Book review: Think and Grow Rich: A Black Choice

Scroll I: The Greatest Salesman in the World

An adaptation of the original book by Napoleon Hill : “Think and Grow Rich”

This adaption is directed at the Black community

THE LAWS

Law of correspondence: inside then out

How to stay positively motivated all the time

Goal setting is the master skill

Be persistent

Money is not bad

Service is the rent you pay for the space you occupy while on this earth

Your Great Discovery

WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$

---

Learn more: Stock Market Trading Course: https://gum.co/VxJLm 

---

This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Host Alex Cunningham

This episode we talk with Kibria about his introduction to the Stock Market and how it fits in his plans for the future.

“I am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.”

#6 Seven Cures to a Lean Purse - Richest Man in Babylon

Education Recommendations

Quote of the week

“All that a man achieves and all that he fails to achieve is a direct result of his own thoughts” - James Allen, “As a Man Thinketh”

WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$

---

Learn more: Stock Market Trading Course: https://gum.co/VxJLm 

---

This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In this episode, we discuss using your job as a UPS driver to become financially free.

Disclaimer: “I am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.”

#2 Seven Cures to a Lean Purse - (Richest Man in Babylon)

STOP BEGGING FOR A RAISE or more hours

Average salary (ziprecruiter)

Breakdown

Car + ins: $400/mo

Left-over:$400-640 (assuming miscellaneous expenses)

Goal: earn an extra $200-400 a month

You already have an advantage!!

Time to Blitz

PERSPECTIVE IS EVERYTHING

-You DO have money to invest, STOP WASTING IT

-Value Education

Quote of the week

"A Great Occasion is worth to a man exactly what is PREPARATION enables him to make of it."

WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$

---

Learn more: Stock Market Trading Course: https://gum.co/VxJLm 

---

This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In this episode, we discuss retail trading vs institutional trading and how to identify what the big money (the banks) are doing.

Disclaimer: “I am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.”

#2 Five Laws of Gold - Richest Man in Babylon

"Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field."

Banks/institutions vs retail traders/investors

The very profitable vs those who struggle for profit

Money (in most cases) is not created, it’s just transferred.

Going against the market movers opens the opportunity for your money to flow to them.

Open orders

-Banks can’t buy or sell all the shares they want all at once.

-Iceberg: Big order, but only small percentage revealed at a time 

Zig zag rise or fall WITH VOLUME are footprints

-You’ll never know who it is, but volume is a window into possible open orders.

They’ve perfected the ability to extract money from the market. They always want a discount.

-Learn to read charts. Always stack the odds in your favor. No one indicator or pattern is 100%. Once you have an idea, use other tools to help increase the odds...confirmation

Quote of the week

WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$

---

Learn more: Stock Market Trading Course: https://gum.co/VxJLm 

---

This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Instagram @marketadventurespodcast

In this episode, we discuss what kind of approach I would take toward the stock market if I was 18 years old again.

Disclaimer: “I am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.”

Quote of the week

#1 Seven Cures to a Lean Purse - (Richest Man in Babylon)

"START THY PURSE TO FATTENING"

Create a cash machine

Debt

Begin stock market education

Strategy

Growth ex: snapchat, pinterest, facebook, slack (learn about the business 1st), what are the professional valuations? How can this company continue to make money?

Dividends

Non-stock market

Diversify your assets

-

Subscribe on Spotify, Apple Podcasts, or wherever you listen to your podcasts

WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$

---

Join thesavings.club to get $5 towards your automatic savings account | Powered by Digit.co

---

Is the Stock Market the answer for you? Learn more: https://gum.co/VxJLm

---

This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Instagram @marketadventurespodcast

In this episode, we discussed when is the best time to sell stocks or exit a position. “I am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.” #4 Seven Cures to a lean purse - Richest Man in Babylon "Guard thy treasures from loss." Stick to the strategy Why did you buy it in the 1st place? Long-term? Dividend? Flip?  Be very strict. If you can come up with the money and protect your gold, do so. Avoid breaking rules You cannot pick a top Decide on an exit point before buying Trust your strategy. The market moves in waves. Your play will begin to go against you at some point. Stick to the plan. If you stay in and lose, then your plan was wrong. Revise it Learn to scale out, thus PROTECTING some profit NEW SECTION: Quote of the week  “Plan your trade and trade your plan.”

 --- 

Instagram @marketadventurespodcast

Subscribe on Spotify, Apple Podcasts, or wherever you listen to your podcasts

WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$

---

Join thesavings.club to get $5 towards your automatic savings account | Powered by Digit.co

---

Is the Stock Market the answer for you? Learn more: https://gum.co/VxJLm

---

This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Instagram @marketadventurespodcast

In this episode, we discuss when to buy stocks and signs to watch out for the FOMO demon!

Disclaimer: “I am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.”

#5 Rule of Gold - (Richest Man in Babylon)

Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

Avoid Youtube tricksters and schemers, there are A LOT of them!

Don't try to force a trade, gain experience and education before entering the stock market. The FOMO demon loves when nonprofessional traders romanticize the stock market. That's when you're in real trouble.

Learn your style: Fundamental Analysis vs Technical Analysis

Set your budget and STICK TO IT.

What am I willing to lose? How much do I want to keep in cash? How many trades am I comfortable having active?

-

TRICKSTER and SCHEMER lingo:

"proprietary" "Pick tops and bottoms" "My proven trading strategy" "I've made ____ trading, and you can too"

"Learn to make _____ trading stocks/options/forex" "Learn these indicators...."

RUN AWAY from these people

FOMO: Fear Of Missing Out

Remember, there are thousands of stocks. Missing a wave is okay. Be happy your strategy predicted the correct move. Now find another stock that fits the criteria and wait for your entry. Think of surfing or playing double dutch, you can't jump in after you've missed your chance...but wait a little and that window will open up again.

Quote of the Week:

“You don’t drown by falling in water, you only drown if you stay there” - Zig Ziglar or Edwin Louis Cole

Making a bad decision is okay, but refusing to course correct is where we get in trouble. If a trade isn't going like you thought, get out. Staying in because of emotion will lead to drowning.

Instagram @marketadventurespodcast

Subscribe on Spotify, Apple Podcasts, or wherever you listen to your podcasts

WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$

---

Join thesavings.club to get $5 towards your automatic savings account | Powered by Digit.co

---

Is the Stock Market the answer for you? Learn more: https://gum.co/VxJLm

---

This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In this episode, what I would do if I were 50 and had no experience in the Stock Market, but I was interested. Disclaimer: “I am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.” #3 Rule of Gold - Richest Man in Babylon Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. Step 1: Do a detailed Gap Analysis where am I now? Where do I want to be? Who do I want to be? Step 2: Determine my risk profile how well do I handle risk? how risky do I need to be? RISK IS NECESSARY with anything in life Step 3: Create my long term cash machine Only match employer contribution in 401 (k) Re-allocate extra cash to a Brokerage IRA Create a plan to pay down high interest debt (credit cards) Step 4: LEARN, LEARN, LEARN Designate portion of income to trading/investing education (books, webinars, courses, etc) Paper trade every day for 3 months to learn how to swing trade Step 5: Build accounts Retirement account 70% - old companies with economic moat and dividends Swing trading account 20% - this will serve as my own personal business. I'll have this tool for generating money for the rest of my life Risk trading account 10% - utilizing options to hedge stock positions in larger accounts. Trade options to generate pocket money - Quote of the week: “The alteration of your current circumstances is in exact ratio to an altered mental state” - As A Man Thinketh, James Allen 

Instagram @marketadventurespodcast

Subscribe on Spotify, Apple Podcasts, or wherever you listen to your podcasts

WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$

---

Join thesavings.club to get $5 towards your automatic savings account | Powered by Digit.co

---

Is the Stock Market the answer for you? Learn more: https://gum.co/VxJLm

---

This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In this episode, we discuss options trading, what options contracts are, how they work and how I make money using them. Disclaimer: “I am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.” #4 Rule of Gold - (Richest Man in Babylon) Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. Become familiar with how options, learn and practice before you get involved. If you don’t, as the rule says, Gold/Money will slip away from you. Learn the difference between a Call vs Put, this is part of the foundation of options trading. Pillars of Option Contracts: Options chain Strike Price Expiration day Bid vs Ask How money is made, contract pricing: Premium Time value Intrinsic value - A few things that I look at when scanning for options contracts include: stock price action, history of movement, strategy to extract money, and percentages/standard deviations (in/out of money). You want to learn about individual stocks and industries better understand how the Market Maker will price the options. WATCH OUT FOR SPREADS The stock market was created to fool the most amount of people-most of the time. Beware of volatility. WE LOVE VOLATILITY because we can make large sums of money but we have to learn how to navigate it or we can lose large sums of money if not navigated correctly. Once you become familiar (rule #4) then this can be really easy. Options trade of the week: Stock: Slack technologies; ticker symbol: WORK Call option; Time: 5 days; Cost: $60 (34C, 33.5C) Sold 34C: $36 (+20%); Sold 33.5C: $80 (+167%)

Instagram @marketadventurespodcast

Subscribe on Spotify, Apple Podcasts, or wherever you listen to your podcasts

WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$

---

Join thesavings.club to get $5 towards your automatic savings account | Powered by Digit.co

---

Is the Stock Market the answer for you? Learn more: https://gum.co/VxJLm

---

This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app