Mental Motivation Mondays

Isaac J Lim wrote a column · Mar 18, 2024 15:06

A setback has often cleared the way for greater prosperity. Many things have fallen only to rise to more exalted heights. - Seneca The Younger

No matter how disciplined one is, they are always bound to face some sort of setback or challenge. Whether it works out well or it causes you to stumble, one thing a trader can do is to approach it with the right mindset. Take this as a lesson to climb upwards and onwards.

Every setback will lead to two things if approached with the right mindset. Firstly, you will come to a new and important realisation. Secondly, with such a realisation, it leads to new options. From a trading perspective, was the analysis wrong? If it was wrong, where did you go wrong? If it was correct, what happened that caused you to be stopped out prematurely? Stay safe, trade safe.

Share with me your thoughts below how do you deal with such setbacks as an investor/trader?

#trading #investing #motivation #markets #stocks #forex #bonds #mindset #technicalanalysis

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Isaac J Lim

Moomoo Singapore Chief Market Strategist

Mysfft & A professional TA guy. Previously advised the largest buy side firms. Together, let’s make investing personal.

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