Alex Tremiz says he can make money with his “eyes closed and hands tied behind his back”. It’s quite an exaggeration, but what he’s trying to sell is the idea that stock trading is easy and anyone can do it. He promises you can make $20,000 to $40,000 daily as a day trader, and achieve 80% gain in 8 minutes. It could be possible, but how likely is it for complete beginners to make this much money? This My Investing Club review covers all you need to know about the course, the creator, and the business model.
As a stay-at-home mom, juggling kids and a side hustle while maintaining a clean home, I need a low-maintenance but quick-income biz. Alex Temiz has an investment offer that promises huge returns in just a few minutes. He teaches 2-day trading strategies, scalping, and intra-day swing trading. This could be a quick-income potential, but is the risk worth taking for moms? I’ll answer that in this review plus day trading statistics you should know about before investing.
My Investing Club (MIC) is an exclusive day-trading community where members get live updates through a Slack channel, mentorship, resource material, reports, and more. It was founded by Alex Temiz, Bao Nguyen, and Tosh Bradley in 2019 and it has since made noise in the trading community. Alex introduces 3 simple steps inside My Investing Club that transformed him from a losing trader to earning 8.4 million dollars in just 3 years. Step 1 is to find the right stocks to trade, second is to find the right institutional price zones, and three is to trade with the big money. My Investing Club’s silver membership package costs $497 monthly. The cost of gold memberships is only discussed through sales calls. The top-tier membership, platinum lifetime, costs from $6,995 to $15,000. MIC also offers a scholarship program that offers up to 40% tuition fee assistance to qualified students. All packages have a 30-day money-back guarantee.
Alex Temiz is a day trader and financial markets expert from New York City who co-founded My Investing Club. His LinkedIn says he took general finance at Ramapo College in New Jersey from 2012 to 2016. In his younger years (around 2015), he worked at Starbucks while learning how to trade. He failed in his first attempts, but his luck changed when he discovered how to find price zones, which ended the guessing game for him. 4 years into following his day trading strategies, Alex is already making 6 figures a day. In 2018, he was invited by one of Wall Street’s top proprietary trading firms, SMB Capital. Alex also traded at the New York Stock Exchange.
My Investing Club: Members-Only Online Trading Community
My Investing Club has an excellent 5-star rating on Trustpilot out of 425 reviews given. Most good reviews commend Alex for his time-saving stock-selection process. Another reviewer, Miguel, also said that the live trading events are the best place to start if you’re a beginner in day trading. Chris Obber narrated his success when he started with MIC. He claims to have been trading for over 8 years but it’s only until he joined the program that he’s been hitting huge figures 5 months in a row. Comments on Alex’s videos on YouTube are mostly positive. People seem to like his trading approach, especially psychology talks and trade recaps.
Aside from the exclusive Slack channel and learning materials, Alex also hosts a live trading event where students watch millionaires trade in action. Students learn first-hand insider trading strategies from him and other experienced traders.
Online trading communities such as MIC may help new traders enhance their trading intuition. Trading communities help members identify which strategies work and what doesn’t from like-minded players. Groups like MIC also help you understand different perspectives on different market setups and trading conditions. Overall, My Investing Club offers a collaborative learning environment where students learn through live discussions and Q&As.
On the other hand, day trading is a risky business because it’s a highly volatile market. Since prices fluctuate over short periods, it can be hard to predict market movements. Data presented by Ramsey Solutions found that 72% to 80% of trades lose money on day trades. It’s a very risky venture because the loss percentage is around 95%. Alex also claims that day traders make $20K to $40K per day, but according to ZipRecruiter, the average day trader salary in the U.S. is only around $8,000 monthly. Top earners only make $185K annually.
My Investing Club Review On YouTube
The Bandit Trader reviews My Investing Club and gives an insider view of the exclusive chat room. The anonymous reviewer discusses the strategies recommended by MIC. He also gives an analysis of various stocks like BPTH, XCLB, and EBON and discusses whether the conditions of these trades are met based on Alex’s advice. He shares his personal experience with MIC, where he made one “feeler” trade but didn’t make significant profit from it. Overall, he still recommends the program because of its educational value and community support.
Is My Investing Club A Worthy Investment For Moms?
My Investing Club could be a worthy investment for moms who are at least intermediate-level day traders. However, moms who have zero trading backgrounds might lose so much money trying to make this business work for them. Although possible, it’s unlikely to make a stable income with day trading because of its highly volatile nature. Only 1% of day traders are profitable. The chance of making a regular income from day trading is very slim. It’s a high-maintenance business and requires time commitment in monitoring markets and researching strategies. Running a household could already be stressful enough. Trading on the side may take a toll on a mom’s mental health. According to the National Institute of Health, 75% of adults who trade report physical or emotional stress symptoms. Frequent exposure to extreme trading conditions may trigger emotions like fear and greed, which can affect your judgment and personal life.
If you’re a stay-at-home mom looking for a low-risk and low-maintenance online business, my recommendation is local lead generation. This biz builds digital assets and ranks them on the search engine. This places you in front of an audience who are looking for the products and services you offer. As the owner of these assets, you earn passive income by renting out these assets. In the United States alone, over 10 million companies don’t have a site, so there’s a huge business opportunity here. Unlike day trading, your chance for success is not 50/50. Local lead generation makes continuous and predictable income you can rely on.
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