The Word on Investing by TRADEway

“The sittin’ and the waitin’ is important. You have to sit and wait for all factors to come together to merge into the perfect play.” -Jesse Livermore One of the most important traits of a great trader is patience.  You have to know how to sit on your hands and wait. It takes patience to not be in the market all the time. It takes patience to wait for a great play. And if you don’t have the patience to wait for a great play, you’ll reach for a mediocre play. (And you really don’t want to do that.) Jesse Livermore knows something about waiting. He predicted the crash of 1929. As a matter of fact he made $100,000,000 in one day (that’s about 1.7 billion dollars today) shorting stocks right before the crash. What did Jesse Livermore know that other traders didn’t? That’s what today’s episode is all about.  Listen to the Episode Now! 

One of the great keys to successful trading is “playing the math.” This means you have a SMALL expense if your trades go the wrong way and you have to stop it out. And you have a LARGE win when it goes your way. Now this is the important part–you do NOT want to win small.  You’ve gotta win BIG. And by that I mean you need to let the stock go all the way to your sell point before you jump out of it. This is how seasoned traders think. But there’s one thing in particular that makes the mindset of a seasoned trader different. What is it? We’re going to find out in today’s episode… In this episode I’ll cover … Why it’s essential to focus MORE on managing risk than on what kind of profit you could make How to be like the pros by making a plan for each trade (and then trading your plan) How managing your emotions can take you to the next level as a trader (and how to do it) The biggest mistake I see new traders make (and what the pros do instead)  And much more! Listen to the episode “What Makes the Mindset of a Seasoned Trader Different?” now! 

Did you know that the amount of wealth that you have the potential to create for you and your family is directly proportional to the amount of educated risk you are willing to take? If you’re afraid of losing money in the stock market, you’re not alone. But have you ever thought about WHY it scares you? Have you ever questioned whether that makes logical sense? The thing is, the American school systems have been systematically rooting out the entrepreneurial spirit of America for the last 50 years. Whether it’s first grade, twelfth grade or the college systems, there’s hardly anything at all taught about entrepreneurship, about money, or about how money works in our schools. Even in an MBA program you’re mostly learning how to work for a higher boss in a big corporation–not how to run a business yourself. But if you go back just a little farther in history, the original American style was to have a family business where each generation teaches the next generation the family skill sets. Over time, those skill sets would add up and become incredible–so that the young people coming up in the family business have a strategic and competitive advantage in the marketplace. (A very different way of looking at things–and, as we’ll see–a more profitable way.) Which attitude are you fostering in your life? In your family? In your business? In this very important episode I’ll cover … What the family business is all about and how it can impact your family’s ability to generate wealth in a big way How to re-discover your entrepreneurial spirit–and use it to guide your financial and career choices What appropriate, educated risk is (and why you need more of it in your life) The best way to create ZERO wealth (don’t let this be you…) How to calculate a risk/return percentage for your stock plays (and what percentage to shoot for) The best book I recommend for stock traders wanting to start to change how they think about risk/return And much more! Listen to the episode “I’m Scared to Death of Losing Money in the Stock Market!!” now! 

Today we’re talking about 8 tips for protecting your trades. Some of these are tools, some of these are rules, okay? 😉 Some of these took me 40 years to learn, but if you listen to today’s podcast episode you can learn them in 20 minutes. How’s that for a deal? In this episode I’ll cover… What I tell the students I personally coach about trading Why you shouldn’t trade with a trading partner called “Surely”  The BEST way to become a really good professional trader Why keepin’ the rules is what it’s all about Why watching a 1-minute chart is gonna scare you to death (don’t do it)  Why getting out early is the key to being a good trader (now I don’t mean too early…) And much more! Listen to the episode “The 8 Tools & Rules That Will Protect Your Trades?” now! 

A lot of people think they can get up in the morning, get on the internet, place a trade, run off to work and live happily ever after. But guess what? That’s not going to work.  To make money in the stock market, you need real knowledge about stock patterns and how to use them to place your trades strategically. Next you need to learn what good buy and sell points are for the various stock patterns.  Because each pattern has its own perfect buy and sell points. In today’s Word on Investing episode, we’re going to talk about what some of these common stock patterns are, and the buy and sell points that go along with them… In this episode I’ll cover… Some of the best patterns to trade (the ones with the perfect buy points) What stock patterns no longer work (you might find them in a book, but that doesn’t mean they still work in today’s climate) What puts are and what you need to know about them What a “kiss goodbye” is (and why this is one of the most predictable patterns there is) Listen to the episode “What Are Buy and Sell Points & How Do They Work?” now! 

“Through wisdom is a house built, and by understanding it is established; by knowledge shall thy chambers be filled with all precious and pleasant riches.” Proverbs 24:3-4  Does having wealth make you evil? So many preachers have been teaching Christians through the years that…  Jesus taught that we are supposed to be poor That if you’re poor, you’re spiritual That if you’re seeking wealth you’re like the Pharisees. Well, I’m here to tell you that you can free yourself from the thought that “it just doesn't feel right for me to try to be wealthy as a Christian.”  Because you're not supposed to try.  You're supposed to accomplish it.  And the BIBLE BACKS THAT UP.  Today on the podcast we’re talking about 3 common roadblocks to finding financial abundance in your life. In this episode I’ll cover… What the largest roadblock to financial abundance is for a lot of Believers Why it’s important to have skill sets and how they relate to income generation Why you’re not supposed to keep your money (and what to do with it instead) Why it’s important for YOU to have influence (yes, you!) Why taking care of your family financially is an important part of being a Christian  So let’s get down to the bottom of whether money is evil or a blessing from God (because it can’t be both)… Listen to the episode “3 Common Roadblocks to Finding Financial Abundance in Your Life” now! 

Today I want to talk to you about tried and true stock patterns, and which ones still work!  When it comes to stock patterns, it’s easy to go out and buy books filled with pages of patterns that date back all the way to the early 1900’s. The problem with these books is that a lot of those patterns don’t work anymore.  Why don’t they work? Surely if these patterns are in a well-reviewed book it would be a home run… right?  The answer might not be that big of a surprise… it’s all thanks to the INTERNET!  We have online brokerage houses everywhere and hundreds of thousands of people lining up to jump in, place a trade and then go to work. The internet changed the VOLUME of trading and because of it the volume is SO MUCH larger than it was decades ago. In a nutshell, the change in volume has made a lot of these patterns obsolete because they just don’t work anymore.  Ready to learn about the ones that DO work? Make sure to listen to today’s episode!  In this episode, I’ll cover… Why certain stock patterns don’t work in today’s market  Two of the greatest stock patterns you can use right now  A list of stock patterns that DO work today  What these stock patterns look like and how they work  Growth stocks and a way TRADEway makes it easy to identify them And so much more! 

It’s easy now-a-days for people with no experience in trading to open a brokerage account and just jump in, buy a few shares, and then go about their day. There is a reason the first hour the market is open is called amateur hour… it’s because of this very reason!  All of the amateurs who heard a “hot tip” or read an article about a great company are jumping into the market with very little skills or knowledge. We want everyone investing to have the knowledge to be successful, which is why in today’s episode I am going to be talking about what steps you can take to become a knowledgeable stock trader… and how we at TRADEway can come alongside you to help you on your journey!  In this episode I’ll cover… How vital a solid stock trading education is to your success as a trader  Accelerating your learning through time compression Using leverage and a trading system when trading options The importance of pattern recognition and charting when trading  And so much more! 

If you’ve been looking at the S&P 500 or watching the news at all, you know that we’re in a bear market crash right now.  Many have been asking the question “What does this even mean?” In today’s episode, we’re going to tackle the definition of a Recession and how the NBER (National Bureau of Economic Research) is changing the definition.  We’re also going to take a look at our economy and the current market conditions.  We know that it can look bleak and scary at times, which is why we are going to share some things you can do to prepare and to potentially even make money during a down market!  In this episode I’ll cover… The economic factors that led the NBER to change the definition of Recession How the new definition of a recession impacts how we view recessions in the future  What inflation is and the cyclical effect of inflation on our economy and small businesses An in-depth look at current conditions that indicate we are in a Recession What you can do to navigate the current and coming season 

We’ve got an episode today that I’m really excited about.  We’re talking to Chris Lepore, the Director of Operations at Tradier (our Brokerage firm of choice).  Tradier is one of our favorite brokerage companies, and we love to tell our students about them. Today we’re going to be talking about how Tradier integrates with our charting software, Charts by TRADEway, making it so you can place trades right from our charting platform. Tradier is HUGE on delivering quality customer service to their clients (something not every broker prioritizes), and it’s one of the things that makes them such a standout brokerage firm. Today we’ll cover… The value Chris Lepore considers a “lost art” in brokerage firms, and how Tradier is doing things differently  A bit of the history of brokerage houses and how they’ve changed over time How you can place trades directly using our charting software Charts by TRADEway (integrates with Tradier) How you can research, chart, buy and sell stocks and options all in one place (without bouncing around from tab to tab anymore).  Listen to the episode “Learn More About Our Broker of Choice, Tradier, with Chris Lepore” now! 

I’ve heard it so many times. When it comes to physical gold–I’m talking coins, bars, rounds, and so on–many economists out there disparage it as nothing more than a relic.  But are they right? Is gold truly nothing more than a relic? In this episode of The Word on Investing, I address two things head on: 1. The idea that gold is actually a preferable currency for the majority of people, but why many people MIGHT NOT even realize it. And 2. Why gold ACTUALLY carries an enormous amount of power in the 21st Century, and why it’s NOT some ancient relic! Gold acts as a protector against loose monetary policies, something we’re all too familiar with at this point. In fact, not only is gold a protector, but it was put here by the Lord Himself as the purest form of money, ever–which should tell us something about gold’s potentially pivotal importance in each of our lives. I want to help you understand the power of gold, and simplify precious metals as much as possible for you and your family. In this episode I’ll cover How our MONEY preferences were involuntarily changed 5 decades ago, and how it has altered our perception of value. Promises that were made (and broken) by our government, and the performance of our money ever since. Where our sense of the value of money comes from (this might scare you…) How Russia saved their currency’s worth by literally stockpiling gold for decades (wait, but I thought it was just an ancient relic, right?!) Why Gold is the “great reset button” for civilizations of the past AND present and how it can do the same for you and your individual family. Listen to the episode “The Power of Gold in the 21st Century with Ben Mitchell” now!

“And Joseph gathered corn as the sand of the sea, very much, until he left numbering; for it was without number.” Genesis 41:49 Is your family prepared for a time of famine? If not, how do you prepare? If the market does crash soon, what should you do? During a recession a lot of people are going to get hurt, but you don’t have to be one of those people.  If you’re a little bit worried about YOUR money right now, let’s take a look at what happens to people who don’t store up–who don’t preserve their wealth. Have you noticed grocery and gas prices going up? (It’s hard not to.) When inflation gets too out of control, it’s bad. Throughout history there have been times when inflation has gotten so far out of control that it’s devastating to an entire country. People can no longer afford to buy the things they need. During the USSR days in Russia, the Soviet ruble became so inflated that people had to bring barrels and barrels of cash–literally wheelbarrows of cash just to buy a loaf of bread. Now, we’re not there yet, praise the Lord. Today on the podcast I’m going to talk about what the book of Genesis can teach us about recessions, inflation and economic bubbles.  We'll learn how to handle unusual economic times–and how you and your family can be prepared for them, making it possible to actually prosper during an economic crisis. In this episode I’ll cover What “The Everything Bubble” is and how it might be affecting your family Why what Joseph did in Egypt can teach us about economic bubbles and how to prepare for them How you and your family can “during times of plenty store up for times of famine”  How you can learn how to actually profit off of a recession Listen to the episode “What You Need to Know NOW About Preparing for a Recession” now! -Dave Huber P.S. Are you ready to try your hand at placing your very first stock trade? You can totally do this!  In this FREE PDF download, “10 Steps to Choosing Your FIRST Stock to Trade: The Ultimate Beginner’s Guide”, you’ll learn how to… Choose the right kinds of stocks (and how to find them) Know when to buy your stocks (and when to sell them) Take your very first steps to becoming a stock trader And more! Grab the free guide now! Sign up with your email address to receive the guide at tradeway.com/guide!

For YEARS we dreamed of having our own charting platform at TRADEway.  But not just any kind of charting platform…. We wanted one built especially for our coaches and our students.  We wanted it to incorporate all of the amazing things we teach AND at the same time making it as simple as possible to use.  We wanted it to work equally well for new traders AND also be able to do all the complex things that our more advanced traders require out of a trading platform. Just a few short months ago (Dec 2021) it became a reality for us, because we launched Charts by TRADEway, which is a next generation stock and options trading platform.  And today I have the pleasure of talking to the lead developer of this platform, the talented Rance Maschek. One of the most unique features of Charts is that it’s a platform that has coaching baked into it–making it quicker and easier to trade in the markets, analyze those decisions, and make sure you’re constantly improving as a trader. In this episode, we cover How the RIGHT tools can help you make your most effective and intuitive trades Why highly analytical traders will become better traders if they can look at a chart “like a piece of art” How to avoid analysis paralysis in your stock trading Which feature of our charting platform helps people improve their trading most Listen to “Meet the Creator of Charts by TRADEway and Go Behind the Scenes to See How this Amazing Platform Was Made with Rance Maschek” now!

I’m excited about today because we’re finishing up a two part series–an interview with David and Lori Benham.  Now if you missed yesterday, please go check it out. We talked about the Benham family’s story, which is quite amazing. It’s a story of persecution in modern day America and how they overcame it by standing strong in their faith.  This family has achieved so much in the business world, but also in ministry. And I’m happy to have Lori Benham on the show today about a business she started and the steps she took to make the dream business she had in her head a reality. Lori’s story is truly a step by step blueprint for how to start a business, how to stay motivated, and why it’s so important to work from the heart. “When you start thinking, ‘How can I bless others?’ ‘How can I make their lives better?’ ‘What can this look like if I take what I have and pass it on?’... it starts breeding all these bright ideas.” Lori Benham In this inspiring and personal episode, we cover … Why starting with thankfulness for your gifts and the things that make you come alive is so important to stay inspired as a business owner How to know God’s Will for your business The pivotal role community plays in building a business quickly How to not undervalue yourself at work (this is critical) How to keep moving as an entrepreneur (and keep yourself out of decision gridlock) Lori’s tips and tricks for maintaining work life balance as a busy mom Why love, inspiration and encouragement are the foundations of why she does what she does Listen to the episode “Start with the Things That Make You Come Alive: How to Know God’s Will for Your Business with Lori Benham” now! P.S. The Word on Investing Summit: Money, Faith & Mindset is happening April 22-23, 2022. Are you coming? Reserve your FREE ticket here while supplies last. Both the Benham Brothers and their wives (Tori & Lori) will be speaking at the Summit. You won’t want to miss it!

“I am on a mission, and my work is worship.” David Benham We’ve got some very special guests with us today… David and Lori Benham!  David Benham is one half of The Benham Brothers. David and his twin brother, Jason Benham, are former professional baseball players, nationally acclaimed entrepreneurs and best- selling authors. Their family’s first real big success happened through their real estate business which grew to 100 offices in 35 states. Their company topped several charts, including Inc. Magazine’s “Fastest Growing Companies”, The Wall Street Journal’s “Top 5 Real Estate Agents in America” list, and the US Chamber of Commerce’s “Top Small Business of the Year”. All of this led to a huge opportunity–a reality show on HGTV in 2014. (More on that later…hint: there’s a plot twist). The Benham Brothers have also appeared on Fox Business, ABC Nightline, CNN, Fox News, and Good Morning America. Inspired by the many lessons they learned along the way, the brothers launched Expert Ownership, a coaching program for Christian entrepreneurs to help them make a bigger impact on the world, both financially and in terms of their faith. The Benham families have obviously had huge success in their businesses, but–I’ll tell you what–the thing that most impresses me about them is that their top priority throughout all this time has been their Lord Jesus Christ and their families.  In this episode, we cover How it all started with a little lawn mowing business Why living the Christian faith, not just talking about it, takes real guts (you will be tested) How working as a janitor while he started his business on the side taught David that you are not what you do, you are who you are in Christ. Why the Benhams build their businesses “relationally, not transactionally”. Plus: Business evangelism?–what it is and why it might be the BEST way to reach people today (Come back tomorrow for part two of today’s interview. You’re not going to want to miss hearing more about Lori Benhams’s business and the steps she took to start it.) And don’t forget to register for our Word on Investing Virtual Summit coming up April 22-23, 2022. You’re gonna hear from me and our incredible guests that we’re having. The Benhams will be there, Dr. Myron Golden, Shane Sams and many more. You can get your free ticket today at TRADEway.com/summit. Listen to the episode “The Real Struggles of Integrating Your Faith into Your Business (And Why it’s Worth it) with David & Lori Benham” now to hear from this inspiring family. 

The Word on Investing Summit: Money, Faith & Mindset is happening April 22-23, 2022. Are you coming? Reserve your FREE ticket here while supplies last. Jamie & Ryan Smith will be giving a powerful talk on Day 1 on “The Value of a Dollar”. You won’t want to miss it! Get Your Free Ticket Now (While Supplies Last)  www.tradeway.com/summit Today on the podcast, we’re talking about the power of the family business with Ryan and Jamie Smith of Elevation Capital Group.  For the Smiths, real estate is a multi-generational family business.  “As long as I can remember I had an appetite for [the real estate business]...Originally we would build the houses and sell them. And so when I say build them, you know, we did it, literally. My mom can wire a house. My dad would install the drywall. We’d paint it. I could run the wet saw when I was six, seven years old, running the tile back and forth and mixing the mud…as a child I just had a blast and I thought it was fun working altogether. And I thought, ‘I’d love to continue doing that.’ …So I had fun as a child and I was excited to be able to partner with my husband as an adult.” Jamie Smith Jamie & Ryan talk to their kids regularly about their business. They share with them what problems come up and how they’re solving them. And they try to instill in them that no matter what you do, the most important thing is to let your faith and the wisdom of the Bible guide your choices in business and in life.  “I think this world and culture can be very disorienting. So we always want our children to know what is home base. Who am I? What is my character? What should my character be?...So I think those foundational principles are very important to Ryan and me to instill in the children. Because if they know that, they will go down a solid path. And their curiosity will lead them, but they’ll always have that foundation and that home base. We spend a lot of time working through that and talking through that.” Jamie Smith  In addition to their family real estate business, they also run a Bible study community called Fellowship of Believers, which is made up of over 40 couples. When COVID hit, they put up large signs in their community that said “Need help, Give help” and raised over $50,000 for local families and businesses struggling because of the pandemic.  In this podcast episode Jamie, Ryan and I talk about… The surprising strategy they chose to build their wildly successful family business How they pivoted when their business didn’t do what they thought it would (and why that kind of flexibility is key for business owners).  What brings Jamie joy in her business (hint: it has to do with building relationships) Listen to the episode “Experiencing the Power of Faith-Based Family Business w/ Ryan & Jamie Smith of Elevation Capital Group” now to hear from this inspiring family. 

The Word on Investing Summit: Money, Faith & Mindset is happening April 22-23, 2022. Are you coming? Reserve your FREE ticket here while supplies last. Shane Sams will be giving a powerful talk on Day 1 on “Income=Freedom: How to Earn Your Income ONLINE (God's Way)!”  You won’t want to miss it! Get Your Free Ticket Now (While Supplies Last) www.tradeway.com/summit As you know, at TRADEway we don’t just talk about trading and investing in the stock market.  We also talk an awful lot about the concept of the family business–about how you can build a business and teach your kids and grandkids skill sets that give your family the potential for generational wealth creation.  We probably talk about that more than anything. Because I don’t think America is teaching that at all through its educational systems. Today on the podcast my guest is Shane Sams of Flipped Lifestyle. And I’m so excited to have him on because he’s going to share yet another way you and your family can create a family business together.  He and his wife, Jocelyn, started Flipped Lifestyle, a company that teaches people how to create successful online businesses. They’ve helped thousands of families create online businesses based on their God-given passions, knowledge and experience.  In this episode, Shane and I cover: What a sheep farmer in North Dakota can teach you about building a wildly successful business How Shane made more in a month than he used to make in a year Some of the biggest myths of having an online business (and what it’s REALLY like) Why building a successful business is less about your passions and more about your skills and experience  Why focusing on others is good for business  Listen to the episode “How to Make More in a Month Than You Make in a Year with Shane Sams” now!

The Word on Investing Summit: Money, Faith & Mindset is happening April 22-23, 2022. Are you coming? Reserve your FREE ticket here while supplies last. You won’t want to miss it! Get Your Free Ticket Now (While Supplies Last) www.tradeway.com/summit “Ordinary people can be extraordinary people if they want to. The tools are out there.” James Smith In my now-long lifetime I’ve heard some of the best preachers preach and I’ve heard some of the best motivational speakers speak.  My guest today, James Smith, is, without a doubt, one of the greatest speakers I’ve ever heard.  For over three decades he’s been one of America’s foremost experts in real estate investing. He’s spoken to, trained and mentored hundreds of thousands of people around the world to be more literate in finance and wealth building. In today’s episode, James Smith and I will cover: Why you should stop wasting your time and energy on things that have no eternal value Why inflation is going to be the “werewolf from hell” that ends up hurting most of the people listening to this episode What really holds most people back in their financial lives (and how NOT to let it hold YOU back) “Without hope, you can’t learn. Without hope, you can’t prosper. Without hope, you can’t move forward. And so hope is one of the most important words in my vocabulary.” James Smith Listen to the episode “How Ordinary People Become Extraordinary with James Smith” now!

The Word on Investing Summit: Money, Faith & Mindset is happening April 22-23, 2022. Are you coming? Reserve your FREE ticket here while supplies last. Both the Benham Brothers and their wives (Tori & Lori) will be speaking at the Summit. You won’t want to miss it! Get Your Free Ticket Now (While Supplies Last) www.tradeway.com/summit Today on the podcast we’re talking about what, I believe, is one of the most important topics on the planet: marriage. My guests today, Jason and Tori Benham, have been married for more than twenty years, own several businesses together, and are passionate about helping couples thrive in marriage.  Their book, Beauty in Battle, chronicles their story and the practical ways that conflict that can tear people apart can also draw them closer together. In this episode we talk about How to fight shoulder to shoulder instead of face to face How fighting is natural and inevitable–but there’s a right way and a wrong way to do it Jason and Tori’s tips and tricks for a happy marriage both for newlyweds and for couples who have been married for years The magic of active appreciation “It’s not against flesh and blood, so stop yelling at each other. You have a common enemy. Now you need a common goal to defeat that enemy. And when you do it together, what happens is that fighting together draws you together.” Jason Benham  Listen to the episode “Helping Couples Thrive in Marriage (and Business) with Jason & Tori Benham” now!

The Word on Investing Summit: Money, Faith & Mindset is happening April 22-23, 2022. Are you coming? Reserve your FREE ticket here while supplies last. Dr. Myron Golden will be giving a powerful talk on Day 1 on “How to Fill the Gap in Your Identity, Your Activity, & Your Property.”  You won’t want to miss it! Get Your Free Ticket Now (While Supplies Last) www.tradeway.com/summit “God put a different aspect of his creativity in all of us, so that when we come together we could support each of us.” Dr. Myron Golden Welcome to Season Three of The Word on Investing Podcast! We’ve got some GREAT episodes that we’ll be releasing each day this week to celebrate a brand new season with you all.  In our very first episode of the season, I’ve got my best friend in the world on the podcast for an interview: Dr. Myron Golden. He is going to blow your mind because when he opens his mouth good stuff comes out and you’ve gotta listen to every word, every sentence… because there’s no fluff! Myron speaks all over the world to large audiences with thousands of people. (He’s a business-man preacher like me.) How do you discover your purpose? Myron has the answer.  In this episode Myron and I will cover: How to discover your purpose How to recognize what your God-given assignment is Once you know your assignment, what should you do then? Why it’s important to rule over your assignment What it means to rule over your assignment  Listen to the episode “How Do You Discover Your Purpose? with Dr. Myron Golden” now!