Many life activities get boiled down to a baseball analogy: three strikes and you are out.
Trading in general is great place for sport analogy and baseball, from the obsession with statistics, to the choice between swinging for first base or the fences, is a perfect partner.
After you apply all the potential comparisons, you will have to stop at one crucial difference between the two games: in trading you never lose if you don’t swing.
Wealth preservation is the first rule of trading because without capital you can’t trade. Therefore, being very judicious with you trades, especially your first ones, is critical to preserve capital, minimize risk and build a buffer.
Obviously, you can become too guy-shy and never pull the trigger. That’s also a sure way to not make money. Being guy-shy can also make you hesitant and second guess your process. Finding the right balance to wait for the right pitch is the most valuable self-control exercise a discretionary trader can do.