The Formula for Success by Samuel Leach

Author:Samuel Leach
Language: eng
Format: epub, pdf
ISBN: 9780857088215
Publisher: Wiley
Published: 2019-07-15T00:00:00+00:00

Who is Samuel Leach?

The other result from me getting involved in the focus group and beginning to hang around with other traders, was that I began to get recognised. I was young, people saw that my trades were successful, and I was happy to volunteer at trader training events as an advisor and helper.

The more people spoke to me, and word got around that my advice had value, the more people were willing to pay for my knowledge. This gave birth to my first entrepreneurial venture within the stock market where I set up a subscription list (eventually comprising around 40 people) who would pay me £30 per month to get the lowdown on my stock watchlist. Alongside the returns on my own meagre trading account, I was soon earning between £1500 and £2000 per month – while I was studying. Mum and Dad got their investment back, and things were looking up.

I soon realised that trading could become a life-changing opportunity. My trading account eventually grew to £2000 and was earning an average of 10%, giving me £200 per month. But I knew, from that day on, that I would one day have a trading account of £200 000 and, at 10%, that £20 000 per month would be a goal worth fighting to win.

Alongside this personal realisation that I could control my destiny, financially and practically, I also saw that I could help others to make their dreams come true and understand their potential. This started with my family and the ways that I could support them but, as time has moved on, it has extended to anyone else who has honest ambition and is prepared to work hard towards their goals.

In my business today, a large part of what we do is teach others how to trade successfully. Yes, I write about my success, post videos about the fruits of my labour (supercars and the like), and I don't hold back from telling people that they can achieve anything they put their heart to – but I am so careful not to sell fake news. You will never see me, or anyone associated with Samuel & Co, promoting lifestyle-selling seminars or pie-in-the-sky pipe dreams. We teach people properly; and we are even prepared to let the right people trade on our trade floor and be around like-minded people.

As my own understanding of the markets developed, and I observed the way that the trading community operated (the good and the bad), I decided that I would do things the right way – I decided I wanted to help.

The key to teaching people to trade is support and mentorship. And, as I said at the beginning of this chapter, to make your word and your promise the bond by which you stand or you fall. You can still be ruthless and take make-or-break decisions, but you must operate within the bounds of what is legally and morally right. If there is one big lesson that I want you to take from

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