Today we are going to talk about these "Get Rich Quick Scams"
that you see when trading Stocks and Options.
Stay tuned.
It's unbelievable.
Every day I see these emails and ads that promise people unbelievable returns with Stocks and Options.
Right now here, I'm looking at an ad that promises -
1,185% return!
And the sad thing, there are many people falling for this!
Why?
Because they want to believe.
They want to believe that it is possible to get rich quick overnight.
And that's why so many people play the lottery.
We want to believe that it is possible to make a lot of money with little to no effort.
And this is why so many people fell for the Bitcoin hype.
You remember when Bitcoin was going up like crazy?
And now crashing down below $10,000.
You see it's really interesting that people only believe the get-rich-quick approach -
when it comes to Stocks and Options.
Have you ever noticed that?
Because imagine: you saw an ad saying that -
you can have a job in which your salary increases by -
"1,185 percent"
You would think they're crazy!!!
And if you saw an ad saying that your house will appreciate 1,185% in the next three months -
You would think they lost their mind!!!
And if you saw an ad saying that your business will grow 1,185 percent in the next 30 days -
Well, what would you think?!
You wouldn't believe any of this would you?!
So why do people believe that it is possible to make these returns with trading?
Now, don't get me wrong.
It is possible to make money with trading.
See I've been trading for a long time.
And I know that it is possible.
And I also know that people who invest the time and money to learn how to trade -
have a really good chance of success.
I also know for a fact that most people who believe the hype -
that you can double your money within a couple of days -
Are typically losing it all.
Let me be clear.
There is "NO" get rich quick with stocks.
Trading is a profession.
Trading is a business.
Yes, you can make money with trading.
"IF".... you invest the time to learn it.
Yes, you can make money with trading.
"IF".... you take the time to practice.
Yes, you can make money with trading.
"IF".... you have the discipline to follow your plan.
Think about it this way.
Do you believe that it is possible to make a $100 per week on a $5,000 account?
So let's say that you have a $5,000 account.
Do you think a $100 a week is a realistic goal?
I believe so!
I believe a $100 a week is a realistic goal.
Now let's think this through.
If you would make a $100 per week.
In a year there's 52 weeks, so that's $5,200 in a year.
Now you made this on a $5,000 account.
So, you could possibly double your account within one year.
But you see, most people are not patient enough.
Most people want to double their account in a month.
Most people "hope" that their stock explodes and makes 1,185%.
You know what?
I'm glad that that you and I, that we are not most people.
You are different.
And that's why I like you.
So this is why I'm doing this Coffee with Markus with you.
To show you what is possible, what is realistic.
Yesterday we talked about it.
Yes I did make 58% in a month on my account.
No doubt, it was a great month!
But you see this month, maybe I make 20%.
Maybe 10%.
It doesn't matter.
If you can make 60 to 80 percent per year, you'll do really good in stocks.
Believe me!
So stay away from all this of that promises you -
"the secret" of making 1,185%!
You're much smarter than this!
You know that it is possible to make money with trading.
And you also know that "trading is a marathon, not a sprint".
It doesn't matter if somebody doubled their money in a day or two.
Did people make money on Bitcoin?
Of course!
No doubt about it that there were some people who made money with it and cashed out.
But you know what, more often than not, it was about luck.
And I don't want you to rely on luck when it comes to trading.
I want you to be able to trade for an income.
Whether it is an additional income, a part-time income, or a full-time income.
It doesn't really matter.
So keep this in mind when you're looking at these ads.
Who are promising you these fantastic returns.
Trading is a marathon, "not" a sprint.
Yes, I believe it is possible to make money with trading.
And I also believe that "slow and steady" wins the race.
Because if you only make $100 a week, you could double a $5,000 account within a year.
Is this making sense?
Hit "Like" if you agree with me.
And "Share" this with somebody who needs to hear this message.
And you know what, "leave a comment" with the most outrageous claim that you recently heard.
What was the most hilarious and outrageous thing that hit your inbox -
or that you saw floating around the internet?
I'm really curious.
Again the one that I found, just looking through some mail here was, 1,185%.
What are you getting?
Anyhow, hope this helped.
And I'll talk to you very soon.