Tony Robbins’ $1,000,000 Trading Advice
I can stop the street every day I got barbers talking to me galore what do I do and billionaires literally when my client says I’ve been coaching for 17 years he’s won the top ten financial traders in the world in the history of the world who could our favorite John with that lovable scruffy boys be talking about wait a minute gives us a hint this is guy who in 1987 when the stock market crashed by the largest percentage at that point ever everybody’s freaking out he made a half a billion dollars that day did you guess it well his first name is Paul and his second and third name is Tudor and Jones that’s right it’s Paul Tudor Jones pgj is the market was there who milk bet 1987 crash for all it was worth and went on to make money non-stop from that point on or did he that he wants money for the next four years market wizards don’t lose money that guy’s a genius what could have happened cuz he went beyond what he’d expected did it messed up his head and he didn’t perform and lost money so you’re telling me that it was all psychological you’re telling me that even top guys like ptj have emotional performance issues really seems kind of trivial for a pro like that so he’s been my client for 17 years he pays me a million dollars a year and I’ll tell you that to impress you but impresses me plus a piece of the upside ok maybe not so trivial if he’s spending that much money on it so what exactly are you doing for him mr.
Tony Robbins I know you’re all about those motivational speeches and whatnot but does ptj really need another fluffer he’s obviously not looking for motivation oh well ok then Tony so what do you do that what he looks for is strategy he emails me every day five days a week I’ve worked with all the people around him George Soros all the people I got chance to study what they did what he did to find his patterns and his patterns are always changing has to respond to a change in the marketplace in order for him to succeed though he didn’t even know what to do but why the most people fail in business because they don’t execute it and the reason executed is state if fear takes you over all your decisions change true or false if greed takes you over does that happen also yes or no yeah you start thinking it’s gonna be great forever I can do no wrong and you start doing everything taking huge risks you ever really thought through got challenges there too so my job with him is to really keep his psychology straight as well as make sure his strategies and tactics are adjusting to the environment in an ideal way okay so clearly psychology is extremely important when it comes to training even at the highest levels Tony Robbins gets paid a lot of money to analyze ptj every single day to make sure he’s on track emotionally and also to see how that affects his trading strategies so what we see Wendy do and billions that’s all real the actress who plays Wendy actually studied Tony Robbins very hard and even worked with him directly to develop the character and if you watch the show that you’ve seen how Wendy makes a ton of money – so clearly billionaires are willing to pay anything for this stuff and by the way if you saw that billions finale you want to talk about it I would love to so just comment down below but yes it’s obvious that managing your psychology is crucial to successful trading and that’s why I talk about it so much on this channel I know I probably get repetitive but it’s important because this psychology stuff isn’t just for billionaires you’ve got to do the same for yourself you gotta say I gotta know what’s influencing me and you know it’s the best way to do that I’ve said it before and I’ll say it again keeping a trading journal see the point is to separate your emotional stuff from your rational self you basically want to be two people or one person or multiple personality disorder no I’m kidding you don’t want that so you first start out with a trading plan and your rational self is the one who’s creating that and you create that beforehand because that’s what you plan to actually follow when you’re making trades so the second part of this is actually making the trade and whether you like it or not that’s usually when your emotional self kicks in but you have your trade journal to help with that as you write down exactly what you’re gonna do before you do it and then the last part is reviewing that journal and the trades you make that again is done by your rational self so you can analyze what you did wrong what you did right and where you can improve so as you can see you really have to separate selfs the emotional and the rational the emotional is what happens to you when you got to make the trade and the rational is that before when you’re making the trading plan and the after when you’re reviewing your trading turn and this rational self can be the Tony Robbins or Wendy that you need that’s analyzing your emotional self you’ll be surprised these two coming together how effective the self analysis really is and I talked about the trading journal before which if you haven’t seen that video I’ll link to it above and the next step once you’re already doing the self analysis is to find a friend who will give you a solid outside opinion but to do that you need a community of traders that you actually trust and that’s exactly what we’re trying to build here fallible so make sure you subscribe to this channel and that you hit that bell so you get notifications when new videos are released we’re gonna go a lot more in depth into psychology in future videos and I also got a lot of stuff in the background working to build up our community I’m trying to build something where you guys have other traders to work with along with me of course I’ll be there too so make sure you subscribe we publish three videos a week everything market related subscribe and I’ll see you in the next video stay fatwa day bye
