1. Beginner’s luck often stifles growth. Losses and failure are good for you.

2. When failure smiles at you, the best thing you can do is smile back, while acknowledging that the lessons that stick are those that hurt.

3. Learn to laugh at the little things and this whole trading thing will be a whole lot easier. Be amused by your mistakes and failures and be thankful for the lessons. Trading is not strictly business, it can be mixed with pleasure.

4. Mistakes are essential stepping stones. Don’t shy away from them. Instead, welcome them. Let them teach you. Keep trading and keep pushing. Virtually every tale of success in trading that you’ll read involves resilience in the midst of failure.

5. Trading is a process. Be patient with yourself. At first, you will make mistakes; you will fail. But you want to fail. You need to fail. Failure is good for you. It builds resilience of mind; develops wisdom; it is the foundation upon which mastery, success, and happiness rest upon.

6. In order to succeed, you first have to be willing to experience failure. Truly willing. No lip service. That’s the price to pay.

7. One of the biggest difference between a winning trader and a losing trader is gratitude. when you allow gratitude to flow in your life, failures and mistakes don’t have the same meaning.