Showing posts with label trading psychology. Show all posts
Showing posts with label trading psychology. Show all posts

Saturday, October 19, 2024

Best Mindset Hack to Change your Life

 Best Mindset Hack to Change your Life



🔴NOBODY should be blowing accounts, entering big drawdowns, failing challenges and suffering!


🟢EVERYBODY should be making progress, trading sustainably and becoming profitable.


But yet - why are the big majority failing?


It's because they have too low standards for themselves.


Let me share with you a Quote, that changed my life:


🔖"We are not the Highest Version of ourselves that we dream of. We are the Lowest Version of ourselves that we tolerate."


It's easy to dream big.



We all dream of profitability, additional/passive income, quitting our jobs, traveling, not worrying about money, taking care of our families, ensuring a future for our kids, buying a home, taking a great vacation, etc.


We then visualize those things, and it feels good.

You get a burst of motivation.


And then what?


You put in some little work, only to return to your older, comfortable self.

And that cycle repeats.


You take a couple of good trades, only to blow them all out on the next day.

You work out and eat well for a few days, only to start skipping and overeating very soon.

You start studying the course for 2 hours a day, only to forget about it in a few days.


So, if having Dreams and being Motivated doesn't work, what does?


🔑It's adjusting your Lowest Standards and what you Tolerate.


It's giving yourself a MINIMUM threshold, that you must not cross.


It's designing your life from the Bottom Up.


And then - it's about Taking Action.


Instead of dreaming for a Funded Account, set your Lowest Standard to NOT go below 5% Drawdown.

If you cross that - you manage your risk and yourself to NOT go deeper than that.


Instead of dreaming for your Dream Body, set your Lowest Standard to ensure you work out 5 times per week. If you don't - you are not the person who you want to be.


Just make yourself New Standards.


🔖Because humans will do EVERYTHING to NOT fall below their standards but will do very little for the wildest dreams.




Trade with confidence

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Resources: The Billionaire Brain Wave


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