This fortnight's success tip comes from John X, a successful Options Trader on the Stock Market. John has asked to remain anonymous but hopes his story will inspire other traders, of any age, to achieve financial success.
What are some of the general trading rules you live by?
In any given trading period, if there is no stock that fits my criteria then I simply don’t buy. Too many traders buy stocks just for the sake of buying. If nothing comes up for a few days I have the patience to wait until another one comes along. I am a lot more patient now than I was when I started trading. I am also much more calculating about the way I do my trading now.
My general rule is to remain in long-term trades because you can go broke easily in short-term trades.
How would someone go about acquiring more information about trading options?
I am a very strong believer in attending seminars. I always gain useful knowledge from every seminar I attend. Someone starting out should find a system and instructor that they are comfortable with. The trading strategy should match the style of the trader and they must be prepared to stick very closely to the trading rules and plan.
What advice do you have for aspiring traders who feel they have missed the boat or are ‘computer illiterate’?
Well, I was over 64 when I started learning how to trade. I had never turned a computer on in my life; never even held a mouse in my hand.
When I started trading, I was advised to use a software program called Bourse Data. I learnt enough on Bourse to be able to trade, but couldn’t use anything else on my computer, like email. Looking back though, I wish I had the time, or had made the time, to learn how to use the computer properly.
I believe it is never too late to start trading. In fact, to become a successful trader I think it is a huge advantage to be older. I sincerely believe that anyone over 60 years of age has more knowledge, more ability and more maturity to make trading a success.
To discover what you can do to change your strategy and improve your results, read the complete interview with John X.
Shaun Stenning
Here's the fifth in our series featuring the amazing people we met in Sydney in August - Internet 'Whiz Kid' Shaun Stenning.
Do you want to learn how to increase sales, increase your database, increase referrals, increase traffic, increase your profits and increase your marketing results by increasing your knowledge of internet marketing? To do all of this, you will want to read Shaun Stenning's advice on internet marketing.
Shaun is the general manager and co-owner of Sure Fire Marketing, one of the fastest-growing internet marketing businesses. In its first three months, due to a rapid expansion of the business, Sure Fire Marketing experienced a 400 per cent monthly increase in staff numbers.
Shaun's knowledge and experience with marketing is extremely valuable, especially in regard to the internet. Shaun has expert knowledge about generating traffic (eg: pay per click advertising), testing and measuring, converting sales, search engine optimisation and much more!
Shaun Stenning is passionate about marketing and passionate about the internet. Take some time out to read this Printed Interview with Shaun and you'll understand his passion.
Until next time, here's to your Success,
Richard and Julie
Creators of *Own Your Life Club*
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