THE INVESTOR MINDSET

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Bitcoin break the resistance and now trading above it. The next resistance is $50,000-$50,500 area and $52,500-$53,000 area. Market will turn extremely bullish after $53,000 break and BTC will go to make a new all-time high. A break above psychological level of $50,000 will turn the market sentiments bullish. You have to learn from your mistakes and losses. Learning is what investor Warren Buffett has done. People today know him as one of the richest men in the world. This elder statesman is well respected for his financial skill and wisdom, but those qualities have come as a result of learning from his losses. He says, “I made plenty of mistakes and I’ll make plenty more mistakes, too. That’s part of the game. You’ve just got to make sure that the right things overcome the wrong ones.

If you want to gain the benefits learned from your losses and mistakes, don’t allow them to take you captive emotionally. Banker and speaker Herbert V. Prochnow asserted, “The fellow who never makes a mistake takes his orders from one who does.” Why? Because the person who advances in his or her career takes risks, fails, learns, and applies the lesson to gain the benefit. Observe any successful person, and you’ll see someone who doesn’t see a mistake as the enemy.