why I teach stock trading, options trading and why I teach people how to
invest in the stock market. also people always ask me, "if you're so good why do
you share your secrets? and why do you actually teach?" David Jaffee with BestStockStrategy.com
BestStockStrategy.com and in this video I'm going to reveal to you the real reasons
why I teach and I'm going to be brutally honest, like I always am, and if you
choose not to believe me that's totally cool but I'm going to do my best to
explain to you all of the reasons why I teach
the first reason is that I actually enjoy helping others. It makes me feel
good, I mean that's a very selfish reason just like the reason I teach is
inherently selfish because I do enjoy helping others and it makes me feel good
when they thank me and they tell me that the products that I have have made a
difference in their life the second reason is that trading is very solitary,
it's very lonely, when I'm you know laying on my bed or doing work and I
have to trade it makes me feel better to share those trades and the experience
that I have and to connect with a community. So I have a lot of members who
receive my alerts I have a lot of people who email me daily and as you guys
know if you have email me I respond to every email I also respond to every
comment so you know I'm very responsive because I actually enjoy that
interaction so first I enjoy helping other a second trading is very solitary
so I enjoy the interaction the third thing is that I actually enjoy making
videos when I was at Cornell I made nationals in public speaking and then I
fell into depression and I had a really bad OCD when I was working as an
investment banker and I don't think I've gotten back to that level where I made
Nationals in public speaking but I do enjoy making videos and this is one way
that I can showcase the skill and actually practice public speaking. The
other reason is, just to be completely honest, it's not a bad thing I enjoy the
money and I like making money so obviously like if I've spent a lot of
time and perfected my craft and I build good habits then I should be rewarded
for that you know like a lot of people they spend $6,000 for a garbage course.
I sell my my course, at this moment for only $599 and I believe that that is
tremendously underpriced so the fact is that I enjoy making money because money
is a way of society telling me that it values the product that I put out I
don't defraud anyone I don't make any false claims or false allegations I keep
my integrity the most my integrity is the most important thing that I have so
I'm not going to defraud or lie to anyone in order to tell them to purchase
a product. I frequently tell people hey if you have under
twenty thousand dollars it does not make sense for you to be a permanent
subscriber to the alerts I even tell them, "hey subscribe for a month and then
cancel" Alright like I'm very honest because I care about my integrity but
the fact is that I enjoy making money and when I make more money it's
society's way of validating me and telling me that I am doing good. And the
other thing is teaching actually makes me a better trader because it makes me
responsible to the people that I am to my students and I'm able to look back
and analyze all of my trades so I'm much more careful I'm actually a better
trader now that I'm teaching because I have to think back take screenshots send
it to all of my students and then explain the rationale behind why I made
that trade so by thinking through that process I can then iterate and and try
to correct any mistakes that I made and obviously nothing's a guarantee but it
helps me become a better trader. The next thing is I have an ego
so I mean that's normal right but on regardless of whether you think that my
ego is big or small I do try to be very honest but at the same time I have an
ego and I like making videos and I like the attention and I like having
followers like when I worked as you know when I worked as an investment banker I
was just working all the time and then when I owned a nightclub and was working
as a nightclub promoter I did enjoy going out and getting
paid to party and hanging out with attractive women. Now I don't enjoy that
but you know, in the past, like ten years ago, I did enjoy
that and I have an ego and that's one of the reasons why I enjoy making videos
and why I like teaching. The next thing is that there's a lot of fraud out there
so by me just being honest whether you like me or not I'm still doing my best
to serve you so I know that that you know a lot of people they look at
someone and the first thing that they think is do I like this person do I
trust this person and whether you like my videos or not whether you like me
personally or not I am still doing my best to serve you and to put out good
content and to be as honest with you as possible
and there is a lot of fraud out there as I've said day trading every day trader
is a fraud every swing trader is a fraud every penny stock trader is a fraud I've
never met a successful a day trader penny stock trader swing trader or
anyone who uses technical analysis so I'm just trying to help other people
avoid fraud. The teaching, back to the money aspect, the teaching revenue is
consistent. In October 2018 I lost money I mean that's what happens when the
stock market has the worst month that has had in seven years so teaching
revenue it comes in consistently and my students vote with their pocketbooks
right like you can cancel at any time and I have an extremely high retention
for the trade alerts and the reason is that I exceed their expectations and
provide more value to them than they're paying me so the teaching revenue is
consistent you know every like every month people subscribe and I have a lot
of students and that's consistent revenue whereas the stock market is not
consistent. Some months you'll make a lot of money other months
you won't make money so that's how it is. The next thing is I enjoy building
a community I had built a community on WhatsApp which is the way that I send my
alerts also on YouTube I have a community and as you guys know if you've
email me I respond to every email so yeah I build a community and I establish
relationships with people. The next thing is I like my students I do like my
students like I have you even told students that if if I don't
you then I have canceled their subscription and refunded them because
you know look if I have you know X number of students and this one person
is taking up way too much of my time then I'm going to refund that person
because if they are very high maintenance then I just don't want to deal
with that. And for me, I don't do this for the money like I don't need the money if
I have zero students I will still be able to not work another day in my life
right like I've been extremely successful in the past where I don't
need to do this but remember like all the people like once you reach a certain
level of wealth you're not motivated by money. It just doesn't matter like if I
make ten million dollars next year it's not going to change my standard of
living I'm not gonna go out and spend money on stupid shit I'm not gonna buy
Ferraris I'm not gonna buy you know expensive cars and buy an expensive
house I don't care about that and like really wealthy people they don't waste
their money on superficial things that give they give like that are just for
status symbols because people they don't care what other people think about them
so if you want to think that I'm doing this just because like I'm
trying to make extra money that's totally cool then don't sign up like go
you can watch videos from TastyTrade and TastyWorks &Option Alpha so you can watch videos from the day
trader scammers (Warrior Trading). You're welcome to do that like I really don't care I'm here
to help the people that want to be helped and who want to improve their
life. So in general I do like all my students than if I don't like my
students then I will just choose not to work with them and the last thing is
that it's a I have an abundance mindset so I read some comments where some
people said, "oh if you have a secret strategy that works why would you ever
tell someone?" And the reason is like we sell premium and sell options on the
biggest and largest companies in the world so we so could we sell options on
like Amazon which is like an 800 billion dollar company Facebook which is like a
four hundred billion dollar company like do you think it really matters like if I
sell an option and then my students so options there's no way like the depth of
those markets are so they're so deep and there's so much liquidity in that
marketplace where this isn't like a scam penny stock trading where where I'm
gonna like front-running the people who buy and then sell into that strength. No.
You couldn't even do that if you would need billions of dollars of contracts
in Amazon in order to move the price. in fact I don't even think that that
would do it because we're selling options which are derivative so you'd
probably need billions of dollars in purchases on the actual underlying
security and we don't even do that like we sell the actual options. Now yes
granted like if you bid up and put a few billion dollars into an option premium
then it would definitely move like you know the price of the option but the
fact is that it doesn't matter if I multiply the number of students that I
have by 1,000 it wouldn't it wouldn't impact my profitability at all meaning
from a trading perspective. So when people say like "oh if you do this why
are you sharing it?" The reason is that I enjoy helping people and I have an
abundance mentality where I want to share my knowledge and help other people
avoid mistakes and also help them maximize their profits so if I can help
them do that then I'm glad to share my knowledge and
I'm glad to help them and I don't have this mentality because it's completely
not true where if I win then they lose. Like we can all win all of us. If I
multiply the number of students that I have by a thousand my trading results
will not change at all because the volume, the incremental volume, that we
have from our students with our students it doesn't do anything for a
large contract for a larger underlying like Amazon Facebook
Lockheed Martin Raytheon you know Visa MasterCard etc it just doesn't matter
and also the other reason is you really need to learn from experience so
you can have all of my knowledge but unless you actually perfect the skill
and you learn from your mistakes you're not going to make money. So I really
recommend that I really enjoy teaching people because it helps them reflect
back on themselves and improve themselves and also mitigate their
future mistakes so you really need when you trade options to to give in and to
defeat the "greed mentality" because you're gonna win 90 to 95 percent of
your trades but you have to make sure that you close out the positions early
and that's something that you can only learn with practice because everybody
thinks that they're special everyone thinks that the rules don't apply to
them that's why everyone thinks that they're gonna make money day trading but
I would lose money day trading I would lose money swing trading I would lose
money with Penny Stocks and I don't have like I have no problem admitting that
because it's the complete truth like I would lose all my money because none of
these fake gurus would make money when they day trade or trade penny stocks or
swing trade they don't that's why they trade fake accounts but you really have
to learn from experience and I enjoy sharing my knowledge and building a
community and to recap the reasons why I trade are: I enjoy helping others, trading a
solitaire so it builds a community, I like making videos, I enjoy the money and
the money is consistent, teaching actually makes me a better trader, I do
have an ego, like I said I enjoy building the community, I like my
students and I have an abundance mindset where it actually makes me feel good to
be of service and to help other people. So you know that's why I
teach and if you want to believe me great, if not totally cool like go watch
someone else's video but in any case please like comment share and subscribe
and to this channel if you have any questions you can leave a comment below
I try to answer every single comment and you can also go to BestStockStrategy.com
and enter in your email address and receive $400 worth of free trading
materials and if you have any questions I'm here to help you thank you