Day Trading Stocks? | Our Advice as Millionaires Who Retired Early by Investing in the Stock Market

[@OurRichJourney]

▸▸▸ www.365daystofire.com/ Enrollment is now open for our 365 Days to F.I.R.E. Program for 2025 Sign up and get: ◼ Completed F.I.R.E. Plan, Stock Investing Plan, Real Estate Investing Plan, etc. by the end of program ◼ Daily F.I.R.E. Actions ◼ Monthly Live Q&As ◼ Small Accountability Groups ◼ Quarterly Book Club ◼ 3 Meet-ups in Portugal, including a 2-Day Conference with us in Porto! ◼ Private Facebook group ◼ Lifetime access to daily tasks, recorded live Q&As, recorded book club meetings, Facebook group, and resources ◼ Discounted future meetups as 365 Days to F.I.R.E. program alumni ◼ And more! To learn more and enroll NOW, go to: www.365daystofire.com/

[@jmr2594]

Can u do an update video on Vanguard ETFs u guys still invest in.

[@OurRichJourney]

Yes - thanks for the suggestion!

[@krishnarjun7665]

Please suggest what etf to invest on monthly basis

[@artinek7126]

Where's the stock portfolio update? The $5k invested during the market crash. A year later update would be groovy :)

[@OurRichJourney]

22 thumbs up on the comment! Thanks Artinek! We were noticing people didn't seem interested in it as much, so we scaled back but we can do another update if there's interest!!! :)

[@omoney4610]

Naw, I look forward to it. It's a good way for people to see what "simple" investing looks like.

[@sweetness2689]

I'd love to see it also!!

[@buddahcrypto9811]

Agree, updates confirm the fundamentals. I opened my Vanguard ROTH IRA thanks to your channel last year and I see the compounding. I appreciate the knowledge.

[@isassirius2520]

Yesss!!! Please do !!

[@jamesspitzercashout]

Always fun to see you every Sunday! And yes, now EVERYDAY is Sunday for my wife Ellen! 31 years as a Kindergarten and 1st grade teacher, she has earned this. Thank you for being far away friends. Take care everyone! We, Us , Together! Share your smile where ever you go, its so contagious. James

[@OurRichJourney]

JAMES & ELLEN!!!!!!!!!!! I LOVE that it is now officially Sunday every single day for Ellen! Such an incredible feeling! And I love that we got to count down the days with you! Congrats to Ellen!

[@audreyaloha7749]

How is there 1.5k views and less than 200 likes ? I'm so grateful for all the AMAZING content. Thank you our rich journey family 🥰

[@blackestknight1.0]

Cos folks are mad ungrateful

[@OurRichJourney]

Hehe Audrey! Hope your comment inspires more people to like!!! :) Thanks for watching!!!

[@OurRichJourney]

@BLACKest Knight - Hehe! We're just happy for our amazing followers that do comment and like!!! :)

[@kenesa]

People may like the video but not hit the like button; just because you like a video doesn't mean you have to hit the thumbs up button.

[@rogeriosabino8854]

Hi! I'm from Brazil and I'm learning so much with you guys how to save money. Thank you so much!

[@OurRichJourney]

Awesome! Thank you Rogerio!

[@MsEady123]

I'm glad that Dr. Delahoussaye told me about you guys. I learn so much from your channel.

[@OurRichJourney]

So happy you found our channel! Thanks for watching and commenting!

[@R._L.]

Good summary. Indeed, Trading and Investing are two distinct activities.

[@OurRichJourney]

Yes - definitely NOT the same! :)

[@PeeGeeThirteen]

I decided to not buy individual stocks anymore and just go for index funds instead. Now I only buy VOO and QQQ. I'm not a day trader, I'm not educated enough to pick winners and losers. So I'm going for simplicity with ETFs.

[@blackestknight1.0]

VOO is a very good one. It's like a balanced diet for those who want to be in between conservative and aggressive investing while being diverse

[@OurRichJourney]

We love our index funds! :)

[@youngmarv3217]

Vti is real good also

[@christobar]

I've bought individual mostly tech stocks over the pandemic and had a 59% return - but that has shrunk now over the past 2 months to ~14%. I'll probably make the switch to just go with index funds as well as things slow down.

[@viceanterra3]

I only buy vtsax atm so I'm right there with ya.

[@MR.B1004.]

Borrowing money to do any kind of trading gives me chills in my body too!

[@OurRichJourney]

Haha! Yes - gives us chills!

[@tobirates916]

Truly cringed when I heard that.

[@OurRichJourney]

Very cringe worthy! LOL!

[@karentr2089]

Since you're both former federal employees, I would love to hear about how you factored your federal pensions into your FIRE plan. I'm a teacher and trying figure out how my pension payouts factor into the 4% rule.

[@OurRichJourney]

Thanks for the video suggestion Karen!

[@kaurbinni634]

Which platforms are better to start with? There are a lot like questrade, wealthsimple, vanguard, etc. Which one beneficial to start with, with more benefits and less risk and long term investment.

[@ozdoits]

So glad to have your trustworthy opinion on Day Trading! Thanks to each of you!

[@OurRichJourney]

Thank you so much!!!

[@ozdoits]

@@OurRichJourney 😀🌸🙏

[@MrTleeboss]

I appreciate your videos and I just appreciate you and your family as a person that works for the government looking for a retirement strategy now

[@OurRichJourney]

Awww, thank you so much!!! We really appreciate that you watch our videos and comment!!!

[@rajicalifornia]

Amon and Christina any thoughts on swing trading as well? It is different from day trading.

[@reginaldshoatsreggie]

Love you all’s channel and thanks for the advice as always

[@OurRichJourney]

That's awesome! Thank you so much Reginald!

[@dawan301]

Thanks for the information on day trading. Now I know the pros and cons of it. You guys are awesome.

[@OurRichJourney]

Very cool! SO glad you liked it! Thanks for watching!

[@OurRichJourney]

📈Looking to learn how to invest? Enroll in our Stock Market Investing Course: www.ourrichjourney.com/investingforfire 🔥Learn more about financial independence and retiring early: Enroll in our F.I.R.E. Master Class: www.ourrichjourney.com/firemasterclass ✈Want to move to Portugal? Enroll in our Moving to Portugal Course: www.ourrichjourney.com/movingtoportugal

[@JD-tc5ur]

What about VT for long term investment?

[@JS-Rawski]

My favorite channel on KZbin

[@victorc2786]

As always,thank you for the sound advice.

[@jeanpolice3044]

Very clear. Day trading is gambling ! A minority of winners !! Great work as always !! 👊🏿 🔥🔥

[@OurRichJourney]

Thank you Jean!!! :)

[@eric4719]

Thank you both for sharing your "Rich Journey"! You are both a great inspiration to so many. My wife and I absolutely love your channel, and (though we are older than you both) we want to be like you when we grow up.

[@chimskipomwog9100]

Hey! Yes I can see your content first! Keep up the good work!

[@OurRichJourney]

Thank you Chimski!!!

[@DeepakKumarHans1968]

We get a complete knowledge of investing & stock mkt from your vedios.

[@wayne_coleman]

Hi, what about doing a video on swing trading as I do this as well as investing and would be good to know you're opinion? Thanks from the UK.

[@smartcookiefinance]

Wow the stats say it all, 90% are losing money and only 1% are making more than minimum wage! Very eye opening

[@judithbuchanan9566]

Hi friends 🙋🏽‍♀️ Loveeee your content as always! Thanks for sharing 🙌🏽👍🏽👌🏽

[@OurRichJourney]

Hello there Judith!!! Thanks for watching!!!

[@SamLui]

I find it to be better for my mental health if I don’t day trade 😅

[@OurRichJourney]

Same here Sam!

[@shaereub4450]

Me too. I just invest regularly in ETFs through a robo advisor.

[@solargod3671]

100%

[@Simpson4Fun]

Same! 😄

[@user-jy7yw5kw3w]

I put the robinhood app down 😂 one time I made around 10k on a call, my first time, I thought wow I'm good at this. The next day I did it again bet the whole thing thinking I'm going to hit again... nope it was gone within seconds. Talk about a rollercoaster.

[@Gomeeze904]

love this channel! thank you for all the info

[@OurRichJourney]

Glad you enjoy it! Thanks so much!

[@jesush9940]

Can't wait for you guys to talk about option trading and the greeks!

[@katsand7933]

Could you recommend any books for people starting out in the pursuit of FIRE?

[@OurRichJourney]

YES! We have book recommendation in the description of this video! You can check them out above! :)

[@katsand7933]

@@OurRichJourney Thank you so much! I really enjoy your video's and all the information you share. You are really inspiring.

[@OurRichJourney]

Thank YOU Kat!

[@gigmedicmax955]

What do you guys think of FSKAX for reaching fire only stock in portfolio? it's fidelity version of VTSAX.

[@fernandofilho7828]

You guys are awesome !! I have been watching your videos and i m just loving it. Thank you very much for being so nice, honest and transparent on sharing all these priceless advices

[@nubialena5658]

Can you all do a video that's similar to this one but for options?

[@OurRichJourney]

Thanks for the video suggestion Nubia!

[@cosmicam888]

Hi there, great show! How is Portugal? Thx for sharing! Abraço da Europa!

[@Imran-Lalani]

Absolutely agree. It’s not even recommended for any given FI. Us long term VTSAX chill folks win even in down market by DCA.

[@kirtipatidar9120]

You guys are awesome 👏🏻👏🏻 . Could you make avideo about beneficiaries for any account, I heard about some accounts we can not add beneficiaries. I think this is very important topic for everyone. You guys gives info about any topic from root to top, no one can challenge you. 👍🏻

[@lzshow]

Is it true you can use your ira to invest in real-estate? Can u do a video

[@OurRichJourney]

You can use a Self-Directed IRA to invest in real estate. We haven't done a video on that yet, so thanks for the video suggestion! :)

[@rajeshkukreti7606]

I am a long Term Investor in MF, Equity, swing Trading & Sometimes Day trading. Now I want to start maximum trade as Day trading . Iam learning.

[@OurRichJourney]

Day trading is risky! Make sure you do your research!

[@Sun_shyne]

Hiya! There is enough anxiety in life already, and to just make min wage day trading, no thank you lol! Thanks for the info guys.

[@OurRichJourney]

Yes Sunshine! We have NO interest in that stress or anxiety!!!

[@TeqilaKitties]

First of all, you two are adorable. Second of all, you both sound very intelligent and well-spoken.

[@OurRichJourney]

Hehe! Thank you Amy!

[@YogiRed]

There are many stock promoters on twitter. They brag about their wins but don't talk about their losses. So, this intrigues people to follow them and start day trading on whatever stock that person is promoting that day. Please be careful on who you follow when you are interested in day trading.

[@OurRichJourney]

Yes - very true!!!

[@tonibarrett8809]

Another excellent video y’all! Thank you 🤑💰💵💸 😍

[@OurRichJourney]

Thanks so much Toni!!!

[@ps5500]

Thanks for a clear and concise explanation. I always doubt about day trading but at the same time I always wanna try it, this feeling that you missed something)

[@mathetem]

Do Day Traders get affected by “cool off” periods? And what are likely tax implications if inexperienced traders go this route?

[@jamesjohnson514]

Thanks for the information.

[@OurRichJourney]

Our pleasure! Thanks for watching James!

[@abeyoutifuljourneyahead]

Do you have a video discussing the acorn app? I don’t see it unless I am missing it. I am new to your channel.

[@paulrumohr]

I love the graphic with Aman holding the glowy diamond, LOL!

[@OurRichJourney]

Hehe! Thank you Paul!

[@leannabrentsfamily6861]

Hello can you make a video about crowdfunding for real estate

[@classicgemmstudiosrelaxing4607]

This is a really timely video especially as so many people sit on the fence with Bitcoin and wonder if they can make fast money daytrading crypto. Great video.

[@tjules7]

Great information. Can't wait for your next video.

[@dwalker6868]

Thank you for the lesson

[@OurRichJourney]

Hello there D Walker! Happy Sunday! Thanks for watching and always commenting! :)

[@crissyqualls8277]

How is your oldest liking Portugal? My son is 14 and I’m just looking into schools and sports, and youth activities there.

[@sweetness2689]

What's a good broker you recommend for day trading with low fees per trade? Appreciate the help!

[@jaymacb1success345]

Full-time day traders are minimally successful. However, day trades are an essential strategy for anyone making money in stock market. Options, day trades, investing in indexes and individual stocks, are strategies have their usefulness.

[@OurRichJourney]

Thanks for watching!!!

[@fcf777]

People fear the unknown, hehe.

[@phillips8366]

I've always been average. When I was 16, I remember I picked up this book at the library called, "The Little Book That Beats the Market," and it was the first time I could maybe one day be rich -- by being average. Then I thought, "but if everyone invests in these index funds, aren't they all gonna pull out their money at the same time? Who WOULDN"T just invest this way? Isn't it gonna crash the market?" Then I got older and realized most people ignore the data because they think they're exceptional. It pays to remember you're not that special: just try to make more money at your day job.

[@user-sw2jk3vo3y]

#8 glad you're addressing this

[@OurRichJourney]

Thank you!!!

[@timiadetona]

Quick question guys: Do you feel about this with swing and position trading?

[@lashawn369]

Checking in from the DMV

[@OurRichJourney]

Hey there LaShawn!!! Happy to see you this week (in the comment section, of course!!!)! :)

[@theartist1151]

Thanks as always for an educational video. I didn't realize especially looking at the comment, how difficult or risky day trading is. I have a close friend learning and so far so good. However, I would like to learn day trading for my own gratification 👍🏼. Until then I'll buy & hold.

[@ejbatu]

Thanks for this video. Question or video request; if you have already made a video on these questions, please share: - What's the minimum amount of money you should have to move to Portugal? - what's the average appartment and house prices? - what would it take to work/get a job in Portugal? - what type of industries are in demand in Portugal? I.e. I'm IT professional, so is that a good industry? - do you guys visit the US? If no, why not or do you plan to visit in the future? - when you take a vacation, where you you guys go? Maybe if you can do top 10 places to visit in Portugal and 10 place to visit in Europe? - if I remember correctly, you had rental properties in the US. Do you still have them? If no, are you only doing stock/index trading now? If yes, what's your strategy in managing the properties? - Some people are moving to Mexico City, Serbia, Vietnam, Costa Rica, Belize or Philippines. What's your take/opinion on these countries? - if you didn't move to Portugal, what's your to 5 countries you would consider moving and why?

[@OurRichJourney]

Hey Ej! You can check out our playlists - we have quite a few different one's on Portugal that can answer some of those questions! :)

[@AntonioInvests]

I like selling options like covered calls and cash secured puts to make extra income on the side. I almost look at it like a side hustle 😁

[@Penelope416]

How long did it take you to learn the process and then start making profits?

[@davidleonard4925]

What im not understanding is how can some day trade? This is the trading process as I understand it based on what my broker says. That in general you need to hold a stock 3 days before selling. So for example. 1-Own Ford for 3 days or more. now I can 2-Sell Ford and take proceeds and buy GM. Now however I dont fully own GM for 3 days. So now I cant 3-Sell GM after owning for just a few minutes and take proceeds and buy Honda. So I guess this means I must wait 3 days after buying a stock in order to sell if I bought it with money I got from selling previous stock.

[@cann9155]

Great class from A-Z#👏🏽❤️

[@OurRichJourney]

Thank you C Ann! 🤗

[@AshleySkyflier]

Thank you for another great video. Very informative! 🤓 I don't think day trading is for me either.😳

[@OurRichJourney]

It's definitely not for us! :) Thanks for watching Ashley!

[@MrSegunadedapo]

You guys are the best .

[@YallahYah]

Wow, I'm so early🤓📝

[@OurRichJourney]

Thanks for being early Ivan!!!

[@justinpark2663]

I already maxed out 401k,roth IRA, HSA. Any other tax-advantage account I could contribute? and Finally watched all the videos!

[@stopbuyingvowels9018]

On technical analysis - a lot of times TA can be a self-fulfilling prophecy. Even if you don't believe in it, it can be helpful to use TA/charts to try and gain better entries once you have already decided you are going to invest in something. If correct it can lead to accelerating your returns right off the bat, and if incorrect, you planned to hold long term so you won't be worried anyway. Just a thought.

[@SuperFoodParents]

You two used to be my favorites, but now you've retired and are stepping on my day trading toes. I took a course in day trading (3 actually) and am I making boocoo money? *no* You two are my almost favorites because I'm still broke😆🤣

[@danelledautrievesanford]

Great topic. I'm not currently built for day trading🤣🤣🤣😭😭😭💀 . I like watching Ally Bank stock of the day.

[@OurRichJourney]

We are not built for day trading either Danelle!!! :)

[@tobirates916]

You all did not disappoint! You came out where I expected, but only after careful analysis and solid reasoning. 1% making more than minimum wage? 😱 Also, way to show off the new merch! Maybe add a nonchalant swig from an ORJ coffee mug on the next video?

[@OurRichJourney]

You are too awesome Tobi!!! In the future, we'll have a "can you spot the ORJ coffee mug!" LOL!

[@jeffdorris5321]

Happy Easter 🌠🐣

[@Calipeixegato]

The fundamentals tell you WHAT to buy. The technicals tell you WHEN to buy.

[@Itsalllove1111]

Great info.. thank you

[@maxineoliver7404]

I'll have to catch up later"" Happy Easter"!🌺🌿

[@germelljohnson]

Great video guys. So I use to day trade a bit but couldn't commit to it full time because of my primary job. Just to give some context to technical trading, the belief is that there are naturally occurring patterns everywhere in the world, even in the market. For some day traders, for example FOREX, they are trying to find those patterns. And again as you said, using past performance to predict future outcomes, they attempt to make money. The idea behind it was interesting, but definitely not for me. I love my index funds.

[@CptnC1utch]

Great insight! It's unfortunate how many people get caught up in the idea of trying to get rich quick by day trading. Over the long term, low cost, broad-based index funds always win.

[@englisboa]

People always have greater difficulty thinking long term. Day trading is appealing....but just as you said, rarely profitable. So it is always better to choose good companies, that are undervalued (or good funds) and let them work. After all most people aren't professional financial analysts so it's better to let others do the work and enjoy other things (even if it's our work)

[@KENTUCKY-MAMA]

Good 2 know. Thanx

[@bmahoney1568]

Thumbs up!!!

[@OurRichJourney]

Thank you!!!

[@dogfeliz]

Olá! Vocês parecem brasileiros. Muito bonitos e simpáticos! :) Muito obrigado pelo vídeo.

[@thebestthingthatneverhappe6729]

the 10% of day traders that don't blow up their account after 3 years are actually very successful

[@Penelope416]

Yeah, exactly. Risk management and compounding your account over time is much more important rather than trying to strike it big in a short period of time with no risk management.

[@noellehilgesen612]

Thanks

[@OurRichJourney]

Thank you Noelle!

[@craig8211]

Great video as always! One main omission though. If you live in the United States in order to day trade equities, etfs, stock options, you must open your account with $25,000 and maintain that balance. This is known as the Pattern Day Trading rule or PDT rule.

[@menenloko1827]

Yes, but only with margin accounts. The PDT rule doesn't apply to cash accounts.

[@OurRichJourney]

Thanks for sharing Craig! :)

[@OurRichJourney]

Thanks for the additional info!

[@Luxlookgood]

Explain more about hedge funds

[@OurRichJourney]

Thanks for watching!

[@SuperFS11]

Nice video guys! I've been trying day trading and I must say iIve been part of the 90% who is losing. Mostly because I get greedy: I see profits going up and I keep waiting to go higher and then all of sudden a big drop!

[@NursesToRiches]

The amount of Techs, Nurses, Doctors, and other Healthcare workers I work with who think they have found the key to success in day trading is beyond me. I work with many who have pulled from their 401k to trade with in the stock market! Most of them have lost tens of thousands of dollars in the last month alone!

[@blackestknight1.0]

*The Richest of ALLL Journeys!!! The Richest of all the PATIENT Journeys!!! I tried day trading for ONE day and found out quick that these gainz ain't loyal mehnnn!! I'd rather build my Journey the RICHEST way, y'know what I mean!*

[@OurRichJourney]

Such lovely comments! :) Thank you as always!!!

[@viceanterra3]

I'll just hold only to vtsax and cruise. Day trading would cause me to go gray early lol.

[@jakevb141]

Day trading is more so entertainment for me, sometimes I make some extra money when my day job is slow

[@OurRichJourney]

Thanks for sharing Jake!

[@Penelope416]

Do you trade options, stocks, futures, forex, crypto?

[@frankdice2037]

People will definitely be kicking themselves in regret for missing the opportunity to buy and invest in cryptocurrency

[@Carlos_Spartacus]

But how does anyone figure out what crypto to invest in? They all sound great in theory

[@kelvinchang8100]

I cutloss over 10K++, I predicted that good cash rich healthcare company share increased. but it go against me for months. I wonder do you encountered lost money in stocks or other type of investment?

[@alfredleo1780]

wise investors understand that the best way to gain is in a crash. The best time to invest is now...

[@josebrown8060]

GREAT VID, too bad people are NOT going to take heed to your message. All day-traders think they are called by GOD to do it and they are a 1000 miles from the truth... some people have to learn the hard way no matter who tells them, but thanks for telling everyone anyway..

[@lashawn369]

😅 so true.

[@OurRichJourney]

Yes Jose - but I think it's natural for people to think that they'll into that lucky 1%. Although statistically, it's not possible for everyone to be the 1%!

[@sidonio123]

i do long term investment and crypto and so far so good

[@OurRichJourney]

Fantastic to hear your investments are doing well!!! :) Thanks for watching!

[@dreameryoung38]

Day trading at one time was glorified on television,they show the good no th the bad

[@OurRichJourney]

So true Sandra!!!

[@richardbelman9312]

Learn a strategy and practice at least a year, learn how to day trade options period. Day traders fail because they aren’t trading they are gamblers period. Learn a strategy and practice.

[@harveyhowe9801]

I love how open minded you are about investing, I read an article of investors that made up to $500,000 within 2months from options, so please I'd really love more tips and clues on how to outperform the market and make such profit using options.