The Law of Growth

You only know everything, when you know everything.

The skill of learning

Dunning Kruger effect

Never stop learning

Acknowledge and accept the learning curve

Avoid phrases like ‘All you have to do is X’ or ‘You just have to X’ when you say things like this you are mentally and verbally simplifying subjects and topics that are vastly more complex than you think they are.

Avoid trusting how you feel. Cognitive process that take place concerning how we feel – trust the data, results and numbers. Trust in the ‘THE DATA’ and stay humble, this is way more reliable.

Focus on learning and growing vs bragging, stay humble – do not speak about skills that you have not mastered.

How to ensure you dont fall victim to the dunning kruger effect

1. Test yourself – backtesting/demo trading

2. Consult experts – someone who has already done it. use the instructors for learning –

3. Ask questions – pick holes – doubt yourself.

4. Seek feedback – does this seem right, can you tell me if i am doing this right

5. Never stop learning – the more you learn the more you realise you still have much to learn

The learning journey – THE DIP

In order for you to reach your financial goals, or any goal > DO NOT FALL VICTIM TO THE DUNNING KRUGER EFFECT – take specific steps where your not relying on your own mind, your self perception, rely on data, and from those who have achieved what you want to achieve.

THE DIPS

There are big ones and there are small ones.

BIG DIPS – Last for a period of 1 day +

SMALL DIPS – Last for less than a day

So what is a DIP and have I experienced any of these during my learning journey?

1. You feel as if no progress is being made, you may even feel you are regressing.
2. you struggle to understand an idea or concept or use a tool
3. Your results do not match your expectations

if you have been in any one of these three things, then you have experienced being in a DIP. A DIP may last a long period or it maybe over a short period of time.

So what is the issue and problem with being in a dip?

A DIP can cause you to do one of two things;

1 = GIVE UP or 2 = SHIFT

This can happen with any form of job, relationship, business no matter what it is… this can happen in many areas of our lives, they are struggling to achieve something, so they either stop and change direction.

But here in lies the problem!

Dips are unavoidable no matter what it is you are pursing or what path you are on. This is the path of learning anything you have chosen to learn regardless of the subject matter.

You cannot avoid the DIPS, they are an inevitable part of anything you are learning, not just with learning to trade.

You will get the BIG DIPS and also the macro DIPS, there will be days, weeks where it will suck and you just wanna walk away and do something else.

But here is the reality, if you shift to learning something else, guess what…. you are still going to have to deal with those DIPS… it is simply the path to learning anything new.

SO WHAT CAN YOU DO!?

There are 2 things that you need to think about whenever you are up against a DIP….

1. Separate your feelings from the event, because a DIP may feel like it’s forever, but it’s not
2. DIPS are always a temporary obstacle that you will eventually overcome, provided that you never quit when in the DIP

NEVER EVER QUIT IN A DIP… EVER!!! HARD SET RULE

SOLVE THE DIP!

Because it will raise you out of the DIP and will also allow you to avoid the DIP again… this is the beauty of a DIP because it opens you up to future growth and new learning. This assists in helping you become better at what you do regardless if your a trader who is learning or you are on a path of learning something else.

DIPS can help you improve as a partner, husband, wife, business partner as a friend.

SO ONCE AGAIN… Never ever SHIFT or QUIT in a DIP

Any skill you are learning can be broken up into component parts, but what is a SKILL?!

SKILL = The application and understanding of knowledge – anyone can consume knowledge, but the real power is not just in the accumulation or consumption of knowledge but in the use and application of the particular knowledge and put it to use.

Just having knowledge doesn’t mean I can use it.

So how do you put knowledge to use?

1. CONSUME – listen, read and other senses as well depending on what it is you are learning, could be smell if cooking, touch and feel for sports, carpentry, learning a trade.. other senses come into play
2. MAKING NOTES – if listening also helps in the learning process to maintain knowledge but also summarising what you have learnt also improves the learning process.
3. PRACTICE – take what you have learnt and put it into practice which results in progress, which ultimately leads to hitting another BARRIER, this is the nature of PROGRESS, you hit new BARRIERS
4. REPEAT THIS PROCESS – RINSE AND REPEAT > CONSUME + PRACTICE + GET OVER BARRIERS

If you commit and do not deviate from the path you are on and stay on the road it will lead you to;

BECOMING AN EXPERT a MASTER

FOCUS MORE ENERGY ON LESS!

FOCUS ON & MASTER ONE THING – whatever your one thing is… mine is trading! M&Ws H&S reversal patterns.

Go through one module video >>> 5 x TIMES