8 Trading Hacks to Make More Money!!

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Trading and investing hacks to make you more money!

In today's video I wanted to give some trading tips for beginners (or any skill level really) that I think is important to think of when going in on a position.

HACK NUMBER 1:
When looking to buy a stock, look at the market cap of the company, not the price of the stock. I see this ALL the time. The stock price does NOT reflect how small or large a company is. Simply put, you must look at the market capitalization, which reflects how much the whole business is worth, to determine whether or not you want to invest in it. Smaller market caps means more room to grow. If you have a stock with a market cap of a few billion can potentially have more room to grow to tens or hundreds of billions.

NUMBER 2:
Don’t FOMO into any trade or investment. I used to do this all the time. A hot stock pumps up and you think you can make some quick profit. Ha ha, NO, you can’t. You’ll always buy the top, and the stock will always drop back down and then what? Hmm? This is the reason so many people get dragged into the fantasy of making millions with penny stocks. Or more recently now with cryptocurrency. This is not a smart way of investing- there will always be other opportunities if you missed out on anything so be smart and don’t fomo!

NUMBER 3:
If you’re in a trade and its going against you then take your loss and move on because if not you’ll most likely continue to lose even more money and you’ll end up losing time sitting with bad trades when you could be investing elsewhere. On the flip side, have patience when things go your way - to make the big bucks you never want to sell out early. You can take profits along the way but let the trade do its thing.

NUMBER 4 :

NUMBER 5:
Beta measures the expected move in a stock relative to movements in the overall market. Typically you’ll get greater returns with high beta stocks so if you want to try to beat the market with your stock portfolio make sure you’re invested in some high beta stocks. The higher it is the higher the returns but also keep in the mind it can also mean higher risk. Of course this isn’t the only thing you should look at but its definitely a great start when researching which stocks can potentially make you the most money.

NUMBER 6:
You must understand how taxes play a role in investing and knowing the difference between short term and long term capital gains. Now this is particularly important if you are investing with options. If you buy long-term options or LEAPS, not only will you have time to let that investment grow but also have the advantage of being able to hold that contract for more than 1 year and leverage your gains while paying long term capital gains.

NUMBER 7:
Imagine this - you buy a stock and that stock rises in value - you’re all happy and want to sell - DON’T SELL! Instead, start selling covered calls on that stock. See when you SELL calls you are collecting a premium - free money basically - for agreeing to sell your stock if it reaches a certain strike price. As long as you are OK selling your shares at the strike price - you can sell a call option on your stock, collect premium, and if the strike price is reached, the shares will be “called” away from you but you still keep the premium

NUMBER 8:
One thing we all have to learn - sooner or later- is that we don’t know everything and we sometimes have to rely on the greats before us to inspire us to reach our true potential. My advice if you want to make money with trading, investing, options, whatever turns you on - is to look at how others have done it. The great traders and investors who prove themselves over and over again. The information is out there - its up to you to do the research, learn as much as you can - be smart about your investments and you will be successful.

I am NOT a financial advisor - please do not make any trading decisions solely from info on this video. Do your own research!

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Favorite hack --- Selling Puts to enter a position bc i feel like i'm getting it at a "discount" vs just buying 100 shares out right.

nienjuanate

You are my new favorite finance guru. Thanks for the content buddy.

pugliesepitching

Number 3 has been part of my problem. I purchased AMD in 2018. It has gone up over 600% since then but instead of letting my biggest winner run, I sold shares several times to buy other stocks that don't perform as well.

stacy

U are the man! Best investing videos on utube keep going

matthewdelcambre

These videos are the most clear and simplified, thank you. Easiest to take notes with and understand the concept withought all the extra unnescessary detail that everyone else throws at you

christianmanning

I think a under talked about practice is rolling up and out of a call or down and out of a sold put. You can get more premium and increase the price that you’re selling at while avoiding assignment

andrewreid

Man I love the videos. I’m still new and def new to options and combining what you’re teaching with options and others with stocks I’ve been able to see small gains already. Thank you and keep it up.

thonygn

You are by FAR the BEST when it comes to breaking down options trading. You have that gift of explaining hard concepts easy to understand. That being said, could you please do a video on how to do a Poor Man's Covered Call? All these other Youtubers just flex their knowledge and 3 minutes into the video, I have ZERO understanding of what they just said. Looking forward to some more amazing videos! :D Keep up the good work my friend!

TheHeartifilia

Definitely Hack #7. Selling Calls/Puts to generate weekly income is the best in my opinion 👏🏻

ThetaMakesMeRicher

The best tip was to cut the loser trades short, I realized that has been my number 1 problem in my trading journey. Than you for the video!

juan_mtinez

I started selling calls on my positions, but just realized why not sell puts to enter position? Selling contracts has definitely made me more money than waiting for a stock to rise.

Jeguia