This is a concept that many people need to hear, particularly those who are new traders. Reflecting back on when I first started to trade, this concept is one I certainly wish someone had brought to my attention and explained. So let’s get to it.
For those of you looking to learn how to trade in the markets, the sooner you realize shady practices exist, the better off you’ll be. I wanted to go over, an unfortunate, real life example of someone who had all kinds of scummy sale’s tactics thrown at them… and they fell for it! Time to […]
There is one reoccurring example in the market that I come across time and time again that truly illustrates the point of people trading with real money when they shouldn’t be. Let’s see where you stand in regards to the test. You’ll need to be totally honest with yourself, but it is a great indicator […]
Time is money. If you find yourself walking around with this person’s mentality towards other people’s time, then I’d highly recommend you do some self-auditing on just how wise (or not wise) you are being when it comes to this topic.
How much money do you need to start trading? Is an amount around the $100 mark going to be enough? Some of the marketing I’ve seen and heard about seems to imply that having $100 is all you need. Let’s look at the truth behind this.
Its no secret, there are many chatroom communities out there available to you. I think chatrooms make a whole lot of sense, even if you never choose to join mine; however, with that being said, there is some common sense that seemingly fails to be applied when people are choosing what room they join… and […]
I receive this question quite a bit, so I wanted to address the issue. As someone who is new to the stock market, should they be starting out with options trading? In all actuality, this is the wrong question to be asking. Let me explain.
One of the most commonly used soundbites in the world of trading is also one that does a fantastic job of illustrating just how deceiving simple statements can be in the world of trading the markets.
When you are in your early stages of learning how to trade and develop a strategy that works for you, there are some thought experiments that must be implemented in order to make sure your plan of action is wise. This is where the trick part comes into play however. By going too far with […]
When you’re new at something, it can be easier to fall for gimmicks that later on truly make no sense when you stop and think about them. The gimmick here is the business model promising to “tell you exactly how/what to trade” so you can “make money while you learn”. How nice is that? Making […]
There are several components that go into understanding risk when it comes to trading. One component that I thought was essentially common sense is apparently not. So let’s talk about it.
If you decide that your approach to the market is going to be to wander around and ask random strangers on the internet (after telling them you are brand new) when you should buy and sell….please realize, you are considered a “sheep” in the eyes of those who would gladly “assist” you… it’s time to […]
I am asked quite a bit “what I teach?” or in other instances, people thinking that I will not be able to help them based off what they see in my live trading videos or another assumptions they’re making. I understand the assumptions, so these people are not being foolish, but it brings about a […]
I realize that the vast majority of people can see right through the faulty statements made in the example I use for this video; however, that brings up the main point I want to make. If people will put up statements as silly and non-sensical as the one you’ll see in the video, just imagine […]
Thanks to some real life data here, I have a great example to show just how the overall destruction of a trading account can start. Things start out small, and the tricky part is, can even provide you initial success; however, if the bad habit is left unchecked long enough… it won’t be pretty. This […]
I received a comment on YouTube which implied that being a trader in the stock market (or any financial market for that matter) is a problem when it comes to morality. While this person was not very specific on ‘why’ they felt this was the case, I’m actually going to take the opposite side of […]
Thanks to a comment I received on a YouTube video, I have decided to tackle a concept that is extremely important for all of us as traders. At the end of the day, the concept is all about how we view the markets and our trading from a mental point of view. Given trading is […]
You’ve heard about the stock market and how great it can be. You’ve heard how you can sit at home in your underwear and make money online trading without ever needing to get dressed? All these things are certainly true; however, the big question I get on a routine basis is how long will it […]
I wanted to do an open “letter” to the government in regards to the pattern day trader rule. More specifically, I want to talk about why I believe the rule should be terminated and how it would benefit all the parties involved. Not only would stock and option traders benefit, but the government would also […]
I need to rant a little bit about the world of trading education. I’m just sick and tired of all these people proclaiming how great they are, how great their products are, how great their systems are… yet… where are all the money back guarantees? I’m very proud to say that my ClayTrader University program […]
I recently got a message from a follower and it motivated me to hopefully create a public video and comment section that can help everyone. I get it, if you are younger, then it can be hard to find a “real job”, but that does not mean you can not “get money” to trade in […]
If you have cruised the financial headlines long enough, it’s only a matter of time before you come across someone suggesting that traders and/or high frequency trading algorithms are harmful. The line of logic states that all traders are doing is taking advantage of others and not contributing any sort of “real value” to the […]
The concept of opportunity cost is in my opinion one of the most important ideas that should be understood in order to maximize life. Maybe that sounds overly dramatic, but I promise you, if you monitor your opportunity cost, not only can it truly help you become a better trader in the markets, but also […]
This video is intended for those that are brand new and seeking an online broker. If you fit into this category at this stage in your journey, then please watch this video. I talk about some very important concepts that you should be thinking over as you make this decision for your trading journey. Penny […]
This serves as an open letter to the internet trolls out there on social media; however, also provides a basic, but very valuable concept that must be accepted if you are going to have any chance at success in trading the markets.
Maybe you’ve heard people say that “hope” is a bad word within trading? Those people are not misleading; however, there is a little more that goes into it. I dig into the concept of “hope” and why it can cause so many problems for us as traders. “Hope” is not always a bad thing, but […]
Have you seen them before? I know I’ve made them on numerous occasions. Ya gotta love the broad surface deep statements that are made because they “sound good” and are actually true; however, they leave a lot to be desired when you actually break them down… as I do in this video. You need to […]
What separates poor people from successful people? Their attitude. Maybe that sounds too simplistic, but in all actuality, it’s 100% the fact of the matter. If you want to be a successful trader of the markets, then you better have an outlook on life that breeds motivation.
A very effective marketing sales pitch is to proclaim that you have a system and/or strategy that works for everyone. All you need to do is follow step-by-step and the strategy will work for you. Does something like this actually exist within the trading markets? Let’s take a closer look.
I’ve had many people tell me that technical analysis (the use of “charts”) is worthless because it all depends on information from the past. Or, in other words, “old information”. Can this so called “old” information be of any use? Let’s talk about it.
I hear it quite a bit. People proclaiming to me that technical analysis (the use of “charts”) is a scam or simply does not work. There’s quite a simple explanation as to with why these people are wrong, so that’s what I’m going to explain…. using a golf club. Video: How Charts Actually Work
Many people dream about and want to become full time traders and trade for a living. This dream is by no means impossible, however, the dirt you trade on plays a vital role is just how easy or difficult accomplishing your dream will be.
There are so many people running around with loaded guns it is crazy. I myself was guilty of this very thing when I first got started in stock market trading world. What do I mean? You’ll see…
I will be the first to admit, I can be pretty rough around the edges when it comes to dealing with people. I was not always this way though, so am I a jerk? I will try to give my answer.
If you have been around penny stocks and either message boards or social media, then I’m sure you’ve heard people blame falling share prices on traders who are shorting, (aka, “the shorts”). Is this really the case or is this just a dumb excuse pumpers use?
The general philosophy of “teach me to trade like you” seems to make lots of sense. If someone is successful, then you want them to teach you to trade like they do. However, is it really as simple as that? While I understand the philosophy makes tons of sense, it will lead you into the […]
Thinking about jumping into the real estate investing business? While I certainly have nothing against real estate (I invest in it myself), is it really practical for someone with very little start up capital? If you listen to the real estate gurus they will lead you to believe “no money is required”, but is that […]
Many people have goals of trading full time. Whether it be stocks, options, Forex, futures, etc., it’s a great and ambitious goal to have for yourself – no doubt about it. Goals and reality can often times be very separate things, and while I’m not saying full time trading is impossible, you need to be […]
Video Resources: How to Avoid the Pattern Day Trader Rule (PDT) Using Options Learn Options: Options Trading Simplified Learn to Survive Penny Stocks: The Penny Stock Survival Guide
When traders hear “options”, their minds usually go to one of two places… Big gains can be made by only using small amounts of money. They can be highly risky if you don’t have a strategy. Both of those are very true. In regards to the 2nd point though, ANYTHING is highly risky when you […]
What you’ll see in the below video is an annual tradition that my brother-in-laws and myself have been doing the past few years. This year however I wanted to turn it into a very valid penny stock analogy. Simply put, the next time you think about a penny stock as an “investment”, I want you […]
For the traders that hang out in my private trading group chatroom, they know I have a new mission in regards to education and training: options. This mission especially pertains to those traders currently trying to use penny stocks as their means to pull profits out of the market. Why? Well, quite frankly, penny stocks […]
I see this topic flying around all the time. Traders running around wanting to learn how to short penny stocks because they’re all pump-and-dumps and eventually will collapse. I get it. I understand ‘why’ this logic is so attractive and seems like such a no-brainer decision; HOWEVER, this logic is only surface deep. Let me […]
Want the truth on trading? It’s easy to talk about all the luxuries that can come with trading… I mean, that does make any sales pitch being given much easier; however, it’s only a half-truth. The reality of the situation is that there are quite a few things that need to happen before anyone is […]
I try my best to give a realistic and honest view of stock trading. There are so many people out there trying to sell you stuff and the majority of the time all that is presented is the warm-and-fuzzy part of trading. I realize I also have products and service to sell, however, I believe […]
The Pattern Day Trader (PDT) rule is one that is enforced by the government. What are my thoughts on it? How should you trade if this affects you? All that and more in this stock trading quick tip video.
Are you a Fantasy Football expert and wish to take your skills to the next level? You probably understand all of the ins and outs of how to play fantasy football including all of the rules and strategies involved; do you want to take those skills and turn them into cold hard cash? Have you […]
It has got to be one of my biggest pet peeves. When people classify trading into the same category as gambling, it drives me crazy! The good thing is whenever I encounter these sorts of people with this mindset, I use a very simple example to refute this claim. The beauty is, the example is […]
Did you know that it is possible to be a stock trader who does not pay commission when you are buying and selling the stocks you are trading? Sound too good to be true? I assure you, it is very possible.
Learn about the 5 tools I use to find trading setups (including 3 that are completely free).