The COVID-19 pandemic has affected nearly every facet of daily life and the Stock Market is no exception. Nevertheless, Cyrus Abrahim and Kyle McChesney have persevered to create the stock market education service you need in 2020. Founded early in the year, SlapStocks is a subscription-based educational community that provides tools for traders of any experience level to build on their knowledge base and become a better trader. Though they never could have predicted the challenges they would face over the past few months, SlapStocks has continued to offer a plethora of product offerings, including webinars, live trading, group training, and one-on-one mentorship.
“We knew the demand for stock market education was high prior to COVID,” Abrahim notes. “However, as COVID turned our country’s economic landscape upside down, we saw many displaced Americans turn to the Stock Market looking for a steady income stream.”
Curiously, Abrahim and McChesney were members of another stock market service in late 2019. Although they had been successful, they kept hearing stories of young Americans losing it all on the stock market. The duo saw this as a call to action, feeling compelled to put their skills to work and help their fellow Americans make educated decisions to yield consistent returns when trading.
“We realized many services, including the one we were in, did not check all the boxes necessary to build confident traders,” Abrahim remembers. “We knew we were not alone in this thought process and started brainstorming ways to increase member confidence while maintaining the psychological mindset that drives consistent gains. Together, we developed a holistic model that looked at the trader as a whole instead of only focusing on certain components of the art of profitable trading.”
Abrahim and McChesney started working diligently on creating custom-tailored trading plans to
allow any trader, regardless of portfolio size or socio-economic background, to learn the art of risk management, profitable trading, and most importantly, the psychological refinement required to be an effective trader. “We engineered learning tracks so powerful that we were able to expedite our memberships skill set, granting many who were new to trading and suffered exponential loss, the ability to recover,” Abrahim explains.
Over time, they witnessed how their solid beliefs in consistent gains guided their fellow Americans down the road of financial success. They had created not only an extraordinary educational trading program but a family, a community of like-minded individuals who were willing to jump in and help their peers, day or night.
“We engineered learning tracks so powerful that we were able to expedite our memberships skill set, granting many who were new to trading and suffered exponential loss, the ability to recover,” Abrahim said.
Of course, the pandemic has created unique challenges for the pair to solve in the year following SlapStock’s inception. Abrahim and McChesney have had to reevaluate their trading methods and learn how to navigate the uncharted waters, all while steering to safety. Improving their current processes is an ongoing effort, in addition to their partnership to work towards building a state-of-the-art application to assist traders in their day-to-day trading. Even still, the future looks promising for these two.