Charles Darwin once said, “It is not the strongest species that survive, nor the most intelligent, but the ones most responsive to change.” Just as the world saw with these huge losses experienced trading the Yen, a human mind would have been ready to stop the execution and the continuation of losses.
Now, from the start, you need to expect some stumbling moments as you learn. Part of learning is being ready for mistakes. If you’re not willing to accept the inevitable mistakes, you will end up being overconﬁdent and overly frustrated. Expecting to call all the shots, as if you know exactly what the future holds.
This is a common mistake amongst traders starting out. They think they can hop online, do some research, and be ready to fund an account. This is wrong. Jumping right in like this, blind, will inevitably lose you money. It’s that simple.
Don’t follow the herd! Be open to accepting the fact you need a community of mentors. Mentors with years of experience, to help you along the way. By avoiding this one mistake, you will get yourself to the ﬁnancial freedom you’ve envisioned for yourself. You’ll also avoid unnecessary losses. Keep reminding yourself of your why!
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