A quick post about loss tolerance
In the Two Week Intensive class on December 8, 2020, Chris Cole said that you must change how you look at money on the micro level in order to change how you see it on the macro level, or the bigger picture.
He went on to say that "in order to make a certain amount of money, you have to deploy a certain percentage of capital".
It takes money to make money, for the people just waking up.
Most people are in a state of financial PTSD due to looking at the use of money with the wrong perception. We tend to look at money in dollar amounts.
Chris mentioned this by saying that we are looking at trades like we are SPENDING money. But those who are looking at prosperity are looking at percentages.
This is just a quick reminder that you decide what a loss is.
You are literally in the face of the giant every trade and if your loss tolerance is low, your wins will also be low.
I am CURRENTLY learning this about myself.
I had a conversation with a friend and I said "I have to stop saying that I LOST everything last year because that's just not true. I LET GO of everything because I literally could have kept going. I just couldn't keep going the way I was going. I needed to listen to my instinct and my body".
I let go of all the things and people in my life that caused distress, even if that meant not having the things that I was used to having.
This example shows that you can count things as a loss when its really a decision to let go. Your pain is valid, however, if you categorize your decisions to let go as a loss and not a decision, you end up giving power to loss when it belongs in the category of decisiveness.