The four-letter word holding back many from success

Note: Continuing on with my video experiment this week. I’ve already gotten some positive feedback, so check out the video and let me know your thoughts. Also, if you’re a free subscriber, there’s some normally locked-away Premium subscriber info in the video that you won’t see in this email. Here’s the link (it’s 4 minutes):

What’s success worth to you?

I’ve heard of SaaS owners (software as a service) who talked to a business consultant to help them get to the next stage of business growth. Said consultant gave them a plan of how to get there, but it would involve a hiring a lot of people and building a complicated software system.

They looked at the plan and said, “Wow! That’s a lot of work.”

To which the consultant replied, “well, it can increase the value of your company by about $150 million. So, yeah, it ought to be a lot of work.”

I think we often skip the math on some of our success opportunities.

For example, the trading system I use is mathematically designed to get me to millionaire status in about five to seven years. On about 2 hours per week. Yeah, there are very specific skills I had to learn and steps I have to take every week, but that’s still — in my mind — not much work for a whole lotta reward.

Everybody wants to win the business lottery, but few are willing to work for it.

So, the question for the day is:

What’s success worth to you and will you put in the work to get there?

I’m doing my part.

Yahoo Finance

Why it matters …

From the article …

“China has placed sanctions on five US-linked units of South Korean shipbuilding firm Hanwha Ocean, effectively barring Chinese companies from doing business with them. Both sides have already used special port fees to try to get the upper hand in maritime shipping.”

“Good feeling gone …” to quote Nemo’s dad. Evidently the Middle East was getting too much attention so China decided to “bang a pot.” I would expect more pot-banging from both sides for a few days/a couple of weeks. The trading system will continue to work, just keep rolling if necessary, but collect premium and smile!

Comments: Yesterday was incredibly green so we should expect some pullback today and looks like we are getting it. The banks are reporting some good earnings, but the MACRO news on China seems to overshadow any good news from the earnings front. If earnings keep reporting strong, the shear weight will overcome the MACRO news, but it will take some time.

My Alpha scan picked up a trade idea with a 1.70% return on risk into this Friday’s expiration.