Learn To Trade Stocks and Options

2 Myths About Rich People

Once again, there are some myths being thrown out there by the media regarding rich people. I’m in full agreement the rich need no one to defend them; however, in all actuality, I’m not defending them, just explaining some  basics of reality and how the financial world actually operates. The second myth directly affects all of us in the world of online trading and investing. These are the topics that create outrage and drama, which of course is exactly what the mainstream media wants and loves for their ratings. The truth is, some very basic realties are being twisted and turned into a falsehood. Let’s  break down each of these myths and why they’re so silly at the most basic of levels.

This Day Trading Platform Feature is Awesome!

The simple things in life are the best. In the world of online day trading, the simple things can oftentimes be the most powerful. I’m sure you realize this, but just for context’s sake, we as day traders need to be able to think quick and execute our day trading strategies as efficiently/quickly as possible. Any types of tools or platform features allowing us to do so should certainly, at minimum, be considered and experimented with. In this video I want to share with you an awesome day trading platform feature that is only one click of your mouse (or tap of your finger), yet, it opens up the doors of so much more flexibility. Whether you are a beginner trader and just getting started or someone with experience, this is a platform feature I would highly recommend considering. Let me walk you through how it works and just how fast it allows you to operate as a day trader!

Dear Young People - What Are Memories Worth?

I have nothing against memories. They’re fantastic and certainly contain value. My problem is how people use this fact and take it to overblown proportions. Particularly when it comes to young people. I see it quite a bit when it comes to managing  money and saving to build wealth. People too often hide behind the excuse of, “you never know what tomorrow will bring, so let’s live for today!”. That’s a fair point; however, it’s confirmation bias at its best. Not only is it overvaluing memories, it is discounting the fact that certain actions in and of themselves can create fantastic memories! I want to share my perspective given I am now getting a… “bit”… older at age 39. As I look back on my life and consider my “memories”, I would say they’re not worth as much as some think. On top of this, some of my favorite memories are the ones that, at the time, didn’t feel like would be a memory of any kind! Let’s be smart about the present AND the future!

College Majors to Avoid (if you want to be a day trader)

What do you need most if you want to make money as a day trader? Yes, you need knowledge and skill, but at the core, you can be the most knowledgeable trader ever, but if you don’t have any money (capital), you won’t be trading. Therefore, it’s wise to be asking yourself what kind of college majors will cause you to actually, dare I say, “make money”? There was some interesting new information out from people in the jobs industry where they laid out college majors you should avoid. If you want to talk to me about financial nightmares, at the top of the list would be going into debt for something that doesn’t make you any money. No matter your age, if you are thinking about going to college, be sure you are avoiding the majors listed in this article. Let’s make sure you can earn yourself some money so you can have money to use to trade!

A Reminder on the Dangers of Car Payments… (here comes the blood!)

Car payments have become a very strange thing within the world of money and financial planning. The past couple of years have really twisted car payments in some very deceiving ways. There was just some new data released about car payments that is is flashing warning signals that people needed to be reminded just how dangerous car payments, actually, are. I understand things have been goofy over the past couple of years, but the data suggests that “normal times are returning” which is not a good dynamic for people making crazy decisions in regards to their car payments. If you are in the market for a vehicle, then there is blood coming and in my opinion, you will be seeing some great deals right around the corner. If you can be a bit more patient, you should be seeing some opportunities to score a great deal! Let’s go over this insane data and use it to better position ourselves to grow our overall wealth efforts.

YouTube Comment Danger (Beginner Traders)

As a beginner trader, please realize there can be a whole lot of danger in the YouTube comment section. I understand that in this day and age of technology and being connected to people all over the world it seems logical to ask a question in general, but as you’ll see in this video, it can be risky. While I can not be overly dramatic and say this will lead you to losing all your money (although to be fair, it could!), but the more accurate/probable danger is you wasting time and creating unneeded headaches for yourself. The ironic part with all of this is the people trying to help are being good people and assisting out of the goodness of their heart. The problem is, the market does not care about someone’s intentions. Facts are facts and when you are a beginner and don’t know the facts,  you can be mislead. As you get started in your journey, please realize how dangerous and potentially stress inducing the YouTube comment section can be. 

I Think THIS is What Makes Day Trading so Hard

Let me first build the context: day trading is very hard! I don’t care what others tell you or try to create the illusion of, being a day trader and making consistent money online is a very difficult task. I don’t want to lecture you “in theory”, I’d much rather be able to give you examples that are taken from the real world of trading, so that’s what I do! I was able to capture, live, some of my personal day trading stock results and it opened up a classic example of something that I believe makes day trading so hard! While we are all different creatures of personal risk tolerance, I can not say for certain that what you’ll see will be a huge challenge for you; however, I’m very confident for 90% of you, it is/will be a challenge! The best ways to overcome huge hurdles, such as succeeding in day trading, is to acknowledge the fact we are dealing with a huge hurdle. When we deal in the world of reality, and not fantasy, we are putting ourselves in a much better chance to actually succeed. Let me show you something you’ll need to be prepared for!

Stock Influencers: “We’re Robbing F**king Idiots of Their Money”

If you choose to take the lazy path and blindly follow other people, you’re setting yourself up for a dangerous spot. I don’t care what other people are telling you. If their advice and alerts are “free of charge”, YOU are the product. YOU are the one who they are using to create liquidity and dump all over. Very recently the SEC charged a group of social media influencers for doing this exact thing. I understand at times it can seem like a bit of a tinfoil hat theory; however, I’ve been around for a long time and seen these situations over and over again. If you want to find success as a day trader or investor, YOU must put in the hard work and find a strategy that best fits your personal risk tolerance and needs. If you believe that all it takes to ‘get rich’ is to follow some random person on social media, you’re going to have some very tough lessons coming your way. Let’s breakdown the most recent SEC investigation and how the social media influencers used their followers and sheep to fleece.

Be A High Maintenance Trader! (Day Trading Case Study)

One of the key requirements for finding success within the world of day trading is this: be high maintenance! I understand. In many areas of life this is essentially an insult; however, in the world of online day trading, it is a “must do”. What does being high maintenance as a day trader look like? This is exactly what I want to show you in the video. No worries. I will not be operating under the idea of a “theory”. I will be using some of my personal stock trading results that I captured, live, on video to illustrate what I mean. We need many skills and attributes as day trader and being high maintenance is one of the most important!

The Hidden Problem With Demo/Simulator Trading

As a beginner trader who is getting started in the markets, demo trading (”simulator” or “paper”) is a fantastic tool. With that being said, many beginner traders do not realize the hidden problem with using a simulator to practice their trading. It’s a fine line that exists between “being worthwhile” and “being worthless”. In my opinion, it’s all about how you approach the tools that are used for practice trading. If you use the tools under the awareness of what I talk about in this video, they’ll become much more valuable (still not perfect though). For many though, they will never watch this video and are never going to be aware of this hidden problem until it’s too late and they’re suffering heartache and headaches. Let me walk you through this problem by showing you a few examples of just sneaky it is, leading people to clearly not be aware of it at all.