My Investing Club (MIC) is a day trading community founded by Alex Temiz, Bao Nguyen, and Tosh Bradley. Membership includes access to the Slack chat room, courses, mentorship, reports, and more. The subscription teaches you how to become a successful day trader using scalping and intraday swing trading.
Reviews on My Investing Club are mostly positive with a 4.9 rating on Trustpilot. Several previous members interviewed by the YouTuber B The Trader mentioned that while the MIC chat is quite useful, it is too expensive for already experience traders who have no more use for the basic courses.
In this My Investing Club review, we will go through the MIC trading strategy, who it is for, how it helps you make money, what the memberships are and what you get with it. Day trading is a high-risk and highly stressful trading strategy and about 90% of stock traders fail. You will find out in this review if My Investing Club has what it takes you teach you how to be among the successful few.
My Investing Club Review: Pros and Cons
Pros
Investing Club was created by 3 day trading experts.
Bao Nguyen alone has made millions by day trading. All 3 founders are experts in their own right.
You can ask help in the chat room which is monitored by moderators 24/7.
Cons
Basic course and membership fees are pricey compared to other similar programs.
High starting capital. You need to have a minimum equity of $25,000 to be a pattern day trader.
Day trading is highly risky and beginners are often recommended to start with swing trading.
Price
My Investing Club costs $497 a month for the Silver membership. The price for the Gold membership will be discussed during a call. Platinum lifetime membership costs anywhere from $6,995 up to $15,000.
Refund Policy
My Investing Club has a 30-day money-back guarantee.
Origin
2018
Reputation
Mostly positive reputation among traders.
What Is My Investing Club's Trading Strategy?
My Investing Club teaches you 2 day trading strategies, scalping and intra-day swing trading. You can learn the basics from the courses to get started. You can learn a lot of the unique methods used by watching Alex, Bao, and Tosh trade live.
What Is Scalping Trading?
Scalping is a strategy is used to make quick profits from the sudden market reversals. It involves opening and holding your position for only a few seconds before closing. Traders who use scalping trade multiple times a day, with some making as much as a hundred. This strategy is preferred by many experienced day traders because of the possibility of making money quickly. Scalping is not a recommended strategy for beginners as it requires a great deal of understanding of trading patterns and market volatility. The fast-paced nature of scalping, in which you risk losing all in a second if you hesitate or close too early, is a stressful activity.
What Is Intraday Swing Trading?
Intraday swing trading is the strategy used when opening and closing trades within the same day. Traders using this strategy often buy in the morning and sell in the afternoon or at closing hours. Compared to scalping, intraday swing traders monitor the 4-hour and 1-hour charts instead of spending all day watching the market. This strategy is more suitable for beginners as it is more slow in pace, allowing more time to analyze the market direction and plan their move.
Who Is My Investing Club For?
- Beginners to trading who have no training or experience. The MIC Jumpstart Accelerator course teaches all the basics of trading up to advanced lessons.
- Experience traders who want to learn scalping or intraday swing trading. You can learn scalping from Bao Nguyen and swing trading from Tosh Bradley.
- Active traders who want to learn how to increase their win rate and profits. The MIC coaching calls and mentorship can teach you the best day trading strategies that will fit your style.
How Does My Investing Club Help You Make Money?
Investing Club helps you make money with day trading by providing beginner and advanced courses, trading chat room, trade alerts, coaching calls, reports, and more. What you get depends on the membership package you opt for. You can purchase the Accelerator course as a standalone or get the membership to access all that MIC offers.
What Is My Investing Club Membership?
My Investing Club membership comes in 3 tiers, Silver, Gold, and Platinum. The Silver and Gold are monthly memberships while the Platinum subscription gives you lifetime access.
What Do You Get With the MIC Silver Membership?
What Do You Get With the MIC Gold Membership?
What Do You Get With the MIC Platinum Membership?
What Is My Investing Club Chat Room?
The My Investing chat room is a members-only Slack group where over 2,300 users can mingle, network, contact the moderators, and more. Certain channels are only open to subscribers based on their membership package.
What Is My Investing Club Jumpstart Accelerator Course?
The My Investing Club Jumpstart Accelerator course is a 7+ hour 4 part series step-by-step training program to teach you the basics of stock trading all the way to advance lessons in day trading. You can purchase the 1st part first to get a feel of the course before deciding to move forward. The 1st part of the series has 17 chapters broken down into 3 modules that are packed with over 2 hours of training videos.
My Investing Club Reviews
The reviews of My Investing Club are mostly positive. MIC has been reviewed by several YouTube creators, including B The Trader, who interviewed several subscribers and asked them how their experience was. They mostly mentioned that they learned a thing or two from MIC, but it was more suited for beginners. Experienced traders don't get as much value from the price. B The Trader himself only joined MIC for a few months when starting out. He is not an affiliate of MIC.
Overall, MIC maintains a positive reputation and addresses complaints online quickly. They are a verified company on Trustpilot where they reach out to customers that post their complaints. With over 2,300 members, My Investing Club also has a strong following on Instagram with over 106,000 followers.
My Investing Club Trustpilot Reviews
With over 380 customer reviews, My Investing Club has a 4.9 rating on Trustpilot. There are only a handful of negative and neutral reviews, but they are very detailed. What I found strange was that the first review post was a negative review followed by multiple 5-star reviews posted all on the same day. There are also a few detailed positive reviews, which are most likely legit. Take all of the reviews with a grain of salt.
The negative reviews mention the disorganization of the community, with the materials such as training videos being quantity over quality. They also mention the cult like culture for the founders. Complaints further include the hard time contacting Alex, Bao and Tosh and that the classes are taught by "experts" who aren't good with teaching. There are also complaints regarding refunds.
Positive reviews are mostly from lifetime members or long-time subscribers. They mostly mention the great learning opportunities from the chat rooms and the mentorships. Many of the positive reviews mention how they learn from the successes of the founders, especially the legendary trader Bao.
Is My Investing Club Worth It?
My Investing Club is worth it if you are a newbie to trading as you get the most value. If you are an experienced trader, there are many other trading chat rooms and advanced programs for a lower price. The MIC is not a subscription where you get alerts for trades that you can get in. Alex and other experts discuss their planned trades, but don’t give the exact details, so you can’t ride along. They instead teach you how to do your own research and make your own trades.
You can be a successful trader with MIC but you have to expect that you will lose a lot while learning. It took Alex a lot of losses before he was able to slowly improve his trading skills. Most new traders quit when they start losing big. The key is consistency and time. It took 4 years of trading every day for him to make his first million.
Who is Alex Temiz?
Alex Temiz is a pattern day trader and co-founder of My Investing Club from New York City, New York. He started trading in 2015 while working as a Starbucks barista and has since made over $10 million in profits from day trading penny stocks. It took him 4 years before he made his first million. In 2018, he also traded in SMB Capital and was invited to the NYSE. Alex specializes in technical and fundamental analysis and risk management. He has a finance degree from Ramapo College of New Jersey.
What Is Alex Temiz's Claim?
Alex Temiz claims that you can learn how to trade stocks with a 75% win rate and make double the profits. This can be done by making small quick trades, about 3%, and creating consistency. Is this a reasonable claim and what are the risks involved? Another question you should ask is how long does it take for you to be a profitable day trader.
Why You Are Likely to Fail Trading as a Beginner
Professional traders have an average win rate of 50-55%. The average winning rate of day traders range from 30-40%. These figures are with a balanced risk-to-reward ratio. Higher win rates usually means low profits. Alex claims that My Investment Club can teach you to over perform the most experienced professional traders. The reason why this is virtually impossible is because of the volatility of the market. You cannot truly predict the movement of the market, you can only speculate to the best of your ability.
Day trading, scalping in particular, is becoming more popular because most professional traders do swing trading. This means you won't have to compete against seasoned traders as you are targeting quick movements in the market. The downside of this is that decisions need to be made in a quick second. This is a highly stressful activity which beginners would surely fail at.
This Twitter comment was posted by a previous member of MIC who was blocked for criticizing Alex and the other founders. He claimed that the winnings and losses that the combined team reported shows that they are at a negative. This just shows the costs of trading as you are also paying for the tools, taxes, brokers fee, and more. Even beginners need to have a high profit margin to at least break even when trading.
Is Day Trading Worth It in 2024?
Day trading is worth it if you have mastered the strategies and have good nerves. Day trading is not recommended for beginners because of its highly stressful nature. Scalping trades can take a few seconds requiring you to make quick smart decisions. Swing trading where you hold your position for days to weeks is more suitable for traders who are still learning.
According to research conducted by the Sao Paulo School of Economics, it is almost impossible for individuals to day trade for a living. Research showed that 97% of individuals who persisted for over 300 days suffered financial losses. You will have plenty of losses starting out, so you should only trade with money that you can afford to lose.
You can lose more money that you invest in stocks if you make the wrong anticipations about market movement. Being highly knowledgeable of patterns, keeping updated on the market news, and having great risk management strategies is a must if you want to succeed.
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