Quote from: RockBell on Today at 08:05:33 PM

Quote from: Othellobit on April 06, 2023, 09:48:53 PM

Quote from: Mpamaegbu on January 08, 2023, 05:44:05 AM

We learn new things when we fail. We learn nothing if we don't fail. I don't believe, "You Learn More from Losses than from Wins" because that's incorrect. One can learn both ways. In fact, I learnt more from my wins than I did from losses. You talked about losses like anyone wants to have them and then readjust from such. If there's anything losses will even do to beginners, it's to scare and discourage while introducing them to reality.

When one is permanently on the winning side, he has nothing to worry about, but when one fails, he will have thousand questions that needs an answer as to why he failed, and from this he learns. But in the case of quitting after failing, I think it will depends on mindset. It is always helpful to try a different strategy. A newbie who has been briefed on what trading is all about will not quit after losing. Of course trading involves loses but the better side of loses is figuring out a new way of approach. No matter how productive and consistent a strategy is, No matter how long the winning streak a strategy brings, it will someday fail in a long run. And when ever it fails, we learn.

Everyone wants to succeed psychologically, but nobody wants to fail. After all, experience is the best teacher, so we sometimes learn from our mistakes. I also noticed that strategy is crucial, and when talking about wins, it depends on what area of life the speaker is referring to. However, failure strengthens you in all areas of life. Most of the most successful guys, including Elon Musk and others, have made mistakes along the way, but they were able to learn from them and are today the greatest.

We human beings does really like on things to go plain and smooth according into their plans or simply being that perfect on what they are really dealing off with which we know that it cant really be that possible.

Learnings do comes from your mistakes and errors which is something that you would really be thinking off again and realize on what are those mistakes.Trying out to revise your methods and strategies
and would be finding out on whats up wrong with those and trying to adjust which is really a common concept.

You would be learning out from your losses than on wins but of course you would really be needing to make yourself that having that self acceptance as a trader.