The most important moneymaking quality to have

Sean BowerIn the business of making money, the same lessons are often taught time and time again by the experiences you go through. The victories reinforce your beliefs in those lessons, and the defeats make you realize just how important they are.

In the past few weeks, Jim Samson and I have been working very closely together on something that we both use to funnel money straight into our bank accounts.

And we’ve quickly been reminded that this is the most vital moneymaking quality you can possibly have…

The longer I live, the more I learn that timing really is everything.

  • The perfect job opportunity has to open up at the same time you are actively searching for a new role….
  • The perfect deal on the perfect house requires a seller to put it on the market at the same time you are looking to buy…
  • Even the perfect relationship can only happen if both individuals are single at the perfect time in order to start the relationship to begin with…

And timing is undeniably vital when it comes to making money. The right move at the wrong time isn’t the right move at all. But if the timing is right, that move can turn a man with nothing into a wealthy man.

Jim and I have relearned this once again as we’ve been closely working together with our efforts in the stock market.

In fact, the importance of timing is magnified when it comes to picking winners on Wall Street. Stock ABC can go from $20 to $15 and then to $100, so if you get in at the right time you’d make thousands!

…But if you get in when it dips from $20 to $15, you may get closed out of the trade with a significant loss.

That’s why you need to have the most important moneymaking quality to make money consistently in the stock market – patience.

When investing, practice patience and wait for everything to line up in your favor. Don’t rush and make a trade just because you feel the need to have a position open.

Identify which market you’re in – bull or bear. Then pick out the strongest stock if you’re in a bull, or the weakest stock if you’re in bear. Then wait for the secondary trend of the market!

If you’re patient enough for all of this to line up perfectly, it’s incredibly difficult to lose.

And winning in the stock market can mean a lot of money in your bank account…

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