Our guest for today is Teri Ijeoma from ‘Invest With Teri,’ and she helps people understand how to invest properly and make income. She runs the ‘Million Dollars A Day’ campaign to have 1000 of her students make a 1000 dollars a day.
In this interview, we explore:
- Active stock trade
- ‘Trade Station’ program
- Critical factors for successful investment
Active Stock Trade
A common myth about investing is that you can only do it for the long call. There is a way to actively generate income that will help you to fulfill your short-term goals. It’s about finding other successful traders, and then you can start working with them to build your trading strategy.
The key is finding out what you want – how much time you want to dedicate to this business and how much income is your target. The greatest thing about investing is that it gives you the freedom to configure your life how you wish.
‘Trade Station’ Program
It takes money to make money, so investing does require a little bit to start, but there are ways to start small. A program called ‘Trade Station’ is perfect for it, since you can open an account with just $500. It allows you to practice and learn with fake money until you get better. After that, you can start building your account and practicing with real money. It is not just about earning an income but learning a new skill set that will last a lifetime.
Critical Factors For Every Investor
The first step is picking good companies. The best way to do that is to check if they have been on an uptrend over the last year. If you are struggling with the choice, see what companies are hiring now – only the best ones are doing it. You don’t need a large quantity when picking healthy companies, but if you get smaller companies that are not as reliable, you are more liable to lose money than to make it. The second important component is finding out how to protect yourself from losing and having a good risk management plan. For example, make sure not to get in at the highs, wait for stocks to come down a bit. Thirdly, to understand where to buy and where to sell, you need to learn to read charts. Finally, having a trading plan is crucial as it gives you consistent steps to follow, and it takes out relying on emotions.
John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.