Dojo or Doughjo?

So a good friend of mine that is completely new to trading is ready start his journey toward educating himself in the way's of personal finance, more specifically investing. Today he and I will begin training together under the tutelage of Dough, by way of the good folks at Tasty Trade.  We'll be going through the first 3 courses offered for free in their Doughjo.  Are you ready and wanting to begin your education in investing today?  Join us and leave your comments if you decide to come along with us on the journey into the wild world of investing.

If the names Tasty Trade and Dough mean nothing to you, check them out by clicking on the following links.  The basic services offered by Tasty Trade and Dough are completely free so there's nothing to lose, only the time you commit to changing your financial future and I'm not sure that can be classified as a loss.

Tasty Trade : A Real Financial Network

Dough : Trading Platform

Invest With Your Family

Want to start a family business that will leave a legacy for your kids and grandchildren?  Check out this video from Tasty Trade to get inspired on trading and getting your family to trade with you.  Rob did it, you can too.

Rob trades Options full time and has his whole family trading by his side

Trading Strategy Selection

If you haven't figured it out by now, this is not original content, think of it as a "best of" from the guys at Tasty Trade; without them, none of this is possible.  There's so much content that I'm starting to collect a list of videos that helps focus my search and hopefully yours.  Without further ado, check out Tasty Trades video on Strategy Selection.

How do we choose our trading strategy?


And what goes best with trading strategy?  How about which underlying to trade.  Check it out.

How do we choose which underlying to trade?

Trade Failure

Are you slowing watching your trading account shrink?  Watch this video and be encouraged, there's still hope.
Trading Options: Managing Winners and Staying Small is Eric's key to success


Here's a sidebar video that discusses success and risk and how do those of us with small accounts trade and make money.
How to Trade Strangles In A Smaller Account

Financial Revolution

OK, there's nothing original about this post.  In fact, this blog is slowing turning into the best trading ideas I've found that have helped educate me in the ways of trading vs. me talking about my own unique trading ideas.  I still have much to learn to prove to myself I can be a successful trader, but in the meantime I think I've found the group I'm going to hitch my wagon to, and I recommend you spend some time listening to these guys as well.  They provide the most comprehensive training and explanation of trading concepts that I've come across to date, best of all its free.  So without further ado visit https://www.tastytrade.com/tt/

Join the personal financial revolution, become a member of the Tasty Trade family; I have.  Keep learning, and keep trading with help from Tasty Trades.  Let me know if you join Tasty Trades and what trading concepts you're focusing own.

Now go!  Be fruitful and multiply your money.

Investing Lessons for Total Newbies

So you need a place to start, you understand that the stock market has potential to make you some money if you only understood it.  Here are some great, but brief videos that will start you on the path to understanding the basics of the stock market and investing.

Lesson 1.

https://www.youtube.com/watch?v=_YF_7CHudWc&feature=player_detailpage

Lesson 2.

https://www.youtube.com/watch?feature=player_detailpage&v=D8ZuWE9C0qE

Lesson 3.

https://www.youtube.com/watch?v=QnCkbhJ6mss&feature=player_detailpage

Lesson 4.

https://www.youtube.com/watch?v=KClbuV8rtUI&feature=player_detailpage

Lesson 5.

https://www.youtube.com/watch?v=Hq3J0TX0EnI&feature=player_detailpage

Choose Your Own Path

I realize after my first post that not everyone is starting from the very beginning, many have a base knowledge of investing, stocks, charts and options.  So forget the starting line, choose your path based on your current knowledge of trading.  And for me, this blog is intended to document and share my adventures in income generation through trading, primarily stock options.  So with that said, here I go...

So my financial journey started with the reading of Rich Dad, Poor Dad by Robert Kiyosaki.  This was like a light in a very dark place for me, the beginning of peeling back the layer of my thinking to see the world of finances.  I then jumped to Rule #1 by Phil Town which really greased the gears of my financial thinking engine.  I then did what I'm sure many, if not most "would be" investors would do, Google "how to trade for a living", which resulted in no less than a lifetime supply of material, training offers, opinions and the like to completely spin a person's head around no less than a dozen rotations. But I had to start somewhere so I tried a trading recommendation service (which will remain nameless) but didn't provide the results or contributed to my foundational knowledge of investing so I dropped the service after 90 days.  Then, from recommendation of a co-worker, I tried a service called Phils Gang.  Phil, while diffenent style of teacher, I non the less learned a lot recarding reading stock charts and just some basic concepts of trading.  I'm no longer a subscriber of Phils Gang, but I would recommend it to anyone that would like learn a fair amount about the Markets and trading.  I believe the service is $49 a month, but it might have gone up since I was a last a member.

Now I find myself inventorying my trading knowledge and puting it to the test in a paper trading acount with OptionsHouse.  I highly recommend you look at open a paper trading account so you can begint to test ideas and establish a solid trading technique(s) that will work with your financial goals, risk tolerance and overall confidence.  In a few days I'll be sharing  some of my recent paper trades that I've made and discuss their current outlook, i.e. profit, loss etc.

Check back later in the week for an update.