Mindset Secrets for Winning by Mark Minervini
I’m reading a book by Mark Minervini about a winning mindset and how to apply personal power. Mark Minervini is a prominent American stock trader, writer, and educator known for his successful trading strategies, focusing on technical analysis, fundamentals, and strong risk management. He is also the winner of the U.S. Investing Championship with a return of 155% in 1997. Even though he is a successful trader, this book is not about trading or investing success. It is about the mindset that we need to have for winning in our life. I am going to share in this post what I learned from this awesome book.
With Winning in Mind
If you don’t have the right mindset, then your knowledge, practice, and even skills will be rendered ineffective when you need them most – in the real world. ~ Mark Minervini
Highest achievers agree that the mental side is as important as the physical side. While the human body has its natural limit, the mind has unlimited potential. We need to develop a winner’s mindset, as skills alone are not effective enough to win. We’ve all got the resources to win; we just have to align ourselves and learn how to access that personal power.
The meaning of success is very personal to everyone, and it is unique to each person. In general, when we ask ourselves what success means to us?
When I am rich with millions of dollars.
When I finally become the CEO of the company.
When I am cruising in a luxury car.
When I buy a big, nice house.
I have this friend who decided to step down from his career and just focus on being a full-time dad for his two young daughters. This is success for him. As for me, success is a journey, not a destination. My destination of becoming a full-time master trader is an ongoing journey. I started the journey in early this year. And I define success as every time I take action in my journey as a Master Trader.
In the book section of “The Treasure Chest”, Mark found a pile of books and tapes, and the first book was Think and Grow Rich by Napoleon Hill. He began reading all the time, day and night, and really believed that if those people could make it, then he could, too. And the important point is that he believes he can do it. This is actually a mindset. This reminded me of the Success Creed from the POE workshop I attended last time. Below are two parts of it.
If it’s possible for others, it’s possible for me.
I think I can, therefore I can.
One of the books that his mother gave him on his 8th birthday is Jonathan Livingston Seagull, that inspired him a lot. I was thinking to myself, how good it is my parentsgavee me the same book for inspiration when I was young.
Jonathan Livingston Seagull by Richard Bach is a quick read that dives into some deep thoughts. It’s all about a seagull who just can’t bring himself to live like the rest of his flock and wants something more. Unlike the other gulls, Jonathan is passionate about flying for the sake of perfection and freedom rather than just for survival. His journey explores themes of individuality, self-discovery, and transcendence, as he learns that true fulfillment comes from pursuing a higher purpose and sharing wisdom with others.
At the end of the introduction section, Mark Minervini said
As a starting place, know that your capabilities are limited only by your thinking, not your circumstances. With the right mindset, you can become the champion of your own life and accomplish anything you imagine.
