Episodes
Friday May 14, 2021
Capital Gains Tax: Who It Actually Affects...
Friday May 14, 2021
Friday May 14, 2021
The capital gains tax has been showing up in the headlines recently as it is now being put on the table for a potential increase. As of now, it is being marketed as a tax that will only be affecting a certain (supposedly small) population of the United States; however, is that actually the case? Nope! Not at all. A capital gains tax will affect everyone no matter where you are. A capital gains tax will affect you whether or not you invest into the stock market or have any other kinds of investments. While the government's public relation's department put their typical "spin" on things, let's take a closer look at how the real world plays out and how a little bit of critical thinking can go a long way. I should not, this has nothing to do with being right or wrong or politics, but it just illustrates why we as traders (and just people in general!) need to always be doing some critical thinking and not taking what we're told at face value. Let's talk capital gains tax and the consequences of it.
Wednesday May 12, 2021
WHY (and how) Revenge Trading Will Kill Your Profits [Day Trader 101]
Wednesday May 12, 2021
Wednesday May 12, 2021
Revenge trading! It's a nasty habit and trap to fall into and will kill your trading profits! Why and how does this happen? That's what I want to show you. When you are just getting started in the financial markets and experience a loss, it is very easy to want to go and make another trade to recoup the loss. Well, in a very day trader 101 kind of way, do not do that! I realize the emotions in your head will make you believe it is a good idea to keep on trading to make the money back; however, if you understand why and how you are putting yourself as a trader in a dangerous location, it should be easier to avoid. Whether you are a beginner day trader or have some experience but continue to struggle to make consistent money, understanding the finer details of revenge trading (other than simply saying, "it is bad") should help you in stepping away from making more trades when you know you should be done. Let's take a look at how the stock market works from a time perspective and you'll quickly see how revenge trading is totally rigged against you!
Monday May 10, 2021
Monday May 03, 2021
Dogecoin Making Us Money! [Cryptocurrency Trade Update]
Monday May 03, 2021
Monday May 03, 2021
BOOM! My original trade idea on Dogecoin had already allowed crypto traders to lock in some profits on it; however, at the current time, the profits have gotten that much larger! If you want to have long term success in the cryptocurrency market (or stock market or any financial market), you need to have rock solid trade plans before ever making a purchase. That's what I had from Day 1 of this proposed trade idea and you have all been able to witness how this trade has played out for the past couple weeks. In this video, it's time for more updates and Dogecoin continues to move in the upwards direction and provide more profits. As any successful trader will do, we now need to focus on trade management techniques in order to ensure we are trading this to the best of our ability. Let me give you a few trade managements thoughts and ideas that you can use as you continue to enjoy the Dogecoin crypto trade.
Friday Apr 30, 2021
What is Trading Passion? (Hint: It's NOT Popular...)
Friday Apr 30, 2021
Friday Apr 30, 2021
I wanted to touch on a simple, but extremely powerful topic within the world of trading success. I am keeping this short and sweet; however, please do not lead you to believe that it therefore is not as important a concept. This may sound dramatic but I will stand firmly behind this comment: the topic of trading passion is one of (if not the most) important concepts that needs to be realized. In fact, I'd be willing to wager that many of you think you have trading passion, but it's actually the WRONG kind. It's the kind that will ultimately lead you to headaches and failure. I'm aware everyone "thinks" they have trading passion, but the truth of the matter is very few actually do. So what is this required type of passion? Why is it so important? When will it be needed? Let's talk about it!
Friday Apr 23, 2021
The Only Day Trading Skill that [ACTUALLY] Matters...
Friday Apr 23, 2021
Friday Apr 23, 2021
When it comes to day trading, there are many skills that are required if you want to have long term success. But, when you boil all the skills down to the basics, there is only one day trading skill that, actually, matters. Do not take my word for it. I would encourage you to go find any trader you trust and believe to be a professional and ask them if the topic of this video is true. I remember when I was a beginner stock day trader and just getting started. It was very easy to get distracted by many areas of the market that are important; however, won't make any difference in the big picture if this one skill is lacking. I'll be the first to admit that some trading topics are way more exciting to talk about than others, unfortunately, it is the boring skills that matter most. If you want to learn how to day trade stocks online and find overall success in making consistent money, then be sure to definitely focus on this skill and maximizing it to its fullest potential!
Wednesday Apr 21, 2021
The Day Trader Insurance Policy (why you need it!)
Wednesday Apr 21, 2021
Wednesday Apr 21, 2021
If you want to survive and thrive as a day trader, having an insurance policy is place is something you need. This is not the typical insurance policy you would normally think of; however, that does not mean it is any less important or relevant. A huge part of being a successful day trader and making money trading online is your ability to structure a valid trade plan within an overall strategy. The problem is, given the market's very nature of constantly changing and being so dynamic, your thoughts towards a specific trade plan can begin to also change. You need to be confident in your trade plans, this is what creates a valid strategy, but, you also need to understand that when variables within your trade plan begin to change, it's good to have insurance policies in place. Instead of trying to explain this all with words, let me show you what I mean using some of my personal day trading stock results. It'll be way easier this way to show you why you need the day trader insurance policy!
Friday Apr 16, 2021
Start Day Trading: What Equipment is Needed?
Friday Apr 16, 2021
Friday Apr 16, 2021
So you want to start day trading, but you are wondering what equipment is needed? Your mind is in the right spot, I mean it would be pointless to attempt something if you do not have the required equipment! The good news is that when it comes to getting started with day trading, the equipment list is very straight forward. Sure, you can totally go bonkers and spend a whole lot of money on all sorts of "cool things"; however, are those things actually needed when you are a beginner and just getting started? I doubt it. My goal with this video was to keep things short and to the point. I will quickly outline for you the equipment needed so that you can get yourself started learning about day trading in the most logical and smart way possible. When it comes to just getting started, "less is more" and I'll show you exactly what I mean from the equipment perspective.
Wednesday Apr 14, 2021
Investing Idea: My New Investment That is Easy Money!
Wednesday Apr 14, 2021
Wednesday Apr 14, 2021
I have an investing idea for you! I wanted to share with you my new investment that is easy money when you consider the current atmosphere we are in. If you are anything like me, you believe that in order to build wealth and establish financial freedom, you need to invest in multiple assets and diversify. While I absolutely love the stock market and investing into stocks, there are a few downsides to the stock market which my new investment helps to "work around". I am not saying you need to go and do the exact investment I have done; however, I would encourage you to begin to think about various ways into how you can make one of these investments. The great part of the investing world and making money is there are many different pathways and strategies you can use. I want to share with you my strategy and this way you can take and run with it and potentially do something similar, but perhaps with your own twist on it. What is this new investment I've made? Let's get to it!
Monday Apr 12, 2021
Best App to Buy Bitcoin, Ethereum and Ripple? (Avoid PDT Rule!)
Monday Apr 12, 2021
Monday Apr 12, 2021
What is the best app to buy bitcoin, ethereum and ripple? I know there are so many choices out there, so in order to keep things stupid and remove the complexity of it all, I wanted to share with you an app I have much experience with and have no problem recommending. The other great thing about this app is when you combine it with bitcoin and other cryptocurrency, it allows you to avoid the PDT rule! For those of you wanting to diversify into the world of cryptocurrency and hedge yourself against inflation and other potentially harmful economic issues, you'll need a good app. Maybe you just want to be able to trade a whole lot more often without needing to worry about the stupid pattern day trader rule? This app will help in that regard too! Let's take a look!