Can U imagine losing every quarter? Losing quarter after quarters for years?
We would most probably be bankrupt, right?
Now, if we are bankrupt, and someone ask u that the way to overturn the table, is to work harder and win at where u lost? In another word, stand up at where you fall, how would u feel?
I think I might show the person the middle finger?
Sometimes, I think we are too harsh on our kids. I think they have been called "lazy", "attitude" accurately but unfairly.
It is a accurate description because they do not put in effort, and when led to the stream with water at their mouth, they still refuse to drink.
But it is unfair to just condemn them. Ask yourself how many failures u can take before it breaks you? Look, if you are not a good trader, u can try becoming a investor, and if u still fail, u can again walk off and be a saver.
What if I tell you for the 10 years, no matter how you fail, u still try to hone craft as a trader?
I felt my pupils have many problems, one of the most serious is lack of confidence and self-esteem. They doubt themselves. They wanted success but no longer think they can achieve it.
If I fail my job for 3 years in a row, I think it might break me, in the sense I will start to set "more realistic expectations". But do we allow kids to set "realistic expectations"
I am very happy with the efforts put in and I see a change in their "hunger" for success. I finally see them smile after getting their results.
Numbers have not compassion and empathy. Do not break them further.
There is another type of losing. Losing to your peers.
You make money from the stock market, then u realize every tom and dick also make money, and u wonder if u are just lucky.
U decided to look at track record, then u realize u dun have one that is longer than the person beside you.
U think u are on the right track, but the person has 30% more profits than u.
So u set the benchmark higher so that u stop losing.
Which is worse, losing money or losing to people?
I know the worst, losing to yourself. Lost confidence, lost passion.