Really, what is it you want?

I received a disturbing email the other day from someone who was complaining about the number of stock market programmes he was receiving via email. His complaint was, ‘if they are so good, why aren’t the advisors all multi-millionaires and retired on the French Riviera?’

Let’s get something straight here; Trading is a business, like any other business. Bill Gates did not become a multi-millionaire overnight, nor did he achieve his incredible success all on his own without mentoring of some sort, and he especially didn’t do it from sitting on his back-side. Regardless of whether you’re a self-employed welder, mechanic, deli owner, real estate investor, or stock market trader, if you want to become a multi-millionaire and retire on the French Riviera you have to do more than just your trade; you have to build a business.

If you think that just because someone tells you in their sales page that he can show you how to make a five figure income per month trading, and all you have by way of capital is a few thousand dollars, and a couple of hours a month to devote to trading, then you are the fool!

I highly recommend a book called ‘The E-Myth Revisited’, by Michael Gerber; in this book he explains why over 80% of businesses fail. Briefly; to succeed in business, three elements of a business must succeed, and they are the technical side, the managerial side and the entrepreneurial side.

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How do you choose the right trading system and market?

A lot of traders, especially those who have been trading a while without success, get trapped into thinking that if they change the market or the system they are trading it will change their results. This is not entirely true; however there is some merit to it that most don’t realize.

Every trader has their own specific resources. Resources are things like capital, time, skills, hardware, software, strengths etc. Because everyone is different, it is safe to assume that no two traders will have the same list of resources.

Those that succeed the quickest in trading are the ones that find the right system to matches their resources. Put another way, every system out there being traded has its own mechanics, and unless those mechanics match a traders resources, the two struggle to gel.

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If you hired a coach to help you build a trading business, and your coach asked you how much time a week could you devote to trading, what would your answer be?

Now is the heart breaker. Take your ROI% PA figure you are aiming for and write it down (if you haven’t read the previous post on determining if you need to trade, please click here and read it first). Now next to that, write down the number of hours you can allocate to trading. Now compare your results to the table below. Do they match up?

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Once the decision was made to found The Elite Insiders Group; BJ Dibbins, Dean Whittington and myself (Sean Rasmussen) got into action to put this blog together along with The Elite Insiders Group membership forum. The first question we posed was of course: What are we going to do that is unique to the rest of the market?

Well, that was a good question and we put our heads together.  It really didn’t take long at all to come up with the way we were going to help the average stock maket trading “beginner” to get established in their learning path to trading the market successfully. 
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The Trading System blog is starting up any time now. Please register and you will receive email updates when we post our next Trading System article for the Elite Insiders Group.

You can join this group free by registering on this page. We also have a members only forum called Elite Insiders Group for more advanced users.

Welcome and enjoy!

Sean Rasmussen
Elite Insiders Group - Trading Systems
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