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Teaching people how to invest helped increase my profits

ADayattheRoxbury

Contributor
Mar 23, 2019
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A side hustle that I started about 6 months ago is starting to have a pretty significant impact on my bottom line, not in terms of actual money I make from teaching though. Let me explain.

On a discord forum, called PlanTheTrade, we have about 1500 members that discuss various markets and the ways in which they profit off of those markets. Mostly focused towards stocks and options, it’s a great place for beginners to start learning about stock trading. Recently, I started adding bonuses such as discounts to premier charting websites and market scanners, to add value to the $20/mo cost. Sadly, I don’t get any of that revenue because it’s my friends discord. Anyways, the way I started making revenue is by having people pay me to teach them the way I trade options. They watched me call correctly the way a stock options price would move about 18 times in a row and it got people asking me to train them, so for $70 a week, I told them I would teach them the things I look for in trades, train them on Zoom, and set up their platform for the fastest trading possible.

Now this would be all well and good by itself but, what teaching others about the market has done, is force me to learn more about the markets, and moreso, about myself. I’ve found that I’m very impatient and so it’s better for me to make faster moves in and out. I found that my level 2’s were horrendous on TD AMERITRADE, so I’m switching to DAS Trader Pro for better continuous level 2s. And lastly, I learned that I’m a really shitty loser (I hate losing!) and so I wait too long to cut losers. Since making these changes to my trading, my returns are up ~30% over my previous daily average! Hoarding knowledge like a commodity does more harm than good in my opinion, give someone else a leg up, and they’ll return the favor!

TLDR : teach others how to make money, and you’ll make more money!

The discord is Join the PLAN THE TRADE . Net Discord Server! if anyone is interested.
 

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ADayattheRoxbury

Contributor
Mar 23, 2019
68
46
55
A side hustle that I started about 6 months ago is starting to have a pretty significant impact on my bottom line, not in terms of actual money I make from teaching though. Let me explain.

On a discord forum, called PlanTheTrade, we have about 1500 members that discuss various markets and the ways in which they profit off of those markets. Mostly focused towards stocks and options, it’s a great place for beginners to start learning about stock trading. Recently, I started adding bonuses such as discounts to premier charting websites and market scanners, to add value to the $20/mo cost. Sadly, I don’t get any of that revenue because it’s my friends discord. Anyways, the way I started making revenue is by having people pay me to teach them the way I trade options. They watched me call correctly the way a stock options price would move about 18 times in a row and it got people asking me to train them, so for $70 a week, I told them I would teach them the things I look for in trades, train them on Zoom, and set up their platform for the fastest trading possible.

Now this would be all well and good by itself but, what teaching others about the market has done, is force me to learn more about the markets, and moreso, about myself. I’ve found that I’m very impatient and so it’s better for me to make faster moves in and out. I found that my level 2’s were horrendous on TD AMERITRADE, so I’m switching to DAS Trader Pro for better continuous level 2s. And lastly, I learned that I’m a really shitty loser (I hate losing!) and so I wait too long to cut losers. Since making these changes to my trading, my returns are up ~30% over my previous daily average! Hoarding knowledge like a commodity does more harm than good in my opinion, give someone else a leg up, and they’ll return the favor!

TLDR : teach others how to make money, and you’ll make more money!

The discord is Join the PLAN THE TRADE . Net Discord Server! if anyone is interested.
I should mention, my username is different on there, but if you find a guy with a cute baby and sunglasses in his avatar, you’ve found me! :D
 
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ADayattheRoxbury

Contributor
Mar 23, 2019
68
46
55
If I remember correctly, when you buy and sell stocks there's a two day waiting period for the transaction to clear. So if that's the case, how do people day trade? Is there a way to note yourself as a day trader so that this rule does not apply? How do folks deal with it?

Thanks!
Thanks for the post

I would be curious what are your takes on next recession.
You could post it here or at NOTABLE! - The Coming Recession (2019-2020?)

I went ahead and posted there for ya! In my opinion, it’s the best way to attack drawdown periods. But to get more in depth? I’d have to look at your market profile,
 
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