Hey guys, it's not a bad thing accepting that you failed. It's a good way to motivate yourself to improve. Think of what places you failed at, and strive to do better next time.

If you deny your failure, and think stuff like "I didn't do bad at all, I'm doing perfectly fine", you're not going to improve, and will just fail again.

Of course, don't get too down about it. That's not good either.