Dr. Don WoodResolving Your Trauma-Based Challenges So You Can Unlock Peak Performance

"You Must Be Out of Your Mind" Ep4 clip2

23 Aug 2022 · 1 min

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0:57

Short monologue by Dr. Don Wood emphasizing the value of 'skin in the game'—real-world exposure and financial risk—in skills like trading and sales. The speaker contrasts role-playing and paper trading (simulations) with actual sales calls, door-knocking, and trading with real money, arguing that only real consequences (being shouted at, losing money) produce rapid, honest learning about competence.

Chapters

This role play or like they're in the stock market and hey, you can paper trade. None of that does anything for you. It's when you have skin in the game. It's like doing sales calls. We can do role playing left and right. That's not going to get me better. What's going to get me better is picking up the phone and having somebody scream at me. Give me f bombs, tell me to go F myself or go the ultimate 1970s, 80s, 90s, go out there and door knock. That's not role playing. That's actually out there when somebody's screaming at you. And when it comes to trading, paper trading, it's like playing blackjack. It's not real money. Yeah, I'll double down on a 20. I'll split face cards. No, the way you get better is have skin in the game. Use real money. You'll learn quick how to become either a great trader or you'll be a horrible trader.