Become a Successful Trader

December 18, 2010

Futures Trading, For a Living

EminiMind.com — sharing how I trade futures for a living.

The trader’s mindset can be applied to all aspects of life helping to achieve a successful and fulfilling life. From this blog I hope to be able to learn share and grow with all of you in order to continue to improve as a trader.

The Goal of EminMind.com

…to help aid you in creating a financially sound future.

…to provide high quality, practical experiences on the subject of trading futures for a living.

…to build a community where professional and aspiring traders can learn and grow together.

…to help traders develop their own unique methods that fit their personality.

…to help you achieve your personal goals, albeit in trading or in life.

The American Tourist and the Mexican Fisherman

An American tourist was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked.

Inside the small boat were several large yellowfin tuna. The tourist complimented the Mexican on the quality of his fish and asked how long it took to catch them.

The Mexican replied, “Only a little while.”

The tourist then asked, “Why didn’t you stay out longer and catch more fish?”

The Mexican said, “With this I have more than enough to support my family’s needs.”

The tourist then asked, “But what do you do with the rest of your time?”

The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos, I have a full and busy life.”

The tourist scoffed, ” I can help you. You should spend more time fishing; and with the proceeds, buy a bigger boat: With the proceeds from the bigger boat you could buy several boats. Eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor; eventually opening your own cannery. You would control the product, processing and distribution. You could leave this small coastal fishing village and move to Mexico City, then Los Angeles and eventually New York where you could run your ever-expanding enterprise.”

The Mexican fisherman asked, “But, how long will this all take?”

The tourist replied, “15 to 20 years.”

“But what then?” asked the Mexican.

The tourist laughed and said, “That’s the best part. When the time is right you would sell your company stock to the public and become very rich, you would make millions.”

“Millions?…Then what?”

The American said, “Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”

EminiMind is about more than just trading futures for a living,

It’s about applying the trading mindset to achieve a successful and fulfilling life. If you think you’ll enjoy reading more about futures trading for a living please subscribe to stay updated.

Thank You!

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Trading for Life
About Tim Racette
Tim Racette is a day trader of 15+ years in the E-mini futures and swing trader of stocks. Mountain biker, lover of the outdoors, and explorer. Tim is an ASU Sun Devil and a Chicagoland Native now living in sunny Scottsdale, AZ.
  1. just got your ebook I know that it will help me in my trading God willing THANK YOU
    Tim great job

  2. Tim what a great example of getting in the correct mindset. I wish to ask you a question which email address is best to use for you.


  3. You blog is great! I can tell a lot of work went into it, and it is very much appreciated. Thanks a million! your a great mentor.

  4. Tim I met you at Starbucks a month ago with my buddy Dean, thank you very much for your time! I will be purchasing EminiMind VIP Membership + Trading Room. I have had much better success trading futures vs day trading options.

    Look forward to putting in the work and being consistent trader.

  5. Great story.Both my wife and I had to chuckle.

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