Podcast – Episode 54 – Learning to Trade is Like Learning To Snorkel


Podcast Transcript

Hey there passive traders, it’s me, Alan and today I am coming to you from the sunny beach of Cancun. I believe they call it Playa Mujeres because it’s the beach of Mujeres. Out there behind me, somewhere over there is the Isla Mujeres and this resort that we’re at is actually on the Beach of Mujeres and so we’re here on vacation with the family and I just wanted to shoot this quick video podcast to let you know that I learned something yesterday that I wanted to share with you guys and it’s really …

Right behind me in the water, we took our kids snorkeling for the first time, the seven year old and eight year old boys. Sorry about the squinting it’s really sunny today, but we took them snorkeling for the first time and I don’t know if you’ve ever been snorkeling, but you get a little mask you put on and you get a little snorkel and you breathe through the snorkel and you look down in the water and you see whatever’s in there.

Now, there wasn’t much to see out here. There was some fish. You go a little bit further over there, there’s some seaweed and stuff. There were some pretty cool fish, a couple of big fish actually. They were really excited about that, but when they first started, I had prepped them ahead of time before we came on the trip. I told them, “Hey, we’re going to do snorkeling. It’s really cool. It’s really cool. You put this thing and you can see all the water and all this different world, all that stuff.”

They were all excited. They were wanting to go. When we got here, it’s kind of like trading, right? You hear about it, you picture it in your mind. It’s like, “Oh my God, this is so cool. I want to do this. I want to do this. Yeah, I’m going to be awesome at it.” Then you get your equipment, you get your mask, your snorkel, you get some instruction. “Yeah, this is what I’m going to do.”

Then you go do it for the first time and you totally freak out because it’s not easy and it’s not normal. You’re not used to it because you’re not breathing with your mouth anymore. I mean, you’ve got breathing with your nose, you have to breathe with your mouth. Then if you get a little water in the top of your snorkel, then drinking water and then the water is coming in your mask and your eyes are burning from the saltwater. Believe me, we had that same experience.

Basically, we walked them through it. It’s the same thing with trading. The first thing you have to do is you have to put your mask on, cover your nose, get used to breathing with your mouth. Open mouth breathing, breathe with your mouth. Once you got that done, you put the snorkel on. You got to make sure it’s all tight and snug and then you have to breathe with the snorkel. You’re just breathing with the snorkel. Once that’s done, then you stand in the shallow water, you put your head down and you just look around, focus on your breathing, don’t even worry about what you’re looking at, just focus on your breathing, making sure all your technical aspects are right, making sure you’re following all the rules, making sure step-by-step you’re not making any mistakes. Then once you have all that done, then that’s when you get into the water and you go deep and you start floating and then you can go a little bit farther.

First time is going to freak out. You’re going to … It’s going to be like, “Oh, it’s not happening. It’s not happening the way exactly that I planned in my mind.” There’s a fish and you’ll freak out or there’s a piece of thing, something touching my foot. All that stuff happens, especially in trading. It doesn’t go exactly as you want, but if you go back and you stick to it, eventually you end up like my boys. I mean, they loved it. They loved it so much, they want to go again today and they want to go … There’s some shipwreck off the coast of the Island. They want to go over there.

It blew me away how I couldn’t get them out of the water. I couldn’t get the snorkel off their faces because they were like, “No, no. More, more, more.” There’s nothing to see here, but they were so excited and that is how I want trading to be for you. Whatever your issues are right now, if it’s not going well, if you don’t know what steps to take, if you don’t know exactly what instruction you need, it’s there where it’s available.

You just got to take the simple, simple, slow, slow steps, right? Get your stuff, get all your equipment, practice the easy things. Practice putting on paper trades. Getting on the trade, putting it on, getting out, putting it on, getting out. Practice finding trades. How do I find a trade? What do I go through? How do I make it streamlined as possible? Right? Because I don’t want you to just put on your stuff and just jump in the deep water right away. That’s what most people do. That’s why they get burned. I have a lot of people, a lot of students that told me, “Oh no, I don’t want to do paper trading. I’m going to put … I got $20,000 I’m just going to let it ride on one trade.”

You’re freaking crazy because you’re going to lose a lot of money that way and they do. Then they come back and they’re like, “Yeah, I should’ve listened to you.”

Well, that’s too late now. You just learned a very, very expensive lesson. Let’s not do that. Let’s do it snorkel time, right? One at a time, because in snorkeling, you mess it up, what happens? You just stand up. You drink some salt water, no big deal, but what could have happened and what almost happened with my second son is that he almost gave up. He tried it the first time. “Oh man, daddy, I don’t like it. This is horrible. I don’t want to do this anymore.” He threw the mask down and he threw the snorkel down and he just stormed away.

That’s what we cannot have happened to you because if it does, then you lose out on a passive income stream that has the power to change your life. I mean, take a look around. I’m here on a weekday in Cancun, enjoying with my family and my trades are still working, right? I mean, you can see … There are not there many people here, right, because this is a private beach for a private resort. There’s not going to be a lot of people here. This is not like the cheapest resort on the place as you can imagine. That’s what comes with from trading properly and passive trading and the ability for you to be able to take vacations, not have to worry about your trades as much.

I mean, I checked on my trades this morning. It’s actually the same time frame here in Mexico as it is back home for me. I checked on my trades this morning and they’re fine. They’re doing great. I’m making money, my options are … They got [inaudible 00:06:13] going on everyday so I’m not worried. I checked it. It’s all done, but I got to take the chance and the day, or at least a few hours, to teach my kids a skill or have an adventure with them that they are probably going to remember for the rest of your lives because I remember the first time I went snorkeling and it was with a school trip. It wasn’t with my parents, but they were here with their parents and I think they’re going to remember that for the rest of their life, which is pretty cool.

I don’t know what else to say. I’m trying … I’m making this video here in Cancun with the beach and everything because I want to inspire you. I want to motivate you. I want you to be like, “Yes, I got to do this right now. I got to get going right now.” This is the time. Today is the time. I have a couple of other stories from Cancun. I’ll share on them later, but in this one, I just wanted to say, look, every day that goes by is a day that you get closer to retirement or you get closer to that next bill that needs to be paid, right? Today’s the day that we need to start so that you can start enjoying stuff, do the things that you want to do, take your families on trips you want to do, adventures. Teach them the stuff that you want to really teach them.

Just take it step by step, just like snorkeling, it’s doable. You start off in the shallow water. Step one, step two, step three. Break it down as easy as you can. If you don’t know the steps, let us know. We’ll show you the steps. Okay? With that in mind, you want to take a look. That’s the beach. It’s beautiful. Blue waters everywhere you can look. It’s gorgeous. Take care and happy trading.

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