City Trade

           Stocks, Currency Trading & Investment Info





Take The Millionaire Test to See if you Qualify

February 29th, 2008

Take this six question test. Do you have the desire to make a million dollars or more? Yes or No Do you have at least two hours per day to devote to this desire? Yes or No Are you one who can take directions from a book? Yes or No Do you have the minimum risk capital today of $5k to $10k and if not are you willing to save to attain it? Yes or No Do you have enough sense to get the correct trading education before you start trading? Yes or No Do you write your financial goals down for your future? Yes or No

We are done with this test. There are six questions above; if you answered No to any of the above you really do not have enough desire to become a millionaire simply because you have no will power in your life.

Sorry, but it was you who answered the questions and I am giving you my thoughts.

On the other hand, if you answered YES to all the above, keep reading as the good news is there is hope for you as a millionaire! How?

First as an investor, stock trader, commodity trader, million dollar trader you must find the right trading education.

2nd: Once you find it, learn it well and then apply it into real life. Below are some serious hints to get you started on this million dollar wealth journey?

Keep your losses small or low and keep your winnings higher on average with 50% or better profits and on certain rare occasions take in upwards of 1,000% or more with Super Trade profits.

These Super Trades are very rare, but on certain occasions, do exist as you will soon see several times per year.

Then compound your winnings at least on a monthly basis for rapid growth. In case you are wondering what a Super Trade is, it is any trade that has the potential to produce for you a million dollars in profits within a 90 day period.

During my more than 20 years of trading, I have spotted several trades that have that ability. In fact, there are some trades out there right now that can generate that kind of action with adequate risk capital at stake once you learn how.

Did you know that you can actually have ten losing trades with small losses then have one or two big winners and come out smelling like a rose with very serious profits? That is trading sometimes.

You will find that some months it seems you can do no wrong and other months, nothing you will do seems to work into your favor.

It happens! When that nothing you do is right happens, take a two week vacation because you are simply not focused properly with your trading enough to win or your not doing the adequate research that is required to make you win at trading. After a vacation, start back up fresh.

You also need to learn the correct secrets of the trading world to amass millions quickly. Key secrets are needed to explode your profits.

First lesson: Learn to cut your losses early; 10% is a good stop loss, but you will get whip sawed a little bit.

If you have plenty of risk capital it increases to -20% or to a max of -25% for a mental stop loss is even better if you have done your research before you trade.

Remember this, if there is no risk, you can bet there will be no serious gain and please realize that every trade you do decide to trade is not going to win as big as some Super Trades that are rare trades.

You may just get three or four series of super trades a year. Hey, you just need one to become a millionaire trader so if you do not get it right the first time, keep trying.

You must learn to have discipline to become a savvy millionaire trader and also must learn that every now and then you must exit or offset your option trade and take a small loss if you’re going to make money at option trading.

It is simply a part of trading and far too few people who trade options do not realize that fact as a reality.

Wayne Miller has written two e-books and has traded serious money inside different stock and commodity markets. One is called The US Financial Crisis of 2007-2008 and the other e-book is called Opportunity of a Lifetime. Top Ten Books

Related Posts
  • How to Retire a Millionaire
    Once upon a time, a millionaire was a rare thing indeed. But that's not the case anymore. Of course, money has depreciated over time thanks to inflation, so that a million dollars now does not have the same buying power ...
  • Become An Automatic Millionaire By Applying The Power Of Investing
    Now, you may be thinking that a 12.08% annual return from the stock market may not sound very exciting. However, when allowed to compound over a period of time, it will turn small amount of capital into huge returns! In ...
  • The Stock Market Goes Higher In The Long Term
    Look at the historical performance of the US stock market over the last 50 years. As we all know, stock markets are measured by indexes. In the case of the US market, the S&P 500 Index (SPX) and Dow Jones Industrial...
  • Build Your Wealth With The Power Of Investing
    Are you wondering how you can make your first million without quitting your fixed salaried job? Have you saved up a tidy sum of money but have no idea how to make it grow? Are you looking for ways to build an additional ...
  • Run Your Investments Like a Business
    I have found that people who have made money consistently through their investments are able to do so because they treat it with same seriousness as they would in building a business or a second career. If you treat inv...

Posted in Currency Trading |

Comments are closed.

 

  • Home

Search


Categories

  • Currency Trading
  • Investing
  • Stock Market Investing

Archives

  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007

Blogroll

  • Article Archive
  • Articles
  • CCJ Loans
  • Cooking Recipes
  • Funny Insults
  • Game Cheats
  • Household Tips
  • Laptops & Computers
  • Lowest Rate Loans
  • Mortgage
  • Net Invest
  • PC
  • Play Online Games
  • Recipes

Meta

  • RSS
  • WP
Designed by growldesign - Adapted for Wordpress by Business Broker