If you want to become a professional trader or at least make a comfortable living from trading, you need to treat it like a business. A business that can be trusted, one that allows you to sleep at night, one that allows you to finally make your money work for you and put you out of the rat race. So what is the true definition of wealth? What is true wealth? True wealth is when you don’t have to worry about your bills. That is all. It means you can wake up in the morning, do what you want to do, without worrying about when your next paycheck is coming.

This confidence is what makes people rich and keeps them rich. Have you ever noticed how some people are money magnets? Everything they touch turns to gold. People with real wealth seem to attract money.

These are some of its secrets:

1. They play for the love of the game – If you don’t worry about paying your bills, your mind is clear, you focus on the game and not the results. When you worry about the results, “Will I be able to pay my bills?”, “I hope I never fail again”, “What are people going to say?” and so on, you can’t concentrate on the game. These fears, hopes and desires will preoccupy your mind and prevent you from concentrating on your business. The rich do not care about results, they have already proven themselves, they do not care about money, and they can only focus on their business. They enjoy doing business.

2. They understand business – The rich understand the power of statistics. If I buy an item for $10, I sell it for $20, the more times I do it, the more money I make. If I lose $2 on every other trade, that’s just risk. The rich understand the risk and are willing to accept it.

3. They do their best: Rich people are so confident in what they do, in their abilities and skills that they hold nothing back. In life, if you hesitate, you miss many opportunities. The rich seize opportunities, after calculating their risk, of course, that most others would not.

These are just a few of its secrets and we’ll talk about more in later emails, all with the goal of getting you out of the rat race and into true wealth.

Let’s say we own a grocery store and we sell lettuce. Our cost per head of lettuce is $0.55, we sell for $1.55, we sell about 100 heads a day and we throw away 10 of the ones that go bad. That means our cost is $55.00, we sell at $155.00, which gives us a profit of $100.00 per day. We throw away $5.50 worth of lettuce every day, which is our risk.

This gives us $94.50 profit per 100 heads of lettuce or $0.94 per head. If you, as a grocery store owner, knew that you would earn $0.94 per head, how many would you want to sell? As many as possible, right? You know your business, you know your stats, you’re confident, you just repeat.

Let’s relate that to trading.

If day trader Joe can get to the point where he is 90% profitable on trades, takes a maximum risk of $0.05 per trade, and averages $0.25 profit per trade, how many trades do you think he should make while keep those kind of numbers? As many as possible, right?

If swing trader Ann can get to the point where she is 90% profitable on trades, takes a maximum risk of $0.40 per trade, and earns an average of $2.00 profit per trade, how many trades do you think she has? should I do while holding such trades? of numbers? As many as possible, right?

Impossible? Many of our students have gone months without a missed day, some have even gone six months without a bad day. They do it with the power of discipline and consistency in their business plan. When they get to that point, they can rely on their income, they’re out of the rat race.

Your first goal in your trading business is to achieve consistency. His second goal in trading is to achieve numbers that he can build a business on. Whatever your numbers are, they must have the following strict rules:

1. Never take such a risk that it hurts. If taking a stop loss is painful, you are risking too much money, it carries too many emotions. Those emotions will make you make bad decisions.

2. Always have a profit potential that is five to seven times your maximum risk. Anything less than that will lead to emotional swings and lack of consistency.

3. Make sure your entries are so good that your return percentage is around 90%. Why? First, because it is attainable and second, because you want constant positive reinforcement.

The last but not least step in your plan is to repeat. For you to be able to count on your business plan, it has to be repeatable and sustainable. You have to try it and have confidence in it.

Reaching these figures is not easy. It takes education, knowledge, careful planning, consistency and discipline. It doesn’t happen overnight, it takes a serious commitment to your business.

The rich are rich because they seek systems. A system is a consistent way of making money.

We’ve spent the last 13 years developing and perfecting our system to achieve these kinds of results. People who travel and stay with us for the on-site mentoring program are not only taught the exact same system we use, they are also taught how to set up their trade like a business.