Today, we are going to talk about -
"The Number One Reason That Stops People From Getting What They Want"
Let's get started!
Welcome to Coffee with Markus!
Today, with my favorite coffee mug - the one from my daughter Vivian.
A high-five for Vivian. Yes, she painted this herself.
Today's topic is -
"The Number One Reason That Stops People From Getting What They Want"
And what is this? It's the lack of "Focus!"
Yes, I prepared a few cards for you today.
So the lack of "Focus" is -
stopping people from getting what they want.
People who focus on what they want, they "prosper". People who don't, "struggle".
So let's think about it. Let's say you want to "make more money" right?
So what are the ways that we can make more money? In my book there are three ways to make money.
Running a profitable business.
Investing in real estate. And of course, trading.
And by trading I mean Stocks, Options, Futures, Binary Options.
It doesn't really matter. So let's let's talk about business first.
Many people start several businesses in their lifetime and fail.
I hear from people who are starting a business about selling greeting cards, right?
And that they have a garage full of greeting cards, and it doesn't work well.
So the next thing they move on to is, maybe selling candles.
You know these MLM businesses, they're all around right?
And this is when they invite people and say, "oh you, want to buy my stuff"
Or they might have a great idea to start a business, but they're not taking it seriously.
And this is why a business fail.
Let's talk about real estate.
When looking for real estate - same as in trading -
You look for properties that are cheap, and have the best potential.
And this means you have to make several calls. You have to put in several contracts.
When I used to buy single-family homes, it was not unusual that I passed on -
four or five, maybe six opportunities -
before I finally bought a house that I thought was a great opportunity to put renters in.
Now when I moved on to apartments, I know that before I bought my first apartment -
I looked at "12" apartment houses.
12 apartment complexes actually, to make sure that I found the one that fits.
But you see I was determined and I had to focus. Now when it comes to business, for me personally -
I am fully committed to Rockwell Trading. As you know, this is my business.
Because I know that this is where I can help you make more money - with these tips obviously.
And then if you're interested, in learning how to trade Stocks and Options.
Yes, I'll be happy to show you this.
Now let's keep talking about trading. If you're interested in trading, let me ask you honestly.
How many webinars did you attend?
How many trading strategies did you check out?
I mean you know right now, as we are recording this, cryptocurrencies are just crazy.
In December everybody was all around cryptocurrencies.
And even now, we are recording this today, it is January 17th -
This morning in my inbox, I had 10 emails.
10 emails!!!
Offering me a cryptocurrency trading course. So yes, I know that it is easy to get distracted.
But here's what I want you to consider?
Choose "one" strategy. Choose a trading strategy that "makes sense" to you.
For many of the people who work with me, many of them are traders -
I recommend the "Seahawk strategy".
It's a day trading strategy for trading the futures market.
Now if you can't day trade, there's other strategies.
Just let me know, and I'll be happy to recommend some to you.
But then, focus on this "one" strategy.
Trade it on a simulator.
And we talked about simulators before. Yes, you can trade without risking a single penny.
And this is what you should do
For at least "40 trades", keep a trading log. Write down, what works and what doesn't.
"Evaluate!" Okay, when did I make money, when did I lose money?
As an example - for me personally, I used to make money in the mornings not in the afternoons.
This is what happened to me. I made some money in the mornings, lost it in the afternoon.
So what is the easiest way to improve my trading? Stop trading in the afternoons.
And that's what I do. I do not trade after 9:00 o'clock central time.
My preferred trading time is between 7:30 and 9:00 or 8:00 and 9:00 o'clock.
That's perfect for me and my style of day trading. I also, do not trade on Fridays -
Because that's what I realized. I made money on Monday, Tuesday, Wednesday, Thursday -
and then I gave it back on Fridays.
So what was the easiest way for me? stop trading on Fridays.
But you see, you will only see what works if you stay focused and don't get distracted.
You see that's a beautiful thing. It applies to all areas of life.
It doesn't matter if you're currently running a business or you're investing in real estate or trading.
Just think about it.
How much further could you be in life if you would have just focused on one thing?
By the way that is an excellent book.
There's a book from Gary Keller it's called "The One Thing"
It actually helps you determine what that "one thing" is, that you should be focusing on.
And you see in another "coffee" episode we'll talk about -
"What should you be trading based on your account size and your availability to trade"
So we'll probably do this in one of the upcoming coffee episodes.
But for now, I just want you to focus on one thing. And here's the important thing.
Do not only focus on one thing.
But once you have identified that one thing that you want to do -
"Commit" to it, okay?
Just say, "Yes, I'm gonna do this!"
If you want to make money with Stocks and Options, or with trading in general -
then put your head down and say,
"That's what I'm focusing on!"
And if there's a business opportunity coming along -
pass on it!
Say, "Not now! I'm gonna commit to making trading work!"
And then of course, you got to "take action"
And this is what I wanted to tell you - Yes! Start on a simulator!
You don't have to jump in right way, okay?
Just, stick to one style of trading.
Stick to a trading strategy for at least 40 trades.
After 40 trades you're allowed to evaluate this trading strategy to see if it works or not.
Alright so, in summary -
The "lack of focus" is the number one reason that stops people from getting what they want.
People, who focus on what they want prospered?
People, who don't struggle.
So I invite you to -
"Focus"
"Commit"
"Take Action"
Alright if this was helpful, "Like" the video.
"Share" it with your friends who need to hear this message.
"Share: it with your friends, who are right now, all over the place and need to focus.
You know who these friends are.
Have a great day, and I will see you next time.