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The Option Genius Podcast: Options Trading For Income and Growth


Aug 23, 2023

So what is it that is stopping you? What's stopping?

That's what we're going to talk about today. Now look, I have a thought experiment for you today. Now thought experiments are what Einstein you'd see use, you know, Einstein used to think about all these different things about how this would work. And that would work, especially when you're dealing with abstract concepts that you can't write down, it's a good way to get the creative juices flowing, and to come up with answers, helping your subconscious being able to help you out as well.

But it's really meant to get you to see things from a different perspective. Or as Obi Wan would say it a certain point of view. Right. So since you're consuming this content, right? I know that you're interested in trading. If not, I don't know why you're here.

But maybe you're trading a little bit. Maybe you're trading a lot. Maybe you haven't started trading? I don't know. But chances are, that most of you are holding back. You're not all in either you're not all bought in that this actually works. Or you're scared? Or you're trading with a little bit, not too much. Because you don't want to lose it. Whatever the reason, I'm sure you do have your reasons, right? Not enough time. Not enough money. Oh, the market is too volatile. Oh, the markets not volatile enough. On and on and on. So let me ask you this question. Okay. In 10 years, 10 years from now, if you take no action, nothing changes, you just go about your day go about your life, the way you've been going. It's the same going on the same path.

You don't take any action, you don't change anything in your life. What is your life look like? Think about it. I mean, pauses and think about it. Really? What does your life look like? Now? Obviously, you're 10 years older, right? So as your family, so is your house, so it's your dog. And things are worse than they are now. If you don't change anything, because that is life, things get better. Or they get worse. Nothing stays the same. Right? Your house is 10 years older, and to be falling apart. I need a new AC my I need a new roof. I need something else. If you're older, yeah, things are falling apart, right? You get an older squeak year larger, maybe it's my case. So if you took no action, things are worse. Are you happy with that situation? Or would you be happy with that situation?

Take the take where your life is now. Fast forward 10 years, and it's a little bit worse. I don't know how much worse and you know, hopefully, you did the exercise. And you thought about it, like what things would be like 10 years from now, if you don't change anything? Are you happy with that situation? Probably not. So the question is, then, what are you going to do about it? Do you have any idea? Do you have any plan? Because really, you know, nobody is coming to get you. Nobody's going to save you. All right, you got to have to save yourself. So I hope you do. I hope you have come up with something. And I hope things are better for you. And I hope you know I'm trying to get you out of the malaise. Okay, now, let's do another thought experiment jelly. 

Yeah, I know we had one but you get one for free. Okay, so now look, instead of thinking about all the wonderful things that could happen if you started making money by passive trading, right, because you've heard me you've listened to the show you you've heard me all the great things that happened. You get the freedom you get the money, you can spend more you can have more time off. You don't have to work as much or work at all. All these wonderful things that can happen that have you ever been to people. Let's do it on the side. What is the worst thing that could happen? If you didn't start passive trading? What's the worst thing that could happen? If you never started, or you never grow, or you never go all in, ruminate on that a little bit, you know, think about it. Some people, they need a carrot, you know, they need a reward. It's like, oh, man, you know, if you get this passive training stuff down, man, you can make a few $1,000 extra a month, that might be enough to buy that new car you want or go on a vacation you on or buy the new house or boat or whatever. Now for some people, that's enough. Yeah, motivated, they go for it. Other people, they need the cat, right? And in this case, where the rat, the rat, you got the cheese, or the carrot, whatever, you know that you got the, you got the reward on one side. But then you got the cat. On the other side, the cat is behind you, and the cat is wanting to eat you and they wants to trick you wants to catch you and eat you. That is the worst case scenario. Right?

And some of us, actually, according to statistics, I think most of us will do more to evade the cat or get away from the cat than we will to get the reward. So maybe that's what you need. Maybe you need to imagine the cat. What's the worst thing that could happen? What is the worst case scenario? So you don't trade? You don't devote the time? You don't give it the energy? What could happen? thing of it, I mean, I'm sure you've come up with something, right? And you mix this with the other one. It's like, okay, if I don't do anything, what's 10 years going to look like? Does that make your blood boil? Does that bother you? Does that freak you out? If not, then you didn't go dark enough. Okay, we want to go dark, we want you to come up with the worst, worst, worst, worst, worst case scenario. Now, hopefully that doesn't happen. Right? But if in your mind's eye, you think, Man, this could happen or this will happen unless I take action. Maybe that's enough to get you to take action. Right?

They say that, hey, you know what? Somebody puts a gun to your head, you'll do whatever you have to do. Why does it take putting a gun to your head? Why can't you do it on your own? Well, some people are just not motivated that way. So they need the gun to their head. Okay, well, let's create the metaphorical gun and put it to your head. What's the worst thing that can happen? And think about it and say, Yeah, you know what this is going to happen? Maybe, I don't know, you could come up with something like, You know what, I think I'm going to have a heart attack. And my insurance is not going to cover it. And it's going to cost $200,000. That could be possible. It's happened to people. I mean, that's my father was just in the hospital for a back surgery, and it costs about $175,000. Luckily, he's insured. But if you didn't, that would have been catastrophic, right? If you didn't have the money, so what if you don't have the money that will help you move forward? It's just a different way to think about it.

So these exercises, these thought experiments can be used for anything starting to trade and diet, starting exercise approaching someone of the opposite sex or the same sex, whatever it is a mate, anything, they are that powerful. So put them to good use. Alright, until next time, trade with the odds in your favor my friends.