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#363 - Losing $250,000 💵📈

• Benja Welldone • Episode 363

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A quarter-million dollars slipped through my fingers, and oddly enough, I'm grateful for it. When Newsmax went public, I had planned to invest $10,000 at the initial $10 per share price. Just 48 hours later, those shares hit $250 each – a potential $250,000 windfall lost because I was "too busy." Yet this missed opportunity became the catalyst for my renewed commitment to stock trading.

• The stock price of Newsmax rose from $10 to $250 per share in just two days
• Our education system fails to teach crucial financial literacy skills like stock market investing
• Understanding candlestick charts is like learning a language that can help you make money
• Platforms like TD Ameritrade's Thinkorswim offer paper trading to practice without risk
• Anyone can potentially start with just $1,000 and grow it substantially through consistent trading
• Making small, regular profits can eventually provide enough income to live on
• Taking control of your investments puts your financial future in your own hands

Check me out for more insights on financial independence and personal growth.

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Speaker 1:

So if you're not interested in money and that kind of seems silly to say, but maybe true or finances or stock market stuff, just stop listening, because that's exactly what this is about, alright. So here's the thing. There is a news company like Fox and CNN, whatever called Newsmax Newsmax, and a couple months or so ago they went public. So that pretty much means that they had private stock. They were going to go on the uh in the public sector so that people could financially invest in them. Hypothetically, if you would have taken $10,000 and invested it in this new company which I was going to do, so I didn't really lose it, but anyway, which I was going to do um, in two days it went from $10 a share to 250. So, hypothetically, if I would have taken $10,000, as I intended to, okay, um, by day two, by day two, my investment would have gone to $250,000. I didn't do that, I was busy. I just I had other things going on and I was underestimating my profit margin and that was one of the best losses that I ever had. And here's the reason why I didn't make a dollar of it, why I got in too late. Now, before you freak out too much, um, how much does it suck a lot, but I gained a thousand percent back here. Here what I'm saying uh, as far as learning and opportunity goes, not as far as financially goes, but as far as um learning how to be smarter with my money. Now, after that $250, uh dollar per share from $10 a share, uh price increase the very next day it went back and went it like tanked and went down like 20. And right now it's like at 23. But anyway, point is is that I actually studied the stock market and how to do this for years and then I did something called paper trading. My platform is TD Ameritrade, charles Schwab. I have the. It's called Thinkorswim. It's a. It's a platform used which I really like. It's really user and learner friendly to be able to look at stocks and invest money and stuff.

Speaker 1:

But the craziest part about all this is actually twofold. Number one it's insane that in public school you're never taught about the stock market, how to balance a checkbook, how to even write a check. It's insane. And this whole world exists of ones and zeros that your whole life and feeding yourself and everything depends on, and school never prepares you for it. You know, you don't need a bachelor's degree. You don't need a master's degree, you don't need to do any of this. You just need to learn how to read something called candlesticks. Candlesticks is a representation of an interval of time. It could be five minutes, could be five years, and you can choose what interval. When you're looking at a chart, how price is moving up or down in the course of a day, that's pretty much what it is. But if you just learn how to read those charts in the stock market, it becomes a language, and the more that you read books, it's no different than reading a financial chart, and then you can just really start to make money.

Speaker 1:

Now, when I lost that opportunity of having 250 000 gain in one trade actually it would have been one trade over the course of like a second day um, who knows, maybe I would have uh got a little too excited and uh? Um held on to it only for one day. Or maybe I held on it after that second day and the next day it dropped and I wouldn't have got all that 250. But the point is I had the potential of making $250,000 with a $10,000 investment. Um and uh, cause the price went up from $10 a share to 250. Multiply, multiply 250 by 10,000, that's $250,000. So it's huge. It would have been great, but again, that didn't happen. But what I did learn is is now I'm just taking it more seriously again Now when our last president was president, the financial sector was in a disarray.

Speaker 1:

It was a lot of downtrends, it was not good for trading and, whether you like Donald or not, he is really doing a lot to um, give you the, the consumer or the saver, depending on what you do with your money to, uh, to invest or to save or just to make more money, like this whole thing on no tax, on tips, no tax and overtime, all sorts of stuff that helps you out Right In the exact way. If you um I don't like calling it playing the stock market, that sounds weird but, um, if you read these charts on a stock market when a company opens up and again, this, this little episode isn't going to be about, um, how to do it and stuff like that, but it's really just. It's really just um kind of like a note to self for me and for you, the listener, to say get into the stock market and learn how to read these charts. There's different strategies as far as how to make a profit and, um, none of it's illegal and you don't need to get a bachelor's degree for it. Um, if I could press, we rewind and, uh, you know, start learning about the stock market and stuff earlier.

Speaker 1:

I would, because the thing is like a lot of things in life, it's not, it's not brought to you, you have to come to it, you have to go to it, right, and it's very strange. It's very, very strange. You don't ever learn about this stuff, but it exists all around. You've seen it in films, you hear people talking about it. You see, there's a whole street, wall Street. You know what I mean? In New York, you always hear about stockbrokers and stuff. What does that even mean? Most people have no clue, but they always hear it.

Speaker 1:

Well, it just basically means that you, as a private investor, investing in yourself, no different than you would, in your time and your physical health and your energy and stuff like that have the opportunity every single, every single day, to invest money in someone else's company, to take a profit that day or that week, whenever you decide to take your money out of that stock, and then it goes back into your general fund. Your general call to checking account, for lack of better words. Okay and um, you can make a lifestyle out of it. You can. You can buy your groceries with it, you can do all sorts of stuff, all right, but you got to have enough money to be able to live off of.

Speaker 1:

I guess it's all hypothetical. I mean, it's true, but it's hypothetical. Like, think of it like this, true, but it's hypothetical. Like, think of it like this. Think of how much money you would want to live off of me. Uh, meaning, like, in a year, if you wanted to have a hundred thousand dollars salary, you could be working at a fast food place and investing in the stock market. You could start with a thousand dollars.

Speaker 1:

Okay and um, you could just learn how to do it. And there's something called paper, paper trading, which you can actually not lose money in. It's basically like a way of being able to give yourself however much money you want to learn the process. And with TD Ameritrade, with the platform, with Thinkorswim, media merit trade, with the platform, with thinkorswim, okay, you can mess up a thousand times and you can learn, so you don't actually use real money. And then, when you're ready, you can make a thousand dollars, even working at a fast food place turn into $20,000 in the course of a year, and then the next year that 20,000 could turn into $100,000. Just by doing the exact thing over and over again. The difference is 10% of a small number and 10% of a big number is still 10%. So if you're always just adding a little bit to your wealth but you're drawing from a bigger total every time you invest, okay, your percentage might not change of your profit, but the dollar amount will.

Speaker 1:

And at some point, when you start to have so much money in your account, you can actually start to say you know what I want to make this into a living. But remember, whatever you take out of your account, if you were to live off of that, you have to replace it with new money to continue to live. So you can still make it into a job. You can just make it into a job that you're in control. It can be remote. And if you had $50,000 in your checking account, if you make a $500 profit that day, technically that means your account went from $50,000 to $50,500. And as long as you keep a certain balance in your account and you go above that balance, you can always draw from that and live off of. Could you live off of $500 a day? A lot of people could, so I hope you all have a beautiful day.

Speaker 1:

This was a big moment in my existence right To get back into something that I dedicated so much time and effort to and uh, now I'm back to doing it again and now I'm making profits and, um, I really really like it. It just gives me time to make money, to, uh, to invest and to really put my knowledge and my future in my own hands and not in a 401k or a Roth or IRA or stuff like that. Whatever it means, right? So, anyway, this is a little bit of a rant, a pretty good story, which inspired me to get back into it full swing ever since the last presidential administration, and I will always not just necessarily remember losing the potential of gaining $250,000, but also the bigger point, which is never letting it happen again and always making much more than that amount from now on, just by being consistent, small profits every single day equal up to a bigger sum. Total. I'm Benja. Well done, check me out, peace.

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