Friday, July 17, 2009

My economy is GREAT Now

My economy is GREAT!
Good news from a newbie...bought into a bearish hedge position on Monday 11/17 at $4.95. Sold this morning, 3+ days later at $7.31! It was paper money, but I'm thrilled to see that when one follows the rules, emotion is stripped away and the results can be great. Now I read the dour business news, and just smile. As T. Harv Eker likes to say, "My economy is GREAT!"

Aaron Weiner Irvine, California
I am a VERY Person Now
I'm pleased to announce that I took my first trade on the SPY this week. Monday AM I bought a strangle with an 87 Put and a 90 Call. The formula gave me a target price of about $80. I thought that was too far to expect it to swing & calculated a $1 profit with a target of $82. My sell order closed today with a profit of $85 and I am a VERY happy man!

Thank you so very, very much!


DONALD TORES S JNR., OPTION INTL LTD, CO"

Back in 2008, I was working 70-hour a week in my day job.....

Stress out and no much time being my wife and my 9 year old daughter.

At that time, I was making a 6 figure income a year with Unisys in Singapore as a Finance Director.

As with most technology company at that time, cost cutting is a very common. I still have my job but my finance team is getting smaller and smaller each year but not the work.

And then it occurred to me...

I can't possibly continue with such stressful state and I was already reaching 40.

I was tired of the long hours....

I have money but don't have the time.

Yes I also realized I only have one source of income, and if I lost my job, it was going to be very stressful for me and my family.

So I asked myself what could I do to allow me generate a second source of income within my busy schedule until such time I have more options to leave my stressful job....

You know what......

.......a friend recommended me to read a book called "Rich Dad Poor Dad" by Robert Kiyosaki, and Robert teaches about "how the poor and middle class work for money but the rich knows how money works for them and that's why the rich gets richer and the poor become poorer...."

I immediately recognize the power in that concept...

So I continue to do my research...

In one of Robert's work, he specifically mention that there are 3 types of investors...

Firstly, it is the losing investor, those who lost money whether stock prices go up or down.

Secondly, it is the average investor, those who only know how to make money when stock prices go up but lost money when stock prices come down.

Thirdly, it is the qualify investor, those who makes money regardless if the stock prices go up or down.....

Right then, I decided I want to be a qualify investor....

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