Teaching You To Trade

[@humblemanifestofriches]

It’s actually beautiful seeing someone who has been a non retail trader tell retail traders and potential gambling addicts the truth about their situation instead of selling them something.

[@pabloes588]

@@humblemanifestofriches absolutely i started trading just before covid with crypto and rode the wave of btc hitting the high i now just trade forex and the us100 /s&p 500 i'm not anything special i just look for quick scalps and follow the trend i don't try to beat the market i literally just follow it and hope to make more winning trades then i lose at the end of the money

[@elemar7365]

He’s not telling retail anything at all really. More like the easy way by telling just enough to discourage the ignorant and profane, and make the pro retail (those that do make money consistently) simply laugh at the way he poses himself … If he compared himself to Richard Wyckoff maybe (whom genuinely wanted to help the little guy), instead of Usain Bolt, Id have more respect for his posture … The dude is full of himself.

[@jvalle3613]

@@elemar7365 exactly my thoughts. Seems like all he does is gate keep. Trading is hard, fucking hard. But it's possible to make money trading using the power of compounding, systematically trading and following strict rules is possible. But it's hard work you need to put the effort. I agree with your competing with people like him, but telling people the economy is getting worse and worse and there's no solution for you is like fucking insane this guy is so full of himself that he sees himself as some sort of saviour but he himself made all his money betting on this failing system. So go figure.

[@Elcapbro]

@@elemar7365 there are professional gamblers in the gambling industry who are profitable... doesn't make it not gambling LOL

[@gandolph3]

Oooh … shut it dufus know it all.

[@ritcha02]

This is what it looks like to operate with integrity. ❤

[@adammm46473]

I love it. So rare I didn't even know it existed

[@HeilReltih]

lol ... everyone in the trading industry is a salesman, including gary with his fictional stories

[@don__hector7845]

@@HeilReltih explain then????

[@razitamir]

@@ritcha02 no man. that is twisting the truth. you can make easy money with crypto. off course you'll need to learn how to control yourself and recognize when you're feelings get the best of you. this guy went through the hard way so it is hard for him even to believe there's an easy one.

[@Brainsandbeauty]

@@razitamir Crypto prices move up and down, no doubt, so a strategy can be developed to capture price movement. But crypto "assets" are inherently worthless. You own a piece of nothing.

[@Karl_with_a_K]

I'm a very cynical bloke and yet all I can see is you giving people very very sound advice. This cycle of the rich and super rich asset stripping the middle and lower classes is something I became acutely aware of around the time of the 2008 global financial crisis. All the big banks and investment firms were given massive bailouts from taxpayers money, the value of assets especially property tanked and they either took them as people couldn't service debt or bought them for practically nothing. Now it's happening again... this is what they want... "to buy your mums house" and keep you in financial poverty all of your life. Something needs to change, this cycle needs to stop.

[@Skylark_Jones]

Yes! Agreed. The problem is, what can we the people do about it?

[@Sa-hi5nq]

Join the picket lines and stand for workers rights, (they’re fighting for more then pay). Before they take away the right to strike as well.

[@freebornjohn6876]

I think you're spot on here. Exactly what I've been thinking is happening.

[@Google_Does_Evil_Now]

Exactly this. They did the same thing in the 1980s Black Wednesday when they put interest rates to 15%. Enormous numbers of people lost their homes, businesses, and these were auctioned at a time when regular people didn't have money to buy them. So the rich buy them at half their market value. Then they sell them back to us in 5 years time once they've doubled in value. They sell them to us once they double their value, and we buy them with mortgages that are bought from them! And they give us those mortgages with money they got at a lower interest rate from the government. Which is funded by our taxes! That they don't pay. Once you start to see how it all joins up, and where we fit in this. You can see that they just exploit us, over and over, and over and over. This is why they have to influence, own, the media. This is why they have their Mansion House get togethers - the rich sitting with the economic politicians, as well as well their other get togethers, chats and planning. The British people are a cattle farm to them. They treat us like cattle. Just look at how they cut wages, in real terms, during a prices crisis for food, bills, etc. And after they deliberately crashed the government with an extra £100 billion in debt by Liz Truss - this debt was sold from rich banker lenders. They made huge profits and commission. Kwasi and Liz are sitting golden, because they helped their guys get serious money. Nothing went wrong for the rich in that moment. In fact everything went right. And the 2 million people that will now struggle with their mortgages are a fat juicy target waiting for the rich ruthless to buy those repossessed homes that will go to auction for much lower price. Rishi Sunak is closing the local swimming pool in his area where he is an MP while at the same time building a beautiful luxury swimming pool in his house just for himself. Using Non Dom tax avoidance. Which he won't tax. Because it saves HIM millions a year. It would have brought in £3 billion + a year from drug tax avoiders.

[@MrTynanDraper]

​@@Skylark_Jones I think Gary suggests that if we live in democracies we can vote for parties and leaders who will do progressive taxation, (if you don't already have that), taxing the asset wealth. . higher taxes on wealth generated from asset ownership etc. . .

[@Google_Does_Evil_Now]

Thank you Gary In the 1980s Black Wednesday when they put interest rates to 15%. Enormous numbers of people lost their homes, businesses, and these were auctioned at a time when regular people didn't have money to buy them. So the rich buy them at half their market value. Then they sell them back to us in 5 years time once they've doubled in value. They sell them to us once they double their value, and we buy them with mortgages that are bought from them! And they give us those mortgages with money they got at a lower interest rate from the government. Which is funded by our taxes! That they don't pay. Once you start to see how it all joins up, and where we fit in this. You can see that they just exploit us, over and over, and over and over. This is why they have to influence, own, the media. This is why they have their Mansion House get togethers - the rich sitting with the economic politicians, as well as well their other get togethers, chats and planning. The British people are a cattle farm to them. They treat us like cattle. Dragging the elderly, some with covid, from hospitals and driving them to care homes where they would infect other elderly people, who died. That's like how cattle are treated. Not people we care about. Many examples of severe policies. Just look at how they cut wages, in real terms, during a prices crisis for food, bills, etc. And after they deliberately crashed the government with an extra £100 billion in debt by Liz Truss - this debt was sold from rich banker lenders. They made huge profits and commission. Kwasi and Liz are sitting golden, because they helped their guys get serious money. Nothing went wrong for the rich in that moment. In fact everything went right. And the 2 million people that will now struggle with their mortgages are a fat juicy target waiting for the rich ruthless to buy those repossessed homes that will go to auction for much lower price. The price will be low at that moment because few people will be able to afford to buy them. Rishi Sunak is closing the local swimming pool in his area where he is an MP while at the same time building a beautiful luxury swimming pool in his house just for himself. Using Non Dom tax avoidance. Whom he won't tax. Because it saves HIM millions a year. It would have brought in £3 billion + a year from drug tax avoiders. Etc etc. The more we look and think about how it's all connected the more we can see how much we're being exploited. We have to get political and we have to protest. Maybe a 30 minutes walking slowly, driving slowly, on our high streets etc. Just for 10-30 minutes. If we did this. Like the Thursday evening clapping for NHS workers.

[@PifflePrattle]

Nice comment. I recently had some severe flatulence (legume induced I believe) and I thought how good it would be if only one could store the smelly gas for later deployment at a suitable venue. If thousands of us unwashed masses could pool our emissions and release them during protests it might afford a legal alternative to all the previously legal but increasingly criminalised outlets. Until the government produces some kind of regulation outlawing farting at public protests at any rate. They can't outlaw farts of course because that would render Rees Mogg illegal. Not that I'd object. I think one of these 😀is in order.

[@kayoss11]

Sad thing is Justice, lives in a court room, where you need lots of money. There is no real happy rich people, only scammers top to bottom, the rest live in hope.

[@ryandavies3776]

Liz Truss's policy was for growth. Growth in the economy give us working classes potential to scale and earn more money. That's why her policy was deliberately tanked by the media and wealthy classes because it changed the status quo. Its more policy based on growth we need.

[@nonefvnfvnjnjnjevjenjvonej3384]

thank you for this comment... and even though this channel and your comment is about brits and the uk, its the same around the world... im from canada and things are so messed up here.. :(

[@FHIPrincePeter]

It was in 1992. (September)

[@davebiggs]

I’m a late starter due to various reasons. These days there’s so much information and opinions and dream sellers. It’s a real blessing to find integrity and conscious honest realism. Thanks for taking the turn on your path that you did. You’re giving me the life lessons I missed. Peace brother 🙏🏻

[@geoffarnold8723]

Very wise words Garry. People: Don't get involved in trading unless: 1. You can afford to lose your capital; 2. You have a very sound understanding of volatility, correlation and market risk management; 3. You able to disconnect your decision making from your ego (don't get over confident from wins nor cling to losses).

[@aluisious]

People will just read that and go "ya ya ya that's me." What dumb people don't realize is we can't get all rich from trading because it's a zero sum game. For someone to win, someone loses. We can't all win, that's just bad accounting. Mostly 1 person wins and 9 lose because the winner takes it all. People do not have the humility to accept they're one of the 9, and so they throw their money into the void and some other guy lives in a nice house as a result.

[@kippsguitar6539]

Wow, you don't say!!

[@staypatient2816]

You didn’t even watch the video I guess lol

[@blessedblem2051]

Well explained. Thanks for bringing up the videos financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.

[@GodstimeNonso]

Trading in Bitcoin now is the wisest thing to do now especially beginner.....

[@GodstimeNonso]

Most people think, investing in crypto is all about buying coins and hodling, come on it takes much analysis to be a successful crypto trader.

[@cena8427]

Thanks to my co-worker (Stella) who suggested Mrs Cassandra Robert . Investment serve as a springboard for achievement. Wealth is created by investing

[@BonaKim-q6m]

It only gets better. Cansadra is spreading like wild-fire here in Australia

[@KpojeJonathan]

Thanks for the info, I've contacted her and she responded nicely

[@zidermakesispooky]

I stumbled across this by accident and it was very sobering to realise you described me to a T. I started trading with some initial success as I wanted to escape the debt I had accumulated just trying to support my family. Fast forward 24 months and I'm in the hole to the tune of 25k and it's near impossible to recover. People who can afford to live comfortably don't ever feel this pressure, betting shops are not full of rich people because they never feel that same sense of inadequacy a 'normal' person feels just trying to get by.

[@garyseconomics]

I 100% understand you. I'm sorry that happened to you man. I hope you've managed to kick the habit now and are able to work towards more stability. Good Luck.

[@zidermakesispooky]

@@garyseconomics Thanks for your reply, it's kind of reassuring that you know what I mean. Keep up the good work raising awareness and battling for ordinary people.

[@aluisious]

Hitting the nail on the head with the sense of inadequacy driving desperate measures.

[@bl3iv3s]

I'm still in crypto, like many people I watched my bags go up and then come down last cycle. Even my mum told me to sell when it was high, but like many, greed and stupidity took over and I didn't. I'm now divorced and I realise that the 1000s I could have had would have been really helpful. I've got very realistic targets for this bull run and will get out as and when I can. After I do, I won't be re entering the market.

[@whimsythecrypto-hippy-wolf1900]

@@bl3iv3s don’t get shaken out mate. Just educate yourself so u can play the market ups and downs better. Use a practice account. Good luck

[@JenniferAniston-u9o]

Progress is progress, regardless if it is slow or consistent. Either ways one still goes up, credits to Lunvo

[@EmmanuelGusto]

Lunvo has quite been very helpful in the system. I recommend him anyday

[@JoefryAnders]

There is no need to rush life, in the end what will be will be. Just be hardworking, steadfast and always seek for guidance

[@BunnyJackson-d3p]

How can I communicate with him for advice

[@JenniferAniston-u9o]

Search his full name

[@JenniferAniston-u9o]

Jason Lunvo Rodriguez

[@fvb1369]

I agree ,trading isn't a get rich quick scheme. However you could make money in the market by learning , improving and understanding risk management. The problem is that most people just want the outcome without putting in the work , that is not going to happen.

[@JohnSmith-gy8rc]

Gary - you are a very wise man indeed; solid insight into human nature as well as economics and trading. Thank you for your channel.

[@mruniqe]

An absolute breath of fresh air. You are a rarity in this world, and especially the financial world. Not only have you been on an incredible journey, you are now sharing the brutal knowledge you have learned with honesty and clarity. Only a handful of people really do this. A pioneering voice that stands out among the bullshit noise of youtube "financial advisors". For honest advice, you sit alongside Buffet and Munger in my book.

[@McFlashh]

Are you serious? The reason this guy is saying trading is hard or not worth it, is because he wants less people getting into it. It's that simple. There's plenty of traders who started with little capital, and made lots of money.

[@Theother1089]

Brilliant advice. Myself and my wife decided to pay debts off instead of investing, the credit card and loans have gone, now we're over paying the mortgage, and live is financially easier, but it's hard work only buying what you need and not what you want, as temptation and spending fashion tries to take your hard earned.

[@FHIPrincePeter]

Shame I did not see this BEFORE you "paid off" your debts. I do two courses : Blue Pill the basics of trading and investing. And Red Pill : How to eliminate debt legally and without injuring your credit rating.

[@don__hector7845]

@@FHIPrincePeter shut up

[@rrj6919]

@@FHIPrincePeter do one

[@charliecouzins7652]

Finally, a real economist 'guru' educating the ordinary people the reality of trading/gambling. After seeing the nonsense gurus on KZbin trying to sell you thier courses, I've been very skeptical. Now you've reaffirmed this. Thank you, I'll stick to the index funds.

[@benjaminpeternorris]

This is such sound advice. Yes, the markets are rigged against inexperienced traders and can lose you lots of money. The sad reality is that the economy is also rigged against it's ordinary citizens and whichever game you play, you are likely to lose. Thanks for what you are doing, and opening people's eyes, so they can really see what's going on!

[@Challenger160]

Now this is some valuable information. Thank you for not selling us a dream and telling us the reality of it all. Keep doing what you do and merry Christmas ✌️

[@juliamountain1846]

I 'm a fan of your work but I nearly didn't bother to watch this one because I consider trading to be a risky activity requiring skills and knowledge (and money to lose) that I don't have. So good to see you spelling this out for a new generation. Your trading record and skills are impressive but what I think is far more valuable is your informed assessment of the state we're in and what needs to change. Thank you for your work and please keep it up.

[@jbern2185]

The best way to tell you were a legit trader? you're not trying to sell us a course on trading. Thank you! So refreshing.

[@peterclarke4141]

Absolutely love your videos. I wish everyone would be made to listen to what you’re talking about regarding the state of the economy and the propaganda pumped out by certain media mail, telegraph sun etc.. Please keep fighting the good fight.

[@kinglion6197]

Your honesty is what separates you from the fake dream sellers, you have put value on yourself im glad to say you are principled and using your intelligence in the right path. Big ups garry, you encourage me to study economics my dream course but its too late im 27

[@LoneTraderskies]

Never too late to learn brother. If you stop learning you stop living.

[@kinglion6197]

@@LoneTraderskies thanks mate

[@hmm3651]

Never too late to start studying, no matter what age u are, your either going to do it or ur not there's no in-between, are you going to keep making excuses or are you going to become the best version of yourself!

[@orlaghobrien3020]

@@kinglion6197 that’s what I thought in my twenties: “it’s too late to learn something new from scratch” … 20 years later I look back and realise it wasn’t too late at all!! 😅 and now I will start learning something new, again 😅

[@calloftheryan3263]

Love your channel Gary. You have been a real eye opener for me

[@unlearningeconomics9021]

Linking people to this any time they ask me (an economist, emphatically NOT a trader) if I can help them with their investments and finances.

[@markkingproperties2237]

On point video Gary, I’m a Property Trader over 20 years and had so many people around me going crypto crazy, all now in loss, at the time they couldn’t understand why I refused to invest and stayed in my lane. My simple answer being I can’t trade as ‘asset’ I don’t understand, same when if I don’t understand the fundamentals of how a building is valued there’s no deal. The first hand stories I’m hearing of ordinary working people losing money they don’t have is eye watering, the human and relationship fall out is heartbreaking.

[@hughiemg2]

I had a solicitor friend who came in to some money ask me if she should invest in crypto, my honest answer was that I don't know enough about the fundamentals of crypto to have any idea on whether it was a good idea or not. I said if you don't know what you are buying you might as well go to the casino and just put it all on red. Thankfully she didn't invest as it crashed a few months later

[@markkingproperties2237]

@@hughiemg2 as a trader I look at the underlying asset value, with property, gold etc they have that so as Gary said not a zero sum game like crypto can be, many people failed to understand this, I’ve had property losses over the years but still recovered 80% of the value, obviously with leverage the initial capital can be depleted.

[@rodneyfungus8249]

@markkingproperties Please explain what is he underlying value of gold? Essentially it is what someone is prepared today for it, just like crypto, or even US dollars for that matter. Many people have been burned by crypto and if you put to much of your capital speculating on an asset as volatile as crypto you are very foolish - even worse if you use leverage. I have do every nicely out of crypto, but only invested a small proportion of my liquid assets.

[@markcrisp07]

Avoid crypto and forex. No edge at all. At least leading stocks are huge brand names.

[@musicjuly3415]

To be fair, you got extremely lucky in the last 20 years and a number of events happened that no one could have predicted that have made property prices exceed extreme historical ratios. Property could well have been a zero sum game / done worse than inflation.

[@Pixeleen77]

I don't trade in anything yet, (you need money to trade) but you are brilliant. Honest, and full of rational sense. Thank you. And people must understand that there is analysis in trading. They need to read, to study. It's not just about potluck and betting. Your advice is excellent.

[@mq1563]

Theres mixed messages. Trading is basically gambling..Gary said so in other videos. But then tells us here that actually its very skilled and you have to be very clever to do it. It seems to me you mostly just need to be rich enough to gamble. Since anyone with a million can make money with little knowledge. 60k a year for every million is it?

[@mq1563]

Traders with enough capital are more like the casino owners then the punters. The system is set up so the casino never loses. They neither gamble nor require special super clever knowledge. They just can't lose.

[@rodneyfungus8249]

Drivel. Off course wealthy traders can lose money.

[@patrickholt2270]

“Wealth quickly won dwindles away, but if amassed little by little it will grow.” Proverbs 13: 11

[@samgerber1371]

Amen

[@aaa-gt8by]

If anyone has to consult the Bible for financial advice, they are in trouble.

[@patrickholt2270]

@@aaa-gt8by That shows how little you know. GG well played.

[@aaa-gt8by]

@@patrickholt2270 What you know is limited to the Christian Bible. How can you even compare yourself to anyone else who thinks scientifically?

[@patrickholt2270]

@@aaa-gt8by Thanks for more data on your ignorance. So as well as not knowing what you're talking about about scripture, you also don't know what you're talking about about Christians. Not that quoting Proverbs identifies me as a Christian since it's in the the Hebrew scripture. But hey, you keep dodging information and doing no research while you pretend you think scientifically, so you can jump to conclusions, unquestioningly believe in strawmen of other people and faiths which differ from yours, and instantly go ad hominem, thus losing. GG champ. This was fun.

[@doreensoutar5130]

Absolutely true. I am proud of you for keeping to your morals.

[@SealofProphets]

When you’re poor, struggling and have a family - you watch these videos looking for answers… and makes it much worse

[@Coachcamfanboy123]

But if you did not see this video, you could be struggling even more by attempting to trade.

[@aldozilli1293]

Just helped you dodge a bullet

[@nocapproductions5471]

@@SealofProphets i traded for few months. I lost money overall. I am an engineer who knows maths and i still lost. I think it is very difficult, almost impossible to trade profitably consistantly. Gary explain the reasons. Also, ordinary people aim for 10% gains while big hexge funds are okay with 1%. So in the end the guy who chases 10% will lose so many times that he will come out negative. While large funds wait for one opportunity per month, they get in and get out fast, get their 1% which is still hudge as their bankroll is in $ Billions.

[@LDacic]

It guides you, in an unbiased way, towards saving and investing (if possible) instead of chasing the quick buck and playing a game stacked against you. I'd call that a big W

[@albertodeulofeu5277]

Trade Options. Selling strategies will always beat buying strategies. Start there.

[@NoDetox]

Get those batteries changed in your fire alarm mate

[@erikhoogantink8529]

LOL I was searching in my house what battery was low with phone in my hand. Than I realized it might be in the video 😆

[@e.d.3729]

much needed video. i'd love to send it to about 4 people i know but i don't want to offend them by implying they've been foolish so I guess i won't. but it's a shame. thanks Gary. you have a real heart.

[@BigVBeatsShadowbanned]

I went this route of trading fx online, and its working... HOWEVER it took me 5 YEARS! If you get into trading, do it in demo first! Then when you finally go live, start with a very small amount of capital! That way if you lose your capital you dont lose the mortgage! But yeah.. 5 years demo trading before i could make a single penny live trading. Its not easy!

[@Harkz0r]

I'm curious, are you consistently profitable now? If so, have you managed to recover your original losses? I've drastically reduced my position sizing until I can prove that I have an edge, but it would be great as a long term goal to think that I would somehow be able to recover my losses. But I don't want to dig my hole any deeper, and I'm almost certainly not more well informed than people who live and breathe the financial markets. It might be better for me to quit while I'm behind, but my stubborn streak doesn't want to let me give up completely.

[@hond654]

Confirmation bias is a real thing - thanks for sharing the lesson.

[@KernitTheFont]

Love how I got a Trading Platform ad right after watching this video: 'This is how I became a millionaire, trading for just 3 hours a day' 😂🤦‍♂

[@hangarnut5660]

This story reminds me of parents raising kids. Here he is a professional trader and his friends thought they could do it better than him. He is literally thousands of hours ahead of them in his skillset, and yet they didn't listen to his recommendations. He is right on the money about how dangerous it is teaching people to be traders. You have to mentally be ready for this psychological roller coaster.

[@gooey2k]

As someone who comes from a sports betting background. I can vouch for this entirely. The biggest thing that separates winners and losers is discipline and sticking to a plan. The number of people who ask me for tips, and then the minute some of them lose they brand it as a load of rubbish and then proceed to bet on stuff I've not told them to do. Like he says, psychology is such that everyone thinks they know more than they do and can't simply follow instructions or commit to the discipline required. I'm sure Gary would agree, give either of us a bad strategy and we would make it work better than someone with the best strategy in the wrong hands. Anyone who asks I always say, best thing you can do is not bet. The best bets are the ones you don't make.

[@xenophon1999]

You're a great guy Gary, you're someone that could make millions form your image as a working class lad turned successful trader, suckering people in with paid for advice and tips. But you don't, you tell people the unpopular truth, that there is no sure fire get rich quick scheme, and that the real answer to their problems is to enact political change that will make the economy work for ordinary people. One of the greatest coups the ruling classes ever pulled was to sideline working people from politics through apathy, so many people I talk to see no reason to vote because "they're all the same" and "I don't see any benefit from voting myself so don't bother". They don't seem to understand that this apathy allows for those in power and their friends to take everything. Anyway, keep it up Gary, I hope that by continuing to give out the unpalatable truth to people they might start to wake up.

[@aluisious]

That's not true, there is a sure fire get rich quick scheme, it's called theft. Politicians love it, business executives love it, KZbin trading gurus love it.

[@Mona-ze9ze]

Gary, thank you for taking the time to inform us common people on such matters!

[@Hebdomad7]

0:48 replace your smoker alarm battery mate.

[@mattsennett]

A great video Gary and the human side of trading is so important to understand. My experience is that we don't take advice that well and only really learn from our own mistakes. This leads many people to get burned, talk negatively about the markets and never come back. A crazy mindset as it's a proven long term safe haven for the patient and sensible investors 👍🏻 Trading is different to investing as it's all about timing the market rather than time in the market. Yes it can be done and scalping a bit here and there is fun when it goes well but is no substitute for long term investing.

[@chloesinclair8056]

Great video and so important. I’m seeing these trading apps being advertised to people here in Brazil “trade and make profit in dollars”. It’s so dangerous and there’s very little real information available

[@Jenny-m6k2f]

honest guy who is the first person to even think about helping the system work better for the poor

[@TomNook.]

Most people should not trade as they have no self control. My stock portfolio has been a roller coaster the past few years. If I bet big when everything looked great (stocks rising) and called it a day when things were plummeting (selling at a loss), I would be doing everything wrong. The stock market is about going against the crowd. The market is a human reaction to companies, not the actual value of the companies themselves.

[@keepitbluezola]

Love how this is explained, without being condescending. I’m one of the lucky ones and have assets. My advise is to anyone, start your own business and enjoy the ride..

[@Jwinius]

As opposed to "trading", which is short-term and high risk, I would advise careful long-term investing on the stock market, investing equally in 15-25 different companies for further risk reduction. It won't make you rich quick, but it's much more likely to get you there in the end.

[@MoneyTechnician]

I'm not envious of the way Gary has made his wealth. He's clearly put a lot of time, energy and knowledge into getting to where he is now. What I have a huge amount of respect and admiration for is how he's dishing out honest advice for free to everyone in what to do and what not to do in what appears to be an attempt to right the wrongs of financial inequality. He's got rich and he's seen what it does to people and it's refreshing that someone like him has wealth but also has a heart and conscience intact. He could easily cash in and forget about the world but he's stuck around to do his bit to help others suffer less under financial pressure.

[@RajvroTekam-ep5zf]

To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Norman Vitalii focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. His skills set is top notch.

[@glasgowscorsese]

Traded on and off since i was got the bug studying Economics at school.(worst school in Scotland according to tables and here was I studying economics) So after say after 34 years of that I can whole heartedly agree with Gary. It's hard and really you need information that other people don't have. I'd describe it as similar to the grand national where both the jockey and horses are blindfolded and nether know where the fences are. Trade for any amount of time and you will lose.

[@1Downsy]

Brilliant ,as one was exactly as Gary describes for us mere mortals it's a mugs game. The whole system is geared for the masses to lose money, not make it. You'll need to have lots of money to maintain a good trading margin, and if you have that, why trade? Thanks again Gary.

[@jamiebond6349]

Fair play for telling it straight, Making money through trading is not a licence to print money as some 'successful traders' like to pretend. That's why 'successful traders' like to sell their course rather than continue to 'make fortunes' from trading. It's just too difficult.

[@IzraelZauceda]

Considering the current market conditions, AMS89K appears to be massively undervalued

[@nellyb.9340]

Gary you sound like someone who really wants to fix the economy and people to support you and you have my support. That doesn’t mean that I don’t want to get into the hype and make a lot of money; it just means that I want to listen to someone who genuinely cares and understand poor people and the difficulties they face. Also, I want to listen and learn from someone who knows what I don’t know and has been where I haven’t such as into trading and economics

[@jangofandango7095]

Had a former colleague coming to me crying bc he lost his life savings on GME and crypto. So many young people got trapped during COVID. So much cynicism. You are a hero Gary. 🙏

[@Rayzco]

gme went up??

[@Harkz0r]

@@Rayzco It also collapsed. I was so close to shorting GME during the 2nd Roaring Kitty comeback, after the earnings came out early pre-market and it started to tank. But I sat there and watched as it collapsed, predictably, like a stacked house of cards. I made money on a few scalps but lost it later anyway. I'm starting to think I would be a lot more profitable as a swing trader than as a day trader. I've only lost money doing the latter and was far too slow to come to the realisation of what is already known common knowledge - that most traders will lose.

[@ezi_e8328]

I’m 22yrs old all I can say is thank you for that reality check 😔🙏🏾

[@TamDNB]

Thanks for this Gary (think your fire alarm could do with a new battery btw)

[@Syntax753]

New to the channel and loving the videos! Thanks for the hard work putting these together

[@Molemole7]

I was very successful in covid I also betted in assets going up took a massive risk on BTC and alt coins cashed out just before the blow out top (thank god) I learnt market manipulation and has been my biggest asset to date now I'm a lone trader they going one way I watch I wait I execute. Your videos are pure gold Gary 🙌

[@Crazysamyaksm2009]

As a new investor, it's important to remember that investing and trading require more than just technical analysis skills. Discipline and emotional maturity play a significant role in achieving success. It's wise to keep in mind the adage of "time in the market vs. timing the market," as this mentality can help you weather market volatility. With insights of Norman Vitalii and my commitment to learning and growth, I've been increasing my earnings in just a few months. Keep up the good work

[@warrenHughes7]

Change your smoke alarm

[@edglue6138]

Just the 9v battery

[@reverencee]

wish i found you when i started trading last year. what you said is true about people and their "gambling mindset" especially in the first months when they experience it, not realizing you are going against literal and actual traders from funds and banks and not the nonsense you see on youtube

[@mikeharvey9811]

So much respect for your honesty and integrity, thanks for this. Barb

[@elenalynch1733]

Must watch for all wannabe traders. Wish I saw it before I lost £250, at least I knew where to draw the line, many people don’t. Thank you, Gary, please continue teaching life wisdoms.

[@LeoTheo83]

Limiting risk. Key word.

[@plantfuelled8912]

Excellent video. I was immediately put off trading by the idea (for example) that you can actually sell Gold, but not actually have Gold. Nuts. Got £100 in a trading account and just play with it for fun, will never trade anything more.

[@innerstice]

You didn't teach how to trade Gary, you taught something much much more valuable than that. Every person should watch it, thank you!

[@henrymitchell9717]

This stuff isn’t easy but it’s possible with the right info and mindset!

[@chrislite9804]

Hey Gary, Trading isnt gambling. You were fundamental analyst trader. Youre different from a technical analyst retail trader. It will be difficult for you to make that transition to becoming a retail trader and doing all the technical analysis cos that wasnt your forte. I agree that making money as retail trader is difficult, but not impossible.

[@xmonikerhotmailcom]

Exactly. TA only has to work 51% of the time. The hardest part of trading is having the balls to be brave enough to follow your rules and take the chance to go in.

[@chrisyoung1821]

Don't kid yourself the pros have access to information and technologies that fundamentally handicap retail investors and retail will always be the bag holders for the pros.

[@peppercorn4196]

Dude he's literally waiting for the right pitch no matter how long would it take

[@chrislite9804]

@@chrisyoung1821 are you saying there are no retail traders who are consistently profitable?

[@elemar7365]

@@chrisyoung1821even with all the tools the pros may have, if you know the direction a specific market has for a given amount of time, and you know how to manage your timing and risk, you will make money. Don’t get sidetracked, I think Gary’s video is the best any trader should give, about trading, because trading is what it is, a rigged game, but that doesn’t mean you can’t be profitable for periods of time in it and diversify your gains from it afterwards. You need to learn how to dose it, like anything, as good relatively risk-free opportunities show up at least 2-3 times a year. Trading every single day, long term, you will not survie, no, not even Gary could keep up with it… So you just have to work with what you have and know your limits, run away and survive with the bags at the right moment. This is the hardest thing to do and this where everyone loses their heads, and money.

[@danbreault]

It’s crazy that you cant stop scammers in comments as you make videos about scammers telling us how to not get scammed and here they are scamming. Btw, you’re a beautiful human who is actually doing something truly impactful. Thank you for your videos

[@mahon257]

thank you Gary... pearls of much needed wisdom. i've been building a horse racing system for several years. Luckily.. one of the first decisions i made was to build a simulation system to test my theories.. in short.. it doesn't work.. so i don't bet.. doesn't stop me trying to make it work though.. but.. much like trading.. its a huge amount of work..and even after all the work it still doesn't return a profit...

[@megaskyburst]

There’s huge randomness involved in racing. Most systems will only work in the very short term By the way. How do you simulate a system?

[@MrTynanDraper]

@@megaskyburst If you can get access to historical racing data you can buid a system that will backtest your strategies on that historical data. I do the same with stock trading systems. The quality of that historical data is very important though. .

[@AnUnfortunateScalper]

here after Insider clip , cannot wait to see your previous content and next ones. Much appreciated.

[@T1tusCr0w]

Great video. I’ve done the same for people. I’m a pretty informed on tech and gave some friends ( not poor guys I might add ) some trades. Just time sensitive provisional things. Example, I said that for about a month Nvidia stock will fly up. Until people see 1 -the 4080 vs another rival card at a close price point & 2 - their server solutions are not as heat effective as a competitors. This was a lot of reading, understanding, and some guessing, but educated guesses. It was a 35% ish jump so very nice. I put a big sum on. My friends putt less on and it turned over nicely. So then I’m getting msg’s - where do we go next? - so I said…the bank! They didn’t like it. Thought I was holding out. So like your video said now convinced they are expert, they bet on various things. Over 2 weeks whatever they had got eroded from stupid jumps and jumping again with no info behind it. So now they are like -save us man! I lied & said I was out due to the downturn of the market - blah blah.. so they took the small losses. Got out not that happy… I regret telling them about it at all. I think I made it seem far more easy & straightforward than it was. 🤦🏻‍♂️ Now I say if asked - trade on your fundamentals! I won’t elaborate. 😐

[@Archibaldrafael99]

Ehrlich gesagt haben viele motivierende Milliardäre auf der Welt, sowohl Amerikaner, Europäer, Großbritannien, Asien usw., ihre Erfahrungen, wie wir nacheinander sehen und hören können, aber was zählt, ist Ihre Einstellung und ein zuverlässiger Mentor, der Ihnen immer einen Weg weisen kann.

[@producermichael3480]

After so much struggles I now own a new house and my family is happy once again everything is finally falling into place! and I pray that anyone who is reading this will be successful in his or her life!!!…..

[@MadeleineGaston]

I'm 37 and have been looking for ways to be successful, please how??

[@DennisDerek-ep1em]

In times like this you need a good expert like Sophia chandler to help you get through.

[@AnnaW.Mosquera]

😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!

[@NatashaJ.Bunting]

The economic hardship, recession, unemployment and the loss of job caused by COVID pandemic is enough to push people into financial ventures.

[@JohnathanK.Smith14]

Trading without professional guide...Huh I laugh you, because vou will remain where vou are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders

[@gertvandyk954]

Agree fully. Day traders dont have professional tools like bloomberg or reuters to begin with. Alot of analytics and information is missing from especially mobile trading plarforms to even begin to make any kind of informed decision in trading. Data is gold when it comes to trading. I worked in the market for 10 years... Citi bank was one of my clients. The average person cannot comprehend what a commercial dealing room looks like.

[@MeiinUK]

A lot of the mobile app trading is actually part of the likes of Alibaba which the Chinese government tried to stop people from doing. So then the US side ended up actually... Allowing this company to list. But of course, the Chinese netizens aren't playing ball. It means small indie traders end up being rented individuals.... Despite equal to equal statuses. It's created another level of divide.

[@jagolago-bob]

Only 42k views, but 127k subscribers. How does that work? More people need to watch and be aware of the way the system works. That's the only way: to educate people and to help society. Good advice, Gary. Keep up the good work! I did invest in crypto in 2019, so I'm still way up, and I think there are some use cases using the blockchain, so I personally won't dismiss it. I realise there's plenty of junk out there, too.

[@andrewtaylor6737]

What coins do feel have a future? I've got some of the rubbish ones, thinking of dumping them!

[@jagolago-bob]

@@andrewtaylor6737I'm not a financial advisor, and I'm not going to recommend one to you, because I don't know any. 😀 You just have to look at the real-World use cases for the cryptos (that's what I do). Whether it be as a currency, or as something that can replace a less useful and expensive part of doing business that can be automated. It takes a lot of research. I've wasted/spent a lot of time over the last 5 years over this. Nobody is paying me for that. My payment (in theory, well, hopefully) will be at least some sort of financial security. It is as Gary says, a form of gambling, just as the stock market is. Do some due dilligence and you increase your chances of doing well. Gary worked hard. If you have some junk cryptos and stocks, and you're not sure why they are performing well or badly, then I would sell them (especially if you're in the black), then start learning. After a while you should be more confident in choosing something, and then reinvest, maybe...

[@jagolago-bob]

@@andrewtaylor6737 Interesting. I gave you a reply, but someone has deleted it. There was no financial advice in it, and nothing offensive, either. Cancelled by somebody.

[@andrewtaylor6737]

@@jagolago-bob Interesting, sounds like they don't like Crypto!

[@vinnystone2991]

Thank you Gary , I’ve recently started watching ur videos . I love ur content mate . It’s generally negative information but the ugly truth is better than a beautiful lie , you have really opened my eyes on why I shouldn’t trade as the time and commitment I have to put in would be far less than someone who is a full time trader . It really does feel like gambling and I hope this gets a lot of exposure to wake people up .. your a legend !

[@hilaryporter7841]

I think the message of Gary's video is 'Get into Politics, not trading'.

[@JM-yf3ol]

If you look a the wealth this nation and its people have, it came from politics. The decision to create an NHS. The mass house building after WW2. Schools and universities. And on and on. We'd be better off acting collectively to affect politics and create shared prosperity.

[@TomNook.]

Yep! Look at Michelle Mone now, she never traded yet somehow gained hundreds of millions in the past 2 years!

[@megaskyburst]

@@TomNook. she’d already made a lot of money in fairness, she built a very wealthy company I believe

[@hilaryporter7841]

@@JM-yf3ol People power is massive, thats why the billionaire media and press, continuously divide to conquer, they set one group upon another to divert attention from the fact that all of the assets are moving more and more to only the richest. They are so good at this technique that they double down on it and the people's minds are consumed with refugees and race hatred instead of the fact that the rich are systematically stealing assets from the population.

[@hughiemg2]

@@megaskyburst she did, which was her entry ticket to a seat at the table where the real opportunities are dished out!

[@gemmas5962]

Absolutely amazing video thank you Gary for talking complete sense in a world that is currently full of craziness! More people need to see your videos.

[@Libertarian606]

Lol, the same thing happened to me psychologically using CFDs. Made £60k in six weeks on paper, didn’t sell at the right time and then chased the profits that in my mind were my absolute right. Two months later I’d lost every penny I had in the world, £65k. Ended up losing my house. It’s a dangerous world out there. I honestly think if that trade had worked out and I’d have got my £200k target I would have eventually ended up in even worse trouble, probably bankrupt. When I think of that time I shudder. I’ve made myself comfortable by other means now but I’ll never do anything like that again.

[@boandonoff4026]

I feel your pain, I lost about £15k, it is a much lower amount, but to me at the time was everything. Now I'm back to saving with a sound plan for a few years ahead. I keep telling my partner it was a lesson, albeit expensive! The silly thing is most of my trades were actually very sound and went in the right direction, but that rush of constantly chasing new positions and volatility on CFDs or speculating on commodities and leveraging indices for quick gains is very enticing. People are prone to gambling, very few people can have the patience and strategise to be successful. Best of luck in your financial recovery!

[@Harkz0r]

@@boandonoff4026 Yes, I was the same way. In total, full disclosure, I'm about £40k down on CFDs, I no longer trade such risky positions. (I still do spend a hundred or two a month on futures prop firms, if I feel the itch.) I remember one time like an absolute idiot I tried to trade NVDA earnings and got stopped out at -£8k. If I had held that position, with its original leverage, today I would be up 6 figures, and wouldn't even have got margin called because the entire dump got reversed and to this day it never again visited that price. I'm still salty about that. I probably wouldn't have held it all this time but I would have made good money. Wiped out all my losses and then some.

[@FaceI3ss]

This video should be on every trading platform and your must watch it before you place your first trade

[@JonnyProsser]

Excellent video and great advice as ever Gary. Top man.

[@garyseconomics]

Glad you enjoyed it

[@trickeyt.v96]

Great advice , its rare that to hear such wisdom on youtube. Thanks for sharing 🙏

[@stevosd60]

Good on you mate. Just caught your bit on BBC talking about the Tories levelling down strategy... Like trickle down. Trickle up more like it. Good stuff 👍

[@upfulsoul826]

This was sage advice. You deserve way more views.

[@Biincg]

I love your soul, Gary. I strongly feel that the words coming out of your mouth, directly come from your heart. I just discovered you on your LAD Bible TV interview, and I have to say that hearing you talking about trading…. made me change my mind about it… It's been a month now that I'm learning as much as possible about future options, to turn my life around, but now I see it, thanks to you. It's really gambling. I didn't want to believe it. I will find another way to attain my dream life. Thank you, Gary.

[@NkMeena-i3r]

51 years old. I have $295,588.25 in my Fidelity retirement account. I cranked my contributions up to 35% with the help pf Norman Vitalii. Fidelity just holds my ETFs/stocks. I made that change earlier this year. I'm hoping to end the rat race by 60 but it's looking more like 63-ish. I want to have $1.5M and bring in about $60k in dividends each year.

[@itsamess3216]

I’m puzzled why you say “buy gold” falls in the category trading. I love your channel, your soul and believe more people like you to become more vocal. Watching the Netflix documentary “inside job” makes me realize even more that we can’t expect anything from politicians 😢. We need a revolution, a big one.

[@gerardm7514]

Most retail traders lose their money because they adopt a strategy of dollar cost averaging i.e. increasing the size of their bet as the price moves against them. The problem with doing this is that it actually works a lot of the time thereby giving the novice or newbie trader the belief that they can actually succeed. However when the price does not recover and you have a big red daily candle, emotion takes over and a retail trader will typically close out for a massive loss cancelling out all their previous wins and more in the process. This is a cycle that repeats over and over.

[@Harkz0r]

I mean in terms of index investing, in a bull market every big red candle is just a buying opportunity. 3 times now I saw daily RSI on NQ/SPY reach the 30 level and I contemplated investing my personal funds in it, and I would have seen about 20% gain within a few months. Especially when the yen carry trade was collapsing and the VIX spiked above 60. That was a clear contrarian buy indicator. But of course I don't have a crystal ball and I have been burned before in trading so I let the opportunity slide, again. But in the long term, the only index I've seen collapse and stay collapsed is the Nikkei when the Japanese bubble economy died, and even then that reached a new all-time high this year.

[@sophiec3592]

I’m a single mom with that made a ton of money in 2020, the first one my whole family 9 of us to do so. Thank god, because without investing I don’t think I would have back up money to survive in today’s economy. Looking forward in learning from you.

[@aaronmel370]

Honestly , lots of motivational billionaires in the world both Americans, Europeans, United Kingdom, Asia etc. have their experiences as we can see and listen consecutively but what matters is your mindset and reliable mentor who can always create an avenue to guide you.

[@frankadrian10]

knowing the fact as a beginner, how can i start this process?

[@Archibaldrafael99]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.

[@DioneeAmadluk]

Yes,Perfectly with, @mapstephybeck Actively

[@frankadrian10]

Telegram?

[@Archibaldrafael99]

Absolutely right, she got time personally for her teachings , advises and directives, for me it's more reliable.

[@TsetsiStoyanova]

You live very humbly, considering the amount of money you make!

[@Athanael777]

"Trading is gambling" 🎯

[@alharosh]

Then stay away..

[@shadowxxxyt9589]

Rubbish......

[@FatHeadedZebra]

You must be mad to trade part time.

[@jezlawrence720]

Never bet more than you can afford to never see again, ever. If that's a tenner, then so be it.

[@ollie2052000]

Educated gambling.

[@davidwells6525]

Props to you for speaking truth, that's a rare quality these days.

[@adammm46473]

Wow I appreciate it man. I didn't expect this video to be like this, but you gave the best advice I've ever gotten

[@shivekkumar908]

As an advisor, investor and partner, I'm impressed by the thoroughness and professionalism exhibited by all of Norman Vitalii principals. In particular, their depth of knowledge in diverse disciplines as construction, operations and asset management is highly advantageous. Their focus, integrity and attention to details makes us very comfortable doing business with them

[@roflepiclol]

Came over from the Insider segment to your time as a trader. What an insight to the horrific mentality that goes on in that world. Really commend you for putting this channel together to share your knowledge and experience. Wish you the very best in whatever life brings you Gary :)

[@EarlCo]

1) "Don't." 2) ??? 3) PROFIT!

[@elemar7365]

Trading stops being gambling when the trader knows to wait for good market delivery. The rest of the time, it’s all the gamblers feeding the market fuel for said delivery afterwards. All it takes to trade efficiently long term, is patience. That’s it, and yes, it’s hard, and most simply can’t do it.

[@chetanrawal1488]

Norman Vitalii puts me in a position of strength as the CEO of my investment "company". I especially love the year-end reports to see how I've done vs. the professionals or the S&P. IAM reports cover so many aspects of portfolio management! Keep up the good work

[@BigHenFor]

Thank you for putting reality before clicks. Please keep hammering home the reality.

[@begusaraigaming2732]

As an individual investor, I haven't found a better program for monitoring my various accounts and Norman Vitalii is invaluable for keeping a running account of dividends and cap gains - so critical to one's estimated tax payments and year-end tax planning

[@eliotbicak8296]

You deserve to be at the top of this niche of KZbin, so that everyone on this platform can hear your words. So many people think that they can make an account of a trading platform and turn their last $1,000 into millions of dollars.. It is a losing proposition and MOST people are losing money. It is even worse when they have one winning trade out of pure luck, and yet they think it's all skill and they're going to be super wealthy... Thank you for your content!