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The Little Book of Trading: Trend Following Strategy for Big Winnings by Michael W. Covel

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Chapter Six

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Stand Up, Dust Yourself Off, and Keep Going

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David Harding

WHO DOESN'T WANT TO MAKE A BILLION DOLLARS? YES, I imagine there are downsides to that type of wealth, but it must be one helluva ride to produce that kind of success—especially from essentially nothing. Is it a reasonable goal for you to make a billion dollars? Well, the odds are probably not on your side for that.

However, sometimes in this world, this crazy and often chaotic world of ours, people win the lottery. They buy a scratch-off ticket and win millions. They didn't practice. They didn't struggle. They didn't do anything except buy a scratch-off ticket.

On the other side are people like David Harding. Harding struggled mightily early. However, Harding stuck with it for decades and is now a true billionaire. Don't get me wrong—Harding, like many success stories, has had luck on his side.

However, that's not the takeaway here. The takeaway is perseverance. The takeaway is not quitting. That's how Harding really hit it big. Without perseverance, Harding would have had no chance for luck to shine through.

What can you do? You can learn to think like a trader who has made a billion dollars. And if you think like him, and if you model how a trader like that views the world, you can put yourself in a place to ...

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