A Trading Fable

It’s challenging to foresee every potential negative outcome. Even though we would like to, we are unable to foresee or account for every potential problem. When we look back on a deal, what may have seemed like a smart move at the time may turn out to be a mistake.Trading Fable, The prudent trader, however, does not become excessively agitated when this occurs. He or she attempts to exert as much control as possible while simultaneously accepting the things that are beyond his or her control. Second, having scepticism is helpful. Despite how uncommon they may be, you must be prepared for the worst case scenario. You cannot become unduly concerned with every potential negative event.

Big setbacks should be mentally anticipated so that you are equipped to handle them when they do.

Disasters certainly occur, but only if you choose to perceive them as such. If you enter trading with the expectation that occasionally awful things will occur, you’ll be able to recover swiftly and be prepared to seize the next market opportunity. Bert has two possibilities. He could either criticise himself for not anticipating every negative development, or he could accept the losing transaction as part of his experience and start planning how to make up the loss right now.