The best way to learn how to become a day trader is to learn from a millionaire day trader. We just turned $1,000 into $10,000 over the past 2 months, and now I’m showing you how to start day trading. I’m showing you my day trading strategy with live day trading in my discord. And if you want the best trading broker for beginners, Moomoo is offering 0 commissions on all options trades for the next few months using my link at https://weprofit.io/moomoo. I’m teaching you my trading strategies and giving day trading tips for beginners. If you need a day trading for beginners guide to the stock market, then this stock market for beginners video is for you. I’m teaching trading for beginners through my course and providing free FOREX trading tips right here!
We just turned $1,000 into $10,000 over the past two months. But don’t worry if you missed out. I’ve got a new challenge that we’re starting up right now. I’m Stock Curry. I’m a former Merrill Lynch and Morgan Stanley investment banker, and I’ve got over 25 years of trading experience. I just got back from Chicago, where I was honored to join Moomoo as well as some other influencers in ringing the closing bell at the CBOE – that’s the Chicago Board of Options Exchange. I was out there hanging out with the CEO of Moomoo. We were hanging out with Larry Jones, Keenan Grace, and others, and it was just a wonderful time spending time with other highly successful traders, talking about our trades, what we were buying and selling, and just celebrating the victories that we have had.
And now we are celebrating our most recent victory, and that is turning $1,000 into $10,000 over the past two months. By the way, that small account challenge that was put on by one of our top traders named Ace. Ace turned $2,000 into $3 million over the past four years, and just this past two months, he turned $1,000 into $10,000 to kind of help some new traders learn how to day trade, learn how to make money, and just help them grow their portfolios so that they can just get off on the right foot. Now, if you missed out, it’s okay. We’ve got a new challenge that is starting up here very soon.
Another highly successful trader, actually a student of Ace’s, his name is Ammar, and he just started a new challenge to turn $2,500 into $10,000 by the end of the year. Now, Ammar has already started that challenge. It actually started on Monday of last week. The account is up to about $3,000 right now, so it’s definitely not too late to get in. If you get in right now, just start with $3,000. Hopefully you can turn that into $10,000. Again, investing is never guaranteed. You can always lose money. But we’ve been very successful. In fact, 16 of our last 17 small account challenges have been successful. Only one of them have we been unsuccessful and have that account go to zero. But 16 of them we’ve been successful. So again, there’s no guarantees. But should we be successful this time, it’s going to make for a really great Christmas for a lot of people. And hopefully you join us so that you can have a really wonderful Christmas as well.
Now that’s the only small account challenge we’re running right now. In December, we’ll start another one. Keep in mind that this is our Thanksgiving weekend here in the United States. Thanksgiving holiday means that the stock market is going to be closed on Thursday, and it also means that Friday is going to be a half trading day. So the market’s going to close early on Friday. So it’s going to be a very shortened trading week. This generally is a very, very low volume week. Not a lot of trading generally happens on Thanksgiving week. Usually a lot of traders are just taking the day off. They’re out on vacation spending time with their families. So this isn’t usually a great time to day trade and make money.
If you are thinking about getting started, just take this week to get your account funded. And I’ve got some great ways to not only get your account funded, but get you some free stocks to help you get started, and then hopefully you’re all set up and ready to go for next week. Now, before I get into all the details and how you can join us in the next challenge, let’s talk about what is happening this short week, and what we can look forward to so you have a little bit better idea. Just in case you do want to trade this week, you’ll know what to watch out for.
After three weeks in a row of the market being green, we have come straight out of extreme fear and right up into greed. One of the fastest rallies in the stock market I have ever seen, bringing us all the way from extreme fear to greed in just three short weeks. Now, this week, whether or not the market rally continues is going to be dependent upon some of the economic news that’s coming out. Obviously, the markets are pretty overbought. Technically, we’re due for a little bit of a breather, not necessarily a pullback, but definitely a pause in the rally.
Now the first economic indicator we have coming out on Monday is going to be the US leading economic indicators. This is forecast to come in at -0.7%, giving us, I think, our 15th or 16th month in a row of economic slowdown. Now you might be saying wait a second Scott, how can we have 15 or 16 months in a row of economic slowdown without actually having a recession? That doesn’t make any sense. Well, you have to understand that the economy was so strong, and consumers were spending so much money, that even with the economy slowing down, it was still not in a recession. Now, whether or not we enter a recession next year is yet to be seen. A lot of people think we will. Some people think we might. Most people are still trying to figure it out.
But definitely the economy has been slowing down for the last 15 to 16 months. It just hasn’t turned into a full on recession yet due to the way that the official numbers are calculated. But we also have some other economic news coming out this week on Tuesday and Wednesday that might cause us to rethink just how strong the economy might be. And the first of those is Tuesday at 10 a.m. we have the existing home sales. Those are expected to come in at -1.5%, showing another monthly decline in home sales. Then on Wednesday, we have the durable goods orders. These are things that people buy, like cars and other long term assets, that consumers might buy. And look at this: last month it came in at 4.6%. This month it’s expected to drop to -3.5% – a significant slowdown in consumer spending on durable goods.
Of course, the slowdown is expected to have been caused by the fact that interest rates have continued to rise. This makes things very expensive for consumers, as consumers are no longer able to pay the monthly payments on the extremely expensive durable goods. This, in turn, causes people to buy less of them, and that ultimately is what the Federal Reserve wanted. In order to get inflation down, they want to slow down the economy. The only question is, are they going to slow it down too much? We’ll get some ideas just how much the Fed plans to slow down the economy when the meeting minutes of the Fed’s last meeting come out on Tuesday at 2 p.m., so watch out for that. That could be a market mover if there’s anything shocking in there.
Now, as far as how the market’s going to trade this week, I don’t know. We’ll have to wait and find out. As of the recording of the video, futures were down a little bit with Nasdaq futures most notably down about 0.25%. Oil is up. US ten year treasury is up. Everything looks like we’ll get a little bit of a slow down this week. Now there is one stock that I’m thinking about buying a put option on. Even though I don’t really plan on trading this week, there is one trade I do want to make.
Whenever a company does an IPO, they generally do a six month lockup period where the insiders are not allowed to sell for six months, so this helps keep the stock price elevated. But after six months, there is what’s known as a lockup expiration. It’s where the lockup period expires, and now the insiders are allowed to sell. And very often – not always, but very often – when the insiders go to sell during that lockup expiration, this can very often cause a stock price to absolutely tank for 1 or 2 days during the lockup expiration. So very often you can buy a put option on a stock that has a lockup expiration, and you can make a lot of money with some weekly put options.
And the one stock that has a lockup expiration this week is ATMU. That expiration occurs on Wednesday. There are 14 million shares that are going to be available on Wednesday. Now this one might not perform that well just because the IPO did open at $20, and the current share price is only $20.71. It’s not a huge increase over the share price. If you take a look at the Cava Group IPO lockup expiration that’s occurring next month, for example, that IPO opened at $22 and it’s currently at $34. So that would actually be a far better stock to short than the one coming up this week. Still, this ATMU coming up this week might pan out for a small profit. I don’t expect anything huge, but I am hoping for at least a small profit by doing a put option on this stock.
Now, ATMU does not have weekly put options. We’ll have to actually go to the monthly on that one, which December will be the next monthly put option. But we’ll throw a small amount on there and give it a try. Now again, this is not financial advice. This is not a recommendation to go buy, sell or hold any asset. I’m just telling you what I am doing. You’ve got to go do your own research and decide if it’s the right thing for you.
Now let’s talk about how you can join us with the next small account challenge we’re doing, where we’re going to go from $2,500 to $10,000, hopefully by the end of the year. And in order to join that small account challenge all you have to do is join us in the discord. In that discord, we post all of our trades, all of our day trades as we make them. If you’re afraid of missing out on anything, we also have daily live trading where you can watch us trade live and you can get in on the trades as we place the trade. In order to join us, just go to weprofit.io/discord and choose any of the plans. They’re all the same. They just have different payment terms. You will get all of our trade alerts, be able to join us in the small account challenge, and hopefully you can have an amazing Christmas where you can make some money to buy those Christmas presents or pay off your debts or whatever it is that you want to do.
And of course if you don’t have an account, you want to open an account, get it ready this week to go, and you want to separate this small account challenge from your normal account – which is something I strongly recommend you do – then I do recommend you use Moomoo to open up your account. And here’s why. Moomoo just launched index options trading here in the United States last week. That’s actually why we were out in Chicago. We were celebrating the launch of index options trading with Moomoo. And to help celebrate that, Moomoo is offering zero commissions on all options trades for the next few months. That’s right, zero commission on all options trades for the next few months. This is going to save you a ton of money with your day trading. Now there is one thing I do need to let you know about when it comes to Moomoo. That is the fact that they only offer margin accounts. So if you’re not able to deposit at least $25,000 into your account, you are going to be limited to three day trades per week.
If you don’t want that day trade limitation, and you want to be able to do an unlimited number of day trades, and you don’t have $25,000 to invest, then I recommend Webull. Webull gives you the ability to open a cash account. And with Webull, your cash account allows you to do an unlimited number of day trading throughout the week. There is no three day trade maximum. You can do as many day trades as you want. You also get free stocks when you open an account with Webull.
Just use my links at weprofit.io/platforms to get those free stocks and zero commissions on options trades.