Episódios
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A student of my training program recently reached out to me and I wanted to share a few of the points that reveled themselves. When you’re new and you don’t know what you don’t know, you can quickly become mislead and develop faulty understandings of trading. The tricky part is, the misleading is nothing malicious or spiteful, it’s simply one person trying to help another. Unfortunately, the very kind act of trying to help is doing the exact opposite. I want to talk about a few topics that I’ve seen crop up time and time again. It’s nothing new, but it’s also something that I don’ believe can be repeated too often. There’s a constant flow of new people coming into the market and the sooner these beginners can be given a firm foundation, the sooner these hurdles can be overcome. Let’s get to it!
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One of the most important tools in your day trading toolbelt is this calendar. A crucial part to any day trader’s success is having a plan. A crucial part to any plan is not getting caught off guard and being aware of as many variables as possible. This calendar will help you in identifying and building trade plans that make the most sense. I recently had a potential train wreck due to my, unacceptable, forgetfulness to use this tool. This tool is 100% free and day trader’s have zero excuse on why they can’t implement it within their strategies and plans. There are a few certain dynamics to consider that go beyond the surface level dynamics, both of which I’ll talk about. Let’s get to it!
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There is a small amount of click-bait in my title. Technically speaking, I did “do something” in the form of making a decision; however, besides that, I literally did nothing and made over $30,000. What am I talking about? Let’s talk real estate a bit. I realize this is more of a trading and investing podcast, but I like to talk money whenever possible. Also, many people will encounter the world of real estate and some point in time and be able to use the exact same strategy I recently did. I really want to reiterate, I literally did nothing except for make a conscious choice. Let me walk you through a recent real estate transaction I was part of and the SUPER EASY strategy I used to make myself a nice chunk of change!
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I recently read an article from CNBC containing a quote which I believer perfectly summarizes people’s disconnect of what inflation is and how it works. My goal with this podcast has always been to inspire and educate people in regards to more than just trading and investing. While I could argue that understanding inflation can certainly assist in your trading and investing, even if this were not true, from an educated citizen standpoint, it’s still worthwhile! This will be a brief episode but one that hopefully can help you help others if you come across someone not quite “getting it” when it comes to this stuff. Inflation is coming down, but… there’s a but…
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If you have spent any amount of time on social media, YouTube or online message boards, then I’m at a 97.8% confidence level you’ve heard “stock manipulation” used as the reasoning for some kind of event. Usually this event involves the person making the claim having lost money or not making as much money as they could have. The reasoning comes in various forms, but the most often used culprits are those evil hedge funds. The (true) problem with stock manipulation accusations is it doesn’t solve the actual issue the particular trader is facing. What do I mean? Well let’s take a look at a stock that have entered into the news and are now causing the alarm bells of stock manipulation to ring out!
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Can you imagine walking through literal mountains in the pitch dark at the age of 11? That’s what our guest, Hussam (goes by “Sam”), endured as his family left Iraq back in the 1990’s! Sam had to start at ground zero and build from there. Learn the language and culture and then become self sustainable. Sam has done exactly that and demonstrated an immense level of ambition and drive. With that being said, this is where Sam is now struggling as a trader. One of the cruel jokes the market plays on us is having the requirement that you need to be ambitious; however, at the same exact time, you can’t be too ambitious of you’ll have lots of issues. Sam held nothing back and walked us through his struggles and the issues that have been plaguing him. Thanks to his transparency, it opens the doors to many learning lessons for those of you who are beginners and offers up a reminder for all of us traders at all levels. Let’s get to it!
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A beginner trader reached out to me and the conversation ended with him accusing me of being “mean” and “aggressive”. I want to walk through this conversation as it allows for us to see the inner working of the human mind. Why does this matter? Well, as traders, the human mind matters a whole lot! You can have great knowledge, but if your mind is playing games with you and your emotions are out of control, that knowledge goes down the toilet in a hurry. Part of being a good trader is learning. Part of learning is having the skill to learn. What does this skill look like? This is the talking point I want to focus on: the skill of learning. Let’s walk through this conversation and see the pitfall of this beginner trader’s learning skill (or in this case, lack thereof).
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So you want to be smart about your trading and investing approach? Good! The best way to find success is to find expectations that are reasonable. One of the biggest problems I see within people’s trading journey’s are expectations that belong on an entirely different planet. To be fair to these people, when you’re new and don’t know what you don’t know, this includes how to properly build expectations. On the positive side, none of this is difficult to do. It’ll only require you being self ware and honest about yourself and situation. Once you get a few basic questions answers, the resulting expectations will naturally be revealed. Let’s talk about it!
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Given my unique position of having a sizable following on YouTube and social media, I am a prime target for certain side hustles. Because I am a target, I believe I can offer a valuable point of view towards those who are doing these side hustles. It takes money to make money, so anything that is geared towards creating streams of income, I feel it is worthwhile to weigh in on. If you are someone looking to make some extra money, please avoid doing what I am going to show you here in this episode. It’s very basic, but I’ve had it happen to me over and over again and all but ensures you’ll have very little success in your efforts. Let’s get to it!
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I try my best to avoid this subject. The problem is, the argument is totally true and my conflict of interest does not make it any less true. If you are a beginner day trader and just getting started, I hope this case study can open your mind to at least considering a more than common and valid logic you are using. For those of you who continue to struggle in your trading, I hope this case study will, again, get you to open your mind to considering a different approach. Let’s talk about how you will be paying either way you go. This all boils down to “how much” will you pay? Let’s dig in a bit deeper and consider both the pros and cons.
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Someone accused me of being shady by only doing analysis of “obvious” charts. This interesting comment got me thinking a bit and, well… here we are! I’ve been told to ignore the negative people who leave comments; however, in this person’s case, they offer up an important distinction that needs to be made within the world of trading. In particular, what kind of trading approach are you going to take? I personally feel better with one over the other (as I believe it contains less risk), but that’s not to say I am absolutely right. Good thing we’re all allowed to have our own thoughts and opinions! Whichever you feel is best for you is all that matters, but let’s make sure we all understand the two kinds of trading approaches!
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Have you heard of the logical mistake people get tripped up known as the sunk cost fallacy? Odds are, you allow this thinking error to influence your life more than you think. The games our mind can play with us are abundant to begin with in the world of trading and investing. Sprinkle on the day to day mind games such as the sunk cost fallacy and I don’t blame you if smoke begins to pour out of your ears! It’s annoying no doubt, but the biggest problem I would argue is the lack of knowledge of its existence. Once you are aware of these thinking errors, you can be much better prepared to handle them. In my hears of coaching traders I’ve lost count of the number of times I’ve seen the sunk cost fallacy create unneeded issues for people. Let’s talk a bit more in-depth about it so you are aware and prepared to fight off this logical fallacy when it comes knocking on your door.
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My goal is to keep the world of money, trading and investing as clear as possible. With clarity comes a sense of actual reality. Actual reality brings with it the ability to make the best choice for your personal goals and circumstances. I had an interaction with a person who offered up some criticisms about day trading that are totally valid. I think he took these criticisms a bit too far and baked in some faulty assumptions; however, setting that aside, this person in correct. His criticisms leads to a conclusion to: don’t trade. I disagree. Let’s dig a bit deeper and explore this criticism with a fair and honest approach.
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In this episode, I dive into the realm of options trading, particularly focusing on individuals beginning their investment journey with a small trading account. This episode is designed to begin to lessen the concept of options trading, proving that it's not as complicated as it might seem and demonstrating how it can be a powerful tool for generating impressive returns in a short amount of time, even with limited capital. Through a real-life example shared from our trading community, I explore how a modest investment in options can yield a substantial percentage return, emphasizing the importance of risk management and capital efficiency. This reference point is perfect for beginners looking for a straightforward entry into options trading, offering insights into leveraging small accounts for significant gains.
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I believe it’s safe to say this person does not like day trading… at all! In a recent YouTube comment someone brought a flame thrower and, in their opinion, torched day trading as a money making income stream. He made several claims that I want to address as it kills a few birds with one stone. Discussing these claims helps not only dispel them as very weak, but also helps build a better context for aligning reality and expectations. I’d hate to see someone avoid day trading because of these kinds of thoughts; however, there are minor pieces of truth to them, so I want to be sure that beginners have a firm grounding in reality. This person was quite harsh, so let’s consider their critiques and think through them together!
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While we all have different risk tolerances and personalities as traders, at the core, we’re all still human. Meaning, there are some general scenarios that happen to us all whether or not it seems like it. Given the nature of social media and YouTube, some situations can seem to never happen to people, but I assure you… they do! The dangerous part of this particular situation I discuss is the impact from the mental standpoint it can pile on you. During the piling on process it can tend to open up another whole can of worms. The solution to all of this is a simple one: be aware! When you are aware you can realize what is going on in your brain and deal with it in logical ways, not emotional. Let’s talk about a very important topic for all of us as traders!
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There is a recent controversial proposal to increase the federal minimum wage to $50 per hour. Let’s consider some economic principles, supply and demand dynamics, and real-world scenarios, we assess the potential impacts of such a significant wage hike on affordability, housing, and the broader economy. Join us as we consider factors between labor costs, housing supply, and market rates to understand whether a $50 minimum wage could truly solve affordability crises or inadvertently lead to unintended consequences.
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I’m here to teach! I want everyone to have a firm foundation of even the most basic economic and money principles. With that being said, apparently we need to talk exchange rates. What they are. How they work. Their practical implications. Tucker Carlson recently did a video and his entire argument was based on a very flawed premise. How flawed? The very thing he was arguing for he at the same exact time was defeating. How is this king of logic and accomplishment even possible? Well, if you don’t understand your premise, you’re going to have issues. If you are someone who is not quite sure what an exchange rate is, let’s talk about it. If you are someone who enjoys some comedic irony, you’ll get a laugh out of this.
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It’s a confusing time. You look at many of the economic indicators and it seems like the USA is on fire (in a good way!); however, there are some apparent contradictions between economic indicators and public perception. With stock market highs, job surges, and dropping inflation, why does Biden face a 20-point deficit against Trump in economic handling? There is some additional data we need to look into to have a better understanding of what the cause of this confusing disconnect is arising from. Let’s talk some current events while also learning a bit more about economics so you can become the most informed voter possible!
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As the political season really heats up we’re starting to see more and more talking points from the various candidates. While I’m not here to rant and rave in favor of one candidate or another, whenever I see economic talking points, I want to be sure everyone has a baseline understanding. In doing so, you’ll be in the best spot available to make an educated choice. Maybe you choose to go about it differently than I do, and that’s fine with me. If we’re both operating from a place of understanding but we simply disagree, then no problem there! With that being said, my goal is not to persuade you in one direction or another, all I want to do is explain trade tariffs and the considerations we all need to weigh in both directions. Are they good or bad? Let’s discuss it and do some clarifying!
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