I’M SENT A LOT of emails every month from people who are trying to come to grips with errors they’ve made and problems they’re experiencing while trading. It’s so tempting to beat ourselves up when we stuff up a trade, isn’t it?
If you’ve found your self-talk is suffering after taking a battering on the markets, I want to remind you that you are not your mistakes. Sure, doing the same dumb thing again and again is plain stupid, but making an number of mistakes once, or even a few times is part of being a human and becoming an exceptional trader.
I love this quote from Stephen Covey – “Live out of your imagination, not your history”. Look forward instead of in your rear view mirror – or you’re sure to crash.
It’s not what happens to you, it’s how you handle it that counts. Your mistakes are completely separate from who you are as a person. Take pride that you’re moving one step closer towards your goals. Don’t cripple your future growth by shooting yourself in the foot because you made a screw up.
Go get ’em!