Coaching for Stock Trading Success
The notion of having a coach isn’t new. Sports coaches, birth coaches, life coaches, and business coaches—you’ve heard of all those types. But more recently, another kind of coach, the kind that can help you and the generations that follow to be financially successful, has emerged. That person is called a financial investment coach.
I know what you’re thinking: How does a financial coach differ from an investment broker or a financial advisor? The answer to that is simple. The first difference is who does the investing; the second is in how much the services will cost you in the long run.
Today, the true financial investment coach is a rare breed. That’s because true financial investment coaches work on the old theoretical principle about man and fishing. The saying goes: If you give a man a fish, he’ll eat for a day but if you teach a man to fish, he’ll eat for a lifetime. The latter is what a true financial investment coach does. Unlike investment brokers and financial advisors, the goal of a financial investment coach is to teach you how to invest so you can build wealth, and then pass on what you’ve learned to the generations that follow so they can do the same. Then, since you are the one who will be doing your own investing, there’s no middleman to pay. Therefore, your cost for working with a financial investment coach, particularly one who operates like Bob Eldridge, is next to nil in the short run and nil in the long run.
Who is Bob Eldridge? He’s only one of the more notable financial investment coaches of today, that’s who he is! As a financial investment coach, Eldridge focuses on coaching people on both the how and why of investing. For instance, Eldridge has a system set up in which those he’s coaching can actually experience the stock market through him. The system, which Eldridge calls “The Bob Eldridge Training Lab,” allows people to see the prep work Eldridge does before the markets open to determine what his trading plan is going to be for the day, how he will respond based on common daily market conditions for a particular type of stock, and most importantly, why he’s doing everything he’s doing. The purpose is for those being coached to be able to experience stock trading without risk before investing their own money. Another tactic Bob uses to help novice investors to become self-sufficient financial investors his “Cash Cow Trading Lab” DVD, which teaches investors how to draw profits from investing in stocks every day. Now that’s a great coach!
The point is that, if you want to be a self-sufficient investor, you must work at it. A great first step is to learn the fundamentals of investing. BetterTrades, a financial investment education company that Eldridge works with as a Stock Market Trading Education Specialist, is ideal for building your foundation; the BetterTrades training sessions are offered in multiple formats—offline and online. The second step is to learn how to apply what you’ve learned. Therefore, after you’ve taken a BetterTrades course, or even while you’re learning from BetterTrades sessions, contact a financial investment coach to take your financial investment education to the next level. Whomever you choose to be your financial coach (if they’re a true coach), and certainly Eldridge if you choose him, will help you to build your own expertise as a stock trader…and then send you on your way!