In this real estate investing deal, I had to "take back" this house from a former tenant who stopped paying and do a bit of fixing up to get it sold again. This is the second part of a previous vlog video where I showed this property immediately after the eviction happened.
What would my plan of attack be if I decided to trade bitcoin? Or for that matter, start to trade any cryptocurrency. I walk you through the exact thoughts I would have and how each question I ask myself would help me lead me to a logical place in regards to helping me execute the goals I have. What tool would I choose to use and why would I choose it? I go over these very critical steps in the process.
There are a few words that when put together in the same sentence start off alarm bells of panic. I have an example of a couple of these words here that, even if completely innocent, give us insight into where the human mind is at and why this is a risky spot to be in. Be aware of your emotions, particularly when your emotions are focused on words and concepts like what you'll see here.
There's nothing more healthy for the mind and body than surrounding yourself with friends and doing something active with your time. In the Fall, that's what Thursday's nights are all about. I sponsor a coed softball team and while we may not all exactly be professionals, we are all having a good time while getting some exercise. Come along with me for a typical Thursday night in the Fall.
The Robinhood Trading App is very popular due to the fact that is does not have any fees or commissions associated with it. Because of this, it causes many people to take the logical path of "I'm new, so I'll fund it with just a small amount and do some learning". Here's the tricky part, just because it is "logical" does not mean it is the correct path to be taking. I explain why in this video.
There are certain mindsets within the world of the stock market that are purely toxic and will lead to nothing other then losing money. Here I take a look at an email I received where the person is apparently in a tight spot, and when this is the case, you just need to take the unattractive path and put the trading ambitions onto the back burner.
Bad days in the world of trading happen. While some "gurus" may try and portray this is not the case, it's a lie. I recently had a bad day last week and wanted to use that as an example to help in answering this question and sharing my thoughts on how to build and maintain mental toughness when it comes to being a trader. I realize "mental toughness" is simply a random/broad statement, but I go into more detail in terms of how to accomplish a mindset for success.
After years and years of research, I am now ready to release a software program that will ease all of your worries. The software acts as a robot that will pay your bills as you need them. All you need to do is tell the robot how much money you need to make, and after that, you can just sit back and watch all your bills be paid. Sound too good to be true? Well....
I think I'm a nice guy; however, yeah... I'm not "that" nice as I explain a relatively common request I get and why I do NOT ever put the request into action.
Free Education Risk: A Case Study - https://claytrader.com/videos/free-education-risk-case-study/
I give this trader a whole ton of credit for sharing this with me, but even more credit for some of the self-realization that occurs. The problem with overconfidence in the markets is that the majority of the time, you don't know you're being overconfident until it's too late. Taking an account from $4,000 to $20,000 is an awesome thing; however, when it is being done without an actual strategy/system, it's only a matter of time before the market takes back what it gave you.