"It's harder to get your first million. It's a lot easier to make your second million, third million, fourth million and fifth million. But the first million is always the hardest." - Felix Dennis
When you first start trading with a prop-firm, your first objective is to successfully pass your evaluation account so that you can purchase your PA account. Then, when you get your PA account, you need to turn $25,000 into $27,100 before you can get your first payout of $500.
Having gone through this process, and having received my first payout, I read the quote by the late Felix Dennis, a British publisher and entrepreneur, in a completely different way.
It’s not the $500 payout, (the first million), that I value. It’s the process of getting there that is so valuable. Having gone through the hard work of getting there, I now know what it takes to get my next payout. Because I conquered it once, I have every reason to believe that I can conquer it again. Soon enough, it will become routine.
Recently, I had a major loss. What prevented it from becoming a devastating loss was the value that I placed on the loss. Did it hurt, oh yeah. Big time. However, I chose not to give it the authority that it wanted. When I made that decision, I became Boss again.
The payout I received was nice, of course, however, what I value even more, was fighting through the process of getting to the payout. Now that I’ve done that, I know that I can do it again, and again. If you place value on the fight, not on the results, you will win.
