WWW.YOUTUBE.COM/REBECCALMAHANAND REBECCA SOUNDS REVEILLE YOUTUBE CHANNEL
Is trading marbles like trading stocks? Many adults can look back and think of things they traded in grade schools with their peers. For some, it may have been marbles and for others maybe Hello Kitty items. When trading, kids could see the value in one item and would have to figure out what they need to do to get it with the items they had on hand. What happened when we became adults? Some went into trading stocks and others maybe didn’t understand them and the fun was lost.
Guest, Director of Stocks at Simpler Trading, TG Watkins, who has an Engineering degree, set earned his Series 6 and 63 licenses and started his career as a financial advisor with New York Life with vigor and passion. It was there his knowledge about the financial industry really exploded. TG uses his custom-designed Moxie Indicator as the backbone for trading and understanding the movements of the market. The easy to read Moxie indicator, combined with 2 primary moving averages, gives you the structure needed to make sense of the market, along with, multiple time frames making sure that tunnel vision doesn’t set in.
During this episode, TG shared how, at 12 years old, he developed an interest in this area and how you too could get involved which can let to a sound financial foundation. He said, “How you can learn if you don’t already know. How to make this better and how it can equip you to get your finances in a position where it will put you not only with a good foundation but will give you a really great cushion. If you already have that good foundation…”
He also wanted to make people comfortable with getting into trading and talked about it this way: “…to explore and make those mistakes. You know, fall off the bike a little bit. You’re gonna push the wrong button. There’s go up when it should be going down. You need to make sure that you have that safety net of basically no money so you can learn this and then once you’ve practiced this a little bit, once you start to catch on to this, you can realize that, ‘Okay, I’m getting this. I see these patterns.’ This starts making sense and you’ve done this all without losing any money. Once you’ve proven to yourself that you can make these setups and you see it over and over and over, then you can start applying some money to it. So, an account, like you said, if you have five hundred dollars, maybe a little less, you could just go out there and buy one share. You know kind of get your toes a little bit wet because you don’t want to throw five hundred dollars all in your first trade. If that’s your entire account size that’s very risky and you’d risk all of your entire account. So, maybe buy one share. Maybe buy two shares. It depends on the cost of the share and how much you have in your account and then go into the penny stocks. Just because they’re cheap and maybe you can pick up 200 shares.”
Whether you are just interested in getting that grade school trading feeling back, want to know more about how to trade, who to have help you learn about trading, or getting you more from where you are at, this episode gives insight in the why, what, how, and who to get you there. Get ready to go to the track. The trade track!