Mental Toughness Required by Traders Part-III

In Continuation with Previous Article
Embracing Failure 
Failure has associations of negativity. However, failures are opportunities. Generate a feedback loop about your trading. Carry out post analysis every weekend. INCORPORATE it into your trading routine. While many see failures as extreme set backs, others see them as opportunities to learn and move forward. Nicholas Darvas was the master at this. He made sure he never repeated the same mistakes over and over again.
Half the battle is being conscious of what is going on in your trading. Some people do not know they are repeating the same mistakes over and over. If you don’t know about it, how can you fix it? How can you move forward.
Learning from mistakes can be a difficult task as we are forced to take responsibility for our actions/results. It is to easy to just pretend that they didn’t happen. However this is where the secrets about your trading lie, the cause of failure and also the improvement needed to move forward. All this is revealed in our own results.

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