“Boy, I love meeting people’s moms. It’s like reading an instruction manual as to why they’re nuts.”
No, this is not one of my quotes.
This is a quote from Ted Lasso, the main character of a show on Apple+.
(If you’re looking for a funny and feel-good show to watch, I highly recommend Ted Lasso.)
Anyhow…. I have been thinking about this show and this quote because this weekend, we’re doing an Online Trading Seminar for our customers.
And in this seminar, we talk about the 3 pillars of successful trading:
- A proven trading strategy
- Powerful tools and
- The right mindset
The interesting thing: You really need all 3 to succeed:
If you have a good trading strategy but not the right tools, then you might miss many opportunities because you can’t scan the markets quickly enough.
And you can have a positive mindset and yell “I can do it” all day long but if you don’t have a proven trading strategy, you probably won’t succeed.
But one of the biggest challenges is our mindset.
When I grew up in Germany, I was told:
“You can’t succeed with trading. You will lose all your money.”
Here’s what else I heard:
“You can’t compete with the BIG GUYS. You should leave it up to the professionals.”
“If it would be possible to make money with trading, everybody would be rich.”
Does this sound familiar?
Have you ever heard any of these things?
If you have, then it’s no surprise that you’re skeptical when it comes to trading.
It’s really interesting:
Our brain has a filter.
But if people who you respect, love and trust tell you something, it bypasses this filter and goes straight to your subconscious.
And if you think about it…who did you trust growing up?
Your parents and your teachers.
I have great parents, and they really wanted the best for me.
Their advice was:
“Get good grades in school, then go to college. Get a degree and then you work for a big company that will automatically increase your salary every year. And then, after working for them for 35 years, you can retire.”
I got the same advice from my teachers. They wanted me to do well in school so that I can go to college so that I can get a “good job.”
And that’s what I did:
I worked hard in school and got good grades, I went to college and then got a job at IBM.
I was living a life that others told me was “good for me” – until I decided that I want more. That’s when I quit my job and moved from Munich in Germany to Austin, TX to become a trader.
I’ll tell you more about it in just a moment.
But back to Ted Lasso:
“I love meeting people’s moms. It’s like reading an instruction manual as to why they’re nuts.”
Right now, your actions are influenced by the beliefs of your parents, teachers and others who you admired and respected when you were a kid.
And these beliefs might be holding you back from living your best life.
I wish I had a rich uncle who was a trader and gave me some better beliefs… like the “Rich Dad” from Robert Kyosaki.
Why am I telling you this?
Well, Steve Jobs once said:
“If you define the problem correctly, you almost have the solution.”
So if you’re not (yet) where you want to be in life, maybe you are missing just a small piece.
I know that this is true for me.
I was told that “making money is difficult” and “making money with trading is impossible.”
So no matter what I tried, it didn’t work for me.
And then one day, I decided…
“It IS possible! Others are doing it, so I can do it, too.”
With this new mindset, I buckled down, refined my strategies, created the right tools for my strategies, … and my trading turned around.
Ok, this email is getting a little bit long, so if you want to read the rest of the story, just go here: https://powerxoptimizer.com
LOL – I just read this email again, and it almost sounds like a sermon.
Well, it’s Sunday, after all.
So there you go: These are my “Sunday Thoughts”.
Enjoy, and talk soon,