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- 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.
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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