After all these years, I’ve come to feel more and more that: what really lets people make big money is often not getting it right, but holding on to it.

Anyone can get the market direction right a few times, but very few people can stay unmoved through volatility and outlast doubt.

Correct judgments are everywhere—the hard part is, after you’ve made the right call, being able to resist acting.

This is probably the hardest lesson to learn in trading.