The Winners Fallacy.
is a strange construct.
you might wonder if it exists, what it is.
i tell you, it does exist, and ill tell you what it is. but to understand this strange concept is up to you, and most will not understand it.
ever had that feeling. once you accomplished something you have a day or two of “godmode feeling” like-ish-ness that you can achive anything and win no matter what.
yes you had it, everybody has it or had it at least once in his life.
its a feeling that makes addicted to it.
the real addiction of any beeing. success
the only addiction that bears positive fruites.
and then? a day passes or two, and you suddenly feel very very down. in your consciousness you dont know why you feel down. you should feel great, you accomplished your goal. you are a winner.
but in your subconsciousness you know what has happened.
you have won. and that ruines your mood.
why? how? huh wtf?
you achived your goal. theres nothing after it, all you desired and dreamd of has come true, and you realize it aint as important as you thought it might have been to you while you were running for it. even more than that, you have nothing to associate yourself with anymore. when you are a doctor and people ask you “what are you” you say “im a doctor” you associate with your profession. once you achived freedom to not having to do that profession for living anymore, what can you when someone asks you “what are you?”?
ive had this winners fallacy 3 times in my life.
1st when i finished my Mstr.Sc.
2nd when i sold my company
3rd. when i managed to make money with trading to not depend anymore on work to make money
and im not talking about “money to pay bills” im talking about accumulation of the unneeded.
and what then? each every of those “wins” made me feel miserable after a few days only.
is it only me or did you as well have the winners fallacy in your life?
anyways, what im trying to say:
i believe that experiencing the winners fallacy in your life at least once, your subconsciousness knows how bad it can be, and it works against you when your “dream” is to be a sucessfull trader and make money trading.
while you dont earn money with it, but accumulate losses, it is your dream. you put many hopes in it, to not work anymore, to be independant etc. etc. but deep in your subconsciousness you are affraid of reaching that goal and find out that it isnt as good as you immagined.
you sabotage yourself without even knowing it, in order to not reach your goa, for it to stay a dream of which you can dream of and it gives you a warm dopamine filled feeling of comfort, a goal to strive for, a reason to get out of the bed in the morning.
i believe that many people fail in trading because of exactly this winners fallacy.
how to avoid this self sabotaging concept?
here is the answer:
you must see “money making in the markets” as a step to your real goal, not your final goal.
your final goal you may ask? it can be whatever you like, but it has to have a meaning which makes you get out of the bed in the morning.
money for retirement is no final goal, as when you reached your traders success you can retire and you become “workless”. it doesnt add meaning to your life in the form of “i am a person who is needed and not easily replacable”
just to make money? no thats not a real final goal as well, as you once manage to make enough you feel just as empty and unneeded as if you retired.
a final goal must lead you to something that is actually not achievable.
if you see the statements of innovators, scientists and tycoons who “made it” you will see that they are never satisfied and never “have had enough”. they always strive for a goal, or more goals that actually sound insane.
just look at 2 examples from your real life:
Mark Zuckerberg: my goal is to change how people communicate on the entire world, make them come closer together and change their life for good.
Steve Jobs: my goal is to change how people communicate on the entire world, make them come closer together and change their life for good.
Bill Gates: my goal is to change how people communicate on the entire world, make them come closer together and change their life for good.
are those realistic goals? for sure not, and they can never be achived.
but what did those goals do good for the 3 guys named? they never stopped running after their unachivebale goal.
so, if you want to be a winner in the game of “who takes whos money away” a.k.a. trading, speculating, investing- then your goal can not be to be a winner in the game of “who takes whos money away” but must go further than that. and when you dont achive your final goal, it isnt that bad at all, because when you look back on the trackrecord of your life you wil see you achived the steps towards your final goal, and that made you more sucessfull than 99,5% of the worlds population.
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