FB Ads Tracking

Upcoming Free Training Event: How to Kill Your Stress, Fear and Frustration as a Trader.

ClayTrader Gift Cards Available!

Day Trading for Full Time Income.

The stock market and day trading prove great opportunity. I don’t think anyone will deny that; however, with that being said, day trading for a full time job has many considerations that must be made. While I realize why some people have the wrong impression of how all this works, I want to set the record straight and lay out exactly why in some circumstances, becoming a “day trader” as a job and full time is not the answer.

Trading Confirmation Bias – Part 2 How Can Math and Numbers be Emotional? Trading Failure Before You Begin A Trick to Not Force Trades What is Trading Confirmation Bias? Keep It Simple. BUT Not Too Simple.

INSTANT ACCESS: 5 TRADING TOOLS I USE

Download this free report revealing the 5 tools I use everyday to find the stocks I am going to trade.
comments powered by Disqus
Transcript:

Waking up unemployed?Hey let's become a day trader.Let's talk about this.I was actually planning on doing another video todaybut literally on YouTube this morningwhen I was going through the comments and replying,I saw this and I thought, wow that needs to be a video.Really bad for business but it's the fact of the matter.So let's get to this comment that was on YouTube.So this person says, I woke this up, blah,so this person says, I woke up this morning,remembered I have just become unemployed,ended up here, perhaps for a reason?What, ended up here, where is here?A video that I have out there on YouTube,How to be a Day Trader.And they ended up there and obviously they're thinking,I'm unemployed but okay, day trading,I'm here for, maybe this is what I'm supposed to do.No, this is not what you're supposed to do.And like I said, pretty bad for businessbecause I should really be saying,yes!Yes, buy my courses, I'll teach you how to be a day traderand you'll never have to work again.But in good conscious that's not how it worksand I realize that costs me revenuebut the idea hopefully,maybe when he gets well establishedmaybe then he'll come backand allow me to help him out but right now to help you out,no, you are, day trading is not going to be the answerto your unemployment situationbecause let's just kind of break things downand I realize a lot of this is kind of common sensebut I want to hopefully illustratewhy this is not the answerand why people shouldn't just be like, you know what?I'm gonna become a day trader.And some people will even literally quit their jobto become a day trader.That's really, that's not smart.Because when you are unemployed.How you became unemployed, whether that's you quit your jobor in this case, I don't know,if they just lost their job or whatever,but they're unemployed.Think about this.What is still going on in that dynamic?Well, you have these things calledexpenses, right?And you need to pay those every month.Food.Shelter.Utilities.I don't think I spelled that right,but you get the idea and I realize this is basic stuffbut think about it.My question to you.Are these optional?Can you be like, yeah, I'm not gonna eat for the next month.Ah, I guess shelter's optional, you can go live in a bridgeso I kind of contradicted myself there.You could--Let's go with shelter, just cheap shelter.You could live in a van down by the river.Utilities, yeah that's, but regardless,there are some expenses up therethat you have to pay no matter what.And if you have a significant otherI'm pretty sure he or she is not gonna be like,you know what honey, I understand, we're going under,we're going to the van down by the river,or we're gonna go under the bridge,let's go hang out with some meth heads okay.I mean I don't think they're gonna say that.So these are not optional.Meaning you have to pay them.So if you think that you can just hop into the marketand then be able to generate money.So these are not optional.These are...That one's, that one's done.It does show up on the screen?Yeah.It did? Alright.Well just to be sure.When you must pay for somethingand you think the stock market is going to help,it can help, it can generate you money,but in order to do it consistently,in order to do it over time,there is a lot that goes into itand when you are unemployedand then you first have to learn and then do it right.I mean the learning part you're going to rush.You are going alright, 'cause I got, 'cause why?You gotta get stuff paid for.You gotta get stuff paid for.But let's just say that maybe he's already been studying,he's already done a few things.I'll even do this, he's even taken some of my courses.And now all of a sudden he's unemployed,alright well I'm ready to go full go into day trading.Now there's, maybe it could work?'Cause there's always circumstances,I mean if he's starting offwith two years of expenses in his bank accountthat's a little bit differentbut lets' just say that he was taking my coursesand then unexpectedly he is now unemployed.Even if you were to take my courses,there's too much mental pressure to be able to now execute.Sure he's learned but executingand staying consistent at thatis still another skill that needs to be developed over time.And when you have the must kind of umbrella.Look at that umbrella.When you have the must umbrella hanging over you'cause you gotta get those expenses paid forit's just too much of a mental strain.There's too much mental pressure.Where that is not going to, it's not gonna work out well.You're gonna be thinking I must, I gotta make the payment,there's trade, I know I took Clay's coursesand he says that's not really, but I,and then you're gonna be forcing trades,you're gonna be revenge trading,you're gonna be doing a lot of silly thingsthat you should not be doing.So keep that in mind and you know,as much as that may kind of be anti-revenueit is the truth of the matterthat you need to have peace of mind,not only when you learnbut also when you're trying to execute.And that's why if you follow my podcastsor just really anything we're always preaching around herethat ticker symbol JOB is a nice ticker symbolto always kind of have on the sidewhile you're still learning and fine tuning your skillsbecause it is gonna alleviate the mental pressureof that whole must umbrellathat is gonna be hanging over you.So just keep that in mindand definitely if you're unemployed get out thereand find another job as soon as possible.And certainly don't just be like,you know what?I'm quitting my job today and I'm gonna become a day trader.That's not how it works.I realize that a lot of people may portray it like thatbut that's not the truth of the matter.A lot goes into it and the best alleviator of pressureis to just keep a side income coming inin the form of a job or whateverand that's gonna make life a lot easier.If you are out there trading alone currentlyand maybe are in the market looking for a community to jointo assist you in your trading or to just help you,give you another set of eyeballs,then I do have a private trading communitywhere you can trade alongside meand other experienced traders.So what you see popping up on the screen right nowis both an information link,so if you click on the Inner Circle one,that is going to take you to the pagewhere I explain all the detailsof what exactly come with the community,both the chatroom and the newsletter.And then the other image that is popped upis a behind the scenes tour where you can see exactlywhat is going to be contained within the community.I take you through like I said,a behind the scenes tour of everythingand that way you'll know preciselywhat you are getting when you join.So definitely check that stuff out if you are interestedand thinking about wanting to join a communityand let me know if you have any questions.

Let Me Help You Get Started

arrow mwc logo comment google-plus facebook instagram twitter youtube3 linkedin2 email itunes feed2 soundcloud phone stitcher play3 envelop bubble bubbles4 wrench bell notification stop search menu question-circle books hammer binoculars pin icon-tunein chevron-right check in calendar number1 number2 number3 number4 number5 mobile2
close ×

FREE TRAINING EVENT!

How to Kill Your Stress, Fear, and Frustration as a Trader