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5 Things People
Don't Do To Make Money!
by Tony Summers

As an educator in the stock market I have dedicated
my life to showing people how to retire wealthy no matter
what their age, job or their life style.
I found that Chris’ goals are basically the same as
my personal goals and that is to help people to make
a difference in their lives both personally and financially.
At Chris’ workshop I met his marketing manager. She
asked me if I would be interested in writing an article
on the stock market for the monthly newsletter for Universal
Events as this month’s subject is on wealth creation.
After considering this I thought I would write about
the mistakes people make when investing in the Stock
market, and how N.L.P. can make all the difference.
I have spoken to many traders, investors and students
at lectures all over the world and have found five common
mistakes people make when investing in stock and options.
After listing these points below I have come to realise
that by utilising N.L.P. in stock market trading you
have the power to stay focused on your own personal
journey in the world of personal investing. Right…

1. Diversification: Don’t invest all of
your money at the same time.
Yes you can’t win if you’re not trading but I must
emphasise the word diversification. When we invest in
the share market we can have some of our money in stock,
some in options or other investments, and some in cash
so that our money is not exposed to danger all the time.
If we diversify properly then we will have a much greater
chance of coming out with a profit instead of a loss.
Avoid putting all your financial eggs into the one basket
and diversify in different areas. My view is to use
the stock market to make money, and then park it in
real estate.
2. Homework: Get educated and know your subject.
How many times do I hear the comment that I can learn
it all in a book? Reading one book or attending one
seminar is not enough. We live in a global marketplace
that’s open 24/7 and if we don’t stay in touch with
what’s happening around us then we will never progress
forward in anything that we do. Study and read, then
study and read some more. Learn to become an expert
in your field, a student of the stock market always
updating with the latest information. The old saying
‘readers are leaders’, is so true, as you are the leader
of your own and your family’s financial future you must
act accordingly. Taking all this into account there
is still no substitute for education, doing your own
homework, reading and forming your own thoughts and
ideas.
3. Keep your trades to even dollar amounts.
If you trade in uneven amounts you can have more winning
trades than losing ones and still end up losing money
overall. You could win a small amount in 3 or 4 trades
and lose a large amount in 1 or 2 trades, thus wiping
out your complete trading portfolio. You must trade
in even amounts to be successful in the stock market.
4. Who do you listen to for advice?
In my seminars I would ask the audience “who wants
to earn over $100,000 per year?” Hands would then go
up all over the audience. I would then ask them “who
are you listening to for advice?” Why would you listen
to anyone about how to make $100,000 per year if they
weren’t already making $100,000 and doing it for themselves?”
Most people listen to friends and relatives or take
the latest tip out of the newspaper as their form of
advice. I teach people to be very careful where they
go for advice. You have to become educated on the stock
market, learning and then applying what you have learnt,
to become an expert in the strategy of your choice.
No one cares about your investments more than you do.
While you are awake at night thinking about how best
to look after your money, your financial planner is
sound asleep. No one loses any sleep over your financial
affairs, so you must look after it yourself as you are
in charge of your family’s future.
5. Become an expert at one strategy.
Get to be an expert in the strategy of your choice.
Become an expert at managing your own money, learning
how to cut your losses short and moving your money into
better moving stocks. When you evaluate a trade ask
yourself, “What else could I do with my money to free
up my time?" All traders need to be students of
the market; continually doing simulated trades to stay
on top of their craft. Practice, practice, and more
practice if you are to be the best at what you trade.
You don’t see Tiger Woods go into a competition without
any practice. He practices his swing on a daily basis.
Do at least 15 paper trades with at least 10 in a row
being successful before you enter into trading the stock
market.
There are two different sets of skills at work here.
One is how to make money in the stock market of which
this skill can be learnt and fine-tuned. The other is
how to keep you money after you have made it which is
a lot harder because this one lets emotion creep in,
almost always being our downfall.
Friends, I know that these 5 points will help you further
your investing future in the stock market. The utilisation
of N.L.P. can only help you stay focused on your profitable
financial outcome with a much greater positive result.
Being able to take you subconscious to a level where
you automatically do what is necessary to become profitable
in your life. Since my workshops with Chris Howard I
have not only been able to become more focused in business
but my attitude toward trading has also improved out
of sight.
I wish you all the success in your investing future
and if you want any further information on StockCourse
or our stock market workshops please feel free to email
us or check out our web
site. We have our Australian and New Zealand workshops
coming up very soon.
One final note, always bet on the side of optimism,
as pessimism will always fail.

Safe and Profitable Trading
Tony Summers
Director, StockCourse
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