In my state of thought, I sought to understand the kind of mindset that made some persons lucky to the extent that after several attempts without success, they finally strike gold.
Whereas, on the other hand, we have persons who seem to follow a sure career path that is predictable, steady, but never seem to share in this kind of luck.
Here's a story to help us distinguish between a lottery mindset and a disciplined mindset:
I have a friend who recently lost his job. He was fired. Although he had complained about leaving the job for several unsatisfactory reasons. His wish came through, and he was not stuck in the clouds nor perturbed as to how to survive or source another job, even with little cash left.
It was until he had given up hope of sourcing or waiting for a job, he returned home and was sure to invest his full time in same small business he managed to hold onto while he worked at that job. He got called back and with better pay package. He never felt he couldn't survive without the job, as he reiterated, but for other reasons, passion and pressing bills sake, he took the offer, while holding onto his small business/side hustle.
I do not think my friend had the lottery kind of mindset but the disciplined one, else he would have refused the offer and focused solely on his small business.
That is, one lucky break over a fluke while trading, versus, trading with discipline of focus and understanding.
Ever heard of persons who needed a lucky break and got it?
Do you want to approach trading with a lottery mindset? If you do, you’ll always be on edge and you will have difficulty trading with discipline.
Let's discuss.
https://zerodha.com/varsity/chapter/the-lottery-mindset/#:~:text=They%20develop%20a%20%E2%80%9Clottery%20mindset,steadily%20t