The Asteroid Files | Be Willing to Admit a Mistake

"The Asteroid Files are an archive of my detailed, real-time accounts as a cryptocurrency trader. I am not one for posting frequently, but a friend told me to do a fun little series on how I trade, what I trade and why I trade. Maybe this could turn into something fun. Maybe not.

Either way, I'm going to enjoy myself and tie in some fun science fictiony type of stuff with my daily trading endeavors.

Hopefully I can either bring some direct value via entertainment or my sheer trading awesomeness. Regardless, anything you read in my files are not to be taken as financial advice, as that would be wildly irresponsible.

Invest at your own risk and seek help if you are not experienced. My posts are for entertainment purposes only, especially considering that the title of this series is about asteroids which has absolutely nothing to do with trading... or does it?"

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Asteroids Portfolio Snapshot:

 

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Be Willing to Admit a Mistake

Far too many of us are beholden to the mistakes we make in life.

We over analyze them.

We look at them with too much of an emotional mind rather than focusing on doing what is right for us in the moment.

This is a trader's fallacy -- focusing on mistakes and having deep levels of regret rather than moving forward and marching onward toward something that you want to do in your life.

I've made a lot of mistakes. But I have to fight the urge to dwell on those mistakes.

If you spend all day dwelling on the mistakes of your past, then you will miss the opportunities of the present.

 

Building a portfolio is no different.

When you're building a portfolio, don't get hung up on the losses... focus on how to win in the future and how to be happy with the present!

When you look at my portfolio, what do you see? Do you see a lot of losses and negative gains? Good. That's how you learn.

A loss is merely an opportunity to win in the future. When you change your mindset, you can change your reality.