“If initially you do not succeed, try again,” is that the motto of the many a successful investor.
When investors talk about experience, they’re simply talking about the trials faced, mistakes made, lessons learned, and successes achieved. You’ll never become successful investors without making some mistakes.
Successful investors make mistakes, but they’re not discouraged by these mistakes because they know mistakes are a part of becoming a better investor. Average investors learn mistakes as bad, but successful investors see mistakes to find out something new.