Emini Trading – The Economy Update!
The Economy Update – Where are we going?
Hi everyone. Every time I post a blog I discuss how great my Trading System is. I go over the emini trades and sometimes do videos. I’ll still touch on that today, but I really want to talk about the economy. Gang, you probably don’t need me to say this but we are not recovering! We are getting worse! With elections forth coming you will hear a lot of BS about how we’ve improved and we’re going to improve etc. But let’s look at some facts:
First – the US Credit has been downgraded. I realize that has yet to impact us, but IT WILL!
Next – The Fed states they will keep interest rates low for the next 2 years. People feel that will increase housing purchases, business development loans, and the list goes on and on. However, had we forgotten that rates have already BEEN THIS LOW for a long time and housing has lowered, unemployment has risen! Now we are told that inflation is officially going higher and one of the ways to control it is to raise interest rates. The problem with raising rates is in a slow growth or no growth environment this will throw us back in recession! Folks, one word – stagflation!
Next read the following – all from TODAY!::
- Housing sales dropped 3.5 percent :
- Philly Fed Report out today and that was HORRIBLE :
- And factory activity tumbles to a two year low :
- and if you want one more piece of bad news it’s pretty easy to find –
Morgan Stanley Cuts 2011 Global Growth Forecast:
Oh, and did I mention unemployment? The “real unemployment” rate is 16.2 percent!
http://www.cnsnews.com/news/article/real-unemployment-rises-162-june-253-mil
Folks, we can go back several months and see that report after report shows us going into a recession and this recovery WILL take a lot longer than you may think. Trust me when I say – don’t believe Politicians especially during this mess!
Now is the time to take your own financial destiny in your own hands! Folks, learning how to trade is not easy – I’ve said that a thousand times. You can lose money if you are not disciplined. Learning to day trade for a living is a skill. Once you acquire this skill your fears and worries about the economy fade, and fade quickly. WHY? Because as bad as the economy will get – WE CAN STILL TRADE ! The markets will still be there!
How long will your job be around? I hope its always there for you and your family. However I’ve talked to literally dozens of students that have lost their day jobs and were happy they knew how to trade or were at least on the path to learning how to trade for a living!
Times like this we must all be careful. Snake oil salesman will come out of the woodwork trying to get your hard earned dollar! Be careful! I am proud to say that we’ve been online for 4 _+ years now and we have hundreds of students all over the globe that are doing very well trading for a daily income!
Because learning to trade DOES take time to master, isn’t it prudent to learn now? I had an individual call me the other day who had been wanting to learn to trade, however with his job schedule he couldn’t find the time. Now he is unemployed! He has a lot of money in savings, and money that he can trade with. The problem is – he doesn’t know what to do! Had he learned over the past few months he could have been ready to trade live.
Ok. I am not trying to ramble here guys. Bottom line is this: I sincerely believe things will get worse and the unemployment number will get bigger (regardless of how Washington wants to fudge it!) There are a lot of day trading systems out there – trust me, I know. My Emini System as well as all the others share one thing in common, and that is, they are only as good as the person trading it! So if you find something you like STICK WITH IT.!
My Trading System has been rocking! We’ve been showing you real charts and trade setups that are giving us several points per day – and in under 1 hour. We have many students up 20 + Points this week.
Think about this for awhile. Think about your future and where you want to be!
If you would like to talk to me personally, get in touch. I understand you will have questions and concerns and we want to help!
Here’s a quick video of today’s action and me reiterating what I just said in this blog! Thanks for your time!
David
ETS
Trading For a Living in This Economy
