There are so many pointers that are obvious in why it’s very likely this guy either: 1. gained his wealth very suddenly/quickly 2. inherited 3. or both If otherwise did truly build his wealth over his life time it’s HIGHLY unlikely he would be using Robinhood for one. And secondly, 10k per month through these individual picks is the obvious pointer.. you can make that with. MMF/MMA automatically. I’m curious how he attained his wealth with this level of (or lack of) investing knowledge. Seasoned investors everywhere are facepalming at how idiotic this is…
@tbaloni10 күн бұрын
I have a question, with that amount of money invested why not just play it safe and own an index fund in the s&p500?
@bryancrook587511 күн бұрын
Happy birthday🎉🎉🎉
@rickanderson659512 күн бұрын
Have you ever looked at RIO. ??? Undervalued with a big dividend.
@jimlewo469313 күн бұрын
Why would your account size matter with pdt rule?
@JohnsFishTales13 күн бұрын
Lock your gains in. I try not to let profitable trades turn red.
@wealthsnowball13 күн бұрын
I agree! I felt really good with nearly $1k gain in 90 minutes. Buys me some more baseball cards, lol.
@davekiss155613 күн бұрын
Prince = bullish
@wealthsnowball13 күн бұрын
Yes sir Dave 🤣💜!!
@JohnsFishTales14 күн бұрын
I’ve sold lots of puts and made some good money with the TQ’s. I learned the hard way too about proper risk management and using stops.
@wealthsnowball14 күн бұрын
Trading and options definitely have steep learning curves - which plays into my ADD - love being obsessed and can hyper-focus on subjects that fascinate me. What are you currently trading?
@mightyhippy14 күн бұрын
Happy birthday coco
@wealthsnowball14 күн бұрын
Thank you thank you thank you! I give her your birthday wishes when I see her on Saturday 🙏
@mrpremiumoftheoption11614 күн бұрын
Yo Bartster!! I used to wheel tqqq and it was good to me...need to look at getting back in once it dips;)
@wealthsnowball14 күн бұрын
Hey Mr. P - hope you're well my friend! I'm excited about the TQ's but also understand the risks of trading a leveraged position. Which tickers are you currently wheeling?
@Megrogs264115 күн бұрын
Love to see it!
@gansterman0416 күн бұрын
Video ended early! But Congrats on the milestone!
@Hass9516 күн бұрын
I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have
@MJ-46516 күн бұрын
I suggest Miss Hattie Domke Glover is extremely good on that. She is really good at what she does, Now I can pay so many bills because of her help
@Hass9516 күн бұрын
Please educate me. I've come across this name before. Now I am interested. How can I reach her?
@Additional4416 күн бұрын
This is correct, Hattie's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
@Morton-22116 күн бұрын
Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional
@ViktoriaJohanson16 күн бұрын
It doesn't matter if you are a current hodler or a newbie. You can capitalize on the fluctuation of Bitcoin by trading with good strategy/signals
@tomcoleman55018 күн бұрын
Congrats on 23 years!!! Happy for you, good advise...thanks for sharing
@JohnsFishTales18 күн бұрын
Happy Anniversary. 23 years of bliss here.
@fatzeus76gaming4619 күн бұрын
Happy anniversary. We are getting married in December.
@wealthsnowball18 күн бұрын
That's awesome Big Z! I've loved being married from the very first day.
@tomcoleman55020 күн бұрын
Thanks Bart!!
@cjsmith302020 күн бұрын
So you risk $82 and max win is $18?
@nathanial8238522 күн бұрын
Oh man. Your gonna get robbed on options lmao 🤣 impossible
@cole670222 күн бұрын
Would deff be nice to have 2.5m just sitting in cash on a RH account
@IvanPlayStation4LiFe26 күн бұрын
He lost so much
@Megrogs264127 күн бұрын
I was able to take risk off of my TQQQ and SOXL trades today. Glad you were right on the recovery!
@wealthsnowball27 күн бұрын
@@Megrogs2641 that is so great to hear Meghan! Hope you and the family are doing well.
@halbouma672029 күн бұрын
Thanks for the video! Its good to see things rebounding today!
@wealthsnowball29 күн бұрын
Yes, green days are way more fun than red days. Hope you're doing well.
@rickanderson659529 күн бұрын
What year will the last Bitcoin be mined ???
@wealthsnowball29 күн бұрын
They say that last Bitcoin will be mined around 2140. Hard to believe but that's what I've always heard.
@mightyhippyАй бұрын
Here in California
@wealthsnowball29 күн бұрын
Where at in Cali? I'll be out there in Napa Valley in October. Can't wait!
@mightyhippy28 күн бұрын
@@wealthsnowball San Jose. hopefully there is nothing burning in Napa at that time.
@mightyhippyАй бұрын
You are spot on with the predictions. Nice
@wealthsnowball29 күн бұрын
You know what they say about a blind squirrel 🥜
@Justinharmer590Ай бұрын
Watching from NJ
@wealthsnowball29 күн бұрын
NICE! Big fan of the Sapranos 🤣. Serious question... did you watch Jersey Shore when it first came out?
@Justinharmer59027 күн бұрын
@@wealthsnowball Nope, watched it only a few years ago i was younger when it came out
@tomcoleman550Ай бұрын
Eh Bart, Tom Here I am from Toronto Canada-Blue Jays fan, we are rebuilding...I am like you and toying with options-calls and puts, a little credit spreads, trying to grow my account, I am also like you with regard to real estate, I own-rentals, and I am an agent, Anyway you crack me up, really appreciate your vids!!!
@wealthsnowball29 күн бұрын
Because of my love of visiting the shores of Mexico - I get a chance to meet a lot of Canadians. And I have to say... what a lovely experience I've had with your countrymen. Blue Jays, I thought were on to something, and now I just don't know. Lots of talent but inconsistent. But I will say I can remember exactly where I was and what I was doing when Joe Carter hit the walkoff home run in the World Series - the GOAT was on 2nd base when it happened. As a Blue Jays fan, who was that goat on 2nd?
@tomcoleman55029 күн бұрын
@@wealthsnowball R. Henderson!!! I think it was the only walk off to end WS ever!!! Look at yankees yesterday with Ch Sox, anything can happen!!!
@GAME-808Ай бұрын
well, hello there 😆
@wealthsnowballАй бұрын
🤟🤣
@lankaprinceАй бұрын
How to do I enter a bazillion reference line on the charts?
@wealthsnowballАй бұрын
I used a crayon 😉🚀🤩
@NycX360Ай бұрын
TLT does look good today
@wealthsnowballАй бұрын
The setup looks promising - hoping for a follow through beginning tomorrow or Thursday 🙏
@brushcrawler8612Ай бұрын
The suits appreciate your donation
@DavidTran-hf3hnАй бұрын
Would love to see a video of your background story and how you grew your account
@mrpremiumoftheoption116Ай бұрын
Yo Bartster! Welcome back from your vacation! I know you are feeling good, but ain't no way we are moving up and to the right. Already wrote ITM covered calls my friend...time to collect that bread on the way down!!;)
@wealthsnowballАй бұрын
What's up Mr. P? Hope you and the family are well. I'm still waiting on your visit to Valparaiso so we can share a beer or three. My magic eight ball has a rally taking place after the short term bloodbath we just experienced - a rally that will setup the next bigger drawdown that will likely occur before the end of the year.
@Megrogs2641Ай бұрын
Man I pray you are right! I accidentally had a buy order for SOXL and didn’t realize it so I ended up doubling down at the same price so I’m in more than I would like to be for one position and need a rebound to get out
@wealthsnowballАй бұрын
So far so good today - although three out of my four sweethearts are still red (gold, silver, and oil should find a bottom as early as tomorrow). At what price did you double order SOXL? Hopefully you'll be in the green very soon.
@Megrogs2641Ай бұрын
@@wealthsnowball I double ordered at $35.43, so not terrible, but also concerning when I’m over leveraged in such a risky position. We will see how the market plays out!
@MarcoLiftzАй бұрын
I hope the market goes back up sorry for venting just worried about her account I’ve been subscribed to you for a while now. Was trying to learn option trading a while back. Do you think the market will crash bro?
@wealthsnowballАй бұрын
I'd love to say I know for sure if the market is going to crash or not. I've been on my toes looking for clues for months now because I don't like the look and feel of the current economy, unemployment, AI eliminating jobs, the enormous weight of our national debt, and the theory that BRICS will announce they're going off of the dollar when they meet in October... with the price action over the past couple of trading sessions... the likelihood of another breakdown in the market coming this year has increased.
@MarcoLiftzАй бұрын
Man I’m taking care of my mom’s account I don’t know much about investing other than reading up on stocks etc. She’s gotten too old to pay bills / handle any of her finances. I seen her long term investing account drop 5k in a few days. I mean overall she’s still up like 40k but worried about this. That’s all she has besides her social security…
@wealthsnowballАй бұрын
Taking care of your mother is a noble act my friend. Big down days like we've had the past couple of trading sessions are VERY scary - it's human nature for us to be more fearful of down days than we get excited about up days. Keep up the good fight!
@thatfunkymonkeyАй бұрын
I also have a dog named Stella 🤣 we call her Stella Bella as well lol
@wealthsnowballАй бұрын
Wow, I love it! What kind of dog is your Stella?
@thatfunkymonkeyАй бұрын
@@wealthsnowball she's a boxer. How about your's?
@wealthsnowballАй бұрын
@@thatfunkymonkey I have friends with boxers - they are great!! My Stella Bella is a 9 pound 9 ounce Shih Tzu (and as cute as you can possibly imagine ❤).
@thatfunkymonkeyАй бұрын
Cool video! When me and my brothers were kids, my father would come home from work with a few packs of cards a couple times a week. He would spread them out and let us have a draft. We would pick out cards and put them in our albums. Me and my brothers still have a massive collection of cards thanks to my old man.
@wealthsnowballАй бұрын
That is fantastic! Your dad is awesome ❤️
@IamDruMzTVАй бұрын
Enjoy the vacation boss
@giffordjourneyto1millionАй бұрын
Wow, what an unreal amount of capital to be options trading with. Thanks for sharing frim NZ
@JJ-rg7ypАй бұрын
were the rolls of pennies always yours or do you go to the back and exchange dollars for rolls of pennies?
@DavidTran-hf3hnАй бұрын
Would you recommend credit spreads ? And what’s your favourite ETF to trade ? And with a small account to do you recommend selling naked puts ? Thanks David 😊
@wealthsnowballАй бұрын
I do recommend credit spreads - especially with a small account. If I had a small account and was trading credit spreads - I would definitely be looking at QQQ, USO, SLV, & GLD. And I would not recommend selling naked puts, EVER. The problem with small accounts is the ALL or NOTHING mentality that is human nature. If you apply patience with prudence you will ALWAYS accomplish your financial goals (key word: Patience). Thanks for watching and commenting 👍
@DavidTran-hf3hnАй бұрын
@@wealthsnowball really enjoying your content. Would you include SPY for credit spreads ? And would your ever recommend long calls ?
@Megrogs2641Ай бұрын
Have a great vacation! Looks like a beautiful location!
@wealthsnowballАй бұрын
Thanks Meghan! The vacation was amazing ❤️. Lady Godiva and I are sad that soon the Fab 5 will have trouble vacationing together - because Kid 1 & 2 will both be graduating from college and moving on with their lives 😢 - so every moment with them is precious. Hope you and your family are doing well my friend 🙏
@4sizleАй бұрын
So, you sold because you were satisfied with your profit? You did not want to hold longer than 1+year to get the tax benefit? Just want to understand your mindset here
@ScottiePOGGАй бұрын
I sold puts on CLSK as well! What a coincidence
@wealthsnowballАй бұрын
We did not do well on CLSK did we? Never fear, we'll be back in the green soon on CLSK (I hope 🙀).
@ScottiePOGGАй бұрын
@@wealthsnowball I'll be selling covered calls apparently! Lol
@TradelikeaceАй бұрын
Love your vibes and Taste in music I’m currently trading credit spreads
@wealthsnowballАй бұрын
Thanks Ace!! I appreciate you my friend 🙏. What's your favorite stock or etf for trading credit spreads?
@halbouma6720Ай бұрын
Be careful with ETN's , they have less protections than ETFs and can be halted where you don't get capital back. Thanks for the video!
@wealthsnowballАй бұрын
My ole friend Hal! Thanks for being a long term friend on the channel 🙏