'Super' Secrets To Shock You [April Newsletter]
Louise Bedford - ??? Host of Talking Trading podcast
Louise is a best-selling author of six sharemarket books, behavioural finance expert & authority on candlestick charting.
Don't ever get disconnected from your own sense of adventure.
That feeling when you got your first spectacular trade, against all odds. That's the feeling you want to treasure every day.
You, me, and all the other traders out there grinding today. We're the lifeblood of a huge chunk of the global economy. Always remember that.
This month you'll find out why traders are wired differently from other people, and some Super Secrets that will astound you - and get ready to get a shot of energy so you can excel in the markets.
Can any of your non-trading buddies or loved ones paint a clear picture of what you do for a living?
I've got friends who've been with me through my entire trading journey... but if they were asked to explain it, they'd probably draw a blank.
Doesn't make them bad friends.
But when I mention I'm off to get my trades on, they look at me like I just sprouted a couple of new heads.
Might as well tell them I'm jetting off to negotiate with aliens in a Black Hole.
And how this whole trading thing keeps the $ flowing for my fancy lifestyle is basically a mystery to them.
Could be magic, who knows! And that's alright.
Every decision - it all boils down to us - the buck stops with you.
When we succeed... oooh, it's delicious.
And when we 'fail', we roll up our sleeves... and come back swinging the next day with fresh enthusiasm to learn from our 'failures' and get back on top.
We're a misunderstood bunch, often raising eyebrows among friends and family... because we rock the boat.
Most of this terrifies regular folks. Our radical self-responsibility seems risky and downright crazy.
Why take these risks? No 'for-sure' paycheck, tons of introspective thinking, and hard work.
So why do we do it?
Well, because it's the most exhilarating way to live. Every day in trading gives you back your choices.
In your world, you're the driving force. It's a big responsibility, no doubt... but you can always quit and go back to working for someone else. Maybe.
Most of us, after living the trading lifestyle for a while, are basically unemployable.
We're too independent. Too allergic to nonsense. Too wise about how the world really ticks to accept a role that's meek or ineffective.
So, why not savor the adventure you're living? No matter where you stand in the trading game, if you've been tuning in to my rants and tales, you've got the trader's spirit in your veins.
If not, you'd have hit 'unsubscribe' ages ago.
Because what I talk about in these messages probably sounds like wild, out-there dreams to most folks. But, you know it in your heart that this is the world where you want to play.
How is your Superannuation portfolio shaping up?
Don't know? Don't care?
To get everyone up to speed, Superannuation, or 'Super' as it's often called, is the Aussie compulsory system of placing a minimum percentage of your salary into a fund to support your financial needs in retirement.
And there's the first issue with this system. 'Minimum percentage'. Many people are led to believe that the mandated minimum percentage of their salary being diverted to a low-tax environment and placed in a pooled fund is all they will need for a bountiful retirement.
Unfortunately, the statistics do not back up that belief.
The Australian Taxation Office statistics (2021 financial year) of the average balance for someone aged in their 40s, 50s, and 60s makes for concerning reading.
Sure, the definition of 'comfortable' can vary widely from person to person.
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It seems most people approaching retirement are banking on receiving a part, or full, government funded age pension to fill the gap, or are they just not focusing?
The SuperannuationGuarantee (SG) was started on 1st July 1992, when employers would be required to make superannuation contributions on behalf of their employees.
There has long been various ways available for employees to add to their balances beyond the SG minimum.
Super has been with us for a many decades, but it seems that most just continually put it in the 'too hard' basket.
In Australia, the tax treatment of your Super funds is the better than just about anywhere else you can put your long-term funds. Perhaps we all should focus more and investigate how to get those balances up.
Preferably long before we say goodbye that final job. Get your trading into shape so you can live well in old age.
You can make the most of your time by listening to the Talking Trading podcast when you're driving, working out at the gym, or walking the dog.
Get onto Talking Trading at talkingtrading.com.au
Below are some recent episodes to get you started...
Bulletproof Trading: Stress Teflon Unveiled
When traders face excessive demands they often become overwhelmed. This is how to let that stress slip right off.
Using Systems to Get $Rich
Discover the secrets to how structured approaches can elevate your results in the financial markets.
Gold Bugs Unite!
Are you ready to unlock the golden secrets of precious metals? This is exactly what you need.
I love having friends who don't speak "trader-ese."
It's a good reminder of the Golden Rule of 'Doing Your Thing'. Traders operate on a different frequency than most folks.
We thrive on risk and uncertainty, while most dodge it like the plague. We know to respond in every situation.
We make our own rules, most of the time.
And if you're not quite there yet, just know you've got me in your corner. Let me know how you're going in the markets by hitting reply. I'd love to hear from you.
Happy trading!
Louise
P.S. Pause for a sec and appreciate just how unique your situation is as a trader. No matter how your day's shaping up, you've got the power to rewrite the script of your story.
Starting immediately.
Photo by Simon Abrams on Unsplash, Photo by Melissa Walker Horn on Unsplash, Photo by King Lip on Unsplash, Photo by Osarugue Igbinoba on Unsplash, Photo by Zla?áky.cz on Unsplash
#trading #tradingpsychology #tradingresults #tradingtips #traders
Stock Market Analyst
7 个月great newsletter as always ??
Consultants ? Attract New Prospects ? Engage Them In Conversation ? Convert into New Clients Seamlessly on LinkedIn **Speaker**
7 个月I can imagine how difficult it would be to go back to a 9-5 after finding success trading. Very interesting read! Thank you for sharing ?? ?? Louise Bedford - ??? Host of Talking Trading podcast