All Star of the Month...
3 Responses to “All Star of the Month”
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Success Requires Focus...
4 Responses to “Success Requires Focus”
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Tony Monk says:
Whats funy is that poeple always want some sort of advice to where they should be or should not be in life, well you are axactly where you should be right now, just keep fowllowing the path your on now. Look for all opertunities that will lead you to your financial goel and follow that path to financial freedom, do what you love and the money will fowllow.
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Michael Cunningham says:
Never stop studying; there is always sometingg new to learn
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Brian says:
Something I’ve often told college students recently is that both of the industries I’ve worked in during my career DID NOT EXIST when I was in school (Fiber Optic communications and Networked Computing). Graduate school will give you more tools, but your imagination and enthusiasm will allow you to apply the tools in any field you find yourself in. As Jeff said, keep trading to hone your skills, go to grad school in finance/business or whatever only to help you with the analysis of opportunities to bolster your trading.
And finally, look to “a job” right now following a passion, hobby, or talent. Your trading is the goal, you can set aside money from whatever you earn, small amounts or large. If you can “sharpen your saw” as you work through your career, you will have a fulfilling life and no regrets to look back on.
All the best,
Brian -
Ken S. says:
Kenneth,
Great going on your trading, don’t quit. Here is what I follow and it works every single time. “Follow you passion and money will come.” I love trading and have become very good at it. Jeff is right, master one strategy. Know it forwards, sideways and backwards. One book that really helped me is written by Mark Douglas “Trading in the Zone” Stick with it.
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Three Feet From Gold...
4 Responses to “Three Feet From Gold”
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robert says:
i couldn’t agree more with the subject of this post. after spending 25 years in a career that i loved and exceled in it was apparent that i was being put out to pasture due to changing times demographics etc.. several attempts at the real estate game and there were some victories and a few defeats. at this time along came j.z. and credit spreads. i knew this was in fact “the perfect business” but after getting the course and starting out strong old habits took over and i was back wasting time and failing to act on what i knew would serve me well. last summer i got re-invigorated and got back into trading and trying to soak up every bit i was able about credit spreads. i’m going to take this topic out even farther. after having modest consistent success i got careless and veered off and got destroyed by failing to unwind my RuT trades last month. as a result i lost 2/3rds of my trading account. after about a week of feeling sorry for myself and thinking about j.z.’s story of burning the ships i’m back at it again trading spreads. i refuse to give up and know that if i trade according to the plan the desired results will be achieved. i’m just sorry it took me this long in life to realize attitude is paramount. it’s not what happens to you in life that matters but how you respond to it. instead of looking at last month as a tragedy i’m counting it as a valuable lesson not to be repeated.
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Wondering if Three Feet From Gold is any reference to the story of RU Darby, who did just that stopped mining for gold and it happened to be three feet from where he stopped mining.
Napoleon Hill wrote about that story in his classic Think and Grow Rich. Darby’s story is on point of never giving up to be successful. I think I will need to check this book out as well.
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Paula Vasey says:
Hi there,
I have just read your email this morning
and it has put a spring into my step.
I’m going to find that gold.Thank you
paula.
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Rich Duggan says:
Kenneth & JZ: To whom much is given- much is expected. Pushing oneself – further past any safety zone – is always a risk. Yet , if you want to find the “gold” – it’s a risk you must take. Look up Teddy Roosevelts famous quote on folks who try vs. them that don’t.
Ken, I will tell you that an education is never a “waste” of time. Going to grad school or studying for the CFA is an excellent hedge in these ever-changing times. Also, as one gets older, a well rounded (mentally) individual is a more productive one – fiscally and in community.
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Kenneth,
Congrats!! if I had only known this when i was 21 things would be vastly different for me. Although this has been life changing for me at the ripe old age of 38, i can only imagine my life plan had I been aware of these techniques years ago. To your contunued success!!
Dan
Kenneth, with the attitude you have with this, I wont be surprised if you end up one of the best option sellers who ever lived. Remember that you are exactly where you are supposed to be right now. Keep that burning desire burning, you are truly inspiring because of your age. I recommend that you read the book called (the power of the subconscious mind) you will find that this book will help, it has helped create miracles in my life. There are also other very good books, but this one is a good start, trust me. Its by (Doctor Joseph Murphy)
Congratulations, Kenneth. Way to go with the positive attitude you have. My Dad also did some option trading and got me interested in the “covered call” concept many years ago. Since then I’ve studied options, traded many different strategies, enrolled in a few online courses and done fairly well. But taking JZ’s course and being a site member was one of my best decisions. I find myself using his system more and more often simply because it works consistently and is a really fun way to generate cash flow. I want to pass on this valuable info to a family member who will be graduating high school in a few years. I have great fear that with the economy being so bad, he’ll be hard pressed to find a decent job. If I can help him learn how to generate “cash flow” using credit spreads and some other trading techniques, then he’ll be “covered” and can more easily continue his education so as to qualify for some of the good job offerings in a career that he loves. Anyway, Kenneth, I wish you the best and a bright future.