Balancing the Short Term with the Long Term
A lot of people talk about having the “long view,” but they neglect what is going on right in front of them. Others make the exact opposite mistake. They are completely occupied with what is happening now, and do not understand that over time, if they are patient and make good choices, their winnings will add up to something massive. Either error can cause you to fail at binary trading. Short-term vision is a kind of nearsightedness that causes you to get impatient. But when you fixate on nothing but the distant future, you do not see the path which can take you there, and you get nowhere.