think they are genius in this market even they are only newbies and if they use leverages, soon they will be taught by the market with liquidations in Long squeeze or Short squeeze.

[Assface16678]

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

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.

Very true. There are a lot of traders that want to win big and faster or earn a lot in just a few trades and stake a lot of their capital just so that they can have a huge return or reward, but eventually some and most fall so deep because of that mistake. That's why it's very important for a trader to have a lot of patience in trading because trading is such a hard field in crypto, and if you want easy and fast money, then trading is not for you. Trading should be treated with care and cautiousness because, with just one mistake, it will cost a gambler a lot. I once made this mistake. I thought that if I had little knowledge, skill, and experience in trading, I could stake a huge amount and earn a huge amount in return, but it didn't go well because my funds couldn't take the downtrade and burn all my capital. It was my first great loss, and I will never do it again.

[redsun114]

He is right, if we look generally at the world, people who gain success very quickly by any means tend to face failure quickly after that as well, and the reason for that is what Ratan Tata said, they gain success fast and become egoistic and we know what ego does to people, it makes them rude and they consider themselves above everyone else which makes them disrespect others, and such people are always destined to taste the dust one day.

Whether it's about trading or anything in general, someone who gains success in it very fast will either become egoistic or irresponsible, and you can't do that. Some people say that achieving success is way easier than maintaining it, so someone who becomes successful doesn't mean he will stay successful forever, they will need to maintain that success.

[Russlenat]

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

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.

Success comes with worthy experience. If you don’t incur pain and losses along the way, you can’t be sure  of yourself if you’ll reach the top successfully. But if you learn trading the hard way, you will experience what it takes to be a good and profitable trader. Trading is undoubtedly hard and tough, most especially for those who trade who lack the knowledge, skills, and the positive attitudes to achieve success in trading.

[el kaka22]

Quite good quote for sure. Doesn't mean it's true, I have seen people who had decades to build their success and they still turned out to be bad people, and seen people who became overnight stars in their field and still ended up being humble people. BUT the reality is that the quote is almost always right, the examples I have talk about are exceptions and not the rule, that rarely ever happens.

Most people who get success and fame all of a sudden, end up being not great in mind, same goes for kid stars as well, in business that is rarer but in other fields it is more common like sports and music, it is hard to be a kid and be that famous. All in all, I think it is quite alright if you let it go to your head for a while, it is more important to recover from that.

[Lanatsa]

Quite good quote for sure. Doesn't mean it's true, I have seen people who had decades to build their success and they still turned out to be bad people, and seen people who became overnight stars in their field and still ended up being humble people. BUT the reality is that the quote is almost always right, the examples I have talk about are exceptions and not the rule, that rarely ever happens.

Most people who get success and fame all of a sudden, end up being not great in mind, same goes for kid stars as well, in business that is rarer but in other fields it is more common like sports and music, it is hard to be a kid and be that famous. All in all, I think it is quite alright if you let it go to your head for a while, it is more important to recover from that.

Yes, it does simply means that each person or people would really be that different when it comes to quality or simply with its behavior on which there are really those people who are really that good when it comes to their success building but on the moment that they had established themselves or reached out that pinnacle they do really end up on being that boastful.Im not saying that it would be all but there are really indeed people who do becomes like this on which this do simply shows that there's no assurance that you would be that having that Egoistic kind of personality or building up a character no matter how fast or slow you do able to achieve such condition.

Also, i could say that indeed parenting is one of the contributive factor on how a certain person been raised up well. If he/she was raised up on an environment where discipline and proper values has been that applied or something that been imposed strictly and properly opening your eyes about the good and the bad then most likely you would really be getting or having these ideas forever.
This is why it would really be that significant on how your parents do raise you but in the end of the day it would really be still that still depends on what kind of character you do have
because each person would really be that different when it comes to things something like this.

[goaldigger]

Definitely this line has huge importance. Moreover if you research about Ratan Tata, then yes he has done many hardwork and now is one of the richest person of India. This combines with trading, as people follow quick and short strategies to take huge risk and earn good money. Now once if they succeed through this they develop an attitude or ego that makes them very harsh on other strategies. Whereas if a person who follows safe strategy and  earns small profits, knows the value of all techniques. So yes, we should always avoid the shortcuts.

This hits me the hardest as I’m already experiencing a big turn around and realized that I should not be in hurry and just enjoy the process. Just like in trading, once the price chart is not ok with our strategy, then we should wait and not to hurry buying because there’s a tendency that you will lose more once you push your trading position even if its not within your target, taking the slowest way can build you a good character where you can use to become more successful.

[Hypnosis00]

 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.

That is perfect. Slowly but at least continuously until in the end, it is a great success. We can really feel success in trading when we experience that we no longer lose huge amounts. Besides, success is not all about winning and earning money but also how we gain knowledge. Those traders who want shortcuts will never feel such confidence and that is not what we call success knowing that there is a lack in ourselves.

Learning needs patience as we can't take it all in just a few days but several days, weeks, and months. True success is not seen by how a trader speaks but through actions and results.

[lombok]

 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.

That is perfect. Slowly but at least continuously until in the end, it is a great success. We can really feel success in trading when we experience that we no longer lose huge amounts. Besides, success is not all about winning and earning money but also how we gain knowledge. Those traders who want shortcuts will never feel such confidence and that is not what we call success knowing that there is a lack in ourselves.

Learning needs patience as we can't take it all in just a few days but several days, weeks, and months. True success is not seen by how a trader speaks but through actions and results.

Success in the trading that we do is not as easy as you think. Everything requires patience and very high accuracy. They have to try various theories that never always have certainty in making a profit. Until finally, after several attempts and spending a lot of money, they found a trading method that succeeded in making a profit every time.

[South Park]

Definitely this line has huge importance. Moreover if you research about Ratan Tata, then yes he has done many hardwork and now is one of the richest person of India. This combines with trading, as people follow quick and short strategies to take huge risk and earn good money. Now once if they succeed through this they develop an attitude or ego that makes them very harsh on other strategies. Whereas if a person who follows safe strategy and  earns small profits, knows the value of all techniques. So yes, we should always avoid the shortcuts.

This hits me the hardest as I’m already experiencing a big turn around and realized that I should not be in hurry and just enjoy the process. Just like in trading, once the price chart is not ok with our strategy, then we should wait and not to hurry buying because there’s a tendency that you will lose more once you push your trading position even if its not within your target, taking the slowest way can build you a good character where you can use to become more successful.

Learning to trade is a process that takes a lot of time, so it should not be surprising if after years of trading we still make a few mistakes here and there, what matters is that we know enough about trading to minimize those instances and the magnitude of those mistakes, as in this way your mistakes will not damage your account to the point a recovery becomes impossible, so do not mind those mistakes too much and learn all what you can out of them.