A plan of attack

It has been scientifically proven people that write down their goals have a much higher chance of reaching them compared to the conventional methods of visualisation and affirmations although they are still very beneficial.  In another month’s time it’s going to be the start of everyone’s New Year’s resolutions but instead of waiting until the New Year to get started why not take this time and use it constructively to start writing a mind map of how you are going to achieve your goals?If you have an ipad or iphone there are many applications that are free to do just that.  Also it’s worth mentioning that if you break your goal down into smaller goals and reward yourself each time one is reached it further increases your chances of obtaining your goals.Another good technique for achieving goals is to actually write your goals every morning at least 20 times, so for example “I am a successful financial spread trader”Also I always look for unique and novel ways of reminding myself of a goal I am trying to achieve, try changing someone’s name on your phone that calls you regularly to an affirmation, like “I’m getting fitter and fitter”
I’m only saying this because I am starting this already in anticipation for next year; I want my goals clearly defined and I want to give myself the maximum chance of achieving them.  You can read more about simple techniques for improvement in the book 59 Seconds: Think a little, change a lot
.If you’re still on the fence about trading, the above are excellent techniques to use to increase your success rate. Also a good strategy for mental practice is to choose 3 shares maximum and paper trade, but make it real, put your heart and soul into the task, write down results, follow the trends, and really get a feel for the markets you have chosen.  Imagine that these are the only three shares you are going to trade for the next 10 years, live them, breathe them, and own them.  Even if you have no idea about what system or strategy to use at the moment it’s a good place to start.  It’s  incredibly exciting to be a spread trader and we all have to start somewhere, and it’s hugely inspiring to know that many people who have gone on to be hugely successful financial traders started with practically nothing in life. people really do make genuine profits trading the financial markets, that’s a fact.

e the start of everyone’s New Year’s resolutions buy instead of waiting until the New Year to get started why not take this time and use it constructively to start writing a mind map of how you are going to achieve your goals?If you have an ipad or iphone there are many applications that are free to do just that.  Also it’s worth mentioning that if you break your goal down into smaller goals and reward yourself each time one is reached it further increases your chances of obtaining your goals.

Another good technique for achieving goals is to actually write your goals every morning at least 20 times, so for example “I am a successful financial spread trader”

Also I always look for unique and novel ways of reminding myself of a goal I am trying to achieve, try changing someone’s name on your phone that calls you regularly to an affirmation, like “I’m getting fitter and fitter”

I’m only saying this because I am starting this already in anticipation for next year; I want my goals clearly defined and I want to give myself the maximum chance of achieving them.  You can read more about simple techniques for improvement in the book 59 seconds.

If you’re still on the fence about trading, the above are excellent techniques to use. Also a good strategy for mental practice is to choose 3 shares maximum and paper trade, but make it real, put your heart and soul into the task, write down results, follow the trends, and really get a feel for the markets you have chosen.  Imagine that these are the only three shares you are going to trade for the next 10 years, live them, breathe them, and own them.  Even if you have no idea about what system or strategy to use at the moment it’s a good place to start.  It’s  incredibly exciting to be a spread trader and we all have to start somewhere, and it’s hugely inspiring to know that many people who have gone on to be hugely successful financial traders started with practically nothing in life. people really do make genuine profits trading the financial markets, that’s a fact.

Diversification

I’ve mentioned to you before how diversification is important in your entrepreneurial activities.  But why is it necessary to do this?  And how broad an area do you have to cover?

If you’re serious about making an income online passively, there is just no way you should have all your eggs in one basket.  If you don’t know, Google over the last year have been updating their algorithm which manages and controls how search results are found.  This has had a massive effect all across the board, especially for webmasters.  Before the updates, you could buy a domain name in a niche area, get it to the front page of Google relatively easily and then sell Amazon Products or promote Google ads.  Many people made a lot of money doing this but overnight Google practically wiped their businesses away.  There is good and bad in the story, and way too much detail to cover here but basically junk spam sites disappeared but so did some really good authority sites .  Also some people totally lost their livelihood.  But as we know, or maybe even if you don’t, Google is everything when it comes to marketing your website and unfortunately I don’t see that changing in the near future.

So this is where diversification comes in, love it or loathe the eBay idea but for every one that had been making money using Google, if they had actually had for example an eBay shop or business running alongside then their income couldn’t have been wiped out overnight.  Yes they’d have still lost money but not their total income.

If you remember I mentioned to you I was building niche websites and it was all going quite well until these Google updates and then most of them disappeared.  I was gutted but not devastated, mainly because I still had my trading bank and profits, my eBay business, a couple of authority sites, affiliate sites and so on.

You don’t even have to diversify as much as I do, for example if trading and tax free income is all you want to do than you could trade the stock market but also trade the sport market, or use the horseracing system like I do on the weekends.  Or maybe you have long term trades running and you have a system to trade forex daily or when it suits?

Diversification is a wicked strategy.

 

 

 

How accurate is the Vince Stanzione System.

Vince Stanzione System never ceases to amaze me at how accurate it actually is.  On the last post I mentioned to you that apple may give a sell signal where you can make a few points but the main trend is still up.  Well if you have a look at this chart about a week later you can see that’s exactly what’s happened.  Vince’s System had generated a sell signal and to date you could have taken a quick 70 points profit.  It’s really not hard to spread trade the financial markets and make a profit, as they say “the money’s in the waiting.  Wait for the right trade and wait for the right exit.

Also a Forex System that I’m about to test looks promising?  I am really going to do this so you don’t have to because I certainly prefer the longer term trading style, but this Forex System offers you the chance of weekly profits.  Unfortunately I’m not sure if I’m going to be able to start this in earnest before the holiday period starts but even if I get the chance to do a week solid I shall update you with the results, although I will not release the name of the system until I have tested for at least eight weeks.

What goes up must come down?

This chart is incredible; apple has made 50% over the last year to date.  As you can see from the chart at one stage it was 75%.  Many consider this to be overpriced.  So when a stock is considered overpriced what does that mean exactly?  Well nothing really it’s just someone’s personal view, the stock is worth what it’s worth and that’s all there is, price.  There is absolutely no point in watching a stock going up because you’re waiting to sell because you think it’s too high and it must come down.  Follow the signals and trend and you won’t go far wrong.  I remember Vince Stanzione saying at his seminar that he had recommended a particular stock to buy on his previous seminar and anticipated it to make at least another 50%, all the experts had said it was overpriced and to get ready for a fall…  The stock went on to make over 100%.

As a shorter term move though you might make a few points on the sell if the correct signal is given, but long-term trend is up although don’t expect 50% a year.