#363 - Losing $250,000 💵📈

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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Episode Transcript

Speaker 1 (00:01):
So if you're not interested in money and that
kind of seems silly to say, butmaybe true or finances or stock
market stuff, just stoplistening, because that's
exactly what this is about,alright.
So here's the thing.
There is a news company likeFox and CNN, whatever called
Newsmax Newsmax, and a couplemonths or so ago they went

(00:28):
public.
So that pretty much means thatthey had private stock.
They were going to go on the uhin the public sector so that
people could financially investin them.
Hypothetically, if you wouldhave taken $10,000 and invested
it in this new company which Iwas going to do, so I didn't
really lose it, but anyway,which I was going to do um, in

(00:50):
two days it went from $10 ashare to 250.
So, hypothetically, if I wouldhave taken $10,000, as I
intended to, okay, um, by daytwo, by day two, my investment

(01:11):
would have gone to $250,000.
I didn't do that, I was busy.
I just I had other things goingon and I was underestimating my
profit margin and that was oneof the best losses that I ever
had.
And here's the reason why Ididn't make a dollar of it, why
I got in too late.
Now, before you freak out toomuch, um, how much does it suck

(01:32):
a lot, but I gained a thousandpercent back here.
Here what I'm saying uh, as faras learning and opportunity
goes, not as far as financiallygoes, but as far as um learning
how to be smarter with my money.
Now, after that $250, uh dollarper share from $10 a share, uh

(01:58):
price increase the very next dayit 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 Iactually studied the stock
market and how to do this foryears and then I did something
called paper trading.
My platform is TD Ameritrade,charles Schwab.

(02:19):
I have the.
It's called Thinkorswim.
It's a.
It's a platform used which Ireally like.
It's really user and learnerfriendly to be able to look at
stocks and invest money andstuff.
But the craziest part about allthis is actually twofold.
Number one it's insane that inpublic school you're never

(02:43):
taught about the stock market,how to balance a checkbook, how
to even write a check.
It's insane.
And this whole world exists ofones and zeros that your whole
life and feeding yourself andeverything depends on, and
school never prepares you for it.
You know, you don't need abachelor's degree.
You don't need a master'sdegree, you don't need to do any

(03:04):
of this.
You just need to learn how toread something called
candlesticks.
Candlesticks is arepresentation of an interval of
time.
It could be five minutes, couldbe 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'spretty much what it is.

(03:26):
But if you just learn how toread those charts in the stock
market, it becomes a language,and the more that you read books
, it's no different than readinga financial chart, and then you
can just really start to makemoney.

(03:49):
Now, when I lost thatopportunity of having 250 000
gain in one trade actually itwould have been one trade over
the course of like a second dayum, who knows, maybe I would
have uh got a little too excitedand uh?
Um held on to it only for oneday.
Or maybe I held on it afterthat second day and the next day
it dropped and I wouldn't havegot all that 250.

(04:09):
But the point is I had thepotential of making $250,000
with a $10,000 investment.
Um and uh, cause the price wentup from $10 a share to 250.
Multiply, multiply 250 by10,000, that's $250,000.
So it's huge.
It would have been great, butagain, that didn't happen.

(04:31):
But what I did learn is is nowI'm just taking it more
seriously again Now when ourlast president was president,
the financial sector was in adisarray.
It was a lot of downtrends, itwas not good for trading and,
whether you like Donald or not,he is really doing a lot to um,
give you the, the consumer orthe saver, depending on what you

(04:54):
do with your money to, uh, toinvest or to save or just to
make more money, like this wholething on no tax, on tips, no
tax and overtime, all sorts ofstuff that helps you out Right
In the exact way.
If you um I don't like callingit playing the stock market,
that sounds weird but, um, ifyou read these charts on a stock
market when a company opens upand again, this, this little

(05:17):
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 oflike a note to self for me and
for you, the listener, to sayget into the stock market and
learn how to read these charts.

(05:38):
There's different strategies asfar as how to make a profit and
, um, none of it's illegal andyou don't need to get a
bachelor's degree for it.
Um, if I could press, we rewindand, uh, you know, start
learning about the stock marketand stuff earlier.

(05:59):
I would, because the thing islike a lot of things in life,
it's not, it's not brought toyou, you have to come to it, you
have to go to it, right, andit's very strange.
It's very, very strange.
You don't ever learn about thisstuff, but it exists all around
.
You've seen it in films, youhear people talking about it.
You see, there's a whole street, wall Street.

(06:22):
You know what I mean?
In New York, you always hearabout stockbrokers and stuff.
What does that even mean?
Most people have no clue, butthey always hear it.
Well, it just basically meansthat you, as a private investor,
investing in yourself, nodifferent than you would, in
your time and your physicalhealth and your energy and stuff

(06:43):
like that have the opportunityevery single, every single day,
to invest money in someoneelse's company, to take a profit
that day or that week, wheneveryou decide to take your money
out of that stock, and then itgoes back into your general fund
.
Your general call to checkingaccount, for lack of better

(07:05):
words.
Okay and um, you can make alifestyle out of it.
You can.
You can buy your groceries withit, you can do all sorts of
stuff, all right, but you got tohave enough money to be able to
live off of.
I guess it's all hypothetical.
I mean, it's true, but it'shypothetical.

(07:25):
Like, think of it like this,true, but it's hypothetical.
Like, think of it like this.
Think of how much money youwould want to live off of me.
Uh, meaning, like, in a year,if you wanted to have a hundred
thousand dollars salary, youcould be working at a fast food
place and investing in the stockmarket.
You could start with a thousanddollars.
Okay and um, you could justlearn how to do it.

(07:48):
And there's something calledpaper, paper trading, which you
can actually not lose money in.
It's basically like a way ofbeing able to give yourself
however much money you want tolearn the process.
And with TD Ameritrade, withthe platform, with Thinkorswim,

(08:12):
media merit trade, with theplatform, with thinkorswim, okay
, you can mess up a thousandtimes 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 foodplace turn into $20,000 in the
course of a year, and then thenext year that 20,000 could turn
into $100,000.
Just by doing the exact thingover and over again.

(08:38):
The difference is 10% of asmall number and 10% of a big
number is still 10%.
So if you're always just addinga little bit to your wealth but
you're drawing from a biggertotal every time you invest,
okay, your percentage might notchange of your profit, but the
dollar amount will.
And at some point, when youstart to have so much money in
your account, you can actuallystart to say you know what I
want to make this into a living.

(08:59):
But remember, whatever you takeout of your account, if you
were to live off of that, youhave to replace it with new
money to continue to live.
So you can still make it into ajob.
You can just make it into a jobthat you're in control.
It can be remote.
And if you had $50,000 in yourchecking account, if you make a
$500 profit that day,technically that means your

(09:23):
account went from $50,000 to$50,500.
And as long as you keep acertain 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 aday?
A lot of people could, so Ihope you all have a beautiful
day.

(09:43):
This was a big moment in myexistence right To get back into
something that I dedicated somuch time and effort to and uh,
now I'm back to doing it againand now I'm making profits and,
um, I really really like it.
It just gives me time to makemoney, to, uh, to invest and to

(10:08):
really put my knowledge and myfuture in my own hands and not
in a 401k or a Roth or IRA orstuff like that.
Whatever it means, right?
So, anyway, this is a littlebit of a rant, a pretty good

(10:28):
story, which inspired me to getback into it full swing ever
since the last presidentialadministration, and I will
always not just necessarilyremember losing the potential of
gaining $250,000, but also thebigger point, which is never

(10:51):
letting it happen again andalways making much more than
that amount from now on, just bybeing consistent, small profits
every single day equal up to abigger sum.
Total.
I'm Benja.
Well done, check me out, peace.