When we have failures it hits us hard, we wanted to succeed and complete the task ahead but we must know that when we fail we have a great lesson in front of us, if we learn from our failure and from our mistakes we can learn more about ourselves.
If we sit down and meditate on our failed task and if we analyse it and see from an outside perspective we can address it far better.
Thoughts of a Hermetic sage 
But in light of that, we must be sure not to allow the shadow of the failure consume us, for nothing will be left to fight on.
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You are exactly right.
We must understand why we failed and move on from it, for there is only the now.
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