How I Day Trade - Your Questions Answered

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[@thefraseman]

Now this is content. Back to a youtuber that is actually giving out points of interest rather than "look at my new *** "

[@TiberiusStorm]

I Googled "How to buy stocks" and every video I've watched so far has said to NOT do day trading because it's essentially gambling. Hmm!

[@MrOj59]

True cant compete with big boys

[@SoloDucky]

Day trading is -ve EV.

[@MrOj59]

@Antonio Leon just longterm investing in mutual funds that outperform s&p 500 is probably the best steady way to reach passive income from stockmarket. Obviously slower than day trading but lot safer

[@harrisonsrad]

1 out of 10 traders are successful,

[@NickWright]

@@harrisonsrad 9/10 traders don’t take time to actually learn and practice trading. I think everyone should paper trade for 6 months to a year while studying pattern breakouts, trend lines, support & resistance, pivot points, volume, bid-ask spreads etc. before they ever try a trade with real money. Unfortunately it’s one skill which requires education on the matter, but is easy accessible to everyone. THAT is why the number of losing traders is so high IMO.

[@TheCaribookid]

Been waiting a long time for this video! Great job 👌👍

[@mw66683]

"Robinhood pays $65 million to settle SEC probe over misleading communications with customers"

[@hayleykenyon5679]

Love it, looking forward to the research ahead of me based on your pointers. Thumbs up, thanks Nick!

[@bradymcintyre3081]

Keep these types of vids rolling!!

[@cataldoleone]

Keep posting Nick. Great Video.

[@gabrielstamps2239]

Loving the stock videos!!

[@willjackson6729]

Hey nick, any books you recommend for someone who doesn’t know anything about stocks but wants to learn? Thanks a lot

[@The_Practical_Bond]

I wouldn't waste your time or money with actual books (just yet). Look into Investopedia first, it has TONS of information with videos. I work in the markets for a global bank/brokerage and we constantly use that site for reference. For books specifically as reference, I would find what interests you first, learn what you can about them and then perhaps buy books just as a reference. For example, I needed to know more about interest rate and currency trading (to better understand the trade desk) so I bought a book on that after learning about it on investopedia and KZbin.

[@bigboiblue1925]

"The art and science of technical analysis" is very good. Main thing is to just statistically backtest your strategy though...

[@JamesDavis-pz5nh]

Great info! I have a question, where do I get a desk like yours?

[@Jprice87]

Thanks for all the tips Nick!

[@kellohey8624]

More of this please!

[@sheenestevez6710]

As with any type of investing, you've shown that it is important to get educated, even if just in the fundamentals of how to read/understand stocks, and that different investment types have different life-spans.

[@angelol5643]

From someone who day trades, you made it very simple. Love to see it!

[@alexbruce2405]

Love this

[@brettco20]

Nice nick!

[@MiamiSammy]

I don’t have a ton of time outside of work to focus on trading so I’m part of a group. I pay $150 a month and this dude posts picks every day and when he’s entering/exiting with targets etc. just copying his trades the last couple weeks I’ve been crushing it lol it’s great

[@ryankastari9629]

You can use TradingView platform too for better charting

[@umeedkassam6974]

Can u teach us how to trade step by step pls

[@daneus10]

What time frames do trade? It sounds like you trade with leverage?

[@NickWright]

I trade naked options with a cash account (not margin). I begin all of my charting on the 1 year, daily chart or the 180 day, 4 hour chart to paint the big picture of where the stock is going and what major patterns its forming long term. Then I zoom into the hourly, 30 minute and/or 15 minute to chart out the smaller patterns forming. When I'm actually IN a trade, I'll watch the 5m, 15m and sometimes 30 if it's a swing trade and for day trades, the 1m and 5m mostly while keeping an eye on the 15 minute just to watch the bigger picture at the same time. Basically, I like to always start very broad to see the whole "landscape" and then work my way in, to observe the individual blades of grass lol

[@daneus10]

@@NickWright Thanks Nick.

[@lolSoFFu1]

Quality video from a youtuber I used to follow for fitness. Was unsubscribing to channels I dont follow anymore, about to unsubscribe and found this gem. Nice one Nick

[@XilentFlex]

Nick, thank you so much for taking the time to share this type of content with us. There are a lot of us out here who deeply trust your judgment and guidance. That being said, when someone like me just wants to educate themselves but doesn't know where to start I feel most safe following the guidance from those I trust. I know you're still in the process of mastering all of this on your end but I wanted to thank you for giving those like me references to resources that you use to educate yourself and be part of day trading and investing. I've been wanting a video like this for quite some time and couldn't think of a better person to produce something like this than yourself. Thanks for always being 100 with us Nick! As you recommended earlier I will continue to use KZbin and Google to help educate myself. Much love man!

[@oppermanfitness]

Great video man!

[@SK_BIOSPORTS]

I swear I thought I was listening to Mickey Milkovich talking for a minute.

[@GameyCat]

i think im the wrong demographic

[@TellYourStory]

Dude...more of this

[@Pursuitofbalance]

Be successful for yourself in trading before you teach, glad you at least acknowledge that you are NOT in a position to give actual game. Love that man, no ego

[@jonasmarken5021]

Merry christmas.

[@cjraneri]

Bullish rsi wedge.. I wanted know more about last vid as ur doin exactly what I want to do attempt make couple hundred per day as I don’t have a lot money start and can’t get option account as have no trading experience. Again not much money but could I pay u something to explain wtf all these things mean and what the hell im looking at triangles terms Robin Hood vanguard clueless bro but unemployed and need find come up

[@yetian7060]

Good content！ Gym invest and cheat day date!

[@HebryNegga-wy4zr]

What happened to Nick's trade channel do u still do trading

[@NickWright]

Yes, I just learned that I prefer not to publicize it. Better, mentally. Though, I do still share on Twitter.

[@steedaf1gtr7]

I get that Roth doesn't pay taxes when you draw it out at 59 but I'm wondering why you chose that over traditional? Did you consider the pros and cons of both? After my research I changed from Roth to traditional years ago because the traditional will always have a greater return in the long run.

[@NickWright]

I'm curious how you came to that conclusion about a greater return? Essentially your return all comes down to how you invest and manage your account. Or, if you invest in mutual funds, how THEY manage it. If you invest the exact same amount of money into the exact same things in a Roth IRA and a traditional IRA, in theory, both will be the same size by the time you're 60. The difference is, WHEN you go to collect that money, uncle same will take a large percentage of it as income tax if it's from your traditional IRA. You get to keep 100% of it with a Roth IRA. The catch is, you can't use your Roth IRA contributions as tax write-offs each year. You can with a traditional. But for me, I'm thinking long term. Idk who will be in office or what the economy will look like by the time I'm 60. I don't want to risk having a 50% income tax being in place in 30 years, so I'm opting to forgo having to pay taxes on the profits. That's just me. Either way, if you're investing for the future you are moving in the right direction regardless if you go Roth, traditional, 401k or just a simple investment portfolio!

[@steedaf1gtr7]

@@NickWright you're able to speak on this much intellucally than I am but I came to that conclusion by listening to this audi book on IRA accounts. (Forgot the name) he had this simple math argument. Generally income tax is about 30% and generally a rate of return is about 7%. I'm more of a set it and forget it kind of guy. So if you invest before taxes every pay check you're essentially investing more so you're rate of return at 7% is better than it would be after taxes. Also he said something about being in a lower tax bracket at that age so not getting hit as much when you draw it out. My plan wasn't to draw it out entirely anyway. I was going to live off my military pension, City pension and then draw out a supplemental income from that account as needed. Unless I needed a large amount for something like an emergency or an investment.

[@NickWright]

@@steedaf1gtr7 I'm not sure I agree with that, BUT like I said, as long as you are investing for your future, you are doing it right! Smart moves!

[@steedaf1gtr7]

@@NickWright exactly brother, preference and everyone's circumstance is different. Thanks for putting your advice and guidance out there for us!

[@TheBoobs7]

Hey Nick been watching your channel for ever since you were doing the Vault series, thanks for always providing content Just a thought, it seems like you're of the mindset that if you do a second channel focused on this material you want more of a finished product. Im guessing this is so that you feel more competent and comfortable to speak on this topic? What about just starting it anyways and documenting the journey as you get better and better. You already know plenty and even just backtracking and explaining in a few vids the fundamentals you have learned I think would be a great start. Jump into it my man!

[@craigok6732]

Why don’t you switch your robinhood account to a vanguard brokerage? Then you’d have access to all vanguard funds - etfs/mutual and stocks plus reinvesting of dividends; plus the benefit of not dealing with multiple platforms,

[@NickWright]

I already had money in Robinhood and I like keeping thing diversified anyway. I like Robinhood's layout way better AND I don't like mutual funds.

[@mikedeasy7924]

Great Video. Commenting for the algorithm. Summarized key points in a very newbie friendly way.

[@randyzuckerman8531]

Thanks for the info!

[@zachd6255]

Let’s hear about the most important part of day trading, risk management. Poor risk management can destroy days, weeks, and months of gains. We all heard the horror stories.... Please share about your losers and how you manage risks when trades do not go according to plan

[@Mfitzy]

I’m more of a long term investor and admittedly know fairly little about day trading but I enjoyed the video nonetheless. Solid work!

[@PaigeYesLee]

Thanks Nick!

[@iziploci]

Thanks for making this video. Iv been watching you since you started. It’s nice to get some verity from your channel other then fitness.

[@GymMonsta81]

You hit it right on the head bro! I been trading for a good while myself. Some good info right here!

[@Agnes135]

How much did they pay you to promote this

[@eighterfromdecatur]

Thanks for the great info Nick!

[@coffeech.1838]

Phoenix wright

[@EdiMeanG]

What’s your thoughts on metals Nick? Physical, gold, silver etc...

[@francisferguson69]

Not the biggest fan of this type of video because I have no intention of trading.... But I'm an O.G follower and have to leave a like for my boi NWB 😂😂

[@euphoricfantasy2338]

make a stocks channel please!

[@karlsalocks]

Absolutely dig it. Finance and working out. I can relate for sure.

[@m10eko]

Thanks dude!

[@JakeTusing]

Good video with good information man! Love it

[@louiepena2025]

Good to know

[@user-sl4sx6dp4c]

Nick, how do you feel about sayings such as "you cant beat the market". Do you think its safer to put everything into a worldwide ETF instead?

[@EdiMeanG]

Awesome!!

[@Xenogage]

ToS is the goat

[@ericvaca3582]

Awesome Info

[@Ryan-tu9fg]

Nick I am currently studying to do this for a living and was not expecting you to be as knowledgeable and to throw as many correct and complex terms out as you did. This kind of activity is an anomaly in the fitness industry as the stereotype seems to be “no brains only brawn.” Very intrigued by your knowledge and also how you show that if a normal person puts in the time and effort it is very possible to start trading or even possibly get into day trading.

[@Surgicalsensei]

Is there a way to do more than 3 daytrades without having $25,000 in the account?

[@xxxxpurepvpxxxx]

Dont even start if you dont have money to play with . This should be hobby at fist

[@cjkarpel2324]

Tastyworks cash account 1 dollar per trade but don’t even start unless you have money to lose

[@__-qn7tg]

If you're not financially stable, you will lose your money trading. You have to be financially stable before you have the discipline to trade properly.

[@NotRealFood]

WeBull allows you to use a cash account, just takes more time for your trades to settle after selling, Robinhood settles instantly but won’t let you day trade without 25k$, I have both platforms on my account just out any of my vids!

[@xxxxpurepvpxxxx]

Actually what you should do is . You need 10k and then you can open IB account and keep 10k on their account. Then you can play real live markets on demo account. Costs you like 5usd per month . This way you can basically train. This is what i did for 2 years or so. Now i do play with real account but very small sizes like 100 shares per trade max!

[@mrgainz1344]

Thanks bro your the best

[@TiberiusStorm]

*you're

[@chadpurdy2485]

Love the video Nick

[@wvjon75]

I like your strategy of having multiple accounts for different strategies. I do the same. I have Vangaurd for 401k, M1 finance for dividends stocks, Webull for growth and tech stocks, and Robinhood for options trading. Also have an acorns account to throw some extra change into.

[@pokescrotes2755]

I appreciated this video. Wondering Nick's thoughts on high-end collectables. Collectables have emotion, nostalgia, rarity, driving their increase in value. They're so robust. Look at Pokemon for example. You've got record 900k sales for a single card happening which is knocking on the door of the highest end sports cards and shit. It's very interesting.

[@Wildeheart79]

Yeah until you get deep into the next beanie babies or equivalent. Collectibles live or die on the market interest in them and that can disappear overnight.

[@JCCarter1150]

I’m actually impressed with how transparent you’ve been. I’m still not a big fan of day trading, but I think you’re going to learn a lot about charting, volume, indicators and how the market moves. Also really impressed that you’re investing on top. I too think Value is huge 2021-22 power play with RSI to Growth starting to decline with relative performance to S&P reaching biggest divergence because of Covid. Vaccine paves the way for a big shift in investing strategies in my opinion. So any Value play with decent fundamentals and growth opportunity is a big play.

[@Reppintimefitness]

I'm thinking about getting into day trading 🤔

[@NotRealFood]

You should use Webull or think or swim! they have Demo platforms and allow you to try trading on real markets with fake money to learn the ropes

[@Disneymagic24]

gotta have 25k if in usa

[@NotRealFood]

@@Disneymagic24 cash account on Webull and you can day trade without being mark as a pattern trader, even with less then 25k, just takes more time for cash to settle after selling

[@dannyrunny]

Solid content

[@f3penang287]

Nick look up ICT. Forget the way you trade it doesn’t work.

[@NickWright]

lol

[@PatrickS.Tomlinson]

Are you using the same system bro? Just classical charting with rsi and s/r? Thx og

[@f3penang287]

@@PatrickS.Tomlinson no indicators. I just follow the chase to liquidity spots

[@PatrickS.Tomlinson]

didn't ask you.@@f3penang287

[@MK-hm5gg]

Chubster

[@dsneidz]

we're f*cked.

[@RZFitnessTV]

Thank you for the free stock. That is huge for us noobies.

[@skippymarone1251]

Good stuff man. You are leading new traders in the right direction.

[@Mattgood95]

/wallstreetbets

[@TunnelVisionAthletic]

i didnt understand a word of this lol. Finance is way more complicated than fitness. Wish it could be like progressive overload and a calorie deficit....

[@CanditoTrainingHQ]

It basically is, in regards to index funds and long term performance. You could literally just do that and be fine, similar to a dieter just tracking calories.

[@ERICMERKZZ]

tech is in rotation look at amd

[@ghostninja2041]

Oh he’s a stock trader now huh??? Maybe he’ll do better at that then BB... prolly loves reddit forums too

[@NickWright]

I hate forums. But thanks for the random insults.

[@louiepena2025]

Wow

[@gommer365]

Tip - Wearing the OG Strong T-shirt instantly increases trade margins by 174.652%

[@franciscogomez2907]

Are you investing in crypto ?

[@NickWright]

Yes

[@BadEnoughDudeRescues]

How do you make your Robinhood look like that??? Haha

[@robertbaratheon1602]

99% of day traders don't make a profit over a long (1+yr) time horizon. 99.9999% of day traders don't beat the index over a long time horizon (10% annualized before inflation with a total stock market index fund like VTSAX). This includes institutional investors. You have a better chance of getting struck by lightening, winning the lottery, and getting bit by a shark all in the same day, then you do of making money day trading in the long run.

[@NickWright]

This is because 99% of day traders treat it like gambling and don't take the time to actually LEARN trading. I tell everyone to paper trade with simulation money for a YEAR while studying pattern breakouts, charting, sizing and honing in on discipline toward your strategy and psychology. You can't just pick up a phone, open a platform and "give trading a shot" for 3 months. You will 100% loose everything that way. This is a skill that requires years of educating and practice. I have an entire group chat of friends who do this for a living, 3 who make six figures a year from it and one who makes 7 figures a year form it. If you are looking at this like a lottery, you are gambling. Not trading. And most good traders will beat the market by growth % once they are profitable because it's apples and oranges... Index funds are conservative buy and holds. compounding for the LONG term. Growth per year is only the small picture for that. Trading by default deals in larger percentage leaps in shorter windows of time, with higher risk and over all smaller capital sizings.

[@Self_Improover]

Or just hodl crypto and relax

[@NickWright]

Growth is slow if you can't afford to invest A LOT at this point. You would have seen more ROI just holding TSLA this year. I believe BTC is going to be a huge thing in the future and am all for investing in it. I AM tired of the weirdos who treat it like a religion however.. Diversify. Crypto, Stocks, ETFS, Gold etc.

[@Self_Improover]

@@NickWright True. Diversification is key. Stocks are way overbought IMHO.

[@odin_sama5843]

Shit you day trade im trying to get in forex

[@jimstacy1341]

I wouldn’t take trading advice from a power lifter

[@NickWright]

Why is that? I'm curious what one passion has to do with the other?

[@jimstacy1341]

@@NickWright I’ve never met a jock who is intelligent

[@NickWright]

@@jimstacy1341 LOL says the person making an assumption off of a broad generalization..... 2 famously unintelligent moves. Not to mention doubting me after I've SHOWN you what I do in 2 different videos lol. Intelligence at its finest, here..

[@maxxchewning]

BUY TESLA!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@harrisonsrad]

Not bad but that wasn't day trading haha

[@harrisonsrad]

That was more of swing trading

[@NickWright]

The example I showed was a swing trade, yes. I do both with day trades being more common. Tho, I prefer a good swing trade.

[@harrisonsrad]

@@NickWright swing trading is my favourite haha most of my trades are swings its what works for me

[@NickWright]

@@harrisonsrad Yeah, I prefer them. I just happen to see more day trade setups present themselves to me.

[@harrisonsrad]

@@NickWright whats your strategy for day trades? If you don't mind me asking

[@bm2g]

buy gold/silver. and gold/silver stocks.

[@NavyCook08]

Why?

[@bm2g]

@@NavyCook08 wealth preservation, watch some videos on it.

[@NavyCook08]

@@bm2g ok...I will, thanks.

[@jeffwien6460]

How you avoid being considered a pattern day trader

[@jerrinhowell849]

25k plus in you’re account

[@NickWright]

@@jerrinhowell849 No, I answered how in this video. Switch to a cash account.

[@artembobrov1984]

Scammer

[@NickWright]

How am I scamming....? WHAT is my scam? Lmao I don't offer a single thing for anyone to buy 😂I don't think you understand what a scam is..

[@dh12.]

If I started buying EV stocks this time last year I could have retired a millionaire this week!

[@brandenmarlatt1803]

Look into NIO. You won’t regret it

[@dh12.]

@@brandenmarlatt1803 currently have 82 shares

[@joshfenton5365]

Definitely stole everything in this vid from my channel. I am NWB

[@Philistinianful]

Yes... of allllll the trading accounts on KZbin he went to your ~230 subscriber account and “stole” everything 😂

[@joshfenton5365]

@@Philistinianful lmfaoooooo i'm kidding. We know each other hahaha

[@codybrown9401]

I just got into trading over the past 6 months with the market crash. I use the 10,20, and 200 ema. I love it. Broke into profitability 2 weeks ago. Made 440 today!

[@Therealbigcoke]

Love this