On this episode of The Money, Markets, and Mindset Podcast, host Jason Brown is joined by Power Trades University Coach Wade Sutton to discuss the 'Millionaire Mindset' and some steps you can take for financial success. They first explain that being a millionaire is not just about having money but about how one thinks and approaches obstacles.
This episode also discusses how to not be greedy with your trades and to be sure to calculate risks before you take them. Many people jump into trading without knowing what they're doing, which can lead to poor results or profits. They may also hold onto winning trades for too long, due to the impact of fear and greed on their decision-making.
Jason and Wade touch on the principles of discipline, hard work, and adaptability in the stock market. While there are no guarantees, focusing on personal growth and mindset increases the chances of achieving desired outcomes. They point out the importance of getting the right information, education, and application as key factors for success.
Both emphasize the ability of treating trading as a systematic process rather than relying on excitement and the gambling mentality. They mention considering buying a course or learning how to chart stocks correctly can be a helpful step in achieving success.
Video Version:
Timestamps
[00:01:56] People are willing to work hard, unsure how to become rich.
[00:04:05] Becoming a millionaire requires a certain mindset.
[00:09:15] Parenting and stock trading require more regulation.
[00:12:23] Get right information, education, and application.
[00:16:33] Don't skip education; manage fear and greed.
[00:22:35] Becoming successful is about who you are, not just what you do.
[00:26:43] Master fear and greed, take profits