How To Know When It’s Time To Take An Expense

Many people have difficulty admitting when they are wrong. Trading is an area in which you must become comfortable with admitting when you’ve made a mistake. If you deny that you are wrong and choose to stay in a trade that is not going the way you expected, you risk creating a much bigger expense.

Expenses happen. Take a deep breath, and remember these three things when you find that you were wrong about a stock.
  • Stick with the system. What we want you to do in order to keep with the TRADEway system is to have small expenses. So trade based on lines. Trade based on moving averages. Trade based on the system you have been taught.
  • Be honest with yourself. If your original premise for doing the trade is broken, then don’t convince yourself that something else might work. When that plan is no longer working, have the integrity to go ahead and stop out of that trade. Take the small expense.
  • Get ready for the next trade. It might be difficult to dwell on your mistakes, but take time to analyze the trade and determine how you can avoid a similar situation. View the expense as a learning experience.
Don’t allow pride to affect your trading outcomes. Be ready and willing to admit when you are wrong. Allow each experience to provide you with knowledge that will improve your skills and ultimately lead to the potential for greater success.

The Trick That Made Trading Click

When you have some experience trading, it becomes easier to pinpoint moments when you learned a lesson or had a major realization. You can see how your skills have changed and developed. You can even see how your trading style and attitude changes. I remember the trick that made trading click for me, and I thought, “Wow, I can finally make this work for me.”

I understood how to stock trade. I went through the processes and learned all kinds of cool things. It didn’t become simple until I figured out who I was. I realized was a greedy trader.
As I analyzed my plays, I began to see that I held on to plays for too long when they were going in my favor, and if they went against me, I actually did the same thing. I did that because I hated to lose, yet it was the exact thing causing me to lose. When I figured that out, I made changes that had a huge impact on my trading experience. Stock trading became simpler, and enjoyable.
If you’re having trouble in your trading, or would like to learn how, and you want to know how to maintain focus, the most important thing is to learn about yourself first. Examine how stock trading makes you feel. Pay attention to the things that you do in your trades.
When a trade goes against you, learn from it. When you figure out what it is that you’re doing wrong, and you figure out what your weakness is, you can work to improve that weakness. Use that experience to help you become a better stock trader.

Moving from Knowledge to Understanding

Learning about the stock market is the same as learning anything else. Have you ever tried to learn a new skill? Perhaps you took a foreign language class in high school or college. There is a process by which people learn.

When an individual truly learns something, there is a point where basic knowledge becomes deep understanding. 
Building Knowledge
In the beginning, people learn facts. They learn the basic vocabulary associated with a particular topic and focus on remembering fundamental information. This stage of learning is necessary for beginners, but learning does not stop here.
Developing Comprehension
Once people have acquired the basics, they can begin to discuss and demonstrate an understanding of the facts they have learned.
Applying Skills
Application of knowledge and skills can help propel learners to a much higher level of understanding. When learners begin to practice their newfound skills, these skills are strengthened. This is when knowledge becomes understanding.
Regardless of what you are trying to learn, you will go through several stages in the learning process. When learning about the stock market, TRADEway can guide you through this process. We will teach you the basics, help you build upon that knowledge, and support you as you apply new skills. The more you apply the skills you learn with TRADEway, the more potential you have for building wealth.

Is It Gambling For Christians To Trade In The Stock Market?

Christians often wonder, is it gambling to trade in the stock market? The truth is, if you look at any business activity, there is risk involved. Some people may call stock trading a gamble, but it is a risk rather than a gamble.

If you don’t have any skill sets, it is a gamble. If you learn skill sets on how to properly trade in the stock market, like the big boys in Wall Street do, you increase your success, and it is business rather than gambling. It does have risk, like all business does, but it also can have the potential for great return.
In the Bible, in the Parable of the Talents, God teaches that He loves educated risk. Jesus talks about three individuals that a wealthy man gave his money to; they were supposed to be good stewards of it. Two of them took risks, and by taking the risk, they doubled the money. The third one was fearful. He didn’t have skill sets, and he buried the money, which made no interest. In the end, the first two were rewarded greatly, and the third one was punished.
Trading is not gambling when you understand how the stock market works. We’ll teach you those skill sets at TRADEway.

This will make you want to use leverage more in your life…

Have you ever tried to pull a nail out of a board without a hammer? It’s really hard, right? It can be done, but it’ll take you forever to do it. The reason it’s so much easier with a hammer is because of something called leverage. And, believe it or not, you use leverage all the time. The very first thing you do any time you are confronted with a hard task is look for a way to leverage. If you need to carry a lot of groceries, what do you do? You grab a basket. If you need to pull a nail out of a board, you grab your hammer. I need to do math, where’s my calculator? Right?

 So, you’re always looking for a way to leverage and make the task easier. But, when it comes to our money, so often we don’t leverage. People just think that leverage and money don’t mix, and I don’t understand it. For some reason, they just think it doesn’t belong there. But, then you have people who’ve figured out how to leverage in the stock market…people like Warren Buffet, for example, who’ve made billions of dollars in the stock market. They’ve figured out that leverage actually does belong with money. In fact, your money has a tremendous ability to be leveraged.
 So, if you’re in a position right now where you’re struggling to make ends meet, or maybe you’re working a job, or two jobs, or three jobs, and you just can’t figure out how to get by, maybe it’s time to grab that tool you call money and leverage it.

Leveraging Others- Reaping Where Thou Hast Not Sown

What is it that wealthy people do that seems to free up their time while they still have the ability to make money? It’s called leverage. Leverage means to use something to the maximum advantage. You can leverage things you already have access to in order to create a greater potential for wealth building.

Leverage the use of a computer.
A computer can do work for you, so that you can free up time. You can use various programs and techniques that help you accomplish a job without being physically tied to a computer every hour of the day.
Leverage the use of your money.
You can use your money to make more money. This is a concept we teach at TRADEway. Instead of working for your money, you could make your money work for you. Many people think it takes a lot of money to actually become successful and wealthy, but that is simply not true.
Leverage people. 
That might sound bad, but it’s not. Whenever you hire someone to help you in a business, you’re leveraging them. You’re also giving them a job and a way to make an income, but at the same time, you’re freeing up your own time by leveraging someone else’s.
If you do not own your own business, leverage people by learning from them. Look for ways that other people can help you speed up your learning. Leverage the effort and the knowledge of people who are already where you want to be. Find a mentor. Leverage the use of someone who can teach you the fast tracks to the places you want to go.
Do you want to free up your time and still have the ability to make money? Find a way to leverage your computer, your money and people. Leverage us at TRADEway. That’s one of our favorite things for our students to do. Take advantage of the leverage that we can provide for you by showing you the shortcuts to learning how to trade.

My Friends Think Poverty is Piety

Have you ever met somebody who felt like being poor was holy? God is a God of abundance. He wants to bless us, and He wants to be able to trust us with that blessing. The Bible never explicitly shows us that poverty is piety. In fact, there are several verses of scripture that prove God wants to create abundance in our lives.

Isaiah 1:19: “If ye be willing and obedient, ye shall eat the good of the land”:
The promise that God made demonstrates His intention to prosper those who love and seek Him. This verse does not simply speak of a superficial desire to obey God, but rather a deep and passionate yearning to fulfill His will and use the resources He provides in a Biblical manner.
Malachi 3:10: “Bring ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, saith the Lord of hosts, if I will not open you the windows of heaven, and pour you out a blessing, that there shall not be room enough to receive it.”
In this Old Testament verse, God illustrates a connection between good stewardship and abundance. He specifically states that He will pour out more blessings than can even be received. This verse of scripture teaches us that a believer’s abundance, rather than poverty, could be a sign of righteousness.
Proverbs 22:9 “He that hath a bountiful eye shall be blessed; for he giveth of his bread to the poor.”
The Bible instructs us to help the poor. To fulfill this command, we must first have something to give. God wants to bless our lives so that we can be a blessing to others. Throughout scripture God reveals that He is pleased when those living in abundance help others.
Greed is evil. We can all agree that we don’t want to go down that road, but just because greed is an error doesn’t mean that we want to embrace the equal and opposite error that poverty is piety. God wants to bless our lives so that we can be a blessing to others.

Life Lessons Of A Stock Trader

Who likes to follow rules? Numerous psychological studies have shown that people rationalize rule breaking or wrongdoing when it benefits themselves or others. Not many people like to follow rules, but rules are necessary in the stock market.

When you learn the skill sets needed to trade in the stock market, you learn to make calculated decisions rather than gamble. But it is important to follow rules within the system, or else the system will not work.
People tend to give themselves slack when they break rules, especially if they believe the outcome will be beneficial. The problem with this is that you create emotional turmoil that can have a negative effect on trading outcomes.
You must become emotionally mature enough to learn the importance of following the parameters you set for yourself. Understanding the importance of guidelines will lead to the potential of more success

Keys To Heaven

God gave us the keys to the Kingdom of Heaven. They are the truths in the Word of God. As Christ-following entrepreneurs, we must endeavor to be very diligent Bible students. It is important that we not become complacent in our role as Christian leaders.

God reveals new things to us each time we read the Bible
As we grow in our spiritual lives, God shows us different things within His Word. Enduring various seasons of life allows us to see things from a different perspective. Regardless of the number of times you have read a particular passage of scripture, ask God to give you a deeper understanding each time you study.
We can not effectively follow Him if we are not in His Word. 
2 Timothy shows us that God’s Word is meant to teach us, correct us and help us draw nearer to Him. It is an instruction manual for life, and even business!
There is liberty in the Word of God. 
Christ spoke of the liberty He provides Christians. It is easy to become bogged down by man-made laws and legalistic opinions. A Christian who searches God’s scripture will find His truths and understand His plan to bless His people.
His Word will guide us.
God’s word provides a strong foundation for our lives, our families and our businesses. Scripture even calls the Word a light unto our path.
Scripture gives us a sense of perspective.
 
Throughout the Bible, God’s sovereignty is apparent. When we fill our minds with scriptural reminders that He is in control, we are able to worry less and be renewed by His promises.
Christians must become perpetual students of the Word of God. Take time to truly meditate on God’s Word.

God Created Laws Of Economics

Just as sure as gravity is a law that God put in the universe, economic principles from the Bible are law. God’s laws don’t change. Your background and who you are do not matter. You just follow God’s law and it works, because God built it into the universe. If you want to learn how to be an entrepreneur, you have to learn that God said you have no return without risk. It’s called the “risk return trade off”.

The amount of wealth that you have the potential to create for your family is directly proportional to the amount of risk you are willing to take. It’s not the same as gambling, because it is educated risk. You learn everything you can learn about certain type of business before you jump into it. Once you have those skill sets, then you have to take a risk. All business is a risk. Everything in life is a risk.
You can not ignore God’s principles. You can not be en entrepreneur and find a way around “risk return trade off’. It is best to learn the skills needed become successful, then take the risk needed to potentially become wealthy.