In my experience, there are only
three ways to become a
multimillionaire.
Number one, trading stocks
and options. Number two, investing
in real estate. Number three,
running a successful business.
Personally, I am doing
all three and trading stocks
and options is my personal favorite.
Now, in this video,
I will reveal why trading
is the best business in the world.
So let's get started.
Before I explain why trading
is the best business let's talk
about the difference between trading
and investing.
So trading versus investing.
You see, when I ask people if they
have been trading before, they
often say, "Yes, I
bought Apple two years ago
and it's doing well now."
That is not trading.
That is investing.
So here are the main differences
between trading and investing.
You see, investing is a long term
approach. You're often holding a
stock for years.
Trading is a short term approach.
You only hold a position usually 5
to 20 days.
When investing you're buying a stock
based on a "hot tip"
or a "gut feeling." When
trading, you're buying a stock
based on indicators.
That is a scientific approach.
Now, when investing, you make
decisions based on emotions,
often "hope."
When trading, you make decisions
based on probabilities.
When investing usually people
don't have an exit strategy, they're
often exiting when it "feels
right" and it never does,
right?
When trading, you know your
exit before you even
enter a trade.
Now when investing, typically you
only make money when the market goes
up. When trading
you make money when the market goes
up or down.
When investing you're concerned with
the overall economy.
And when you're trading, you don't
care about the overall economy, you
don't care about who is president,
you don't care about what's
happening in China or Europe
because you trade what you see,
not what you think.
So, the question is, is
trading better than investing?
Heck yeah!
And here is why.
When investing and you have a long
term approach, you have to be
concerned about what's happening in
the world. Who is the president?
What's going on with China?
What's going on in Europe?
What about the overall economy?
And so on.
You see, when trading short term
positions, all these things
don't matter.
When investing, you're typically
buying and holding, and you
hope that the market is going up.
Now, if the market is crashing, your
positions will suffer.
See, when trading, you can benefit
from a rising and a
falling market. In fact, often
you will make more money in a
falling market because a market
falls twice as fast
as it goes up.
When investing you have very little
control. You're in it for the long
run and you shouldn't make any
adjustments to your positions.
Now, when trading, you're
actively managing your positions,
and you can adjust them
daily if needed.
Therefore, trading gives you more
control.
Now, these are only a few reasons
why trading is better
than investing. Learn how to
trade and you will run circles
around long term investors.
Next, we will talk about trading
versus investing in real estate.
But do me a quick favor,
if this is making sense thus far and
you're enjoying this video, click on
"Like" and leave a comment that
says, "Yes, this is making
sense." Okay, so let's talk
about trading versus real
estate.
No doubt investing in real estate
can be very lucrative, and it
can help you to become a
multi-millionaire.
I personally own 10 million dollars
in real estate, yet I
prefer trading over real estate
and here's why.
When investing in real estate, you
have to find the right property.
You have to negotiate the best
deal. You do need to do all
your due diligence.
Deal with inspections, take care of
financing, prepare contracts.
You see when buying a single-family
home, this can take weeks.
And when buying apartment complexes,
this can take months.
And when you're selling your
property, it can take weeks and
months too.
See when trading you push
a button to buy and you push
a button to sell.
And the transaction is completed
in a matter of seconds.
Also when investing in real estate,
it can take months and sometimes
even years before you make
a profit.
And while you're invested in real
estate, you're at the mercy of the
markets. If there is an economic
downturn, you might not be
able to find renters.
And if the real estate market
crashes, you might not be able to
sell your property with a profit.
When trading, you only hold
a position for 5 to 20 days.
And therefore, you're not subject
to recessions or economic downturns.
You have much more control.
And when investing in real estate
you need to bring at least 20%
of downpayment to the table.
So when you try to buy a
$200,000 home, you need to have at
least $40,000.
And when you try to buy an apartment
complex for $4 million, you
need at
least $800,000.
See, on the other hand, when trading
you can get started with as little
as $5,000.
I personally started with trading
first and then I
started investing in real estate.
And also when investing in real
estate, you have to deal with
tenants, with code enforcement,
unfair tax appraisals, fair
housing laws and so on.
You have to find tenants, you need
to make sure that they are paying
rent and not trashing your property.
And you have to make sure that the
AC and water heater is working,
that the toilet is not clogged.
You need to evict the tenants when
they don't pay the rent.
You have to renovate the house after
they move out... Geez!
Sounds exhausting, isn't it?
Now, when trading it's just
you and your computer.
When you feel like buying, you press
a button. You never have to talk
to anybody, nobody is calling
you in the middle of the night
informing you that a drunk tenant
drove through the fence,
true story, but that's a story for
another day. Anyhow, trust me,
trading is much less
stressful.
Long story short, if you don't
have millions of dollars yet
and a team that can take care of
your properties, then start with
trading to build enough capital
before you invest in
real estate.
Is this making sense?
If it does, click on "Like."
Do it right now so that I know that
you are here.
Next, let's talk about trading
versus business.
Running a business is
difficult. After all, you
have to deal with employees,
vendors, accounts receivables,
marketing, sales.
What else is there?
Bookkeeping, tax
laws and the IRS.
You have to deal with social media,
customer reviews and the list
goes on.
On the other hand, when trading you
need to master only three things.
Number one, find the right
stock to trade.
Number two, knowing when to
enter. And number three, knowing
when to exit, either with a profit
or a loss.
That's it.
Master these three things
and you will succeed as a trader.
By the way, if you would like to
know how exactly I do
these three things, then hop over
to a website that's set up for you.
It's called MyTradingRoutine.com.
And on this website, there's a video
in which I show you exactly how
to find the right stocks, when to
enter and when to exit.
I'll link to it in the description.
Go there right after you finish the
video it'll definitely help you
in your trading. But back to trading
versus business.
You see, when you start a business
you need to have at least
$50,000 or $100,000
in startup costs.
And we've already talked about it
when trading you can start with as
little as $5,000,
and that's only a fraction of the
money you need for starting a
business.
Now, finally, when trading,
you will know whether you're right
or wrong in a matter of days.
When running a business it usually
takes years before you're
making a profit.
As you can see, here's why trading
is the best business.
First of all, it's simple.
All you need is to master three
things and you can succeed.
Investing in real estate or running
a business is much more complex.
Second reason you can get started
with as little as $5,000.
And investing in real estate or
starting a business, you need
$50,000 or $100,000,
maybe even more.
When trading you can get started
with as little as $5,000.
Reason number three, you are in
control.
When running a business you need to
rely on your employees, the
economy, your vendors and
many other factors.
And when investing in real estate,
you need to rely on your property
management company, your
contractors, your tenants,
your lawyer.
You get the idea.
When trading it's just you
and your computer.
You are in control.
Only you are responsible
for your own success.
Does this help?
if it does, make sure that you like
this video and subscribe to my
channel. And oh, go
to mytradingroutine.com right
now to see exactly how to find
the right stocks, when to enter
and when to exit.
Go there right now!
It'll definitely help you in your
trading.
Talk soon.