Published: March 23, 2021 | | | | | Lance Ippolito | Lance is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets. | | | | Trading 101: You Have to Fail to Win |  | | Let's talk about the power of not giving up … because that's the only way beginners can make money in the stock market.
Look, I've failed multiple times, whether that be in trading, business or in my personal life. But after each failure, I've learned something new. And that's part of the game, especially in the trading world.
You can't learn this stuff in a textbook or a college classroom, or through passive daydreaming. Rather, you have to experience failure first-hand before you can grow. You have to be active in your pursuits.
It's important to find like-minded people — or a mentor who can offer advice and words of encouragement. It's also important to seek second opinions, especially if you're just starting out and trying to accomplish something new.
With that said, there are a couple of things you can do to put yourself in a favorable position.
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