Story:
When walking through an elephant camp, a man noticed that the elephants were only secured with a small rope that was tied around one ankle. He wondered why the elephants didn’t break free from the rope, as the elephants were certainly strong enough to do so.
He asked a trainer why the elephants didn’t try to break free, and the trainer responded by saying that they use the same size rope for baby elephants all the way up to adulthood. Because they’re too small when they’re babies to break free from the rope, they grow up being conditioned that the rope is stronger than they are. As adults, they think the rope can still hold them, so they don’t try to fight it.
Moral:
The elephants are displaying learned helplessness – conditioned to expect discomfort without escape. Similarly, if you let past failures define your abilities, you’re stuck in a fixed mindset. Breakthroughs require shedding limiting beliefs and embracing growth despite setbacks.
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Risk Disclosure : An investment in derivatives may mean investors may lose an amount even greater than their original investment. Anyone wishing to invest in any of the products mentioned in this website should seek their own financial or professional advice. Trading of securities, forex, stock market, commodities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Trading in the financial markets has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. Don’t invest and trade with money which you can’t afford to lose. Forex Trading are not allowed in some countries, before investing your money, make sure whether your country is allowing this or not.
You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of Bold Prime Limited or any of its affiliates, directors, officers or employees.
Restricted Regions: Bold Prime Limited does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan. The services of Bold Prime Limited are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Nice. Very interesting story!