#TuesdayTip- Why should you bother?
#TuesdayTip is a series where I share small but crucial tips and easy strategies. You can access all #TuesdayTips by clicking here. If you are new to the website, the Categories page would be a good place to start.
I've been saving this post for a while. I decided I would post it when you my readers started getting demotivated.
I took a couple of polls yesterday and today's post deals with the questions I asked.
I have made a video and also a write up for those of you who prefer to read.
So here's the video (or if you prefer reading, you can continue reading below):
(Link to video on youtube: https://youtu.be/gmYmTVRUP1c)
There's two reasons why people don't trade:
They can't believe it can be easy.
They are unwilling to put the little effort
Let's first deal with you thinking trading is not easy.
Why do most people think so?
I think there are two main reasons- Movies and Stories
-Movies of people trying hard and putting in so much effort that you feel you are better off not getting involved in any of it!
-Stories that say to trade you have to be super intelligent, with a background in commerce.
-Stories of your friends and relatives who lost all their money in stocks. (I hate this story the most)
I just have one thing to say to these- Not 100% true!
The movies are on traders who's only job is trading. That's not us. We will do simple trading with simple reasonable profits. We will go on with our normal lives!
You don't have to be super- smart! You need to know the following:
-How to use a computer
-How to add and multiply
-How to read a chart (A really simple chart)
Know all this? Great! You are ready to be a trader!
And finally the story of some Mr. ABC who lost all his money!
Frankly, he was plain stupid.
He made a mistake and you know what! Without knowing it, you have already avoided that mistake!
What mistake?
He didn't learn! He didn't know what he was doing!
The fact that you are on my website is proof that you are learning and know what you are doing.
The second reason - People unwilling to put effort!
The kind of trading I'm showing you is super easy!
I'm showing you a way to earn money sitting wherever you are. With the things you already have! An extra and almost effortless stream of money for you!
Agreed it doesn't earn a truck full of money.
You may not be able to buy a Ferrari using these methods!
But you sure can earn more than the big fat ZERO which you are earning if you are not trading!
I have taken the effort of bringing the information within your reach.
I've made it easy.
Now it's up to you! Actually watching my videos and reading the posts is your responsibility.
Here's what you need to trade:
An internet connection and a Mobile/Laptop.
A broker account (I'll show you how to open one in another post.)
Money (As little as Rs.5000)
Knowledge (Which you're getting free from me!)
If you still are unwilling to trade, then my friend opportunity is knocking at your door and you have turned it away.
Not very smart.
Call to action:
Let's face the cold hard fact of living,
No efforts, No rewards!
Understanding the strategy may seem tough at first. But believe me. It is a one time effort.
Just one time.
You go through it once, you'll understand it for life!
So it's time. If you want to really learn, if you want to make money, pick yourself up, head over to the strategies page and start leaning!
Stay tuned for this week's #Spotted update. Made a blockbuster trade! 17% up!
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Please note 'Simple Trading' is an educational website and not for investment advisory services.
Do not take trades just because I spoke/wrote about a stock, take trades only when you understand the strategy because the risk is solely yours.
You must know that trading involves risks and no strategy is 100% right. Losses are possible and expected.