How I Lost 127k Day Trading the Stock Market!!

How I lost 127k Day Trading the stock market!!
I have been trading the stock market for years...
After swing trading and getting bored sitting on my hands, I tested my skills in day trading...
At the time it was the worst decision I could of made...
Now I appreciate it, as it showed me where I should stay focused with which principals to stand by.
This gave me the blueprint to stand behind and you can use it as well....
Lots of losses can be made if you are not careful in any trading vehicle but day trading is the worst.
As a long term investor, I can scale and focus on multiple projects without the stress and headaches of daily ups and downs...
Watch my video on How I lost 127k Day Trading the Stock Market to see why this was a blessing in disguise.
Follow my on IG@ MJAY99
Twitter: @Mjcub

[@DarrenakaHeater]

I just quit too Matt. I got into the same pattern you’re talking about. Thanks for sharing your experience. Takes a real man to and realize when he’s wrong and an even stronger man to admit it publicly. Hope you’re recovering and wish you the best of luck.

[@MattJ3]

Thanks so much Darren. Things have never been better. Lots of lessons learned that have propelled me into the person I am today. Wish you all the best as well my friend! If you can support the channel by subscribing that would be awesome!!

[@xxuncexx]

Strongerer to overcome problem

[@TimedianTv]

💪🏾💪🏾💪🏾

[@mohamadjamal8204]

@@MattJ3 Bro, i hold respect for what you have done and i support you %! i blowed up my account also but it was Prop-Trading account and is nothing to compare with yours! whish you all luck!

[@Jimmy-zv7pk]

I lost 100k through CFD’s over night, I felt hopeless. Im still dealing with severe anxiety about it to this day but life goes on, we cant take breaks. Keep moving forward

[@marzipug5439]

Keep going bro, you got this.

[@Jimmy-zv7pk]

@@marzipug5439 💯💯

[@marzipug5439]

@@Jimmy-zv7pk This quote by a Ancient Roman stoic helped me, so I thought I would share it: “It is my bad luck that this has happened to me.' No, you should rather say: 'It is my good luck that, although this has happened to me, I can bear it without pain, neither crushed by the present nor fearful of the future.' Because such a thing could have happened to any man, but not every man could have borne it without pain. So why see more misfortune in the event than good fortune in your ability to bear it?” ― Marcus Aurelius, Meditations

[@Jimmy-zv7pk]

@@marzipug5439 thanks alot bro, really appreciate it man. People like you help me deal with it a lot better. Bless you 💯

[@blakeguthrie6246]

How did that happen?

[@jesseordonez3361]

If you get greedy. You're doomed.

[@KennethTheCoder]

I can vouch to this

[@techmedia1360]

I'm so greedy rn I'm putting all my money in a single position plus gonna forward my credit card plus gonna try to get a bank loan

[@jdjd2059]

Sorry for your loss, I lost 250k$ in one night selling all my portfolio and buying this one stock that took a nose dive and dropped 82% in one day! The company was scamming for weeks on alleged successful deals they were making, and that day, it all turned out to be lies, their scams were published.

[@MattJ3]

Wow that is a tough pill to swallow. Did you get compensated through a lawsuit or anything? What was the company? The mindset to get over this is much tougher than actual money and bills imo. Sorry to hear you had to go through this. Thanks for sharing and the insight. Anything else you can share about how you overcame this?

[@jdjd2059]

​@@MattJ3 Company was at the hydrogen and fuel cell industry. but I think it can happen with any other stock. Selling all my diverse portfolio and buying a single stock without any "stop loss" decisions indicate that I sure did more then one mistake that day. Well the reason for all this, is that I had awfully bad mood because of other things going in life, and I should had never trade that day. This is my conclusion, if you are on the wrong mind set, don't trade, take a day off, this is not a game.

[@MattJ3]

@@jdjd2059 Appreciate you sharing as these help with others also. Yes it can happen to any stock. You made some excellent points here. You are aware you made mistakes and were not in the right mindset, that is amazing to recognize because it is a key to better performance. Being in a bad mood also will throw your day off, your week off maybe and flush out your trading account. This is what I always tell people, temperament is the most important. You can be successful for 10 years and then life is not the same, problems at home and your trading can go down the tubes. Never force opportunity or making money, it hardly ever works anyways. Such key insights here. Thank you, this will make us all better in the future!!

[@brianrivera0]

Never put all your eggs in one basket

[@MattJ3]

@@brianrivera0 That is exactly what I do now. Day trading is the exact opposite.

[@saurabhborg]

And I felt bad after losing $400!

[@yaykruser]

I lost 70% of my money too, worked 6 years for nothing, and didnt even live life during that time. Very depressing 😞

[@kirawest5264]

Excuse me dear, what are you saying? Are you saying your dad died because he lost to forex? And are you a newbie in forex?

[@yaykruser]

kira west what does my dad have to do with this?

[@kirawest5264]

@@yaykruser am sorry if I spoke out of terms

[@kirawest5264]

@@yaykruser 🙏🙏

[@kirawest5264]

@@yaykruser nevertheless, how are you doing, your money isn't lost to forex You can recover from loses, ask me how if willing to reclaim your money

[@momomdreambox4544]

I lost 120k HARD working money, I feel your pain

[@MattJ3]

Keep pushing you will come up on top!

[@hau5592]

Loses another 100K following Matthew Jay’s words

[@theplayboy0060]

Dreambox lots 40k dollar I one week after corona flash clash in crypto depressed like hell

[@rafaelg6104]

R2800 Abc Head up king 👑 buy some oil

[@jabberwock099]

Did you get over it? I hope you did.

[@j.d.4697]

It's weird how day trading can teach people the things I value the most in life (with some exceptions), like mindfulness and reasoning.

[@itsJaySykes]

I am currently learning this lesson 😔

[@tOOballs]

these are the best type of you tubers. especially when youve been burnt. appreciate it.

[@eaburl]

I guess I'm insane. You've heard the expression "the definition of insanity is doing the same thing over and over and expecting a different result." That pretty much sums up the last couple of years for me day trading. The same dumb-ass mistakes over and over. Anyway, I quit today. Feels pretty good, even though I have no idea what I'm going to do next. Canceled Benzinga Pro, DAS Trader, and am emptying whats left of my meager IB acct tomorrow. I even canceled Directv as I only had it for CNBC access. I really believed I would be part of the 10% who make it in day trading, as I fell above the 90 percentile in most other areas. I trained long and hard -6 months in a simulator. Got very good at it too. I genuinely thought I was going to be rich. It has taken me a long time to admit I just don't have the stomach for this. If you are trading in a simulator right now, and it's nerve-wracking-that's your sign to get out. The pressure, stress and intensity is exponentially larger with your money. You will develop health issues unless you are an extremely resilient person. I have to go get a job now, as I just blew most of the money my dear father left me. Sorry, Pop.

[@MattJ3]

Elizabeth B. Sorry for late reply. Thanks for sharing your honest experience. I believe you got caught in the fantasy of making money, living the dream trading life and then also holding on to the emotional lost of the past which keeps you making the same mistakes. I believe day trading is limited and there is much more to capture out in life then trading. In general and with finances. I have goals of doing a million a year now and that’s not possible really with day trading. And then more once that’s achieved. If you want to discuss on anything though feel free to email me as I know what you are going through. [e-mail]

[@ahmadzari8798]

Want to make it back? You have to be up to the challenge and never ever give up , you lost because of emotions rather than lack of knowledge, wna discuss it ? Wna make it back? Telegram @kudos78 easy pizy

[@godbeliever72]

It is most people's story with the stock market, so sad to hear. The worst part being parents money that were very hard earned through decades and even centuries. I guess the 10th percentile is not enough, maybe being the 1st percentile can help you make it.

[@neoanderson367]

@Elizabeth B. What was your targeted risk/reward ratio? What strategies were you using to enter trades? Was was your maximum allowed daily loss? How much of your account were you risking per trade? I’m genuinely curious to know.

[@Iburn247]

@@neoanderson367 exactly. Good questions. Great comment. This is just bad trading and not a reflection of trading itself.

[@10ksubsnovids]

I lost $9k this month and it hurts because that was my only source of income and it’s about 95% of my portfolio

[@nimbus3897]

Don't go all in silly Billy 😂

[@nobodysomebodiev5935]

Hi bro did you recover?

[@priyanprem28]

no one recovers @@nobodysomebodiev5935

[@stockmarket2256]

The secret in the stock market is know how much you are going to lose. If you know this you can have success.

[@imoretullv243]

So true. When the animal brain comes out in high stakes (emotion), and it doesn't stick with the stop loss, but greed and fantasy, it's over....

[@starry8610]

Is that all? Wow!

[@pranaykarwa2714]

@@starry8610 yes it is

[@kbderek610]

Been there myself. I lost 30k in day-trading in the matter of 2 weeks

[@MattJ3]

Sorry to hear that. Hopefully it has taught you some good lessons to better your strategies moving forward.

[@swingtrader6118]

U all dont put al?

[@adamfattal468]

You didn’t lose 30k, you gave it away to other people

[@heriklopez727]

I don’t get it, don’t you only lose when you sell low?

[@marzipug5439]

@@heriklopez727 When trading, a position can be liquidated (forcibly closed at a loss).

[@whiteboy8726]

And here I'm angry for losing 100 dollars.

[@MattJ3]

Turn that into motivation... you got this!

[@hugavet3049]

130k in the red. Lost my father's inheritance. I can't eat or sleep. I really wanted to do this for retirement. It's all gone now. Shattered dreams. Yeah, 5 grand in a day is great but the losses always overshadowed my gains.

[@kelvinows1165]

Same, lost all my savings and my mom's and friend's money which I stole without permission, now I'm outside not know what to do,if I should go home or run away, I'm even having suicidal thoughts but I hope it doesn't come to that,still fucked

[@hugavet3049]

@@kelvinows1165 suicide is for cowards but I have had similar thoughts. I was on top of the world on a 5k day but the stress of losing was too much emotionally. I feel like such a failure. I'm still in tears everyday

[@kelvinows1165]

@@hugavet3049 thanks,hope we recover next year💪

[@BLESSED-KID1]

@@kelvinows1165 I hope you are doing good bro, don't do it, just keep pushing you'll overcome it. At the end of that day the sun comes up. Take a deep breath, shoulders back, be a man about it, people have overcame big big losses. YOU CAN DO IT TOO.

[@hugavet3049]

Update: back to real work. It sucked at first but I didn't lose my dad's Vette and now I have a Harley. I don't cry every night anymore and a few grand in my bank account.

[@---cl9qf]

I had a small loss comparatively to everyone on here, i lost 50% of my account, ever since that day i've kept repeating the slogan "TRADE SAFE NOT SORRY". This has really kept my greed at bay and has ensured i take a profit instead of waiting it out. This was going great, i made all of my money back and 10% on top, then i stopped my daily ritual of reading out my rules and finding my center, lost 6% today, that took me 6 days to make. To anyone on here, always meditate before trading, place yourself outside your brain and try to get into the correct mindset before trading.

[@MattJ3]

Trading rules and principals are essential to a winning strategy. Be patient, it takes years to develop into a pro investor or trader. A few weeks, months or even years ain't nothing. Keep at it and don't take short cuts.

[@mariuskincy2514]

Wow I wish I would’ve done this before I lost my full $3000. I just kept throwing it away. This is the third time I blew $1000 plus in a day. I’m feeling it this time. I’m passionate. I put, 1 book for every thousand. So, I have to read 5 full books before I ever insert another trade.

[@Nevil_Samnauth]

@@mariuskincy2514 i feel your pain man, i was up around 30k at the beginning of the year, lost about 10k during the drop, kept going up and down until i tried catching the last 2 dips but called it too soon as it kept rising and devalued my puts. I lost over 23k even though i was up 30. But hey, whats life without a challenge?

[@MercifulArchitect]

Thank you for sharing. I feel your pain. I turned 20k into 150k. over six months, and then I lost it all exactly to the patterns you're talking about. I started losing, and starting taking on bigger more risky bets and kept spiraling down to $0. again thank you for sharing, your description makes me feel a bit better about myself, I've hated myself for it long enough. but you're absolutely right that there are so many factors involved and psychologically speaking humans are very weak and aren't wired to trade the market. my mistake was getting influenced by other people online and around me in real life. they made me doubt my already successful strategy and I deviated from the plan... it's horrible but lesson learned. now I have to find a job to pay off my debts in this horrible pandemic :)

[@wealthtrekkers]

Describes my situation too

[@tnwt9965]

I repeatedly put myself in a position where i could lose everything if the stock market crashed more than 15-20% which means i was bound to lose it all sooner or later. In march 2020 that time eventually came. And while everybody had the best buying opportunity of their life i was sitting there extending my stop losses until i had no money left. I got wiped at the bottom of the correction. 100k down the drain. The following 2 months were the worst of my life. I would get paralyzed just thinking about it... but in the end i realized that the loss didnt change anything. I was already living below my means as if I never had that money and as time went on I eventually got over it.

[@youtubemaster3449]

i lost 137k in a month, 2 weeks ago i got out, i have to get over it because i feel like its pulling me into a depression. im still looking at the stockmarket but i know i have to quit, i feel empty knowing i have to save for 5-6 years to get back to that level

[@Lexon412]

Hey man, I feel you bro. Lost a lot of my money in the beginning, then really opened my eyes and listened to real investors. Now I just buy long term stocks, etfs, index’s and just focus on compounding. I don’t even check my account anymore, but every time I do, it goes up higher and higher. Slowly, but it really works. Day trade and swing trade really screwed me over. Good luck bro. I subscribed to your channel, so i really hope you produce more videos and grow this :)

[@MattJ3]

Thank you so much for the support and insight. I am right there with you buying long term and really knowing what you are getting involved with. Let the money work while you go and create more income, just makes the most sense. While not being too focused and invested in this will produce better results as you do not let emotion get involved as much. Compounding the gold gem!! I agree with you 100%!! Thanks again my friend! New videos coming in the new year.

[@stockmarket5080]

I lost 18k learning day trading in 1 and half weeks...I didn't quit day trading but I understood what money really stands for...I was treating those as just numbers....but finally realized its not just numbers...its freaking your capital....and that's when things kinda turned around and made back half of my money in next 2 months...

[@brooklynbnutterflyarts4646]

True. One of the worst advices I got from a book was: "You will trade better if you dont think of the numbers as money". This only led me to be more wreckless

[@MaryMary-pj7ix]

Huge props to the background helpers, who actually all set up this *High gizmo on the internet* Factory. It's incredible that they are capable for doing this money get back, with their creativity..

[@viennacalling85]

scammer

[@NsXy]

Looks like everyone here has lost before. Remember guys just hold. Never sell

[@MaxiiProduction]

Once back in 2014 I bought a stock that was down -39 I was like this must bounce back I bought and shortly after it went down and kept going down day by day year by year it went down from my price 19.4 to today price of 0.78 and still holding. Its been 7 years already. Glad its not big amount. If you in a bad trade SELL it never hold and take the money and invest it in a better chance stock.

[@techmedia1360]

​@MaxiiProduction bro it is not hard to invest just buy AMZN or BRK my favorite stocks they will not go bankrupt like your penny stock 😂

[@hdcontents6688]

I feel you bro I lost %93 ($73k) of my net worth the past two week. It feels sucks. I haven’t been this frustrated in my entire life. You know what’s worse than that? When you lose money that’s not actually yours. Half of the money I lost wasn’t actually mine. I hope we can go through this man and all the people who lost in the stock market.

[@MattJ3]

You will get through it. Keep pushing forward. My latest video is about How I got over a big financial loss... Has some good little tips in there. Any advice you need, let me know!

[@entertainmententertainment679]

me too

[@Benzzzy.]

How are you now bro?

[@lovetumeh2778]

Did you ever make it back?

[@blakeguthrie6246]

What was your strategy

[@Dr1MaR]

I find that being reckless, emotional and irrational is the biggest enemy in trading. Every time I make a rushed decision I'd lose money. Very important to stick to the strategy that already works. Not going for crazy leverage trades when you are SURE it will work out. Nothing is certain. And it's so hard to stop because you already had a bad trade so you keep taking reckless trades in hopes that one trade will get all your money back. That just won't happen. There is a reason why that's called degenerative gambling. At that point your chances to win in a casino is higher than in stock market.

[@greggles8346]

Couldn't have said it better. Proven and back tested strategies applied with disciplined risk management and emotional management is the ONLY way to be successful in trading.

[@manictiger]

Been doing this for 7 years and am worth 7-figures and I still bitch and moan about losing 100 dollars. I think that's the difference between winners and losers. Winners value every dollar. They don't like giving money back. They don't celebrate the wins. It's just, "next target", "next target", "next target". Win win win. Small, big, doesn't matter. This isn't a party. It's a war!

[@MattJ3]

Very true!

[@OkieTradez]

i like this.. if i have 2 red days in a row and its bcuz of mistakes i size waaay down as punishment so i can self correct the issue and not lose my ass in the mean time

[@manictiger]

@@OkieTradez Yeah, I pretty much barely trade the market, now. Fully switched to real estate. Less stressful. I'm trying to properly invest, but the market's just too overpriced right now, so all my "investments" have quickly turned into swing trades (not that I'm complaining about making money). Got a ton of auto-buy orders ready for if we have a second crash.

[@masterofgarden3472]

I lost 2 million by selling early. I am still living. I don't day trade I invest in company.

[@miamielite7773]

Bro I lost close to 4k this week and felt like shit. I know this video is old and I could tell here in your voice the pain you were in. I hope your situation got better at this point and you recovered some of those losses via other sources. At the end of the day, Money comes and goes but I do understand the pain.

[@lonelydad8988]

Thanks for this video and being honest. I'll add to a lot of other people's experiences here... I've lost about $100K daytrading over the years. And I'm not wealthy. That could have gone to my kid's college fund. Not to mention all the wasted time and energy I could have been putting into more productive things or spending time with my family. I've heard that only about 5% of daytraders make a profit, and the rest lose money. From what I've researched, I believe that is pretty accurate (maybe even less than that). It's actually worse odds than a casino. I'll leave it at that.

[@MattJ3]

It is a risky business. Far better off creating products/services or just buying good real estate imo. Thank you for sharing and wish you all the best!

[@vincentrajakone9256]

Lost $30k on suncor in 2016.... so i understand your pain... But made it back on other business projects.... my word of advice: get out from stock gambling, forget about this loss and look for projects that you understand you will make it back.

[@kiavashzare6584]

I lost 84k during last 3 years. I'm 27 and that was my life saving. I lost more but they were profit (around 20k). Made good money first year and then loosing streak. To be honest, is very difficult to cope short term, although long term might result in better things.

[@itlp5525]

I lost 40K. It’s very difficult to get over it. Lots of emotions and anxiety inside your body and head

[@wealthtrekkers]

Just experienced this in crypto... I took 30k to 400, then down to 200, and now 60k. Sad to say I’m done. Extremely depressed and need to move on but as struggling to find any confidence

[@youtubemaster3449]

i made from 220k 290k eventually got out with 74% loss 94K left, bought a car and will now enjoy life and stop dreaming of becoming a millionair

[@jayopnl]

The number one reason Traders lost money is to: Swing Trading and Greed

[@jayopnl]

@M F This was over a year ago ahahaha I’m way more experienced now.

[@jayopnl]

@@lan3646 yessir a lot a lot now, been trading smart money and it’s insane fam

[@jayopnl]

@@lan3646 Go Learn Smart Money Concepts, They stick to EU and GU and trade 1min literally so overpowered

[@thealchemist4100]

A lot of respect for making this videos. Thank you for the vulnerability and honestly. Something I needed to see to avoid some of the same mistakes.

[@MattJ3]

Glad it was helpful! Wish you the best!

[@covercalls88]

The market can be a asset kicker.

[@schmo7777]

I lost 100 k over 2 years. Went high risk invested in the widow maker after my divorce and my cheating ex cleaned me out. Took remaining assets, worked 2 jobs, threw it all in. Widow maker got me. Shorting NG from 3.5 to 4.9 then sold at worst time and never made it back. Lost 25 k in 2 garbage penny stocks. Nightmare.

[@MattJ3]

Stay away from stocks. Invest in yourself and business. You will get it back and way more if you do that. Aim to make a ton more then you ever have. As much as it hurts, it's small money. On to bigger things now! And as for your ex, just good that now you know and are away from that toxicity.

[@TheFavoriteColors]

You quit day trading awesome. Sounds like you were a better swing trader anyway. Maybe if you stayed consistent, which is one of the basic rules of trading and not trying to do what other people do, you would have been successful in the end.

[@MattJ3]

TheFavoriteColors yes you are right but this is what taught me for certain what trading strategy is best for me. The day traders did influence me but I also wanted to create an income that was more on a weekly basis. With real estate and swing trading for years I would often not see pay checks for months at time, that sometimes gets frustrating but not as bad as losing. Swing trading is the way to go I’ve gotten my trading down pat since this video and was all well worth it. Thanks for commenting!

[@rodrigorodriguez509]

I've served almost 20,000 business clients professionally and none of them was able to generate incompassively, more than a thousand tried really hard and sank a lot of money into it.

[@johndesey3446]

After 8 years I finally quit trading recently and I’m so relieved. Thank you for your video. I now just put $ index ETFs and go work for a living

[@disneyfoodie8774]

Thanks for being honest. I feel you. I was making small, consistent gains. Then, I got greedy and took bigger positions with more risk. Lost 22k. Taking a break now, and when I start again, I will trade smaller.

[@kirawest5264]

🤦🤦🤦 i feel your pain, I use to be a huge fan of losing to forex, not anymore. I found a way to recover my lost funds..if you really want to recover your loses then I can tell you how..

[@nobodysomebodiev5935]

hi bro how did that work out?

[@Be_Captain]

This resonates with me, in more ways than I can articulate in a short post. I did fine trading in a small account. Scaling it, the mind games started. Then the side hustle work slowed. Then bills started piling up. Then I needed more money. And those profits quickly turned to much bigger losses. In the grand scheme of things, I'm only down 5 grand, but I can't fund a margin account anymore, and that's a lot of money to me. I'm not one to quit, and I don't plan to, but my experience, and the experience you've shared, really make that whole psychology aspect a lot clearer to me than before. Nothing screws with a persons head more than losing money. No yolos.

[@aleajactaest4563]

Thank you for the video, I lost 14k€, I'm 23 and it was all my earnings in stock market. Really sad..

[@sonialacknerlittle1419]

The biggest secret in profiting from forex is by getting a verified trader who really understands the market to trade for you while you take zero risk of loosing or blowing your love account.. Inexperience and inconsistency kills a lot of amateur traders hopes.. I personally earn €17,000 every 7 days trading just because someone who understands the market really well is in charge of my trades. I’m 😁 happy to share my success with *michael_grayson06* on *INSTAGRAM* as a reliable and consistent trader. He’s a genius and I’m really happy to meet him😊😊.

[@nobodysomebodiev5935]

Hi bro, u still trading?

[@molliemk3477]

I feel ur pain, I’ve lost money too trading . Sigh.. 😔

[@MattJ3]

Ya! Best thing is to use it as a stepping stone lesson to become better! Thanks for commenting!

[@davieboi649]

i lost over 150k in the market i turned my final 30k in to over 450k not day trading in a year never give up people adjust learn grow think abundatnly invest in companies with huge growth and game changing products or services and you'll all be millionaires a smart guy like you matt could make all that money back in a few years just dont day trade invest wisely

[@LordLoMR2]

I am a long term trader. I started day trading for fun 3 weeks ago... but it’s been rough. You spend your entire day in front of a bunch of computer screens - jumping between stocks every couple of hours or minutes. And I’ve made some gains and some losses. But one thing I learned as a day trader - you end up taking more risks! I’ll jump into a stock knowing very little about the company - but I’ll get in because it’s jumping and I want to ride the wave. Once you take losses, you’ll try to make it back taking more risk. Lol. It’s a viscous cycle. I’m gonna go back to long term trading. Haha.

[@MattJ3]

Yes exactly. Not worth the time/stress/risk. Better to focus on other things and set up long term trades.

[@covercalls88]

I did some day trading 20 years ago. Broke about even, but it was not worth the stress and effort. I found my little nitch in the market by selling short term call and put options, my target is 400 a week with little risk and stress as 9 out of 10 options expire worthless, so I have been building my market portfolio slowly.

[@jerryyapkh]

I lose 100k day trading in 3 years. The worst mistake is got hooked made 22k in a day after only day trade 10 days. And still at it. Just lose 2.4k after consistently made 1k a day for 2 weeks. Addiction with leverage is the worse

[@mehdilushi7895]

160K dollars lost, worst year of my life I can't anymore 💔 I'm tired of everything 😪

[@bluepeacock5777]

Here to share my story too. I have recently tried to get into options trading. Everytime I traded, I was green. I am not kidding as to this as I have traded probably 20 attempts all with anywhere between a couple hundred to 5.5k gains. Took and is now taking a vacation with me trading with my psychology completely different and lost not only everything I had previously gained but another 30% of my previous account value. I have been practicing trading for the last 5 or so years but this has really hit me... I don't think I can be in the stock market... For me, I think it is fools gold but I think I learned my lesson earlier (26M) than later. Thank you for sharing as well.

[@MattJ3]

Blue Peacock thanks for sharing. Best way to guarantee gains is creating a business where you have control. Good luck 💪🏻

[@terrorclawful]

Havent watched the video yet and i lost 90k day trading options. Putting too much into 1 trade is what lost me big

[@disemusic9924]

I got into investing this year as well. EVERY TIME I GOT GREEDY I LOST MONEY!!! I didn’t loose that much but use stop losses and invest slowly and carefully. That has been the best way I’ve been seeing profits. Slow and steady wins in the long run in these markets.

[@bartmastin3272]

i had a similar experience. it was my dream and i did well longer term swing trading, but i am just a terrible daytrader and I am surprised and disappointed in myself for taking so long to realize it. expensive lesson.

[@huyhuynh4173]

I just lost $800 hard earn money and I feel so much pain already. After that I learn even if margin is 0% I still will not touch it. Thank you for sharing story, I am sorry for your lost.

[@MattJ3]

Margin can be deadly!

[@cedyua]

$25k looser here.(95% of my net worth) I consider this a payment for a knowledge of myself. I haven't quit yet. I believe there is still potential.

[@MattJ3]

The best way to look at it because that is exactly what you need to do. It is what you asked for, you want to achieve this goal and that is how you will. Great mindset, keep it up and you will get there 100%! Make sure you are subscribed and if you ever want to chat more you can email me at [e-mail]

[@aquariusthompson8212]

Should definitely join the free discord discord.gg/cBRpVr6wZ2

[@nimaahmadi8547]

So, did you lose everything again? Day trading is really not possible unless you are working for a firm or an institution

[@cedyua]

@@nimaahmadi8547 No, I stopped day trading and moved to trade on weekly/monthly+ periods which is profitable for me. But I'm still learning

[@Elohim7777]

Did day/swing trading during the pandemic was profitable, then got bored tried options.. and it Killed my Capital! I feel you bro..

[@theodoreboosalis]

TY for sharing this Matt. I believe in Swing Trading. I don't believe in Day Trading. I too suffered about 20K in losses 10 years ago day trading. It's just not a good way to sustain an income because it's predicated on an absolute necessity to cash flow every week as if one had a stable weekly income. Trading isn't a stable form of making money short-term. Lots of volume in day trading - and that's hard to manage in a traditional method. TY for sharing this - we all feel your pain.

[@yazz6548]

Thank you , I needed to hear this .

[@quavohuncho6156]

Lost my life savings in one stock which i tought would go up but crashed -98%. I cant even sleep anymore. Feel like shit:(

[@MattJ3]

Time to focus on other avenues?

[@ericn24]

Change over to theta gang. Sell options instead of buying them. Blew up my account day trading while working a 9-5 like an asshole, switched to theta gang im up 20% in a month and a half and no adrenaline having to watch every tick. Good luck

[@TekkenMenace]

Discipline of cutting losses and knowing when to get out. NEVER HOLD these losses. I average 50% every quarter because of it. Accept your losses. And move on. TICKERS DONT CARE ABOUT YOU. ONLY CARE ABOUT TAKING YOUR PROFITS.

[@MattJ3]

You got it!

[@jasperjudan7038]

Wow.. after all this time, the recovery becomes reality. I personally have a lot of faith in this dudes and I think it'll be successful. Thank you *High gizmo* on the Internet for all the effort you've put into this project, and let us all have high hopes for the release 👏🏼

[@johnpersechini4951]

He looks like he is about to cry. It stinks to lose but it’s just money. Relax and smile. You’re good looking and healthy.

[@MattJ3]

😭😭😭

[@Nevil_Samnauth]

@@MattJ3 man this was 2 years ago and I'm going through it right now...can you make a video on how things changed after 2 years?

[@charmjasmi]

You sound like you never lost money in trading or you just don't care what you lost. Then I think this video and here is not for you

[@Nevil_Samnauth]

@@charmjasmi who me?

[@charmjasmi]

@@Nevil_Samnauth No。 Not you it is @John Perichini

[@luckieoleary6459]

It hurts even more when someone ask you how its going and you can either choose to show them your portfolio or lie and take on the guilt

[@stevelee7781]

Dont know why but most investors go through this gambling phase...stay strong as tomorrow is a new day

[@whis5448]

Invest for the long term in solid companies and don't day trade and you will never lose money. So simple!

[@MattJ3]

Better strategy then most.

[@taladude13]

Lost 6k on Binary Options because of a wrong mindset. i was doing so good and then greed screwed me over. im taking a break form trading all together and comming back at it with a different and more long term mindset!

[@taladude13]

Update: made it all back!

[@Itwasme007]

I'm sorry to hear this happened to you, I just wanted to remind you that bedding in the stock market is not the same as betting in Vegas or sports. Whatever you do stay away from sports bedding the house rarely loose.

[@MattJ3]

👍

[@high4lfye243]

I’m a college student(20y/o). I lost about 5k trading when I could’ve spend it on bills, what a hard lesson to learn. I’m still am trading and is doing better but still in the process of making up my losses.

[@sonialacknerlittle1419]

The biggest secret in profiting from forex is by getting a verified trader who really understands the market to trade for you while you take zero risk of loosing or blowing your love account.. Inexperience and inconsistency kills a lot of amateur traders hopes.. I personally earn €17,000 every 7 days trading just because someone who understands the market really well is in charge of my trades. I’m 😁 happy to share my success with *michael_grayson06* on *INSTAGRAM* as a reliable and consistent trader. He’s a genius and I’m really happy to meet him😊😊.

[@silloweet]

How about now

[@Ghostdinosawur]

Have lost 20k-40k on a few occasions, it always sucks ass

[@MattJ3]

It does sting a bit! What is your focus, day trading or swing? Anything insight you can provide on your experiences would be awesome!

[@swingtrader6118]

U all dont put sl?

[@Tommy-sn5gl]

This was much better than I expected! Not the best, but still a very solid direct! Finally got $560k in participation for the sequel. 2022 is a great year for us owners! Maximum respect for you *Highgizmo,* on the internet it cannot be denied that you are one of those who work the most in the recovery genre 👷🏻📲💻💵 I hope one day I can be like you in recovery moves, from Mexico I will continue forward, blessings to all here.

[@kingwilly8041]

I was up then kept losing through swing trading, getting my stop loss hit often. I got discouraged so I stopped being active even though I stayed in, which made things worse. I should've followed my rules and not stopped using a stop loss. At one point, I was down 40% but ended up gaining it all back and then some. Took 9 months and a lot of discipline.

[@AutoEssentialsUK]

Took a beating of $2000, seems little, but I’m only 17, and it’s half of my net worth. Had a really unlucky pattern for the past few weeks. Just going to start again and just buy general shares like Microsoft, PayPal, ect, for long term gains. The light of getting fast money is the cause of getting fast losses too. Hope you’re all good bro.

[@MattJ3]

Thanks man! You are young so perfect time to learn 😀

[@kirawest5264]

Forex is never a fast money, you put in time, energy, brain work..it's like working in an office

[@AutoEssentialsUK]

kira west it was not forex, more bad calls on stocks

[@kirawest5264]

@@AutoEssentialsUK Alright dear, but you can try trading forex, I can show you to my broker where I earn profits weekly, huge profits, if you want you can start with a small account

[@giyu7667]

I hope you recover what you lost.. really feel bad for you..

[@MattJ3]

Ya and thank you!

[@TraderSyed]

Thanks for sharing with us all so we all can take big lessons at early stage than late age and sit and cry.

[@dusekillian9688]

bro is true when you have blown your account you think none of your strategies does not work any longer until you are totally out thanks for your loyalty

[@raz1739]

Lost 230k in a month! I’m numb right now! Sux

[@MattJ3]

Keep it moving you'll be back in no time!

[@BoxPro-]

i am sorry

[@kirawest5264]

I lost my life's savings too, so i know the feeling, but I recovered, thanks to a friend of mine, an expert who helped me recovered from my painful losses

[@yumsundae]

Company gets good news Wait for volume to build up Buy stock Set stop loss 5% lower That's it

[@vinG91]

just realize i lost 15k will i though i had lost 6k. Im done day trading. Will find myself on longer timeframe maybe, but im stopping this for now

[@MattJ3]

Take some time off, you need to cool off...get your emotions and head right. Only way to trade/invest is to be in complete control of yourself. You can do it and I do think you should trade longer term. The market will always provide opportunities and if you can handle your temperament you can do exceptional. Please subscribe to my channel as I will continue to put out videos on how to relieve financial stress and create more success. Anything you want to talk about just let me know. Thanks for stopping by.

[@rovinlatchman5484]

I feel you bro. I know what your talking about and going through I trade forex. Spends months behind it. Blown an account behind it but I never give up. After a few months I'm seeing my way now. Better strategy and better risks management 85% of trades are correct and I'm a day trader

[@MattJ3]

Best of luck brother

[@shaista11]

Hello can we invest with you and share profit thanks

[@zaxygaming9848]

i lost 100$ and i quit

[@eberhard1991]

That is pure weakness, glad you quit because trading isn't for you.

[@nimaahmadi8547]

@@eberhard1991 so, did you end up losing everything?

[@xikefocus]

Make sure you put the lost into your tax return. The lost can be carried into following years, so you don't have to pay tax if you make money in stock market in the near future.

[@Zlinky111]

Interesting reply. How many years?

[@Slrpics]

Stop blaming the market and day trading. Ive been day trading for almost 2 years and I can tell you its impossible to win if you don't have the right mindset and if you do have the right mindset its impossible to not be consistenly profitable. Problem is folks don't want to loose or be wrong. One you get over that and you can stop needing to right on every trade you will start to take profits as they are given by scaling out in fractions and cutting losses quickly by scaling out of plays as soon as they go againts you. Oh and never hestitate to put on trade because you will experience losses no matter how much you analyze they just don't have to turn into red days. Its not about being right or wrong on a trade its about performing well when the market moves in or against your favor.

[@vovanminh999]

well said Shane , can i copy this comment because i need to remind myself , i had lost 1k last night because i didn't want to admit that i was wrong and cut loss quickly . i have learned my lesson . and overtrade as well.

[@mariuskincy2514]

I lost $3000 in 1 hour awe brother

[@kirawest5264]

Och that hurts, I can recommend you to an expert that helped me in this same situation.

[@mauriceMrGrind]

I know how it is.I lost even more.I see that you haven't posted in years.I hope all is weel brotha ✊🏾

[@krisevans4379]

I appreciate hearing this I have found myself in the same situation being up and not pulling out taking more loses. I would literally tell myself pull out at 1k I'll be up 4k and still continue to let it ride it's definitely I life lesson

[@webchamp930]

Lost 3.5k in a month (not day trading but similar), thankfully I didn't have margin setup on my account or i would have lost at least double.

[@ezumach]

I lost $20k during the 2020 melt up. I have a grad degree in math and I'm a CPA. Don't fee bad. Market makers control the market man.

[@arijit2275]

Lost 3k day trading but recovered 1k. Recovery still in progress.

[@ad7543]

I lost 13% of my savings in a month and walked away from trading. Not as much as the rest but it really hurt me to lose my hard earned money. I learned my lesson and am valuing my time and money more.

[@MattJ3]

Nice. 13% ain't bad at all.

[@jcortega87]

Sorry to hear about this Matt :( hope it’s gotten better now

[@MattJ3]

Jesus Ortega thank you! It sure has, this was a few years ago and a huge lesson for me. Made me figure out exactly how I need to move forward. 🙏🏻🙏🏻

[@leandrafernandez3544]

If the market is down that day, then don't trade that day. Unless you're talking about day trading options or on margin

[@abdulkarimhussainjohar770]

I lost 1.3k as a beginner. Felt very bad.thank you sharing your story. Any advice for me?

[@MattJ3]

Nothing in the long run of things. For me personally I would not even focus on trading with such small amounts. Better to focus on how to create an income of 150k,250k+ a year. Then set up investments to work on the side for more income potential. You can scale much more with others then with next to no risk, rather than day trade stocks with risk and with small amounts it worthless. Just my two cents.

[@RotterStudios]

D diligence and all the moving averages and things will never save you. When the market tanks WITHOUT WARNING you get WRECKED. I lost more than this guy and started slow. Thinking of quitting but not sure. Trading will make you a robot. When you get addicted you need to stop and reflect.

[@chandralestari4330]

I potentially lost my money 25k next week on forex trading. I hit margin call 4th times! Its all bcs i have too much trust on the broker with lack of knowledge on trading and the mentor that turn me to this now i think he’s incompetent and dont know what he is doing. Im lost, i cant sleep i even totally stay awake 24 hours, lost my appetite and the worst is i need to keep going to work and pretend that everything is alright. Some coworkers spot my emotions but i just said its PMS. Im tired of this, i wanna pull myself in the darkness and never came out of it. Its all the savings i made by working 12 hours everyday almost a year. It hurts me so much when i think about it. The other problem im facing is that i need to pay my tuition next year which make it more complicated. I do try meditation but seems still not working. I dont know what to do atm. My partner dont know abt this (its all my own money tho). Will never let my fam know bcs it’ll just turn them down. Thanks for the video anyway.

[@cyberbug9699]

I'm hesitating to get involved now. The best way to make money is to work for it. The stock market seems like a gamble especially for newcomers.

[@MattJ3]

Yes the best way for financial freedom is to work for it(building a business)... best way to scale. I wouldn't say stay away from the stock market though. You need to know how to create wealth through investing. Starting small is not a problem. Create principals that you can apply for life and give you the peace of mind to be able to perform in all aspects. Think about what you would do long term. Just build positions in great companies that will be around for a long time and you will be fine!

[@godbeliever72]

Don't trade. If you really want to invest then go for sectors index never for individual companies, find a sector that's beaten down very much like OIL a few years ago on an non-leveraged ETF or fund (No 2x or 3x bullshit) or even better SP500 after a 2008 style crash.

[@kadiru.4419]

Day trading is of corse gamble the only legit way investing in stocks are long term investments in companies who grown till today and will grow next ten years. And you have to divers your money into many succesfull companies if one does bad ten other stocks will hopefully do well! If you have moral then you sort out the gold gamble and alkohol companies of your Portfolio

[@HERXMES]

risk managment... if u are down 100k u dont protect your capital period...

[@zarrowthehorse]

Dunno why you and another commenter are saying it's gambling. It's only gambling if you have no discipline. We set our target profits and stop losses for a reason, and that reason is to be rational and minimize risk. It's never a gamble until you make it one.

[@SaSa-cd2mo]

I'm so thankful that you shared your experience. I'm feeling with you

[@MattJ3]

Thanks so much Saged Salah! Appreciate the love! Hope you are subscribed! :) Feel free to share any insight if you like. Have a great day!

[@hassankhan384]

Just dont trade and build a business on your own, such opening a shop or buying and selling houses for profit. anything, but dont do this crap online trading, I see alot of ads on insta and on online these big players showing off their stuff and telling us to join them and become a trader, I just hate these ads, good I didn't get into this stuff because one I dont know crap about trading and about shares and were to invest,

[@MattJ3]

Exactly what I do now.

[@franciscojavier4670]

1- Do not play more then you cant afford to lose. 2- try to make day trading your second hustle. 3- don’t be greedy. 4- learn from experience. 5- even if it’s only 100 profit take it. Don’t wait until they crash you. Sometimes I put 25k and I only pick up $250. That has work for me, I’m on green for a long time. And last if you can take back the money you put in to it and play just with their money. If you loose you will just had a bad experience. Not a devastating event Good luck money chasers !!!!

[@TheWrd_OfGod]

(1 rule in the stock market for me is) that i scalp so my rule is always have a stop and never hold over night never because atleast if you have a stop and maybe your wifi shuts of you pc cathches on fire or explodes as long as you have that stoploss it is logged in the servers of your broker and so you will be backed up if anything happens or if there is like a gme downfall then your whole account is screwed also a reason i dislike investing into stocks definitly riskier and rather like day trading/scalping

[@edwinperez7151]

Everyone is built differently, there’s people who fear being in long term investments because a company can do down at any point! With bad news and a bad analysts, I prefer analyzing graphs and learning your charts and having discipline on when to execute and when to exit a trade, and having your charts makes out 100%, with your support and resistance and trend lines do not lie, this is where most day traders fail because they tend to think it’s as easy as just putting in the money and taking it out at any point and it’s not, everything has a trend and will most likely always come back to a support or resistance and that’s when you’re discipline comes in if you should execute that trade! Plus the reward is nice ! Everyone is a different type of skill tho !

[@MattJ3]

Yea I hear you. The way I look at things though is day trading is a hands on gig. For long term investing you can make your money else way while still investing, creating even more wealth.

[@AJ-wp3pw]

Also, never put a light source behind you in the camera shot, genius. Horrible lighting!

[@michaelgobert8189]

all of you on here crying about losing money in the market. You all know it is a gamble to play the game in the stock market if you lose then you lost. stop crying about. do better research on your trades. don't follow people and try to do what they do you will lose big.