ready for it - II

if being mentally not ready

is responsible for not succeeding in stock trading

here is a different but effective way to develop a 'millionaire mindset'

but to do that first i need to share with you something

--

in his masterpieces

'6 thinking hats'

and

'6 action shoes'

the great thinker and management guru

Edward de Bono had beautifully driven home the point

that every person has and needs many faces

which he shows or can show!

every face is different

and has a specific ability

suitable for a particular situation

represented by different kinds of 'shoes' or 'hats' in de Bono's books!

it is like playing different roles.

the persona has to come in a totally different avatar for each role!

the problem arises when the man plays the wrong role on the wrong stage!

e.g. if one were to sit across the negotiation table

with the mindset of 'formal navy shoes' (formal approach)

in a situation which demanded

the mindset of 'pink slippers' (informal approach)

the outcome is likely to be a disaster.

what you feel like and behave like and look like

in 'formal navy shoes'

is totally opposite to

how you feel and behave and look

in 'pink slippers' or any other type of shoes!

so, whatever the challenge

just select the right kind of 'action shoes' or 'thinking hat'

and succeed!

--

based on the above

here is the trick to develop "a millionaire mindset"

which is otherwise difficult without

a million dollars in your bank account!

--

"Act"

--

in other words

just play the role of a "millionaire"!

i know, you would say that

since you are not a millionaire

your role play will be faulty!

well, don't worry about that.

you will do it quite well

better than a real millionaire!

--

in fact

you can prepare yourself for any role or responsibility

or challenge in life

by just starting to act the role...

first play the role

then it will come out naturally!

--

feel like

behave like

act like

look like

think like

a millionaire in that very situation!

ask yourself

what different would a millionaire think in such a situation?

what would a millionaire do different in such a situation?

how would a millionaire react differently to this situation?

this way you will not chicken out of situations where you shouldn't have

this way you will have the courage to take a risk your indicators say you should have

this way you will survive the difficult situation without booking profit prematurely

this way you will book the stop loss ruthlessly like a seasoned emotionless businessman

...and so on

you will realise that the trouble used to arise

when we used to react in petty and penny ways of

"non-millionaires"!

a change in decisions

will change the results for you!

--

even if you are a rocket scientist or a surgeon or an engineer or a chartered accountant

your daily mannerism and thinking patterns and fears are different from that of a millionaire

and this is the root cause of faulty decisions

which have landed you in your present state-of-affairs!

--

in T.Harv Eker's words

by acting

you are programming your mind

to generate feelings

to create thoughts

to trigger actions

which will bring amazing and different results!