This email list has over 32,000 people on it now and over 10,000 people downloaded the psychology course and watched the videos I gave you last week.

I've received countless emails from people asking about the Power Investor Service and Stock Market Mastery Course. They want to know when they can get in, how much it will cost, and even if they can just get in now. I even got an email from a name you might recognize. I didn't really have time to answer all of the emails so I figured I would just try to answer all of the most common questions today.

But first I want to tell you about a friend of mine.

Last week a friend of mine called me on the phone excited about a stock he bought a few weeks ago that had doubled in value. It was the first stock he had ever bought. He was happy.

His call made me worry about him. I didn't like it.

You see I know that this is going to have a bad ending. He is going to end up losing money. It doesn't matter if the stock market going forward keeps going up. He will find a way to lose on this stock. I just know it. And there is nothing I can tell him. He won't listen so it isn't even worth the trouble.

The problem is when it comes to friends of mine that I know personally only a few of them have made money in the stock market. I've even had a few people come by my office over the years to talk about stocks.

I usually give them a couple of books and access to some real solid information that I know if they just take the time to read it and apply it will make them money. If they then come back I can help them.

Most of them don't and the same thing always happens to them. They then get excited when some stock they bought goes up thinking this is an easy game and then eventually they lose. And then they just give up.

But then a few people I know do come by and look at the books, talk to me, and learn. Those people have been the ones that are successful in the market. Some of them I talk with all of the time and now they even give me ideas.

I've come to the conclusion that passive investors who just buy and hope with no strategy end up losing money no matter what the stock market does. You can have a wonderful bull market but they do something to mess themselves up or end up losing it all when a bear market eventually hits.

To be a successful investor all you need to do is believe in yourself and learn. You have to be willing to learn and apply what you learn. But most people either are too lazy to do that or else just don't believe in themselves. I know that friend of mine who just bought his first stock won't ever take the time to learn even though there is so much opportunity in the stock market. It will go right by him. I just know how he is.

The irony for me is my door is open to all of my personal friends. And yet despite that the people I have been able to help the most when it comes to investing are not people I know that live nearby, but people like you - people on the internet who are willing to apply themselves and take action. They join the site and get my stuff and get to know me too.

That's why I made this video for you. I want to encourage you to take action and I figured the best way to do so would be to talk directly with you about the stock market and life.

If you have trouble watching the video you can also watch it at google video by going here.

As you know on Wednesday at 12:00 PM EST I will make available 500 new membership spots to the WSW Power Investor. I don't want to put any pressure on you, but you need to know that the last two times I opened up the service it sold out in just a few hours and I have no way to know how long it will remain open this time. It could take a few days to sell out or just an hour.

Some people have emailed me wondering why I keep the website so limited and exclusive. First of of all I post my real trades on the website. I just don't give out stock picks, but tell people exactly when I buy some and when I sell and I don't want that type of information going out to a million people.

Secondly, I consider Power Investor a training program for new people that takes a lot of work on my part, because it requires me to answer lots of email questions from new members. In the past so many people were signing up that I decided I really could no longer handle it, because I no longer had the time to constantly answer emails from new people. So I decided to just accept new people once or twice a year so the influx of new people would happen in a narrow window of time instead of all of the time. I also wanted to make my service more valuable to current subscribers and by keeping it limited to a small number of people this does that for them.

Finally when you join you will find there is a whole community of traders on the website who help each other. It isn't just me talking. That might not excite you now, but once you see it and experience it for a few months you'll come to see how valuable it is to be able to talk with like minded people. Just the other month over fifty of us met in the Bahamas. I am afraid if people were signing up nonstop in droves it would mess up the community we have on the site so I try to control the growth of the number of premium memberships.

I really believe this service is for you. Once you get it six months from now yo will look back at your new growth and success as an investor and trader and able to share the benefits with your own friends and family not only in money but in knowledge and wits. When you sign up and join you won't only be getting the Stock Market Mastery Course, but a true window into the trends of the market. As you've seen from the past year this has been more critical than ever to protect what you have, but going forward it will be just as important, because in order to make real money we are going to have look beyond the regular market averages and mutual funds and into top performing sectors.

After this sells out I am not going to open up this service again until sometime in October so I really want you to be ready to take advantage of it now. I want you to promise to yourself that you will be ready to take action on Wednesday. -Mike