Taxes are a subject that every single watch trader wonders about when they start their journey. It quickly goes from wonder to worry once they start making good money at trading. At Watch Trading Academy, we wanted to put together a guide explaining best practices for taxes so that as you progress you can refer […]
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The global economy is constantly in a state of shifting power of countries. The Ebbs and Flows of the luxury markets are both seasonal and cyclical on a more micro scale. And on a macro scale, the luxury markets typically are dominated by first world countries that share trade agreements. The delicate balance of global […]
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Negotiating… It’s a part of life. We all want what’s best for ourselves, but we can’t always get that unless we’re able to convince the other person we’re working with to give us what we want. When it comes to watch trading, being a good negotiator can be the difference between paying too much for […]
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I have hundreds of people ask me every year if a watch is real or fake. And before I even investigate the watch or the listing, I ask them this vital question first … “Who’s the seller and where did you find them?” This is the most important question you’ll want to answer to ensure […]
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When it comes to watch trading, you’re dealing with assets that are in the thousands to tens of thousands of dollars range. The industry is polluted with scammers, robbers, cheats, liars, embellishers, and even murderers. The point of sharing this info with you isn’t to discourage you from watch trading. It’s to tell you the […]
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You may be wondering what the differentiating factors between watches that move fast for big margins to retail buyers versus what types of watches will sit forever are. The reason a lot of folks stick with Rolex and sell at wholesale margin is because it’s easy. And that’s good. So what if you knew you […]
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One of the most overlooked virtues to becoming a great watch trader and what is known as a “soft-skill”: Mentality. A soft-skill isn’t based on a 1-to-1 correlation of producing profits on any given trade, yet a strong mentality is one of the most IMPORTANT skills needed to make serious money in this game. Ask […]
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People often ask me how to build relationships with watch dealers who can get you access to very in-demand and/or hyper rare models. How do you ensure you’re buying pieces at a price that makes sense for them AND you so that you don’t lose your ass trying to form a relationship with no promise […]
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As a watch trader, your network truly is your net WORTH. You’ve probably heard that phrase at least once over the course of your life, and it applies 100% in the watch trading game. Having a network of people who look at you as their go-to watch contact is how you’ll be able to beat […]
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Recently, I had a friend of mine who is an entrepreneur in the multimedia space pitch me on a series for his watch lifestyle channel. It’s titled “A Day in the Life”, and the vision is to give folks both in and outside the industry different perspectives of those involved in the value chain of […]
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