Losses Give Far More Pain Than Gains Give Pleasure

Losses Give Far More Pain Than Gains Give Pleasure

Losses Give Far More Pain Than Gains Give Pleasure

I want to share a psychological secret with you today. It’s that losses give far more pain than gains give pleasure. That’s why you find a lot of people playing not to lose in life. Not really to win but not to lose because of the pain they get. They don’t realise they are doing it! There are only two alternatives. Either you get on in life or you don’t. I know which one I would do – get on and get up! So what I say to the saying is: “Forget the losses and go for the gains!

 

Getting Better at Being Better

Recently we talked about “improving yourself while being yourself”. But even when you improve yourself, the “sh*t” is still coming. Deal with it guys, that’ what it’s all about. At every 10 things you, do, you’ll probably fail at 7 of them but with the 3 things you succeed at, you will kill it!

 

Grinding for Success

For the last few days, I’ve been absolutely “dying” with a flu and cold but not that it stopped me from working 17 or 18 hours a day! It’s just been tough going but I suppose that if it was easy, everybody would be doing it…

So like I said, we’ve been pushing on there in the office. We have our intention set (what we want to achieve), we have our magical number (what we need to get there), now all we need is the strategy to get there. As long as you set your intention and you have your magic number, yu have the key. If the strategy you have isn’t working you can adjust it but DON’T CHANGE YOUR INTENTION AND YOUR MAGICAL NUMBER. Only the strategy can be moved.

What’s Your Magical Number?
Whatever it is you want to achieve in your life, whatever kind of financial figure you want to hit, setting the intention is quite easy. However, I’m not too sure whether the second question (that of your magical number) is understood well. For instance, let’s say you want £50,000 a year in usd. Well, that is the magical number, but how are you going to get it? Supposing you’re trading the financial markets and there is £250 trading days within a year, that tells you that you need £200 a day, and that will give you £50,000. Simple! That’s how you calculate your “magical number”.  

Keep grinding for success and let us know what your intentions are…

1 thought on “Losses Give Far More Pain Than Gains Give Pleasure”

  1. How True Dale,

    As you know – I’ve been cleaning up my Forex inventory with your guidance instilled two weeks ago. I am 2/3 of the way through this process of closing losses on trades I let go too long in a season of life where I lost focus for a bit of time with the transition of my husbands illness. It’s been what you might call a double pain where I have control on some fronts, but not on others.

    As you mentioned – my losses in the Forex are not really so, because I have taken a large amount out of the markets in the last 4 years. The losses still leave me with more than I began since reaping consistent profits. You allowed me to have gain like thinking and work on moving forward with a new perspective and mindset.

    I’m ready for London in September!

    Thank You!
    Sharon Panchal

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