I've had several people comment that my ClayTrader Mail series is unnecessary, a waste of time, and/or getting too old and repetitive. I'd fully disagree with it being a waste of time, but as far as the other two points are concerned, I can understand why they are commenting. Sure, the overarching themes in many of the videos can ultimately be very similar; however, with the email I cover in this video, it does a perfect job of justifying just how important it is to ensure we as traders remain self aware and proactive against the voices in our heads and the emotions we feel as traders.
ClayTrader Mail Playlist - https://claytrader.com/blogs/claytrader-mail/
All Wins are NOT Created Equal - https://claytrader.com/videos/all-wins-are-not-created-equal/
I was pretty happy when this comment was left on my YouTube as it does a fantastic job of summarizing three different areas of the market that must be understood. A failure to not understand any of them can (and will) lead to some large frustrations as you attempt to learn how to trade and be successful at it in the long term. Sometimes the smartest thing to do is to take a step back and consider some overall concepts to make sure you "do" understand things in the proper sense.
A Real Life Case Study on Greed - https://claytrader.com/blog/case-study-on-greed/
When it is Summer time is West Michigan, the local area needs to be taken advantage of. In this instance, Nate and I decided to do a mini vacation in the middle of the week to trek up North and work on our manliness with some outdoor activities. From climbing the massive Sleeping Bear sand dunes to canoeing down the Manistee River, it was a great way to take our minds off the markets and business as a whole.
One of the most basic lessons to be learned in online trading is learning how to buy stocks. If you are a new trader or maybe just looking to buy stocks for long term investing, the process is the same. I take you through a step-by-step walk through using money in my retirement account to buy a stock. When you have finished watching this video you'll have a complete guide that you can refer back to for when you make your first stock purchase online.
Part 1: How to Buy Stocks Online - https://claytrader.com/videos/trading-101-buy-stocks/
Trading success (in the long term) is all about mindsets and perspectives. I'd be misleading if I said that the perspective of using "free education" is a guaranteed way to fail; however, when you add in this additional component as you'll see in the video, THAT is where you are guaranteeing yourself a bloodshed type failure. It is surprising how many people have these mindsets and perspectives when they are first getting started, so yeah, save yourself some massive headaches (and lost money) and change up your viewpoints.
The 90% Failure Rate Explained - https://claytrader.com/videos/90-failure-rate-explained/
A Slow Motion TRAIN WRECK - https://claytrader.com/videos/slow-motion-train-wreck/
One of the beautiful things about working from home and being your own boss is you get to dictate the schedule. In this case, Marvel released their newest movie, Spider-Man: Homecoming, so as is tradition... time for a Friday Fun Day! Nate and I had a friend join us for the movie and lunch where we certainly had some interesting conversations and now have a community goal we need to start collecting for.
Although basic in nature, that's okay... we were all brand new at one point, so this question I got from YouTube is more than valid. When you hear people talking about economies being good or bad, what exactly do they mean? Another way to look at the question, what can cause an economy to be considered healthy or unhealthy? Let's take a look at some basic foundational pieces to an overall economy.
It's amazing how far a little bit of knowledge and context combined with common sense can take you. In this case study, I do use something from the world of penny stock trading; however, the overall concept pertains to any market. When you understand overall bits of context you set yourself up for being able to recognize many of the nooks and crannies of the market. As far as this case study is concerned, common sense proves to be an excellent indicator and identifier of seeing a persons' true motivations and exposing a wolf hiding in sheep's clothing.
The $1 Penny Stock Short Scam - https://claytrader.com/videos/1-penny-stock-short-scam/
A tour of my home office where I work has been a common request over the past few years. Working from home is truly one of the greatest things about being a trader and business owner; so if this tour can help offer some motivation on your end, then I'll consider it a success.
How To Build A Trading Computer
So you're looking to trade but aren't sure what technology to use, or don't want to pay the outrageous prices that "trading computer" companies charge? Well then let me just show you how to build your own trading computer.
Processor: Intel Core i7 i7-7700K - http://amzn.to/2tsWuoB
Motherboard: MSI Z270M MORTAR - http://amzn.to/2ttaTkT
Memory: Ballistix Sport LT 16GB - http://amzn.to/2tti7Fq
SSD: Samsung 960 PRO Series - http://amzn.to/2usGrUC
Optical: ASUS DRW-24F1ST - http://amzn.to/2tyA7yF
Video: NVIDIA Quadro K1200 - http://amzn.to/2tsWKnz
Power: Corsair CX430 - http://amzn.to/2ttbovh
Case: Antec VSK3000E - http://amzn.to/2tyjhzT
OS: Windows 10 - http://amzn.to/2tsWKnz