Want to Trade ? But don’t know which strategy to use ? (for beginners)

Imagine recording decision-makers' solutions to a competitive-strategy problem using four categories:

1. Now-I-know
2. I-already-know
3. I-don't-know
4. I-guessed

The Now-I-know and the I-already-know are very confident while I-do don't-know and t...

• The defeatist mindset: When you admit you don't know enough to do a task and think someone else should do it. Here "I don't know" is an excuse for not completing a task and prevents you from learning new skills.

• A growth-driven mindset:

Would you hire someone to work on your house without a license? Probably not, since it’s hard to know whether they are qualified and have the skills necessary for the job. The same goes for hiring new employees. You need to define what qualifications they should have before you make them an offer...