The club’s new day trading program focuses on short selling, which is the practice of betting on the decrease in a particular stock’s price. While short selling seems easy, ‘My Investing Club’ believes beginner investors can maximize their earnings by learning to speculate market prices and mitigate risks like professional traders.
For more information, visit https://myinvestingclub.com
The company’s announcement coincides with the Forbes Advisor article about short selling, or shorting, and how it became more popular during the pandemic when stock prices were falling or were generally unstable. According to the report, when prices of stocks took a plunge at the height of the pandemic, short selling became a viral topic on Reddit and social media platforms. Since then, more and more beginner traders have wanted to learn how to short sell with as little risk as possible.
‘My Investing Club”s community of professional traders helps beginners understand the intricacies of short selling by teaching them how to read trends and analyze the market. They also bust trading myths on social media and encourage traders to take an objective look at the market before making any decisions.
Aside from basic day trading knowledge, they also have one-on-one mentorship where aspiring traders can ask for more specific advice on the positions they have made. ‘My Investing Club”s network of professional traders can also teach them how short selling can be used not only as a way to earn a profit but also as a tool to hedge against a possible turndown in the price of a trader’s existing assets.
For example, if a trader owns shares in Company A, but is worried that its stock price will fall in the short term, the trader can take a short position to reduce the impact of the price drop. ‘My Investing Club’ explains that since the profits from the short sell will offset the paper loss of the initial shares, traders will not have to sell during the downturn, ultimately maximizing profit.
“I was with another trading club for five years before I found MIC, where I learned the right way to trade. I had to unlearn many of the bad habits I picked up before I started gaining,” a satisfied member said.
More information is available at https://myinvestingclub.com
My Investing Club
979 Story Road
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Kolkata Local journalist was involved in the writing and production of this article.