Well I have finally got round to writing about my day at the Vince Stanzione Seminar. Up against the clock I just made the start. Train delays cost me but luckily I had left early enough.
I sat at the back and enjoyed every minute of the day. Vince started the day of with a flood of trading information that could take me and my trading positions into the next decade. Seriously…
I still have positions in some of his tips from the last seminar as did many of the other attendees.
An interesting observation about the seminar is that there were so many people in the room that were there at the last one. I recognized at least 20 faces there and managed to chat to a few of them. I also chatted to some newbies and tried my best to give them some solid advice. Be interested to know how many were actually at the last one as there were others there that have been to them all. So Vince has a real hard core following.
But the seminar is not all about this position and that position. A lot of what Vince talks about is making money, keeping money and compounding your interest. Not just from a trading angle but from all that you do in regard to working, saving and investing.
A really good point that Vince points out is that you should be thinking of what you can achieve over the next 10 years instead of wanting to be a tycoon by next year. He pointed out how quick 10 years actually pass and that people are living so much longer nowadays that 50-55s are becoming the new middle aged.
A good quote he also highlighted was that the first person that is going to live until 150 has already been born. Amazing… So don’t think you’re too old or you’ve missed the boat because you’re probably younger than you think.
Jim Mellon gave a really interesting speech that was fantastically enlightening. He’s way way out there and pointed out many technological innovations that will shape our world in the future and how we can profit from this knowledge. You can get his book here with all proceeds going to charity.
Jeff Hirsch from the stock trader’s almanac also gave some very interesting tips on trends and seasonality trading. You must always have a trader’s almanac by your bedside; so very useful and such easy reading.
The whole day provides you with an investment plan for the future and as I have said you are planning for the next 10 years and beyond so work your way up to an income that accommodates your needs.
Vince gave a great example of this approach and mentioned that just over 10 years ago he had a Million dollars in a separate trading account that he bought stocks with and reinvested the dividends. That account is now standing at over $14,000,000
It can be done, there’s no catch or con going on. You can make it as a trader if you follow the trends. You may not make as much as you want as quick as you want but you will get there with solid plans, achievable goals and like I have a great mentor.