The Michael Caz Podcast brings you the latest in health, business, relationship, and adventure.
Manage episode 152573516 series 1063725
על ידי Joshua Belanger התגלה על ידי Player FM והקהילה שלנו - זכויות היוצרים שמורות למפרסם, לא ל-Player FM, והשמע מוזרם ישירות מהשרתים שלכם. הירשמו כדי לעקוב אחר עדכונים ב-Player FM, או הדביקו את כתובת העדכונים באפליקציות פודקאסט אחרות.
Quick question. .... What do options trading and the game show "Wheel of Fortune" have in common? Can you guess? The answer is if you study the probabilities and predetermined outcomes of both it is possible to create predictable results. For example, Robert Santoli recently took home $76,000 from "Wheel of Fortune". Later he revealed he'd methodically studied 13 years of clues from websites that archived the puzzles, and created spreadsheets to document his findings. So let's compare him to the majority of the other contestants. You know, the ones who come on with minimal preparation and try to "wing it" on the night. I guess it is possible on some occasions the stars will align, and they might win without any preparation or real understanding of how the game works… But if you're playing against someone like Robert, you're going to get beaten like a red haired stepchild. You see, Robert has an in-depth understanding of what has worked in the past. He knows the strategies required to win. Any you know what? With trading, it's the same scenario. The majority either hand it over to a "professional", or they take the very hard road of trying to figure it out themselves learning on the fly. Unfortunately, both of these scenarios are doomed to failure more often than not. Reason being, they're leaving things up to chance, and THEY'RE NOT IN CONTROL OF WHAT THEY'RE DOING. A far smarter way to approach being successful at investing is to follow similar principles to what Robert used to win Wheel Of Fortune. The ironic thing is that I teach you a similar approach in the book I wrote called "Fearless Investing With Options". You'll discover exactly how to leverage successfully sensibly to reduce your risk and take money from the market and keep it! If you haven't picked up your copy yet, you can get it here: http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger