This May Be The Best Investment in a Book You Will Ever Make

2:19 PM

By Dan PImentel,
Airplanista Blog Editor

As this blog is dedicated to aviation, you usually see only content in that realm on here. But today I am deviating from my preferred routing to offer a review of a new book that is something truly special. It is not about airplanes, it is about trading the stock market, and if you’ve ever thought maybe you too could jump into that fray and make some money, I personally recommend Swing for the Fences: From Debt to Wealth in 7 Steps by Jason Bond.
    
I have always been fascinated with the markets, and over the years, have dabbled at day trading always on paper only (no real money invested) and always ending up with a loss. After reading Jason’s book, I now know the lack of success was due to me not developing the winning mindset of a trader, not going “all in” on learning how trading works. As you will see in the book, there is far more to trading than simply buying and selling shares of stocks. In fact, even if you know a bit about this stuff, when you hear Jason’s story and see how he turned $250,000 in debt into a portfolio of around $7 million today, you will learn that actually hitting that “buy” button on any of the online trading platforms is a small part of what happens when successful traders make money in the stock market. 

Let’s first meet Jason…
    
Jason Bond was educated as a teacher, and spent 10 years in the New York state school system as a popular teacher and sports coach. In that time, he and his wife amassed a great deal of debt – student loans, mortgage, car loans, credit cards and personal loans. The debt was killing his chances of ever building a solid financial future, and he knew he had to make a change. After reading the writings of Dave Ramsey, Jason and his wife set out on a four-year hard-fought journey to rid themselves of debt, and succeeded. He had always wanted to learn to trade stocks, and after learning the basics, began trading profitably for a big online stock picking website. But he soon found out that he could use his teaching skills to mentor others to learn what he was doing, and that work morphed into a giant community of people he mentors today at jasonbondpicks.com. With over 7,000 members, he passes along his huge knowledge of trading by being authentic, and showing everyone what he trades every day and why he makes those trades. One of the best things about what he does today is to not only show his winning trades – which are really something to see – but also his losses…and there will be losses. He does not sugar coat anything, and when he makes a bad call and loses, he does a video to analyze why the trade failed, and turns every loss into a teaching moment for his members.
    
I am one of those members, and after reading his book, I have been watching his training videos and practicing his strategies in a paperMoney platform from TD Ameritrade. I can assure you that what he teaches works, but only if you truly go “all in” and are determined to first try it his way before experimenting on your own. I’ve been at this for six months now, and only in the last two weeks have I enjoyed consistent wins and very worthwhile profit. Yes, it is all still in the “paper trading” realm, but Jason’s advice to learn first and spent as long as it takes trading “paper” to build up your skills is very important.
    
Swing for the Fences: From Debt to Wealth in 7 Steps is not a step-by-step instruction manual on how to trade stocks. He does not give you intimate details of each trade, or provide many examples of winning trades. For that, you need to sign up for his service, watch his videos carefully, and invest the time to truly learn it all, because there are an endless number of things to learn.
    
Instead of a step-by-step guide, Jason has written the perfect book for someone who wants to get into trading but is not sure if it is right for them. He covers a lot of ground, but probably the most important content for me was information on how to determine if you personally have the intestinal fortitude to trade. The emotional element of trading is what usually destroys rookie traders, causing them to react to their emotions of fear and greed and not to the technical information that is right there in front of them. And when you start trying to trade (on paper first please), the element of greed is something that has to be understood and mitigated:
    
After watching Jason’s training videos – most of them twice – I equipped myself with the tools needed to spot a winning trade set-up, learned how to read charts, dissect financial information about companies, and thought I was ready to start trading…again only on paper. But what happened is this: I would establish a daily profit goal, with the intention of stopping trading once I hit that benchmark. Say I’d be looking for $500 profit in a day. Using his strategies, that number was very easy for me to hit. In my world, and if I were trading for real, $500 a day would be huge. But I often hit that mark one hour into the day’s trading session, and would continue to watch the markets fluctuate. In that time, greed would take over, and I’d get back into what would usually be losing trades, wipe out the day’s profit and often erase some of the profits I made previously. I had let greed win, and was not following Jason’s strategy exactly. How stupid does one have to be to ignore someone who turned his kind of debt into a portfolio worth over $7 million? This guy has made over sixty grand in the first few trading days of 2018! He knows his stuff, but I had not mastered the fine art of reining in my emotions. I had not gained the “winner’s mindset” Jason writes about in his book.

Now, I am happy to report that the greed gremlin is behind me. I have had 10 profitable days of paper trading out of the last 11 days, and the one losing day was due to a massive Internet connectivity issue when I was offline and didn’t notice a big trade I made had dumped over $1.00 a share. I would have gotten out with a small loss had I seen the dump happening.
    
This is the kind of thing that makes Swing for the Fences: From Debt to Wealth in 7 Steps such a valuable book if you want to learn how to trade stocks. There are probably a million stock pickers on the web, but Jason will teach you how to build the right foundation to give yourself a competitive advantage against the other traders in the game. He relates trading to sports in the book, writing that in baseball, you need to be “Swinging for the Fences” every time you step up to the plate…anything less will not do. He explains in clear detail how to evaluate your own personal traits, and through easy-to-read chapters, the book lines out every aspect of how a trader needs to think in order to consistently win.
    
So if you have ever wanted to invest some money and trade stocks but were not sure if it is right for you, drop the $24.99 ($15.99 paperback, $9.99 Kindle) and read every word of Jason’s book. You might come away knowing swing trading like he does (buy and hold 1-4 days) is not for you, avoiding huge financial losses if you get in and do it all wrong.
    
Or, like me, you will find out that there is a way to “go all in” and learn this stuff from the bottom up, and develop the skills through extensive paper trading to fund your account and trade for real. Jason’s members are making a LOT of money every day, not just mirroring his picks but using his strategies to pick their own. I am running about 50/50 his picks and mine, and I assure you when you apply his strategies, good things happen.
    
And now I return you back to aviation and airplanes, my usual fare on here. And speaking of airplanes, I am seeing one in my future. I should be ready to trade for real in 2018, and if I have the kind of success that is possible by learning what Jason Bond teaches and applying it to smart trades every day, the possibilities for me filling a future hangar are endless.
    
Hmm, I wonder what owning a Cirrus SR-22T would be like. Oh wait, I already know…
    
It would be awesome.

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