Just coming from a place of pain and anger, I wish I knew some of the things I know now a little bit earlier in my life. I think I'm a bit teary, I lost some money I wasn't even supposed to lose. I have not felt like this in a really long time. I'm hurt to the bone, I thought to myself "I thought I had a plan".
Now, I just wish I knew well enough not to play the money game on the defensive. I know a lot of people reading this probably don't know about this either. But I've come to realize that playing the money on the defensive can only at best make one breakeven.
For instance: As a soccer team coming to the field with an all-out defense strategy or playing style, what are your chances of winning? I'll tell you, it's zero! From the very beginning, it is very obvious that the best result for them is a draw because they don't have any plans to win because if they did, they wouldn't be on an all-out defense strategy. It is the same for people playing the all-out defense game with money.
Rich people don't play the money game not to lose.
Yes, read that again. The rich don't play the money game on the defensive. They are usually on the offensive. This doesn't mean that they wouldn't lose an investment, deal, trade or whatever but if they do, it comes off to them as a mistake and they bounce back, take the bull by the horn and go at it again because that's what a champion or winner does. On the other hand, poor or inexperienced people, play the defensive game. This also doesn't mean they wouldn't win a few times but this would come off as a mistake to them because they are playing defensive and the best result should be a breakeven result so they'll most likely be surprised or even puzzled.
No, almost nobody would consciously lose but this battle is usually in the mind with the way we have conditioned ourselves. Some people would be outright blunt and even say they never expected a deal, investment to be profitable. That's a thing anyone would say, right? But they are indirectly calling that a mistake and their subconscious registers that as a mistake and tries not to repeat such mistake again.
But quite frankly, ask yourself the difference between playing (investing) to win and playing (investing) not to lose. Did you or did you not? Well if you did, you'd know it ranges from the attitude to energy, confidence and the actions. A person playing not to lose would be a little lackadaisical, not energetic and would mostly act only when he feels he would lose if he doesn't do anything. He's just trying to find balances. But a person playing to win is very intentional, very energetic and is always pushing because he knows if he doesn't push, it would be impossible to achieve what he wants.
In the end, people playing not to lose can only be comfortable at best but the people who get rich, always play the money game to win
Till I write again...
I am Pearlumie
Cryptocurrency and Forex Trader
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Writer
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I can say I still struggle with switching with both sides from time to time, sometimes I’m playing to not loose, sometimes, I play to win. But I think playing to not loose has kept me from achieving some big things, but it has also kept me from loosing big.
I think the best thing is knowing when to switch up. But it’s hard as fuk
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I'd say play to win everytime but keep an eye on your risk. You can't neglect your defense because you want to attack, it dosen't work that way. Anyway, I'm not exactly a pro at this too.
One thing is, if we'd known everything we now know before we began initially investing, I think we'd have all been rich, like six-figures. But then these scars and mistakes are the experience we've come to garner.
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The experiences and the pain will hopefully guide us and keep us from making those mistakes again