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Trading Psychology

18
Jun

The way you should deal with failure

von David Aigner | Tags: failure, formula, success

What separates people who enjoy success from the majority who end up never getting what they want is how they respond to failure. It is what they do about failure that makes a big difference.

So what is the pattern that all successful individuals exhibit?

When they don’t achieve their goals, they don’t think of it as failure. Instead, they perceive it as feedback. Either feedback that the strategy they used was ineffective or that they did not take enough action. They then use this feedback to immediately change their strategy and take action again.

If they still don’t succeed, they will get more feedback, change their strategy and take action again. They keep repeating this process until they get what they want. They do whatever it takes. So, remember, every time you don’t get what you want, it is life giving you feedback. It is this continuous feedback you need to help you adjust your approach until you hit your target.

These are four steps to get anything that you want in your life.
Just know what you want specifically, develop a strategy, take action, get feedback and change your strategy until you succeed.

But wait! If achieving success is so easy, why doesn’t everybody do this? I could teach this formula to a hundred people, but not everyone will end up putting it into practice. Why? I have found that there are two more major elements that affect whether or not people will follow this formula. These are our Beliefs and our Values.

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