okay guys so oops let's go back so let's talk about um let's talk about options trading options trading 101 um so and no cheyana you'll just get access to the live trading that we do but not like the actual Discord role and everything thank you so much Jamila I'm really happy that one person likes this PowerPoint that I've done okay so we are talking about option is trading with Sierra so first let's talk before we even get into trading let's talk about the stock market so the stock market is where um companies are publicly traded so a lot of you guys may be familiar with the stock market how many people in here have been on Robin Hood or how many people in here have like bought a stock or you know something like that has anyone in does anyone in here have stocks currently like a long-term portfolio so when you have stocks it's considered a long-term portfolio so what's the difference between actively trading and then actually um I'm sorry buying a stock and actively trading is when you buy a stock you can hold that stock until you transition on to the next life whatever you believe in happens to you right when you are actively trading you have an expiration so that's the difference between trading and buying a stock so I do believe that buying a stock is really really helpful because obviously it's good to have money invested for the long term but actively trading day trading which is what we do here I feel like brings you a better return in a shorter time frame now granted let's say you buy some shares of apple or something and you hold them for let's say a year or two and now you've have good Returns versus with trading you're going to see those returns in a day if you take the right trade so that's kind of the difference between buying a stock and then actually trading So when you buy shares of a stock the other difference is that you can only profit when the stock goes up from where you bought in when you're trading options you can make money whether the market goes up or down which is my favorite thing about trading because I do say all the time if the market does crash I'm a millionaire I'm deleting the Discord no one's ever hearing me super millionaire let me rephrase because you know I'm proud of myself anyways um yeah so that's my favorite thing about trading options is that we can make money whether the market is going up or whether it's going down so a lot of times people in my family or friends will ask me they'll be like hey Sierra I know you do stocks I heard the market was going down are you losing all your money no actually I just bought six houses and three Yachts because Market went down and we can bet on that and make money so again my favorite thing is the be the ability to make money up or down also the stock market is open from 8:30 a.m. I didn't put a.m. on there but we can just do our deductive reasoning 8:30 a.m. to 3pm. central time now you should be able to kind of tailor it to whatever time frame it is so like I know when I lived in California I was on Pacific Time so the market opened around 6:30 closed around 1 if you're on Eastern Time Zone it's 9:30 to 4 if I'm not mistaken and so you can only trade Within These hours and these parameters so like a lot of times people will be like hey you know I'm not sure when to trade within those hours however while the market is technically open all day long the most volatile time to trade is when the Market opens the first hour I personally like to be done in the first 30 minutes of the day after that I'm not considering it I'm not thinking about it like when y'all when y'all watch me trade live has anyone in here been in a live trading with me before I be in and out okay I be in the trade out the trade I be in the trade five minutes max really um and I go on about my day yes this morning we made $35 today um we could have made 75 for those who don't know I am starting a small account challenge so I took all the money in my account down to $1,000 so we can see what we can do with $1,000 so we made 35 today lost a good bit but it's fine fine it's fine you know we you win some you lose some anyways um yeah so if you guys ever do watch me live trade I am in and out of my Trad SO trading is not something that you need to give a lot of time to actively trading now all of the trading or all of the time that you guys are going to put into learning how to trade is going to come from Trading education so learning actually how to do it because the trading itself does not take long people always ask me hey like I work at 9 to5 or I have school like how much time am I going to dedicate dedicate every day it's not about actually trading it's about learning how to trade it's a that time Dedication that you put in to learn how to trade you can learn how to trade in a month you could learn in two weeks you could learn in six months it just depends on you your diligence and how much time you're putting in and also how you learn but trading itself is not going to take that much time out of your day so for those of you guys who are like hey like I have school I have whatever you can still trade in the mornings and be just fine um it's just the time that you do have free consider spending looking at charts learning analysis learning the market so that way when it is time to trade you can look at a chart and just be good okay any questions so far about anything that I've said do I talk fast you know what's so funny y'all my first mentorship everyone was like you talk so fast I was like oh well I don't know what to tell y'all but um yeah thanks I'm unique I I really appreciate the support okay so let's go down here what are we trading specifically so we are trading contracts which is a lot different than buying actual shares of a stock so when we trade options we buy contracts and one contract and options allows you to buy and sell the equivalent of 100 shares of a stock however it is not priced like 100 shares of a stocks for example one contract on let's say Tesla may run you $400 $500 for one contract but if you were to buy a hundred shares of that one share of Tesla is like what is Tesla trading at right now let's just say $300 I don't think it is but that would be 300 time 100 the reason that we are able to buy and sell the equivalent of 100 shares is because contracts have expirations we can't hold them for forever and ever so they may have a weekly expiration a monthly a yearly a daily we are day trading so our expirations are going to be between daily expirations and weekly expirations on our contracts but again we are also day trading so we are buying and selling usually within the same day so the expiration is not that pertinent as far as weekly daily yearly whatever so we are also buying calls and puts so when we are trading a call means the stock is going to go up a put means the stock is going to go down that's it it's all you need to know don't worry about anything else no technicalities a call means it's going to go up and a put means it's going to go down so let's say the way that you would trade is let's say you look at a chart right and because of whatever you've analyzed whatever the candlesticks look like whatever the expiration shows not sorry expiration pattern show you whatever you're going to be like okay I think the Market's going to go down so you're going to take a put position by contract for a put it goes down you make money everything's great same thing with the call you see things going to go up you buy a call it goes up you make money whatever that's the whole thing to it when it comes to picking the right expiration date you have to consider what you're doing that's a really good question Mick so if you are day trading the earliest expiration is is fine so for example if you're trading Tesla and you're buying and selling it within the same day you can go buy the nearest expiration which will be a weekly um but if you're going to swing trade so swing trading you guys is when you are holding a trade overnight or maybe even for a few days or even for a few weeks so you have to give your um contract time to run so let's say you enter into a trade and you know you want to hold it for at least two weeks buy an expiration for three weeks out to kind of give yourself time if that makes sense but if you're day trading like we teach here your expiration does not really matter it should just be the closest and nearest expiration are we all on the same page so far y'all are we all here we're all locked in any questions so far are we scared yet okay cool good to know that we are all on the same page so going down so how would you even know what to pick again there is no such thing you guys as a correct contract you pick the contract that best fits your account size and so when I say account size that just means how much money you have in your account and there are three different types of contracts you pick the expiration date before you enter the trade Sharon so when you are entering and you have your platform pulled up so that's what we're going to go over next week is actually analyzing entering exiting and then what contracts to pick next week um you guys will probably be able to better understand what I mean when I say that your contract doesn't really matter it just happens to go with what your account size is um if you have a larger account size you say there's a better chance in seeing profit so we'll talk about that a little bit more later but no the reason it's okay let me let me rephrase this no and yes if you have a larger account size you have a higher chance of seeing higher profits um but it doesn't increase your chance of seeing profit so I have a whole slide that explained this but trading is about percentages right so you can still profit on a small account but if you and I take the same trade again and if you only put in $100 and I put in 10,000 and we both have a 50% profit return on our trade 50% of your 100 is only $50 and 50% of my $10,000 is $5,000 so even though we took the same trades same entry and exit um I ended up making more why because I put in more so it's not that if you have more money you have a higher chance of seeing profit it's just naturally your profits going to be higher I hope that makes um a little bit of sense but there are three types of contracts um which I guess this will make a little bit more sense next week when we actually go over um the platform so you can see it but there's at the money out the money and in the money contracts so an at the money contract is just the next to be pick so again next week when we look at our platforms together we'll be able to see the at the money contract is going to be underneath a dotted line it's a whole thing don't worry about it right now don't stress um an out the money contract is any contract that is further down the line on your trading platform your out the money contracts are less expensive they're less risky but there's also less profit being able to be made off of those contracts so you pick whatever fits you once your contract reaches its strike price then it is now in the money you're making money you can now afford to pay your rent feed your dog get your hair done whatever you want to do you can now do that now that your contract is in the money the best time to enter a trade depends on what you're using to trade Reagan so there's so many different strategies you guys can use in order to figure out where am I entering and why so depending on what you're using that's going to determine the best time to enter into a trade so once we go into chart analysis and strategies you'll be able to see what the best entry is depending on what strategy so when I say strategy you guys what I mean by that is when you trade we are looking at a chart right we are looking at candlesticks we're looking at a chart and so that's what's going to tell you what's going to happen in the market so later on in the zoom I think like a slide a few slides down we're going to look on trading View and we're going to look at a chart um and kind of talk about some of the tools that you'll look at to trade and then I'll kind of explain to you what I mean um by all of this and so yes that's when you would make a trading plan a trading plan is going to help you regardless of what strategy um so let's talk about what you need so for platforms you need a broker account need a broker you cannot trade without a broker account at all so you could either use for example you could use Weeble you could use Schwab which used to be TDM Merit trade you can still sign up for a TDM Mar trade account but it's switching over to Charles Schwab in the new year so my suggestion is just make a Schwab account so that way you don't have to deal with the merger or if you guys are international you would use interactive brokers is anybody in here an international person like is anyone in here not it won't let you sign up okay so just Schwab then so yeah just make a a Schwab account um will you discuss taxes I can not today but I can yeah I can um do you have to put money in your account to start your broker account no so when you make your broker account you're not going to have money in it at all obviously I don't know I know with TDM Mar trade you needed at least like um I think it was like $50 to have um real time data to trade with I don't know if Schwab is the same um but you you don't need to have money in the account to start and I'll talk about that a little bit more later So for anybody in here who is international again interactive brokers is going to be your friend it depends Gloria if your bank offers options trading you can see I don't know a lot of banks that do though um so yeah if you guys do have a TDM Merit trade account and you're wondering if your TDM Merit trade will switch over to Schwab that's a lot of almost spit there um so oh Sofi does trading but they don't allow cash accounts so that's something that I'll get into probably next week so you can trade with Sofi but um they don't have cash accounts so again so for those who do have TDM trade right you should check your message center if you go to tdameritrade.com and find your messages it should tell you when your account is going to switch over so your account should switch over at a certain date so if you look at the website on TDM Merit trade they did not switch over all the accounts at one time just to prevent I don't know whatever on their end so everyone's account is switching at different times so like I still have TDM trade um so I would look at your message Center and see when it's going to switch over um you can trade on Robin Hood I hate Robin Hood thumbs down but if you really want to if it makes you feel better about yourself you can um yeah it's it's up to you guys so as if y'all can enter an exit a trade and if you like the platform y'all I'm not gonna beat y'all up about it okay I'm not gonna come through the screen and hit y'all so if you like Robin Hood you can use it if you like Sofi you can use it if you like Weeble you can use it I trade off of thinker swim which is attached to TDM trade Schwab um and so that's what I teach on so in my classes and stuff I will teach using that platform and that platform only just because that's the one I use but the other platforms are similar it's just their interface may look different different colors different sizes but it's all the same exact thing um I'm not entirely sure about Vanguard Morgan so or Fidelity is there a specific account we should open yes you are and please listen you guys are going to need a tier two cash account okay a tier 2 cash account is what you're going to need in order to to um be able to trade and so yes Michelle I am the options admin the head of options I guess that sounds kind of cool head of options um so yeah everything I'm teaching today is pertinent to options trading if I get when I get into actual charting that can help you with Futures so with Futures guys for everyone who is interested in trading Futures at the end of the day a chart is a chart um so if you guys learn how to chart from me or jayen or Wall Street or Rico or some off YouTube you should be able to use that same strategy in any Market that you trade the only thing that will change is how you enter or the broker that you will use but if you know how to chart and if you know how to actually analyze something you can trade whatever market and you should be fine um would you reckon to have more than one brokerage account no not really um in Allison I want to do a zoom on Schwab once I switch over and I'm like fully integrated with the platform I want to do a zoom cuz I know we're all going to be new to it so I kind of want to make sure we're on the same page um it take a large percentage when you deposit it in your regular bank account no if you wire it it's like a $15 fee but if you do a regular a transfer then they don't take any fees out at all to get approved for a tier two there is currently a video in the Discord I believe it's in the platforms tab it'll tell you how to get approved for a tier 2 account when buying a cont contract are you picking the percentage of money you are trying to make no how do you determine the amount of money you are willing to risk so you don't blow your whole account so that's a good question Angela when you are trading the percentage is what the Market's going to give you so for example I could enter a trade and be like I want to make a 100% but if the stock only moves 10 cents I'm not making 100% um so your risk should be relative to how much you are okay losing now the textbook way when it comes to risk is I would say either a 1010 rule or a 2020 rule so for example let's say you have $1,000 you should risk 10% of your account or 20% of your account if you're feeling a little risky and then of that risk 10% or 20% so again if you have let's say you have $1,000 right and you're risking 10% so you're going to put $100 into the trade you're putting up 100 but your stop loss which your which your risking is going to be 10% of the 10% so you're only risking $10 does that make sense like if you put in let's say you're using 20% because you want to be a little bit riskier $1,000 you put in $200 and of the 200 you're only risking 20% now granted if you want to risk more and put up more that's you I will never tell you to do that that's not my financial advice um but yeah so you have to be diligent about this so that way you don't get up there and risk your whole account and lose everything because I see a lot of people who do put their whole accounts into the trades and they're like you know what hey hey I'm trying to do this and flip this account and they lose everything because they don't have proper risk management or a proper stop loss you need proper risk management or you will lose all of your money trying to be greedy greed kills Traders it does um how do you know if your account is tier two so if you want you can call them and ask them and so if they tell you that your account is not a tier two ask them on the phone if they can upgrade your account if they tell you that they can't ask them specifically why they'll tell you what reasons why they'll tell you your this wasn't there or whatever you put on your application reapply for a new account um and then put the correct information in there so yeah do you want us to go ahead and create these accounts prior to mentorship if you are in mentorship on January 1st I'm going to give you guys video modules there's going to be like five to 10 of them um explaining everything you're going to need for mentorship all the basine Des information that you guys should know you guys will have about 2ish two and a half weeks to go over that information before we get straight into learning so if you want to create them now you can if not you can wait till January when we have everything in order um yeah so Nia I did hear the video and Charles Schwab set up is different once I switch over I'll better be able to help you um figure everything out this is being recorded before watching the video I'm so sorry so yeah any other questions any other questions at all are we still able to sign up for membership after January 1st so membership and mentorship are two different things I know they sound really similar similar um so mentorship is we start the modules January 1st we start learning on the 15th mentorship that's just personal mentorship with myself if if you want to come learn from me in six weeks um then you can the reason people will take mentorship is because they want to learn at an accelerated prate and whatever just learn from me membership that's Crystal membership that's where we have myself and our other three admins we all do zooms every week even daily I live trade every day for options Jaden live trades every day for futures we have pre-market analysis we have trading Recaps we have education we have everything over there that is Mentor or membership and yeah mentorship is a six week class so for example like my last few rounds I had people after two or three weeks they were confident enough to trade or had already made their mentorship feedback trading some people it takes them 10 weeks some people it takes them eight weeks so there's no gauge on how it's really up to you how fast you learn and how serious you take it both of them are beginner friendly we are geared towards beginners at Crystal Academy oh that sounds so cool I feel like I have a real business at Crystal Academy anyways um yeah at Crystal Academy we are um we are beginner friendly because we know a lot of people are not really familiar with the trading industry now granted we do get people who come in here have who have been trading but let's be honest here most of y'all did not know what options trading was two weeks ago or whatever the case may be options trading while yes it has can help everybody and it's helpful it's just I I personally don't feel like it's something that everybody knows about or everybody is like yeah I'm about to go learn you know how to trade options um but I love it I love what I do you can start with $50 Walker um you would just have to find a stock cheap enough to trade so um what's difference with tier two and the others with tier 2 cash account you won't get flags so if you don't have a tier 2 account we have what's called PDT PDT stands for pattern day trading so if you take more than three day trades in a week they will flag your account and shut it down that's why you need a cash account so that way you can take unlimited trades every week that's the difference between the two that's a mouthful I need some water okay oh that's actually really helpful Maya I'm G take a picture of that in case anybody ever asks H H okay creating an LLC for trading so when you create your LLC Rhea you're not going to create it for trading um me personally my LLC is filed under something different and then I just pay my profits out to that LLC mentorship starts January 1st um how much money do you recommend to start with 500 to 1,000 we'll talk about that later on in the slides if I cannot join before January 1st for mentorship when will be the next one April May March something um so we start the first cheyana um we start the First with the modules and then we start live classes on the 15th so the modules are just like our setup how to set up your account Basics and everything because my last four mentorship rounds in the beginning those first that first week going over the basics took a minutes so I'm like if we could just all start from the same base level of knowledge then we should just be able to flow through mentorship is $500 okay let's scroll down a bit um are the students from the previous rounds able to be profitable in six weeks some are profitable in about two or three or would I have to add another mentorship you shouldn't have to add another mentorship unless you want to if you take mentorship and after six weeks you feel like you want to start again um then you can just take the next mentorship round whenever I have it I won't charge you I don't charge people to free take mentorship at all so you can take mentorship as many times as you want if you feel like you didn't get it but um yeah the six weeks start start on the 15th wait didn't you change that was Jaden Jaden changed his date because of surgery not I but um yeah okay so trading view is what you are going to chart on and charting is the majority of trading so let me stop sharing for a second so I can open up my screen and we can look at trading view together so everybody in here if you guys are going to want to trade you're going to need trading view when you go to the home screen it's going to look like this so this is trading view this is what you're actually going to chart on do everything that you need to do on so my suggestion to you guys is to do the free trial um just because the free trial it's going to save you 30 days of having to pay I personally have the plus plan the essential plan is just fine it just depends on what you were doing or whatever now if you guys are taking mentorship with me I would suggest not starting your free trial until the 15th um just so that way you have 30 days from when we start to not pay for your trading view if that makes sense so again if you guys are signed up for mentorship with me please don't sign up for your trial until the 15th when we start so that way you're not wasting time and not utilizing it I have the plus plan yeah what if I did I might have to I might have to do do something about it so but yeah so again that's my suggestion but if you guys want to start learning go ahead and do that again I have this plan so trading view is everything for Traders you cannot take a trade without looking at a chart unless you just think that you're him and if that's the case I promise you the market is really going to Humble you it really is because if you're not looking at a chart if you don't know what the market is actually doing you're you're done like I'm sorry like the nice way possible you're done for for example my charts look like this so let's actually go here um let's delete this I took the colors off my charts so when you guys sign up your charts are going to be red and green obviously green is going to be the ones going up red will be the ones going down I took the colors off my chart because I feel like seeing red all the time is really nervous racking seeing a stock just go down in Red so I took my colors off but this is trading view so everyone who in is in here who is looking to trade um you can chart on thinker swim I don't though but you can chart on thinker swim um so yeah this is a chart you guys this is going to be your best friend when it comes to trading you are going to need to know everything about this chart okay you're going to need to know when it's going to go up when it's going to go down what this Candlestick means every single line here is a Candlestick and that's what we are going to teach you here in Crystal Academy and if you take mentorship with me that's what I will be teaching you guys in depth how to read a chart and Candlestick analysis that's it that's that's literally all thank you so much Deb um that is all that trading is so me personally what I do is I chart on my computer and I enter trades on on my phone so I have my thinker swim on my phone that's the app that I actually trade on and then I do the charting on my computer so I always suggest people have a device like an iPad a computer microwave Nintendo switch whatever you use to actually chart on and then enter the trades on your phone my suggestion is to trade on your phone it's the easiest way muscle memory and everything I think you should just be trading on your phone and then charting on your separate device um so yeah an iPad is just fine and so um Toby I feel like when you are trading with Schwab and T trade that's your brokerage account that's what you're actually actively entering a trade um and then you're using this to chart so it's two different things yes you can see charts but you aren't going to be able to see a chart and enter a trade at the same time so think or Swim on your phone Bailey is connected to your broker account so think of it as like your thinker swim that's what you're entering the trade on it's funded by your broker account it's connected to it it's essentially the same thing um what time frame do you enter on it or does it vary for you one to five minute time frame um what do you suggest for someone who works a full-time 8 to five central who would like to get into trading I know you the Market opens at 8:30 it's the most volatile but I want to know if it's still worth it well after it opens my suggestion would either be one trade futures or two trade the last hour of the market that is considered Power Hour you can still take trades midday Allison you're just going to be in your trades for a little bit longer so do you see how off the open right here we have bam we have all this movement right here significant candlesticks and then later on in the day we see how they get smaller a little closer together now granted you can take a trade and still be very profitable it's just going to take you a little a little bit more time so you see here it jumped up in a short time frame here whereas this whole entire uptrend took maybe from 11 all the way to three so that's why I like to trade the open so that way I don't have to be in a trade as long so it just depends on you and what your time schedule looks like um why don't you use Weeble I don't like Weeble um and they don't allow Market orders at all so yeah and if you don't have a market order run the risk of your trade not actually entering on time that's why I don't and won't use Weeble can you elaborate on the free debit card for Schwab so um I just found out like yesterday that Schwab has a debit card so if you open up a checking account with them I think you can connect it to your trading account so that way you can use your trading profits and like swipe your card I think that's kind of cool because with TDM Merit trade um I used to have to sit there and withdraw it wait for it to hit my account so I'm not too sure if this is true I know when I made my account yesterday I signed up and I got a card I haven't gotten the physical card yet so I think don't quote me it's connected to your trading account so yeah um what time are the live classes for mentorship they're three times a week probably it's going to be Monday Tuesday and Thursday um and then we have class in the morning at 10:00 a.m. Central and then we have evening class at 700 p.m. central you don't have to come to both classes I teach the exact same thing twice um so it kind of just works best for you if you want to come to both classes for clarity you can if you can only make mornings on Tuesdays and then evenings on Thursdays then do whatever all classes are always recorded and again there's two classes a day um you sign up for swab yesterday I made an account I haven't funded it so I have all I did was sign up for it and hope waiting to get approved for options um we you can stay on TD Jennifer until they kick you out so um can you repeat the hours 10: a. Central and 7 P.M Central so 10: and 7 we have a morning session and a night session again pick whichever one works best for you I teach the same thing twice classes are always recorded and so since mentorship since we have two weeks since from the modules opening up to the first live class um live classes are going to be about five weeks and then the last week will be a lot of review and we'll also have study sessions as well I'm leaving an extra time to do significant study sessions classes are usually about an hour I don't like to go over I have a life too um so usually it's about an hour maybe hour and a half um what happen to the money or TD account I'm going to move mine over I'm going to move mine over um so we have to reapply for an account or an existing account doesn't just transfer over so if you look in your messages on TD and marit trade Jennifer it should tell you when your move date is it should just switch over and you should just only have to create an ID I believe don't quote me I still haven't looked into it for real thank you so much who put the heart love you too um I have little to no experience in stocks what do I put when I have to apply you put that your experience they won to prove you if you don't have experience because trading is risky um it should be Monday Tuesday and Thursday you don't have any messages that's what it told me online it said you should have a message okay call them I don't work for TD Callum um so yeah do you have a waiting list for for mentorship we don't have the wait list anymore you can just sign up and pay for mentorship so that way you can be added to everything in the correct time um can you explain what the membership entails Crystal membership Crystal membership that's where we have all of our educational content over here we have for four admins who teach I live trade every day jayen live trades every day but Futures Wall Street does pre-market analysis so before the Market opens he'll talk about what stocks look good when did trade them how to trade them after the market is closed or I think it's yeah after Market's closed Rico will do trading recap so let's say you took a trade and you lost and you want to know why you'll come in the Recaps you'll tell him what you took when you took it we'll go over the chart he'll tell you what you could have did better or let's say you want to trade and you want to know how you could have did better on that one he can tell you that as well and we also what else we have in there zooms all of our past educational content I love the crystal community honestly we're going on Cruise in January are y'all coming on the cruise is anyone com on the cruise so excited um so yeah do you do live call outs yes so I'll send the call outs in the chat and then I'll also live trade them as well I'm out of breath difference between Futures and options there are two different markets um Futures Trading what's the there's a there's a good amount of differences did I upload I actually don't think I uploaded the zoom that Jaden and I did let me get that done tonight we actually did a zoom Jaden and I on the difference between options and future so I'm GNA upload that tonight I hope some of y'all came to it um so yeah we have a whole video on that oh thank you so much Jaden thank you so much um and yeah Kayla that's for that um is Forex the same thing Forex we don't use that word here okay we we don't use we don't use that word um no it's not the same thing um the cruise is only for mentorship and membership people yeah do you have a specific strategy that you use in teaching the mentorship I teach my strategy in the mentorship and then I also teach about four to five other different strategies so I don't just teach my own I teach all the strategies that I've ever used because you may not like my strategy you may not like the other ones I teach but I figure if I teach y'all at least four five six seven Concepts you'll find something you like and use it to trade so I don't just teach one thing in my mentorship I teach everything that I have learned so that way you can kind of pick what works when you take mentorship with me please don't expect to use every single thing that I teach you I'm going to teach you a plethora of Concepts so I want you guys to pick what works best for you don't try to use all of them on one time you're going to get so dizzy and so scared try to use 10 strategies on one chart pick one and stick to it um you have until the end of December until to join to mentorship I'm out of breath y'all okay what's the difference between 50 a month and 500 the $50 a month that is the crystal chat that's what I just explained we have the admins the zooms whatever $500 that's my mentorship I will teach you guys from A to Z from account setup all the way to being profitable how to read a chart how to take a trade when why Etc it's personal mentorship it's me holding your hand through being successful and trading in six weeks we will do a lot of learning we will spend a lot of time together you will see a lot of me for six weeks but um in the end I think it's worth it and if you guys want I also do one-on ones if you guys ask um so yeah but mentorship does not and membership are not the same thing they're two separate things R and Wall Street are the best they're my favorites um if you become a part of membership how can you be a part of the cruise um if you look in the crystal announcements tab you should see the Discord server with all the information for the cruise how to sign up for it the dates what everybody's doing Etc okay so let me switch a little bit because I realize we have to really go in depth with the platforms and I don't have the PowerPoint for that to say anyways so I get a lot of questions people are like I'm trying to be a millionaire too is that possible no no it is not just kidding okay so the good thing about the stock market is that there really isn't a ceiling however you have to be realistic you are not going to turn $100 into $1 million overnight you damn near probably aren't going to do it in two months two years it just depends on you as a person the best best way to success with trading is compounding your gains you can turn 500 into 750 750 into 1,000 1,00 to 1500 and so forth your gains from a small account are going to be small until they're not it's like a snowball effect so when you compound your gains on your account you gradually get a bigger account size now granted if you start with $10,000 you can turn 10,000 into 5,000 in one trade if you have core risk management sure but when it comes to trading you have to be realistic I have people who join the chat they're like hey I'm starting with $500 my goal is 100 Grand by March I'm like oh like you you might want to get that job because you're not going to turn $500 into 100K by March you can technically technically by the grace of God if he just had his favor and his hand upon you you could but you probably don't so um is 100k by August realistic it depends on what you start with it does now granted it like for me I started trading in March of 2021 it took me seven months to see $100,000 I started with 1,400 so from March to seven months that's around October November it was like seven eight months around October november-ish it took me that long from 14400 to get to 100K granted I started during Co it was a lot easier to trade then than it is now so I'm not going to say it's not realistic but I think you guys should look at trading as consistency you know what I mean think of it as if I can be consistently green every single day you know if I can be consistent in profiting every single day you're going to get there the biggest thing when it comes to trading is education and psychology because no matter how much money you guys have if you guys know how to trade if you guys know how to execute when you guys do get the money to actually put into your account you're going to be just fine like I said even if God forbid I start speaking in tongues God forbid that I lose all my money I would still be able to I believe get somewhere because I have the knowledge and I know how to trade so for those of you guys who are like I want to learn but I don't have the money to start right now still learn because when you get the money you'll be able to actually execute it's not about um it's not about how much money you can make or how much money you have it's about knowing how to execute because you can get lucky with trading the market goes up down maybe sideways I say this all the time so you can take a trade with no strategy no analysis get get lucky and make 100% in one trade you know what I mean but that doesn't make you a good Trader if you can't consistently do that if you can't be consistent with your profits you're not a good Trader in my opinion you're just not um would you recommend funded accounts I hate funded accounts okay I am not pro funded accounts but if you guys trade Futures by all means go get a funded account and knock yourself out with it the reason I don't like funded accounts is because a lot of people get them and don't have the knowledge they blow their accounts so they have to go pay more money to get another account and spend money by the time y'all spent all this money trying to pass challenges and get new accounts you could just put the money in a trading account and trade it yourself um I just hate funded accounts I just not a fan but you know whatever do them if you want to but yeah scrolling down so yeah this is what I was explaining earlier trading again again is about percentage so you take the same trade as me same entry and exit we will not make the same amount of money if I put in 1,000 if I and if you put in 1,000 and I put in 20,000 and we both make 25% we're going to have two different returns you shouldn't get overwhelmed or upset when you see how much money someone has made because you don't know what they put in how did you learn a lot of Twitter a lot of Twitter a lot of YouTube a lot of asking questions from other Traders um Futures can definitely be more affordable if that's where you're starting with with a funded account um I just don't like them but I know a lot of people love Futures because of the funded accounts I definitely think it's a great way to start if you see it fit I'm just that's just me um hypothetically speaking if you invested $10,000 to options could you make around 50 60k from it yes oh wait let me rephrase from one trade trade from one specific trade no not unless you trade earnings for example I traded earnings last year I put in $8,600 and I made $7,700 from an $8,600 input granted earnings only happens comes around four times a year um and it's Hit or Miss it's really risky you can lose everything it is the only thing in trading that is again gble earnings is when companies report their quarterly earnings and people kind of you know um gamble a little profit because the idea is the stock is supposed to push up so much you make so much money whatever earnings is scary it's really risky won't suggest it but technically technically technically you can um but on a dayto day you should not be thinking that I'm going to turn 10K into 50 in one trade it's not going to happen happen um it's just not what bank do you use to put your money I personally use Wells Fargo I also have an ax checking account um I also have Navy Federal um what else do I have Chase I have like every I have I got my bank account hacked at the beginning of the year and after that I was like okay maybe I should split my money up amongst accounts so um yeah I have about four of them um do you teach that as well when it comes around I will not te I will go over earnings and what they are and how you can trade them I will never advise you to trade earnings because again it is a gamble it is risky um and I'm just I'm not doing it I'm not so yeah um okay when people ask how much should I start with again for options trading my suggestion is about $500 to $1,000 however you can pay your trade so you can trade in real time with fake money to build up your confidence so if you want to learn how to trade but you're like hey I either don't have the money don't want to put in the money whatever you're doing with your money you don't have to sit there and put in money into your account you can paper trade and see how you would even do so for example let's say you know that you would start with $1,000 you put your paper account set to $1,000 and you trade with that to see can I even turn $1,000 into, 1500 before you go and put all of your money in there and end up homeless so yeah you would paper trade on thinker swim or whatever trading platform you would use to actually live trade I actually don't Emma not with options no do you need a broker account to paper trade yes you need a broker account you will paper trade on your broker account because bills are do now and not later exactly exactly okay that's the last slide I have um any other questions can you walk us through applying for a tier 2 cash account with no experience at all I can it's just not going to be today because I'm tired but I can I definitely can especially on Schwab we have to have a zoom and go over Schwab you should host an inperson class no I shouldn't um will we be meeting before January 15 um not live um January 15th will be our first live class I'm scared y'all to do an in-person class what if someone tries to rob me I'll have y'all know I'm exercising My Second Amendment right okay six times times okay I have about six I don't have six guns I'm lying whatever but um I I'm just scared I'm scared I don't know like everyone's like yeah you should do a you should do a in-person um session for what because everything is on the computer anyways what I'm G get on the computer y'all going huddle behind me no no um is there another round of mentorship after this December round or you mean January um there will be I just don't know when it'll be because I just I don't know I don't have a set date because I'm not last year I did them back toback I will not be doing them back to back this year um so yeah let's see I'm not entirely sure what you mean by your question Emma like is it something that you can just do like without thinking about it because it would be actively trading could you suggest a YouTube video for charting it depends on what strategy that you want to look into if you want to watch a video of me teaching I have a video of me teaching did I delete it no I couldn't have deleted it yeah I have a video of me going over chart analysis and supply and demand in the video education Tab and that's for free that's over in the regular side and for the first ever class on trading do you recommend Chris or your membership for more thorough learning my mentorship is going to be the most thorough but that's just because it's it's me um when is the next Zoom the next Zoom is going to be next week I can tell y right right now I haven't made the questions or the schedule yet but tired it should be Wednesday it should be Wednesday of next um whatever sorry y'all I just got a text from my mom um what YouTubers helped you learn I really like Carmine Rosado that's where I learned my supply and demand from I also really like the trading geek but people say that he was scamming but I I learned something so um yeah the 112 trade what's one2 trade is that is that what they were talking about wait what do you mean Deja by is it supposed to be three in total like for the the beginners series that I'm doing should be three oops I just texted it to Deja personally sorry let me put it in there I just spelled it out for y'all um I got proove for tier one covered option is that okay no call them and ask them to upgrade your account to tier two was this helpful for y'all like did you guys learn a thing or two okay okay okay like I've done something okay cool um when will the videos be able for us to watch on for the okay January 1 Giani those will be the modules can I full port my account you sure can if it makes you feel better you sure can not Financial advice though um is there a video yes in the platforms a tab and then Deja 100 for session next mentorship meeting for the people who were past mentees it's probably going to be the week before Christmas so next week but I'll let you guys know because I am traveling and I'm tired and I need to figure this out um do you have a video already on setting up our charts and trading view let me look Sonia I do but I yes I do I do so it's under the video education tab it's just called trading view setup the thumbnail just says TV setup should we open our accounts before mentorship or do you recommend waiting for you to guide us the first you can try if you want before um but all the guides will be up on the first because you have the first to the 15th to get everything set up so you have about two weeks just in case you don't get approved you can call them like you have time to figure everything out my suggestion is when everything opens up on the first just get on it just in case there's any mishaps or anything so yeah other question these are good questions guys am I a good teacher I was like to ask I get I get kind of scared like do I do I talk fast or are y'all getting it is it making sense or are we excited to learn for anybody in here who is trading are we excited to learn about trading are we like woo trading or we like oh this sucks it's not for me because it's definitely not for anybody you won't hurt my feelings personally but um yeah um yeah Robin that's for mentorship ten seven so I try I try to answer everybody Pam I do you know I don't have you know too many people isn't papay for trading I'm just trying to master when to enter and when to exit Okay what are you trading what are you using to trade strategy wise because that's going to affect it I've been waiting till May to enter your mentorship W you talk fast but it's so understandable I'll take it I'll take it um but your skin is glowing thank you so much it's actually this filter I have have on Zoom but I really appreciate it um the trading view video is under general education it's under the video education tab will you do Bible study so like I said in the beginning I'm gonna do Bible study tomorrow because I have to pack and I have a flight in the morning and I have to clean and I have to do this and that and God can't use me if I'm tired you know what let me let me rephrase God can always use me in his name but I won't let myself be used right now um are you uploading modules on the crystal membership Crystal membership we already have a lot of um videos on there I don't see the crystal Academy chat did you sign up for the crystal membership if you had if you didn't then you wouldn't see them mentorship and membership are two different things Arthur that video is in the platforms tab um and you will always have access to your packs classes the announcements tab it should just say crystal announcements if you can't see it um you may have one of your tabs like closed by accident so just tap the things just play around with it and you should be able to find it um exactly Pam can't pour from my empty cup my cup is dry dust right now tired um where are you going jamaer super excited super duper excited other questions other questions what are some strategies you recommend to use to master entering and exits I'm using support and resistance so if you're using support and resistance are you entering off of the rejection of the support or resistance level or you taking trades up to them because that's a whole different thing Bible study tomorrow I will let y'all know it just depends on what time I get done but I'm I'm estimating around like 8 Eastern time what kept you motivated when you first started learning how to trade um not wanting a job not wanting a job in all honesty you guys when I first started in I got really lucky this doesn't usually happen but I got lucky and I turned 1,400 into like 10 grand in a month um and then I didn't do that again make money at all I actually lost for like two months straight and usually I see a lot of people who lose and they they're like oh never mind trading's not for me I tried it for a little bit didn't work out whatever but I think when you start seeing money through the lens of what trading can do for you it kind of I think that is most motivating in and of itself for example if you guys are in the crystal chat you guys will watch me live trade I will sit here and I will make $1,000 in 30 seconds and it's like to have something that has the ability to do that that is motivating I could sit here and go lose $10,000 tomorrow God forbid but I could go lose $10,000 tomorrow and I'm still not going to quit because I know what it can do I have people who take my mentorship classes and they make $200 in a few minutes $300 in a few minutes and it's people who work nine to FES and they're like dude that's like my whole day Sal that's two days worth of work eight hours that they just made in a few minutes off of their phone so that is my most motivating factor because at the end of the day Financial Freedom is not about how much money you have it's about the time that you have to spend and live you know like I always say if you make six figures but you're working 12 hours a day you are working as someone who makes six figures you are not living as as somebody who makes six figures life is about having your time Financial Freedom equates to time again if you make 2,000 year $200,000 a year but you work 12 hours every day congratulations yes and I'm so proud of you you've made so much money but the goal is to live life is is meant to be lived there is so much this world has to offer so much to see I don't believe that we're just put on this Earth to just sit here and clock in clock out that Spencers for the rest of our life you know so yeah that's that's a motivating thing um it'll be on it'll be on live trading and then I'm gonna make a tab for it Deja I haven't made it yet but I'm going to make a tab so we can all follow along when you chart do you chart before Market opens or like before I chart right before Market opens so yeah see how do I respond to will you teach us steps for selecting with stocks to trade options yes I will cuz it does I do have like a top you know seven eight stocks that I trade but there's a reason why I pick everyone every day um does the mentorship no they're two separate things tasa how long does that usually take you know I'm not going to lie I actually forgot what I said how long does what take um are you going to go through any important slides or just questions right now it's just questions because I'm about to get off because I'm tired and my chest hurts um will you be vlogging or anything this trip yeah will I post it maybe perhaps I gotta I still have to edit my parison Dubai Vlog um how long does charting usually take so it depends on you me now it takes me like two three minutes to mark up with chart when I first started it was like 15 minutes per chart so I think as you get faster with it you'll be able to see okay I see this I see that um and you'll get faster at charting thanks Nikki I appreciate it post stories on your Instagrams I will I will do that how do you file taxes with trading at the end of the year you get a1099 Consolidated form you would give that to your CPA and then they would configure whether you can write off your losses if you have to pay anything etc etc I'm not a CPA don't ask me tax questions thank you so much um but yeah I'm so tired all right well Fun's over