Currently, in early July 2020, the world is just starting to emerge from the Coronavirus. Many people are still observing social distancing rules and working from home. The pandemic saw the stock market drop dramatically, and it has since been unpredictable as investors’ fear ebbs and flows.
For those with an interest in the stock market, there’s been a common question: is now a good time to invest? The advice has been mixed from experts, but one successful 23-year-old day trader, Justin, says this is the best time to invest – possibly in our lifetime. If you have money to spare, it’s a great time to put it into the stock market or take on something more ambitious like day trading.
Why is Now the Perfect Time to Invest?
There’s a famous Warren Buffet quote you may have heard of: “Be fearful when others are greedy, and greedy when others are fearful.” Throughout the pandemic, and likely for some time to come, we’re going to see an increase in fear as the world tries to bounce back from the pandemic that brought the economy to a standstill.
It’s this fear, and the potential for people’s livelihoods and businesses to be put at risk, that makes investing (over the long term or via day trading) much more likely to be lucrative. Volatility equals opportunity, especially for day trading.
How is Justin Mueller Investing Right Now?
Justin has one motto in life – the simpler, the better. Investing in a pandemic doesn’t have to be complicated. In fact, the simpler you keep it the better, as over thinking is what causes so many people to be fearful, sell too early, and lose money. The fact is, in most cases, you haven’t seriously lost money until you sell, and overcomplicating things can lead you to make more mistakes.
Justin keeps his day trading simple – he doesn’t spend hours on technical analysis like trend lines or Fibonacci graphs. In fact, he’s so in-tune with his strategy that he doesn’t even use indicators on a chart. Of course, this won’t work for everyone – especially not beginners, but it goes to show that you don’t need to spend hours analysing and looking for indicators before making a move to be successful. In this volatile time, there are far more likely to be patterns you can follow.
Where Does Justin Mueller Recommend Investing?
For the past year, Justin has been day trading in Forex (currency) and stocks, specifically, the Dow Jones. He says that if you’re going to get involved anywhere, the Dow Jones is a great place to be.
What Kind of Results is Justin Mueller Getting?
As you can see in his results video here, Justin is making around $5,000 a week trading on the Dow Jones. Obviously, Justin is experienced, but it goes to show you what is possible and what he’s achieving.
How Can You Get Involved?
The best way to get involved is to start watching tutorials, like those on Justin’s YouTube channel, and dip your toes into the world of investing. Most platforms have a “real time” simulator, so you can practice day trading on the real-time stock market before you invest your own money. Then, start with small trades until you start to see success, and build up slowly.
If you’re unsure how to get started, or are looking for pointers, don’t be afraid to reach out to Justin on his YouTube channel, as he’s often available to give free 1-on-1 sessions to help you perfect your day trading strategy.