Long Wealth Capital is a stock trading platform created by Darold Trinh to teach everyday people how to invest money in the stock market. Trinh’s program offers technical analysis and is designed primarily for those who might be interested in high volume trading and risk management.
If you’ve been in the investment game for a while, then you know or at least have heard about trading stocks and “buy low, sell high” or possibly even selling high and buying back for a lower price.
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The appeal of stock trading, especially to those who know their way around the industry, is the volatility of stocks. It’s this volatility that allows for the chance to make huge amounts of money on trades, but it’s definitely not for the complete beginner. We’ll touch more on this later.
So, is stock trading right for you?
Well, that’s what we’re gonna talk about in this Long Wealth Capital review.
What I’d like to do is take a few minutes to answer the most common questions I get when it comes to stock trading and help point you in the right direction so that you can make the best decision for yourself.
I’ll go over some of the Pros and Cons of stock trading and tell you about something that I feel is the best way to make money.
So, with all that being said, let’s get going…
What Is Long Wealth Capital All About?
The LWC platform is all about mentorship and stock trading education. For example, the program has a kind of mini-mentorship platform for the stock newbie along with Trinh’s Flawless Options Trading System course with one-on-one personal coaching.
The course is relatively new and, given that Darold has left his day job yet, might still have some bugs to work out in order to show how effective his mentorship is.
In his course, Darold doesn’t really lean on any kind of secret trading strategies but more on sound risk management and understanding the basic fundamentals of stock trading, for example one of the main things that LWC stresses when it comes to risk is to be careful when trading options which can lead to huge losses.
What Does The Business Model Look Like?
As I mentioned earlier, stock trading is a way to make money on the fluctuations in the prices of stocks in the marketplace.
There are two basic ways to make money in stocks:
- Buy and hold with the expectation of long-term growth and dividends.
- Trading with the idea of making short-term profits.
To get started, you would need to open a brokerage account, set your budget, then start trading using market order and limit orders.
The main goal with trading stocks is to protect your portfolio and the best way to do this is to follow a few simple guidelines:
- Manage your risk: When you lose money, you lose the chance to make money in the future, so the goal is to keep as much as you can. Learn when you’re bleeding cash and cut your losses.
- Diversify your positions: You’ve heard to not put all your eggs in one basket, right? The same goes for stocks. You should put your money in as many as 10-20 or more different investments in order to mitigate your losses.
- Avoid “Pump and Dump” schemes: Always keep an eye out for the guys who talk a big game, but whose main goal is inflate the “value” of items like penny stocks, sell, then leave the buyer holding the bag when the price of the stocks fall.
Lastly, you’ll want to keep good records for the IRS as the tax laws are different. So be sure to set aside a portion of your profits and make note of any losses that you can write off.
Who Is Darold Trinh?
Darold Trinh is a 27 yr old graduate from California State University in Long Beach, currently works as a Physician’s Assistant, and moonlights as a stock investor. His trading philosophy is simple in that stock trading should be fairly straightforward and sensible.
He also manages a portfolio worth about $1 million and prides himself on making trades based on logic over emotion and strategic entry and exit points.
Even though Trinh offers a course on options trading, he prefers playing the long game and cutting his liabilities.
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How Much Does Long Wealth Capital Cost?
The cost of the course is $9.97 to get started with the mentorship, and $47 for the upsell to the Flawless Options Trading System.
What Do You Get Inside LWC?
Here’s a quick glimpse inside at what you get when you purchase the the program:
- Mini-Mentorship Program: You get access to modules on managing risk, entries and exits, and weekly coaching sessions.
- Flawless Options Trading System: A separate course available under the same platform focusing on options trading.
- One-on-One Mentorship: This is a high-ticket offer for personalized coaching, requiring a separate application.
- Free Courses: Additional resources for beginners to learn the basics of stock trading.
- Private Community Access: You get lifetime access to Darold’s private community for support and networking
What Are Some Pros and Cons of Trading Stocks?
Now let’s take a look at a few reasons you may or may not want to get involved with stock trading:
Pros
- Potential High Returns: You can have gains, which means you can make more money than with typical savings accounts.
- Liquidity: Stocks are liquid, which means you can turn them into cash in a pinch.
- Control: You have direct control, which means you can make investment decisions on your own research
Cons
- Market Volatility: Stocks prices can go up and down without warning, which means you can lose money fast.
- Emotional Stress: Market fluctuations are stressful, which can take a toll on your mental health.
- Time Consuming: Successful trading involves a steep learning process, which will eat into your personal time.
What’s The Best Way To Make Money In 2024?
Personally, stock trading never really appealed to me due to all the anxiety and pressure I felt when I would make trades, no matter how safe they appeared to my financial future.
Now, I’m not saying that stock trading is a scam or that Darold Trinh is looking to just sell a course. I’m sure his mentorship has a good deal of sound advice.
I just don’t want to deal with all the charts & graphs, higher risk, and sleepless nights that come with it.
Which is why I’ve been investing in Digital Leasing, aka Local Lead Generation, over the last several years.
Digital Leasing is nothing like stock trading, but it allows you to make a good passive income by creating digital assets for a business owner that you can make anywhere from $500-$2000 on per asset.
One of the things I like about online businesses like this is that I have no stress and sleep like a baby at night.
At that point, it’s just a matter of duplicating the process.
If you would like to learn more about Digital Leasing and why I believe it’s the best way to make money, just click the button below.
