Tuesday, February 8, 2011

FAST_MONEY

I am amazed daily that people try to beat the markets and jump from one idea to another, either from someone that they don't know from twitter, Facebook or their barber. They may have heard something on their favorite TV financial show or whatever, the fact is they listen with bated breath thinking and hoping that they have found some secret to making fabulous wealth is the seemly easy money of the stock market. I am here to tell you yes it can be done but please look at the disclosure on the CFTC, CBOE or NYSE web site. That should scare you to death and shock you into reality that the majority of people 97% DO NOT MAKE MONEY consistently. The difference between professional traders the ones who make a living trading their own capital and the wannabees are very distinct. If you could look into the minds of the pros you would be amazed at how similar their think is to a successful business man. They have a well thought out business plan, Rules to adhere to and the discipline to carry it out. Sure sounds simple doesn't it! If it was simple every franchise owner in America would not fail and become rich. There would be no car dealers going out of business, Airlines would all be profitable, there would not be such a thing of bankruptcy for business because it would be too simple. SO wake up and if your successful in business you have a good chance at being successful as a trader. You have figured it out, you know how to make a business successful and treat you trading money like employees. I wish ever one success but we both know there are few super star players in any sport, profession and trading is no different. Good luck my friend :-)

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I hope you will learn from my years experience as a professional trader.