Hey traders,
Yesterday I told you all about how I think trading is the easiest business you can ever start. Today, I want to dig a little deeper and share a story from back when I was a landlord.
Now, I’ve been trading since I left Gary, Indiana in the mid ‘80s, but along the way, I dabbled in a few other ventures.
Real estate was one of them, and let me tell you, it wasn’t as smooth as trading.
There was this one tenant — a real piece of work. The guy hadn’t paid rent in months, so I told him he had to be out by Monday.
When I went to check on the house, it was nearly empty, except for a few boxes… and a dog. A little chihuahua, sitting there in the bathroom like it had been abandoned.
Well, I took the dog home with me, thinking he had left it behind, and wouldn’t you know, an hour later the guy’s blowing up my phone.
He’s screaming, calling me every name in the book, threatening to call the cops. I just said, “Go ahead and call them, I don’t care. All I want is my rent.”
The cops did get involved, and they told me I had to give the dog back, but I wasn’t about to let this guy get away without paying what he owed.
So I drove back down there, dog in hand, and right as I’m about to give it to him, I pull it back and say, “It’s not fun when someone takes something from you, is it? Now, pay what you owe, because you’ve been stealing from me for two months, and I’m done with it.”
Eventually, I got my money, but man, it was a headache.
Now, compare that to trading.
You’re sitting at your computer, following a set of pretty simple rules, and you don’t have to deal with the hassle of someone who won’t pay their rent or calls the cops on you.
Sure, the stock market can be unpredictable, but every business has its ups and downs.
The difference is, with trading, the risks and rewards are in your control — and all you need is a solid strategy and some discipline.
Trade well,
Jack Carter
P.S. Speaking of solid strategies, have you seen the Overnight Income strategy Nate Tucci’s cooked up?
