BarroMetrics Views: Habits of Success
First off the blog announces the Habits of Success webinar to be held over two weekends:
- Sat & Sun Aug 29 & 30 @ 7.30pm - 11.30pm HK/Singapore time
- Sat & Sun Sep 5 & 5 @ 7.30pm - 11.30pm HK/Singapore time
And now to the reasons for the change from a seminar to a webinar.
Normally I hold the event as a seminar over a Saturday and Sunday. But this year, for personal reasons, I am unable to commit to the seminar. So I have converted it to a webinar over 4 days. The odd times are to accommodate the US traders on Eastern Standard Time with those in this part of the world. It’s difficult to set a time that suits everyone; the times I finally decided upon are the best compromise possible.
There is a reason why I choose to do a webinar rather than just cancel the event. This year I have had numerous requests by traders living in Indonesia, Malaysia, HK and Singapore to make Habits of Success available. Well now I have. If the numbers justify it, I shall hold both a seminar and webinar next year.
I am most often asked: why is the price so low? In this part of the world US$650 (about S$850.00) for the equivalent of a 2-day event with videos of the event thrown in is unheard of! The lowest price for a 2-day trading event (that I know of) is S$2500.00 and the top end is S$6000.00.
The reason has nothing to do with the quality of the content. If this were a commercial event, I’d be charging S$4000 to S$5000.
I keep the prices low because it’s my annual ‘give something’ back. The fees only cover my costs; my time is freely given. I choose this content because I believe that most traders are unsuccessful because they lack the foundations for success. Newbies focus on the ‘plan’; for them, it’s the ‘holy grail’ of success. For most newbies, the mindset is: ‘easy’, ‘few if any losses’, no need for ‘effort and time’ to learn the basic skills and 80% to 90% of newbies fail.
They fail because the reality for success comes from a very different mindset.
You need to put in the ‘effort and ‘time’ to acquire the appropriate set of skills. And this leads to the key question: what skills in what areas do I need to succeed. In this event I seek to impart the foundations of success at a price that allows you to say: ‘Thanks, but trading is not for me’. Or “Great! The roadmap provides the skill set I need to master.”
Once the foundations are in place, you are free to pursue greater market understanding.
I liken this quest for the ‘holy grail’ to a novice golfer who can’t even hit the ball but who pays large dollars for the best equipment and attire. Unfortunately the money is ill-spent. Until he learns the basic skills, he will not become a better golfer no matter how much he spends on equipment. On the other hand, in the hands of Tiger Woods, the quality of the equipment makes a difference. So too with the trader:
- He first has to become competent in the basic skills - the foundational elements.
- Once he is competent on the foundational elements, a better plan i.e., a more robust understanding of the nature of markets, will make a difference to his bottom line.
For more details go to: http://www.tradingsuccess.com/hos.html
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