I’ll keep trying and each time push harder than before
I can't live my life always worried about what if
'Cause what if I die tomorrow
Then I never even lived
- Plain White Tee's </p>
I’m sure you’ve gone through it before. You’re set to do something big. Maybe it’s starting a business, getting married, or entering into a big trade.
Your excitement is high, but your nerves are even higher. And then it hits you …
What if your marriage doesn’t work out? Or what if you timed the market wrong and your new business flounders? What if the short position you just entered into is set to rise on a wave of short covering?
This is a poisonous thought that I experience from time to time. It’s a thought that, if left uncontrolled, can throw me into a rut that could stop me from making a new trade. And I know it can do the same to you, because you’re human.
Let’s face it, this is a thought that you will never avoid. At one point or another, you’re going to question whether you should be doing the right thing. But do you let that question stop you?
What you choose to do at that step will inevitably determine who you become as a trader … and as a person.
I’ll admit this to you right now. In my youth, I went through a time when I simply couldn’t trust anything I did. I don’t know why this happened. Maybe it was because I didn’t have enough self-esteem. Maybe it was because I screwed up pretty badly.
But by thinking about the “what ifs,” I didn’t get anywhere.
Not you, me, nor anyone can see what the future will bring. All you can do is aim and shoot for where you want to be.
By thinking “what if my wife leaves me” or “what if my trade goes wrong,” you’re thinking about an unknown event that may or may not take place.
After all, did you pull up a crystal ball and see that your wife would leave you at some undetermined point in the future? So why would you let anxiety stop you from making an important decision?
The way I battle my anxiety is by making sure that it’s irrational, and then by going all in.
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For instance, when I first came up with the idea that the Federal Reserve wouldn’t lower interest rates this year, I couldn’t help but wonder, “what if I’m wrong?”
After double-checking the reasons why I felt the way I did, I decided to mention my thoughts in our yearly financial meeting. Then I wrote an article about it, and continued to remind everyone of my position throughout the year (like right now).
I find that I get the most anxiety when I’m going against the grain. And those are exactly the times I should trust my research and move forward.
If I’m wrong, so what! At least I had an opinion and learned something in the process. I’ll just move on to the next thing.
And that’s the same thing you should do. You should never let anxiety keep you from progress. If you do, you’re letting irrational fears get the best of you. And worst of all, you’re risking further progress.
The next time you’re positioning yourself for a big trade or a big life-changing event and get the “what if” jitters, just find out whether your fear is rational (it usually isn’t). Once you find out it isn’t, conquer your fear and do exactly the thing you’re afraid of doing.
You’ll never regret it.
Until next time,
Charles
[Ed. Note: Charles has discovered an extremely promising silver exploration company with great moneymaking potential. To find out how you could make more than 541 percent on just one stock, click here and read this special report]
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