Living In The Moment Means Applying Lessons Of Yesterday’s Mistake Into Today’s Action

The title probably caught your attention right? 🙂 yeah I saw it somewhere and I felt it was a good title especially when dealing with life experiences. In life I have realized that we humans lack accountability because we sometime feel that we can never be the reason behind our mistake. Life has taught me better that the greatest mistake you can make is always trying to blame others for your own mistake, because when you do that, you unconsciously rob yourself the opportunity of learning from that mistake.

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Sometimes we can also learn from the mistakes of others. For instance I learnt from my father’s real estate mistakes and I think I know a little bit better now if I want to buy a property. Another mistake I have learnt from is the concept of money and people, especially when investment is involved. Last two years I went to a supposed forex school where I wanted to learn financial freedom, so they told me though. I spent three months there learning a bunch of forex stuff, those forex teachers can make you feel like you can attain financial freedom in 6 months after learning forex from them. I was so excited because I felt that after 6 months I will finally buy my dream car and buy my parents their individual houses.

I learnt currency pairs and volatility indices. I dedicated a lot of my time trading my Demo Account. I felt like I was preparing myself for financial freedom through forex so it made me feel extremely risky and excited. I am young and I want to make it in a legit way, because lots of young people are currently making it with internet scam and fraud. I never admired that, and my dad always emphasized on karma and how it will always come back to me if I try to scam anyone online for their money.

I finally finished my 3 months forex course and decided it was time I start trading Real account and leave the fantasy of Demo account. I was filled with so much confidence, I changed my social media handle to forex trader. This was the trend in 2019, you see most people putting forex trader on their Instagram and Twitter handle. I couldn’t wait to add that to my own bio and feel among, I did and it felt good.

Because of my social media “forex trader” bio, I got DMs from people asking me for some financial advise and willing to send me money so I can trade it for them. Because of the confidence I had in myself and my trading, I told them that they can come and know my house just incase they are doubting my legitimacy.

One very big mistake I made, I wish I didn’t do that.

Things were going fine, I was making money for myself and these investors until I made the wrong trade call and lost it all. Yep!!! Over confidence in trading engulfed me and I felt invisible in the market and felt I could do anything in forex because I now know my ways around the market. I found myself increasing my Lot Sizes and not setting stop losses.

Gradually, I started losing a lot, I watched my losses surpass my profits . It got to a point that I had to liquidate my trading account. After liquidating my account, I had to spend some time to reflect on my life, the wrong decisions I have taken and how to pay my investors that entrusted their money with me. I called them and told them what had happened, they all gave me the same answer that they want their money back. It was totally my fault so I had to pay back. What I did was use the remaining funds I had withdrawn from my forex account and go back to trading crypto.

I ended up applying lessons from my forex mistake into trading crypto and this helped me a lot. This is because, I learnt to be patient, calm and less proud with my investments.

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