It was easy street today while riding $VIMC but WOW did we hit a brick wall at $4.30.
Thankfully subscribers are learning because as Joshua Rolon of Oregon emailed us saying “I’m playing the spread”.
A huge congrats to those who have applied our techniques and couldn’t be happier because although exiting it today was a bit safe it still locked in amazing profits!
Spreads are a term heard by many but understood by few. In a nutshell it comes down to supply and demand. Bid is what buyers are willing to pay for it, and Ask is what sellers are willing to take for it. BUT there’s that happy medium/middle.
Taking advantage of that HUGE spread of $.20 per share was how people made great profits because you see, as much Mumbo Jumbo Wall Street Jargon exists; it’s the ask price that will realize profits regardless, if there’s enough traction the “savvy” traders will bid low waiting on an dip (quick rapid drop in price) to secure their buy in at a lower price than anyone else. And the Ask is what people will pay at Market (by the second current price) and again where there’s great traction……a lot of people will jump in and buy at ask.
Congrats to those who jumped in before we even had time to today and have an amazing week!
Go Be A Maven
This one had come up just about as much as the question “what’s a maven?”
The truth is that it’s a lot easier than many (or you) would have believed. We actively love and use SureTrader as a go to for finding shares to short.
For those who already know what shorting is, kudos. Read along anyway we can’t all be perfect (except maybe for Leonardo Dicaprio and Adriana Lima you handsome beautiful devils).
What is shorting a stock? It’s betting and trading against the grain essentially. Instead of hoping, praying and crossing your fingers that the stock goes up, you’re grasping your lucky (insert here) betting that it’ll fall in price. You borrow (borrow) shares from a brokerage.
Once the price falls you close out your position (cover) and keep the difference. First things first is that your said brokerage has to have the shares available to short in the first place. And how you find that out is for example Suretrader will display it as an available option viewable from your “action” menu (includes actions like buy, sell, limit buy etc). You can set electronically controlled commands such as covering at a given price or what’s known as a trailing stop in which it follows your commands before actually covering first. We do not use these but if you’re uncomfortable and not too adept YET make use of it. (Aka covering your six)
Keep in mind that there are very little brokerages that will have shares a lot of the time we like to visit SureTrader and Interactive Brokers for those hard to find gems. Higher priced stocks can be more easily available from more traditional brokerages such as TD Ameritrade.
Let us know how you find the trading platform features and tools.
Go Be A Maven
HOW ABOUT THAT WEEK
As our free trial comes to a close we are not only thankful for those who are staying on as members but also are left with incredible insight as to how powerful real life perseverance and peer to peer engagement can really be.
Our introductory email explained that we didn’t want for them to actually jump in and trade just like that (there was a method to our madness).
We stressed how it was favorable that they learn first and do what’s called “paper trading” first (practice trading without real money that can be done on an excel spreadsheet or a book or even online via td Ameritrade).
While there were some whom were more experienced than others (8 of them went on to make a combined total of $10k in profits!).Our ultimate goal was to offer the trial not only as a means to show how so many of you can truly learn to make real money but most importantly as a means to begin learning about this often misconstrued business AND without having to pay those crazy prices charged by people who simply repeat textbook crap and charger hundreds of dollars. (One member told us he paid $500 for a “course” that upon further examination was a regurgitation of Day Trading for Dummies book available online……you just can’t make this stuff up).
We tried our absolute best to actively respond to everyone who reached out with questions and feedback, integrating some of that content into their daily watchlists. In total there were 12 groups comprised of roughly 10-15 people and we wanted to say thank you to everyone who came and learned and even those who profited!
We want you all to know that we will put your feedback into action and that we will be growing once again. For example; It became evident that there was need to archive some of our articles and have them readily available in a more efficient manner for you guys so look out for that as well.
We are also saying thank you to those who signed up via the free trial with a thank you in the form of 20% off of your yearly membership. There is nothing you guys need to do on your part we have already applied the discount and you’ll see the price adjustments shortly.
For new members to be eligible you’d have to email us with the phrase “BeAMaven” to qualify.
Congratulations again to everyone, it’s going to be an amazing year ahead!
Go Be A Maven
For all of our subscribers and all of you whom visit this site we WANT you to push, push your talents forward.
This week Katriel Calderon was introduced to this wonderful place named Spa Castle in College Point, Queens by Sahara restaurant owner John Serpin.
For two days this became wonderful home away from home and home office. Once you’ve established a great system, let it take it’s course and get creative with your days. It makes the experience of worrying about every aspect of your business so much more rewarding.
Go Be A Maven
For the average joe there’s the realization. Once you’ve begun the process of launching the next big thing, that revolutionary product that will change the way an industry works and put food on the table at the same time.
Now imagine you’re a Veteran of the Armed Forces as Co Founder Katriel Calderon was; you’d probably feel secure and committed seeing all the programs that are touted by banks and organizations expressing their desire to help those who defended our country start a new life as a civilian.
Truth is it’s a lot harder than it’s portrayed in all of those brochures and pamphlets.
there was an abundance of programs strutted by banks eveuwhere but they were all farces
Check out this AMAZING article featuring co founder Katriel Calderon over at Business Week Daily
Article featuring Maven Katriel Calderon
Any Veterans out there starting their own businesses? Chime in!
Go Be A Maven
What’s better than freedom?
As those whom risked it all for a piece of freedom and nirvana there are so many today who are starting their own paths towards realizing their true potential.
Starting tomorrow in honor of Presidents’ Day we are offering all of our followers on Instagram And Twitter and Tumblr a limited time only free trial for our Stock Maven monthly subscription (you asked we listened!) for one week.
So for those that messaged us with questions concerns etc here’s your answer.
Simply email us at email@example.com with keyword “BeAMaven” to enroll.
Thank you all for your support and congratulations to all of you who have been making amazing profits since joining!
Go Be A Maven