How do you differentiate a winner from a loser? You can tell from the mentality that they have....
One very significant and common mentality in a loser is DENIAL.... There are a few things that they deny about... The 3Ds.... And many times, they occur in a sequence.... I think it is important for you to identitify it and learn to overcome it one by one... It is a three step process to have a winner mentality ready....
1) Denial of failure
2) Denial of responsibility
3) Denial of no control
When someone loses money in stocks... They would try their best to hide it... Do you remember asking someone or being asked, "How are your stocks doing?".... Hehe... sound familiar? What answers do you get? Hehe... Typical one would be..."Ok la...", "Break even la...." or " Got loose a bit la....". Let me translate for you what they means... They all basically means almost the same thing... "I AM LOSING MONEY LAH! DUH!"..... They will not admit that they failed... Little did they know that to admit failure is just the first step of upgrading themselves into winners....
Lets say they managed to overcome their first obstacle and they are now willing to admit they they failed... Then, they will start to deny that they are responsible to the loss... They will blame everything that they can think of on earth, in hell or heaven... They blame their remisser, luck, wrong information, set up, and even bad karma.... The only one who did not and never made any mistake is themselves.... How can they ever improve themselves if they have such mentality? We should be responsible to our own actions and decisions... If we make money, it should be out of OUR good judgement, if we loose money, it is due to OUR poor judgement... It is always a good idea to keep a diary or a record of all transactions, and you MUST include the reasons why you buy and sell a particular stock, the gains or loss and what went right or wrong... Study the history... Don't make the same mistake twice...
If the person manages to go through the second test, now they shall have to test the "denial of no control". What does this mean? Denial of no control means the person denies that he is unable to control his greed and desire to gamble.... Someone who is in control will make his trade when he thinks it is the right company and the right time based on solid and sound reasons.... When they know it is not the right time, they will stay and wait for the time to be right... Someone who is not in control however, will put their bet no matter what... They takes unnecessary risks and takes risks with things that they cannot afford to loose (MONEY), for many reasons... Be it greed or excitement.... This is the thoughest test of all because most people will not be willing to admit that they are not in control of themselves... It is like crazy people never admits that they are crazy... But the problem is, they must accept that in order for them to get well...
So, are you able to withstand the test of these 3Ds? It is ok to have them now... Once you identitify them, pull them out from your mind with their roots... Set your mentality right... Then you have the chance to do well in stocks or in life and be the ultimate winner..... "Malaysia Boleh"..... Hehe....
Welcome
First of all, welcome and thank you for visiting my blog... Here are a few things for you to ponder about...
1) Do you feel shy when posting your questions or comments on blogs because most people there are already experts?
2) Do you have problem finding or asking the most basic questions about the stock market?
Well, you have reached the right blog...
This is a blog for anyone who wants to learn more about the stock market. Particularly for beginers. However, some of you may find it too basic. However, I'm not here to teach or to lead... But as I have mentioned, this is a learning blog.... And learning is an ongoing process. So if you are patient enough and continue to stay with me, you will be able to see our progress as we share and learn more with each passing day.
So if you have any questions or comments or suggestions, do feel free to post here. I will try to find the answers from other sources and experts elsewhere... And to those experts out there, please do drop by and give us comments and advices ya.. Thank you so much..
By the way, when you are free, you may visit another blog of mine that is about chinese tea culture... Do drop by and relax after a hard day of battle...
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3 comments:
Agree with the fact you mentioned about the Denials. I think most people don't like to talk about their losses. It needs courage to admit our mistake sometimes. A winner is certainly prouder than a loser.
Happy blogging RL !!!
Thanks Blue for visiting and posting your comment... It's ok not to tell people about our mistakes... The most important thing is that we know that it is our fault and our responsibility rather than push the fault to others... Then we will be one step closer to success!!!!
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