Failing Forward to Succeed in Trading
To fail forward means that you have chosen to respect each failure for the lessons it teaches you, and to apply those lessons to future efforts, even if those efforts may also fail. Each failure brings you closer to ultimate success when you're failing forward. Your failures are the stairsteps to your success!
You have to give up the drive for perfection. Instead, strive for progress in all efforts. Failures in trading have the power to break you or teach you. The choice is yours. What you receive from each failure can be constructive if you look at the situation in terms of lessons you can learn.
Failure can teach us how to overcome obstacles. It teaches us to adjust to meet the challenges that arise. It's the bricks to build a more unique and substantial foundation. It keeps us nimble, engaged and striving for a growth mindset.
Mistakes are necessary as stepping stones towards success, as mistakes can have value. If you don’t try something with real skin in the game, you don’t truly know the potential of it. If you try and fail, that provides you with an excellent opportunity! You can learn why and how it failed and adjust accordingly for your next attempt. This is a critical process in developing a trading edge. Reframe failure! There are benefits to a bit of risk-taking.
“A smooth sea never made a skilled sailor.”
~ Franklin D. Roosevelt
Don’t waste your failure by moving on too fast. It’s worth your time and energy to study it and really gather all its lessons. Take notes, journal, share with your trading partner or community. Embracing the failures as learning opportunities is powerful and smart! Purposefully choose to not fear failure. Fearing failure will hold you back every time. Will keep you on the sidelines instead of in the arena.
Determination and grit are required for continually failing forward. For as long as it takes. How badly do you want your dreams? The only true failure is quitting the game. If you keep showing up, every failure was just a stepping stone on your way up.
Staying safe and accepting what is easy is so common. But pushing through failures to a higher success is what we’re all about here at Market Mamas!