Short Selling Training For Beginner Day Traders: Mentorship Community Expands

Published November 24, 2023

The platform's latest short selling video module reflects recent trends in the market, and aims to demonstrate the strategies that are currently seeing greatest success. The materials were developed by community cofounders Bao Nguyen and Alex Temiz, who are both successful professional day traders with over 15 years' combined experience.

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As with previous releases, MIC's new video training resources are supported by unlimited 1-on-1 mentorship, designed to help members learn at an accelerated rate. The growing global community also offers a 24/7 chat room, staffed by a team of senior moderators, with the goal of answering members' questions as quickly as possible.

While traditional trading involves buying stock at one price and selling when that price increases - commonly referred to as 'going long' - short selling is the process of borrowing stock and selling it immediately, with the expectation that the price will fall. The trader then purchases the stock back at the lower rate, and returns it to the original owner, making an overall profit.

As the founders of MIC explain, the market volatility seen over the past 12-18 months has led to renewed interest in short selling, and the team's latest training resources discuss which techniques have been most successful. They caution that short selling can theoretically lead to unlimited losses, and their training focuses on risk management as a critical element of short selling.

"The markets change constantly, and traders must stay on top of these changes and adapt to remain profitable," the company's founders explained. "That's difficult when most trading education services only provide outdated information and alerts. We provide our members with unlimited 1-on-1 mentorship, weekly market recaps, and a state-of-the art learning system, because we truly want them to succeed."

About MIC

Community cofounders Alex Temiz and Bao Nguyen hold personal one-day trading records of $660,000 and $1.4 million, with the latter being the highest ever seen in the industry at the time it occurred. The pair established MIC in 2018 with the goal of helping new day traders learn more advanced skills, and the platform now includes over 2,000 active members from all around the world.

"You really can be green every single day if you follow MIC's processes, which really drill down on risk management," one member recently stated. "I've just transferred some profits to my checking account, and suddenly this all feels very real. This is a serious business."

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