Stock Market Trading - Tela Holcomb - Finances Demystified Podcast

How One Woman Learned Stock Market Trading & Achieved Financial Freedom in 3 years – Tela Holcomb

Summary

Stock market trading isn’t as complicated as people think it is.  The lingo can be confusing as hell but if you are willing and driven it could help you pay off your debts and make your dreams your reality.  

Tune in as Tela Holcomb, a mom, wife, six-figure stocks and options trader, 9 to 5 survivor, risk taker and freedom catcher shared the first steps she took to get started in stock market trading that doubled her retirement fund in 8 months.  Tela now teach stock market trading in way you can easily understand.

Resources
Key Takeaways
  • The first thing is finding the right resources online about stock market trading.
  • In stock market trading, YouTube is your friend.
  • The biggest tool in stock market trading is a practice account.  It is like a monopoly money, just get in there and learn what everything is like, what it looks like making and losing money and really getting a feel of it before you put your own money out there.
  • I used the practice account for 8 months before I put in real money.  While I was practicing, I allocate a budget for my real account so once I was confident the money was there.
  • The best place to start in stock market trading is buying stuff and products that you knew and use.
  • I figure out which strategy in stock market trading that fits to the lifestyle that I want to create.
  • One thing I learned in stock market trading is not to use all your money in one time.
  • We are focus on creating multiple streams of income and that’s how you get to that millionaire status and passing down generational wealth.
  • It is important for me to let people know that I don’t invest your money for you I want to teach you how to do it for yourself and what to look for so you feel empowered.
  • Stock market trading and investing is not as dangerous as you think it is if you take the time to learn about it.
  • Stock market is something that any of us can do.  It doesn’t matter where you came from or what your circumstance is.  It is open for anyone who is willing to learn it.
  • Stock market is an avenue to create money to do amazing things in the world.
  • Be outward focus and it will come.

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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.