February 9
Nobody wants to remain in the same financial situation. Not even the rich. The rich continue to look for opportunities to learn, grow, invest and more. They continue to network and explore ideas.
We believe that you are trading or considering to trade to make more money and lead a better life. However, if you trade just for money, you will be missing out on a lot more.
Granted – some of us are struggling with our daily living. This shouldn’t stop us from thinking bigger.
When you realize that you can contribute to society with your money (and time if you have the freedom and flexibility of time), you will be motivated to learn and improve on your trading. You will look forward to trading.
What are these large goals? It could be starting a business or becoming a partner of one which has a positive impact on society. It could be charitable in nature such as aiding in the construction or renovation of a hospital. It could even be freeing yourself from the rat race to teach the less privileged for free!
Whatever your big goals are, they will have a positive impact on your trading.
Sticking to your trading plan will be much easier too.
You will start thinking of opportunity cost. What other stock could you have bought had you not bought this particular stock?
Eg. You are analyzing the chart of Amazon. Each share costs $2000. What else could you have bought or invested? You may even choose to stay out of the stock market if it is more volatile than you are comfortable with.
As you think deeper, you will think of ways to lower your transaction costs so that your capital can go way further. You can do so by choosing the right broker which suits you.
Logical thinking will be at the forefront of making decisions, especially so in times of hype and hysteria. Remember the sudden rise of Bitcoin? Bitcoin was all over the news in late 2017 when it was exploding exponentially in price towards $20,000. Bitcoin remained in the news in early 2018 as its price collapsed.
Does the chart of Tesla (below) look familiar? Is the media talking about Tesla? Do you want to be vested in this parabolic move?
Having a goal that’s bigger than yourself benefits everyone. You will be kept sharp while you trade, be relentless on improving yourself, be more careful in assessing stocks and benefit the world with your time and treasures. Speak to me and let’s work on achieving this huge goal of yours faster!
#1 Register for our market outlook webinars by clicking here
#2 Join us in our Facebook Group as we can discuss the various ways of applying this by clicking here
#3 Never miss another market update; get it delivered to you via Telegram by clicking here
#4 Grab a front row seat and discover how you can expand your trading arsenal in our FREE courses (for a limited time only) by clicking here
Trade safe!
Here Are The Articles That Might Interest You
“Power 10!” That’s the command to deliver 10 of my most powerful strokes. I fondly recall the trainings and competitions I’d participated in as a rower. Though training was insanely tough, the camaraderie spirit was strong. My teammates and I hung out and worked out together, pushing each other to become stronger rowers. The SEA
Read MoreDo you remember how you met your partner? How did you ask him/her out? I met my wife in school and I’d mustered the courage to ask her out one day. These days, our circle of friends is larger, thanks to technology. And this week’s swing trading opportunity has been benefitting from the rise in
Read More“Boss, I’ve just transferred $200. Please check. Thanks!” 3 minutes later, I received a call. It was the boss whom I had just sent money through internet banking. There had been an issue with my bank transfer. I had keyed in a wrong amount, sending $2,000 instead of $200. Thank goodness, he was honest. Even
Read MoreLoved this? Spread the word
Our supportive online community is the best place to learn together with others just like you.