Hi guys, hi from Andrea Unger! Today I would like to talk about a very common attitude – that of blaming someone or something else for our failures – and how to prevent it in trading.
“It’s raining, blame the government!” is a typical Italian expression that I’ve heard many times. What does it mean? It means that we normally blame something that is bigger than us for our failures.
Obviously, this attitude is wrong in life as well as in trading. Trading is what we love and try to be winners at. So, if we have this attitude towards it, it’s very likely that we’ll never succeed or be consistently successful in it.
When we trade and lose money, it’s normally our fault. We don’t have to blame the broker for catching our stops, or the internet connection for dropping at the right moment, or the cat for jumping on the keyboard. Such things might happen, but they are not the main cause for our failures.
If we keep on losing, it’s because there is something wrong in our method. We must acknowledge this, face the problem and try to solve it. We must look for a solution, a way to adjust it.
I also suggest that, if when you look inside yourself you see that trading is not for you – it may happen and this is not a fault – you dedicate your time to something else with a more successful attitude. You don’t need to trade.
At any rate, whatever may happen, if you’re losing, don’t blame the government, don’t blame anything, don’t even blame yourself. Instead, look into your method, look into your attitude and try to find out why this is happening.
Stay tuned, it’s not the government!
Ciao from Andrea Unger!