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My First Million

My First Million

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Handle adversity, losses, and setbacks without self-destructive behavior

Entrepreneurs, traders, salespeople, anyone facing high-variance outcomes

Ongoing practice during difficult periods

What Success Looks Like

Ability to maintain good decision-making during losses, avoid chasing bad decisions with worse ones, and use adversity as improvement catalyst

Steps to Execute

1

Focus on process quality, not outcomes

2

Play shorter sessions when losing, longer when winning

3

Use breakdowns as opportunities for strategic review

4

Avoid the 'I have to get even today' mentality

5

Recognize when your mental state is compromised

Checklist

Set time limits for high-stress activities when behind
Review decision quality separately from results
Have predetermined stop-loss rules
Create systems for when you're emotionally compromised
Build support network for accountability

Inputs Needed

  • Clear definition of good vs bad decisions
  • Predetermined rules for various scenarios
  • Objective feedback mechanism
  • Support system for accountability

Outputs

  • Better long-term performance
  • Reduced emotional volatility
  • Improved decision-making under pressure
  • Stronger psychological resilience

Example

“After losing a major client, instead of desperately taking any new business to 'get even,' you use this as an opportunity to analyze why the client left, improve your service offering, and approach better prospects with a refined pitch.”