Pro Tip- Losing and failure are not the same thing.

Losing and failure are not the same thing. No matter the outcome of the trade, I am guaranteed two things: I am paying commission and assuming my head is not up my ass, I learned something about myself, the market, and the relationship between the two. Fortunately, losing is a part of trading. Yes I said fortunately, if everyone won the best could never be rewarded. Failing on the other hand is not necessary. What is the difference between failing and losing?

Adapted from previous post:

Having less capital because of something I know. FAILURE
Having less capital because of something I should know. LOSS that can turn to FAILURE
Have less capital because of something I do not know. LOSS

Are you losing more or failing more?

Please leave a comment, a voice mail (312) 725-9121, email eli @ mytradingnet (dot)com or use twitter.

One Response to Pro Tip- Losing and failure are not the same thing.

  1. […] If I lose a $500 phone I am pissed. If I lose $500 on trade, I am fine, assuming I did not make a mistake. The phone is a loss but I can control whether the trade was a loss. The difference? I already knew […]

The services and materials provided should not to be interpreted as investment advice, an endorsement of any security, commodity, future, or personal investment advice, or an offer to buy, sell, hold or trade futures, options or commodity interests or a recommendation to buy, sell, hold or trade futures, options or commodity interests. You assume the entire cost and risk of investing and are solely responsible for any and all gains and losses, financial, emotional, or otherwise, experienced, suffered, or incurred by you.

Read previous post:
How you define an outcome (losing capital), effects future outcomes.

Redefining or changing a word in a sentence can provide the necessary psychological shift to see things in a different...

Close