If you came to me and told me you wanted to be an elite tennis player, here's what I would do.
I would tell you a story.
I would tell you a story, a true story, about someone I've taught that had already accomplished exactly what you want to accomplish.
Why would I do that? Because nothing happens in life until you become a believer. If your mind thinks it's impossible, it will seek out circumstances that make it impossible. It doesn't matter how much truth is out there. If you think it can't be done, it can't be done.
A closed mind is impervious to coaching.
If you came to me and told me you wanted to turn a $10,000 account into a million dollar account, here's what I would do.
I would show you a spreadsheet.
I would show you a spreadsheet, a spreadsheet based on actual data, that shows how a robot can turn $10k into a million.
Using data from a robot I've been trading for almost two years, here's a Word document that shows what happens to a $10,000 account (if you increase your trade size as your account grows):
In short, if you trade aggressively and compound your gains, $10k becomes one million in 80 months (6.6 years).
But I was worried the data I used accidentally cherry-picked a great series of market conditions. So I did it again, this time starting at the end of 2009. Here's how it turned out:
With this new data, it didn't get to a million in 80 months, it got there in 74 (6.2 years).
On two separate occasions, using a robot I currently use, $10k grew into one million in less than 7 years.
Of course, there's a slight difference in these two stories. In the first story, I'm relating something I've seen my tennis students do with my own eyes. I was there when those amazing things happened.
With a spreadsheet, we're talking about verifiable data that has occurred in the past. In other words if you look at past data that you haven't traded personally, it's all hypothetical. My students didn't win hypothetical championships--those were real. But this data doesn't reflect actual trades--thus it's hypothetical.
So is it all make-believe?
In 2014, I began an experiment to see if all this is a pipe dream. I took a small $2,000 account and cranked up the leverage. I decided I was going to do it for one year. I was completely committed.
One year later, at a Rob Booker seminar, the account hit the 100% return mark. The account had doubled in just over twelve months. I stopped the experiment at the end of the month with the account showing an 86% return.
How do those real-life results compare to the hypothetical spreadsheet? If you look at the first spreadsheet, you'll see that the hypothetical account doubled in the first twelve months also.
The hypothetical experience was almost identical to the real-life experience.
If you look at the second spreadsheet, the account almost tripled in the first twelve months. However, in my real account, I immediately went down 20% in the first two months. The spreadsheet, on the other hand, had two big winning months right at the start. As it turns out, I tried this experiment at a pretty bad/unlucky time--and it still hit 100%.
So is 10k to a million a real thing? Is it make-believe?
In my experience, it's very real.
But that doesn't mean it's easy. There are all sorts of things that can get in the way of making the returns you want.
And in the next video, we'll talk about the obstacles that try to keep us from making a big amount of money.