Traders Life Post – What is SMUI?

What is SMUI?

I was highly influenced by a gentleman named Tom Marshall. He was an incredible innovator in so many ways. I read everything he wrote…until he disappeared. Nobody has seen him since. That was 40 years ago…

One concept he invented was SMUI, small mobile unit of intelligence. It was this concept that was one of the main reasons that I became a trader. Even in the 1970’s, the life of a trader was much more portable than other jobs or businesses.

Let me unpack Marshall’s concept of SMUI.

Small is the first word. The smallest unit is the individual. He was saying to operate as an individual not part of a big organization. The individual is the freest unit possible. It can go anywhere in the world much easier than other units.

“He who travels fastest, travels alone.”

An individual can be totally self indulgent which likely means that they are the happiest unit.

Interestingly, individuals are likely less likely to be preyed on by governments. They can shuck and jive because they are very flexible and mobile.

Having said all that, Marshall had a girl friend so he was a unit of two. Research has suggested that people in committed relationships are happier than people who are alone. Still, you get the idea. The smaller the unit, the greater the freedom.

Mobile is the second word in the phrase. Marshall believed that mobility was a way to increase freedom.

Let me give an example. I don’t live anywhere. I am globally mobile. I am treated like a king in virtually every country I go to. I have far more freedom than the local citizens. So mobility creates a freedom that few people in the world have.

Non-mobile people are sitting ducks for government and private predation. They can’t prey on you if they can’t find you!

The third key word is intelligence. Marshall felt that an intelligent person would always be able to make money anywhere in the world. And that intelligent person would be able to figure out to thrive no matter where they were.

The SMUI concept is one of my foundations of my trader’s life. The trader’s life is all about freedom. It’s about being able to live where you want, when you want, and with who you want.

The larger the organization, the less freedom it has. Being a Small Mobile Unit of Intelligence is a critical way to become free and that is the point of being a pro trader.

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TRADESMITH video Free version – December 11, 2017

Courtney Smith’s amazing weekly free TRADESMITH video has just been launched hot off the press. Don’t trade without it!

Courtney Smith’s market forecast, TradeSmith, provides valuable insights on the market from a Professional Trader with over 45 years experience. Courtney Smith is the only person in history to have managed atop ranked Hedge Fund, Stock & Futures Picking Newsletters, & Mutual Fund. Watch & learn from a master trader’s analysis of the market. Courtney has been featured on TV over 1000 times and trained on hundreds of stages around the world to tens of thousands of traders worldwide. Subscribe to the Premium TradeSmith Podcast to receive additional insights and specific trade recommendations at http://bit.ly/WeeklyMarketForecast

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TRADESMITH video Free version – December 4, 2017

Courtney Smith’s amazing weekly free TRADESMITH video has just been launched hot off the press. Don’t trade without it!

Courtney Smith’s market forecast, TradeSmith, provides valuable insights on the market from a Professional Trader with over 45 years experience. Courtney Smith is the only person in history to have managed atop ranked Hedge Fund, Stock & Futures Picking Newsletters, & Mutual Fund. Watch & learn from a master trader’s analysis of the market. Courtney has been featured on TV over 1000 times and trained on hundreds of stages around the world to tens of thousands of traders worldwide. Subscribe to the Premium TradeSmith Podcast to receive additional insights and specific trade recommendations at http://bit.ly/WeeklyMarketForecast

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TRADESMITH video Free version – November 27, 2017

Courtney Smith’s amazing weekly free TRADESMITH video has just been launched hot off the press. Don’t trade without it!

Courtney Smith’s market forecast, TradeSmith, provides valuable insights on the market from a Professional Trader with over 45 years experience. Courtney Smith is the only person in history to have managed atop ranked Hedge Fund, Stock & Futures Picking Newsletters, & Mutual Fund. Watch & learn from a master trader’s analysis of the market. Courtney has been featured on TV over 1000 times and trained on hundreds of stages around the world to tens of thousands of traders worldwide. Subscribe to the Premium TradeSmith Podcast to receive additional insights and specific trade recommendations at http://bit.ly/WeeklyMarketForecast

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TRADESMITH video Free version – November 20, 2017

Courtney Smith’s amazing weekly free TRADESMITH video has just been launched hot off the press. Don’t trade without it!

Courtney Smith’s market forecast, TradeSmith, provides valuable insights on the market from a Professional Trader with over 45 years experience. Courtney Smith is the only person in history to have managed atop ranked Hedge Fund, Stock & Futures Picking Newsletters, & Mutual Fund. Watch & learn from a master trader’s analysis of the market. Courtney has been featured on TV over 1000 times and trained on hundreds of stages around the world to tens of thousands of traders worldwide. Subscribe to the Premium TradeSmith Podcast to receive additional insights and specific trade recommendations at http://bit.ly/WeeklyMarketForecast

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TRADESMITH video Free version – November 14, 2017

Courtney Smith’s amazing weekly free TRADESMITH video has just been launched hot off the press. Don’t trade without it!

Courtney Smith’s market forecast, TradeSmith, provides valuable insights on the market from a Professional Trader with over 45 years experience. Courtney Smith is the only person in history to have managed atop ranked Hedge Fund, Stock & Futures Picking Newsletters, & Mutual Fund. Watch & learn from a master trader’s analysis of the market. Courtney has been featured on TV over 1000 times and trained on hundreds of stages around the world to tens of thousands of traders worldwide. Subscribe to the Premium TradeSmith Podcast to receive additional insights and specific trade recommendations at http://bit.ly/WeeklyMarketForecast

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TradeSmith Video Notice

Please note that this week’s TradeSmith Video will be sent out Tuesday morning.

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Tips On Getting The Most From All Your New Leisure Time

Imagine the sun waking you up. No alarm clock!

You throw back the blinds on your ocean-side condo. Another beautiful day.

This is the life of a pro trader. This can be your life.

Actually, the reality of nearly total freedom was disconcerting when I first did it. I had already retired twice but the third time was actually hard to do!

I had been working 16 hours a day for over 20 years. All of a sudden, I had nothing to do. I was a little dizzy and unfocused. I think the same thing happens to people who retire after a lifetime of working. So let me give you a few tips.

Create stuff to do. For me, I ended up starting to really read the news and learn more about trading, particularly the fundamentals. I developed models and back tested a million ideas.

The advantage of adding this work is that it increased my trading income! Double super whammy!

But you should find something productive to fill your time. It should be productive or else it will actually destroy you. Don’t watch TV all day.

A second tip is to be physically active. Walk everywhere instead of driving. I will decide to go to a movie. But I will walk to a theater that is a couple of miles away rather than one that is close by. I get some exercise, listen to a podcast, and stop and smell the roses.

A third tip is to be yourself. In the final analysis, being a pro trader is all about being who you REALLY are. You no longer have to know tow to a boss or customers. You get to be a good person all day long. You get to really release the incredible power inside you.

Go be that person!!!!

It took me time to really understand all the ramifications of being free when I stopped working for the Man and became an independent pro trader. It took me time to get into the rhythm. It took me time to get into the  true freedom.

We have an amazing course which can really help you get through the psychology of being financially free called Psychology of Massive Wealth. It’s super inexpensive. You can register,

Click here for information!

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You have officially blown my mind!

I love getting letters like this. They really are the reason I do this!

Hey Courtney,

You have officially blown my mind!  Yesterday’s sessions of the 2-Day Income Course were eye-opening to say the least.

I’ve been trading options exclusively since May.  I dug myself a hole, but have steadily been filling it back in during the month of October—after becoming an OU PhD student in the middle of the summer.  I thought my returns were a little insane (ie, 30% ROI in one day on October 27); but, I figured I could “probably make it” as a professional options trader by sometime in 2019, even if I made a fraction of those kinds of returns.

I stepped up to your challenge to write out and CALCULATE my goals and scrounge to find ways to add to my trading account.  Last evening, I sat down at 8:15 p.m. ET after the course had ended for the day and sharpened my pencil.  I lifted my head up from my calculations at 1:00 a.m. – with my mind officially blown!  I kept trying to poke holes and challenge all of my excel formulas, but it kept working out to roughly the same numbers despite how I tweaked them.

Life altering decision – homelessness is the path for me!   With the equity in my home freed up by August of 2018, I will be able to trade to earn a livable income immediately and reach my ‘lifestyle’ goal income within 3 years.

Whooohooo!  And, thanks for being such an entertaining instructor!  Even sitting at home watching the webinar at my desk with distractions all around me, the day flew by as I was glued to the screen.

Sincerely,

R

Here is the link if you are interested in taking the course she was raving about. Click here to register.

Posted in Economics, Investing General, Lifestyle, Stocks, Uncategorized | 1 Comment

Sneaky Ways Professional Traders Use To Make Money

There are million sneaky things that pro traders do that amateurs don’t. That is one reason they are rich and amateur traders aren’t. It’s that simple.

It is very important that every trader shift their trading into high performance mode. In fact, you can increase your profits dramatically as you learn these sneaky tricks.

In a way, being a pro trader is learning sneaky tricks and expanding your toolbox of sneaky tricks.

I’ve spent 45 years learning them!

There are literally hundreds of sneak tricks. Here are some of them:

– Look at the size of the bids and asks to help determine the trend

– Look at how many trades are at the bid and how many at the ask to help determine the trend

– Look at TICK and TRIN for stock traders

– Look at how much volume has been traded at a particular price to determine upcoming pops and drops

– Look at sentiment indicators to determine when a market is about to top or bottom.

– Look at the seasonality of a particular stock to get the “odds” that a stock will rally or plunge.

– And many many more…

Oh, by the way, I’ll be talking about these techniques in my amazing new course, High Performance Stock Trading. It’s coming up on November 18-19. Click here for more details.

You will learn tricks I’ve learned in my 45 years of being a Wall Street trader as well as a retail investor. These are the tricks I use to become the number one mutual fund manager in the US!

I know that you can learn a lot by taking this course. Click here to register.

 

Posted in Business, Economics, Investing General, Lifestyle, Stocks, Uncategorized | Leave a comment