Is trading stocks a legit way to make money from home? Or is it just another get-rich-quick-scheme?
Admittedly, I’ve always kind of looked at stock trading as a glorified form of gambling. And to be sure, there are risks involved.
In this episode, Teri Ijeoma does a good job of convincing me there really is an art and a science to it — and that it is a winnable game.
Teri is a former assistant principal at an elementary school, who turned her stock trading side hustle into a full-time income.
To replace her day job salary, the MIT grad set herself a goal of making $300 a day.
By trading stocks before school started and during her lunch break, she was hitting that goal in about a year.
Today, Teri’s on a Million Dollar a Day mission — that is, to help 1,000 people start making $1,000 a day trading stocks through her online course.
Tune in to hear:
- Teri’s trading criteria
- Her advice for new traders
- Why small players like you and me may have an advantage over billion-dollar hedge funds and Wall Street quants
- Where and how you can get started trading today
Pros and Cons of Trading vs Long-Term Investing?
I was always taught to be a long-term investor. And lately, I’ve had a lot of fun building up what I call my “cash flow” portfolio. Over the last few years, these dividend stocks have turned into a pretty healthy passive income stream.
But Teri has a different approach. “Buy and hold” can definitely pay off in the long-run, but what if you need money now?
Teri was working as an assistant principal at an elementary school, and she wanted an exit strategy.
“It just wasn’t fulfilling anymore, I was stressed all the time….If I could just make $300 a day, I could replace my income,” Teri told me.
Teri had some experience trading. She had done some as a side hustle in college, and also did an internship at Morgan Stanley on Wall Street. So, she knew the basics.
“I knew that it could work,” she said. “I knew that I could make money from it.”
Here were some of her recommendations for people getting started.
1. Build Your “Watch List”
One of the first things Teri teaches her students is how to pick the right companies to invest in.
Teri said this is vital to being successful as a trader. It takes time to get better at judging what makes a good or a bad company, but she did share some tips.
Pick Companies that are Doing Well
First off, she said a lot of people looking to start investing with a small budget tend to look for low-cost stocks like penny stocks.
Teri said it’s better to look for companies that are doing well to lower your risk, even if the investment is higher. She uses charts to track trends over time, calculate the Average True Range (ATR) of their stock, and some more metrics.
Pick Companies that Move at Least $1 a Day
She also said it’s important to look for companies whose stocks move at least a dollar a day to capitalize on short-term trades. For example, Teri said Amazon’s stock moves can move up to $100 a day. So, you’d only need 3 shares to meet a daily goal of $300.
Over the last 10 years, she’s built up a watchlist of about 30 companies. So, she’s been with these same companies for the long-haul, but continually makes short trades in and out taking advantage of stock price fluctuations.
Follow the Metrics (Not Your Heart)
Another tip Teri shared is not to lead with your heart. Don’t invest in companies because you like their products or the company itself. Always work off of factual figures and invest in healthy companies.
2. Separate News from Underlying Value
Back in December 2018 the market dropped around 20%. This was the perfect time to buy stocks, then sell them when the price bounced back up.
If you had just bought and held your stocks from that crash back in 2018, you’d be up now too.
However, buying and selling in smaller trades as prices fluctuate can be more profitable.
Black Swan events are unpredictable events that potentially have severe consequences. The coronavirus is a perfect example of this, and it’s something that affects stock trading.
Teri said she’s still investing in companies during the pandemic, and it’s a good time to invest in companies that will come out of the pandemic stronger.
Companies that are directly affected, such as travel companies, are high risk. They may have to change their business model going forward and it could take a while for them to recover.
Teri said some companies are not directly impacted by the virus but are still seeing a drop in their stock, such as Adobe and Roku. These are companies that are safer investments and are likely to see their stocks rise when things are back to “normal.”
3. Use Charts to Price Each Trade
Teri uses charts to track stock prices for a company and predict their future movements.
She shared that her methods had earned her a big win with Tesla, making $83,000 in a day. Teri said she was able to do this using charts to predict when the best time to buy and sell shares were.
To summarize this, Teri explained it as follows:
She uses charts to look for what’s known in trading as “candlestick patterns.” These are movements on a chart that resemble the shape of a candlestick, usually representing a large movement in price due to banks buying or selling a large number of shares.
Teri was able to see that the last time Tesla shares reached a certain price, the banks made a large investment and the price went up. So, she bought some stocks in Tesla and waited for that moment.
It’s similar to the principle of supply and demand in economics. When stocks drop to a certain level, there is an increase in demand and the price is pushed up. Likewise, when the price reaches a certain high, demand tapers off and the price is pushed down.
Trading Brokerage Platform
Teri said she uses broker and software called TradeStation, and this is the platform she recommends for her students.
Most importantly, it has a simulator account. You can practice using the platform and making trades if you’re new to trading before using any real money.
4. Manage Risk Using a Reward to Risk Ratio
Risk is a big factor when making trades. Teri said she teaches her students how to apply what she calls a “Reward to risk ratio” when making trades.
She recommends her students use a 3:1 ratio.
What this means is that the potential reward of a trade is 3 times higher than the risk involved. She’s also able to limit the risk because on TradeStation you can input a stop amount to protect you from losing a certain amount.
Using this strategy, you only have to be right 25% of the time to break even.
5. Grow Your Account 1% a Day
The amount a person has to invest isn’t the important thing. Teri encourages her students to try and make 1% of their cash account each day.
This means, if you have $10,000 to start with, you should aim to make $100 per day trading. Teri called this “very doable.”
That 1% snowballs quickly. It equates to around a 20% return per month, which would mean doubling your initial account in 5 months.
Of course, consistency is key, as is learning how to make the right moves.
How Can an Individual Compete Against AI and Wall Street?
Teri has been trading for 10 years, and admitted for the first 6 years she spent most of that time losing.
It wasn’t until she took some classes, figured out a system, and applied her learning to what she had been doing that she really started winning.
That was when she said to herself, “Oh, this is what’s going on.”
She says the key is to “Go with the big banks. Do the buying with them, and the selling with them.” That’s what makes her strategy work.
Another important thing is to keep a calm head. Teri said we have a natural tendency to panic when prices drop and think about selling. But that’s when banks are likely to start buying which will drive the price back up.
How Long Did It Take to Reach Your Stock Trading Goal?
Once Teri really committed to trading stocks to replace her day job income, it took about a year to reach that $300 a day goal. In fairness, there were several years of practice and education prior to that!
Teri said it’s not the learning that takes the most time when it comes to making money trading. Her students can go through her course and learn her system in 8 weeks or less; it’s practicing that takes the time.
Once you understand how to trade, it takes time to get familiar with spotting trends, understanding how markets change over the year, and so on.
Teri said it usually takes people about a year to hit their initial goals too.
How Much Time Does Trading Stocks Take?
When Teri still worked her day job as an assistant principal she would “book meetings with herself” to get some time alone in her office to do her trading.
She would take:
- 30 minutes to set up trades before trading opened for the day at 8:30. (She’s in Central time)
- Another 30 minutes at lunchtime to check her trades
- One final check when trading was closing at 3pm in the afternoon
Teri would then spend an hour in the evening looking at the charts for the 30 companies on her watchlist. So, she was able to meet her $300 a day goal while working full-time with about 1-2 hours a day.
What’s Next?
Teri is a world traveler, and had planned to alternate between working a month then traveling a month this year. But those plans changed due to global travel restrictions.
So instead, she’s really excited about the Million Dollars a Day movement she’s working on with her students. The goal is to have 1000 of her students making $1,000 a day, for a total impact of $1,000,000 a day.
A number of her students have already hit the $1,000 a day mark, so she’s getting closer to that goal all the time.
Teri’s #1 Tip for Side Hustle Nation
“Keep trying.”
Links and Resources from this Episode
- InvestWithTeri.com (my affiliate link for her course)
- ITradeandTravel.com (free webinar)
- Follow Teri on Instagram
- TradeStation
- Fidelity
- M1 Finance
- Alternative Investment Platforms
- My Teachable Challenge Course Launch Results
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Very interesting to see stock trading as a side hustle. I first tried my hand at commodities trading 20 years ago and remember discovering TradeStation back then. I haven’t used it since but I know it’s a powerful platform. I would have loved to see a little more detail on what strategies Teri uses here without having to pay the high cost of the class. Why not publish an ebook or a self guided class at a lower price point?
Have a long post/comment below, but appears she is just copying the course from https://www.tradingacademy.com/dallas/ They have the same talking points and use the same products. Just do a BBB business lookup on them and read the reviews.
I looked at the dallas course. Looks like the minimum to buy theirs is $5500.
Hi Link, I have a free webinar on how to make $1,000 in a day at itradeandtravel.com. You can start there if you don’t want to pay for the course yet. I also have free resources on my youtube channel at Trade and Travel and on Instagram at @imaninvestor.
The course is the best one-stop-shop so that you aren’t spending tons of time searching and trying to learn how to trade on your own though.
Hello Teri ,
I have been thinking about taking your course for a few weeks now since I heard you speak on The Come Up series. IF i start with the Trade and Travel for $2,500 but once I complete the courses there do I have to pay an extra $5000 for the VIP or can I pay the difference? Also, whats the best way to have more of my questions answered?
Thank You
Chris
I agree with the first comment, some additional details would be nice. I would be most interested in how she is following the big banks w/o investing the money in her class.
An interesting listen but I was dying to hear you ask why she is selling a $2k course if she is crushing it with trading…?
Good point. I guess some would say the high ticket of this course is for the rich get richer just because they have big $ to invest in the course and then in trading. I wish there were programs by people in the know who make their primary income by trading and love to teach just to give the small players a chance!
Check out Tastytrade.com, real traders.
Do you think I should charge higher? I have considered that too. It took me a long time to figure out how to trade and I have paid tens of thousands of dollars. I just wanted something reasonable to help as many people as possible learn how to trade without making as many mistakes as I did.
Read William O’Neil’s “How to Make Money in Stocks” read some technical analysis and behavioral finance books, then decide if you need to spend beaucoup bucks on someone’s course.
I’ve been walking this walk for ten years; it can be an excellent side hustle if you can remove fear, greed and a desire to overtrade from the occasion. You can learn chart reading, you can learn money management, but if you can’t control your emotions, don’t play this particular game.
Trading the Measured Move… Personally think this one is much better. Have read both!
Buyer beware. I’m an insider on the industry and a couple of friends flags caught my attention, but before getting to those there are 100s of free resources [more than happy to share with people] to learn for free. http://www.investopedia.com is the main one.
1. Appears she is just copying the course from https://www.tradingacademy.com/dallas/ … They have the same talking points and use the same products. Just do a BBB business lookup on them and read the reviews.
2. I would love to know what her Sharpe Ratio
3. Although didn’t say she was exclusively day trading only, but alluded to the fact that is heavily the case. With that said and the statement of only $10,000 you can only trade 3 days a week to avoid having your account frozen and being flagged as a Pattern Day trader. The biggest problem with her strategy is if a person is “round tripping” [opening and closing] a position in the same trading day and their account is under $25,000 you can only do this 3 times within 5 full trading days, which if you do this 4 times in 5 trading days your account is only allowed to close positions and is frozen for 90 days on opening new positions.
4. “Selling options” is not the jargon/lingo used by traders. “Writing an option” is
5. The claim at the 42 minute mark: Shorting the S&P 500 index by selling options… Almost went into detail got tripped up and stopped
o The simplest way to do this is to borrow and sell short the shares of the $SPY etf as it is extremely inexpensive to do due to the high liquidity
o If you’re going to use a simple option strategy you would BUY not write a put [I personally wouldn’t due to how high vega [volatility] is right now] to take a synthetic short positon
o You can short the stock with writing options in 2 different ways
1) Writing Naked Calls | However, this is the most risk any trader can take [options & stocks only] on and if you trade professionally this is not allowed in 99.9% of circumstance with compliance due to risk exposure. Not to mention for a person to be approved for this ability to place this trade their account would have to have significant net worth and assets to be approved by their broker
2) The other way is writing a call vertical spread or also referred to as a bear call spread. Again this IS NOT ideal during times of high volatility. If you’re approved for futures trading this is where I speculatively trade the index [long/short]
6. Nothing on her LinkedIn about Morgan Stanley
7. If you’re a short term / day trader, you’re not worried about fundamental analysis on most of those strategies unless you’re doing relative value / NAV arbitrage strategy or event driven strategy. She spends the majority of the epsidoe talking about charting which is technical analysis… If you want to learn more about that check out the Chartered Market Technician books https://cmtassociation.org/ … Also the book trading the measured move is a really good one
8. If you’re a listener to Nick, I am guessing you probably have read MJ DeMarco’s books and this comes off as one of those “gurus” who makes money on packaging up free information you can find on the web and makes money on the classes and not the actual skill being taught in those classes.
I really do not care if the above came off harsh to people, but I love my industry and what I do and hate when I see when people potentially get taken advantage of. I AM NOT saying that is the case here, but I would like to share my professional knowledge and current insight. Oh just remembered another one:
9) we broke well through 2018 support levels on the most recent sell off so her claim on that we bounced off that is false and inaccurate. And I knew why the day it happened from one of my prime broker friends, but it is now public info if you go to http://www.bridgewaterassociates.com or the wsj.com and look up the “Risk Parity” trade that cause the HUGE liquidity issue in the market and why the sell off was so drastic but also so over done. Citadel, Bridgewater and Millennium risk parity trades blew up and their treasury positions were levered anywhere from 20-50x and so they got margin called by their prime broker which caused the massive indiscriminate selling from unwinding those levered positions.
I love this space so feel free to follow up with any questions or thoughts. More than happy to help.
Thank you!!
Thank you for this! For the absolute beginner, what book do you suggest we read? And, how much would be the minimum investment you’d suggest? Thanks again for your help, BD!
Thanks for your feedback BD. I think it’s healthy to go though it with a fine tooth comb.
Yet how are people going to become better traders if you just tell them to go look up a website, read a book, and not take a class? Taking my class to learn how to pick good companies, protect their risk, and read charts will at least help them more than just looking at a YouTube video and playing around on Robinhood.
I’m a regular person trying to help regular people become better investors. So I try to speak in ways that average people will understand. They are not going to understand what I mean if I say “writing options” versus selling them.
I’m mainly a swing trader, yet I look for opportunities everyday. I still personally like writing calls and puts versus buying them. I like the theta to work for me. It’s okay for us to have different opinions on that though. There are tons of different ways to make money as an investor.
A lot of people need help, and it sounds like you know a lot. Why don’t you start a class? I’m teaching to help people because I know a lot of people are out here losing their money by investing without a trading plan.
I think it’s important that people like us, who do know what we are doing, offer help. I’m glad you did that here and that’s what I’m trying to do too.
Right… why doesn’t he create a course, lol… since he knows so much.
I have personally found your information extremely helpful from just this podcast alone. I am excited to check out some of your videos and learn more of your wisdom. I started trading recently after making some consolidated cash from the discounted market(Mostly CCL, NVHL, EAT and some other randos). I turned $3k to 5k over a 6 month period and consolidated cash at that point and decided to started trying some day trading. After studying some strategies I decided to use a scalping strategy looking for 1% returns. I was personally looking at much smaller stocks in the $1 to $50 range to trade with l and was looking for a .01 to .10 in daily volatility . I made 4 trades and made $128 on Day 1 with this strategy . Wow. I was shocked that it worked. Two of those trades were of the same stock TAHN and another was Sonoma Pharmaceuticals and HLT (this one I shorted). I did not however know about the margin requirement of 25K before each trading day for those doing four or more day trades in a 5 day rolling period. I got the margin call slap on the wrist. I never really thought of the idea of using bigger stocks like Amazon which I found interesting. I am going to do some more studying for when I start daytrading again. I currently have an additional savings of 5K which I will add to my investment account giving me a total of about $10k to work with. My plan with the broken market was to reinvest all 10K into stocks which are what I would call guaranteed money doublers (I know the word is not real). This would refer to stocks whose intrinsic value would be at least double what share price currently is selling for. My plan is to double my money add it to the investment cash account and then deposit an additional 5K over the course of the same year from work income thereby bringing my Equity to $25,000. My question to you is do you think it would be better for me to continue Day Trading with the 3 trade per week limit(Do you think with 10,000 I can make more than $1000 a month towards account) or would I better off with the current plan of letting the broken market work for me and then day trading after I have my 25,000 minimum equity? Thank you in advance for your quick advice! I think your goal to empower others to make money is incredible.
My Best,
Daniel
AKA Sparrow the Rapper
https://www.youtube.com/watch?v=WtgxzrKi8JU
https://soundcloud.com/daniel-stringer-4
Haters gonna hate. I loved your interview and learned so much. I am brand new to this and found it informative and easy to follow for someone who isn’t in the game and doesn’t understand the jargon.
This is that course!
Great detailed response which should save some people a lot of money!
THANK YOU!
She spent her time and effort to figure a system that works for her. Think about how much you spent on countless useless classes in college for that wonderful diploma you’re not using. You are giving her flack about charging 2k.
Still, if I was in her shoes, and truly making $1K a day, I’d love to help others do the same, especially in these hard COVID19 times… helping others get ahead offers the kind of satisfaction that no money can buy… but then again, that’s just me. I’d charge for a course like this somewhere around $499. Way more affordable for most!
I would pay $499 for this course. Not $2,000
In full disclosure, I’m a student of Teri’s. Her class is well worth the investment. Using her strategy, I’ve made back my investment twice over (I started in December 2019).
Not only do you get the course materials, but there are multiple live coaching calls every week where you get walked through the strategy and have the opportunity to ask questions – in addition to an active community of folks who are all interested in seeing everyone succeed. This really is a tremendous value. She even offers payment plans so you don’t have to pay the full lump sum up front.
It’s well worth the money. I’d advise those with questions to reach out for answers instead of attacking the program in the comments. Teri’s program is great.
Did you do the basic course or the VIP?
Woww. The comments on this thread lack alot of research. I truly wish some of you at least checked out the one of a kind benefits the Invest With Teri course comes with. I’ll give you 3, that made me buy the course.
1.) A 1200 student FB group for trade and travel students. When I joined last April 2019 there were only 400. (None of us can fail on a trade with a support group that won’t let you trade prematurely. Books are cool but leave you to figure out how to secure your money ALONE. So, Yes good luck trading this in this volatile market with a $500 book.
2.) Tradestation linked with Teri, we pay no monthly fees commission fees. If I bought a book I’d have to pay $150-$200 amonth just to use TRADESTATION. Trade and Travel sets your brokerage account uo to where you keep all of your profits without having to pay the fee. Thanks Teri this move you did for us newbies with Tradestation puts us in the game in itself is worth alot more than 2K for the course. Some of my friends (pro traders) joined just to get the Tradestation free a Trade and Travel student perk.
3.) Tradestation has a sweet margin account set up. They allow us Trade and Travel students to day trade with 4 times the money we put in. Example. $2000 in your brokerage, margin account gives us $8000 to trade with. If I was a baller (which I wasn’t when I joined the course.) and I decided to enter with $25K Tradestation would give me $100K margin to trade with.
This is we students hit 1K a day. The process was scary because I was worker minded. My mindset almost stopped me from joining the course. Don’t let fees scare you from blessings. My course is paid in full and I never would have known how to trade successfully if it wasn’t for Trade and Travel. So before you let your anxiety of fees scare you from actually blessing your portfolio check out what our group is doing. We are making money and none of us are getting let behind. Join the cheap courses if you want. See if that book will be there for you while you’re trading with your hard earned money. Shout out to my trade and travel family I couldn’t have made it this far without my fellow students, and Teri, keep on keeping on. God bless you for giving us tools to succeed for not just a month, but a LIFETIME!!
As a father of 5 kids I can tell you her course is real and forever lifechanging. When I started last year my portfolio was just $500. As of now 10K… (Margin account power for 10K is 40K.)
I am a proud 1K/Day student. Whether some believe me or not isn’t going to stop our accounts from growing using her strategies. Heres a link that will give you peace of mind and show you how we do it.
https://youtu.be/fukcNavdWTw
As a trader who has been around too long, I immediately write off something that involves a discretionary approach. It’s too easy for course sellers to hide without empirical evidence. Happy to be corrected (I only read the text version of the interview) but this sounds discretionary.
I’d steer ANY newbie AWAY from this course
Yet what would you steer them to? Too often we steer people away from things but then leave them without a solution. Now they’re trying to figure it out on their own because they’re afraid to learn from a coach or mentor. I am OK if people don’t use me as their mentor, but I do think it’s important to get some education before you start investing.
I missed your reply, sorry.
It would take an essay to answer your question with sufficient nuance.
I’m happy to attempt to do so, but I’ll give the readers here a couple of quick tips that WILL help them.
(a) Start with a system. A rules-based, testable method. I could give one, but am I really going to do that, in a reply, in a comment thread, in a blog post, on someone else’s site? Why? But beginners, at least start here, and start learning about ‘trading systems’. You could spend a small amount on some Amazon books to learn things like: what is a trading systems, what various instruments do people trade, what are the components of a trading system? How does a trading system fit into an overall approach to investing? So – tip? Read some books, but don’t stress looking for the holy grail system rules. Instead stick to trying to learn ABOUT systems trading.
(b) Pick up some basic statistics and probability knowledge. You could pick up sufficient easily and free.
(c) Trading capital – start small and work up.
(d) Speaking of instruments – avoid options. I do NOT recommend them for beginners. Looks like you do, so that (along with a discretionary approach) is 2 strikes against you.
Actually (Nick) so does your other ‘trading’ interviewee. So, strike against them as well. I’m not going into more detail on this reply, no one is giving me a benefit for doing so.
(e) Psychology – nothing airy-fairy here. But do read up on behavioural biases, gambling. There’s probably a couple good books in this field. Realise that (a) you have biases and (b) they’ll be working against you.
(d) Goal – what are you actually trying to achieve? If you’re in your 20’s (time on your side), on your way to a good career (income future looking good) and simply want wealth in retirement…don’t even bother trading (unless you REALLY want to, for some reason). The impact of putting more money in, for more years, into a more proven strategy (e.g. factor investing equities in a non-taxable account) will easily outweigh the after tax profits of a trading program.
(e) Realise that – actually nobody is out to particularly help you. Trading…short-term / leveraged trading (especially a robust quant system showing profitable results) is something YOU have to come up with, nobody is going to give it to you. You might find some sold (at a price) but more likely you will only be sold the signals (to keep the rules proprietary). Giving that away is only going to kill the goose that’s laying the eggs. That’s why you have to learn this stuff yourself. This is why – despite what the internet will try and tell you, if you go searching for terms like ‘make money day trading’ or whatever – NOT MANY people actually DO make a profit at this. Not many at all. That’s been proven many times (trading records of brokerages etc). This isn’t like putting your money in an index fund for retirement. This is more like looking for buried treasure. No-one is going to just hand you the map with ‘x’ marks the spot. Sorry! Go an get it yourself, or…give it away. That’s my advice.
(f) There are probably decent educators out there. No problem with that. Look for those that teach system design, how to analyse the stats, those that talk about what to do with stale systems. Learn proper back-testing practices etc.
That’s my back of the napkin answer. Sorry for the brevity.
My #1 rule is that it doesn’t matter what you make, it matters what you keep. That is, if someone is trading in a taxable account, all the trade gains will be taxed as ordinary income which will reduce the net gain considerably. Second, when one of these experts tout their system, I just ask to see their custodial statements to verify what they say. Funny that no one ever takes me up on this offer. People love to brag about their winners, but I rarely hear them talk about their losses. And finally, there is no credible academic study that I’ve ever seen that supports technical analysis as a superior investing approach. If someone knows of one, please share. The basic issue is this: the future is un-knowable.
I’m another student in Teri’s entry and VIP courses. I purchased both courses in mid March 2020. Over about a nine year span I’ve traded up and down (more losses than gains). I’ve read many books and spent what seems like a million hours on the internet learning about the topics associated with varied trading and investing techniques. I’ve read countless journals, self-titled professional opinions and some facts, reports, viewed many videos and so forth. I can go on.
Other than buying books, I have never paid a cent on any education. After a while I realized that everything I read in books were actually mirrored on the internet in some form. When I heard about Teri’s courses and reviewed all the information I could find on them, I told myself that this is it, the point where I’m ready and willing to spend some money on some education. I did it and I say ditto on what the previous students who posted here have already said.
I’m speaking specifically for me. I’m very particular when it comes to putting out hard earned cash on anything material or immaterial that I don’t believe would be financially beneficial.
A couple reviewers here spent a bit of time spitting out their accolades and knowledge in the business, in the game. Those are the kinds of reviews I’ve passed over through the years. My knowledge is not embedded with a lot of financial and economical experience and skill. In fact, I’m a 31 year retired Naval Officer (Go Navy) and a 10 year retired Federal Investigator. I say that to say most people joining Teri’s courses are not wayward low to medium wage 9-5’s who don’t know any better and are looking to strike it rich quickly, or even strike it rich at all.
I ran through her courses quicker than most. They’re self-paced building blocks. Even as I went through them I was able to join in on the aforementioned group training sessions, discussions, real-time demonstrations, impromptu live training via several social media platforms etc. Even with all those opportunities for learning, I’ve still got a lot to learn because learning never stops.
Again, I can go on but that said, since mid March, I’ve jumped between my simulated account and my real account in trading stocks and selling calls and puts. Without throwing numbers out, I’ve paid for my courses a little over 2.5 times. I’ve done it without the high-level, trendy terminology/terms used by the top professionals who has worked in the business for umptiump years. I’ve done away with terms like hammer, gravestone, dragonfly, morning star, and other hanging man terms. I’ve used the steps and techniques taught in the courses, stuck with them and I’m winning. I’ve had my losses and I’ve had my gains. When I add it all up, I’m winning.
We all know the old saying, “there’s a million ways to skin a cat.” Well, it appears some have their way and we have Teri’s way. If they both work GREAT. And ripping our courses apart in bland reviews when you haven’t even seen the inside workings of the processes does not invalidate their effectiveness. And when you do rip one opportunity apart, provide an alternative the can potentially be equal or better. Until then, and likely even afterwards, I’m winning with the courses that have changed my gain/loss ratio from negative to positive.
If you don’t want to buy the course then don’t. Leave the lady alone, it works for her. Go do your thing and be happy. Go Teri, go!
Day trading is too stressful and unpredictable as a single source of income, IMO. I believe in long term buy and hold of indexes or dividend stocks, coupled with access to margin to sell a few OTM naked puts per month. Roll the puts if needed. It takes almost no time and let’s me sleep well at night. I get a few extra % in returns every year as long as I don’t get foolish and sell too many naked puts, plus it’s pure cash flow. I did a write up of it here: https://smartdevpreneur.com/my-first-1000-a-month-side-hustle/
Really disappointing to see this. Usually you’re putting out interesting ideas and lots of examples of people finding a way to be useful/add value to people’s lives and making this a business.
Day trading is gambling, there’s no other way to cut it. And no doubt you’ll take a good cut from this course.
But especially at a time when millions of people are losing their jobs, this is opportunistic at best, and parasitic at worst. A promise of untold riches out of thin air for lots of people who are likely in desperate situations.
You really should consider retracting this article, donating any money you’ve made to gambling support charities, and get back to talking about business ideas that actually deliver value to people.
Appreciate that feedback Tom. I knew this would be a controversial topic, and as such, tried to strike a cautious tone, recommending further research, education, and most importantly, practicing with “play money” first. I’m sorry that didn’t come through on air.
Hi Tom, I appreciate your sentiment. I agree that people that are desperate should not invest or take my course. Active investing is not a get rich quick scheme.
However, many people are investing without any knowledge of what they’re doing. They’re just opening up Robinhood and E*TRADE accounts and throwing their money at it. Those are the people that I’m trying to help become better traders. Those are the people that I want to be a solution for so that they at least have a better strategy to help them.
People are opening up Robinhood and E*Trade accounts because they allow you to invest in fractional shares without having to cough up hundreds or thousands of dollars to buy one share in a company. Many people during this pandemic, myself included, don’t have $2,000 to throw at a course that is not guaranteed to help them in the short term. Long term, I’m sure your course holds merit. I have a Robinhood account and put a little bit of money in it from time to time as I’m playing the long game. It’s fun and exciting to see the gains and the losses I know are a part of it. If I had an extra $2,000 laying around I would happily pay for your course since I do want to learn more but this way out of reach for many.
Trading isn’t a gamble if you’re educated on how to read charts. One thing I learned as a swing and day trader is that numbers don’t lie. For anyone trading that doesn’t know how to read charts. I would most definitely then call that gambling. Risk management and technical analysis make successful daytraders. Treating your portfolio like a slot machine never got anyone trading far.
I too would have liked Nick to ask, or her to offer, what her worst trades were – as William J O’Neil says, along with many other uber-successful investors, you have to learn from your mistakes, too. She never alluded to “mistakes.” Also, the gist of O’Neil’s book is sort of similar – sell when you make 20% profit (unless it’s a runner) and never lose more than 8%. OMG. If I just followed that last bit of advice. Sigh. Yep, something is a little fishy here.
Nevertheless, I love an entrepreneurship story and if she’s giving back, more power to her. Just not sold, personally. His guest who buys/sells options was terrific btw. And he freely offers his advice. FREE.
Appreciate that feedback, Lynda.
For reference for others reading, the options trading episode featured Kirk DuPlessis from OptionAlpha.com: https://www.sidehustlenation.com/options-trading/
I think Teri’s trade and travel course is amazingly detailed and best of all it works when followed. Remember, in trading, no strategy is 100% all the time and Teri teaches that as well. I have read many books and was introduced and taught option trading years ago by another person who trades full time for daily income. Both strategies are very similar and works. Also, Teri is an incredible teacher, one of the best I’ve ever had and the price of the course is well worth it. It is a small investment into your future. I don’t think any other trading course or school can come close to this one. We are being taught a skillset that has been around for a very long time, so it has stood the test of time. Teri also makes herself available for her students. Thank you Teri for dedicating your time, when you don’t have to, in an effort to teach a skillset that really should be offered in most schools but is not (but we know why). Maybe one day you can change the dynamic of our school systems and teach our youth about the largest markets in the world. Stay dynamic Teri!!
I’ve been a student of Teri’s since October 2018. The most important skill she taught me was how to read stock charts. I was a total beginner and she made trading easy to understand. Her steps are easy to follow and after practicing in a simulator, I’m now able to make consistent income in the stock market. I’ve watched countless videos on YouTube regarding trading which may be helpful in understanding concepts but in order to be a successful trader, you MUST be able to read the charts in order to know where you place the trade. I never expected to be able to make $1000/day when I first began. But I did. Teri has countless students who make it to the $1000/day club. Don’t let fear keep you from learning a new skill. If you have any questions, DM me on IG: AnnettesWorth. Stay safe.
I’m not understanding all this seemingly deliberate & concentrated negativity regarding Teri Ijeoma’s trading course. She gave an “overview” of her course in the podcast; she didn’t go through her entire course on the show! So for those who say she didn’t speak about losses, yes she does. In her course she clearly speaks about big losses & the mistakes that caused them as one of her many cautionary tales throughout the course. I’ve taken her course and I’ve had many gains as well as some losses, but I can tell you this, if it wasn’t for her, I wouldn’t have my accounts sitting pretty the way they are right now. The beauty of Teri’s course is that she speaks to the layman and brings them into a new world of financial literacy in the stock market. If her course isn’t for you, it isn’t for you. If you think the price point is too high, then just say so and move on because plenty of other people (shall I say thousands of other people) would beg to disagree.
The reason people are being negative it’s because she’s asking for a lot of money when the stock market is tanking. Also, she sound like she make her money selling course’s like most guru’s. My question for you would be why would you expect people to be positive about giving alway 2k with everything that is going on right now? You don’t have to pay 2k to learn what she is teaching. It may take a few more months to learn what she is teaching, but if you do your research you could easily learn what she is doing. One, example I have for you is one of my friends just started a business and bought a course like Teri’s that was over priced. It did help him get his business started and his business is doing good, but he over paid for the information because he wasn’t willing to look around and do his own research. I found the same information he paid 1k, online for $10.00 after doing my research and looking around. It’s not a bad thing to buy a course to help you if you have the money and don’t want to do the research, but everybody’s not going to do that. Most guru’s sell you information that can easily be found online by doing a little research. Also, it good to just learn by starting and felling. Teri is a really good example of a guru, because she won the “Teachable’s 2019 Creator Challenge”. I think Teri’s should have come on to Side Hustle Nation and talked about how to create a course that can make you 6 figures and travel the world and also promote her course while she was talking about creating a course.
As a student of Teri’s, I can honestly say that her course is comprehensive and well worth the cost of admission. Losses are inevitable but she teaches skills to keep losses at a minimum. My motto is, “don’t knock it until you’ve tried it.” The system she teaches, works!
I’ve been a member of Teri’s course for almost a year. It took me a while to sign up because I’m very frugal. Paying $2000 for anything (payment plan or no payment plan) gives me pause. After watching several of her YouTube videos (https://www.youtube.com/user/tijeoma) and interviews I decided to invest in myself. My initial goal was just to make the $2000 back in with trading. I surpassed that goal within the first 4 months. I wish I had joined sooner.
I share this to say that Teri’s Trade & Travel course makes trading (swing, day and even long-term) very easy to understand. Her 7-step process is tried and true. Each member of her program can attest to the success they’ve had when they followed the process. It is not a “get rich quick” anything. You have to put in some amount of work to learn the process. As with all thing related to the stock market, there are risks involved. Part of the process Teri teaches is how to manage the risks. So many benefits to taking the course. The ones I find most beneficial are as follows:
• I now have a money-making skill that I’ll have for the rest of my life. No one can take that away from me.
• A growing library of Teri’s videos that allow you to learn at your own pace and you have lifetime access to.
• A VERY active Facebook page where student (new and very experienced) share everything from wins to losses, to charts, questions and answers.
• Weekly (sometimes multiple times a week) calls with Teri and her team discussing the current market and specific stocks
• Access to Teri’s watchlist – updated as she adds or removes stocks.
• TradeStation allows you to trade in the Sim setting with fake money until you get comfortable enough to trade with your own money.
Visuals help. I invite you to go to Teri’s IG (https://www.instagram.com/imaninvestor/) or her YouTube page (https://www.youtube.com/user/tijeoma)
I wish you all success with your side hustle journey.
Madison – After taking Teri’s Trade & Travel course, are you actively trading? or do you need to also take the VIP course?
I for one found Teri’s side hustle fascinating! If I had an extra 2 k I would jump in with both feet. Thank you Teri
Wow! It seems to be a lot of very smart people on this thread. I understand it is rare to see someone as successful as Teri and genuinely trying to help the average Joe build wealth. If you’re a non-believer go do your research — folks can have real success with this.
How do I know? Well after enrolling in Teri’s course in July 2019 I was able to learn the skill of trading and quit my 6-figure job as an executive at Walgreens after a 16 year career! I have a whole family to provide for and no way I would walk away from my comfy corporate gig if I couldn’t supplement my entire income. I’m now a full-time trader as of February 2020 because of Teri!
James it’s not rare to see someone as successful as Teri on Side Hustle Nation. I think the CEO of 1-800-GOT-JUNK is more successful than Teri and he was on the show.
I’ve bought courses to learn information like the next person and didn’t get mad if other people didn’t want to spend there money on the course I bought. Spending 2k is a lot of money for a video training. Everybody is different and what worked for you may not work for me.
I just listened and took notes on the podcast and here was my initial takeaway… I left the podcast with questions and a real interest. I checked out the website and was VERY startled at the price of the course – 2K! Wasn’t expecting that. Second – I wish she was able to share some concrete numbers in the podcast… meaning if I’m wondering how I am going to afford a 2K class, I obviously don’t have a lot of discretionary income… in the podcast she threw around numbers like $30K to start… if you are talking about people who need a side hustle that means they already aren’t earning enough at their regular job. So, when marketing to the “joe and betty six-packs” of America I think it would have been helpful to share some ‘qualifiers’ first. Like if you want to be able to do this plan on having $5K you can use… 2 for the course and 3 to start with.. or something like that.
I am a part time worker and a full time wife and mom… I have sparse spare income – how can someone like myself take advantage of a program like yours?
I am also a student of Teri’s and I can tell you her course is well worth the price. I’ve made my investment back and have learned to trade with a great mentor and fellow students and successful traders that have support to lean on. I’ve gained the tools needed from her course that has giving me the opportunity to supplement my income. She has also given me the confidence that I did not have before. This was money well worth spent and I feel that it was an investment in myself for me and my family. She has a great style of teaching and is there for you the whole way through the learning process and thereafter. She goes over and beyond to make sure her students Gain the knowledge they need to become a successful trader. She is very transparent and a Godly woman. My goal is to become a full time trader in the near future and I know I will reach my goal by taking her course.
If you have any questions on the course please feel free to contact me on my IG @karlenegabourel
Thank you for your input and experience of the class. After praying about this and talking with my husband, I have decided to spend the money and invest in myself and our future. Very excited to start!!
awesome Karlene! glad to hear it.
what kinds of returns have you been getting since you got it?
I recently revisited Julie Jason’s ‘Retire Securely,’ with the market being what it is. Julie has a whole section on Investing. She goes over how you set up buying and selling rules, other sources to refer to for investment research and what to do in a down market. It really gave me comfort in times such as these and I hope it does the same for you. Link at the bottom:
https://juliejason.com/books/retire-securely
Reply
Nick, I am a big fan of the podcast but I think this episode is a big swing and miss. A real disappointment.
Stock trading may be a “hustle” but it’s not a business. Yes, some people can make money doing it, just like professional poker players can make money doing it. Neither is a business that adds value to society. Both come with much higher risk than most of the ideas covered on the podcast.
One thing I like about the podcast is that most episodes give plenty of practical advice and ideas for starting a side business, often for little or no money. This one doesn’t.
Nick, you’ve spent years building trust, goodwill and a loyal following. The fact that this episode popped up at the beginning of an economic recession and there’s an affiliate link to a two thousand dollar ‘system’ leaves a really bad taste in my mouth.
Appreciate that feedback, Hugh.
You can’t please everyone. $2K is a lot for most people, but if it’s helped her students good for her and for them. I myself am glad for this podcast. I am not a student of Teri’s and have found most of the info out there on my own, however everyone has certain strengths and weaknesses. Others may need to be guided. If it doesn’t work for you that is okay, find a business or idea that works for you. Nick there was no bad taste in my mouth at all from this, I rather enjoyed it. We are so quick to tear each other down, but some are willing to pay $70K for a college degree and only making $40K. To me it’s quite simple. I wouldn’t pay that much for the class at this time, but I don’t knock those it’s helped.
Keep your head up Teri!
This is another disappointing episode. The Podcast is great when it focuses on legitimate businesses engaged in actual business / side hustle activities. All Guests promoting Info Products / Coaching / Mentoring (Collectively “Worthless Products”) should be required to provide proof of some type of track record or accomplishment prior to being scheduled on this Podcast.
Ask the Guest to provide a PDF of her Stock trading records / certified by her accountant so her questionable claims might seem believable.
Also, it would be a good idea to check the IP addresses of each positive comment above to make sure the comments have not been posted by the same person / Guest.
Nick – Your Podcast is one of the Best and Most Enjoyable out there, you should be able to tell the difference between a legitimate Side Hustle and a questionable Info Product at this point.
Sorry to disappoint. I have a rigorous guest vetting process and accept fewer than 5% of the inbound pitches I receive.
I’ve never asked guests for accountant-certified documentation to verify income claims, but many, Teri included, have provided their own documentation.
All positive comments came from different IP addresses.
Nick,
Not disappointed with your reply at all. I am a big fan of your Podcast and nobody bats 1000.
Keep Track of Your Vetting Documentation!
Listened to the show, and read through the comments – and I may have just missed this; but can someone tell me if Teri or her course addresses the $25,000 minimum requirement for day-trading ?
Is that the level needed to really get started ?
Unless I’ve read incorrectly, to really day-trade on the US Market you need an active account with $25k in it, unless she is talking about getting started in other markets.
Thanks!
Ryan
Curious to know what Teri has to say about socially responsible investing. I’ve never played the stock market and while Teri’s insights certainly piqued my interest, I get hung up on the idea of putting my money towards companies I don’t believe in. I understand using Amazon may have just been a broad example but if someone was to take her course, could they be a successful day trader if they only chose socially, environmentally and ethically responsible companies?
On that note – Nick, since I just got into your podcast and am enjoying it very much, could you point me towards episodes that address side hustles that are socially, environmentally and ethically responsible? Thanks!
Thanks Ryan.
Here are few that come to mind. These two save a lot of stuff from the landfill:
https://www.sidehustlenation.com/flea-market-flipper/
https://www.sidehustlenation.com/thrifting-for-profit/
This guys sells a course on how to start a microgreens business:
https://www.sidehustlenation.com/set-up-and-sell-your-online-course/
This guy is using the proceeds from his side hustle to further is permaculture projects:
https://www.sidehustlenation.com/start-a-knife-sharpening-business/
This guy picks up trash from parking lots:
https://www.sidehustlenation.com/litter-pick-up-service/
This guest helps libraries deal with homeless patrons with compassion:
https://www.sidehustlenation.com/selling-digital-products-b2b/
This guest’s vending machine business supports local schools:
https://www.sidehustlenation.com/vending-machines/
This guest’s incredible community is improving thousands of financial lives:
https://www.sidehustlenation.com/free-challenge-turned-500000-year-business/
Awesome! Thanks Nick
Nick, thanks for bringing this podcast forward and letting people vet the information for themselves. Some will agree and some will disagree. It’s all good.
The price killed it for me. The information may be good, and people can charge whatever they want for their services. But to act as though this is for “regular everyday people”, to “help” them…
I have been part of a free trading community on Twitch, the streamers name is thestockguy, you can watch him analyze his plays live. I’ve increased my (small) portfolio by 30% in the past 6 months with mostly swing trades and some options when the market was tanking. If you want community where you can ask people questions, you don’t have to pay for that, but you do have to do some of the work yourself in how to get there, and realize that no matter who is giving you the advice, the stock market is unpredictable in absolute terms. Patterns change. 20% a month as a regular thing would be insanely lucky, and the risks to make that happen consistently would be very high. I’m not a professional trader, I’m still learning, but so can you – for free. There is a discord server where members can discuss things, and while it can be a bit silly, it offers a wealth of information.
Every trading day at open he’s on: https://www.twitch.tv/thestockguy
that’s awesome Chris! what kinda work did you have to put in for this 30% return? do you think you could’ve made a similar return in 2019 or is it only because of how the stock market is these days?
Nick,
This episode really had your followers split!
I think an episode in the future should be dedicated to those that took this course. Are you willing to sponsor someone here to be the guinea pig and test the course? ;) I think a good number of people would be curious if this really works!
seconded. this was really interesting but i’m not buying it b/c of how expensive it is. and the returns seem a bit too amazing to be possible. 1% a day is a 12x return in a year. ie instead of a 10% return it’s 1200%!! that seems a bit too incredible to be possible or at least to be believable.
I want to take the course but I must talk to a human first
Imagine that $2000 being used as a starting point for investing! A number of people wouldn’t have money to start trading with after paying for the course.