Think about setting some goals this weekend around the feelings that you want to feel, and also addressing the feelings that you don’t want to feel what’s going on behind the scenes there, because guess what? If you don’t want to feel a certain feeling right now, I’m going to bet a lot of money. You’re not going to want to feel it next year, five years from now, 10 years from now. Because there’s something about it that you fear or something about it that it bothers you. I was at the gym the other day and I oversaw two people arguing. I presume that they were a couple and I overheard – I couldn’t help but overhear – I was walking from the parking lot to the front door and the guy was like, “Well, why are you talking to him? What were you smiling at him about?”
And I was like, ooh, that sounds really gross. {sarcastically} Because guys know if your girl is looking at another guy, it can only mean two things: that she’s already had sex with the guy, or she’s going to have sex with the guy. And I’m like, man, there’s nothing unsexier than lack of confidence. Anyway, that’s just an observation. But what does it say about trust? What does it say about how do you feel about yourself? How do you have any self-esteem issues. Are you easily persuaded by other people who haven’t really proven anything, but you want to believe what they have to say, because that’s going to show up everywhere. Anything that has to deal with television – trying to make you depart with your cash. It’s all about entertaining you in such a way in a specific niche, like maybe infotainment around financial stuff to eventually market to you, a good or a service that you probably don’t need.
The one thing that we all need is a custodian. We need a place to hold the cash in the securities. But other than that, the execution part’s been commoditized. There’s only really one chart when you think about it. So that’s easy. There’s no such thing as Advanced Charting packages, all you need is one screen to see it. And then all you need is a one internet connection. Maybe you have a second as a backup, as I do. You don’t necessarily need real time quotes.
So you look at all the things that you’re doing, like what are the feelings of what you do and how do they conjugate towards your goals? Because you might find after the past year and I’m talking about goals oftentimes on Friday that your goals are really set up so that you can feel all the feelings that you want to feel in the order that you want to feel them.
So what ends up happening is if you are in a certain equation right now getting certain results, it’s almost predictable that the goals that setting aren’t going to be hit because you’re not doing anything to change the emotions. And if all the emotions that you want to feel and all the emotions that you don’t want to feel have led you to be right where you are right now. And you’re unwilling to change any of that, your behavior’s not going to change. And if your behavior’s not going to change, how are you going to get different or better results?
So sooner or later, you have to confront within yourself the feelings that you want to feel as well as the ones that you don’t, because they’re going to keep showing up, not just in trading, but in your overall life.
So I think you should try to plan and make, make a goal around being the star of your own movie. Don’t play a supporting role and dream a really big dream, something big and audacious. That’s outside of your comfort zone. Because in doing that, you’re going to really learn a lot about yourself. And even if you come up a little bit short, it might, you might find yourself having hit a goal that was beyond where you thought you could go. That leads to increased confidence and the feeling of being unstoppable. You see. So if, think about setting a goal and start with imagining yourself, being in a very, very different place in your world, think of being in a spot that’s far beyond what you thought is possible, because then if you can imagine it, you can kind of converge towards that spot, but it has to start with the belief that you can get there. And part of that belief system is addressing a lot of the feelings that are in your life because they really control everything that’s going on.
And I’ve seen it. I’ve seen it in my own life from where I’ve come from and where I was born and raised to what I’m doing today. You’d no one would’ve ever made such a bet that this is, this is where and I’m kind of just getting started in many ways. So you can do the same thing, but you have to want to, and you have to be willing to go through periods of great uncertainty and go through, at least at the beginning, going through feelings that might not necessarily feel good until they themselves become habitual. And then you can expand your comfort zone and build it out that way.
But that’s how great things are done. If you want to see a good example of this in real life, that really doesn’t have anything to do with trading is go watch if you have it on Disney+ there’s a six episode, little mini docu-series on a company called Industrial Light & Magic – ILM, as it’s known here in LA is a company that was created by George Lucas in and around needing a special set of tools to create the special effects needed for a Star Wars.
I guess that would be Episode IV – A New Hope. It was the first movie, but the way he did the prequels it’s actually episode four and they didn’t, they couldn’t use contemporary methods. So they had to actually invent the tools along the way. So eventually that company be became Industrial Light & Magic. And in the documentary I’m through, I think I’m through four of the six. They’re talking to Steven Spielberg about Raiders of the Lost Arc and the guy’s face melting off. They’re talking about the tauntaun that Harrison Ford is on when he is going about to rescue Luke in Episode V on the ice planet of Hoth. And none of that had ever been done before. So they had to imagine it and invent it along the way. The key thing to all of that was the belief that they could do it. Isn’t that what president Kennedy said, how did you all get to the moon? And what did you need to get to the moon? He said the will to do it.
So where is your will to get stuff done on a scale of 1 to 10? Because that in and of itself might be very revealing about the probability of you hitting any or all of your goals is if you don’t have the will to do the work, you might just be minding f’ing yourself, but I believe anything’s possible. And if you set that goal and then you have the will to achieve it, you’ll certainly get pretty damn close.
Anyway, I appreciate all the feedback. And thank you, thank you for your nice comments. And like I said, the feedback means a lot kind of points me in the right direction because to be honest, this thing is a gigantic time suck. If you have any questions about this, I typically don’t kiss and tell you can reach out and if nothing else I’ll point you in the right direction.
And that’s it please consider subscribing we’re on YouTube, Spotify, Apple Podcasts. I appreciate all the feedback. Like I said, it helps me steer things and be efficient. Because I don’t like wasting my time or wasting my efforts. I have a lot of other things that I’m working on. Have a great weekend folks. I’ll see you Monday.
This is a computer generated transcript.
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