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Early on, I learned that your psychology (a.k.a. your mental capital) and your psychology alone will determine your success in life and in the market. Life, and the market, are filled with endless opportunities, more opportunities than any one person can possibly enjoy. Trust me, there is more than enough to go around a few trillion times. Your job is to be open‐minded, train your mind to recognize opportunities, and act on them whenever you can—because if you don't, someone else will. Even if you don't act on one opportunity, just like an elevator or the proverbial bus, there will always be another along shortly, guaranteed. It's illegal for anyone to guarantee results in the market, but I can guarantee you that there are what feels like an infinite number of ways to make money in the market, and your job is to find one that works for you and run with it.

Throughout this book, I will share with you what I've learned, but the key is for you to think differently, demand the best from yourself, and commit to doing the right thing, even if you don't feel like doing it. Your future self will thank you. Again, thanks to grace from above, here's how I stumbled across the connection between psychology and winning.

After my initial, gut‐wrenching losses in the market, I dedicated myself to learning everything I could. I read every book about trading I could get my hands on. Over the next six years, I earned an undergraduate degree and a graduate degree in political science, but my “real” education was in capital markets and psychology. I stumbled upon psychology and how it impacts just about every aspect of our life when I realized how psychology was a major force that impacted both political science and capital markets.

In my early 20s, I was studying political science during the day, markets at night, and working in between, and I realized that a golden thread between political science and investing/trading was psychology. The biggest blunders in both political and market history usually came from people who lost control of themselves, threw logic out the door, made lousy emotional decisions, and/or just became intellectually lazy. The opposite is true for the biggest success stories in both worlds. The most successful leaders, traders, and investors tend to be extremely logical and very disciplined, they respect risk by making great risk‐versus‐reward decisions, they do the work other people do not want to do, they've mastered themselves, and they make rational (not emotional) decisions—especially when they are under pressure. So, naturally, hungry to learn more, I dove into psychology, and that ultimately became the foundation of everything I do and part of the title of this book!