How to Turn Setbacks into Investing Success

Today, we're going to talk about something unusual - and, at first glance, perhaps even uncomfortable - but stick with me: It's a conversation that'll make you a stronger, more consistently profitable investor.

I'd like to put failure on the table this morning.

Most investors want desperately to succeed - it's easy to understand why.

Unfortunately, in the absence of a disciplined, risk-managed plan, the mad dash for "success" all too often leads folks to fall for glitzy advertising, hype, and - honestly - complete crap... much of which, unfortunately, comes from the newsletter industry.

Chances are you know exactly what I'm talking about.

But here's the secret...

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If Someone Tells You They "Can't Fail"... Run the Other Way

You can't just keep doing the same stupid things with your money if you want to truly live an extraordinary and very profitable life.

You've got to tap into your subconscious and into your deepest fears first.

You've got to FAIL - preferably hard, and often.

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I can find dozens of people who will tell you all about the amazing successes they've had. Heck, go to any "motivational" conference in the United States - you can't swing a wet towel without hitting 10 of these smoke-and-sunshine peddlers.

They clog your e-mail with spam, touting the most ridiculous of half-baked schemes. Frankly, their ideas are irresponsible - and downright financially dangerous.

The truth is, really successful, profitable investors have no trouble whatsoever talking about their failures.

They know you can't hit home runs every time you step up to the plate, that you can't set a land speed record every time you visit the Bonneville Salt Flats, and that you cannot book a 1,000% gainer every time you plunk down your money.

Failure happens. It's inevitable. For everyone.

The difference between those who fail and fade away and those who fail and go on to become fabulously wealthy is that these folks learn from their failures. If a trade or investment goes against 'em, they consider the loss a kind of "tuition" at the School of Hard Knocks.

What they don't do is fail once and slink away with their tail between their legs like the dog that swiped the steaks. They get right back up, learn from what went wrong, adjust their approach (if necessary - bad luck happens), and then do it all over again.

Sooner or later (usually sooner), they get it right and reap unimaginable benefits.

We've done the exact same thing...

How to Fail "Up" into Outrageous Long-Term Profitability

I'm in touch with my paid subscribers to services like the Money Map Report every week - and folks who get my trading research services like High Velocity Profits and Straight Line Profits hear from me several times a week.

When I research a trade recommendation for my subscribers, I follow it like a hawk, and folks hear from me about how it's doing. I'm in touch when the stop is triggered, if applicable, with the exact reasons why the recommendation hasn't done as well as I'd expected. In other words, that's a failure we can learn from and grow on.

And of course, I'm in touch when my subscribers have a chance to take a nice, market-crushing win off the table.

My point is, we'll take a victory laps just as readily as we'll take the spinouts - and fortunately, we've got a lot more of the former than the latter!

Many people thought the firestorm of negativity that enveloped markets nearly a year ago and caused the S&P 500 to tumble a nerve-jangling 15.74% last December was the beginning of the end, the mother of all failures.

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I told you that it was the start of something great, and I've recommended great companies like Visa Inc. (NYSE: V), VMWare Inc. (NYSE: VMW), and MongoDB Inc. (NASDAQ: MDB) that have all produced 100%-plus winners in the months since.

If that's "failure," I'll take it.

Now, we're headed into another tumultuous presidential election, and expectations are for a massive market failure.

Good!

Because the people who don't understand what we've just discussed, who don't get the importance of failing hard and failing often, will get left behind.

I think the market's next move could give us five times the profits - or even more. And I'd hate for anyone to miss out on a run like that.

Time to get some!

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About the Author

Keith is a seasoned market analyst and professional trader with more than 37 years of global experience. He is one of very few experts to correctly see both the dot.bomb crisis and the ongoing financial crisis coming ahead of time - and one of even fewer to help millions of investors around the world successfully navigate them both. Forbes hailed him as a "Market Visionary." He is a regular on FOX Business News and Yahoo! Finance, and his observations have been featured in Bloomberg, The Wall Street Journal, WIRED, and MarketWatch. Keith previously led The Money Map Report, Money Map's flagship newsletter, as Chief Investment Strategist, from 20007 to 2020. Keith holds a BS in management and finance from Skidmore College and an MS in international finance (with a focus on Japanese business science) from Chaminade University. He regularly travels the world in search of investment opportunities others don't yet see or understand.

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