Hey friends, it's Rob Booker and welcome back to the Trading Book Podcast.

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In 1937, Napoleon Hill wrote the manifesto of success that's become,

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well, a beacon of hope to all who wish to achieve the impossible.

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Now, I've rewritten the book with traders in mind and I hope that you

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00:00:14,901 --> 00:00:18,680 find this brand new version of the book helpful in your quest to think

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You can find me on the web at robbooker.com. And without ado,

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here is Trade and Grow Rich, Chapter 3. Faith.

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Visualization of, and belief in, the attainment of desire.

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It's the second step toward riches. So here's the deal.

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Faith is like the ultimate mechanism exologist in the cocktail bar of your mind.

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Picture this. When you stir up a little faith with your thoughts,

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it's like sending a VIP text straight to your subconscious.

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That's where the magic happens. It gets the message.

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It does a quick translate to spirit speak,

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and boom, shoots it off to the universe's main server,

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kind of like. Sliding into the DMs of infinite intelligence,

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with a prayer emoji. Now,

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let's talk about the power trio. Faith,

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love, and desire. These are the three big guns,

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the emotional avengers of positivity. When they team up and blend their vibes,

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There, they get a spiritual makeover,

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the only kind that gets a nod from the universe's big boss.

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Let's break it down. Love and faith are your soul's BFFs,

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all about the spiritual high fives. Desire though?

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But when you throw, them all in a mixer, it's like opening a hotline

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to cosmic wisdom. Straight up, no chaser.

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It's the ultimate mind meets matter chat room where thinking man's

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tweets meet the cosmic consciousness.

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And that, my friend, is the secret handshake of the universe.

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How to develop faith. Alright,

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let's crack open this can of psychological worms with a twist of sarcasm and

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a pinch of dark humor. So here's a little nugget of wisdom that's gonna

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blow your mind. Or at least, well, that's the plan.

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Faith, my friend, is like your brain's own personal wizard.

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You can whip it up with a catchy mantra or you can tell yourself

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the same thing over and over. Thanks to this nifty trick called auto-suggestion.

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It's like convincing yourself that your shower singing is grammy worthy through sheer repetition

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and with enough practice you might just get there. Now,

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let's get to the juicy part. The reason you're probably flipping through my podcast.

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You want to turn those fluffy pie-in-the-sky desires into cold,

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we're talking about making money by the magical power of thinking.

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00:02:44,547 --> 00:02:47,569 Well, thinking really, really hard and really,

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really consistently. By chanting your financial desires into the void,

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you're gonna trick the little guy into believing it's payday every day. And voila,

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your subconscious is conscious at some point,

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gullible enough to follow along with your deepest desires expressed repeatedly will

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which seem far away at first but really,

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once wrapped in faith, can send you back with a whole bunch of action,

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a whole bunch of results, along with maybe even a blueprint for making your

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follow the breadcrumbs laid out in the mystical chapters on auto-suggestion in this

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book and you're probably going to convince your subconscious that you're the next big

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get rich by thinking about getting it. Modern alchemy or just wishful thinking

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on steroids? Well, you decide.

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I've purposely kind of called it auto-suggestion according to Napoleon

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lot of people don't believe in this stuff. A lot of people don't believe

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in these affirmations. You know what? And I'm perfectly fine making fun of it,

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because it's worked for me, and it is kind of weird.

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I mean, imagine trying to explain what red looks like to someone who's been

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or you can joke around about it. Because you'd have an easier time teaching

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like trying to teach train ourselves to believe in ourselves.

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That's what we're dealing with when we talk about cooking up faith from scratch.

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It's like trying to brew a craft beer in your bathtub without a recipe

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or even yeast. Good luck with that. And so many of us start from

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such a point of believing that we're not good enough to deserve the wealth,

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or we don't know what we're doing in trading, that we don't just get

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in our own way. And so you might as well make this fun.

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It doesn't really matter actually if you believe in auto-suggestion or affirmations.

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If you use them, they work. It doesn't matter if you even believe in

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after you become a grand master of all of these principles inside of think

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It's as if after reading a dozen self-help books,

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you could suddenly levitate or turn water into wine or a small

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The secret sauce? You've got to keep telling yourself the same thing over and

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over. You've got to reprogram your brain, you've got to rewire your brain.

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00:05:26,349 --> 00:05:31,013 Repetition, in this case, is your do-it-yourself kit for manufacturing faith.

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Faith leads to belief, and belief leads to actions,

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and actions lead to results, and faith starts it all.

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00:05:36,760 --> 00:05:39,662 You have to take a step in the darkness not knowing exactly where it's

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00:05:39,663 --> 00:05:43,835 going to end. And if you start to convince yourself by telling yourself enough

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00:05:43,836 --> 00:05:47,478 times, and consistently enough, maybe your subconscious is going to buy it.

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00:05:47,479 --> 00:05:49,981 And even if there's a little bit of delusion mixed in,

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and I'm saying that with all seriousness, you might start acting on faith.

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Because as we know, if you have faith, but you don't do anything about

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it, then what was the point anyway?

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I've met traders like this who just know they're destined to be successful,

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but deep inside they really don't believe it yet. And over the last,

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especially 10 years of my life, I have practiced this.

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This, straight from this book and other sources,

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I've practiced this act of saying,

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I know that it's difficult for me to believe that I deserve it,

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that I can do it, and so I'm just going to keep telling myself

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00:06:22,634 --> 00:06:26,797 that until I actually believe it. And we never really follow through on anything

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until we actually believe it's true. So there you have it.

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This is the only known method that I know of for whipping up faith

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on demand. Imagine this.

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There's a theory floating around, courtesy of a well-known criminologist back in the day,

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says Napoleon Hill, that sheds some light on how ordinary folks might find themselves

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on the wrong side of the law. It goes something like this.

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Initially, when people bump into crime, it's like touching a hot stove.

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They recoil and discuss, that's not who I am.

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But stick around the heat long enough,

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tolerable, it becomes a part of who they are.

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This concept isn't just about crime though, it's really about how our minds work

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on a fundamental level. If you keep thinking about feeding the same idea to

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your subconscious over and over, it really starts to take it seriously.

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with enough repetition, your subconscious begins to work on making that idea a reality,

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finding the most straightforward way to bring it into the physical world.

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Likes attract likes.

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you start doing the kinds of things that wealthy people do.

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It's a powerful reminder of how our environment and the ideas we expose ourselves

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to can shape our actions, almost without us noticing.

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It's like planting a seed in a garden.

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Imagine your thoughts about trading stocks are a little like traders in your own

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mind's stock market. When these thoughts get emotionalized,

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let's say pumped full of adrenaline,

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00:08:20,125 --> 00:08:23,878 or what I'm going to call desire, they suddenly get the green light to

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start trading in the real world. It's as if your thoughts,

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now jacked on these emotional steroids,

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are hitting the trading floor with more zest than a Wall Street broker on

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Your thoughts turn into actions. Your thoughts and how you manage them should

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be more exciting than your trades and how you manage them.

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If you can't get control over your thoughts, how the hell are you going

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to get control over your trading? So start with your thoughts.

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Stop as often as you can during the day and ask yourself,

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wait a minute, what was I just thinking about?

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What was I just saying to myself? Then,

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and as the observer,

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as the manager, as the boss of your mind,

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ask, what's an even more powerful way to think?

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And then replace the less effective thought with something more powerful.

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You'll be surprised at how often we are all running on autopilot.

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I wasn't thinking about anything. I was just doing things habitually.

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We spend most of our time repeating the same thoughts that we learned as

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kids. We repeat the same things over and over until we believe they're true.

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Most of that stuff is automatic. Most of us live on complete autopilot.

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00:09:42,337 --> 00:09:44,899 We dry ourselves off after a shower in the same way.

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We brush our teeth in the same way. We drive to work in the

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have to think about anymore. And those beliefs will turn into actions.

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00:09:59,274 --> 00:10:01,365 The end. The actions will turn into results.

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So if you want different results, you need new beliefs.

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And if you want new beliefs, you need new thoughts.

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Thoughts and faith kind of go hand in hand for Napoleon Hill.

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00:10:11,897 --> 00:10:15,820 And I like it. Because imagine your mind is a closet.

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It's filled with clothes that don't fit anymore.

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Clear them out. Put them in a pile.

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Go through each one. Say, does this fit me?

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Does this serve me? And if it doesn't,

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express gratitude to it and let it go.

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Replace it with something that fits the new you.

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A great man once said, as a child,

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we are many people. As an adult,

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00:10:41,232 --> 00:10:44,826 We've become the adults we are through the thoughts that we allow to live

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rent-free, and they come and go as they please.

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And most of the time, there's no property manager.

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they actually pay us rent. They pay us debt.

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return. It just keeps paying us after the initial investment.

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That's how I feel about thoughts. And negative thoughts,

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ones that don't serve us, well, they charge us rent.

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And we all know that feeling. Now here's where it gets juicy.

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intuition, and sometimes sheer bravado can turn the tides,

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mixing any thought with these powerhouse emotions gives us a sort of supercharge.

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It's like having a secret algo that knows when to buy low and sell

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00:11:36,542 --> 00:11:40,203 high. But it's an algo for your subconscious,

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00:11:40,204 --> 00:11:42,475 and you get to program it any way that you want.

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And wait, there's more. It's not just the feel-good vibes that get VIP access

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the negative nancies of emotions can crash the party too.

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That means any thought, drenched in fear of losing out.

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Hello, FOMO. Or the thrill of risk.

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Hello, over-leveraging yourself. Those can influence your subconscious

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mind just as much as the positive ones.

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It's like your mind is running its own hedge fund, taking positions on both

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We do this. We vacillate between massive success,

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And it's the trading account that does it. These little numbers flashing on our

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suddenly swings our self-confidence in both directions.

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That's a recipe for disaster. A mind opposed to itself can never succeed.

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This is why sometimes traders, and let's face it,

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all humans in general, experience what feels like a string of bad luck or

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misfortune in the markets. It's not always the market being unpredictable,

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it's our own subconscious playing day trader with our emotions,

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sometimes going long on doom and gloom when we least expect it.

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We make a small mistake in our trading account, things get a little bit

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it gets worse and worse and worse until we finally close it,

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but it was really just one small mistake that led there,

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and that can cascade into multiple losses and a free fall of our self-confidence.

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So what's the moral of the story? Be careful what you emotionalize and mix

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00:13:20,194 --> 00:13:24,728 Whether you're bullish on positivity or you're shorting your chances with

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negativity, your subconscious is ready to execute those trades without hesitation.

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It's the ultimate inside trader, it's living rent-free in your head.

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00:13:33,578 --> 00:13:37,000 What we think about most, even subconsciously,

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starts to guide our entire lives.

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00:13:40,323 --> 00:13:44,456 Small decisions every day, most of the small decisions we make every day are

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00:13:44,457 --> 00:13:47,920 things that we don't even think about. Write the routine that you follow every

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00:13:47,921 --> 00:13:52,024 single morning after you wake up. It's generally the same and we generally do

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00:13:52,025 --> 00:13:55,748 those things without even thinking about it. I would bet that most of us

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probably reach for the phone and start scrolling.

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Most of us do. That's just habitual.

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It's not because you want to, it's just because you've done it so much

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you just keep doing it. Most of the decisions that traders make

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are exactly the same way.

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They're just habitual. They're not controlling what they do.

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They're letting their habitual behaviors control what they do.

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Imagine there's a group of traders out there who've convinced themselves they're just not

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cut out for the high-stakes world of trading.

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They're certain some mystical market force is conspiring against them,

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dooming them to a portfolio of perpetually plummeting P&Ls.

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Essentially, they've convinced themselves they're doing destined to be the bear market's

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00:14:41,586 --> 00:14:45,589 lunch. Guess what? Their subconscious mind is all too willing to play along with

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00:14:45,590 --> 00:14:50,254 that, executing trades that turn that bleak outlook into a self-fulfilling

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prophecy. You're not bad at trading because of the strategy you're trading.

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You're bad at trading if your thoughts lead you to that.

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00:15:00,063 --> 00:15:04,717 You have to raise your standards for your thoughts and then your thoughts will

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make you raise your standards for your actions and that will lead to well,

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rising results. Now here's a pro tip straight from the trading floor of personal

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00:15:14,427 --> 00:15:17,530 development. You can actually tip the scales in your favor by,

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well, I guess there's no better way to put it.

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Whispering sweet nothings of success and wealth into the eager ear of your subconscious.

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Get over the fact that it sounds weird. It's either going to work or

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it's not going to work. And the minute you stop worrying about what anybody

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00:15:32,416 --> 00:15:35,158 thinks of you, or the old you thinks about the new you,

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the faster you can start getting better results. Think of it like placing an

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order for your desired portfolio outcome with the expectation

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00:15:43,819 --> 00:15:48,563 that it will be filled. Your brief acts as the broker between your conscious

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00:15:48,564 --> 00:15:52,266 desires and your subconscious execution strategy.

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The catch? Your subconscious doesn't care if the order looks risky or outright bonkers.

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If you believe it, your subconscious is ready to trade you.

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00:16:00,067 --> 00:16:04,150 Trade on that belief with the precision of a high frequency trading algorithm.

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This is the perfect moment to let you in on a little

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insider trading secret. You can totally trick your subconscious into executing your most

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bullish strategies, not just in trading in all of your life.

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00:16:17,965 --> 00:16:20,245 It's like telling your subconscious, listen.

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00:16:20,246 --> 00:16:23,278 We're going long on prosperity and we're shorting all doubts,

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and the wild part, it actually listens.

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It's like convincing your subconscious that every day is a bull market for happiness

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and success. You might not believe it at first,

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but as I say a lot of times, amazing traders just do

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really ordinary things. For an amazing length of time.

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00:16:41,647 --> 00:16:46,150 And it's not just things like pressing the right button and

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putting the right squiggly lines on your charts.

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It starts on the inside. So remember,

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in the stock exchange of life, your belief is your most powerful

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asset or your most detrimental liability.

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00:17:00,066 --> 00:17:05,000 That's wild, right? The question

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is, are you going to be the master of market sentiment in your own

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00:17:07,724 --> 00:17:11,587 mind? Or you let the unfounded fears of short circuit,

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short circuit, your, oh boy, there we go.

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Well, I've got to repeat that. I'm not even going to edit this,

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everybody. All right. Here we go. Will you be the master of market sentiment

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00:17:23,649 --> 00:17:28,172 in your own mind, or will you let unfounded fears short circuit your success?

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The choice, as always, is yours.

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Think of it like this. You're not just a trader in the market of

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00:17:35,180 --> 00:17:37,201 stocks, but also in the market of life.

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And here's a strategy that might just be your ticket to the moon.

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00:17:40,427 --> 00:17:43,398 Act as if you've already clinched the deal of a lifetime.

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00:17:43,399 --> 00:17:47,362 Picture yourself walking and talking like the success story that you aim to be.

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00:17:47,363 --> 00:17:50,485 Portfolio bulging with winning trades.

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This isn't just playing make-believe. It's setting the stage for your subconscious to make

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your acted-out reality the real deal. Every billionaire started as not a billionaire.

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00:18:01,703 --> 00:18:06,213 Everybody has to start from somewhere. Everyone has to start not being what

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00:18:06,214 --> 00:18:10,738 they want to become. And there isn't a magic formula that

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goes to the point faster than controlling your thoughts.

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Your subconscious, that diligent broker working tirelessly behind the scenes,

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it doesn't just, take orders at face value.

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It needs to feel confidence behind them.

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Like, you're not just hoping for a bull run,

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you're expecting it. When you place your order with the universe filled with belief

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and backed by the full faith of your mental assets,

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your subconscious gets to work, using whatever means to execute that trade.

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00:18:39,357 --> 00:18:42,868 This is isn't about overnight success, it's not about getting rich by merely thinking

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about it. Just as you can't expect to become a market mogul by reading

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00:18:45,952 --> 00:18:50,616 a single book on trading, mastering the art of mixing faith with your

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mental orders requires practice, and lots of it.

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It's about conditioning your mind through repeated positive self-suggestion and turning those practices

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00:18:59,305 --> 00:19:03,518 into habits. If negative associations can drag you down into a bear market of

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00:19:03,519 --> 00:19:07,222 despair, and we're all familiar with how depression breeds depression,

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00:19:07,223 --> 00:19:10,806 and how going down the rabbit hole of negativity,

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we all know that, right? If you have a kid, and your kid's upset

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00:19:13,990 --> 00:19:16,531 and complaining and whatever, you know what that's going to lead to,

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right? If your kid keeps saying, I'm going to fail the test,

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I'm going to fail the test, I'm no good. I'm no good. We all

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know that. We've spoken to our kids about that. We know that's true.

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Why wouldn't it be true for us also? And why wouldn't it also be

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true that positive associations can lift you into a bull market of faith and

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prosperity? It's about creating an environment in your mind that's so bullish on positive

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00:19:36,823 --> 00:19:40,147 emotions that faith becomes the default state.

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00:19:40,148 --> 00:19:44,662 A mind rigged in this way becomes the perfect habitat for faith to flourish,

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capable of giving orders to your subconscious that'll execute without question,

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turning your hopeful investments into tangible dividends.

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Remember, the most successful traders are those who not only read the market but

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actively shape the market with their minds. Cultivating

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00:20:03,607 --> 00:20:08,171 a mindset dominated by positive emotions and unwavering faith is like investing in the

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00:20:08,172 --> 00:20:12,096 best stocks. It sets you up for the highest returns both in trading and

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in life. Once again,

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when you cultivate a mindset, you create a garden in your mind

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and you cultivate it and you care for it and you put a gate

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00:20:21,757 --> 00:20:26,280 around it. You guard the gateway to your mind and you have unwavering

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faith in yourself. It sets you up for high returns.

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Faith is a state of mind which may be induced by auto-suggestion.

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That's Napoleon Hill's word. Now throughout history,

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folks have been told to keep the faith in various beliefs and systems.

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Almost like being advised to invest in a highly volatile stock without being shown

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how to read the market. The big miss here is not letting people in

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on the secret that faith isn't just something you're born with.

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It's not something you stumble upon. It's a skill you can develop akin to

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00:20:59,145 --> 00:21:02,196 being a savvy investor. Through deliberate practice and study.

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So let's break it down into plain talk. Something even a rookie trader can

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00:21:06,001 --> 00:21:08,502 grasp. We're diving into the mechanics of faith.

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Not some mystical untouchable artifact.

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But as a state of mind you can cultivate through what's essentially self-suggestion.

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Think of it as programming your own trading algorithm to work.

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00:21:20,103 --> 00:21:22,384 In your favor. First things first.

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Believe in yourself and the vast infinite market of possibilities out there.

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Before we get into the nitty-gritty remember this. Faith is like the market's magic

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potion. Infusing every thought with vitality and purpose.

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Turning the ordinary into the extraordinary.

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Imagine reading that line over and over letting it sink in.

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It's not just motivational fluff. It's your pre-market mantra.

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Faith is like the market's magic potion.

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It turns the ordinary into the extraordinary. And what do I mean by that?

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The preparation that you do before your trading day.

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The meticulous detailing of what worked and didn't work in your last trade.

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00:22:00,106 --> 00:22:02,347 Sounds boring, but for some it's exciting.

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For some, they jump at the chance to look at their results and improve.

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Faith kickstarts the journey to wealth. It's the foundation.

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It's the seed capital, if you will, for every venture you undertake.

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It's the underlying force behind every miracle,

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every unexpected event.

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00:22:21,399 --> 00:22:25,118 It defies the cold, hard logic of financial analysts.

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00:22:25,119 --> 00:22:28,622 You're not supposed to be able to succeed at trading.

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But faith is the underlying force that leads you to do it and do

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00:22:33,568 --> 00:22:35,950 it with confidence anyway. Now,

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if you have a problem with failure, well, faith is your ultimate hedge against

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00:22:39,775 --> 00:22:42,927 it. It's the stop-loss order protecting your ventures from crashing.

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If you have faith, you will, first of all,

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understand that you're destined for success despite the setbacks.

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00:22:50,395 --> 00:22:53,277 And because you know you're destined for success and the more that you believe

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00:22:53,278 --> 00:22:55,860 it, your setbacks will become smaller and smaller and smaller.

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You'll protect yourself because you know you're worth it. Now,

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if you mix faith and faith with a bit of prayer or positive affirmation

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00:23:03,120 --> 00:23:07,924 for the less religiously inclined, then you've got a direct line to infinite

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intelligence. It's like having a hotline to the most insightful market guru who

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ever lived. What does that mean? It means if you spend the time to

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consistently review the trades that you've taken and document the ones that you do

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00:23:19,817 --> 00:23:22,735 take. And detail what went right and went wrong,

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you're tapping into some kind of infinite intelligence which down the line,

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30, 40, 50 trades from now, there'll be a voice in your head that

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00:23:30,256 --> 00:23:33,515 says, don't take that one. Or a voice in the ear says,

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that looks like a good one. All it is,

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is repeated performance and market memory.

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00:23:41,255 --> 00:23:46,241 Faith transforms your every thought from a mere whisper into the vastness

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00:23:46,242 --> 00:23:50,505 of your mind and then turns that into a powerful force with real world

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impact. It's the secret sauce. It's the exclusive strategy that allows humans to

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00:23:55,271 --> 00:23:57,392 tap into the cosmic wisdom of the market,

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leveraging the universe's own intelligence.

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Each point here, it's not some lofty claim.

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00:24:04,969 --> 00:24:08,612 This is a proven strategy. It's backed by evidence and it's ready to be

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leveraged for your benefit. Take it or leave it.

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00:24:10,735 --> 00:24:12,816 So as you step into the trading day,

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remember that developing faith in yourself and your strategies is akin to refining your

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00:24:17,382 --> 00:24:20,368 market analysis skills. It's essential.

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00:24:20,369 --> 00:24:22,545 It's transformative. And yes,

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it's entirely within your control. Here's a straight way forward,

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00:24:27,310 --> 00:24:29,813

excuse me, straight way forward,

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00:24:29,833 --> 00:24:33,076

that's not a bad way to say it. Here's a straight forward way to

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look at it. The secret ingredient to becoming who you want to be is

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00:24:37,460 --> 00:24:39,783

all about the power of self-suggestion.

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00:24:40,023 --> 00:24:43,166

Or as traders might call it, market psychology for the soul.

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It's about focusing your attention on how you talk to yourself,

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what you tell yourself day in and day out, and controlling what you tell

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yourself, and understanding the kinds of returns that you can expect from such investments

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00:24:55,779 --> 00:24:59,042

in your mindset. It's widely acknowledged in trading floors,

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psychology, and psychology labs alike, that you eventually buy into whatever you repeatedly

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00:25:03,680 --> 00:25:06,381 sell yourself. True or not? Remember this,

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you're constantly selling to yourself. Your automatic mind is selling to you thoughts,

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ideas, even conclusions. Even as you listen to this,

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your mind might wander and say, oh my gosh,

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00:25:15,912 --> 00:25:17,973 I've got to get these things. I've got to go to Target today. I've

416

00:25:17,974 --> 00:25:20,365 got to do this. I've got to do this. I should do this.

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00:25:20,366 --> 00:25:25,029 All these shoulds, all these built up habitual behaviors that you've sold

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00:25:25,030 --> 00:25:27,612 yourself and now you don't, you don't even question them.

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For example, someone cuts you off, your mind offers this idea for sale.

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Chase after them. Honk them. Honk at them.

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Honk them. That's a great phrase.

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00:25:37,162 --> 00:25:40,233 Just honk, honk everybody. Flip them off.

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00:25:40,234 --> 00:25:44,297 But when you control your thoughts, you say, no thank you mind,

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what other reactions do you have for me? By stopping,

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slowing down, and controlling what you think instead of habitually thinking

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00:25:53,828 --> 00:25:58,411 what your mind sells to you, you take back control over your whole life.

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Your mind might say, well, we also have forgiveness,

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but it's in the back. We're not even sure if we have it anymore.

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00:26:04,529 --> 00:26:06,570 I can go look if you want.

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It might take a moment. And you say,

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00:26:09,432 --> 00:26:13,376

sure, that sounds good. And then you start selling yourself a different way of

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thinking. Or you have a losing trade.

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00:26:16,259 --> 00:26:21,049

You break your rules. Your mind tries to sell you this conclusion.

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00:26:21,050 --> 00:26:23,495 You keep making the same mistakes, you dummy.

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00:26:24,436 --> 00:26:27,279

Maybe you shouldn't be a trader. It's automatic.

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00:26:27,839 --> 00:26:30,582

It happens without even having to call up that thought. And it happens in

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such a way that you don't even hear the words. You just feel the

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feeling. But you can pause.

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You can say, all right, I had a losing trade.

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00:26:40,455 --> 00:26:43,187 What other thoughts do you have, Mr.

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00:26:43,188 --> 00:26:46,851 Mind, Mrs. Mind? And your mind comes back and says,

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00:26:47,131 --> 00:26:49,433

well, you know what? We keep breaking our rules. That's so,

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00:26:49,453 --> 00:26:52,697

so I, I only was being doubtful and stuff because we keep breaking our

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00:26:52,698 --> 00:26:56,180 rules. Here, over here in the automatic version,

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00:26:56,200 --> 00:26:59,784

you know, the automatic part of your mind, the lizard brain that just instills

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that instinctively keeps acting. We just keep doing the same dumb things back here

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00:27:03,538 --> 00:27:06,260

and you just don't ever stop us, so we just keep doing them.

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00:27:07,321 --> 00:27:09,544

But we do have some self-control in the back.

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Would you like me to go look for it? It might take a moment.

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Yes, you say. Your mind comes back and says,

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00:27:16,050 --> 00:27:19,614

well, it turns out we've got some self-control in the back and it's actually

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00:27:19,674 --> 00:27:22,005

free. I didn't even know that. No one even comes.

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00:27:22,285 --> 00:27:25,589

You've never come back here and asked for it. So you say.

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00:27:26,530 --> 00:27:29,072

What's included with self-control? And your mind answers,

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00:27:29,573 --> 00:27:32,556

well, it looks like it includes uhm taking a break from trading for a

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00:27:32,576 --> 00:27:36,079

bit to really think through this. It also looks like it includes a lower

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00:27:36,119 --> 00:27:39,703

trade size. It also includes asking a friend to log into your account once

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00:27:39,704 --> 00:27:42,156 a day to close any open trades that you're refusing to close.

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Oh, it also looks like, and this is amazing, that if you go with

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00:27:45,621 --> 00:27:50,184 self-control today, back here we've been instructed to actually pay you to take it

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00:27:50,185 --> 00:27:54,809 off our hands. Self-control over your thoughts comes before any

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00:27:54,869 --> 00:27:58,192

kind of success. And if it sounds like you were just talking to yourself,

463

00:27:58,533 --> 00:28:00,844

there really are two ways different minds.

464

00:28:01,505 --> 00:28:04,528

There's the automatic mind that you don't even have to think about and it's

465

00:28:04,529 --> 00:28:07,310 running on its own and it kind of takes on a different character of

466

00:28:07,330 --> 00:28:09,973

its own. And then there's your conscious mind,

467

00:28:09,974 --> 00:28:14,738 the prefrontal cortex, the mind that's aware of the deeper mind.

468

00:28:15,799 --> 00:28:17,981

You use the front part of your brain, as I like to say,

469

00:28:18,862 --> 00:28:21,255

to dictate what the back part of your brain does.

470

00:28:22,356 --> 00:28:24,839

That's how success breeds success.

471

00:28:24,859 --> 00:28:29,423

That's how successful thinking rewires your automatic brain so that

472

00:28:29,424 --> 00:28:33,167 the good actions, the positive stuff, it starts to happen automatically.

473

00:28:34,428 --> 00:28:37,131

Say you start circulating the rumor in your head that you're a top trader,

474

00:28:37,512 --> 00:28:41,706

even if your portfolio is more beginner's luck than Buffett-esque at the moment.

475

00:28:42,306 --> 00:28:45,950

If you keep at it, you keep reinforcing that belief with conviction and a

476

00:28:45,970 --> 00:28:48,452

dash of emotion, like excitement or passion.

477

00:28:49,193 --> 00:28:51,636

Like I said, passion and excitement about the details,

478

00:28:51,637 --> 00:28:54,398 about the boring work, that's what's going to get you success.

479

00:28:55,159 --> 00:28:58,402

And then you'll start acting on the part. It's like convincing yourself a stock

480

00:28:58,422 --> 00:29:00,474

is a sure bet based on your analysis.

481

00:29:00,475 --> 00:29:03,737 You'll start seeing evidence to support this belief everywhere.

482

00:29:03,738 --> 00:29:06,860 Now while that doesn't, confirmation bias is what that's called,

483

00:29:07,161 --> 00:29:10,284

that's not necessarily a recipe for success in every other area of your life.

484

00:29:11,025 --> 00:29:13,728

If you convince yourself that you deserve to be wealthy,

485

00:29:14,228 --> 00:29:17,111

that you came packaged with everything it takes to succeed,

486

00:29:17,812 --> 00:29:20,025

you will start proving to yourself that that's true.

487

00:29:20,026 --> 00:29:22,447 Your mind wants to prove yourself right.

488

00:29:23,108 --> 00:29:27,633

The principle's not just fluff, it's as tangible as the dollars and cents in

489

00:29:27,634 --> 00:29:30,576 your bank account. If you embed a thought in your mind,

490

00:29:30,716 --> 00:29:33,919

nurture it with a bit of emotional investment, and give it room to grow,

491

00:29:33,959 --> 00:29:37,563

it'll start directing how you act, down to the last trade you make,

492

00:29:38,123 --> 00:29:40,503

or the risks you decide to take.

493

00:29:40,504 --> 00:29:42,890 Or not take. In essence,

494

00:29:43,331 --> 00:29:46,074

what we're dealing with here is the foundation of your personal narrative.

495

00:29:46,594 --> 00:29:49,697

The story you're going to rewrite to tell yourself about who you are,

496

00:29:50,198 --> 00:29:52,340

and what you're capable of achieving in the market of life.

497

00:29:52,961 --> 00:29:55,784

Whether you're feeding yourself truths, or tall tales,

498

00:29:56,585 --> 00:30:00,667

your mind's going to adapt to that. It will shape the reality of your

499

00:30:00,687 --> 00:30:03,189

life to fit the script that you have been rehearsing.

500

00:30:03,890 --> 00:30:06,713

You're not going to talk negatively about yourself all day long,

501

00:30:07,013 --> 00:30:09,255

and then just stumble into great trades.

502

00:30:09,435 --> 00:30:11,878

You won't even want to do the homework you need to do. You won't

503

00:30:11,858 --> 00:30:13,960

even want to do the detailing of the trades you need to do,

504

00:30:13,980 --> 00:30:16,262

because you've, in the back of your mind, you've already given up on it.

505

00:30:16,683 --> 00:30:19,706

So switch the narrative. In the back of your mind,

506

00:30:19,726 --> 00:30:22,097

you're never your mind, you deserve to be successful. In the back of your

507

00:30:22,077 --> 00:30:24,219

mind, homework is fun. The takeaway?

508

00:30:24,880 --> 00:30:27,002

Be mindful of the self-talk you're engaging in,

509

00:30:27,323 --> 00:30:31,487

especially if it's on repeat. Just like in trading where your strategy and mindset

510

00:30:31,507 --> 00:30:33,889

can mean the difference between a portfolio in the green and one in the

511

00:30:33,890 --> 00:30:38,474 red, the thoughts you commit to can significantly influence

512

00:30:38,494 --> 00:30:43,188

your life's outcomes. It's about programming your internal algorithm to execute trades

513

00:30:43,189 --> 00:30:45,310 on optimism, resilience, and self-belief,

514

00:30:45,311 --> 00:30:48,714 transforming your mindset into your most valuable asset.

515

00:30:48,715 --> 00:30:52,998 Indicators on your charts tell you a little bit of a story about where

516

00:30:52,999 --> 00:30:56,321 things have been and where things might go and what the trend is.

517

00:30:56,902 --> 00:30:59,104

The indicators of your mind are similar.

518

00:30:59,124 --> 00:31:02,818

Instead of a mirror image you have average that's a average of all the

519

00:31:02,838 --> 00:31:07,062

prices. You have a moving average of positivity or negativity and it's either moving

520

00:31:07,082 --> 00:31:09,785

in an upward bullish pattern or a downward pattern.

521

00:31:09,786 --> 00:31:14,509 Your life is on a trajectory that's longer than just

522

00:31:14,510 --> 00:31:18,894

today. So a good thing or bad thing that happens today doesn't dictate everything.

523

00:31:19,194 --> 00:31:23,366

There's a long period of there's a 200 period moving average of the experiences

524

00:31:23,367 --> 00:31:27,106 in your life and so you might have a flash crash of doubt.

525

00:31:27,486 --> 00:31:30,306

You might have a flash crash of negativity in your life pop up that

526

00:31:30,307 --> 00:31:33,926 you didn't control but the overall trend can remain up.

527

00:31:34,306 --> 00:31:38,986

It's about compounding success in the same way

528

00:31:38,987 --> 00:31:43,179 that you could compound interest or reinvest dividends.

529

00:31:44,360 --> 00:31:48,565

Your thoughts when jazzed up with emotion become like supercharged magnets in the vast

530

00:31:48,745 --> 00:31:53,209

cosmic marketplace of the ether. Imagine every thought you have as a little trader

531

00:31:53,470 --> 00:31:55,612

hustling around with a briefcase full of emotions.

532

00:31:56,633 --> 00:32:00,336

Nobody uses a briefcase anymore. Let's say fanny pack full of emotions.

533

00:32:00,337 --> 00:32:03,569 You know, shoulder fanny pack, because I guess you're not supposed to wear it

534

00:32:03,570 --> 00:32:07,453 around your waist. Anyway, when these thoughts in your fanny pack,

535

00:32:07,454 --> 00:32:09,956

your Gucci fanny pack of positivity,

536

00:32:10,497 --> 00:32:14,040

when those thoughts are emotionally charged, they become like the seeds you chuck into

537

00:32:14,041 --> 00:32:16,903 the garden of the universe. Maybe you don't expect much,

538

00:32:17,324 --> 00:32:21,377

but then boom, they start sprouting, growing, and suddenly you're running a thought farm,

539

00:32:21,898 --> 00:32:26,202

harvesting millions of the same vibe, and if it doesn't lead you to become

540

00:32:26,322 --> 00:32:29,806

a successful trader for some reason, your life is still going to be better

541

00:32:29,846 --> 00:32:32,528

anyway. Being positive pays dividends,

542

00:32:32,949 --> 00:32:35,431

whether or not it leads to immediate results,

543

00:32:35,471 --> 00:32:39,836

and often it doesn't. We have a lifetime of negativity back there that's been

544

00:32:40,125 --> 00:32:43,428

ruling us for so long. It's not going to be reversed immediately,

545

00:32:43,448 --> 00:32:46,832

necessarily. You need to compound success and positivity.

546

00:32:47,613 --> 00:32:51,797

As I like to call it, you need to flood your mind with positivity.

547

00:32:53,158 --> 00:32:56,341

Watch what you let into your mind. Watch what you let into your ears.

548

00:32:56,722 --> 00:32:59,064

Be vigilant about what you let in through your eyes.

549

00:32:59,044 --> 00:33:03,581

The more positive it is, the more you flood your mind with positivity,

550

00:33:03,961 --> 00:33:07,184

the more your mind will be trained to think of the world as a

551

00:33:07,204 --> 00:33:09,406

place that wants to reward you.

552

00:33:09,907 --> 00:33:13,230

Your mind, like a savvy investor, is always tuning into these vibes,

553

00:33:14,392 --> 00:33:17,695

pulling in whatever matches its current mood or outlook.

554

00:33:17,955 --> 00:33:20,351

Hold on to a thought or feeling strongly enough,

555

00:33:20,352 --> 00:33:23,519 your mind starts to attract similar vibes from the cosmic network,

556

00:33:24,560 --> 00:33:27,203

adding them to your mental portfolio.

557

00:33:27,204 --> 00:33:30,386 And before you know it, this thought has compounded,

558

00:33:30,387 --> 00:33:33,750 growing in influence and becoming the CEO of your mental operations,

559

00:33:33,751 --> 00:33:37,734 steering your actions, decisions, and ultimately your life's direction.

560

00:33:38,474 --> 00:33:41,638

Most of us don't have a CEO. You don't have the automatic brain.

561

00:33:41,978 --> 00:33:45,662

That thing is back there running like a company with no managers.

562

00:33:46,002 --> 00:33:49,165

Everybody's running around, smoking cigarettes in the back room,

563

00:33:49,586 --> 00:33:52,869

playing craps on the floor of the warehouse. I mean like it's a wild,

564

00:33:53,109 --> 00:33:58,074

wild place. But one day you walk in and you introduce the new CEO.

565

00:33:58,715 --> 00:34:00,886

And it's like the joy. John Wayne,

566

00:34:01,186 --> 00:34:05,050

Anna Wintour, badass boss that doesn't tolerate any BS.

567

00:34:05,811 --> 00:34:07,933

You finally take control of that group.

568

00:34:07,934 --> 00:34:10,596 Things get cleaned up in there in a hurry.

569

00:34:10,597 --> 00:34:13,498 So be mindful of what you're mentally subscribing to.

570

00:34:14,059 --> 00:34:18,023

Just like we meant we subscribe to email newsletters and podcasts and whatever else.

571

00:34:18,664 --> 00:34:21,597

We've also subscribed to a system. It's a set of thoughts that are automatic

572

00:34:21,617 --> 00:34:26,281

every day. Just as you diversify your portfolio to manage risk and attract wealth,

573

00:34:26,862 --> 00:34:28,984

diversify your thoughts with positivity,

574

00:34:29,084 --> 00:34:31,427

ambition, and resilience. Not necessarily,

575

00:34:31,647 --> 00:34:36,272

well I was going to say reality, but sometimes to be successful you kind

576

00:34:36,292 --> 00:34:40,432

of got to believe in something that doesn't necessarily appear to be true.

577

00:34:40,433 --> 00:34:45,122 So, manage those thoughts wisely and you might just find yourself

578

00:34:45,162 --> 00:34:47,244

on the bullish side of life's ledger.

579

00:34:48,105 --> 00:34:52,049

Here's the deal in straightforward terms. The genesis of any grand plan,

580

00:34:52,050 --> 00:34:55,673 be an investment strategy, a career move, a personal growth goal,

581

00:34:56,194 --> 00:35:00,066

begins with a simple act. Repetition.

582

00:35:00,067 --> 00:35:03,920 It's like setting up a recurring buy order for a stock or reinvesting your

583

00:35:03,900 --> 00:35:07,884

dividends or earning interest on interest on interest on interest.

584

00:35:10,446 --> 00:35:14,971

By writing down your main goal, or your north star of your

585

00:35:14,991 --> 00:35:18,535

life, and memorizing it, and reciting it aloud daily,

586

00:35:18,555 --> 00:35:23,328

you're essentially placing it placing buy orders for your desired

587

00:35:23,329 --> 00:35:27,993 future, over and over, until your subconscious mind starts executing these orders

588

00:35:28,013 --> 00:35:30,836

on your behalf. It's like a small trade at first,

589

00:35:31,036 --> 00:35:33,438

starts to move in your direction, and you add a little bit to it.

590

00:35:33,899 --> 00:35:35,881

You have a little bit of a setback, and you say, I'm bullish on

591

00:35:35,901 --> 00:35:39,504

myself, I'm going to go ahead and buy some more. And you keep adding

592

00:35:39,485 --> 00:35:42,357

to that position. Until it just snowballs into a giant position.

593

00:35:42,337 --> 00:35:45,220

Have you ever met somebody so comfortable in their own skin,

594

00:35:45,521 --> 00:35:48,363

and so sure and confident about what their life's mission is,

595

00:35:48,964 --> 00:35:53,048

that you just admire them, even if you don't agree with them about everything?

596

00:35:54,149 --> 00:35:58,333

That's charisma. Charisma leads to people following you.

597

00:35:59,094 --> 00:36:03,237

When you have given yourself permission to like yourself,

598

00:36:03,677 --> 00:36:06,841

to love yourself, to value yourself, to know that you deserve wealth,

599

00:36:07,281 --> 00:36:09,824

you will be charismatic to yourself.

600

00:36:11,245 --> 00:36:13,948

That's how the automatic mind gets reprogrammed.

601

00:36:14,228 --> 00:36:18,473

Now the biggest hurdle you might find? A significant short position in self-confidence to

602

00:36:18,474 --> 00:36:22,608 start with. But here's the good news. Just as the market's sentiment can shift

603

00:36:22,609 --> 00:36:27,233 from fear to greed, you can transform your own outlook from timidity to

604

00:36:27,253 --> 00:36:31,818

courage with a strategic investment in auto-suggestion repeated often.

605

00:36:31,819 --> 00:36:36,382 Implementing this strategy doesn't require complex algorithms or

606

00:36:36,402 --> 00:36:40,298

the latest computer or the latest VR headset or even insider knowledge.

607

00:36:40,299 --> 00:36:43,872 It's about crafting a portfolio of positive affirmations,

608

00:36:43,932 --> 00:36:48,356

committing them to your mental ledger, and then reinforcing these investments through daily repetition.

609

00:36:49,137 --> 00:36:52,540

Now, as a side note, if you want to follow up on what we're

610

00:36:52,541 --> 00:36:55,203

talking about here, when we're done here today,

611

00:36:55,604 --> 00:36:58,667

Google Scott Adams There's a PDF,

612

00:36:58,687 --> 00:37:02,621

there's a free, uh, PDF. Essay that he wrote about affirmations,

613

00:37:02,641 --> 00:37:06,064

and they changed his life. He's a creator of the Dilbert comic.

614

00:37:07,065 --> 00:37:09,267

He could be a disagreeable person in real life,

615

00:37:09,268 --> 00:37:12,871 but I don't feel the need to excuse him or defend him or even

616

00:37:13,011 --> 00:37:15,313

like him. What he talked about worked.

617

00:37:16,374 --> 00:37:18,557

Plain and simple. I read that essay years ago,

618

00:37:18,577 --> 00:37:22,990

and it changed my life in such a way that it almost feels,

619

00:37:23,791 --> 00:37:28,376

it almost feels impossible to look back and think about how effective

620

00:37:28,396 --> 00:37:30,898

something so simple was. We're often,

621

00:37:31,399 --> 00:37:34,081

as chronicled in the book, and this is all me,

622

00:37:34,202 --> 00:37:37,084

of course Napoleon Hill wasn't talking about Scott Adams or Dilbert,

623

00:37:37,505 --> 00:37:40,434

although that would be hilarious, um,

624

00:37:40,435 --> 00:37:43,172 in the book The Alchemist, if you've read that,

625

00:37:43,452 --> 00:37:47,096

we learn the lesson that the treasure that you have been searching for all

626

00:37:47,116 --> 00:37:50,780

along was right where you were standing at the beginning of the journey.

627

00:37:51,781 --> 00:37:55,404

So here are some affirmations. I am a careful risk manager.

628

00:37:56,105 --> 00:37:59,709

When a huge opportunity comes along, I bet small first and add to it

629

00:37:59,729 --> 00:38:03,752

as it comes. It proves itself. I know exactly when to stop trading.

630

00:38:04,412 --> 00:38:07,035

I'm the kind of trader who documents every trade I take,

631

00:38:07,616 --> 00:38:11,299

and I learn from them. And here are even more inspired,

632

00:38:11,580 --> 00:38:14,863

inspired, inspired, I'm making up all kinds of new words here.

633

00:38:14,864 --> 00:38:19,608 You know, this podcast is groundbreaking for its additions to the English

634

00:38:19,609 --> 00:38:22,420 language. In addition to these affirmations.

635

00:38:22,460 --> 00:38:26,064

Here we go. Here are some more affirmations inspired by,

636

00:38:26,084 --> 00:38:28,707

or if you want to say inspired by, Napoleon Hill.

637

00:38:29,467 --> 00:38:33,091

Firstly, I'm full aware I've got what it takes to hit my life's target

638

00:38:33,211 --> 00:38:35,293

ROI, return on intention.

639

00:38:35,914 --> 00:38:38,857

So I'm making an executive decision to commit to relentless,

640

00:38:39,177 --> 00:38:41,408

proactive moves. Towards that goal.

641

00:38:41,909 --> 00:38:46,633

I'm signing this contract with myself to stay on the grind no matter

642

00:38:46,654 --> 00:38:51,618

what. Secondly, I get that the stocks of thought I invest

643

00:38:51,599 --> 00:38:55,763

in most are the ones that'll pay dividends in real life,

644

00:38:56,223 --> 00:38:58,546

shaping my reality stock by stock,

645

00:38:58,547 --> 00:39:03,136 thought by thought. So I'm setting aside a solid 20 minutes a day each

646

00:39:03,137 --> 00:39:06,396 trading day to strategize about the mogul I'm morphing into,

647

00:39:07,096 --> 00:39:09,556

visualizing my future self in HD clarity.

648

00:39:10,116 --> 00:39:13,816

You might visualize yourself closing a trade that didn't go right exactly where you

649

00:39:13,817 --> 00:39:16,496 should. You might practice in the movie of your mind.

650

00:39:16,736 --> 00:39:20,168

You might even do this. You might even,

651

00:39:20,169 --> 00:39:24,673 picture yourself in the back of your mind. Watching from the balcony in

652

00:39:24,653 --> 00:39:28,296

a movie theater. Looking down in the movie theater to yourself.

653

00:39:29,137 --> 00:39:31,539

So the conscious mind, the guy in charge,

654

00:39:33,101 --> 00:39:35,213

the gal in charge is sitting in the balcony. And you're looking down at

655

00:39:35,214 --> 00:39:38,186 the automatic mind, it's you, and you're watching a movie.

656

00:39:38,727 --> 00:39:41,359

And in that movie you're watching a future trade.

657

00:39:42,340 --> 00:39:46,484

And you're watching you at a computer taking the trades.

658

00:39:47,686 --> 00:39:51,890

And the trade goes wrong and you close it out confidently and you and

659

00:39:51,910 --> 00:39:54,472

you and you pump your fist and you know you got a victory even

660

00:39:54,492 --> 00:39:58,356

though you closed a trade. There's something weird that happens here.

661

00:39:58,777 --> 00:40:01,408

By picturing it as a movie theater. And by picturing yourself,

662

00:40:01,629 --> 00:40:06,153

viewing yourself, viewing yourself, you start to reprogram the automatic mind.

663

00:40:06,534 --> 00:40:08,836

Because it's hard to, you don't know where the automatic mind is.

664

00:40:09,136 --> 00:40:13,941

And so you visualize this scenario to help you envision what

665

00:40:13,961 --> 00:40:16,904

that's like. You can reprogram so much in your life.

666

00:40:16,905 --> 00:40:20,037 You can actually watch yourself watching a movie.

667

00:40:20,038 --> 00:40:23,460 You watch on the movie screen of a bad situation where you over leveraged,

668

00:40:23,461 --> 00:40:25,823 you took too many trades, you didn't close your losing trade,

669

00:40:26,143 --> 00:40:29,206

and you watch it in black and white. And then the picture gets smaller

670

00:40:29,207 --> 00:40:33,270 and smaller and smaller and out of focus. And you watch yourself in the

671

00:40:33,290 --> 00:40:36,193

movie theater looking at the screen and you can't even see it anymore.

672

00:40:36,194 --> 00:40:40,226 And it's like, this movie sucks. And then it just disappears off the screen.

673

00:40:40,227 --> 00:40:44,571 And then, boom, in a burst of color and light and inspiring music,

674

00:40:45,271 --> 00:40:49,816

a full color movie of you actually doing that trade the right way pops

675

00:40:49,876 --> 00:40:53,059

on. A small trade at first. And it moves against you and it doesn't

676

00:40:53,060 --> 00:40:57,243 bother you. And there's a crescendo and you're watching this movie where you're sitting

677

00:40:57,263 --> 00:40:59,666

in the office you always dreamed of. You're sitting in the environment you've always

678

00:40:59,686 --> 00:41:02,377

wanted to be in. You're sitting with all the computer screens you ever wanted

679

00:41:02,618 --> 00:41:04,660

and you're watching it in full color, brilliant light.

680

00:41:04,900 --> 00:41:08,103

The music is inspiring and you add to that trade because you have plenty

681

00:41:08,104 --> 00:41:11,406 of margin left and you know that you've made a decision about a company

682

00:41:11,627 --> 00:41:15,070

that makes sense based on your strategy and you haven't hit your max loss

683

00:41:15,071 --> 00:41:18,513 yet and there's plenty of margin left and it starts to move in your

684

00:41:18,514 --> 00:41:21,589

favor and then it keeps going. And it keeps going and all of a

685

00:41:21,590 --> 00:41:25,312 sudden there's a giant flash move in your favor.

686

00:41:25,313 --> 00:41:27,354 The trade closes and you pump your fist.

687

00:41:27,355 --> 00:41:32,039 That's reprogramming your mind to learn

688

00:41:32,059 --> 00:41:37,825

that that's the real you. Alright

689

00:41:38,065 --> 00:41:40,217

so I do things like that all the time. It makes sense. It makes

690

00:41:40,197 --> 00:41:42,479

me seem weird and when I talk about it in this podcast,

691

00:41:42,920 --> 00:41:45,963

the reason I love doing this podcast is because you my friend and I,

692

00:41:46,503 --> 00:41:49,426

we want success more than we want to be viewed as cool.

693

00:41:50,788 --> 00:41:55,553

Isn't that kind of awesome? Behind all this power play

694

00:41:55,554 --> 00:41:59,837 strategy stuff of your mind is a universal law that's been giving the brainy

695

00:41:59,857 --> 00:42:02,308

asses. Critics and wisdom seekers, the slip ever since,

696

00:42:03,089 --> 00:42:05,872

well forever, they've slapped a label on it,

697

00:42:05,992 --> 00:42:08,054

auto-suggestion and called it a day and they said whatever,

698

00:42:08,055 --> 00:42:12,759 it's not for me. But we call that the front page

699

00:42:12,779 --> 00:42:15,142

headline. What other people say,

700

00:42:15,162 --> 00:42:17,705

oh that might work for you, but that's kind of weird. We call the

701

00:42:17,745 --> 00:42:20,137

most important thing we can do.

702

00:42:20,138 --> 00:42:22,860 The law is like the market itself.

703

00:42:23,440 --> 00:42:25,883

It's neutral, it's unbiased, it's incredibly efficient.

704

00:42:26,544 --> 00:42:30,568

Used wisely, it can skyrocket your stock in glow and success.

705

00:42:31,388 --> 00:42:33,430

Misused though, this power of affirmation,

706

00:42:34,251 --> 00:42:37,655

wow it's like making all the wrong bets guaranteed to tank your personal stock

707

00:42:37,656 --> 00:42:40,106 to junk status. Here's the ticker, the kicker.

708

00:42:40,107 --> 00:42:43,009 The ticker and the kicker. Wow, I'm making up so many words,

709

00:42:42,989 --> 00:42:47,033

this is fantastic. Those who find themselves on the losing end,

710

00:42:47,734 --> 00:42:49,796

bogged down in the quicksands of despair,

711

00:42:52,379 --> 00:42:56,984

poverty, regret. They've essentially shorted their futures

712

00:42:57,004 --> 00:43:01,001

through the negative leverage of auto-suggestion.

713

00:43:01,002 --> 00:43:06,123 Every thought, bullish or bearish, has this uncanny knack for manifesting

714

00:43:06,143 --> 00:43:10,828

into real-world outcomes. Much like how market sentiments can turn

715

00:43:10,848 --> 00:43:14,691

financial forecasts into reality. This isn't just metaphysical mumbo-jumbo,

716

00:43:14,712 --> 00:43:16,794

it's about understanding that the vibes we put out there,

717

00:43:17,354 --> 00:43:20,048

those mental investments that we make, tend to materialize.

718

00:43:20,049 --> 00:43:23,551 materialize for better or worse. And I'm going to add something here that I

719

00:43:23,552 --> 00:43:26,114

keep bringing up that Napoleon Hill didn't add into the book.

720

00:43:26,555 --> 00:43:28,977

What you're really doing is you're reprogramming the automatic brain.

721

00:43:29,177 --> 00:43:32,661

When you do all this, you're reprogramming this automatic brain.

722

00:43:33,341 --> 00:43:36,244

You might even say you're reprogramming your soul.

723

00:43:37,085 --> 00:43:39,307

Or your soul is reprogramming the automatic mind.

724

00:43:39,327 --> 00:43:42,379

You want the bottom line. You want and the mind to work together. The

725

00:43:42,359 --> 00:43:45,583

mind creates the strategy and the fingers push the buttons on the computer.

726

00:43:45,584 --> 00:43:48,326 So it starts with a thought and then it leads to physical action.

727

00:43:48,327 --> 00:43:50,768 And that leads to a result. What we're trying to do here is we're

728

00:43:50,788 --> 00:43:53,711

trying to use the best part of ourselves, the conscious brain,

729

00:43:54,132 --> 00:43:57,435

that can choose to be successful or not and is not the victim of

730

00:43:57,455 --> 00:44:00,166

circumstance regardless of where you find yourself.

731

00:44:00,167 --> 00:44:05,031 To then take action in accordance with the best version

732

00:44:05,171 --> 00:44:08,394

of ourselves. And pretty soon your automatic mind,

733

00:44:08,395 --> 00:44:11,157 the lizard brain, the human part of us that has the frailties and the

734

00:44:11,158 --> 00:44:13,499 weaknesses, but also the power of habit.

735

00:44:14,761 --> 00:44:17,864

We use that, we use our mind to reprogram our automatic brain and our

736

00:44:17,924 --> 00:44:20,739

automatic brain starts to take actions that we don't even have to think about

737

00:44:20,740 --> 00:44:23,842 anymore. So we never take a position size that's too big to begin with.

738

00:44:24,022 --> 00:44:28,026

It's automatic that we do the right thing. We don't panic when we have

739

00:44:28,027 --> 00:44:30,809 a trade that goes the wrong way because our automatic mind has given up

740

00:44:30,929 --> 00:44:35,614

on that less effective strategy. Think of the subconscious

741

00:44:35,634 --> 00:44:40,249

mind as the ultimate back office operation in the brokerage house of your being.

742

00:44:40,250 --> 00:44:42,431 It's the place where all your mental orders, buy,

743

00:44:42,471 --> 00:44:46,415

sell, fear, faith are processed without any regard to their market impact.

744

00:44:46,956 --> 00:44:50,680

This internal mechanism executes trades based on the inputs it receives.

745

00:44:51,140 --> 00:44:55,164

It's indifferent to whether they're going to tank your emotional economy or send your

746

00:44:55,184 --> 00:44:58,688

spirits soaring to all-time highs. Your automatic brain doesn't set goals,

747

00:44:59,048 --> 00:45:01,499

your automatic brain just executes on programming.

748

00:45:01,960 --> 00:45:06,284

Your automatic brain is a computer and the programming software that you have put

749

00:45:06,285 --> 00:45:10,689 into it executes automatically and it always follows those instructions.

750

00:45:11,670 --> 00:45:14,392

Most of the time we're getting the results from automatic stuff.

751

00:45:14,653 --> 00:45:17,836

We've just garbage in, garbage out.

752

00:45:18,196 --> 00:45:22,571

The subconscious doesn't play favorites by default. Between your goals and failure and success

753

00:45:22,592 --> 00:45:26,796

and bulls and bears of your thought patterns. If you feed your subconscious mind

754

00:45:26,797 --> 00:45:29,879 a steady diet of fear, it's going to go short on happiness.

755

00:45:30,239 --> 00:45:33,362

It's going to bet against your peace of mind and it will be ruthlessly

756

00:45:33,462 --> 00:45:38,007

efficient. Conversely, if you supply it with orders of courage and faith

757

00:45:38,067 --> 00:45:41,139

and watch it as it positions you for a bullfight. It's going in personal

758

00:45:41,159 --> 00:45:43,461

growth and fulfillment, amen.

759

00:45:43,462 --> 00:45:48,326 Medical legend and I guess

760

00:45:48,466 --> 00:45:53,131

medical document, the medical field is dotted with cautionary tales that underscore this

761

00:45:53,132 --> 00:45:56,494 principle. One such narrative revolves around Joseph Grant,

762

00:45:56,555 --> 00:46:01,094

says Napoleon Hill, a tale that reads like a tragedy penned by the poet.

763

00:46:01,095 --> 00:46:05,613 Caught in a dire financial scandal, Grant's mental state plummeted as he fixated on

764

00:46:05,593 --> 00:46:08,155

the catastrophic losses and the impending disgrace.

765

00:46:08,656 --> 00:46:13,962

His constant mental refrain of doom effectively became a self-fulfilling

766

00:46:14,202 --> 00:46:17,806

prophecy, leading to what was deemed a mental suicide.

767

00:46:19,087 --> 00:46:22,022

The story serves as a strong reminder of the power of suggestion and the

768

00:46:22,042 --> 00:46:26,226

role of our subconscious, that it plays in the realization of our deepest fears

769

00:46:26,767 --> 00:46:30,911

and in the realization of our highest hopes. Just as in the financial markets

770

00:46:30,912 --> 00:46:34,635 where sentiment can drive stock prices independent of fundamentals,

771

00:46:35,376 --> 00:46:40,169

our personal outcomes are often the result of the narratives we subscribe to.

772

00:46:40,170 --> 00:46:45,074 And the mental orders we place, even if they don't match up with reality.

773

00:46:45,075 --> 00:46:49,639 Take a trader who's learned a very very successful strategy that's consistent when

774

00:46:49,640 --> 00:46:52,281 applied normally, when applied consistently.

775

00:46:53,422 --> 00:46:56,786

Negativity will create self-sabotage.

776

00:46:56,787 --> 00:47:00,859 So regardless of whether the strategy was fundamentally good or not,

777

00:47:00,860 --> 00:47:03,219 the trader will fail. Imagine however,

778

00:47:03,759 --> 00:47:08,479

a trader who gets a losing strategy where it has a losing

779

00:47:08,480 --> 00:47:12,599 percentage on the first trade or in the initial position of 90%,

780

00:47:12,600 --> 00:47:16,799 like a failure rate of 90%. A positive individual,

781

00:47:17,039 --> 00:47:21,549

a resourceful individual that has programmed their mind will see simply reverse the buys

782

00:47:21,550 --> 00:47:26,314

for sells or the sells for buys. Instead of just blindly following

783

00:47:26,334 --> 00:47:29,197

it badly. That's why positivity rules everything.

784

00:47:29,417 --> 00:47:33,602

That's why reprogramming your automatic brain comes before everything else.

785

00:47:35,504 --> 00:47:40,008

As investors in our futures, as the main primary investor in your future.

786

00:47:41,417 --> 00:47:44,277

It's critical to audit the thoughts we're endorsing.

787

00:47:46,057 --> 00:47:50,137

It might even be worth stopping. I don't want to be,

788

00:47:50,277 --> 00:47:52,037

I don't want to get out of control. But it might be worth stopping

789

00:47:52,038 --> 00:47:56,677 15 times a day with alarms. And just writing down what have

790

00:47:56,678 --> 00:48:00,189 I been thinking about for the last few minutes. And then,

791

00:48:00,190 --> 00:48:04,634 asking a second question. What would be a more efficient,

792

00:48:04,734 --> 00:48:09,318

resourceful, effective thing to be thinking about or way to

793

00:48:09,319 --> 00:48:12,001 be thinking about it. Alright,

794

00:48:12,002 --> 00:48:15,184 let's finish up here. Let's, let's um,

795

00:48:15,204 --> 00:48:17,346

let's wrap this whole thing up. We got another few minutes here.

796

00:48:17,767 --> 00:48:21,238

And I want to really close as strongly as we can.

797

00:48:21,239 --> 00:48:23,882 The Trader's Mantra. A Market of Mindset.

798

00:48:24,383 --> 00:48:27,766

Let's break down this timeless verse. Now, so Napoleon Hill,

799

00:48:28,367 --> 00:48:31,190

Napoleon Hill then transcribed a poem,

800

00:48:31,650 --> 00:48:34,513

word for word. And I don't even know what it is anymore,

801

00:48:35,094 --> 00:48:37,897

but I've rewritten it. I lost the author here,

802

00:48:37,917 --> 00:48:41,128

so apologies to, I don't know.

803

00:48:41,129 --> 00:48:43,872 Whoever wrote this in the first place. Here we go. Let's break down this

804

00:48:43,852 --> 00:48:47,415

with a twist. If you're convinced that you've hit a bear market in life,

805

00:48:47,455 --> 00:48:51,099

guess what? You have. If the thought of taking a risk seems beyond your

806

00:48:51,100 --> 00:48:54,943 portfolio, you're not going to make the trade. Dreaming of gains but shackled by

807

00:48:54,963 --> 00:48:57,305

fear of loss? The market's already moved against you.

808

00:48:57,306 --> 00:48:59,507 Believing a downturn is inevitable?

809

00:48:59,527 --> 00:49:02,102

Then you're right. You're already selling off. Success,

810

00:49:02,162 --> 00:49:04,645

much like a bull market, starts with the trader's resolve.

811

00:49:05,305 --> 00:49:08,068

It's all about the mindset. Feeling outmatched by the market?

812

00:49:08,048 --> 00:49:11,191

That's because you placed yourself in that position. Aim for the moon even if

813

00:49:11,192 --> 00:49:15,375 you're starting from the ground. Confidence is your capital before you can claim your

814

00:49:15,395 --> 00:49:21,413

gains. Victory on Wall Street doesn't always favor the swift.

815

00:49:21,414 --> 00:49:26,055 In the end, the investor who triumphs is the one who believes he

816

00:49:26,175 --> 00:49:29,319

or she can. In every aspect of life,

817

00:49:29,320 --> 00:49:33,984 just as in your trading, your greatest asset or liability isn't your portfolio's size,

818

00:49:34,004 --> 00:49:38,308

your trading account's size, but the belief you hold in what's possible for yourself.

819

00:49:38,589 --> 00:49:42,902

You might start with a small trading account. But a giant account of confidence.

820

00:49:43,542 --> 00:49:48,287

The ultimate prize goes not necessarily to the one with the most advantages

821

00:49:48,307 --> 00:49:50,630

that seem like they look like advantages on paper,

822

00:49:50,990 --> 00:49:55,795

but to the one who navigates the ups and downs with unwavering belief

823

00:49:56,335 --> 00:49:59,218

in their ability to succeed. Thanks for being here.

824

00:49:59,238 --> 00:50:00,529

I'll see you next time.