Disappointment in trading, in it’s myriad of manifestations – missing out, leaving big money on the table, taking a loss, etc – is inevitable for even the best traders. It’s an elemental fact that traders who understand this, internalize it, and make it a part of their trading strategy are the most successful.
One of the most important part of our lives is dealing with disappointment, specially when we want to make a change. That is why some people are afraid of making changes in their lives. They keep on suffering from a bad condition and don’t want to make any changes, because they don’t want to deal with disappointment that they will be faced with while making the changes. Many of them who start making a change, give up at the middle of the way when they are faced with failure and disappointment.
You are trading , because you want to change your life. This is great. But keep in your mind that you will be faced with moments that disappointment comes to your way, and chances are you give up before you reach your destination.You fail only when you give up. Even when all doors look closed, still there are too many other doors open. You just need to look around and see them.
It is only normal to feel “disappointment” when our trades fail to meet our expectations. We feel “regret” when we think that we have made a poor decision that could have easily been avoided. There’s an assumption that underlies both emotions, and both of these assumptions can be dangerous to our ability to be profitable.
So never get Disapointed but learn from mistakes and move ahead.