Learn To Trade Stocks and Options

How Does Compounding Interest Work? (practical explanation)

The best method to give yourself wealth and financial freedom is to take advantage of the mathematical concept of compounding interest. This is a topic we all learn about in school, but the problem is, it’s done so in a very math oriented way. I understand, not everyone loves numbers and math, so I wanted to explain compounding interest in a much more practical way. I’ll be the first to admit, that within the USA schooling system, much of what we learn is not really useful in normal life. When it comes to compounding interest though, this is a tool that is completely practical for anyone interested in building wealth for themselves. The key is not to look at the strategy as a mathematical formula (which I confess, is pretty confusing looking!), but rather as something we can all relate to, shapes! Let me explain how compounding interest works with a practical explanation that will show you why and how it is such a powerful tool to build wealth and gain your financial freedom!

Day Trading Tax Trap: Beginners Beware!

If you want to be a day trader, then you’ll want to definitely understand how the tax system works within the online trading world. I’ve been working with beginner traders since 2013 and there is one tax trap lurking in the markets that I’ve continually see snare unsuspecting beginners. As someone who is just getting started within the stock market (or any financial market for that matter), you could be doing quite well within your wealth generation to then be set back due to this trap. I wish I was being overly dramatic here, but I’m not. This tax trap could have some relatively large negative financial impacts on your cash flow, slowing down your overall wealth building strategies. The good news is, once you are aware of some basic trading principles in regards to “profits” and “loses”, you’ll know exactly how the trap works but, more importantly, how to avoid the trap. As traders we need to always be focused on mitigating risk and factoring all forms of risk into our trade plan. This behavior needs to also extend out into the general management of your day trading business. Remember, day trading should not be treated as a hobby! This tax trap is an exact reason why! I hear it way too often, “I was just doing all this for some fun and did well, but now I’m in a mess!”.  Let’s get knowledgeable on some basics of trading so you can avoid a much larger potential mess in the future with your trading results!

Should You Buy and Hold a Stock? Do This First...

Before you buy a stock, there are several steps you must take in order to ensure you are following a well thought out investing plan. The first step you need to take is to decide the length of time you should be holding the stock for. Whether you are a beginner day trader, swing trader or investor, the one common dynamic all of these strategies have in common is the requirement of not wanting surprises. If you are in the stock market to be serious and creating a consistent stream of cash flow for yourself, then you need to treat this as a business. Part of being a business owner is avoiding surprises as much as possible. You can have the most well thought out plan for an investment or trade only to then have it all destroyed due to a surprise. Unfortunately, some surprises are unavoidable as there is nothing you can do about them. The good news here is that these are very rare and most wounds caused by surprises can be avoided. How can you avoid surprises that can turn out to be disastrous? That’s what I’ll be showing you in this video. When you have the right tools, this step you should do first will only take a few moments of effort. The added effort requirement is a great return on investment when you compare it with the potential risk of “not good surprise”. Whether you are a beginner or not, when it comes to “should you buy and hold a stock?”, you without doubt need to do this step first....

Want to Find Success as a Day Trader? DO NOT Do This...

If you’re a beginner to the markets as a day trader, I’m assuming you want to find success! I’ve been working with and teaching traders since 2013 and through the many years of observation (and common sense), there is one choice you can make that will guarantee you never find true success. Unfortunately, because the way our human brains are wired, it is very easy and common for beginner day traders to make this choice. When you throw in the echo chamber of social media and the internet itself, the ease at which this choice can be made increases that much more. A huge part of trading success is mastering your emotions and mind, so the sooner you realize this, the sooner you’ll be able to put yourself in the driver’s seat to finding success as a day trader. As humans, our ego is one of our most prized possessions as it makes us feel good about ourselves, but when we step into the world of trying to learn how to day trade online successfully, it can become a massive hassle. Placing the ego aside gives you the chance to grow and learn, so let’s talk about this pivotal choice that is going to drastically improve (or hinder) your odds of finding success!

What is “Dollar Cost Averaging”? (Investing 101)

An important investing 101 concept that all investors should know about is dollar cost averaging, or otherwise known as “DCA”. Dollar cost averaging is a strategy that has been around for as long as investing has been around. The good news is, there is nothing complicated about the strategy. In all actuality, you might already be doing the investing strategy without even realizing it. That is how easy the strategy is! How does dollar cost averaging work? What is the math behind it? That’s what I’ll discuss in this video along with a very simple way to understand the math by asking yourself two very easy questions. There is nothing fancy or complicated in this video, but these are the best ones! When you can keep your investing strategy as easy and straight-forward as possible, you know you’re doing it right! If you are currently not doing this investing strategy, I hope this video opens up some ideas to you that you can consider in your wealth building efforts!

Do You Have a Good Day Trading Strategy? How to Tell...

If you are a beginner day trader, I assume it is obvious when I say that you must have a good day trading strategy if you want to consistently make money. Statements like this are what makes day trading success so difficult. I know the statement “sound good” and “sound obvious”, which are true, but how do you actually know if you have a good ay trading strategy? While I realize many new traders may say, “well, are you making money?”, this is still too simplistic. If you want to know how to tell if you have a good day trading strategy, there are certain details you must pay attention to, and they’re not obvious. I remember when I first got started, I would just assume that if I was making money then that must mean I  knew what I was doing. It meant that I had a good strategy that I could depend on and consistently make money from. The more I’ve learned over the years, the more I’ve learned just how complicated developing a quality day trading strategy can be. I want to share with you a few quick tips that can help you begin to narrow down whether or not you’ve developed a good strategy for yourself. I also want to show you how you can protect yourself from giving up too soon on a strategy. For all you know, you could be right on the edge of a great strategy and then mislead yourself. So, do you have a good day trading strategy? Let me show you how to tell...

Cryptocurrency Investing: The Question That Matters Most

Cryptocurrency investing is quickly catching up to the world of stocks when it comes to investing and being overwhelmed. In the world of the stock market, there are literally thousands of ticker symbols and companies to choose from when determining an investment. In the world of the cryptocurrency market, the creation of new coins is exploding and creating that many more difference choices for coin investments. As a beginner to the cryptocurrency market and investing, you are not alone in feeling overwhelmed and confused on where to start. At the core, investing is a matter of personal opinion and belief (which is what makes it so exciting and interesting); however, there are some logical places to start your research to ensure you are on a smart investing pathway. In this video I want to share with you a simple question that needs to be asked in order to point you in a logical direction when research crypto. The question is very straight-forward and does not require a college degree to ask! As long as you understand some baseline concepts in regards to the crypto market, then the question will make perfect sense and point you in the direction your research needs to head if you want to make money. Let's get to it!

Is The Stock Market Risky? How Risk ACTUALLY Works...

Have you heard that the stock market is risky and should be avoided? First off, yes, the stock market (like any financial market, including real estate) has risks associated with it. With that being said, just because the stock market has inherent risks does not mean it’s a dangerous place. If you are a beginner to the stock market and don’t treat it with the respect it deserves, then yes, it is a very dangerous place due to the risk and should be completely avoided. However, if you are someone who is just getting started in the stock market and want to be respectful of it and learn how the stock market works in a smart way, then you should definitely not be avoiding it! Through my years of being on YouTube (since 2013), there is a common line of logic that is being applied to risk that is incorrect. What makes this logic understandable is, mathematically speaking, it’s true. But this is where we need to take that extra step into learning more about the stock market and how not everything is as it appears. When it comes to risk, we need to look at how the risk we as traders and investors behaves in a practical and “real world” way of investing. When you begin to understand how risk actually works, trading and investing begins to become much more clearer. Clarity is a good thing and that’s what I’m looking to accomplish here when it comes to the stock market and how risk actually works.

Wealth and Money: This Google Search Can Change Your Life (not clickbait)...

Building wealth and having money to accomplish your goals, whatever they may be, does not need to be rocket science. In fact, one of the best methods to build wealth is, well... have as much money as possible at the end of each month. I hope that sounds obvious to you; however, if you were to take a look at the personal finance statistics that exist, you will quickly see this is unfortunately not the case. I want to share with you a Google search that can quite literally change your life. While I realize this may sound like clickbait, it's not. If you run this Google search and implement the results it gives you, I promise that you will be setting yourself up for the optimal situation to build wealth over the long haul. Often times people make it sound like building wealth and growing money is a vastly complicated endeavor, but that's not true! Sometimes all it takes is some basic strategic planning with an end goal in mind. This Google search will help you get started in your wealth building plans and ensure you establish an extremely solid starting point!

Capitalism and Worker Exploitation

The ideas of "capitalism" and "worker exploitation" have become more and more popular as of late, so given these are economic topics, I wanted to weigh in and give my thoughts. I know these can be very hotly debated topics and I totally understand how and why people get so emotionally charged over them. I will try to do my best to simply throw out a few thinking points. I also admit that a typical response on my part is pretty weak given some of the circumstances that could be involved around the situation. So, I hope we can all be fair and intellectually honest that there is plenty of room to find some middle ground within this debate. The term I created to focus on this topic that I needed to think more about is "the illusion of choice". What is this illusion? How does it factor into the equation of capitalism and worker exploitation, that's what you'll find here. Please watch this video with an open mind and be willing to ideally find some middle ground!