Gold & the Economy

Gold is one of the best gauges for determining the health of the current economy or other market cycles.

When people begin to see that the economy may not be doing well, you’ll see the price of gold start climbing because that is a ‘safe haven asset’ that people use to protect their money. When the health of the economy starts getting better and the outlook for the future starts improving, gold goes down because it is not a way to make money, it’s a way to protect money. People start moving those funds out of gold and putting them back in the stock market and other equities.
Let’s take a look at some specific examples:
One of the most important days in gold price history was when President Nixon detached the US dollar from the Gold Standard, 1971. Gold prices skyrocketed from $42 to $122 an ounce very quickly.
In 2009, the price of gold rose to $1,000. Less than two years later, it doubled.
On September 6, 2011, gold reached its record of $1,921 an ounce. Many variables contributed to this, including weak jobs reports, the lingering Eurozone debt crisis, and continued uncertainty around the US debt ceiling crisis. This led to the peak price of gold, $1,921.
In 2016, gold prices rose $100 an ounce in just six hours. This was due to the shocking Brexit vote, which led investors to panic. Prices rose from $1,254.96 at 4:00pm on June 23rd, which was the evening of the Brexit vote, to $1,347.12 by midnight. That’s because investors bought gold as a hedge against declining currencies such as the pound and the euro.
Market conditions play a huge role in determining when it’s a good time to buy gold or sell gold. We teach that in Safety Step: Protect Your Future, our online course about precious metals investing.You can learn how to use the market conditions in your favor. That is one of the most important factors when it comes to investing in gold and silver.

Can You Guess David’s Favorite Stock Pattern?

At TRADEway we started out teaching short-term trades. We never teach day trades. These short term trades we teach are typically two to three weeks. Many people are surprised when they hear that David Mitchell’s favorite trade is a longer term trade. We call it “Writing Covered Calls.

In the course, “Putting on a Play”, you can learn this trading strategy. It is a six to nine month trade, and you lower the risk slightly by going out longer term. We teach you how to put stop losses at the bottom of the basis rather than letting it follow the stock all the way up, and it creates a great way to play. You can even add writing covered calls to that when the stock dips, because they never go straight up. Every time it dips, you can write or sell a call, and create cash flow. While the stock is moving up, that’s going to help your balance sheet, because that’s like an asset appreciating.
This trading strategy helps your balance sheet on the one hand. It helps your cash flow or your income statement on the other hand. It’s like a business all in itself.

Nine Nation-Strengthening Accomplishments of President Trump

Regardless of where you stand with politics, there are certain facts about the current presidency that can not be denied. There are things President Trump has done that are very good for our country. From a Christian and business standpoint, he has made positive progress.

Review These Nine Nation-Strengthening Accomplishments of President Trump:
  • He took on the news media and exposed their political bias.
  • He ended the corrupt Clinton machine by simply winning the presidency.
  • He has put into place a couple of pro-life Supreme Court justices and many federal judges.
  • He made Jerusalem the capital of Israel. Four different presidents had promised to do that and never did.
  • He has taken a great step towards protecting our borders by simply keeping the current laws that we have, and enforcing those laws on people who are unlawfully crossing the border.
  • He withdrew from the Paris Climate Accord, which was wasting American money and resources.
  • He has done historic regulatory reform and tax reform that has made a positive impact on our economy.
  • America had over three million jobs created, and the unemployment rate has gone down to 3.9%. That’s the lowest it has been since the year 2000.
  • He stopped the Iran Nuclear Deal. He put a stop to giving billions of dollars to the country that backs more terrorist events than anyone in the world.
We didn’t vote for Donald Trump to be our pastor. We voted for a man who could turn us back into a more socially, politically and economically stable nation. Many people are trying to find every little thing wrong with this President, when what people really should do is focus on the positive changes that have been made to keep America the greatest nation on Earth.

This will make you want to be an entrepreneur

he average American works for an employer. They are told when to work, how much they will be paid, and when they can spend time off with family. They have little control over their schedule. Entrepreneurs live by a different set of rules. They get to decide how long they spend at the office, how much money they get paid, and when they get to be with their families.

One of the main reasons people choose not to start a business is fear. 2 Timothy 1:7 states, “For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.”
What does it mean to have a spirit of power?
You are powerful. You have the opportunity to start something new in your life. With the guidance of the Holy Spirit, you have the ability to make business decisions and use your money to make more money. Many people worry that they do not have the resources needed to start a business, but you do not need much money to start a business. Steward your money according to Biblical teachings, and you can have success.
What does it mean to have a spirit of love?
Love is the choice to show affection or fondness. When you have a spirit of love in business, you have a passion to provide a quality product or service. You give of yourself to create or provide something for others, and God can bless that by growing your business.
What does it mean to have a sound mind?
God provides you with financial and business principles in the Bible. He also gives you the ability to read and understand His word. The Holy Spirit equips you with discernment. When you are a child of God, you can learn and understand what business choices are best for you. This understanding can lead you down the path of running a successful business.
If you’re interested in learning how to take an entrepreneurial risk so that you can start a business on a very small budget, come to a TRADEway event. We love teaching others how to live by a different set of rules.

Keys to Transformation: Try Something New

There is a Dr. Suess quote that says: “You’ll never get bored when you try something new. There’s really no limit to what you can do.” This children’s book quote should resonate with anyone wanting to experience transformation. It seems like a simple concept, yet many people struggle with change. If you are tired of the monotony, tired of seeing no results, tired of not meeting your goals, try something new.

Change can be beneficial.
Change might feel difficult. It forces you to leave what feels comfortable. There is some value to routine and consistency, but if you want to transform an area of life, you must try something new. Change has a domino effect. You do not have to make a huge change in your life to bring about transformation.
Change can be subtle. 
Small changes in what you are doing can have a big impact on your future success. Choose any area of life and make a small change. Try a new experience, listen to a new song, find a new Bible study, watch a new video. Go completely outside of what you normally do in one small area of life, and you will find some energy that moves you. That energy is not going to stay in one area. It’s going to spill over into other areas.
Change can be powerful.
When you incorporate small changes into your daily life, the effect can be powerful. If you allow yourself to acquire new information and engage in new activities, you will experience growth. You may not even realize you need to change something you are doing, but as you try new things, you will begin to feel refreshed and inspired to make other changes. This is what will lead to transformation.
Make a subtle change in any area of life and watch how that small change brings about transformation in other areas. Do not be afraid of change.

People Fail at Everything

In every aspect of life there is the possibility of failure: relationships, careers, sports, and the list goes on. Everyone fails. If this is the case, why do people have such an intense fear of failure? Perhaps it is not failure that should be feared, but quitting. In Franklin Delano Roosevelt‘s first inaugural address, he made the famous quote, “The only thing we have to fear is fear itself.” People quit, and lose sight of their goals, because they fear failure. This is not a productive mindset.

Failure is not the opposite of success. Failure is a step in the process that leads to being successful. If you look at failure as part of success, it’s the thing that will help you achieve your goals. When you eliminate the fear associated with failure, you can begin to use your failure as a tool to develop a better strategy for reaching your goals. Failure can become something we are grateful for.
We should not fear failure, because God‘s strength is made perfect in weakness. The Bible is clear that God’s Grace is sufficient. In fact, we should glory in our infirmities. In our times of failure, God’s power can be seen. Those failures remind us of God’s sovereignty and his desire to bless those who belong to Him. Understanding that failure is part of God’s plan further solidifies the idea that we should use our failure to become more successful.
Failure is an opportunity for improvement. Henry Ford is one of the most well known businessman in American history. He once stated that failure is the opportunity to begin again more intelligently. Anxiety hinders your ability to problem solve. When you allow yourself to worry about failure, you are unable to use that failure to develop a better plan for success. It is important to maintain the right perspective in terms of failure. You must train yourself to view failure as part of success. When you’re able to do that, it will be easy to pick yourself up, make adjustments and proceed down a path of achievement.
Failure is inevitable. Your mindset and what you choose to do as a result of that failure that will determine your success. When you consider it a part of success, see it as something to glory in and use it to improve your goals, failure is a great tool. Your failures and determination not to quit will lead to success.
How will you use your failure to become successful?

Keys to Transformation: Prayer

There are many small things that can lead to transformation. You can learn new things, you can change your mindset, you can spend time and money, you can seek the advice of others, you can work harder than anyone else, but the most impactful element of transformation is prayer.

Nobody is higher. Nobody is greater. Nobody is more powerful than our God. When we connect to Him in prayer, He changes us from the inside out. He does what is best. He does what is right. We have the ability to connect to that power in prayer.
James said that the prayer of the righteous man is powerful and effective. So, of all the things we could do, prayer is the most important . Every challenge we encounter, every burden that is laid on our hearts, every time we encounter a situation in which we need to dig deeper and go farther, it is a call to prayer.
We live in very busy times. We have very busy lives. Make time to go to the Lord in prayer, because prayer is powerful; it’s effective. He is our transformation.

This is why accountability is so important…

One of the things you’re going to learn as you go through the journey of becoming a successful stock trader is that there are some rules you need to follow.

In the beginning, the rules are not typically internal, they’re external. They are something that somebody else said you need to do.
It is easy to give in to temptations to break the rules. Greed creates a strong emotional pull, but there are things that can help you to stay strong in keeping the rules.
Evaluate your rules. Are they good rules? Do they lead to success?
Get a trading partner. This will give you some accountability. Having a partner can help you to see things from a different perspective.
Read God’s Word. The Bible contains many financial and business principles. It can also help you to tune your heart with God’s will and elementate some of the negative emotions trading sometimes involves.
Let TRADEway support you. Do not be afraid to reach out for support. We offer many resources that can help you build and hone your skill sets.
Put these strategies into practice and you might be surprised at the momentum you can build!

Can You Guess Blair’s Favorite Stock Pattern?

My favorite stock pattern is real simple. When you buy stock, which direction do you want the price to go? Up, right? If you really keep trading simple, you want to buy a stock and have it go up. If that’s the case, then you want a pattern that tends to move up. That’s why I like the uptrend. A true uptrend has higher tops and higher bottoms. It makes new highs. Then, when it makes a low, it also makes a higher low than the last time, meaning it’s just trending up. It’s always going up. Keep trading simple. There are a lot of things that can complicate trading. For me, over the years of doing this, I’m realizing the more simple I keep it, the better it is for me. So if I’m buying a stock, I want it to go up. I’m just going to trade the trend. I’m going to buy the uptrend and I’m going to ride the momentum.

Living for Jesus in Business

How can we honor God through business? For many people, business is only about making money. But for Christians it should be about something more. We need to learn to make money in business; it’s an important part of business. But how can we honor God through the process of business?

There are two major ways we can honor God through business:
Love the Lord
We are commanded to love the Lord with all our soul, heart, mind and strength. Whenever we are doing business, we have a certain level of fear. We’re taking risks and that may lead us to wonder “Will I make the bills? Will I have the things I need? Will the customers come? Will the marketing work out?” When all the things that we have to worry about as business owners come into play, we have to exercise a certain element of faith. That’s what Jesus loves about taking risks. He loves when we take a risk, because it shows Him that we’re risking our resources, risking our time, risking our money to show Him that we know He, ultimately, is in control. We will, with faith, take a business risk. As we take those business risks, we should connect to the Lord and allow Him to strengthen us. That’s loving the Lord your God with all your heart, mind, soul and strength.
Love Others
We are commanded to love our neighbors as we love ourselves. We have an opportunity to show God’s love to other people in our business dealings. God has put us in a position to help others with the products and services we provide. We should infuse God’s love into that process. Think about what the Lord did when He walked this earth. He lived in such a way that He provided a spiritual teaching to the people around him. But before He did that, He always met an earthly need. He healed the sick, He raised the dead, He fed the hungry. He did those things first, and it would grab people’s attention. It opened the door for Him to teach them about Himself and God’s Word. We should live the same way. We can make sure that we are providing quality products and services. As business owners, we have the ability to build relationships and show others the love of God.
To honor God in business, we must first love Him. We must put our faith in Him, follow Him, trust in Him. Then, we can love others. We can spread the gospel and point to God on a daily basis. God is the most important part of any Christian business.