Archive for August, 2008

Mark McRae Interrogation Session - Part 2

As promised here’s the remaining Mark McRae videos. There’s 7 videos in total and you will need to click the “More” link underneath the video below to see them all.

I’m very proud of how this interview went and, after watching it, I’m sure you’ll understand why…

Part #2

To watch the remaining videos click More

I Caught Stuart Red Handed…

I was hanging out with Stuart the other night when I caught him red handed signing a few copies of his book “Trading In A Nutshell” which was just released in the third edition.

As part of the book launch Stuart agreed to personally sign the first 100 copies however when those 100 copies sold out within the first 24 hours Stuart graciously agreed to extend the offer to all those who purchased within the first week - I don’t think he realised how many copies he’d have to sign :)

Did you grab your signed copy? If you’re quick you can still click here to get your signed copy.

Your Trading Coach,

David Jenyns

Mark McRae Interrogation Session

As part of the Online Trading Mastermind project, Stuart McPhee and I interviewed forex trader Mark McRae from www.tradeology.com. The interview lasted about an hour and took place in Mark’s hotel room while he was visiting Australia in August 2008.

I asked all the tough questions including:

“If you’re so successful trading why do you teach others?”
“How do you enter and exit your trades?”
“What were your best and worst trades of all time?”
and many more.

Watch the first 10 minutes of the interview below and then watch out for the next few installments of this fascinating interview over the next few days.

Your Trading Coach,

David Jenyns

Ps. If you want to find out more about Stuart’s work be sure to grab a copy of Trading In A Nutshell - Click here.

Mark Cook: Market Wizards Video

In mid 2008 Stuart McPhee chatted with Mark Cook, one of the top traders profiled in Jack Schwager’s Market Wizards book. Also known for winning the 1992 US Investment Championship with a return of 563.8% Mark is a highly sort after speaker. It’s a great video and well worth the watch.

Part #1

Part #2

Sidenote: if you want to find out more about Stuart’s work be sure to grab a copy of Trading In A Nutshell - Click here.

Let’s Get Started

First things first. The burning question in most of your heads now should be, “What Masterminding really is?” There are many definitions of Masterminding but they all carry the core principle of Masterminding.

Perhaps only Dr. Napoleon Hill can best define Masterminding. He described Masterminding as the “coordination of knowledge and effort, in the spirit of harmony, between two or more people, for the attainment of a definite purpose.”

He continued, “No two minds can ever come together without thereby creating a third, invisible, intangible force, which may be likened to a third mind.”

To put it simply, Masterminding is an effective and practical process to provide solutions to challenges, problems, and goal-achieving through other powerful tools such as creative brainstorming, networking and accountability structures.

What is the core principle behind Masterminding? Masterminding happens when two or more people, in a spirit of harmony, tap into a creative source of power that is many, many times greater than the collective powers of each contributing individual. According to Dr. Hill, this creative source of power is the third mind, the Master Mind. And that is God, or the term you use for the all-powerful creative life force. I prefer to see it as the Master Mind, which is only made possible through the pure synergy of the group.

We will gain a better understanding of Masterminding through an example - always a richer source of ideas than a straight definition.

For example, let’s say someone is a computer hardware enthusiast. He enjoys modifying and tweaking his computer. This guy constantly buys the latest and newest hardware and reads any books and magazines related to his hobby. He spends any available free time on forums to scour new sources of information. Unconsciously, as times passes, his hobby has become his core genius, he is an expert in this field. The knowledge and the bag of tricks he possessed are in demand by many people. He decides to take this knowledge about his hobby/expertise and turn it into a book. If he has never done is before, like many first time authors, he would not have the slightest clue where to begin. It is unlikely he would know strategies that he can apply into his writing, where to apply for the ISBN code, how to get financing to publish his books etc.

A Mastermind group will be his greatest asset at this point in time. Instead of seeking answers to his many questions alone which can be time-consuming and extremely pain-staking? A Mastermind group can accomplish this effectively and in a much shorter time. Through the Mastermind group, solutions and ideas are generated quickly through creative brainstorming, from personal experiences and tapping the wide network of the group to find publishers, experienced authors and investors etc.

Masterminding brings limitless possibilities to the person being masterminded. You get ideas, solutions and contacts you could never come up if you were working on it alone.

Source: http://www.mastermind-your-way-to-success.com

Welcome to the Online Trading Mastermind

This blog post represents the first step in our plan to hand pick a group of traders to become our mastermind partners. Within this small community we plan to reveal only our best trading tips, tricks and tactics.

Would you like to join our inner circle? Do you have what it takes?

We’ll be starting the screening process shortly, be sure to watch this blog to find out the application criteria.

Your Trading Coach,

David Jenyns