SCOTT WELSH TRADING BLOG

The Fight Against Failure

The Fight Against Failure

Nov. 24, 2021

If you want to try to manipulate people, here’s a great way to do it.

Tell them it’s not their fault.

It feeds people’s egos and emotions, rendering them susceptible to buying what you’re selling.

That said, I consistently get a lot of emails from people who haven’t succeeded yet in their trading.

Why do so many of us fail?

Answer: it’s not our fault.

This would be a great time for an emotional sales pitch but that’s not what we’re talking about. We’re talking about the truth.

And our failure, to a large extent, is not our fault.

An in-depth study showed that by the time we reach adulthood, we’ve been barraged by 148,000 negatives, doubts, and destructive beliefs.

Keep in mind, this was a study done before 2011. In the smartphone age, that number could easily be in the millions.

And what do you think happens to a person when he or she hears “that won’t work” a million times?

To think about it another way: how many times would a plane reach its destination if it was pre-programmed with the wrong directions?

All our lives, we have been trying to “achieve our goals with our own onboard computer pre-programmed to hold us back––or fly us in the wrong direction.”

Most of the time, we didn’t ask for these negatives. They were given to us, shoved down our throats by well-meaning people who just wanted to protect us from the mean, cruel world. The board is stacked against us from the get-go.

We’re programmed to fail, to not achieve.

So we don’t.

Is there a way out? Is there a way to break through the barrage of negatives?

Yes. And the way out is evidence. Evidence that something can be done.

That’s exactly what I tried to do in my tennis programs. Most teenagers I trained wanted to do it but didn’t believe they could do it. They were good soldiers and listened to the adults (and peers) that told them they’d never succeed.

They were pre-wired to not get better. So I barraged them with stories about people who had done it. People who had stood on the same court as them and accomplished amazing things. Time after time, I filled their minds with real-life stories of fantastic accomplishments, trying as hard as I could to reprogram helplessness with hopefulness.

It worked. Many times, the success stories won out and kids went on to achieve big things. Not every time, of course, but often enough.

And that’s what I’m trying to do with the Newsletter. I’m trying to provide evidence of strategies that work and I’m trying to make money in my own accounts to prove it can be done.

I don’t think trading is an insurmountable task, just like becoming elite in tennis isn’t an insurmountable task.

So I’ll keep showing research and using examples in my own accounts to try to prove that. It won’t be easy and not everything will work perfectly. But I’m going to keep working until the proof overcomes the doubt.

My goal is that the Newsletter is a place you can come to read and hear about success, whether that’s from my accounts or from yours (when you write me and tell me how well you’re doing).

Re-programming failure into success is hard work.

But it’s my favorite kind of work. And I look forward to it every day.

Have a great Thanksgiving!

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Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.