My Wealth Coach

Too wide of a what… you say?

Let me explain.

The first problem is one you may not have initially thought about,
but once I tell you what it is, you’ll realize it’s no different in any
other area of your life.

By this I mean, when you want to be successful at something
you absolutely must be focused. I can’t repeat this enough, you
must be focused. You can’t be looking at 5 different markets or
500 different stocks, currencies, options, commodities, ETFS….
you name it.

I’ve met newbie traders who have seen pictures of traders starring
at multiple screen setups, run out and spend huge amounts of
money setting up 5 or 6 screens and a giant trading office without
even placing a trade!  After this, they frequently try to watch any
market that goes up, down or sideways.

Think of this as a jack of markets and master of none, because
that is what you’ll be if you try and trade a bunch of different markets
and trading vehicles. You’ll spend endless amounts of time gazing
at so many different markets and variables that could affect those
markets… that you’ll stress yourself out to your limit and lose your
money at the same time.

This may fly in the face of what others out there are teaching and
want to you to believe, but I wholeheartedly believe in this. In fact,
think about it really deeply for a minute, doesn’t it just make sense?

Think back in your life when you did something successful, were
you focusing on a ton of different tasks? I doubt it. It’s simple, but
people love to complicate it. The more you look at—- the more you
blur your focus —- and the less you will be successful.

But that’s not it.

I have the proof of seeing and knowing thousands of traders, this
has allowed me to witness firsthand what makes them successful.

The worst part about this is it’s totally unnecessary. It’s a complete
waste of your time and your life. When you understand the potential
in the e-minis and how to trade them, there will be no reason to look
anywhere else. All the opportunity is in one place.

Note: Don’t worry if you don’t know what e-minis are, I will explain
everything about them during the live trading sessions

I hope you found this useful…

Todd

http://my-trading-coach.com/ti

This entry was posted on Friday, July 17th, 2009 at 10:09 am and is filed under Recession, Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.