Why Most Beginner Fail? and How To NOT Fail!
After watching this awesome Tony robbins interview which you can find here==http://tonyrobbinstraining.com/320/interview-with-frank-kern-and-john-reese/ (It's about why beginners fail at internet marketing, but it's just as relevant for investing...)
I put together a little blueprint of why most beginners fail...
Basically what happens is many rookie investors don't think that "They can make it happen"....meaning they don't have many expectations of what they can do====>When they have low expectations, they don't put forth much effort===>When they don't put forth much effort, they don't get results ==> When they don't get good results==>It reinforces their beliefs that "They can't make it happen" =======>Next time around they have even lower expectations==:>Meaning lower effort==>meaning lower results===Meaning more reinforcement that "they can't make it happen"
the ugly cycle continues....
To break the cycle you need to raise your expectations of yourself....You need to visualize yourself making it happen. Since your subconscious mind cannot tell the difference between, what you visualize and what is real, you'll expect more===>Meaning you put forth more effort===>Meaning you'll get better results==>Meaning you'll expect even more
Basically by using visualization you can cycle your effort up, building major momentum......rather than down, leaving you in an even deeper mental rut.
Hope this helps
Eric Medemar