Does Failure Motivate You?
Does Failure Motivate You?
I'm going to write the next few tips on topics that might press your buttons. They'll help you find your hotspots and help you discover how you sabotage yourself. I've been reading a wonderful little book by Jerry Stalking entitled, Laughing with God. In that book the following dilemma is brought up, and here I'm going to rewrite the conversation to make it pertinent to trading/investing.
God: Do you want to win without losing?
Trader: Of course.
God: If you win, you must lose as well. But you lied to me. You said that you'd like to just win. If that were the case, you'd win much more often. The possibility of failure motivates you much more than the possibility of success. Your whole culture, with few exceptions, is dependent upon failure or at least the fear of failure. If there were not the possibility of failure, you could not take any credit for success. You wouldn't feel so good about winning.
Think about it. How many times would you watch a football game if you knew the outcome? It is the uncertainty of the outcome that keeps your attention.
What if you always knew what was going to happen before it does? As a matter of fact, you already have that ability, but you do not use it because everything you presently call fun in your life would be lost. You would lose the uncertainty that you thrive on, feed on, and yet attempt to diminish.
The last statement may "get to" some of you. But what if it's true? Ed Seykota said in Market Wizards that people get what they want out of the market - excitement, punishment, and a justification for their emotions. I've certainly seen plenty of evidence to suggest that his observation is true. But the conversation gets even more interesting:
God: I am saying that you already can know the future. Remember that future and past are both illusions. The fact that you ignore this ability makes it more obvious that you do not want to know the future or that you love wanting to know the future while believing that you cannot know it.
There is no time - just present. You use the uncertainty (mock uncertainty) of the past and the uncertainty (mock uncertainty) of the future to keep yourself suspended in the illusion of time while calling the whole process life.
Just to make this conversation more meaningful, imagine that you are 100% accurate on every trade. You know every top and every bottom on every stock. You are never wrong about a trade. Suppose you just entered the market and made $10 billion in a year. Would you keep going if it were that easy? Would ten billion be enough? Would you honestly keep trading?
Perhaps your response is, "Sure I would! I'd get all the money in the world." Well, would that be interesting? I tend to doubt it. Trading is only interesting because of the possibility of losing. You are now in a position where you can buy anything; do anything, etc., because you will never lose money on a trade. Would you still trade? Why or why not?
Everything in this tip may be made up. Nothing may be true, but I'd like you to assume (act as if) it is true. Just pretend that it's true. When you do so, what happens to you inside? How do you feel about trading? Would you keep on trading? If so, how often? If not, why not? What does that tell you about yourself? Is it the uncertainty that keeps you in the game? Would you keep trading if you had all the money in the world? Why? What do your answers tell you about yourself?
I would encourage you to do this exercise and notice what comes up for you. How many trades would you take if you had no uncertainty in the outcome? What do your answers tell you about yourself?
A note for your consideration:
There are many books that claim that the text "came from God" and I simply don't know whether such books come from God or not, but if they give me new ideas to ponder then I find them very exciting. If it stretches your beliefs to think it came from God, then just assume that someone made it up. But at the same time imagine that it might be true. This one gave me a lot of new ideas, and if you open yourself enough to do the same, you might find the ideas quite expansive.
If I will be successful at first step I will be remain on that level for ever. My loss motivate me to learn more on forex. I tries more for practice, for knowing different strategies and trading styles. I try to be a managed and planned trader. Loss not disappoint me it motivate to learn new things. I thought I can be a good trader like others in the world.
Failures do not disheart me , they motivate me to learn forex more efficiently . It was my pasion to work with forex . My loss keep me motivated that thre is some thing more which I hae to know to have a strong grip on trading.
there is proverb that fail is the failor of success and one of the trader learn by losing money
Failure is the mother of success, but too many fail you will lose confidence, so do not think to fail, you need to prove their success
Yes failure motivate me to do right trading . I become aware of my mistakes , see what should be adopt and avoid in next trading. Failure is a big teacher for me because in start I mostly learn from my mistakes.
failure is the pillar of success. so take a challenge with your failure. it will be converted as success very soon if you have patient to wait.
It is true that Failure is the mother of success , but too many fail you will lose confidence but never think to fail, you need to prove their success . if u gave confident you must be success .
Dear Traders
Its universal true that failure is the pillar of success so you should take a challenge with your failure and it will be converted as success very soon if you have patient to wait , thanks all .
Thanks for all advice , I become aware of my mistakes , see what should be adopt and avoid in next trading.
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