The “3 Ps” Every Trader Needs

by | May 2, 2023

I’m not gonna sugarcoat it today, Evolvers…

If you expect to win in the stock market without possessing certain skills and mental strengths, you’ll most likely fail on your mission.

My trip to the millionaire milestone wasn’t quick or easy. Success didn’t happen overnight. I had to dig deep within myself to weaponize certain character traits before I had major success as a trader.

But let me tell you … it was worth it. 

At any point in my journey, I could’ve grown impatient, overtraded before I’d built a solid strategy, and ended up like the 90% of traders who lose money

Instead, I stayed laser-focused on my goals and ultimately achieved them. And I couldn’t have done it without a few crucial character traits that I call the “3 Ps”.

One is no more important than the other, each “P” plays a vital role in navigating the stock market’s ups and downs. 

So, buckle up and get ready to dive into what it takes to make it as a trader.

Keep reading and I’ll show you…


The journey to trading success always starts with a genuine passion for the market. 

Like an aspiring professional athlete or artist, my odds of trading success were initially low. 

But I knew that the only way to rise above the subpar masses was by wanting success more than anyone else. 

I had an unquenchable thirst to win in the markets, and this was the first step toward my eventual trading success.

As I write this, I can’t help but think back to my pre-trading days as a general accountant. 

I remember sitting in my cubicle, unable to think about anything other than trading stocks. 

My passion was uncontainable, and I knew I wouldn’t feel whole without taking a shot at trading once and for all. 

And it turned out that deciding to pursue trading was the best one I ever made…

Bottom line: If you wanna be a world-class trader one day, you need to ask yourself some important questions…

Do you have the passion for trading required to weather hard times, tough losses, and brutal bear markets? Do you want it more than anyone else?!


The second trait that has helped me in the markets is patience. 

Many traders feel they need to make plays daily, causing them to enter trades they would be better off avoiding entirely. 

By narrowing down my trades to the best setups only, I find that they don’t come along every single day. 

Why can’t veteran trader Tim Bohen stop laughing?

He says he’s just identified the ultimate revenge trade…

And can’t wait to hear from the haters.

Last year, people who doubted him missed out on the opportunity to make EIGHT TIMES their money.

Therefore, I get comfortable with sitting on the sidelines until the perfect chart pattern pops up on my watchlist. 

Let me give you an example…

For the first half of 2022, I traded much less frequently than usual. (The downward nature of the market left me without my bread-and-butter momentum stocks to short.)

This patience and discipline helped me avoid devastating losses while other traders blew up their accounts in a historic bear market

In other words, I traded less because I knew my setups weren’t there. I was patient and it paid off. 

Bottom line: Patience is a virtue in the stock markets … harness it to your advantage.


Doing anything for more than 10 years requires serious perseverance. 

It doesn’t matter if it’s a hobby, a skill, or a job; it takes a lot of mental fortitude to stick with a difficult task for that long. 

And let me tell you, trading is no exception…

Throughout my 12-year trading career, I’ve had many moments when I questioned my discipline and overall mindset. 

Last year, in particular, was a challenging period for me. But I never let those momentary setbacks cloud my long-term goals. 

When things get tough in the markets, I always remind myself why I started and keep my mind focused on my career objectives. 

This way, I can maintain my mental longevity and avoid tunnel vision, which can be a trap for traders who focus too much on short-term results or individual setups.

Although 2022 was a challenging year, 2023 has already been a marked improvement as I passed the $4 million profit mark recently.

Bottom line: Perseverance is the name of the game in the stock market. 

Final Thoughts

The “3 Ps” have helped me survive the most difficult periods in the market. Now, I hope they can help you too.

As important as I think these traits are, ultimately, you must determine what works for you.

That said, I think you should try to weaponize your passion for trading, practice honing your patience, and harness the perseverance to succeed in the long run. 

Want to be alerted to hot trade ideas before anywhere else?

Breaking News Chat is the alert service that traders can’t get enough of. Two former financial analysts scour the Stock Market and news for stocks that could potentially spike and alert the room allowing you the chance to get in on the action.

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This is a tool you’ll want in your trading toolbox. 

Meet Mark:

Mark Croock is a former accountant who after studying under Millionaire Trader Tim Sykes turned his small account into $4.11 million in trading profits by applying Tim’s strategies to options trading.

He started Evolved Trader to pay it forward and help other traders learn how to leverage options


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