You Only Lose If You Quit!

I found this article I wrote Years ago while surfing the web (slow day in the market - even though the Dow did hit and close above 10,000 Yea!), and thought I would share it with you. It's a good pick-me-up for anyone that might not be where they want to be financially right now. Enjoy!

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I received an email from a man who told me that his family would all leave him if he got involved in another home business opportunity! Apparently, he had failed in a few attempts at home business, and online trading, so the family had this man labeled as a loser. Sound familiar?

I cannot understand why your family would disown you because of your wanting to set up a business to provide for them. Just because you have failed in business, that does not make you a loser! Many of the wealthiest men in the world have failed many times! Most of us have heard the story of Abe Lincoln, who failed in about everything he tried, until he became the 16th president of the United States.

I have failed in many of my business ventures, but the lessons I learned from those experiences are invaluable to me. I have earned more in one week than many people in the US earn all year! If I'd quit years ago, I would probably be working 40 hours somewhere for a lousy $300 or $400 per week right now. With my home biz, and the Internet, I can make that much or more if I work or not!

In many businesses, including any good home business, you only lose if you quit! Think about it. In many home biz opportunities today, you have the possibility to earn more than many doctors, lawyers and other professional people earn! It may take you a few months or even years to get there but how long did those professionals have to go to school to get to the large incomes? YEARS OF STUDY AND BIG TUITION CHECKS - MUCHO $$$$$$ !

I have a good friend who has been in networking over 20 years now. In the first 18 years, he barely scraped by. Finally, he got with the company that was right for him. All those years of experience PAID OFF BIG! He now is the top dog in a very popular nutritional MLM company, and earns over $300,000 PER MONTH! This is not some hyped up story, because I actually have seen the man's checks. How many professional men would like to make that kind of income? If he would have listened to everyone telling him he was wasting his time, he never would have gotten there.

If you have been involved in the home biz industry for any amount of time, no doubt you know folks who make incredible money. Sure, there is a lot of hype but, there are a lot of true success stories as well. What if my friend had worked a 40-hour per week job all his life? Just over broke, right?

One woman we know of made over $400,000 last year selling other people's products with online Free Affiliate programs! The opportunities are endless for anyone with a creative mind who is willing to work.

With the Internet in the picture, we have not even seen the start of the types of income that will be generated online. Online networking is where mail order MLM was back in the 60's - its infant stages! For those who have taken the time to do their homework, and/or get with someone who has, the sky is the limit!

If your family and friends make fun of your business, smile! Many others before you have dealt with the same thing. One day, if you have the right product or program, do your work, and stay consistent, those folks will just have to eat their words.

I love to run into ones who at one time spoke to everyone in my county and told them what a "fool Doug West is" for being involved in that "no-account business", that I should "get a real JOB!" Now, I do not believe in a showy display of one's means of living by any means, but in a small area, word gets around when you are doing pretty well financially. Those good old boys with the real jobs... they'll start to wonder what would have happened if they had started their own home biz way back when.

Things come back to ya' sometimes. Let people talk - because they will anyway. Just remember - YOU CAN'T LOSE UNLESS YOU QUIT!

BIG 3 Auto Makers Plead - Index Traders Smile

Help For Those With Lost Income

Just got off of our daily trading call with my fellow traders and students, and we had a Great time. It was easy to see the market moving down this morning, and the simple patterns we look for were there. Most of us took advantage with some simple profits.

Terrence stopped in, one of our non-US traders. Terrence lives down in the beautiful Caribbean, and enjoys trading the index. (Many of us here are jealous and want to move down and join him - we want to all meet on the beach with our laptops and make money while enjoying the awesome scenery!).

Soon we were watching the trend change and the market start going up. A few went along for that ride. After we hung up, I did see an even stronger confirmation of the up move and did a couple more little trades for the day!

Some of the amounts I heard on the call were $1200, $900, $800, and $400. These are amounts that folks made in under an hour of looking for trades (most of our actual trades only last for a few seconds).

Are you facing a loss of job and income? If so (or even if no), isn't it time you learn how to trade the index with us? What are you waiting for. Even President-Elect Obama is telling you that it will take some time for any real economic relief comes. NOW is the time to learn a skill that can help you make money - Regardless of what the economy is doing.

If you are a radio show host, and would like to talk about Index Trading, the recession, what got us here, market conditions, and anything else, please click on the Media link on the left. We can offer you a show that will not only enlighten your listeners, but will entertain them too!

Post again soon. Have a Great Weekend!

Did You Get Your Check Yet?

President Bush was on the TV with what should be his last State of the Union speech Jan. 30th. The Pres. assured us all that we can grow our economy by spending more money. He even promised to send us each a few hundred to help us do that.

Let's see, if you are already in debt up to your ears - like the US government is, how is sending out free money going to stimulate the economy? And, how is that going to help the US government?

OH, don't forget our friends over at the FED. The Reserve! The agency that is owned by the bankers. That masquerades around like they are part of the government. What many folks still don't know is that they all pulled a fast one on us by sticking that word Federal in front of their name. The same thing the guy at Federal Express did when starting his company.

Frederick W. Smith founded FedEx. I clearly remember years ago when he was on 60 minutes, he said that by the time folks figured out that he was not part of the government his company would already be well on it's way to BIG MONEY! Can't blame his reasoning? What a PLAN! IT WORKED for the FED why not FedEx too?

Let's quote right from the FedEx web site:

"Federal Express was so-named due to the patriotic meaning associated with the word "Federal," which suggested an interest in nationwide economic activity. At that time, Smith hoped to obtain a contract with the Federal Reserve Bank and, although the proposal was denied, he believed the name was a particularly good one for attracting public attention and maintaining name recognition."

I'm sure Smith did want a relationship with the Federal Reserve - who wouldn't! These guys have the legalized right to print money! Think about it. It does not matter if it is a $1 bill or a $100 bill, it cost them about the same to make it (a few cents each). Then they "LOAN" that money at full face value to the US government. Full face value PLUS INTEREST!

So if you are thinking that Bush's plan to grow the economy by handing out $100 bills won't cost anything - Think Again! Where is that money going to come from? That's right - the good ol boys at the FED. These mystical folks seem to be able to pull money out of thin air! Just think, with today's high-tech world, the FED can just punch a button on a computer somewhere and release new funds to the world. Most of which never represents new bills being printed, but just credit in some bank or financial institutions account. Electronic numbers moving through nanoseconds of time and space.

Not only does the FED create money, they also have the ability to set their own interest rate! The Fed's Open Market Committee (FOMC), announces their interest rate decisions. This is NOT the interest rate that you and I can get money for, (why don't we all meet at the Fed Discount Window - wherever that is) but what the BIG boys who keep the whole world flowing receive. They in turn pump up the volume and pass the savings on to you and me right - WRONG! It could take weeks or even MONTHS after a cut to see any savings at the consumer level, if we ever see any at all. So why do the markets get so active after an FOMC announcement?

Well again, the BIG boys are the ones who really move the market right. We just want a small slice of it. That's all. Remember that when you are trading (or practicing the trade) an FOMC announcement. Don't get greedy. Get a quick profit, and either follow it with a stop, or just get out and smile! Remember that it could GAP past your stop too.

My guess is that this HUGE economic mess is no where near finished. Who knows, it might even lead into the Great Tribulation mentioned in the bible. No matter what happens, we can all do well with Simple Index Trading. I look for GREAT times ahead for our team. We might have to pay more for the things we get, but at least we can stay home and earn the money to get them!

If you have never traded LIVE on a FED announcement, you really need to practice it.

See a video on trading a Fed Play here:

How To Trade A Fed Play


For a great video on taking advantage of down trending economy moves visit:

http://nosecretincome.com


Come back to our blog here to read other tips on Index Trading Moves.


Have fun with it, and I hope to trade with you soon!


Doug