BetterTrades / Long Term Short Term Instructor Instructor Bob Eldridge is a stock market entrepreneur.
The word entrepreneur is associated with the word “risk” to most people. Actually, nothing could be further from the truth. Entrepreneurs add creativity and innovation to reduce risk after they look for opportunity, and then they place their plan into action. When asked, “Bob, do you find yourself taking risks when trading?” Bob of Long Term Short Term emphatically replies “No!”
Life for Bob was good before he started trading, but it wasn’t the American dream he had hoped for. Before becoming a stock market entrepreneur Bob made a decent living making $70,000 before taxes and benefit deductions, and $35,000 after, working for the Federal Aviation Agency.
BetterTrades Bob Eldridge yearned for more, and began to consider his options. Buying or starting a business had significant drawbacks and capital was hard to find. Multi-level marketing wasn’t an option for Bob either. There were too many things out of Bob’s control in multi-level marketing, even though he considered finding the right people and motivating them were extremely easy.
So Bob sat down with a pen and paper. He put a list of criteria down on paper and evaluated every possible element for reaching his dream of financial independence. He came up with 7 criteria that include no employees, no upward limits on producing income, no demanding customers, no sensitivity to the changing economic climate, no overhead and no inventory, no liabilities, and no schedules to maintain.
The answer … Real Estate! Bob took several real estate classes and practiced the methods and techniques he learned. Things for Bob looked like they may change. Unfortunately the only thing that changed for Bob was the economy, for the worst.
Bob’s properties went down in value and he lost a bit of money.
At about the same time Bob noticed the stock market. Bob noticed a pattern in Wal-Mart stock.
Wal-Mart stock would go up 3 or 4 points and then back down to its original value.
Then, it would do the same thing again. Bob noticed that the cycles repeated and was wondering whether he would be able to predict future patterns.
Bob decided to enter the stock market at this time. When Wal-Mart hit the low end of the cycle Bob purchased 100 shares at $18 per share.
Bob watched the stock market during the next month and its rise to $22 per share. This is where Bob made the sweetest $400 he ever made, he told his broker to SELL!
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