This week, I had the opportunity to attend Tony Robbins along with numerous guest speakers. The speakers were interesting, and Tony was great. But it wasn’t the speakers that surprised me the most or made the greatest impact.
What blew me away was the mindset of those in attendance.
Clearly, people were interested in learning how to get more from their lives. Which is fantastic! But do they really?
The theme for the day was the importance of establishing one's own mental and emotional wellbeing before any successful change can be achieved. I couldn't agree more.
If you've ever overcome a major challenge that resulted in a significant victory you’ll understand what I'm talking about.
Here’s what happened…
One of the speakers, Phil Town, a popular stock trader, gave a sales pitch promoting his stock screening platform. In short, it helps identify when to buy and sell stocks.
Each of the tools and technical indicators on his platform are widely available, but he’s managed to bundle them into a pretty package for those who don’t have much investment experience.
Towards the end of his pitch, with numerous sales tactics like anchor pricing, exclusivity, scarcity, and an expiration date, he managed to get the audience so fired up, a hoard of people RUSHED to the sign-up tables.
It was like those Black Friday mobs you see on YouTube!
Everyone wanted to make a quick buck and learn the "secret" to get rich quick.
Here’s where things got interesting…
The next speaker, Niurka, a personal development coach, gave a great presentation on mindfulness and the importance of strengthening our emotional health – which tied perfectly into the theme for the day.
Prior to the end of her presentation, and, what blew my mind, wasn't the number of people getting out of their seats to swarm her sign-up table, but rather…
TO LEAVE EARLY FOR LUNCH!
The same herd of people who ran to signup for stock trading barely showed interest in getting their mental and emotional game in order.
Here's the catch...
The bulk of people clearly felt making an easy dollar would improve their lives more so than developing a healthy mental and emotional state.
The catch, however, in order to be a successful investor, we must first have our mental and emotional game under control, otherwise, we’ll never make any real money in the market!
So, I'm going to make a prediction for all those who signed-up for the trading course...
60% will attend, the rest will lose interest and forget about it.
30% will follow through and attempt to implement the trading strategies.
25% will get frustrated and quit after the first three months because they won't have made enough money to maintain interest – their lack of patience will get the best of them.
And the remaining 5%...
IF they have the mental discipline and emotional capacity to stay the course, might make enough money to become long-term, successful investors.
Everyone was so focused to make a quick buck, they were willing to run, push and fight their way to get there, but when it came to sitting down, doing the work, and committing to improve one's self, the majority weren't interested.
The whole purpose of the day seemed instantly forgotten by the thought of making easy money.
It’s not about fancy tools or trading tips, these are simply the vehicles for getting us there.
We can have the best trading strategy in the world, but without the mental or emotional capacity to execute it we'll get eaten alive every time.
Emotion is an investor's worst enemy – it's the number one factor driving the markets! So we MUST have our minds in order FIRST.
Those who have their emotions in check are the 1% who succeed.
I sincerely hope those who ravaged the sign-up table truly incorporate Tony's teachings into their lives before attempting to trade and beat the market.
Otherwise, there'll be a lot of angry, broke and confused people wondering what happened to their nest eggs.