The Stock Trading Reality Podcast

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.

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.

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!

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!

For the beginner and person just getting started in the world of trading, this is a critical question and usually one of the first considerations. I recently had someone ask me about this topic but in more of a unique way. In doing so, they opened up the door for a different approach on the topic that should make things crystal clear. The vast majority of beginners go through the platform and broker process the wrong way. I don’t blame them. When you’re new and don’t know what you don’t know, part of that is not understanding the proper approach. Let me walk you through how to ask this question regarding platform and broker in the most complete way possible.

I realize saying something is “next level thinking’ reeks of exaggeration and being overly dramatic, but in this case, it’s not. There was a recent event that took place in the markets that illustrates how we as traders and investors need to be thinking in “next level” ways. To be fair to all those who fall into the trap (including me when I first got started), you aren’t stupid. In fact, you are thinking in a rationale and logical way. The problem is though, within the world of trading and investing the logical way to think is oftentimes the worst way to think. What do I mean? Let me explain not “in theory” but rather using a real life event that just happened serving as an excellent case study.

All drama aside, what I talk about in this episode is a “must understand” concept for all of us as traders and investors. As you’ll hear about, I came across someone within my YouTube comment section that did not understand this concept and it had them in a very risky personal finance situation. I’ve heard many horror stories over the years due to a lack of understanding, and my goal is to ensure you don’t put yourself in harms way. The good news is, it’s not a totally complicated idea to understand; however, I can totally relate to people getting disoriented by it. Especially if you are a beginner trader or investor, invest a few moments of your time with this episode to ensure you don’t throw yourself into a financial pit!

Scams are a very real thing. I’ve lost count of the number of people who have reached out to me about an “issue” to, unfortunately, realize they’d been scammed. I want to teach you one very simple fact that is all you need to know to avoid being scammed in the world of trading and investing. Is it a basic principle? Yes. Is it one that people need to be told? Based on my personal interactions, yes! This episode will be very quick and to the point. Let’s get to it and ensure you do not fall for any kind of trading or investing scams that are very common place!

As we start a new year, I want to walk you through what I would argue should be the number one goal for all of us as traders. This is a goal that anyone can accomplish. There is truly no excuse on why you can’t put this goal in motion and immediately start to reap the benefits of it. It’s a new year so let’s focus on goals that will have practical affects on our trading outcomes! Let’s go!

A whole lot of whether or not you will find success as a trader depends on your attitudes and perspective before you begin. If you approach the world of trading from the wrong angle, you are not guaranteed to fail; however, you are putting yourself at a distinct disadvantage. We all value our time and in order to maximize your time efficiency as a trader, you want to enter a situation with the realistic mindset. I had an interaction with someone recently and it really made it glaringly obvious that their mind was in the wrong place. Again, I don’t want to overexaggerate and be dramatic. Minds in the wrong place don’t mean you will for sure fail, but minds in the wrong place need to be corrected… so here we are! Let’s make sure you are not in this place within your trading which sets you up for false expectations and causes you to look in the wrong places.