Weekly Inspiration & Success idea

The Law of Cause and Effect

Everything happens for a reason. For every cause there is an effect, and for every effect, whether you know it or not, there is a specific cause or causes. There are no accidents.

You can have anything you want in life if you can first decide exactly what it is, and then do the things that others have done to achieve the same result.

Selling my Real Gold

Gold Price had reach an ALL TIME 10 year high. I have just sold my 6 Taels of GOLD for a total of $97,200 HKD. The cash will go into my Investment account.

Key Lesson from Secrets for Profiting in Bull and Bear Markets by Stan Weinstein’s

Basic concepts:

-10 weeks simple moving average (SMA) is for traders

-30 weeks SMA is for Investors

-Clear cut trendline need at least 3 points of contact

With every stock, there are 4 stages

-Stage 1 – Base formation (Price ranges around 30 SMA)

-Stage 2 – Break out from base and trending up (Price are above 30 wk SMA and the slope of MA is UP)

-Stage 3- Top formation, price cross below 30 wk SMA, SMA slope flatten.

-Stage 4 – Bear market, price stay below 30 wk SMA and SMA direction pointing down

-Never buy stock when price below 30 wk SMA

-Never short stock when price above 30 wk SMA

-Never buy stock if RSI is negative

-Never buy stock with declining 30 wk SMA

BUYING

-Buy stock in Stage 2 uptrend and price must be above 30 wk SMA

-Place stop loss below 30 wk SMA after buying stock

-Try to place stop protected by Round number

SELLING

-Maximum 15% stop loss rule (for me I prefer 10% stop loss)

-Trail stop with 30 wk SMA

-When Stage 3 arrived, tighten stop to latest correction low

-Take partial profit when target price reached

-At least Take partial profit when uptrend line was violated

-Sell everything in Stage 4

Quote from Anthony Robbin "Unlimited Power Book"

" People who succeed in life are those who have learned how to take any challenges that life gives them and communicate that experience to themselves in a way that causes them to successfully change things. "

Key Lessons from Undercover Billionaire (video)

For those of you who learn better by watching video, I have post an video on youtube on the KEY LESSONS that I learnt from Undercover Billionaire show. The link is below:

https://www.youtube.com/watch?v=SG7QCmtX2Fg

Key Lessons I learnt from Undercover Billionaire TV show

     1.  You don’t need a big bundle of cash to become a self-made Billionaire

     2. Cover the basics first – you need to cover the basics of living expense first before you can build anything bigger

     3.  Recognize your strengths and weakness

     4. Find your buyer first & then the rest will fall in place

     5. People miss a lot of opportunity when they panic and quit too early

     6.  Got to look confident and calm on the outside– you can’t let people know you are desperate even if you are 

     7. The importance of knowing the right people

     8. Buy low and sell high 

    9. A relationship is what sale is all about- convince the buyer they need what you are selling

   10.  Tap into the head mentality – speak in front of a group and sell them. If you can get one to two people to buy from you, the odds are the whole herd will follow

   11. Identify a need and fill it. This is the trick to start a successful business is to fulfill an important need in the market place

   12. For business idea – look for business industry that are growing

   13. The importance of human capital – surround yourself with people smarter than you

   14. List your selling price higher that what you eventually want, as the buyer will always try to negotiate a lower price.

   15. Know the true retail value of anything before selling it in the market

   16. Be ready to Pivot. A good business person is always prepare to handle the quick turn and failure that comes with running & starting a business

   17. Surround yourself with experts in their area

  18. Do you due diligence

  19. Turn rivals as revenue. Strike deals that are mutually beneficial

  20. Less if more- cut out any information that is irrelevant, stick to the essential

  21. “No” is just the start of the conversation. All successful business had been told the word no more than the word yes.

  22. Sometime in business you had to lose the battle to win the war

  23. If things go wrong, don’t go with them. The ability to remain cool under pressure is what set apart the professions

  24. When conflict arise, combat is optional 

  25. Endure more pain than anyone else, push through the tough time, as success come to those who push through the pain

Updated Stock portfolio

I have recently updated my stock portfolio so that I will have a dividend check every month. Currently I have achieved monthly cashflow of $11,000 per month from my dividend alone.

I plan to continue to purchase high yield dividend stock if the market continue to fall.