Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:00,220 --> 00:00:04,750
In this module we're going to be talking about why be involved in the stock market.
2
00:00:05,010 --> 00:00:07,050
Now, there's two reasons to be involved in the stock market.
3
00:00:07,050 --> 00:00:14,850
Reason number one is going to be to trade/invest your money to generate income.
4
00:00:14,850 --> 00:00:19,930
Number two is going to be invest or trade other people's money to generate income.
5
00:00:19,930 --> 00:00:26,850
Now in both situations your main objective is to generate capital to make money for yourself right.
6
00:00:27,000 --> 00:00:32,630
So you can go about this in two ways by creating your capital or creating somebody else's capital.
7
00:00:32,759 --> 00:00:38,220
Now a lot of people train their own capital and they do that to either supplement their main income
8
00:00:38,280 --> 00:00:45,600
with a side income or they just reach full time and that's their only income their main income is from
9
00:00:45,600 --> 00:00:46,640
trading.
10
00:00:46,810 --> 00:00:54,090
Now I believe that everybody should be invested in stocks at one point and another like everybody at
11
00:00:54,090 --> 00:00:56,830
one point has to be invested in stocks.
12
00:00:56,850 --> 00:01:01,830
You know when you're going to be saving up your retirement funds your money is going to be in stocks
13
00:01:01,830 --> 00:01:03,670
in one way or another.
14
00:01:03,690 --> 00:01:10,470
Now throughout my years and throughout my career I've worked at brokerage houses I've seen a lot of accounts people with
15
00:01:10,620 --> 00:01:16,590
half million dollar accounts that's for retirement going from half a million to zero because
16
00:01:16,950 --> 00:01:25,070
they selected really bad stocks all high risk all same industry gold miners or penny stocks.
17
00:01:25,200 --> 00:01:31,410
But I've seen other people going from half a million to over a million.
18
00:01:31,410 --> 00:01:33,560
So you can very easily.
19
00:01:33,570 --> 00:01:34,690
Very easily.
20
00:01:34,770 --> 00:01:41,370
And you know when you're sitting up your money for retirement that's done across decades you know 20
21
00:01:41,370 --> 00:01:44,300
30 years when you're looking at such a big period.
22
00:01:44,310 --> 00:01:47,580
It's very easy to double your cash.
23
00:01:47,790 --> 00:01:50,730
It's very easy by selecting good stocks.
24
00:01:50,840 --> 00:01:58,050
Now it's also very easy to lose most of your cash if you select really bad securities.
25
00:01:58,320 --> 00:02:04,920
So for me everybody is supposed to learn about trading and about investing because if you're willing
26
00:02:04,920 --> 00:02:10,889
to work twenty three years of your life to have X amount of capital that you can retire with.
27
00:02:10,979 --> 00:02:17,780
Well why not spend six month or a year learning how to invest and double that amount of capital.
28
00:02:17,790 --> 00:02:26,190
Why not double it by spending a few months to a year learning when it takes you 20 or 30 years to make
29
00:02:26,190 --> 00:02:27,330
it right.
30
00:02:27,350 --> 00:02:35,460
So and not risk losing a trade so it makes no sense for somebody not to get educated about investing
31
00:02:35,730 --> 00:02:38,820
because everybody has to invest at one point or another.
32
00:02:38,820 --> 00:02:43,910
Now this is one way that you can go about investing your own capital.
33
00:02:43,920 --> 00:02:49,340
Now the other way is finding other people that you can invest their capital or trade their capital out
34
00:02:49,350 --> 00:02:50,080
to do that.
35
00:02:50,130 --> 00:02:55,860
First you've got to be good at so example there's a lot of companies that fund the traders now to get
36
00:02:55,860 --> 00:02:56,890
into a company like that.
37
00:02:56,910 --> 00:02:58,260
You got to prove that you're good.
38
00:02:58,270 --> 00:03:01,230
So when I hire a trader I want to see their track record.
39
00:03:01,230 --> 00:03:05,610
I want to see if they are performing well if they are making cash.
40
00:03:05,610 --> 00:03:10,850
So start off trading your account and if you're not performing good if you have you know a year of track
41
00:03:10,850 --> 00:03:18,720
record to show or even you know eight months of consistent profitability you can see a company show
42
00:03:18,720 --> 00:03:22,650
them your track record and they can fund you they'll give you a funded account then you can trade with
43
00:03:22,800 --> 00:03:27,570
WAY bigger amounts of money and keep a percentage of those returns.
44
00:03:27,570 --> 00:03:32,820
So that's a very good situation to be in because you have more risk in terms of capital and you have
45
00:03:33,180 --> 00:03:36,700
very very high rewards if you're performing good.
46
00:03:37,050 --> 00:03:40,850
So these are the two ways that you can make money in trading.
47
00:03:40,860 --> 00:03:42,570
You've got to start out by trading your account.
48
00:03:42,690 --> 00:03:43,920
Proving that you're good.
49
00:03:44,190 --> 00:03:48,520
And then you can move on to even trading other people's accounts.
50
00:03:48,600 --> 00:03:52,800
And regardless of what you want to do and what's your end goal you have to learn to trade and invest
51
00:03:53,070 --> 00:03:55,250
because it is something that is super important.
52
00:03:55,250 --> 00:03:57,900
It will make a difference for you.
53
00:03:58,200 --> 00:04:02,890
And you are going to have to do it at one one day or another or another.
5745
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.