#79 - How To Hack Discipline & Find Success Quicker

Episode of: The "Daily Call" From Option Alpha

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Dec 10, 20176m
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#79 - How To Hack Discipline & Find Success Quicker
Dec 10 '176m
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Hey everyone, Kirk here again and welcome back to the daily call. On today’s daily call, I wanted to tell you guys how you can hack discipline and find success quicker. As simply as I can possibly state it, hacking discipline and finding success comes down to one word and that one word today is accountability. This is something that… This really gets to the heart, truly the heart of why I continue to run Option Alpha. We talked about it before in the past, but it’s worth mentioning again. It’s that I do not need to run Option Alpha. There’s no financial reason for me to run Option Alpha. I don’t need the money. I’m okay. I’m very comfortable in our living situation. I don’t have millions of dollars, but I’m very comfortable doing what we’re doing and I don't need to run Option Alpha. But I’ve often told people…

One of the reasons I continue to do this is because I basically have 79,000 accountability partners now. I have got members from all over the world, from all walks of live, different ages and they keep me accountable. You guys keep me accountable and that ends up making me a better trader, a better investor, a better husband, father, etcetera. It really does because I have some sort of accountability. But when you do things alone and you try to go after things alone, you end up quitting or stopping just because you lack discipline. Look. It’s not uncommon and we all know this. We’re adults, so let’s not beat around the bush here. We’ve tried to do things before in the past, myself included and when you try to do them by yourself, you don't find success as often as if you do them in a team or with a mentor or with a coach or in a community. It’s just the reality of what happens. There’s a lot of research behind this. You can go dig into that. But when you do things by yourself, you are not your best motivator. You are not your best accountability partner because we can easily trick ourselves into saying, “I’m too tired.” or “I don’t feel like it.” or give myself an excuse. Remember, our brains are looking for reasons to stop doing things and to stop using cognitive load. But when you introduce some form of accountability into a habit or a success cycle and you can maintain that momentum, it becomes an unconscious habit. That’s really what happens. You introduce habit and discipline long enough, accountability long enough that it becomes an unconscious habit. That’s all we were frankly trying to do. We’re trying to develop unconscious habits that lead to success, successful habits.

I think that coaches, mentors, communities, your family, a loved one, a spouse can be your accountability partner in this journey and all you need is you need them to check in on you in any way that you feel is appropriate for you. It can be weekly, daily, phone call, text, Facebook message, a letter. It doesn’t matter. They just check in on you and make sure you're doing what you said you were going to do. I think you should find somebody that’s a little bit tougher on you than maybe a spouse. The spouse or a family member or friend, they’re not going to give it to you as honest as you maybe would find in a coach or a mentor. That’s why people hire coaches. That’s why the best athletes, the best actors, the best hedge fund managers in the world still hire coaches because they need somebody to be accountable to. They are not the top of the stack. I need you guys, so that you guys realize you're my accountability partners, all 79,000 of you guys who are now in the free membership. That creates unconscious habits for me to continue to do these daily calls, to continue to post our video updates, to continue to improve the website and become frankly a better trader. Over time, what this has allowed me to do is to become a much more disciplined, systematic trader because frankly, I don’t have the time every single day with my kids and my girls to stare at the markets all day and I know I need to do something and I know I need to get information out and people are relying on our trades. That allows me to develop an unconscious habit of analyzing the markets as efficiently as possible, of analyzing trades as efficiently as possible without having this analysis paralysis back and forth.

I think it’s a really interesting topic. I think if you think about how you want to become more successful, how you want to find success quicker, you’ll realize that accountability in any form is one of the best avenues to getting there. Hopefully that helps out today. As always, if you guys have any questions about this or if you need somebody to be your accountability partner, maybe you all go to the show notes page at optionalpha.com/dailycall and you guys can jump together and join up. I know people in our pro and elite membership community, a lot of people have teamed up and they’re become accountability partners with one another which is great because it helps both of you. It helps both of you become better traders and ultimately, more successful. As always, thanks again and until next time, happy trading!

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