My friend sent me an advertisement for silver today, wanting me to read it and then give my opinion on what I thought of their investment. First, if someone is sending you an ad to make an investment, then forget it. All you can generally tell about it is that they have figured out how to make a profit if you invest with them. It probably doesn’t mean anything other than that.

However, my point in writing this blog is that my friend doesn’t appear to have learned a lot of my key principles yet. First, he needs to work on his psychology. To the best of my knowledge, he hasn’t done the Peak Performance Home Study Course yet. Once he really understand himself and his objectives, then he needs to develop a business plan and a method that fits him. That method, if he had one, would help him generate his own investment ideas. To the best of my knowledge he hasn’t done that either.

I knew that my friend had not done either of the things that I recommended above, so I then gave him a good newsletter recommendation. I said that I have evaluated this particular newsletter and I believe it to be one of the best around. Unless you want to come to one of my workshops and learn how to evaluate such newsletter for yourself, I suggested that he simply trust me and subscribe to this newsletter. I then said to be sure to take every trade and not to risk more than one percent of his total portfolio on any trade.

I don’t know whether he followed my advice or not, but the fact that he wanted my opinion about some advertisement for silver suggested that he has not. He wants to consider every trade for himself, but he doesn’t have a method by which to do so. Hmm. Remember my definition of self-sabotage? When you don’t follow your rules, you’ve made a mistake. When you make the same mistakes over and over again it is self sabotage. And if you trade without rules that would also be self-sabotage.