The ONE THING You Need More of If You’re Going to Succeed as a Trader

by Darrin Donnelly on December 6, 2016

Old School GritI’m thrilled to announce that I have just published a new book that I hope will become the latest addition to your trading library.

This new book is all about the ONE THING you need more of if you’re going to make it big as a trader.

That ONE THING is grit. Good, old-fashioned, keep-moving-forward, never-back-down GRIT!

Psychologists tell us that the secret to a successful and happy life, more than anything else, is something called GRIT. Defined as the willpower to persevere with passion and a sense of purpose, research shows that grit is what matters most in whether a person succeeds or fails.

This is true for any area of life, but it’s especially true when it comes to succeeding as a trader.

Contrary to what you may have heard, trading is not a “get rich quick” strategy. People hear the incredible stories about traders like Nicolas Darvas, who turned $30,000 into more than $2 million in two years, and they sometimes come to the wrong conclusion that traders should expect to accumulate massive fortunes without putting in much effort. They fail to learn the full story about Darvas and understand that he put in years of constant study and struggled through many ups and downs with his trading account before he went on the amazing run that made him a millionaire.

Nicolas Darvas and pretty much every other mega-successful trader you’ve heard of had something that separated them from all the other people who try their hand at trading. Simply put, the world’s most successful traders have more GRIT than other traders have!

Traders who make it big don’t give up. They keep pushing themselves forward. They learn invaluable lessons from each and every setback they encounter. They never stop charging ahead.

The bottom line is this: those who succeed as traders have much more GRIT than almost everyone else who tries to make it in this business.

That’s what my new book is about.

If you don’t have grit, you won’t succeed as a trader. Period.

My new book, Old School Grit, will show you how to develop the type of grit you need to succeed in this business—or any other line of work, for that matter.

This book uses a fictional character and setting to explain the rules of grit. The main character in this “inspirational fable” is a legendary basketball coach at the end of his career. Before he goes, he wants to leave behind a series of letters on what it takes to build the type of grit few people today have. The coach in this story represents several of history’s greatest “old school” coaches, like John Wooden, Vince Lombardi, and Dean Smith—people who exemplified grit.

And with that, here is my new book…

OLD SCHOOL GRIT: Times May Change, but the Rules for Success Never Do

As mentioned above, psychologists today have found that the secret to success, more than anything else, is something called GRIT. That same research shows that previous generations had a lot more grit than today’s younger generations. This isn’t surprising. After all, most of us would agree that those older, wiser, and tougher members of the Greatest Generation are prime examples of what it means to persevere, to never back down, and to make sacrifices for a greater purpose. We could all use more of the OLD SCHOOL GRIT they embraced.

In this book, Bob Flanagan represents the voice of old school grit. A legendary college basketball coach who thinks like John Wooden and talks like Mike Ditka, Flanagan is entering the final days of his coaching career. While his team tries to advance through the NCAA postseason tournament, Flanagan uses his last days as a coach to write his grandchildren letters revealing the rules for a successful and happy life. The rules of grit.

Though Coach Flanagan’s letters are intended for his grandchildren, they might as well be for America in general. This is a man who lives by the old school code of faith, family, courage, and character; and he believes too many people have gone soft these days. They give up on their dreams too easily. They whine, complain, and pass the blame. They spend all their time and energy trying to avoid challenges instead of bucking up and powering through them.

Flanagan’s letters are a rallying cry for toughening up and building grit. His fifteen rules provide a clear path to success in any endeavor.

Consider this book an instruction manual for getting back to the values that truly lead to success and developing the type of old school grit that will get you through anything.

Order your copy of my new book here and please let me know what you think!