EP 158: The Power of a Trading Community: Women Empowering Women in The Stock Market

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From spending more time with your family to finding lifelong accountability partners, this episode reveals just what a trading community can do. We continue our Women Empowering Women Series of the 5 Year Millionaire Podcast, where I am joined with special guest, Katrina, a member inside Power Trades University. She shares her story about how she got started in the stock market, and how she never plans on turning back. Our conversation shows that with consistent, strategic trading, you not only can improve your finances, but can gain back the freedom you have with your time. 

After joining us at our first ever PTU Live Event back in the fall of 2023, Katrina had some major takeaways - one of them being an accountability partner. Katrina shared how meeting her trading partner at a live event was a turning point in her trading journey, leading to better trading strategies and improved performance. With trust and shared knowledge, having a supportive community with likeminded traders can play a huge role on your trading success. 

Our next PTU Live Event is coming up in June 2024! But there's only few tickets left... 

CLICK HERE for more details.  

Starting out in the stock market, Katrina only knew how to win when the market was going up. In fact, most people in the trading community start out the same way as well. But as she has learned more and more, she realized you can actually win no matter which way the market goes. With learning this, she has unlocked so much more potential than she would have ever seen before. She went from the side that wouldn't know what to do during a bearish market, to the side that celebrates another win. 

Not only has she learned how to use different types of option strategies, she has shown great amounts of maturity as she progresses through her stock market journey. As someone who once would trade stocks with no plan or strategy, she quickly learned that predictable, repeatable patterns are much more reliable. As we say it in PTU, she plans her trade and trades her plan. 

Katrina encourages other women to join the trading community, just as she did. In an industry that has for so long been dominated by men, there is a growing presence of women in the industry thanks to people like her. In this industry, the potential for financial freedom is never-ending. She shares how trading has not only reduced her financial stress but also allowed her more time to spend with her family, thanks to the life-changing benefits of investing and trading.

[00:00:00] Podcast guest Katrina shares journey to stock success.

[00:04:44] Initial trading success led to overconfidence, realization.

[00:08:53] Skeptical at first, but lessons proved valuable.

[00:12:40] Taking calculated risks in stock market earnings.

[00:13:32] Netflix beat earnings, but stock sold off.

[00:18:30] Community forum helps team stay motivated.

[00:22:18] Goal: reach 100k for less stress trading.

[00:23:24] 100k buys shares, moves stock for profits.

[00:27:28] Risk tolerance increased after overcoming loss.

[00:29:27] Learning various market strategies increased my confidence.

[00:32:49] Encouraging to gain knowledge about stock market.

[00:36:10] Focus on best trades, not cheapest ones.