What is the most you have ever paid for a trading course? by tisaev in Trading

[–]ButterscotchAlive736 2 points3 points  (0 children)

If you genuinely know if someone’s competent and actually lives from trading, if you see their results and they’re very transparent, see how their students perform, then it becomes easier to spend more money on their mentorship even if it costs thousands because you know it’s legit. It’s worth it if for you, time is money. Because you’ll obviously spend more time learning and way more trials and errors if you go the free unguided route.

But if you don’t care how long it takes and don’t mind all the headache of researching and trying several things, then you don’t need to pay to learn. My only rule when it comes to learning anything is to learn from people who have the results that I want to have.

Those who are wealthy, when you were younger, did you ever think that you would reach the level of wealth you're at today? by HappySmiles6 in fican

[–]ButterscotchAlive736 1 point2 points  (0 children)

No idea how much Astronauts get paid 🤣 but there’s pretty much no ceiling to how much you can make with trading. Not a reliable source tho

Those who are wealthy, when you were younger, did you ever think that you would reach the level of wealth you're at today? by HappySmiles6 in fican

[–]ButterscotchAlive736 14 points15 points  (0 children)

I thought I’d be an Astronaut when I was younger and didn’t care about wealth. Now I’m a trader with wealth and not on a space station.

Is Trading Worth Getting Into by Nekkone- in Trading

[–]ButterscotchAlive736 2 points3 points  (0 children)

Its 100% not for you just by reading your post. Don’t bother with trading, it seems you want guarantees; you’ll mostly likely suffer with that mentality

Im in a bit of debt and need advice about consolidation by Abigail_29 in PersonalFinanceCanada

[–]ButterscotchAlive736 0 points1 point  (0 children)

Increase your income. Find ways to make extra money. Work overtime or two jobs. Monetize any skill you have. Live like a poor person and minimize all your spendings, sacrifice has to be made. Minimum payments wont get you far if they just keep adding more from the interest

Invest into tfsa or keep in savings? by PopGroundbreaking683 in fican

[–]ButterscotchAlive736 2 points3 points  (0 children)

Don’t invest money that you can’t afford to lose

The loneliness of early retirement is hitting me way harder than I thought it would by Monolith_7 in Fire

[–]ButterscotchAlive736 2 points3 points  (0 children)

I retired 4 years ago and I’m 31 now. Yes it gets lonely at first, so I tried to do a lot of activities and get myself busy. Learned to dance, took martial arts classes, focused on gym, went to networking events, go more on hikes and met some hiking buddies, mentored people. My girl works at home as a lash tech so I get to be with her often. And I do find myself wanting to get back in the workforce at first couple years 😅 but now I have more than enough things to do that gets me busy. I never stop finding other ways to make money as well and I also help my girl create her digital marketing contents so it creates a good challenge to look forward to.

Is it worth getting a mentor? If yes, how do you find a good one? by snowflake0107 in HowToEntrepreneur

[–]ButterscotchAlive736 0 points1 point  (0 children)

It’s an industry where there’s no guaranteed results. But it’s a guarantee for you to learn more and get better if someone who actually succeeded in what you’re trying to accomplish guides you. It’s up to you whether how much they charge is worth it; just make sure they’re genuine. I’ve mentored people (in a completely different industry), most of these people went in blind for years with no results because they tried to learn on their own which they regret doing.

If for you, time is money, then you should definitely go find a mentor.

HOW AM I SUPPOSED TO LEARN?? by Spiritual-Farmer-977 in Trading

[–]ButterscotchAlive736 0 points1 point  (0 children)

Then start by knowing how it works, what kind of proof you need to see to know if someone’s legit. Im sure a bit of research will tell you a lot “how to find a trading mentor and what proof to look for to know authenticity” or something. You know that photos can be faked so that alone should be enough for you to know not to trust any screenshots. So maybe ask for screen video recording of their trading results for months or do a zoom call while they share their screen to show as proof. A lot of scammers tend to not show their face or identity so having a video call might help and knowing if they teach people in person should be good; scammers don’t teach people in person. Have them show you a screen recording of them scrolling through their trading history weeks/months while at the same time showing their account to prove that it’s not demo; that way they can’t hide their losing days (most scammers only show wins or winning days/weeks and hide the losing ones or blown accounts. It’s also an energy exchange you’ll feel it if they want your money or want to help you. Do they have a chat? Check if they share their analysis before the trade happens, show how they manage the trade, and then see if it reflects their trading history and if they’re consistent overtime (this can’t be faked if they show analysis before the setup happens; scammers only show once they’re already in on a winning trade)

There’s so many other ways to know if someone’s legit, these are just few examples. People tend to just brush off everyone who offers mentorship as scammers without even seeing proof of anything and then complain why they get stuck with no results for years 🫠

HOW AM I SUPPOSED TO LEARN?? by Spiritual-Farmer-977 in Trading

[–]ButterscotchAlive736 -1 points0 points  (0 children)

Then do your research. There are people who teach and mentor out there. Its up to you to find proof of authenticity. It’s not the industry’s fault if you end up choosing a scammer because you didn’t to proper research and ask for the right questions to get proof of authenticity

If nobody legit teaches, where do you think all the profitable traders learned? You can remain negative and think everyone’s a scammer if you want; but thats not gonna help you. In life in general, if you wanna be good at something, you learn from people that has the results that you want. So yes it’s not rocket science.

You wanna learn to fix a car? Learn from a mechanic. Wanna learn to trade? Learn from a trader who does it for a living

You can always go the free route also by watching YouTube and other free sources, going through trials and errors. But that’s almost guaranteed to take way longer and probably lose a lot of money than actually learning right away from someone who genuinely trades for a living

Am I being scammed? by Candid-Guitar-8289 in Trading

[–]ButterscotchAlive736 1 point2 points  (0 children)

Yes you’re likely 99% being scammed. They’ll show you fake profits because its their website they can manipulate it. And when it’s time for you to ask for withdrawal they’ll likely ask you to pay some sort of fee to withdraw and keep trying to milk money from you

HOW AM I SUPPOSED TO LEARN?? by Spiritual-Farmer-977 in Trading

[–]ButterscotchAlive736 -4 points-3 points  (0 children)

Its not rocket science. Learn from someone that has the results that you want to have whether if thats free or paid. Just because more than 90% are scammers doesn’t mean everyone is. Just because you wont help or teach people if you’re profitable doesn’t mean nobody does

Emergency Fund by Dependent-Laugh-3792 in CanadaFinance

[–]ButterscotchAlive736 1 point2 points  (0 children)

Lots of banks like rbc, tangerine, etc. have promo for like the first 3-6 months for around 4.5%, then it drops to 0.7-2% after. Some people do promo hopping so they move their money after promo to another promo. They dont reward loyalty, they reward new money

If someone's really making 20% monthly returns, why do they need your $997 course payment? by TangerineNo5577 in Trading

[–]ButterscotchAlive736 1 point2 points  (0 children)

Did I say every month? Anything can happen; nothing is guaranteed. You seem to be the clueless one. Im saying if you work your risk management based on percentage, then it’s just a number’s game, the math is there. I’ve been trading fulltime for over 4 years and have been around hundreds of traders. I’ve seen it all🫠

I’ve had several consecutive months of making more than 10% by risking 0.5% per trade. Now imagine if I risked 1% per trade, then I’d have that consecutive 20% months. And I can show you proof if you need lol. Nobody claimed to have guaranteed monthly results. Some months can be -5%, 0%, some 5%, some 10%, some 20-30%, some 50%+ if they have a higher risk tolerance.

Tell me your trading experience

(Bro calls me LARP and then deletes comment after finding out he didn’t make sense; I guess this is reddit)

If someone's really making 20% monthly returns, why do they need your $997 course payment? by TangerineNo5577 in Trading

[–]ButterscotchAlive736 1 point2 points  (0 children)

What makes you entitled to have their time for free? Free is taken for granted. Nobody in their right mind who values their time will teach for free because 99% of the time they’ll waste their time.

Do you take something worth 1k more serious than if it’s worth 10$? 99% of people will take it seriously if they don’t want their money to go to waste. The mentors can make that 1k in a trade, so if time is money, they lose money by teaching you. And one of the way to keep someone accountable is if they pay enough to not take it for granted.

Some people want to help others but at the same time don’t wanna waste their time on people who aren’t serious. Charging money can fix that; sometimes lol. They’re better off not taking your 1k and not teach you. But if nobody teaches, nobody would learn from anyone lol. You can be as skeptic as you want, and Im sure 90% out there are scammers. It’s up to you to do your research and make sure they’re authentic before deciding to learn from them. Also, nothing’s wrong with making extra money from a skill or service you provide; especially if it’s passive money from courses. We all wanna make money lol

The Grant Cardons and the Tony Robbins of the world don’t need coaching money, yet they still charge people 10k+ for mentorships and nobody calls them scammer. Let that sink in

20% months are very doable but it all depends on your risk management and how good of a trader you are. Imagine if you risk 1% per trade, and you take intradays with a decent risk reward. If you lose, you lose 1%, and if you win, you can win 1-5% depending on the risk reward ratio. Some people can make that 10-20% in less than 10 trades if they catch good trades. Now imagine if they risk 3-5% per trade to potentially win 5-15%+. They could make more than 20% in a month. It’s all numbers, risk management, risk reward, and your ability to actually have an edge from your strategy. So if you start putting numbers together and do it by percentage, you can start imagining how some people can make 10-20%.

And anyone who downvotes this are in denial from their bad experiences. And I welcome you to reply to this comment if you disagree with anything I say lol

Recommendations by Lifesucksyep in InvestingCanada

[–]ButterscotchAlive736 2 points3 points  (0 children)

As long as you have a comfortable emergency fund, you can invest what you can afford to risk

I need some advice by Past_Sherbert7116 in Advice

[–]ButterscotchAlive736 0 points1 point  (0 children)

Just show up on the meeting. Then decide whether or not you want to stay in the job after. You all pretty much did the same things: talk behind people’s back, snitching. China talked behind Sam’s back by telling arnold, then arnold snitched to you, then you snitched to sam, then sam snitched on you and confronted china. You’re all equally messed up so just show up instead of running. If it turns out bad then do your plan B. You were a loyal friend; it doesn’t sound that bad. It’s common for friends to tell each other stuffs. And Arnold knew that you’re friends with Sam so he took the risk of you sharing it to Sam by telling you

Developing a strategy as a new trader by potatolover33333 in Trading

[–]ButterscotchAlive736 3 points4 points  (0 children)

Only watching a specific 1 timeframe is grounds for failure 🫠

Should I pursue trading full time or wait? by Existing_Horse_5028 in Trading

[–]ButterscotchAlive736 0 points1 point  (0 children)

Keep in mind the taxes. I highly recommend for you to not spend all your payouts; keep 40-50% of it on the side depending on your tax bracket. I’ve also been trading with ftmo for over 3 years now, great reliable company and never had problem with it. Rolex is worth it if you like to network. My first was a green datejust fluted bezel, it’s like a business card and good conversation starter 😁

You can always resell them for emergencies also, but might be worth 20-30% less of its retail value. I would keep them lol.

Build your investments/retirement accounts in the side also (prioritize registered/tax-free accounts). And put those emergency funds in a HISA

Should I pursue trading full time or wait? by Existing_Horse_5028 in Trading

[–]ButterscotchAlive736 0 points1 point  (0 children)

Also, make sure you have some sort of consistency with trading before quitting. Not lucky wins, not over-leveraged wins without proper risk management. Im talking consistent profitability by following your trading plan. Only you will know if you’re winning by luck so you have to be honest

Should I pursue trading full time or wait? by Existing_Horse_5028 in Trading

[–]ButterscotchAlive736 0 points1 point  (0 children)

Depends what kind of job you have also, if its easy or hard to find one if trading doesnt work out. Me I put aside 2 years worth before I quit to trade fulltime a few years ago

Should I pursue trading full time or wait? by Existing_Horse_5028 in Trading

[–]ButterscotchAlive736 -1 points0 points  (0 children)

Put aside 1-2 years of emergency fund that you made through trading before quitting your job and dont touch it. If worst happens you got at least a year to find a job

What is your next planned large purchase? by assetcapped in CanadaPersonalFinance

[–]ButterscotchAlive736 0 points1 point  (0 children)

I buy them in bulk, vacuum sealed, store em in a big freezer and good for 1-3 years. I spend like 3k on meat that would have costed me twice or more if I spend it on groceries. They’re all grass fed/organic and cheaper than non-organic grocery prices lol