- PPF Points
- 3,884
I am winner
My whole life, I have been very involved in sports. Ice hockey, soccer, golf, and tennis are the sports I love to compete in.
Playing hockey at such a high level, I learned how to win, consistently. There were always teams in the league that would win consistently and others that would lose. When we would play a team that had a bad record, sometimes they would be leading the game for a while but I never worried. It was almost like we could be down by a few goals and we knew we were going to win. This is because of attitude. Sure enough, most of the time no matter what the score was during much of the game, we would come back and win. The winning attitude almost always beats the losing attitude. The winning teams play with one thought, that's "to win." The losing teams also play with one thought, "not to lose." The latter equates to a lack of confidence and fear and that is a recipe for consistent failure.
Like many of you, I love the game of golf. I have a childhood friend whom I play with sometimes. While our skill levels are near equal, I almost always beat him. What happens is that as soon as he hits a bad shot, and I mean a really bad shot, he can't recover mentally.
He allows this shot to have such a big impact on his game that the rest of the round of golf is a disaster for him. I, too, have a bad shot once and a while; we all do. The difference is that I don't let it have anything to do with my next shot. I know the bad shot will happen sometimes which means it's actually a part of winning the game. As soon as my friend hits a bad shot, he is finished, I win, game over.
I love to win, I hate to lose
Having so much success in a sport growing up, you feel like there is nothing in life you can't do. No matter what the task, not succeeding is never an option or thought. So, you can imagine how shocked I was when I entered the trading world and was told that you have to be a good loser in order to win. HA!! That had to be a joke I thought... There is no way I am going to lose because I hate losing, I hardly ever lose. It didn't take long to realize that this was 100% true, I had losses and that didn't sit well with me. I tried to eliminate them but as I did, I also eliminated the winning trades, as well. This was not good; I hated losing. Slowly though, I figured out the secret to trading from experience and a friend of mine. It all depends on your definition of losing. In my early trading days, I had the wrong definition of the word "loss."
Perception is everything
Think about all the setbacks and losses you have had in other parts of your life; financial, relationships, job promotions, and more.
Haven't they always made you stronger and led to something "better?" Losing is a very necessary part of winning in my humble opinion. As our founder at Online Trading Academy, Eyal Shahar says, "Life is all about perception." If I had a dollar for every time I have heard him say that, I wouldn't have to trade. He is so right... The key is to categorize. If I perceive each trading loss as a loss or losing, it's not going to sit right with me; I can't stand losing! However, if I put each trading loss in its proper place which is in the "winning" category, all of a sudden a trading loss is a must for winning.
They would be out of business and none of us would have a playground in the middle of the desert to enjoy. Losing in trading is great as long as it's proper losing. To become a professional winner, you have to first become a professional loser. This is a road block that many people never overcome which is why many people fail at market speculating. It's the few market speculators with the proper perception that get paid from those with the wrong perception, the transfer of accounts. If you want to change, change your perception of loss.
My whole life, I have been very involved in sports. Ice hockey, soccer, golf, and tennis are the sports I love to compete in.
Playing hockey at such a high level, I learned how to win, consistently. There were always teams in the league that would win consistently and others that would lose. When we would play a team that had a bad record, sometimes they would be leading the game for a while but I never worried. It was almost like we could be down by a few goals and we knew we were going to win. This is because of attitude. Sure enough, most of the time no matter what the score was during much of the game, we would come back and win. The winning attitude almost always beats the losing attitude. The winning teams play with one thought, that's "to win." The losing teams also play with one thought, "not to lose." The latter equates to a lack of confidence and fear and that is a recipe for consistent failure.
Like many of you, I love the game of golf. I have a childhood friend whom I play with sometimes. While our skill levels are near equal, I almost always beat him. What happens is that as soon as he hits a bad shot, and I mean a really bad shot, he can't recover mentally.
He allows this shot to have such a big impact on his game that the rest of the round of golf is a disaster for him. I, too, have a bad shot once and a while; we all do. The difference is that I don't let it have anything to do with my next shot. I know the bad shot will happen sometimes which means it's actually a part of winning the game. As soon as my friend hits a bad shot, he is finished, I win, game over.
I love to win, I hate to lose
Having so much success in a sport growing up, you feel like there is nothing in life you can't do. No matter what the task, not succeeding is never an option or thought. So, you can imagine how shocked I was when I entered the trading world and was told that you have to be a good loser in order to win. HA!! That had to be a joke I thought... There is no way I am going to lose because I hate losing, I hardly ever lose. It didn't take long to realize that this was 100% true, I had losses and that didn't sit well with me. I tried to eliminate them but as I did, I also eliminated the winning trades, as well. This was not good; I hated losing. Slowly though, I figured out the secret to trading from experience and a friend of mine. It all depends on your definition of losing. In my early trading days, I had the wrong definition of the word "loss."
Perception is everything
Think about all the setbacks and losses you have had in other parts of your life; financial, relationships, job promotions, and more.
Haven't they always made you stronger and led to something "better?" Losing is a very necessary part of winning in my humble opinion. As our founder at Online Trading Academy, Eyal Shahar says, "Life is all about perception." If I had a dollar for every time I have heard him say that, I wouldn't have to trade. He is so right... The key is to categorize. If I perceive each trading loss as a loss or losing, it's not going to sit right with me; I can't stand losing! However, if I put each trading loss in its proper place which is in the "winning" category, all of a sudden a trading loss is a must for winning.
They would be out of business and none of us would have a playground in the middle of the desert to enjoy. Losing in trading is great as long as it's proper losing. To become a professional winner, you have to first become a professional loser. This is a road block that many people never overcome which is why many people fail at market speculating. It's the few market speculators with the proper perception that get paid from those with the wrong perception, the transfer of accounts. If you want to change, change your perception of loss.
