Engineering Regular Income and Profits from Your Trading

Today's article is from my trading partner, Brian McAboy of Inside Out Trading.  Brian is a retired engineer and has a rather unconventional yet very effective approach to helping people become successful traders.  He's been helping traders for over 11 years, so he's been around long enough to know what works and what doesn't.

Take just a minute for this.  You'll be glad you did.

There are two very specific success traits that pertain to you and your trading. The first one is absolutely necessary for you to give yourself a reasonable chance of making it. And the second one is to keep you from wasting tons of time, money and psychological capital

Now as you know, trading is not a "get rich quick" kind of activity. This is NOT a place where anyone off the street can stroll in, grab a system, start throwing money at the markets and live happily ever after. Just doesn't work like that

Trading IS a true profession, a skill based occupation, and not a place for the squeamish or weak of heart. So for a person to expect to be "living the lifestyle" overnight is just not realistic. But the question then becomes, "How long should it realistically take?"

Too many traders let things go way too long in a less than satisfactory state

They simply let time to continue to pass, doing things generally the same way they have been for months on end, with the same disappointing results, well beyond what is really a reasonable time to allow

You see, there are generally two aspects of patience when it comes to trading:

1. You have to be patient enough for things happen, for your trading to develop and mature.
2. The other side of patience is knowing when you've reached a point where it's pretty obvious that your current approach just isn't working and it's time to stop, reassess, and change course.

"How long should it take?" is a common question, and the real answer is that you can get to the point of real, business like, reliable consistent profits in 3 to 6 months, a year at the outside

If it's taking YEARS, then something is wrong and you're really just spinning your wheels, wasting time and money and cheating yourself out of the success that you should be enjoying. There is also a huge personal cost to letting things take longer than they should

One trader expressed this very well,

"I've been trading futures for about 9 years now with inconsistent results.  I've made the usual mistakes, buying too many courses, focusing on the results not the process and being too impatient to trade to wait for valid setups. 

After listening to your video this weekend where you make the distinction between being patient in the beginning and giving yourself time, and beyond a certain point (3 - 6months) considering that it may be time to be impatient about your progress, this made me realize I've been allowing myself to coast for far too long, and that's impacted my confidence and the belief that I can turn trading into a business with a consistent return." 

Complacency, NOT being impatient when it's time to, is one of the biggest cost centers many traders have

There's the financial cost of missed profits and unnecessary losses, plus the opportunity costs of not enjoying the fruits of your time being spent on other matters of course, but she noted the personal, psychological cost as well

The thing is, you chose trading so that you could have freedom, financial and time freedom, not a J-O-B. You wanted trading to be a truly enjoyable activity that generates income and wealth and provides security and peace of mind

If you've been trading for more than a year, and your trading is not where you want it to be, nor is it really even close, and looking at the trajectory that you're now on, it doesn't look like you're going to get there anytime soon, then perhaps it's time to consider a different approach. That's why I suggest that you check out the training masterclass I created for you

Here are the details on the masterclass,

 "Rewrite Your Trading Story"

How to become a confident, consistent and profitable trader in 60 days or less even if you've never had a profitable month.

Here's what you will discover....

• The "Little 3" and the "Big 3" and Why the Wrong Focus Will Have You Chasing Profits Forever
• "The Gap" and How It Keeps Traders Jumping From One System to the Next, Without Ever Realizing The 'Easy Consistent Profits' Promised by the System Sellers
• One Specific 'Hidden' Lie Traders Tell Themselves That Continually Drains Your Time, Capital and Confidence
• Why Self Sabotage Goes On For YEARS For Most Traders, And How To Permanently Eliminate It From Your Trading
• The Four Stage Process To Make YOUR Trading Profitable And Predictable

Click here to register and move the needle in your trading

See you in the markets!
Brian McAboy
Trading Business Coach

Heads Up......Bill's 4 Part Options Course is Disappearing

Access to all of Bill Poulos's awesome free Options Profit Mastery training videos is shutting down this Tuesday. So that gives you just a few more days to make sure you capture all the training.

This is simple. Go here, take notes, then trade options like a pro......Just Click Here

We have confirmed with Bill's office that he WILL be closing his "second chance" enrollment into his full Options Profit Mastery program late Tuesday at 11:59 pm Eastern time.

See you in the markets on Monday!
Ray's Stock World


Make sure you get our latest FREE eBooK "Understanding Options"....Just Click Here

Live Options Training Today.....Register Now!

Just a quick reminder that the first live "Instant Options Income" webinar training happens TODAY at 4 pm Eastern (1 pm Pacific). PLUS, you have just 24 hours left to get in to our Instant Options Income program before it closes this Wednesday.

Here's what you'll learn.....

   *   The strange "flaw" around how most people trade options that almost anyone can exploit to potentially earn up to 2% every 7 days, averaging up to 30% every year.

   *   The special 2 part trade that automatically creates "instant income" that's deposited into your trading account every Friday when you place the trade.

   *   The 5 step "Options Optimizer" Method that you can use to find the very best stocks & ETFs for use with this strategy.

   *   The step by step 'trading blueprint' that reveals how everything works together.

   *   How you can start trading with this approach in less than 20 minutes per week

   *   And a whole lot more!

This is the "best of the best" from Bill Poulos's Instant Options Income training website... PLUS, you get to chat LIVE with him after the presentation in case you have any questions.

Please don't forget......

   *   The training is open to the first 1,000 people who register.

   *   There will not be a recording of the webinar, so you must attend.

   *   There is no guarantee you will make 2% every 7 days (no one can guarantee that), but that is indeed the goal and you'll learn everything you need to know to go after that.

Click here to register for TODAY at 4 pm Eastern

Click here to register for WEDNESDAY at 9 pm Eastern

See you on the live training!

Good Trading,
Ray's Stock World

p.s. You have just over 24 hours left to get into the Instant Options Income program before it closes at 11:59 pm on Wednesday, so if you're ready to enroll, go here:

Live Options Training Today.....Register Now!

 

Is it ever smart to....Bet the Farm?

A true story in the middle of a training video we recently watched left us totally flabbergasted. It was about a guy who scraped together every penny he could put his hands on and he "bet the farm" on a single trade. That’s how sure he felt about winning. We think you’ll be shocked when you hear the outcome. We know we were.

Just Click Here to Watch the Video

But then again, this video is full of surprises. In this video you actually see, firsthand, how the Tiger Woods of wealth creation, the man who has won more international trading championships than anyone else in history generated $4.985 million in actual profits with 95% winning trades over the past 5 years. That's $5.776 million in actual cash income from selling option premium over the past 3 years alone and $1.023 Million in profits in just 26 days of trading.

And when we say firsthand, we mean to say you’ll see the entire trade selection process demonstrated in detail, nothing is left out or left to the imagination.

Not only that, they’re all real live trade using real money and producing real cash profits. No hypothetical mumbo jumbo about it. This is the real deal. In this training series you see exactly how the trades were selected and you'll find out where you can find the necessary trading tools at no cost. And you'll learn how you can do it all yourself.

If you’re even the least bit interested in producing a reliable income you don’t have to work for or if you’re already a trader but you’d like to boost your profits and your percentage of winning trades. Or maybe you’d simply like to "sharpen the saw" as Covey puts it in "7 Habits of Highly Successful People"

We think you’d be crazy to pass up this chance. Be sure you watch the video all the way to the end because in the last five minutes you’ll learn the real reason why most people, even if they have a good system and the best of intentions, fail to reach their financial goals. And more important, you’ll discover an easy way you can overcome the problem and achieve the success you deserve. Something you may have never seen before.

After you watch the video please leave a comment and let us know what you think.

See you in the markets,
Ray's Stock World

Don't miss "Is it Ever Smart to Bet the Farm?

How to Beat the Market Makers....Free Webinar with John Carter

John Carter of Simpler Options is going to teach you more in this one hour webinar, than you could learn in 3 months. And he's doing it just for you....our readers. Register here asap since John does limit seating.

Here's what he'll be covering...

*     How to be on the same side as the Market Maker
*     How to protect yourself in a trade
*     How to pick the right stock at the right time
*    What Wall Street doesn't want you to know about weekly options
*    The one simple trick to put the odds in your favor

And much more

This timely webinar will take place online but seating is limited due to the high demand.

Click Here to Register

After you register you will receive reminder emails automatically so you don't miss the webinar. I don't know if they'll be recording this, or if he'll ever share this information again, so don't miss out.

See you in this free training class.

Then we'll see you in the markets, as we put John's methods to work,

Ray's Stock World


Be on right side of this market, protect yourself, BE HERE

Are you trading with us....or against us?

Our trading partner Doc Severson is giving away one of his favorite options trading strategies. He just released a few copies of this new & revised version of  The Iron Condor Trading Strategy as a way to restore hope to struggling traders. This is not a promotional tease, it's a 100% fully disclosed options trading strategy.

Having looked at the new version myself I can tell you that you are going to want to reference this material over and over so be sure to save it to your computer while the link is still live.

With it's limited availability you'll want to click here to Download Your FREE Iron Condor Trading Strategy PDF file right away.

Doc offers a really unique perspective on options trading and chances are this will be the first time you've ever seen a trading strategy like this before. This system is so simple that you'll be able to go into the markets and trade it right away. This strategy is detailed in an easy to understand training video and blueprint with no strings attached.

Now you decide, are you trading with us or against us?

See you in the markets,
Ray's Stock World


Download Your FREE Iron Condor Trading Strategy