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"You miss 100% of the shots you never take." — Wayne Gretzky, Hockey Great

March 7, 2011 by John Locke Leave a Comment

“You miss 100% of the shots you never take.” — Wayne Gretzky, Hockey Great

The difference between a successful person and a failure is not one’s better abilities or ideas, it is the courage one has to take a bet on himself. The successful person will bet on ideas, take a calculated risk and react. Standing still and failing to act causes people who are faced with a problem to become nervous and feel trapped. Instead, study the situation thoroughly, go over in your imagination the  possible courses of action and the consequences that may follow from each course. Pick out the course that gives the most promise and go ahead. If you wait until you are certain before you act you will never do anything. Anytime you act, you can be wrong. You must have the courage every day to risk making mistakes, risk failure, risk being humiliated. A step in the wrong direction is better than staying in the same spot for the rest of your life. Get out there and take that shot!

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Filed Under: Trading Psychology

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