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!

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!

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!

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…

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!

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!

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).

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!

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!

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.