Failure Is the Stepping Stone To Success
๐๐๐Failure has a bad rap. To many it is a loaded word, packed with a negative connotation. Failure by buying the wrong stocks can evoke feelings of disappointment, self doubt, unworthiness, fear, anxiety and even shame.
However failure can also be a golden opportunity to learn, reflect and to grow in order to become a better investor.
I have made many mistakes in the course of seeking the best stocks to invest. However I view failure and mistakes as stepping stones to become a better investor.
I have learnt not to let emotions like FOMO or Fear guide me when it comes to investing. When I first started investing, I tend to follow the crowd and go for the hottest stocks. But these days, I am more careful and do my research thoroughly before jumping on the bandwagon.
Without the lessons that I learnt, I do not think I can be where I am now. These days I am more into ETFs than buying individual stocks. I find that ETF investing can be just as rewarding too. ETFs especially Index ETFs, give me maximum value for my hard earned money and minimise my risks.
For example $SPDR Portfolio S&P 500 ETF(SPLG)$
$STI ETF(ES3.SI)$
$Energy Select Sector SPDR Fund(XLE)$
When it comes to investing, I view Failure as the Stepping Stone To Success. I invest with Optimism and Hope that with patience and time in the market, I will reap bountiful returns in the long run.
@Tiger_comments @TigerStars @Daily_Discussion @MillionaireTiger @CaptainTiger
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Thanks for sharing and congrats on your winning trades!!
Thank you for you sincerely sharing. I made big loss on $NVIDIA Corp(NVDA)$ 150 calls few weeks ago..
Investment must be a long way to go, will continue to be careful on positions control and trade.
The article helps a lot:โHowever failure can also be a golden opportunity to learn, reflect and to grow in order to become a better investor. โ