Instead of focusing on making money, you're caught upwards inwards proving yourself to hold out correct. That makes it impossible to rapidly acquire out a incorrect compass as well as flip it into a winning one.
By entertaining multiple scenarios at whatsoever ane time, nosotros don't permit ourselves to conk likewise attached to whatsoever one. Our thinking takes on an "if-then" planning that is focused on process, rather than P/L. This keeps us grounded inwards the reality that in that place is ever a stair out of doubt inwards markets; nosotros ever take away to hold out prepared for markets to disconfirm our preferred scenarios.
But what if, every bit the poster inwards a higher house suggests, nosotros lose our minds altogether? We conk filled alongside frustration, overconfidence, or fear, as well as straightaway nosotros don't actually stimulate got a planned scenario at all. Many times, out of loss of confidence, we'll halt thinking virtually markets altogether as well as lean exactly on the analyses of others. We forget virtually our parachutes as well as endeavour to borrow the chute of a selected guru. Well intentioned every bit about readers of this weblog are, they sometimes inquire me for answers inwards lieu of taking the steps to detect their own. Even if my ideas are sound, substituting those for one's ain independent judgment cannot breed self-confidence. No one's parachute tin forcefulness out stimulate got the house of one's own.
In my final post, I made a error out of haste as well as referred to a "bear trap" when I meant a "bull trap". Influenza A virus subtype H5N1 distich of readers rapidly pointed out my error. I decided, however, to conk along the error intact every bit a reminder of fallibility--my ain most of all. Learn from others, but ultimately brand the learning your own. You'll canvass to the world successfully exactly alongside your ain chute, fully open.
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