How I Lost 1.2 Million | ShadowTrader Weekend Edition 08.10.24

[@Tman2.0]

Glad to see that you did NOT lose 1.2M.. you just failed to make 1.2M .. . big difference, especially since you did indeed bank $300k profits. And IMO.. what good is it to make all these great profits you make and not take some time off to enjoy.. Thank you for sharing your knowledge.

[@dragonflydreamer7658]

Me I spent the last 10 years building my business and I am comfortably retired at 52 but after watching this I was completely wasting my time It was such a waste of time to waste my last ten years when in two days I would have made a million dollars and ten years I would have billions and billons of dollars. I will do what this guy says just buy a bunch of puts and calls and shorts and longs and in 3 days boom the money just rolls in. He is a genus I will do as he did not what he says. I love watching all these blow smoke.

[@clintonivins3280]

Certainly a trader knows the difference between an opportunity cost and a loss. This was merely an opportunity for self promotion.

[@chadwilliams1815]

you are incorrect here. he didn't lose 1.2m from his account, no, but he left money on the table, especially because he knew... This is most definitely a loss. That said, as the saying goes "shit happens". You cant win all of them and sometimes, spending some quality time with friends and family is worth more than 1.2m....sometimes. plus, making 300k on your day off is hardly a disappointment.

[@chadwilliams1815]

​@@clintonivins3280were you not entertained?

[@larryh9525]

Hi Peter, here's the trick for trading with low/intermittent bandwidth. 1) Don't connect to the platform directly, instead remote desktop into a PC at your home/office. MSFT RDP sends an image of what's happening on the remote machine, so it's perfectly suited for trading with very low bandwidth. 2) The PC on the other end of the connection has full bandwidth, so even if the remote device winks off any trades will still have gone through.

[@paulo.8899]

Rule 1: don't trade while you're driving or in transit.

[@HobbyZobby]

1.2 left on the table not lost, 300k is 300k

[@johnpaoletti188]

Great video Peter... love the self depreciating humor.

[@stephenc7428]

This is even better than Little Red Riding Hood, best bedtime story ever. Going to read it to my children

[@edwardsl8016]

You really scared the crap out of me, I always watch your videos since I subscribed and was concerned from the title that you DID ACTYALLY lose $1.2 Million! Glad you made those profits, but as my grandfather used to say if it did not happen, it was never meant to be. Very happy for you and wish you the best! Now I am relieved that you will be back every day trading and not have to worry about that $1.2 Million!!!!!!!!

[@bojidarstanoev8700]

Congratulations again Peter for another very valuable clip, please don't stop

[@Lights_Darks]

Spending time with friends you don’t see very often is priceless.

[@cesarl3639]

And little Peter never flew anything but private again

[@mo_joe963]

Little Peter Giggidy 😆

[@quietStorm247]

Maybe the Shadow Trader Team needs a Gulfstream G800.

[@dragonflydreamer7658]

I spent the last 10 years building my business and I am comfortably retired at 52 but after watching this I was completely wasting my time It was such a waste of time to waste my last ten years when in two days I would have made a million dollars and ten years I would have billions and billons of dollars. I will do what this guy says just buy a bunch of puts and calls and shorts and longs and in 3 days boom the money just rolls in. He is a genus I will do as he did not what he says. I love watching all these blow smoke.

[@fitnesspoint2006]

So Peter with all his trading profits over the last decade flies "coach" with no leg room??? No business or 1st class with tons of leg room??? Hmmm story is suspect.

[@fitnesspoint2006]

​@@quietStorm247So Peter with all his trading profits over the last decade flies "coach" with no leg room??? No business or 1st class with tons of leg room??? Hmmm story is suspect.

[@gsg7354]

Say it ain't so Shadow say it ain't so! I just knew it couldn't be true with all the wisdom&discipline instilled daily. And by the end of the story faith in the master was restored , full circle on this harrowing roller coaster tale of suspence and intregue. Where the diamonds ever found did he get the girl will Mom ever make him those sandwiches and when will I get my mug? This and other questions answered in next months episode of Shadow Trader week end edition. If you could'nt tell I loved it.

[@silverwesoke]

Luv this story...esp the end.! Its Everyman!

[@andrewbarnes605]

Always informative and entertaining. Thanks Peter!

[@mrchrisadams43]

I love it....good stuff. I'm blown away by people that can survive in the markets for years on end like Peter. I first starting watching like 10 years ago. I am a person who can solve most of the problems in life and outcompete my peers...but I have never been able to make the turn towards profitable trading....that's what keeps me coming back, it's the only thing that is still a challenge after all these years. Expensive hobby though

[@elypelowski5670]

Glad you had fun. Money can be made anytime. Memories and Friendships are what really matter in the end.

[@JohnLing-pz2eo]

That handsome stranger should fly first class next time and have Starlink as a backup.

[@mztech1925]

LOL Indeed

[@fitnesspoint2006]

​@@mztech1925So Peter with all his trading profits over the last decade flies "coach" with no leg room??? No business or 1st class with tons of leg room??? Hmmm story is suspect.

[@mztech1925]

@@fitnesspoint2006 He's legit. No question about it.

[@bohdan4772]

This is the plot to a finance horror movie

[@lagonlez]

Thanks!! Excellent show!!

[@kierbaudy]

You need to fly first class, more legroom, less market losses!

[@otctsheppard6060]

That guy looks just like the best rapper of all time! P-Rez!

[@blackdiamondoffthegrid8703]

Thanks for the Vid Peter. You got my attention Early Sat. morning. Love your channel and what you put out. Enjoy your week off and Don't Fly but drive with Starlink Mini.

[@quietStorm247]

For Peter, 1.2 Mill is pocket change. No tears here.

[@fitnesspoint2006]

So Peter with all his trading profits over the last decade flies "coach" with no leg room??? No business or 1st class with tons of leg room??? Hmmm story is suspect.

[@augustoliver2779]

The plane trade was sloppy, but taking profits and going about your day was the smart move. Well done!

[@TomGun]

Always great videos thank you

[@RickSEA-7733]

Thanks Peter , so very helpful!!!

[@crossdog5041]

I'd like to have losing trades like that

[@The-Bankster]

All you have to do is have a few million in your account so you can carry a 20 lot Futures position

[@sohailhines]

If I could book money for profits left on the table on every trade that I've exited too early, I'd be a multi-millionaire :). It was a fun story nonetheless.

[@rupulstilskin]

Trader's greed - always want more, however, opportunities will come again and again.

[@ivoferin8176]

A win is win buddy. And its an impressive win you should be proud of. "What if's" shouldnt be inside a traders head.

[@fitnesspoint2006]

For Peter tobe a pro trader and bringing up "what if profits" is noob mindset. Also, Peter with all his trading profits over the last decade flies "coach" with no leg room??? No business or 1st class with tons of leg room??? Hmmm story is suspect.

[@topfuelfan]

Great story Peter! Now imagine being on the Titanic and trying to do the same thing through telegraph & morse code. 🚢

[@reneeh8578]

So good Peter thank you ❤

[@donfulliton2536]

Peter is the Master stock Sensei

[@donfulliton2536]

correction he is IP man of the market

[@xyz9250]

Was he complaining the 1.2 million missed, or showing off the 300k made in flight? either way, I'd love to take that 300k any day.

[@dragonflydreamer7658]

spent the last 10 years building my business and I am comfortably retired at 52 but after watching this I was completely wasting my time It was such a waste of time to waste my last ten years when in two days I would have made a million dollars and ten years I would have billions and billons of dollars. I will do what this guy says just buy a bunch of puts and calls and shorts and longs and in 3 days boom the money just rolls in. He is a genus I will do as he did not what he says.

[@robbybaggio4007]

His trading style is very hard to follow. Constant trade alerts and follow up alerts for more trades related to the original trade, it becomes extremely hard to keep track, especially if you are not glued to the screen all day everyday to act on the alerts quickly

[@mo_joe963]

Profit is profit.. Can't be mad about that. It sounds like you didn't trade with a plan though. If you enter a trade you should know where you are exiting. That's it. Why not trail it? Why not take out half instead? If you really thought it could go lower why close all?

[@sethmiller5414]

Very good recap and commentary. Thank you

[@jjexpress134]

The best episode

[@Alex-pm8wr]

Missing opportunity is very different from Losing $1.2M which means "click bait".

[@CO-ph9nv]

Hey, its YT. gotta get those clicks. Now he needs a thumbnail with a shocked face or some thirst bait. But seriously, PR is the real deal.

[@marcojuarez3358]

Great as always!!!

[@danielpinto2656]

Great; thanks for sharing. Felt every bit of your internalized thinking. 😂 thx Peter.

[@maxmj2706]

Pete is one of the greats but a little cynical on this one with his never take a vacay quote !

[@bertmanna]

My father always told me a story of how he was short global crossing in in the early 2000s while on a ski break. He came in to warm up and phoned in for a quote. It was in the midst of a huge dead cat and he covered at a loss. The company filed bankruptcy a few short months later.

[@JDdollars]

thank u for your insights u r one of my favorite traders

[@dpan6722]

‘Bucket Shop Tales’ Bravo!

[@AnnaMarie-1111]

Peter is 6’ 1”??? Who knew?

[@fademeifyoucan8820]

he does look that tall, no?

[@vicktorus847]

Peter you got me with your click bate !!! So happy you didn't lose that money.

[@aaronraphael2765]

Everyone has short term memories these days. You were humble to not point out that your very first guest on the new show called out the YEN carry trade as a risk. It was a while ago, but I have been watching USDJPY which was down hard even before the break in other markets. That was a prescient call and I would consider having him back to discuss whether he thinks it is fully unwound.

[@therealshadowtrader]

I'm trying to get him back on again for sure.

[@naten555]

i went on vacation this last week as well. I took everything i was long on off on the 31st. which worked out well.

[@jean-marcducommun8185]

Well-well Peter … you know very well that „loosing the position“ is one of the typical trading mishaps that occur from time to time. I don‘t think you need to blow it up into something that isn‘t correct. One shouldn’t trade under these conditionsat all.

[@rowangratz]

Great theatre Peter

[@abdulalam4711]

Epic story! who is the trader??

[@steviewonder275]

if i was a profitable/good trader like peter, i would not want to go on vacation, either. =) unlike many, peter is an honest and good trader. i am not good with option plays so whenever i try his options service i don't get much out of it but if he is willing to twit(x) whenever he trades (whatever it is), i would subscribe/pay for that. i want to know what he trades, every one of them including/specially the ones he currently does not share even with his subscribers. =)

[@jonyD143]

This is very true. I remember I had put options on NVDA and I closed them Friday morning to go to the Grand Prix in Long Beach and guess what? If I had held them until EOD it would have been $9,000. Instead I closed for $1,200. This was back in April when it crashed from $835 to $756 on a Friday. The same thing happened to me with Bitcoin back in 2017 and I was in Hawaii when it was running up from $1,500 to $8,000 and I missed a good chunk of the early move. Not to say that you can't take breaks, but just be aware of what the market can do without you.

[@chadwilliams1815]

never... EVER go on vacation

[@FrozenDoberman]

Some standout features to be aware of: significant overhead supply from trapped longs attempting to sell out at higher prices, bull market now arguably in the late distribution phase, QQQ and SPY still trading below a downward sloping 21-day EMA line. The NDX is also positively correlated to Bitcoin. When the 24/7 Bitcoin futures start to decline, NDX soon follows. Similar to last week, the proverbial cat may bounce before falling hard.

[@jovianblue]

lots of, likely jealous, haters in the comments pontificating their unhinged debacles of thought, spamming garbage conspiracies and regaling us w/ their "expert" market analysis that no one asked for. 👍

[@TheGreeneggsandkam]

How did you manage risk in your large trade? And also how can you know if breaks out not a fake out?

[@kalchatto]

Hi Peter, I agree with some of previous comments here. You need to fly business class. Sunday after 6 pm EST(4th August) you could have trade half size on NQ or ES and make decent money as you know. I will take $30k profit for any day. Congrats! Best wishes.

[@Winter-is-coming1]

Peter, sorry to say it, but u jees to produce more videos We all enjoy watching and learning from you But it's annoying that "gurus" with q00k and up ( some even 500k and more) are teaching with 10% of your knowledge and they're gett8ng the "glory" You deserve much more than 81k followers, I have learned such from you and I see a bright future in the social media for you I hope more people will get ro know you and learn from you Including subscribing to your services Thanks foe all the knowledge you pass through boss!! ❤

[@guyredares]

is he 60 years old?

[@pputzzz]

whenever I see someone telling a story of how he made 300k or whatever in a day, I just think that he could as well have lost 300k, or perhaps 2 to 3 times that much given the exposure... but somehow we hear the story about the extra money he could have made, not how much he could have lost

[@dduhnut]

So true. Traders focus too much on what they could make and not on how much they can lose. Charlatans depend on that to sell their subscriptions.

[@shalombard4275]

Best ever!!!!!!!😍🤩😍🤩😍

[@AliceinWonderlandzz]

Nice trade 300k is 300k. I'm less optimistic on the trend. I think we hit the trendline having cleared the 'buy the dip' folks and then hit a full pullback 20-25%

[@chrish1475]

XLK - he's wrong about it being "ahead" of SPX - it's actually the opposite. XLK needs to advance about 1.31% to reach the downside wick of August 1 and fill that first gap, whereas SPX only needs to go up 1.24% approx. It's only in relation to that 2nd gap that XLK looks like it's ahead edit: sorry to be the "achkschually" guy

[@RealTradesStockMarket]

Clickbait. Whomp whomp.

[@sr.1972]

Flying economy- hmmm - why??

[@ericson4534]

Lesson learn. Do not Trade on the plane! Thank u!🎉

[@bjkrup]

Coulda woulda shoulda, that’s the definition of a traders life.

[@fitnesspoint2006]

Thats noob thinking, Peter with all his trading profits over the last decade flies "coach" with no leg room??? No business or 1st class with tons of leg room??? Hmmm story is suspect.

[@ericjovenitti6747]

I actually think that you present this the wrong way unless you’re that desperate for the money time with your friends is way more important if you’re comfortable in life, it literally doesn’t matter and it doesn’t affect your life in anyway and if it does, then you’re not that good of a traitor anyways and you did the right thing of taking the risk off more over you couldn’t have predicted the Yen situation It was an exogenous event that was not predictable. Unless you have inside knowledge which in your story you did not indicate that you did or didn’t so you were just technically trading. It means that if you were working Friday, sure would you caught it yes but again you’ve done this long enough to know that, you also are a traitor for to have granularity in your own decision making in time so it is perfectly fine to say that you made $300,000 on following your plan mitigating risk and enjoying yourself because on your deathbed are you actually gonna give a shit whether you have $50 million or $51 million to give to your kids And if you don’t have your deathbed to run this anyways

[@katiecandy88]

$1.2M may not be yours this time but we know now we are in good hands❤

[@KimYeoman]

Trading on a plane sounds a lot like trading in a rural area during a thunderstorm. 😅

[@benbhand]

Expensive brunch 🍳🥂

[@gcleap1574]

Making 300k in less than 2 days yet flying coach/economy...makes sense.

[@cole6167]

It's working capital, not a checking account for Mimosa brunches. But seriously, if you trade aggressively enough, it seems strange not to have a solid contingency plan (although that could require much more than just not flying coach)

[@JDdollars]

take a damn day off bro

[@dvtco.2545]

This is a good-sad story, or is it a sad-good story? But, $300K is $300K and that's profit. Except for the situation(s) .... well done? And, lessons learned about vacations and good friends. This is when I would take 1 Dam-it-all and open a bottle of wine. Ha! Hoping the trip was fun!

[@AaaBbb-bh6ff]

can you touch on bitcoin next time please. I know your longer term view was that it will go much higher but want to see what you think of it in the mid term as well. Thanks!

[@JDdollars]

r u polish?

[@fitnesspoint2006]

Likely polishjew

[@JDdollars]

@@fitnesspoint2006 guess what im a polish jew too

[@mmperdue]

Click bait title…. Sure sounds like a degenerate trader on tilt. Unlimited risk shorting, with limited internet connection who fat fingered a premature exit

[@fitnesspoint2006]

So Peter with all his trading profits over the last decade flies "coach" with no leg room??? No business or 1st class with tons of leg room??? Hmmm story is suspect.

[@JosephSaia-y9d]

Fly First Class more leg room

[@JosephSaia-y9d]

Buy first class so you have more room

[@VavaxVavax]

I find that inconsistent. 300K a day and cramped in the economy seat?

[@fitnesspoint2006]

So Peter with all his trading profits over the last decade flies "coach" with no leg room??? No business or 1st class with tons of leg room??? Hmmm story is suspect.

[@jasontaylor2237]

hahahaha! one of the best short trading stories ever. BUT hey I'll take the 300k in 1 day. OH yeah man if yo ass don't fly first class and get you a comfortable seat.

[@pjh3]

You deserve a vacation!

[@taztasuki4228]

One might have expected someone with integrity would not stoop to click-bait. It's not like you need the views if you made a third of a million---if you really did.

[@lowriskok]

bacon

[@c4leon]

Clickbait title to provide some chest-thumping . .

[@dduhnut]

Peter is the most pompous man I have ever encountered.

[@paulo.8899]

Click-baity title

[@filippofanin7664]

I mean, life is about more than profits trading. We miss hundreds of opportunities yearly probably, but it is essential we are ok with it, otherwise it's the market controlling us and our time, not viceversa

[@jonyD143]

Yeah but think about it. He could have made 1.5m and made up for it by treating his friends to a 100k vacation party in Vegas or Cancun.

[@dduhnut]

​@@jonyD143I doubt that he even paid for breakfast.

[@MaxHeadroomGPT]

‘QQQ becomes hard to short?’ … that’s a complete load of bullshit. Along with the rest of this clickbait story

[@javamochafrap]

Good story but you missed out on a gain. Didnt actually lose money. Made $300k. Not as good as $1.5mm but still a gain. Congrats. I was still bearish. Since I use supertrend and or ATR trail stop, both at similar settings. Which had me bearish since 7/12 and 7/17

[@therealshadowtrader]

It's called "clickbait". There's a bit of a science to this...

[@TheNativeTwo]

@@therealshadowtraderlol 😂 I was hoping to hear your degen story hodling GameStop. I have one of those, lost $700k (in gains, cuz i didn’t hit the sell button). Good learning experience.