Meet TRADEway Coach Ben Mitchell

The TRADEway Coaches share the vision of helping Christian families become active traders who build lasting legacies. Every TRADEway Coach has a unique story about how they became a part of the TRADEway family and how they navigate the Stock Market God’s way, and we’re excited to share those stories with you.

Meet Ben Mitchell

About Ben Mitchell:

Ben Mitchell has been working with TRADEway since he was 18 years old. Now over a decade later, he’s the Team Manager for TRADEway, leading a team of over 40 team members, and the Creator and Director of TRADEway Precious Metals, a division completely dedicated to the teaching of proper precious metals investing.

When you joined the TRADEway team:

2013

Area of expertise at TRADEway:

What is your “why” for being on the TRADEway team?

My family, our students, and the TRADEway mission.

What do you love most about the TRADEway clients?

Their faith in the Lord for His guidance over their finances, and diligence to master the TRADEway system with the help of our courses and awesome Coaches.

What do you love most about your job as a Coach?

It’s quite the honor to be someone our students rely on for their metals advice.  Phone calls and webinars are always a blast for me.

Fun fact or hidden talent:

I am a drummer, and have had the privilege to write, record, and perform with many talented bands and songwriters.

Personal life:

Life out in the country with five little kids is a dream. In my personal time, I enjoy working on outside projects with my wife and kids and taking care of our animals (chickens, ducks, cats, and our beloved dog, Almanzo, or Manzo for short).

Best trading memory:

“Practicing what I preach” has always been a mental guardrail for me in my personal trading, and every time I place a successful trade (or precious metals purchase), it feels much like my first “win” ever — that feeling never gets old. But, like everyone else, I have learned a good amount of times that NOT “practicing what I preach” almost always leads to unnecessary expenses.

Favorite Bible Verse:

How Do You Protect Your 401k Before a Market Crash?

It’s true that if you buy and hold in the S&P or other comprehensive stock indexes, you’ll see an average increase of 6% per year. In fact, if you look at a graph of the S&P since its founding, you’ll see how consistent its rise really is.

But when you zoom out to look at what the stock market is doing year to year, there’s a lot more drama going on. And you’ll notice there have been some pretty severe crashes in recent decades.

When crashes such as the 2008 crash happen, is there really nothing you can do? Do you need to buy and hold with your head buried in the sand hoping and praying it will all turn out ok?

If you want to protect your 401k before a market crash, you have to be prepared in advance and you need to be able to take action quickly.  What do I mean by that? I mean have the conversation now about your options for your long-term money during a crash–before we’re actually in one.

To do this, reach out to your benefits administrator and ask them how they handle major downturns and what, if any, your options are for preventing the loss of money unnecessarily. You may have some more options than you know.

That way, when a crash actually occurs, you (and your benefits administrator) will have a plan. You could think of it like having an emergency kit at home. The best time to get it all set up and stocked with rations, blankets, fresh water and a flashlight is before an earthquake occurs, not after!

No two 401k programs are alike. Each company works with a benefits administrator and chooses which funds are available as investment options. These options are usually very, very limited. Most 401k administrators have a plethora of options for during a bull market (when the market is trending up). But in a bear market (when the market is trending down), some 401ks have limited options.

Taking your account to cash means you’re getting out of the market altogether by selling all your positions at once. You’ll still keep your money in your brokerage account when you do this, you just won’t have any of your money in the market for the time being, because all of your positions will be sold.

To see if your 401k program has the ability to take your account to cash, take a look to see if you have access to a “money market” or “cash” account as an option in your program.

Here at TRADEway we think like traders.

Since the market moves in cycles every few years, we imagine how different your account could look if you stepped on the sidelines during a downturn.

Some advisors may call this timing the market. I disagree. I would simply say I want to apply technical trading analysis to my investment philosophy.

If your 401k does offer a money market account, you can move your money in and out of that account while the market is volatile or in a downtrend, and still make some interest.

When should you make this switch from active positions to your money market account? Good question!

Our team at TRADEway works hard to help you make the tough decisions with technical and news analysis for the market. In our AMPT program (Assisted Managed Portfolios by TRADEway) we help preserve long-term assets by using strategies that take advantage of bull markets (when the market’s going up) and are more conservative and protective during bear markets (when the market’s going down).  We want to protect your money from the crashes and major downturns.

Want to learn more about how a strategy like this could help you better preserve your long-term money? Book a call with our AMPT team to learn more about our program. 

 

We Turn Christian Families into Active Traders Who Build Lasting Legacies

The stock market can be a pretty scary place for those who don’t understand it. We look at the market and we see it going into a recession, and we go “Why would I ever put my money there?!”

But to the seasoned trader, the market always represents opportunity. Whether the market is going up or going down there is always a way to make money.

You might be thinking, “A way to make money in the Market when it’s going down?” Yes, that’s possible. In fact, in a bear market recession, wealth is never destroyed–it only changes hands.

And with the right understanding you could have the skill set to be on the receiving end of that exchange.


The problem is, most people look at the stock market and they think: finance, math, gambling. They believe they have to have some fancy degree or they have to be a genius with math. They think, 
“Maybe people in the stock market have to have a ton of money to risk, or they just have to be incredibly lucky to have success in the stock market.” And that’s simply just not true.

What most people don’t know is that the stock market was built on principles found in Scripture that many can know and understand–you just have to know where to look. And here at TRADEway we can teach you how to find the Scriptures that will guide you through your investing journey.

We’ll look at things like:

  • The Law of Supply and Demand with Joseph and the grain
  • The Law of Risk-Return in Matthew Chapter 25
  • The Law of Advancement found in Psalm 23. (Most people don’t even know what that is, but it’s one of the most important business principles you will ever learn.)

There are principles found in Ecclesiastes about diversification and controlling your emotions in business. And throughout all of Solomon’s books you can find important investment clues to help you know how to trade in the stock market.

Another thing that a lot of people don’t know is that the secret to generating passive income is creating systems of leverage that do the work for you.

See, investing is not just another thing for you to start. It’s not another job for you to hold down. It’s not another business for you to run.

It’s what your money does for you while you do what God called you to do.

Maybe he called you to set up some passive and active incomes in starting a new business. Maybe he called you to spend more time with your family. Maybe you’re called to do ministry work, but you just need more time and more funding to do it.

Putting your money to work (so that you don’t have to) gives you the freedom to do what God wants you to do. Whatever it is that God has called you to do in this season of your life, your money should be doing something too.

So at TRADEway, we help you set up systems of leverage with your money so that you can put it to work. In our TRADEway educational packages you’ll learn how to find great investments, you’ll learn how to pick the right buy and sell opportunities, and you’ll learn the best way to sync your trades with the overall market (plus much more).

You don’t have to do it alone! We’ve got tools to help you with all the math and finance parts if you’re not a math whiz. But if you love the math, we’ll teach you how to do that too. We’re gonna help you through the learning curve by giving you mentors to walk you through the learning process. We’ll show you how to set up a trade, we’ll show you how to protect a trade, we’ll show you how to manage the risk within a trade, and then we’ll show you how to automate it all so that you don’t have to be in front of a computer all day long to trade stocks for you and your family.

We can help you put your money to work.

And if you’re just looking to protect your current assets from a recession or currency crisis, we have scripturally-based portfolios designed to protect you in a recession or bear market crash.

With 24/7 access to your online course materials, quizzes, workshops, live trading hours, and online study groups, there is always something new for you to learn.

And you don’t have to be alone in getting set up. You’ll have access to a diverse community of active online traders, and a knowledgeable coaching staff that’s here to help you. You can reach us on the phone, you can reach us through email, or even through our own online community of coaches and students…there is always a way for you to get in touch with the people who want to help you get where you want to be.

So become a part of the TRADEway family, and we will see you in the market!

Why I Don’t Trade During the Holidays

We have a lot of things we could worry about if we wanted to focus on those things, but you know what I like to focus on? Who is in control. God is sovereign.

I don’t like to trade during the holidays. So just from a little bit before Thanksgiving, all the way through Thanksgiving, all the way through Christmas until I don’t know, the first week in January, I’m not in the market normally. And there’s some exceptions to that, but normally that’s what I do, I just don’t like to trade. Now, there’s some reasons for that. First of all, the big players actually are human beings and they go home for vacations around Thanksgiving and Christmas and so the volume is a lot lower on Wall Street and stocks can tend to just kind of go flat. Not much happening. Not nearly as much news either. Of course that’s what drives the market so it gets quieter.

Now the other thing is, it’s also safer not to trade when volume is low. The reason for that is because the big boys are gone and you’ve got less volume, so the retail traders, the ones that don’t know what they’re doing, sometimes they’re jumping around buying things they shouldn’t be buying. It’s just not a good environment for trading. But the main reason I don’t like to trade is because I like to spend time with my family. Now, listen, why create time freedom if you’re not going to take the freed up time and use it to know the Lord better, spend more time with the Lord and more time in the Scripture, spend more time with your kids, if you have grandkids more time with your grandkids, and your spouse? That’s what the time freedom’s for. I like to use this time for family.
Now here’s a great thing to do also during time off during the holidays: you could do a lot of paper trade charting. Why is that important? Because it gets your eye used to seeing these patterns. You get better and better at recognizing patterns as you look at charts.
But what else could we use our time for during the Christmas holidays? Well, what about thinking about what Christmas is all about? One of my favorite passages to look at this time of year is Isaiah, Chapter 9, Verses 6 and 7. It’s a real familiar passage, but I want us to take a closer look at it. It says, “For unto us a child is born, unto us a son is given: and the government shall be upon his shoulder: and his name shall be called Wonderful, Counsellor, The mighty God, The everlasting Father, The Prince of Peace. Of the increase of his government and peace there shall be no end, upon the throne of David, and upon his kingdom, to order it, and to establish it with judgment and with justice from henceforth even for ever. The zeal of the Lord of hosts will perform this.”
When you think about the Christmas season, we need to think about who Jesus Christ is. He is not only the virgin born Son of God, all of the fullness of the Godhead bodily, but He is Wonderful, He is our Counselor. You know, when we look around, we think about things, I don’t know what side you stood on during the election, I know this, half the country is thrilled to death right now, half the country is depressed right now. It would have been that way no matter who won, right? At the time of this writing, our country is divided and we’ve got the COVID pandemic still going on, in fact, heating up a little bit worldwide it seems like. But at the same time, we’ve got the hope of at least three vaccines mentioned already. And that all affects the stock market too, doesn’t it? Yeah, the market’s been up because of that, even in the midst of COVID.
We have a lot of things we could worry about if we wanted to focus on those things, but you know what I like to focus on? Who is in control. God is sovereign. He’s in control over everything. I hope you and your family have a very Merry Christmas and spend a lot of that free time you have thinking about what and WHO Christmas is all about, Jesus Christ.

Patterns of Emotions in Stock Trading

Too many times, traders experience a negative pattern of emotions regarding the stock market. This can cause traders to make poor decisions, such as getting into a bad trade or not stopping out when they should. Even if a trade does go well, negative emotions may make a trader reluctant to continue trading.

At TRADEway, we believe in the importance of studying God’s Word. It is important to seek God throughout the trading process. Next time you find yourself dealing with negative emotions while in a trade, meditate on these three verses.

Isaiah 41:10 “Fear thou not; for I am with thee: be not dismayed; for I am thy God: I will strengthen thee; yea, I will help thee; yea, I will uphold thee with the right hand of my righteousness.”
Who doesn’t feel instantly calmer when reminded that God Himself promises to strengthen believers? Ask God to give you peace, then rest in the knowledge that He will guide you throughout the trade. God repeatedly shows us in His word that faithfulness leads to abundance. Turn your fear into faithfulness.
2 Timothy 1:7: “For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.”
Fear is not of God. It is the enemy attempting to distract you from God’s plan. When you begin to fear a poor outcome, you may make a decision that causes you to actually lose money. Remain focused on the plan you established before getting into a trade, and know that God has the power to calm your fears and give you a sense of rationality.
Romans 8:28: “And we know that all things work together for good to them that love God, to them who are called according to His purpose.”
The main thing that should keep you from falling into a negative pattern of emotions is knowing that God is sovereign. Even when we encounter difficult situations, we know that God is in control, and His plan for us is success. You should trust your education and the rules you have put into place, but more importantly trust that God is in control, regardless of the outcome.
There are numerous verses of scripture that are appropriate for a trader who is dealing with fear or anxiety. Bible reading should be part of your daily routine. Get into God’s Word and watch the transformation that will take place! What verses help keep you focused?

Controlling Emotions While Trading

When it comes to stock trading, there are different technical skills, numbers and concepts you may need to learn, but none of that does any good if you do not focus on one particular aspect of stock trading. Emotions. A huge part of trading is controlling your emotions.

Emotions come into play because trading affects your money, but there is a secret to keeping your emotions from becoming an obstacle.
Make a plan. Make a plan every time you place a trade. Before you get in the trade, answer three questions, and write down the numbers.
Where do I want to get into this trade?
Where do I want to get out of this trade?
Where will I stop out of this trade if it doesn’t go the way I want it to go?
Have these three simple questions answered before you enter any trade position. Your written plan is like an anchor that keeps you steady when emotions become overwhelming. 

Let The Market Tell You What It’s Doing

In order to have real breakthrough, you must realize the market might not do what you expect. If it doesn’t do what you expect, respond accordingly.

When you respond to the market, you are actually doing what you want to do, even when the market doesn’t do what you expected. You wanted to stop out of a bad trade, right? If you didn’t stop out of it, you would really be doing something you don’t want.
Let the market tell you what it’s doing, not what you think it’s going to do.
Don’t allow yourself to get into a bad position, as you ride it the opposite way, then say, “I don’t even know what the market is doing.” You know what it’s doing. It’s just not doing what you wanted.
Trade based on “should” not “could”.

The Stock Owes Me Money

In stock trading, there will be times when you have done everything you could do to evaluate a trade and it still doesn’t work. Do not consider it a loss. It is an expense. Every business has expenses. You will learn something from it, and it will help you do something differently in the future.

None of us like having expenses. How can we take these expenses and turn them into something that could end up being a little more fun?
What if you were to make a list of the stocks that owe you money?
Rather than looking at it as losing money, tell yourself “Somewhere down the line, I’m going to make back this amount of money, because that stock owes me money.”
If you look at it this way, then it will help soothe a little bit of the pain that might be associated with that stock.
Over time, you can come back to that stock, when things line up, and you get all three legs of the trading table in place, and make money on that play.
You have the opportunity to create a fun experience instead of dwelling on something negative.

The New Way To Think About Stock Trading

When it comes to stock trading, a lot of people go into it with the wrong mindset. They think of it as something that they will only apply to their long-term goals.

You can actually apply some of the skill sets you learn with TRADEway to short-term goals. You can stock trade and possibly make money that will help care for your day-to-day needs.
What are your monthly goals? Perhaps you just want the ability to cover your bills, or maybe you want to make a little extra money for vacation.
When you come to a TRADEway event, we teach you how to actively apply stock trading so that you can potentially have an added form of income. Making money in the stock market doesn’t have to be a ‘long-term, building for retirement, diversifying your portfolio’ thing. It can be very active, very day-to-day.
Come to a Tradeway event and learn how you can actively apply stock trading for your short-term goals.

Team Devos: Focus, Fuel, & Fellowship

n Mark 1:35 the Bible says that while it was still dark, Jesus got up, went to a lonely place, and prayed. The example the Lord gave is that, before the day even begins, we come to the Father and spend time alone with him.

Time with God can look many different ways:
  • Read scripture.
  • Worship Him.
  • Talk with Him in prayer.
However you choose to spend time with Him, you’re getting anchored in Him so that when the distractions, the troubles, the sorrows, the opposition, the challenges, even the blessings of the day come, you’re able to navigate all of those things with His guidance and power.
It gives you focus. It fuels your passion for His will. 
At TRADEway, as a team, we look into the Word of God, we pray, we fellowship, we get anchored into His presence at the beginning of each day. This helps us to navigate each day together.
We want to seek Him first so we can serve you better.