Must Watch Video from Tony Robbins...
13 Responses to “Must Watch Video from Tony Robbins”
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An Option Traders Best Friend...
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What Does Your Mind Cling To?...
3 Responses to “What Does Your Mind Cling To?”
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Robert Carr says:
I started racing sports cars at age 69. What do you think?
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Jeffrey Post says:
Jeff,
We have definitely been trained that way! We are trained to go to college and get a good (stable and safe) job. We are also taught to diversify our investments and invest for the long term. What a falacy.
I just read the latest book by Robert Kiyosaki, “Conspiracy of the Rich: The 8 New Rules of Money”. This book confirmed many of the things that I thought were true.
That is why I invest using credit spreads. I can move in synch with the direction that stocks and market indexes are moving. Monthly icome generation is the ONLY way to go!
Jeffrey Post
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Jeff you are spot on with #2 I have been
one of your members for over a year now and,I still am having a hard time pulling that first trigger to just doing it and start paper trading.I’m so close I can taste it,but none the less it has just not happened.The fear & uncertainty must run that deep.
P.S. next time I contact you I want the light bulb burning bright,and heading for the alstars group.
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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,
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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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Great video. Exactly how I’ve felt for months but could’ve not come up with the right words…..Of course Tony Robbins “nails it”. Thank You Jeff!!!
George, You’re welcome. Glad it was helpful. He articulates very well what not just you, but MANY people have felt.
Have a great day!
Jeff
Makes more sense than the money pundits on TV.
Stan – indeed!
Hey Jeff, This was a great reality check for me, thanks for posting. I hope you’ll follow up on your membership site with a refresher on protective strategies.
Hi Tami,
Glad it was helpful. The message is so important, I think you and I… and every other person reading this… should share this short video with everyone we know (there is a little button called “Share This” and you can send it to others).
You’re welcome
As far as protective strategies go… after watching this video from Tony, I’ve decided I’m going to make a video showing exactly how someone could protect themselves from a sudden catastrophe. Then everyone who watches it can share it on Facebook and email to every friend they have so that no one is in the dark. I made a killing in the first collapse, and I plan on repeat performance if it happens again. Stay tuned…
Have a great day!
Jeff
When you have a wealth of knowledge scattered in your brian sometimes seeing a clear path means using your time given to give. Thanks for sharing your knowledge!
Tobe, no problem…
Thanks for the valuable things you bring to us! Are the optimists crying out that there will be no double dip wrong? It sure looks that way. I believe credit spread trading, done the right way, can be one of those valuable tools Tony was talking about! Maybe one of only a few available to the masses.
Jeff,
Thanks for the video – it certainly does sum up what we’ve been looking at in the membership site.
It’s a great feeling to be able to look ahead with confidence instead of fear, knowing that I’m positioned to do just fine if and when this downturn comes.
Thanks so much for all you do!
Best Regards,
Bill
Jeff,
In case you didn’t see this piece with Kyle Bass, it’s a must see (the second video is outstanding). He saves the best line for last: Q: “are you as negative now as you were in 2008?” A: “I’ll answer that with a question: how many problems have you solved by kicking them down the road?”
http://www.ritholtz.com/blog/2010/08/kyle-bass-investment-market-ideas/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29
Rebecca, sure thing! Credit spreads, *traded correctly* indeed is a tool thats not just for protection… but also for profit… in these times.
Have a great day!
Bill, thanks for the comment. Its an amazing feeling to be able to look at the future with confidence… knowing that you have the necessary tools to consistently pull money from any market…. especially when everyone else is scared. Good job on applying this stuff, Bill!
Jeff