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I LOVE Wallstreet Trapper! I opened a brokerage account this month and last Friday invested some money into a money market.

And I had a day trade lesson…I’m looking to invest in AXON for a few reasons but there’s somethings I was advised to look at first.

I’ll be 34 in a week and reading about your success with something another Black man has been talking to me about for years pushed me into the leap. I’m saving this to read again with my study cap on to really understand but I wanted to comment to let you know you are inspiring!

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Thank you for those kind words, Jacquie! They mean more than you know!

And, yes, Trap has been hugely beneficial to me and my family. I’ve been rocking with him for about two years now. We attended his “Stock Market in the Streets” tour here in Chicago last summer, and I wrote about the experience here at Money Talks as well. Feel free to check it out in case you missed it:

https://moneytalks101.substack.com/p/stock-market-in-the-streets

I’d highly encourage you to pursue investing with great intentionality, Jacquie. It really pays off, and it’s not nearly as complicated as it seems. If I can be of assistance, feel free to reach out.

Thank you for reading and sharing your perspective. I appreciate you being here. Have a great birthday!

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I need to check out that post too! And I will be reaching out soon! Maybe in the near future we can collaborate to create a column in the magazine dedicated to this knowledge. Only if you are down.

And let me learn a little more so you aren’t teaching me about it. But if you offer consulting I will support in that way too! Either way I just feel so proud to be doing it. I feel like I leveled up so much with these moves and mindset shift.

Thank you!

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The discipline is what it really takes beside the temperament.

If you can handle the stop-loss on those days that don't work, you are probably fine.

Big picture it is pretty scary that we had almost only bull runs the last decade, so a prolonged down-turn is unknown to most newbies.

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I’m definitely learning the importance of discipline with options the more trades I take. The last thing I want to do is blow my account. It’s difficult, especially when you see money being made so fast.

And you’re right about the bear market. I wrote a few columns ago that I still haven’t experienced a bear market and can’t be sure how I’ll respond. The good thing is I’ve educated myself enough at this point to know not to panic but to use that as a buying opportunity. Eventually, we’ll have to face it. Hopefully knowing what’s inevitably coming will help me to manage my emotions.

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I am not a trader or expert for options but I understand the principles and would suggest you study puts as much as calls so you can benefit form a downtrend as well

but it all hinge son discipline

The is a similarity to compounding interest. The most important thing is time and steady gains, not the big short-term hits.

If you can make $450/day regardless of the time it takes, you get close to $10k/month

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