Latest news with #ZachKleinwaks
Yahoo
05-08-2025
- Business
- Yahoo
A full-time day trader shares his 3 pieces of advice for getting into investing
Zach Austin shared his top three tips for anyone interested in day trading. The full-time trader said the most important thing is to invest in your education before trading. "I could have saved myself so much time and money" by doing this, he said. "I could have saved myself so much time and money if I just invested first in my education," Zach Kleinwaks told Business Insider about his start in day trading. Now, Kleinwaks, 27, is a full-time day trader and posts his favorite stocks and hot takes with his 14,000 Instagram followers and 30,000 TikTok followers. He also teaches strategies for trading options and futures as an analyst at Stock Dads, a premium membership platform. He shared his three tips for getting into day trading. 1. Educate yourself Kleinwaks began day trading part-time in 2018 while studying at New York Institute of Technology and playing college baseball. His parents traded stocks when he was growing up, and he saw increasing numbers of people posting on social media about making money. During the COVID-19 pandemic, Kleinwaks' baseball career was cut short, so he decided to educate himself on trading before starting to do it full time in 2022. But he wished he had done this sooner. "You're not going to make money unless you have the education behind it," Kleinwaks added. He described his own approach as making connections and finding mentors, "kind of just like sifting through different people, different strategies, and kind of figuring out what was legit." 2. Have 'zero expectations' Kleinwaks advised beginners not to enter the market expecting to make a certain amount within a specific period. "Have zero expectations," he said, adding, "Expect the worst, hope for the best." Kleinwaks said he thought that the recent meme-stock mania — where shares in companies like Opendoor, Kohl's, and Krispy Kreme skyrocketed without an obvious catalyst such as strong earnings — was driven by investors who lacked a long-term plan and were eager to make money fast. "They don't have the confidence to make money in the market, so they feel like they need to gamble," he said. 3. Try to improve every day Kleinwaks also advised traders to improve "regardless of what step you're at." "You're going to make money, you're going to lose money, but don't try to make the same bad mistake multiple times," he added. He listed the most common mistakes as blindly following trades others say they are making on social media, putting in too much money at a time, and succumbing to FOMO, such as buying meme stocks now to make up for missing the GameStop frenzy in 2021. "I always circle back every year like, 'wow, I wish I knew what I know now, then,'" Kleinwaks said. Read the original article on Business Insider
Business Insider
05-08-2025
- Business
- Business Insider
A full-time day trader shares his 3 pieces of advice for getting into investing
"I could have saved myself so much time and money if I just invested first in my education," Zach Kleinwaks told Business Insider about his start in day trading. Now, Kleinwaks, 27, is a full-time day trader and posts his favorite stocks and hot takes with his 14,000 Instagram followers and 30,000 TikTok followers. He also teaches strategies for trading options and futures as an analyst at Stock Dads, a premium membership platform. He shared his three tips for getting into day trading. 1. Educate yourself Kleinwaks began day trading part-time in 2018 while studying at New York Institute of Technology and playing college baseball. His parents traded stocks when he was growing up, and he saw increasing numbers of people posting on social media about making money. During the COVID-19 pandemic, Kleinwaks' baseball career was cut short, so he decided to educate himself on trading before starting to do it full time in 2022. But he wished he had done this sooner. "You're not going to make money unless you have the education behind it," Kleinwaks added. He described his own approach as making connections and finding mentors, "kind of just like sifting through different people, different strategies, and kind of figuring out what was legit." 2. Have 'zero expectations' Kleinwaks advised beginners not to enter the market expecting to make a certain amount within a specific period. "Have zero expectations," he said, adding, "Expect the worst, hope for the best." Kleinwaks said he thought that the recent meme-stock mania — where shares in companies like Opendoor, Kohl's, and Krispy Kreme skyrocketed without an obvious catalyst such as strong earnings — was driven by investors who lacked a long-term plan and were eager to make money fast. "They don't have the confidence to make money in the market, so they feel like they need to gamble," he said. 3. Try to improve every day Kleinwaks also advised traders to improve "regardless of what step you're at." "You're going to make money, you're going to lose money, but don't try to make the same bad mistake multiple times," he added. He listed the most common mistakes as blindly following trades others say they are making on social media, putting in too much money at a time, and succumbing to FOMO, such as buying meme stocks now to make up for missing the GameStop frenzy in 2021. "I always circle back every year like, 'wow, I wish I knew what I know now, then,'" Kleinwaks said.
Yahoo
04-08-2025
- Business
- Yahoo
The Rise Of The Part-Time Trader: How Everyday Investors Are Playing The Markets In 2025
The alarm goes off at 5:30 a.m., but Mark Lacy isn't getting ready for work—he's already been trading for three and a half hours. The 67-year-old retiree starts his day at 2 a.m. PT, analyzing pre-market movements and executing trades before most people have their first cup of coffee. According to Business Insider, Lacy represents a growing tribe of part-time traders who've transformed how everyday Americans engage with financial markets. What started during the GameStop (NYSE:GME) frenzy has evolved into a sophisticated community of investors squeezing trades between Zoom meetings, following market gurus on TikTok, and building portfolios from their smartphones. Don't Miss: $100k+ in investable assets? – no cost, no obligation. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can The New Trading Class Gone are the days when retail trading meant calling a broker during market hours. Today's part-time traders operate in a world of mobile-first platforms, flexible work schedules, and gamified finance apps that make trading as accessible as ordering lunch. Zach Kleinwaks exemplifies this shift. The 27-year-old futures trader built nearly 40,000 followers across Instagram and TikTok by sharing trading tips under the handle 'zachaustintrades.' Unlike the meme stock hysteria of 2021, today's retail investors crave serious analysis over viral hype. 'My guess is it came somewhere around when people realized that their investing strategy can't simply be: every time GameStop or AMC drops, just buy,' Kleinwaks told Business Insider. 'Too many people got severely burnt on those stocks.' From Pandemic Hobby to Professional Pursuit Kevin Xu's journey illustrates how quickly fortunes can change in this new landscape. The San Francisco day trader 'accidentally' began swing trading in 2020 with a $35,000 work bonus he'd originally planned to use for a car purchase. Today, his portfolio is worth $8.6 million, and 174,000 users follow his moves on AfterHour, the social copy trading platform he launched. Trending: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'I think what people are hungry for right now is where do I go to find and learn about what's hot in the market right now,' Xu told Business Insider. 'What people are trading, why people are trading it.' Even baby boomers are getting in on the action. Kenneth Schweitzer, a 68-year-old former dentist from Vermont, maintains a daily profit quota of $1,200—potentially earning $36,000 monthly from his home office. He trades between checking on his granddaughter's college fund, which his trading profits now largely cover. The Wisdom of Experience What separates successful part-time traders from those who flame out? Discipline and proper risk management, according to the veterans. Paul Kornreich, a 65-year-old former floor trader, made over $300,000 in profits just in the first quarter of this year. His secret: decades of experience reading market signals and technical analysis. 'I am kind of living that trade dream,' Kornreich told Business Insider, noting he's used his trading funds to travel and live abroad for years at a time. But getting started in today's markets doesn't require floor trading experience. The key is having access to the right tools and real-time data to make informed decisions offers exactly what modern part-time traders need: a user-friendly platform that provides real-time tools for trading major markets including stocks, commodities, and forex. Whether you're analyzing pre-market movements like Lacy or catching momentum plays during lunch breaks, Plus500's intuitive interface makes it easy to execute strategies from anywhere. The platform's mobile accessibility means you can monitor positions and react to market movements whether you're in a conference room or commuting home—crucial advantages in today's fast-moving markets. The Future of Retail Trading As Vaughn McNair, the former WallStreetBets moderator known online as 'Grandmaster Obi,' told Business Insider: his focus on each trade is simply 'not to lose any money.' That conservative approach, combined with modern technology and educational resources, is helping a new generation of part-time traders build wealth alongside their regular careers. The part-time trading revolution isn't just changing individual portfolios—it's democratizing financial markets in ways unimaginable just a few years ago. Read Next: Here's what Americans think you need to be considered wealthy. Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? GAMESTOP (GME): Free Stock Analysis Report This article The Rise Of The Part-Time Trader: How Everyday Investors Are Playing The Markets In 2025 originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
04-08-2025
- Business
- Yahoo
The Rise Of The Part-Time Trader: How Everyday Investors Are Playing The Markets In 2025
The alarm goes off at 5:30 a.m., but Mark Lacy isn't getting ready for work—he's already been trading for three and a half hours. The 67-year-old retiree starts his day at 2 a.m. PT, analyzing pre-market movements and executing trades before most people have their first cup of coffee. According to Business Insider, Lacy represents a growing tribe of part-time traders who've transformed how everyday Americans engage with financial markets. What started during the GameStop (NYSE:GME) frenzy has evolved into a sophisticated community of investors squeezing trades between Zoom meetings, following market gurus on TikTok, and building portfolios from their smartphones. Don't Miss: $100k+ in investable assets? – no cost, no obligation. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can The New Trading Class Gone are the days when retail trading meant calling a broker during market hours. Today's part-time traders operate in a world of mobile-first platforms, flexible work schedules, and gamified finance apps that make trading as accessible as ordering lunch. Zach Kleinwaks exemplifies this shift. The 27-year-old futures trader built nearly 40,000 followers across Instagram and TikTok by sharing trading tips under the handle 'zachaustintrades.' Unlike the meme stock hysteria of 2021, today's retail investors crave serious analysis over viral hype. 'My guess is it came somewhere around when people realized that their investing strategy can't simply be: every time GameStop or AMC drops, just buy,' Kleinwaks told Business Insider. 'Too many people got severely burnt on those stocks.' From Pandemic Hobby to Professional Pursuit Kevin Xu's journey illustrates how quickly fortunes can change in this new landscape. The San Francisco day trader 'accidentally' began swing trading in 2020 with a $35,000 work bonus he'd originally planned to use for a car purchase. Today, his portfolio is worth $8.6 million, and 174,000 users follow his moves on AfterHour, the social copy trading platform he launched. Trending: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'I think what people are hungry for right now is where do I go to find and learn about what's hot in the market right now,' Xu told Business Insider. 'What people are trading, why people are trading it.' Even baby boomers are getting in on the action. Kenneth Schweitzer, a 68-year-old former dentist from Vermont, maintains a daily profit quota of $1,200—potentially earning $36,000 monthly from his home office. He trades between checking on his granddaughter's college fund, which his trading profits now largely cover. The Wisdom of Experience What separates successful part-time traders from those who flame out? Discipline and proper risk management, according to the veterans. Paul Kornreich, a 65-year-old former floor trader, made over $300,000 in profits just in the first quarter of this year. His secret: decades of experience reading market signals and technical analysis. 'I am kind of living that trade dream,' Kornreich told Business Insider, noting he's used his trading funds to travel and live abroad for years at a time. But getting started in today's markets doesn't require floor trading experience. The key is having access to the right tools and real-time data to make informed decisions offers exactly what modern part-time traders need: a user-friendly platform that provides real-time tools for trading major markets including stocks, commodities, and forex. Whether you're analyzing pre-market movements like Lacy or catching momentum plays during lunch breaks, Plus500's intuitive interface makes it easy to execute strategies from anywhere. The platform's mobile accessibility means you can monitor positions and react to market movements whether you're in a conference room or commuting home—crucial advantages in today's fast-moving markets. The Future of Retail Trading As Vaughn McNair, the former WallStreetBets moderator known online as 'Grandmaster Obi,' told Business Insider: his focus on each trade is simply 'not to lose any money.' That conservative approach, combined with modern technology and educational resources, is helping a new generation of part-time traders build wealth alongside their regular careers. The part-time trading revolution isn't just changing individual portfolios—it's democratizing financial markets in ways unimaginable just a few years ago. Read Next: Here's what Americans think you need to be considered wealthy. Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? GAMESTOP (GME): Free Stock Analysis Report This article The Rise Of The Part-Time Trader: How Everyday Investors Are Playing The Markets In 2025 originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
