Trading is a hard profession. There is a reason why over 95% of traders fail. The ease of access to trading avenues has only exploded in recent years. Crypto added to the fuel with a jackpot-like mentality becoming a common feature. Everyone in crypto is aware, that given enough attempts and some modicum of discipline, it’s not too hard to make money. Peter says the real test is keeping it.

If your plan is to become a serious trader, you simply must approach it with the same mentality as if you wanted to become a surgeon or a lawyer. The work involved has been done before and a wealth of knowledge is shared freely and frequently by experienced professionals. One of these well-known individuals is Peter Brandt; and here are four of the things he shares as advice.

Manage Your Emotions You will have massive gains and losses. Managing your emotions during this time is critical. Remember that every profession worth doing takes a lot from you. To succeed, you must understand what it takes from you emotionally.

Trade Within the Size of Your Accounts This is very straightforward; don’t take risks that will take you out of the game. Size all your trades appropriately and stick to your plan.

Patience & Discipline To Execute Your Trades Both Peter and Bob Loukas talk about letting trades come to you. Avoid obsession with the market which will often lead to unhealthy trading.

Cut Your Losses Quickly and let Winners Run Most crypto investors, including yours, truly have held on to a turd for too long. Often braying out terms like HODL, when this is not valuable advice on all occasions.

In conclusion, remember that it’s a marathon, not a sprint. Give yourself three to five years to learn the trade and understand your own style.