Life provides us with several possibilities to improve ourselves in a variety of ways. Only a few people identify most of them and make right moves, benefitting the most from them. Most people either fail to recognize or fail to capitalize the recognized opportunities. Whatever be the case, what follows that missed opportunity is the self limiting emotion called REGRET.
This happens more often than not in a trader’s trading career. When you quit your transaction believing that the price will not rise any more, it soars, providing you with an excellent opportunity to profit. Thus you missed an opportunity to gain more. This invariably will create the self defeating emotion of regret in you.
This is what we’ll be talking about in this post. But, before we get too deep into the subject, let us first grasp this emotion from a different angle.
What Exactly Is Regret? Unique Reflections
To put it concisely, regret is a feeling of dissatisfaction produced by wishing one had made a better option in the past believing that it would have improved one’s current situation.
People often experience remorse because they believe, in the back of their thoughts, that they will never again have such a good chance in life. This is the notion that gives weight to the sense of regret.
Courtesy: www.freepik.com/
Moreover, regret often happens because you are attaching more weightage to the opportunity that is presented in front of you compared to your own hard earned skill and wisdom. The fact is that missing that opportunity has in no way affected the skill or knowledge you’ve acquired over all these years. They are beautifully kept, and you may still use them to make more money in the future.
So, what should one do if they miss a trade opportunity? Let Go!
The Benefits of Letting Go of Regret
Letting go of regret is nothing but embracing the present. Hence, the biggest benefit of this is that you can make most of your present time, achieve more, and enjoy your present moment. But this is easier said than done. To let go of regret over your missed opportunities to earn trading profits, you need to do the following things:
Accept It As Natural
The first step in overcoming regret is to understand that missed opportunities are a natural part of life. Instead of obsessing on the missed opportunity, it is essential to understand what went wrong and how you can do better next time. This acceptance is the first stage, since without it, no approach will succeed or provide beneficial results.
Make it Insignificant – The Best Strategy
There are several approaches you may take to overcome the regret you carry in your mind regarding the flaws you committed in the past. The finest one, though, is about making your previous mistakes appear small. This is without a doubt the ideal way since it not only allows you to let go but also renders the memory of missed opportunities inert and inactive.
Remember the classic tale about a teacher drawing a line on the board and asking the pupils to make it shorter without touching it? A wise child stepped along and drew another longer line, making the original line appear smaller! He accomplished this without ever touching the first line.
Courtesy: www.freepik.com/freepik
The same is true for conquering regret. Overcoming your mistake and making it look insignificant, not a decisive element in your job, life, and happiness is the ideal way to deal with regrets.
Don’t Let Missed Opportunities Define You
It’s also vital to realise that one missed chance does not determine your value or success. Your worth is determined not by the amount of opportunities you missed, but by how unaffected you remain and surge ahead in life. Everyone has setbacks and obstacles, and success does not always come quickly or easily. What distinguishes successful people is their capacity to persevere in the face of adversity. So, look at every lost opportunity as an opportunity to improve yourself and boost your self-esteem.
Courtesy: www.freepik.com/wayhomestudio
Finally, while regrets about wasted chances might be tough to overcome, it is possible to move ahead and create a greater future. Remember that it is how you respond to lost chances that defines you, not how you miss them. By adopting a growth mind-set and staying determined, you can transform regret into motivation for personal growth.
