My early years as a stock trader were a real roller coaster ride. It seemed like every trade was an adventure. Sometimes you made money on a trade and felt like you could dominate the market endlessly. Other times, you lose money on a trade and felt like the world was ending. The first few years in the trading business definitely presents many challenges. I recall being inconsistent, doubting myself and always looking to be in a trade. None of these qualities are what you want to have as a trader.
Fast forwards decades later and these days are much different; I am consistently profitable and confident in my proven trading/investing strategy. Knowing I can make money and build wealth from the markets is no longer a dream; I am living it. The main reason for that is because I lived by one very important rule… never stop learning.
You see, even when you lose on a trade you must try to learn from that losing position. There is an old saying in the trading business, “you never learn from your winners only from your losers.” Personally, I agree with this statement as it was really the case for me. For some reason when you lose on a trade it triggers a part of you mentally that does not want to repeat that mistake. You actually go to work to find out what you did wrong and hopefully you will not repeat that mistake.
Now there are some people that never learn from their mistakes and those are the people who will be out of the trading business before they know it. On the other hand, the trader who continuously studies and learns from his mistakes has a much higher chance of being successful. In fact, the trader that continually learns from his mistakes will often grow faster and become a profitable stock trader – so why would any trader dismiss the power of learning!? Learning will help you begin to find new discoveries about stocks and markets without having to lose on a trade. When this starts to happen you place yourself on a path of continued success. Now this does not mean that you will never lose again, you will. The market has a way of teaching us forever, so just take it in stride. However, continually learning will enable you to grow and improve on every level. Remember, the trading business is a marathon and not a sprint. It is just like life, we keep learning and we keep growing. That is what life is about, make the most of it!
Bullseye Trading has logged in 19 consecutive winning trades in a row without a loser!
This performance is verified and documented. Check out EVERY trade and get the next right now, click here.