I'm an observer. I watch Emini traders come and go, I watch them start their trading careers with great enthusiasm, spend a fortune on learning this business, and a lot of the time, watch them blow up and give the game away frustrated without ever knowing why.
Hot topics, Emini trading systems and trends come along regularly. There's always a new 'in' thing making an appearance on the trader's radar screen. And whenever there's a new rage, there will be traders who jump on the bandwagon.
But the fact is that many of these trading system 'revelations' are nothing more than over-hyped garbage designed to separate gullible traders from their cash. Systems that sound great in theory, but don't work in the real world. What happens when this new system doesn't work as advertised? People begin to lose interest and look for the next big thing. And so the cycle continues.
Marketers selling their Emini trading systems continue to roll out their latest and greatest 'must have' tools and methods for beating the market, and all the poor souls who are looking for something to help them improve their trading results, pile on board hoping that finally 'this is the one'.
Normally it's not 'the one' at all, so the promoters give a few refunds to those who actually tried to use it and failed, and everyone else just puts the whole sad episode down to experience. There is a never-ending stream of trading products and courses to buy. The bottomline is that you might never stop spending money on useless training if you try to learn to trade the Emini yourself.
But - What if could shortcut this expensive, difficult to master, extremely time consuming 'learning to trade' experience altogether and start trading the Emini market profitably right now, as soon as tomorrow?
Well you can, and it's a very simple thing to do. By subscribing to a Trading Alert Service that gives you high probability buy and sell signals, you completely remove the need to spend a fortune on trial and error and untold years of your valuable time on learning to trade.
You simply borrow the proven system of somebody who's worked out how to trade the Emini market profitably, and follow the signals you are given. Of course, there are good Alert Services and there are bad ones, so what should you look for when making a decision on which one to register for?
1. Look for a service run by trader who has been in the market for a long period of time who still actually trades the Emini market. You wouldn't believe the number of people selling trading services who have been so beat up by the market that they haven't traded in years. If the guy who runs the service is actually making the calls live in the market for you, that's even better.
2. Make sure you can access a free trial of the service so you can 'road test' the alerts and the atmosphere of the Trading Room before you commit to it. If they won't give you a trial, run, don't walk, away with your credit card safely in your wallet.
3. Spend your time during your free trial period testing the validity of the trading calls and make sure they are profitable before you commit to becoming a member of the system. If you don't find that the system produces a profit for you (whether you paper traded the alerts during your trial or traded them for real), it's unlikely that it will afterwards either. Beware the "Oh, this was just a bad week" story some people will spin you.
By finding a Trading Alert Service that produces consistently profitable trades, you will save your most valuable resource - your time, and likely thousands of dollars in losses as you try to work it all out for yourself.
Showing posts with label effort. Show all posts
Showing posts with label effort. Show all posts
Friday, June 12, 2009
Do You Know Why You're In Business
One of the first steps in planning an exit to the rat race is knowing why you want out.
Sounds simple right? Well consider this: it is, and it isn't. You could say that you want out because you are tired of working for someone else, you want more time with your family, no more worries about the bills and want to control your own destiny. Sounds good. I can buy into that.
But is it enough? Is it enough to get you up in early in the morning to do a little work before the day begins. Is it enough to take time away from family at night, or spend a few hours on the weekend to get one step closer to that goal. Is it enough to maintain your drive for the goal line when the going gets tough ... and believe me, the going is going to get tough.
When you are focussed on dramatically changing your life, there will be people around you who undermine your efforts. The amazing thing is that the people who could lead the charge to offer you support (and this group might include friends or family) could be the ones who tell you "... you can't do that, it'll never work, why are you working so hard ..."
If you have ever started a part time business or made a financial decision that goes against the norm, this will all sound familiar.
Just because they can't see your vision for the future, doesn't make them right.
It takes courage to make a big change in your life, but in the long run, it will be worth it. The time, energy, criticism and even ridicule will be worth it when you are spending your days on the beach, golf course, or driving around in your new Porsche Boxster.
If you are serious about exiting the rat race and building a better life for yourself and your family, knowing why you want to be rich is as important as how you are going to get out.
One of the first steps in most coaching programs, including Rich Dad Coaching, is defining, in detail, why we wanted to be rich, what it looks like and when we were going to get there. Time was also spent writing out what we don't want.
This is a critical first exercise so if you've never taken to time to write it out. Do it now. The exercise focused our minds so we had a reason to do work it would take to get out of the rat race. Financial gurus like Robert Kiyosaki know the cardinal truth ... you can't get somewhere if you don't know where you are going ... and you won't get there if you don't know why you are bothering.
The how is easy when you know why.
Why gives you drive, determination, and the perseverance you need to achieve success. Lets face it, when you start building a business that generates passive income, you will face critics and set backs. You need a strong why to pull yourself back up on your feet and keep going. And, its those people who have the strength to get on their feet and keep building when all the people around them are laughing or criticizing them who will find real success.
So how do you figure out your why ... chances are it is not the first thing you think of, but its a good place to start.
Start answering some very simple questions: why do I want to be rich, what will being rich look like (in colourful detail), how will my life be different, what will I be doing, where will I be doing it, what things will I be doing, what won't I be doing, when will I get there, what will it take to get there, what will I do if I fail at first, how will I ensure my success.
Don't do this fast. Take your time. Revisit the answers every day and rewrite them to reflect a deeper meaning.
Now ask yourself ... is it enough. Is it enough to keep you going when the going gets tough. If the answer is no, go back and review it again.
Remember, when you know the why, the how is possible.
Start today and define why you want to be rich.
Sounds simple right? Well consider this: it is, and it isn't. You could say that you want out because you are tired of working for someone else, you want more time with your family, no more worries about the bills and want to control your own destiny. Sounds good. I can buy into that.
But is it enough? Is it enough to get you up in early in the morning to do a little work before the day begins. Is it enough to take time away from family at night, or spend a few hours on the weekend to get one step closer to that goal. Is it enough to maintain your drive for the goal line when the going gets tough ... and believe me, the going is going to get tough.
When you are focussed on dramatically changing your life, there will be people around you who undermine your efforts. The amazing thing is that the people who could lead the charge to offer you support (and this group might include friends or family) could be the ones who tell you "... you can't do that, it'll never work, why are you working so hard ..."
If you have ever started a part time business or made a financial decision that goes against the norm, this will all sound familiar.
Just because they can't see your vision for the future, doesn't make them right.
It takes courage to make a big change in your life, but in the long run, it will be worth it. The time, energy, criticism and even ridicule will be worth it when you are spending your days on the beach, golf course, or driving around in your new Porsche Boxster.
If you are serious about exiting the rat race and building a better life for yourself and your family, knowing why you want to be rich is as important as how you are going to get out.
One of the first steps in most coaching programs, including Rich Dad Coaching, is defining, in detail, why we wanted to be rich, what it looks like and when we were going to get there. Time was also spent writing out what we don't want.
This is a critical first exercise so if you've never taken to time to write it out. Do it now. The exercise focused our minds so we had a reason to do work it would take to get out of the rat race. Financial gurus like Robert Kiyosaki know the cardinal truth ... you can't get somewhere if you don't know where you are going ... and you won't get there if you don't know why you are bothering.
The how is easy when you know why.
Why gives you drive, determination, and the perseverance you need to achieve success. Lets face it, when you start building a business that generates passive income, you will face critics and set backs. You need a strong why to pull yourself back up on your feet and keep going. And, its those people who have the strength to get on their feet and keep building when all the people around them are laughing or criticizing them who will find real success.
So how do you figure out your why ... chances are it is not the first thing you think of, but its a good place to start.
Start answering some very simple questions: why do I want to be rich, what will being rich look like (in colourful detail), how will my life be different, what will I be doing, where will I be doing it, what things will I be doing, what won't I be doing, when will I get there, what will it take to get there, what will I do if I fail at first, how will I ensure my success.
Don't do this fast. Take your time. Revisit the answers every day and rewrite them to reflect a deeper meaning.
Now ask yourself ... is it enough. Is it enough to keep you going when the going gets tough. If the answer is no, go back and review it again.
Remember, when you know the why, the how is possible.
Start today and define why you want to be rich.
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