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Found 3 results

  1. https://loopvids.s3.amazonaws.com/Dec23Post.mp4 Playing with scared money is never a good idea. Both literally and metaphorically. Literally this applies to investing and gambling. Say you buy a stock at $100 a share. It pops up a little bit, but then sinks down to $90. Then $80, then $70, etc. It's tempting to toss MORE money at it. The idea being that IF it goes back up, you'll make even more. But this is also VERY dangerous. Because the more money you lose, the LESS you are thinking logically, and the more you are thinking emotionally. Similarly, if you are playing blackjack, for example, it's common to double down as you keep losing. If you lose $10, then you bet $20. The idea being that if you win on the $20 bet, you'll be even. But then you lose. So you figure you'll bet $40, with the same strategy. If this is some kind of pure math problem, you can think logically. But the more money you lose, the LESS you'll think rationally, and the more you'll think IRRATIONALLY. Irrational, or emotionally driven decisions RARELY work out. Hence the metaphor to never play with scared money. A much BETTER investment strategy is to have a VERY STRICT stop loss. If you're down 20%, for example, take a break. This same idea applies to pretty much anything. If you're making decisions out of desperation, or scarcity, they almost NEVER work. For example, let's say and guy and a girl have been on one date. They sort of like each other the same amount. But the difference is the girl has more options. So the girl is slightly LESS LIKELY to text the guy. So the guy texts the girl FIRST. As soon as he fires off the text, he slips into "scared money territory." He'll wait and hope and pray that she texts back. But suppose, just based on RANDOM events, she doesn't text back. Maybe she saw the text while she was just about to get to the checker at the supermarket. She planned to text later, but forgot, due to other RANDOM things happening. So the guy gets worried. Maybe she didn't see it? So he texts again. It won't take long before his texts serve to DECREASE her attraction. Then he acts like the guy doubling down after every bet. He texts become MORE frequent. The message become MORE desperate. This makes him more desperate WHILE it decreases HER attraction. This is why most guys, in the dating world, are ALWAYS playing with scared money. The trick is to switch the polarity. Not to use fake game to create false scarcity or any of that. To build your life so you are NATURALLY more attractive. So you don't have to THINK about your actions. This is like playing with house money. You are WAY ahead of the game. You don't care of you win or if you lose. Which tends to help you win more often. Same with dating. If you LIVE with an abundant mindset, based on your abundant life, this will breed MORE abundance. This takes some time to create, but once you get there, it's EASY money. Or easy whatever it is you want. Learn How: https://mindpersuasion.com/get-girls/
  2. https://mindpersuasion.com/intuition-calibration/
  3. There are a lot of expressions involving the stock market. One is "I got rich because I never bought at the bottom, and I always sold too soon." Meaning that if you try to "hit it out of the park" with every trade, you may risk losing everything. While taking short, consistent profits (never buy at the bottom, always sell too soon) over an extended period is a great way to make a fortune. Another one is to "sell down to the sleeping point." Which means if you can't sleep, you have too much risk. Risk is necessary, but if you can't sleep, you've got too much. Another famous line is, "the best time to buy is when there is blood in the streets." What does this mean? Well, consider there are two kinds of traders. Those who trade on emotion, and those who trade on logic. "Blood in the streets," means that everything is crashing, and everybody is panicking. Which means if you follow logic, you can find some VERY undervalued stocks. Why all of these stock market metaphors? The world economy is in a very dangerous transition phase. Kind of like when there is "blood on the streets." Not much is working like it used to be. And if you try and survive using methods that used to work, you may be in for a surprise. When the car was invented, a lot of horse and buggy companies went out of business. When the Internet was invented, a lot of newspapers vanished. Those that cling to the old ways don't usually do so well. But those that are mentally flexible, able to think "outside the box" and look for opportunities may find them EVERYWHERE. But you've got to not only actively seek them, but know HOW to take advantage of them. Nobody is going to show you how. The better you can "think," the more things you can learn (and learn on the fly, not sitting in a classroom) the more opportunities you'll see. After all, all those stone cold players who bought when there was blood in the streets made HUGE FORTUNES. Click Here To Learn More
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