Profits are like babies, easy to conceive but hard to deliver. However, once you learn how profits are attracted you can deliver them over and over again. You can even do this from the comfort of your own home.
What is it like to work from home earning huge profits? Well, it gets boring at times. You may be wondering, what do you mean it gets boring? You see the key to earning a six-figure income is to know how much you need to make each day. Once you know this you can set your daily goals.
For example, imagine you want to earn $100,000 in a year trading. There are approximately 250 trading days or work days in a year. In other words, you have 250 days in a year to work in which to earn $100,000. If you divide $100,000 by 250, you will see that you must earn $400 each day or $2,000 a week to make $100,000 a year. You can break this down to where you determine the amount for the month as well.
Once you have determined how much you need to make daily or weekly the next step is to look for investments that will get you to your goal in the quickest manner. As you look through your investments options, you are looking for what will be moving.
This is kind of like jumping on a train that is going your way and is going to get you where you want to be on time. You do not want to be on a train that is moving too slow and will make you late. The same is true when you are investing. You want something that is moving and will get you where you want to be, either on time or early if possible.
After you determine your investment(s), you must now take action. Call your broker and give him or her your instructions for the day or week, including when to take profits and what to do to minimize any losses, should they occur. This way you do not have to spend all day looking at a computer or watching your investment(s).
Did you notice that you set the amount of money you are willing to lose, if things did not go your way? This is essential to becoming a highly successful trader. No one wants to lose money so, if losses occur you want them to be as small as possible.
Also by knowing in advance the most you could lose, it helps make the experience more enjoyable. This is because you are not worrying how the investment(s) is doing. You know at the very least you will walk a way with a minimal loss. This is how fortunes are made because it takes the emotion out of investing.
The entire process takes less than 30 minutes a day. You then have the rest of the day to do as you please. This can get boring because most likely the people that you want to spend the rest of the day with are at work hustling for money and barely getting by.
They are at jobs where they are not appreciated and drastically under paid. If only they would take the same steps you did. They would soon realize that sometimes you get notified an hour or two later letting you know that your daily or even weekly profit objectives have already been reached.
I have summarized these strategies into seven tips I call, Dave Diamonds ™. They are as follows:
Dave Diamonds ™
1. Know your daily goals
2. Look for what is moving now
3. Determine your path
4. Take action
5. Limit your exposure or risk
6. Know when to take profits
7. Bring other people along for the ride
As you can see earning substantial profits does not have to be hard. You need a plan and someone to show you the way. To learn more about these and other tips visit http://www.themoneymotivator.com/ and sign up for a FREE newsletter.
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Often referred to as The Money Motivator, David D. Wells is passionate about helping people Crack the Wealth Code to become Money Magnets. Let him teach you the techniques used to help Hillary Clinton turn $1,000 into $100,000 in the course of a year.
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