Popular trading education platform and peer support community ‘My Investing Club’ (MIC) announces updates to its risk management coaching for amateur day traders.
The latest launch offers subscribers an expanded suite of cutting-edge training tools and a state-of-the-art learning management system, arming those who are new to the stock market with a range of techniques to keep losses at a minimum.
More details can be found at https://myinvestingclub.com/chatroom
The announcement underlines the goal of MIC founders Alex Temiz and Bao Nguyen to widen access to careers in the day trading space. Having found a dearth of educational resources when they were learning their craft, the pair decided to create an affordable alternative to the high subscription fees of rival platforms.
MIC’s training suite is based around its busy chatroom – an active social hub with thousands of members from across the globe. This supportive community of like-minded trading enthusiasts provides a fertile space to swap ideas and learn from other traders. The chatroom is complemented by the platform’s renowned mentorship program which connects trading students with established professionals.
For most stock market beginners, losing money is an inevitable part of their learning curve. As such, MIC teaches members how to manage this risk and ensures that even bad decisions will not have permanent consequences for one’s pool of capital.
Risk management is partly informed by analysis. MIC offers tutorials on both fundamental and technical approaches to assessing trading candidates. The former focuses on a stock’s intrinsic value when identifying potential acquisitions with undervalued assets being the target for day traders. Technical analysis concentrates solely on price movement, simplifying large amounts of data via charts and graphs and spotting patterns.
Other approaches taught by the MIC mentoring team include the 1% Risk Rule. This principle suggests that traders should never risk more than 1% of their account on a single trade. This is particularly important for small accounts – those with $25,000 or less in tradeable funds.
Mentoring sessions can be either one-to-one or in a group setting and the panel can be reached via voice call or direct messaging. Weekly webinars offer live market recaps while daily trading blueprints offer a proven alternative to alerts. All tutorials are recorded and can be accessed in MIC’s video encyclopedia.
A spokesperson says, “My Investing Club is an exclusive club for people that want to learn the proper process for trading stocks. We go through and explain in great detail the strategies and setups and how to control risk each day.”
Additional details can be found at https://myinvestingclub.com/