The Scam Of Day Trading

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Commune Capital

Commune Capital

Күн бұрын

Пікірлер: 982
@TheSilentWealth
@TheSilentWealth Жыл бұрын
"The easiest way to make money, is to tell people how to make money". Best statement ever.
@ivanklochkov3444
@ivanklochkov3444 Жыл бұрын
This is the best description for most modern ads. 😊
@DubaiiMakavelii
@DubaiiMakavelii 11 ай бұрын
Thisssss
@pi1392
@pi1392 10 ай бұрын
Every youtuber trading guru here.
@chyeaOGKush
@chyeaOGKush 9 ай бұрын
isnt that exactly what hes doing..
@Crroow
@Crroow 8 ай бұрын
Not to forget, all the platforms that exist today, when basically anyone can reach an audience of millions with just a few button presses. We have to wake up and realize that these teach giants have us in an iron grip and makes us dependent, which at the same time brings out the worst sides of people.
@undueyyy
@undueyyy 8 ай бұрын
If something is too good to be true…it usually is.
@bingbongho1175
@bingbongho1175 4 ай бұрын
day tading is not too good, it is very very difficult, if it was easy this idiot wouldn’t be making this video
@TriadTradingOfficial
@TriadTradingOfficial Жыл бұрын
Daytrading itself is not a scam. But there are a lot of scammers in the industry. My experience and many others have proved it is possible to make money in the markets
@samuelmunoz906
@samuelmunoz906 4 ай бұрын
Stocks or Forex? What broker do you use? Every single research have horrible reviews.
@christiancoleman5870
@christiancoleman5870 3 ай бұрын
Do you watch Imantrading?
@adamelghalmi9771
@adamelghalmi9771 2 ай бұрын
@@samuelmunoz906 forex is hard to get, and is really unpredictable, but you can make a bit of money doing it if you know what to do, especially with funded accounts these days
@mondon4418
@mondon4418 Ай бұрын
@@samuelmunoz906 he is a scammer too no one is profitable long term day trading only people making money is the prop firms youtubers getting payed by them and making courses and the institutions that trade properly using machine models on terabytes of data
@oceanwave4142
@oceanwave4142 26 күн бұрын
Diamond hardness level is 10, day trading is 11 but it surely is not a scam. Most people who sell courses are scammers. People who have a strategy that works keep it for themselves.
@jameslinmd
@jameslinmd 2 жыл бұрын
Day trading isn't about "feelings". If you trade with "feelings", "beliefs", "lucks", or "hopes", you will lose.
@arsenalmanic
@arsenalmanic Жыл бұрын
its bogus, it's either promoted by scammers or naive gullible fools.
@Sdm-ot7op
@Sdm-ot7op 4 ай бұрын
@@arsenalmanicu just dont know how to do it so leave it alone 😂
@mondon4418
@mondon4418 Ай бұрын
@@Sdm-ot7op you are not profitable long term "day trading"
@Sdm-ot7op
@Sdm-ot7op Ай бұрын
@@mondon4418 go to school
@jamesanthony5066
@jamesanthony5066 Ай бұрын
@@arsenalmanic I'm a daytrader, making $5k a day most days. Very difficult, but not a scam. Mostly just being disciplined enough to only take 1-2 trades a day.
@ramirorodriguez4434
@ramirorodriguez4434 3 жыл бұрын
As soon as he said you need 25k to be a day trader I knew his research skipped over the fact that you can use a cash account to day trade and grow $500-1k account by day trading I’ve seen people “gamble” their account to thousands of dollars risk management and proper guidance is wonderful
@PhilWong-d1h
@PhilWong-d1h 2 жыл бұрын
@@mmmtheta4199 yes they do..if you know anything about options you would know thay most traders start off with a cash account
@mvib1604
@mvib1604 5 ай бұрын
Yeah he's generalizing a bit, and missing lots of info...
@Georgek7772
@Georgek7772 3 ай бұрын
No he doesn't. You can grow your account by making 3-4% profit daily. Which is not difficult just takes few months to achieve that goal. Start with 1k and be discipline. Don't shoot to the moon. Small profit daily will bring your account to 4-5k
@joshr920
@joshr920 3 ай бұрын
@@Georgek77723-4% daily profit 😂 sure buddy. What % profit would that be over a year? Well over 1000%
@HX3ne
@HX3ne 2 ай бұрын
@@Georgek7772yea okay🤣 how’s that consistency aspect going?
@leonardomendoza2126
@leonardomendoza2126 2 жыл бұрын
day trading if done right is insanely profitable. super hard at the beggining though, almost impossible. you will lose all your money over and over again before you become profitable. I can understand how people can perceive it as gambling because it is gambling, but only when you start and dont know nothing. if it was gambling all together, beginner traders would be profitable 50% of the time and so experienced traders, but it is not. it is all of the beginners who lose money continuously.
@StenellaFr
@StenellaFr 9 ай бұрын
poker is gambling too. but very experienced poker players win most of the time when they play with rookies in the same table. so your 50%rule is valid for neither gambling nor daytrading.
@MrMartellSincere
@MrMartellSincere 3 ай бұрын
That's Idiocracy to invest into something foolish losing money 😅
@Teen-Tok-Shorts
@Teen-Tok-Shorts 29 күн бұрын
The stop loss and take profit, take away the gambling aspect of trading. Plus these forces you to put in a good buy order
@MrMartellSincere
@MrMartellSincere 29 күн бұрын
@Teen-Tok-Shorts that's foolishness to lose money 😒😑
@therzook
@therzook 3 жыл бұрын
when you are afraid to trade or to hold a position, means that risk is too high and have to immediately close your positions. Do not ask me how I know...
@cscs9192
@cscs9192 3 жыл бұрын
The reason traders in comments want you to day trade, is because its YOUR money they live on.
@thomasstanley3555
@thomasstanley3555 3 жыл бұрын
how ?
@vilemtuma4733
@vilemtuma4733 6 ай бұрын
Because you are the liquidity they need to profit
@vilemtuma4733
@vilemtuma4733 6 ай бұрын
​@@thomasstanley3555trading is zero sum game-somebody to win has somebody to lose, you are the one who lose...
@quintonmaldonado8368
@quintonmaldonado8368 5 ай бұрын
Partially, thats a drop in the bucket compared to institutions at this point. People know nathannnn.
@EM-od6gu
@EM-od6gu 3 ай бұрын
I know 2 day traders who make a lot of money. I know practically nothing about it. I am now learning. To me it’s simple, try it without real money and see how u do. If I try it NO WAY am I putting a dime in it before I see if I can do it first
@adrudds
@adrudds 3 ай бұрын
Exactly that should be common sense
@lovelehstuff
@lovelehstuff 3 ай бұрын
Then u put real money and all your data shatters at the first loss. It's not a scam but it's nowhere near as easy as u just made it to be
@paulforsell1439
@paulforsell1439 2 ай бұрын
It’s not easy until you feel and experience Great loss and pain . So by definition that’s not an easy pursuit
@fxlineardynamics
@fxlineardynamics 2 ай бұрын
​​@@lovelehstuffthat's right, you have to study price movement and the way the charts move. If you start with liquidity before running a simulation, not becoming acquainted with the right indicators, and interface you're going to lose big time. I saw one guy on YT promote live trading vs. paper from the get go, very foolish.
@lovelehstuff
@lovelehstuff 2 ай бұрын
@@fxlineardynamics putting in real money from the get go is dumb but after mastering the basics and your risk management you have to put in a little money to get a feel for your emotions and risk tolerance. Trading is a very delicate game to balance
@justincarl2385
@justincarl2385 3 жыл бұрын
I'm a profitable day trader.. But becoming profitable isnt easy. Expect to lose money at first. It took 2 years of alot of study, tinkering, ups and downs to finally make 20% in a month. For me, its not about the money.. Its about the trading plan and execution. One more thing.. Long term investing is a gamble as well.. just like anything in life. It works for some not for others.. Day and swing trading has made me more money than long term investing by a long shot. On that note, Day trading is not for everyone. Also.. I dont get a Dopamine rush day trading. Wish I did though lol. Thanks for the video and happy endeavors!
@Anony584
@Anony584 3 жыл бұрын
Only if you get day trading right, it’s profitable. 8/10 day traders would probably make more with long term swinging or just buy and holding
@Engagenumberone
@Engagenumberone 2 жыл бұрын
I agree. Day and swing trading is profitable only if you have discipline. Discipline to harvest your losses as well as your gains when necessary.....without emotion. Think about it, the act of just leaving large positions open overnight is the height of arrogance. You don't know how the market is gonna open. It's like leaving your cash in an open safe in the middle of a busy mall, you're hoping and praying that no one takes your money while you're away doing other things.
@dillonkanerose
@dillonkanerose Жыл бұрын
Absolutely golden comment
@bloxer9563
@bloxer9563 Жыл бұрын
@@Engagenumberone I agree but also disagree
@paulforsell1439
@paulforsell1439 2 ай бұрын
Perfect comment . I don’t get a rush until the trade is closed and then it is short lived . It’s just execution then anxiety then relief and then a second of pumped up joy lol
@dannyvera8475
@dannyvera8475 2 жыл бұрын
I have been trading for about 11 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points. I try to do top-down analysis but it doesn't work for me. I say to myself, clearly, I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless
@georgecooper8750
@georgecooper8750 2 жыл бұрын
Your problem could be your stop loss is too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
@danieljamal3709
@danieljamal3709 2 жыл бұрын
Don't listen to him, don't give up. Trading takes time, months, even years to master, even the pros learn every day. Nevertheless, if you lose money no matter which side you take, maybe you need to look at how you are managing active trades rather than how you are entering them. My advice, find a mentor. And also, try incorporating the use of oscillators, Bollinger and pivot points into your strategy. And most importantly move to higher TFs(4h or 1D preferably)
@dannyvera8475
@dannyvera8475 2 жыл бұрын
You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves. Instead, they go a few pips in my direction, then go against me when I try holding them. Also, my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
@danieljamal3709
@danieljamal3709 2 жыл бұрын
My consultant is *PRISCILLA DIANE AIVAZIAN* I found her on a CNBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online with her name if you care about supervision. I follow her trade pattern and haven’t regretted doing so
@henrygarcia1792
@henrygarcia1792 2 жыл бұрын
Thanks a lot, I will do that immediately
@michaelj.pasley5283
@michaelj.pasley5283 3 ай бұрын
This video is offensive to those who have put in 10s (or in my case 30) thousand hours of hard work and use their trading profits to help people who are struggling. Day trading, if done correctly, isn’t gambling... it’s being the house. The house always wins. The house in day trading is the profitable traders and the gamblers are the losing traders. I’ve won 105 out of the last 108 weeks. Very consistent and that isn’t gambling, it’s just another way to make income.
@paulforsell1439
@paulforsell1439 2 ай бұрын
So true. I win 95 % of my day trading sessions . How is that gambling ?
@fxlineardynamics
@fxlineardynamics 2 ай бұрын
Exactly. Some of the things that he talks about like greed and being impatient, are accurate. But some of the other things that he's saying just don't make any sense at all, study the charts, look & see what price reveals. Right setup with monitors, correct relevant indicators, right time frame, and being adaptive & flexible with your trading style (strategy) will give you edge. I think most people that try day trading fail because they don't put any real effort into it researching it and doing their homework.
@lamson1990
@lamson1990 2 ай бұрын
@@fxlineardynamics where do you do your homework?
@m52trader
@m52trader Ай бұрын
⁠@@fxlineardynamics I agree. One thing I’d like to add is that traders tend to trade various instruments and products to hit bangers, which has higher failure rates. However; If you consistently stick to one or two markets for a while, you will develop a very good understanding on how it moves. This takes a large amount of Time and patience. This is when trading becomes less of a gamble and more of a business.
@30Secretzzzz
@30Secretzzzz Жыл бұрын
Everything he said was correct, BUT only applies to people who don’t know what’s going on. A professional will make it hard to blow an account because he knows exactly what he’s looking for & has protocols (specific instructions) for when things don’t go as planned. It should indeed be boring, if it isn’t you’re not ready yet 🤷🏽‍♂️. Great video btw.
@guyhamiltonyt
@guyhamiltonyt Жыл бұрын
Keep telling yourself that 😂
@quintonmaldonado8368
@quintonmaldonado8368 5 ай бұрын
Tell yourself something long enough it might become true. Don't listen to work tongue. Im glad i didn't listen to people but it took me alot longer than i thought it would.
@trade5149
@trade5149 3 жыл бұрын
As a successful Day Trader I love watching these videos. While it is gambling, a successful day traders goal is to control emotion, it isn't to 'ride that high'. If he/she is 'riding that high' then they have already failed. I can totally understand your paranoia. After all 90% of traders fail, and it's hard for the 90% to accept that 10% can do what they cannot. I really wouldn't recommend day trading to anyone who thinks it's a get rich quick scheme. It's a marathon, not a sprint. Edit: a word
@AlexTuck
@AlexTuck 11 ай бұрын
Right. Took me 3 years to figure out a strategy and become profitable. That is why 90% fail they just put money into the markets wherever without any risk parameters or proven strategy.
@bdml77
@bdml77 8 ай бұрын
No one cares about your edit.This isn't reddit
@paulforsell1439
@paulforsell1439 2 ай бұрын
I figured out a successful strategy right away which is crazy but it took a year after that that to realize it was successful and to return to it lol
@dandan9175
@dandan9175 2 жыл бұрын
I like the adrenaline of day trading. I've been educating myself with books for some years now and started day trading in November. There's a big difference between reading and practicing on a simulator. What you read must be putt in practice otherwise you're just shooting planing to fail. First day was terrible but I got the hang of it fast bks I like what I do. Day trading is not a scam. Those who have discipline, manage risk, and learn from their mistakes survive in this game.
@is-smct26
@is-smct26 3 жыл бұрын
You should only be trade if you genuinely love the idea of trading and the way the markets work. DON'T TRADE JUST FOR MONEY BECAUSE YOU WILL FAIL.
@thedeadpoet_33
@thedeadpoet_33 2 жыл бұрын
Don't trade just for money? Why else would you trade? I'm not trying to be smart here - I want to learn - but I can't think of any other reason why you would trade but for the money.
@is-smct26
@is-smct26 2 жыл бұрын
@@thedeadpoet_33 Passion
@is-smct26
@is-smct26 2 жыл бұрын
@@thedeadpoet_33 Note: this is for beginners/newcomers. The best way to go about it is just treat it as a hobby at first, and if like it (meaning you like every single asspect of trading, whether that be looking at the charts, looking for patterns, marking up S&R levels, ...etc.) then continue doing it. if you continue to hate it and don't love it at all and you just want to make money from it reconsider if it is for you or not. Just for example, you have to love it the same way someone loves video games.
@is-smct26
@is-smct26 2 жыл бұрын
@@thedeadpoet_33 I know money is the main reason we trade. I mean why else would we be trading lol? What I'm trying to say is that it can't be boring while you're doing it. When people have that experience, they most likely will give up in the beginning.😎👍
@basseverexclusive8047
@basseverexclusive8047 11 ай бұрын
​@@thedeadpoet_33its like u dis something opposite than typical people do..
@nimakaram136
@nimakaram136 2 жыл бұрын
My biggest win is when I stopped day trading! Day trading is gambling…
@DubaiiMakavelii
@DubaiiMakavelii 11 ай бұрын
Really?
@dillonherrmann7686
@dillonherrmann7686 9 ай бұрын
Buddy wasn't cut out for it lol
@teeball5523
@teeball5523 9 ай бұрын
It's a license to steal by brokers
@Jacob_S13
@Jacob_S13 8 ай бұрын
Keep lying to yourself :)
@quintonmaldonado8368
@quintonmaldonado8368 5 ай бұрын
He wasnt readyyyyy....it is a scam for you.
@Drumbeat52
@Drumbeat52 2 ай бұрын
Buying low and selling high is not a scam. A lot of people don't want to set on a stock and watch it accumulate profits and watch it lose those profits. When you see green you take it and when you see red you hold until it goes green. You only lose when you sell at a loss, I have done well over 4 years of trading. Retired early!
@bornwin-sx9oz
@bornwin-sx9oz Ай бұрын
Thank you for the encouragement.
@Teen-Tok-Shorts
@Teen-Tok-Shorts 29 күн бұрын
This is such bullshit advice😂
@Drumbeat52
@Drumbeat52 29 күн бұрын
@@Teen-Tok-Shorts Then don't follow it, I still have to profits in my account whether you believe it or not. 😂
@abhisarsharma7612
@abhisarsharma7612 3 жыл бұрын
Day trading is legit for those who have the patience and the ability to ignore videos like this one.
@philipcarlsson1163
@philipcarlsson1163 3 ай бұрын
agreed
@Drumbeat52
@Drumbeat52 3 ай бұрын
@@philipcarlsson1163 It's fairly easy, green is profit and red is loss. Hit the button when it's green and if it's on a red downswing hold. You only have a loss if you sell. If it's a good company it is worth the effort. Been swing trading for 4 years and it allowed me to retire early. I am to old to set on a stock, I do not like stagnation andI I like progression. This year I am only swing trading with $10,000 and am setting on the rest in cash.
@fxlineardynamics
@fxlineardynamics 2 ай бұрын
Yup
@ronaldobrito3607
@ronaldobrito3607 Ай бұрын
cringe incorrect autism
@jesseterry11
@jesseterry11 2 жыл бұрын
One thing I found is if you can't consistently grow a 100 dollar account and build it consistently what makes you think you can grow a 100k account. Do not throw big amounts of capital in if you know your discipline is not good. All I can say to try save someone from screwing up
@jasondinh5603
@jasondinh5603 2 жыл бұрын
What are the success rates of real estate investing? opening a restaurant? drop shipping business? hell, even a college degree? Who says you can’t invest for long term and day trade? You don’t have to risk much to find your edge.
@TriadTradingOfficial
@TriadTradingOfficial Жыл бұрын
Yup, to be successful in anything is still the top 20%. Daytrading is no different
@amymello7481
@amymello7481 3 жыл бұрын
It appears you haven't day traded or haven't done it successfully. As a day trader I don't lose more than I am willing to because I sell before loss is large. 1% gains reinvested at 100% compounds to extraordinary amounts. So a few trades a day with a 1% gain and your done for the day. You don't have to stare at the charts alllll day. And to get around the pdt rule you can day trade crypto, no rules and open 24/7.
@BrianWeber
@BrianWeber 3 жыл бұрын
Very well said! The emotions are definitely one of the main reasons a lot of people fail at day trading. Swing trading and investing long term are so much easier on yourself and the people in your life.
@rileygshep7606
@rileygshep7606 3 жыл бұрын
Just like how profits can compound like crazy over time, same will be said for losses Having zero risk management will lead to you blowing accounts left and right even with a system that you can be profitable with
@pierre1122
@pierre1122 3 жыл бұрын
Good video. I try day trading for 3 monts...when I was young. Il lost 36% of my money ! :) Now I'm an investor,a lot less stressful ! I receive dividends each month. Good video.
@skillkillzz6399
@skillkillzz6399 3 жыл бұрын
MSCI stocks be boomin lets goooo
@Zzzinvestor
@Zzzinvestor 2 жыл бұрын
I love mikey taylor and i used to be obsessed with his DVS skate more part, but he is completely wrong here. Yes there are alot of “selling the dream” scams but they are not all scams. Day trading is very possible and i know this because i’ve been day trading for years and i lost a lot of money. But now i am finally profitable because instead of worrying about the money i started to put every effort into actually learning the skill and back testing my strategies with a paper account then gradually sizing up my position sizes so i could learn to control my emotions. Now looking back at it i wish i wouldve taken it seriously at first instead of just thinking i was just gonna get rich quick. And also if you have a cash account you can make as many day trades as you want as long as you wait for the funds to settle. Day trading isn’t a scam at all its just people don’t actually take it seriously as if its not like any other skill or craft. So the people that fail at it are actually just scamming themselves. Im a big fan of mikey taylor but this made me loose a bit of respect for him. I actually plan on making a video about certain “gurus” that are actually selling a scam and i will also make videos on reasonable day trading strategy’s that are somewhat easy to learn and if followed with proper risk management, can easily make you profitable
@arielaw4
@arielaw4 3 жыл бұрын
Yes there are a lot of misconceptions about day trading. Which you addressed kind of. Day trading is real, but don't expect to be making any money before 2-5 years. Day trading shouldn't be emotional, and it can be quite boring. It's a lot of waiting around and being patient. Most people don't last long enough to become an actual day trader. They quit after they realise how hard it is, and that it's not a get rich quick scheme. It's a difficult skill, but most people think that there is no skill involved, or they can become a master after 6 months of learning. What other skill can anyone become a master of after 6 months. It makes no sense. If you're not extremely passionate about day trading and are willing to dedicate years of hard work, then day trading is not for you.
@jeromemayer7364
@jeromemayer7364 3 жыл бұрын
Agreed. He is a good communicator, but very biased and one-sided.
@noyce.
@noyce. 3 жыл бұрын
Facts, you can't just put in 1 hour of work a day and expect a salary of someone working 9 hours a day. Plus no one with proper emotional control and discipline would average down or keep on holding on to a loss PRAYING that it'll bounce back like what he said in the video, that's just pure gambling. The videos feels really biased. Like just hopped into the hot topic for some clout before doing more research. It's like saying x% of the people who start a business loses money or close down after 1-2 years.
@greatestever7623
@greatestever7623 2 жыл бұрын
Sounds like a big massive scam that these fools and losers are dedicating their time for
@atmanp3380
@atmanp3380 2 жыл бұрын
Im glad I don’t listen to anyone other than positive traders
@sft115
@sft115 2 жыл бұрын
arielaw4- PERFECTLY SUMMERISED! how on earth can ANYONE LEARN hard knowledge proffesion in few months ...ONLY SILLY PEOPLE salivate and fantasize WITH GAMBLERS mindset thinkiing its like lottery...in REAL life thou my gambling addict friends( please i beg you seek help) IT TAKES YEEARS and YEEEEARS of HAAAARD sacrifice like in all high end professions...but gamblers wont get it until they admit their issue and GET HELP and leave your wifes money alone!!
@kyleherschend8128
@kyleherschend8128 2 жыл бұрын
Daytraded 4 years. It’s extremely difficult to be consistent based on technicals. And fundamentals are BS. It’s not a very rewarding experience. It really is gambling, and takes advantage of the dopamine highs of success. And the depression of losing trades draws you into bad trades to make up the losses. In other words, your emotions are constantly being jerked around. Add to that fact, that big banks and hedge funds use complex algorithms and machines to assess the markets and react almost instantaneously, that it’s almost impossible to get ahead of an event or major move without chasing the price action. The odds are stacked against you. Buy and holding is really the only way to make money. But, that’s not even a guarantee, as most people don’t even know how to properly value a company based on its financials. Buying stuff you don’t understand is stupid. You’d be better off investing in your education, or buying real assets, such as real estate or collectibles, or even commodities. Simple things that you know and have experience with. Wall Street is really crooked, folks. I’d stay away from the market casino, because that’s all it really is.
@SniperTrading
@SniperTrading 3 жыл бұрын
just cause you cant do it doesnt mean no one can do it...
@nvccimvne3744
@nvccimvne3744 3 жыл бұрын
💯
@jackthegod9988
@jackthegod9988 3 жыл бұрын
Exactly he has no idea
@robertagren9360
@robertagren9360 Жыл бұрын
in one day you could been given 20 years
@DrMatthewHudson
@DrMatthewHudson Жыл бұрын
Statistically 95% of people can't
@necessaryJustice_4all
@necessaryJustice_4all Жыл бұрын
They'res a learning curve, and even then it's returns are gonna be based on many factors. I was pretty good at it, but eveb so, it's hard to pay rent with it unless you begin with a larger nestegg; not everyone starts at margin.
@fourstars5270
@fourstars5270 Ай бұрын
Dude I hope you don't delete my comment, I know you mean well but I am killing it with day trading. Yes, i started with 100k, dropped 40% until i figured it out. Now im doing average 14% return per month, It took 40k to figure out, but it was worth it. This coming from a guy not selling any courses
@sonnyyst
@sonnyyst Ай бұрын
Bro I was thinking about quitting I’m 30k down that I couldn’t afford to lose. What strategy are you using ?? I need help
@fourstars5270
@fourstars5270 Ай бұрын
@@sonnyyst Bro don't quit. I started with 100k at one point I was actually down to 38k in my account. I feel like im a real dude, but i actually cried. You know how long it took to save that and 70k disappear like that. Long story, i back tested, back tested & back tested. I studied charts all weekend, for like 5 months. I traded every day, then studied more charts at night. Then Bam! i figured it out, bro learn to read charts, support & resistance. I don't use candlesticks, I don't use trend lines, no moving averages, only support & resistance. Anybody else reading don't give up, but then again this may not be for everybody. I watch the computer all day from 9:30-2:30 looking & waiting. I rarely trade after 2:30. Anyway boss, good luck
@fourstars5270
@fourstars5270 18 күн бұрын
@@sonnyyst support & resistance, learn to read the charts. I don't use candles, just line chart. Backtest at night
@TwoPyramid
@TwoPyramid 18 күн бұрын
Do you recommend any trading authors or courses?
@leonschell9415
@leonschell9415 2 жыл бұрын
“Is that mikey taylor?” *clicks to find out Hears voice Mentions skateboarding. “Fuck yeah thats him”
@Suckmycog
@Suckmycog 2 жыл бұрын
Same thought process LOL
@fishyKRIMINAL
@fishyKRIMINAL 3 жыл бұрын
What if your using day trading as a stepping stone to buy real estate?
@jakedillon9554
@jakedillon9554 3 жыл бұрын
i think day trading temporarily and not as a longterm strategy wouldn’t be a necessarily bad idea
@Lesi030
@Lesi030 4 ай бұрын
that is exactly my plan
@wikissek
@wikissek 2 жыл бұрын
I never seen a dumber video😂 Good job, I had fun
@travisg9294
@travisg9294 3 жыл бұрын
Day trading is very risky and if you throw too much money in there you risk getting kicked out. It's good job if you know how to spot bullish stocks with their lows and highs, but don't expect to make over a thousand a day, and if you do, thankfully you weren't kicked out of the stock for not keeping a balance.
@randmgenericname5077
@randmgenericname5077 Ай бұрын
Welcome to acting like i know something about a subject i know nothing about.
@carleynorthcoast1915
@carleynorthcoast1915 2 жыл бұрын
A balanced approach would have been more effective. Yes influencers hype day trading to gain followers and ruin some lives in the process but some people just trade in different timeframes and basically use swing trading techniques on 20 min or five minutes charts. The people who hype day trading cause people to not realize swing or trend trading might suit them better. Also if you can't swing on technicals you sure as hell can't trade a 2 minute chart on the same technicals. Swing trading is a slowed down version of day trading that is more forgiving. You can use stop loss orders day trading.
@tomworrall190
@tomworrall190 2 жыл бұрын
It seems you’re saying stay away from something because few succeed, it’s stressful, emotionally charged? That describes most top professions. You’re just describing why amateurs lose. They’ll lose in any profession. The advice should be: get adequately trained, practice for years, then you can be a professional. I didn’t expect to become a doctor within weeks or months. Just because anyone can open a trading account, we’re forgetting it’s a profession like any other. The minority who make a living trading demonstrate that.
@randmgenericname5077
@randmgenericname5077 Ай бұрын
Surgery is a scam. Don't become a surgeon. In fact only few people succeed in becoming surgeons. It's very stressful yo be a surgeon and it's very emotionally charged. Did i mebtion it's a scam?
@Alfa_Channell
@Alfa_Channell 3 ай бұрын
Anyone who puts skating first and finance third on their interest list is someone who has their life in order and is worth listening to! Skating is far more dangerous than day trading. Mad Love bro!
@asmranonymousgaming901
@asmranonymousgaming901 2 жыл бұрын
You have to humble yourself when you trade. Remove all emotion from it. Focus, study and try and learn as much as you can. Every failure is an opportunity to learn.
@Sswervyy
@Sswervyy Жыл бұрын
exactly
@greatestever5634
@greatestever5634 Жыл бұрын
Learning as much as you can in trading is a double edge sword. It will most likely cause paralysis by analysis. The best is really to learn about 3-5 strategies and back test. When you know the wins percentage that's when you put your head down and focus on them. If the percentage will result in capital loss than tweak that strategy until you get a good enough W/L ratio to be profitable. That is if you want to be a systematic trader.
@AndersenTrades
@AndersenTrades 2 ай бұрын
@@greatestever5634 terrible strategy
@mondon4418
@mondon4418 Ай бұрын
study what? lmao you day traders are funny "oh if i learn a new way to draw on the chart maybe i will be profitable" mean while quant traders are laughing at you
@chrismccormack8237
@chrismccormack8237 3 жыл бұрын
That Pattern Day Trader rule only applies to margin accounts, right? So if you're not betting on credit you don't have to keep 25k on hand?
@Anony584
@Anony584 3 жыл бұрын
That’s correct. Cash accounts don’t have this rule
@workload3681
@workload3681 3 жыл бұрын
I don't understand why Mike is going deep dive into day trading, because he obviously doesn't know anything about it. He is giving the standard "investor's" interpretation of trading-- but investing and trading are completely opposite. A stock trader has a completely different mindset than an investor. I mean yes, it's true, most will fail, but 99% percent of people trying to trade have no idea what they are doing. How many hours does a pilot have to have before he/she can captain a plane? How much mentoring does a physician get? When an ordinary person goes into the market on their Robinhood account, that's like playing Lebron 1:1, or returning a serve from Roger --- you're probably catching an L. Short-term equities trading is extremely difficult but not exactly for the reasons Mike talks about. And what is he talking about when he starts talking about "don't do it because of the stress" -- what effing job isn't stressful? Oh, wait, Mike's a professional skateboarder. Who do you think there are more of in this world, Millionaire Daytraders or Millionaire Pro Skateboarders.....
@arielaw4
@arielaw4 3 жыл бұрын
Well said
@bdlcoppell2008
@bdlcoppell2008 2 ай бұрын
I'm confused when you explain shorting when you say "if a stock goes down and then they sell then they make money". When you're in a short position, you sold the stock (shorted) when you entered the position. When you exit your position, you buy the stock back (cover your position).
@Kenny_Shillinglaw
@Kenny_Shillinglaw 3 жыл бұрын
Also the pattern day trader rule ONLY applies to margin accounts, not cash accounts
@BerretSO4
@BerretSO4 3 жыл бұрын
This is incorrect. (edit - Kenneth is right, see below)
@Kenny_Shillinglaw
@Kenny_Shillinglaw 3 жыл бұрын
@@BerretSO4 I actually trade and invest. You have just demonstrated you have no clue what you are talking about. My cash account is only $5000 and I’ve made way more than 5 trades a weeks with no issues. Pdt only applies to margin accounts. Idiot newbie😘
@BerretSO4
@BerretSO4 3 жыл бұрын
I'm glad I tried to correct you because it forced me to learn something. Yes, the FINRA rules on PDT only apply if you are a "margin customer". I read a bit more on it as well. Thank you for the head knock I needed it! Brokerages are just conservative with how they identify and protect from PDT restrictions even if they don't apply to a cash account, and that is where my confusion came from.
@ElOrarca
@ElOrarca 4 ай бұрын
Statistics say that 80% of day traders lose money, but these statistics are based on a very heterogeneous group. The statistics can vary depending on the group of traders analyzed, and success or failure in day trading depends on multiple individual factors
@SunsetRC
@SunsetRC 4 ай бұрын
Its probably much worse than that. I would go as far to say like 99% are not long term profitable.
@Kenny_Shillinglaw
@Kenny_Shillinglaw 3 жыл бұрын
Investing is gambling, it’s just holding and hoping. Day trading requires discipline but if the stock doesn’t go what you want, you can just get out. You control when you sell. Most people aren’t disciplined and that’s why most lose
@p.p.8624
@p.p.8624 3 жыл бұрын
Investing is not gambling. The odds are not the same. It’s good to know what you’re talking about before holding an opinion.
@Kenny_Shillinglaw
@Kenny_Shillinglaw 3 жыл бұрын
@@p.p.8624 no, investing is holding and hoping. As a day trader, if the stock doesn’t do what you think it will, within a few minutes, get out. You don’t have to rely on hope. We are looking for quick predicable moves
@cscs9192
@cscs9192 3 жыл бұрын
​@@Kenny_Shillinglaw If you get out to early and to often, you will end up losing your money to the broker (spread and other fees), and waste a lot of time. Not worth it.
@Kenny_Shillinglaw
@Kenny_Shillinglaw 3 жыл бұрын
@@cscs9192 that’s not true either. No one here commenting actually day trader otherwise you wouldn’t have said that. Selling often doesn’t mean you make less money and the spread doesn’t matter if you are trading liquid stocks. Day traders stay away from wide spreads.
@Kenny_Shillinglaw
@Kenny_Shillinglaw 3 жыл бұрын
@@cscs9192 there are also no other fees as long as you aren’t using margin. Which is the same as investing. Investing, you have to pay interest on margin daily.
@starboysavage2393
@starboysavage2393 2 жыл бұрын
I’ve been trading for one year now. Honestly I’ve made few dollars. And margin call a lots of times due to when I entry it goes away from the direction I want it to go. And when I said okay maybe it’s a wrong order and I switch it still doesn’t go my way I feel like the broker is scamming my moves.
@nylixneylix8785
@nylixneylix8785 2 жыл бұрын
Market goes where the market wants to go, Broker doesn't care if you win or lose. he makes money by spread and commisions.
@ThevineGospel
@ThevineGospel 3 жыл бұрын
He is right, odds are stacked against you. I Lost 85% of my original investment my first year, he is correct. Second year though, I am up 250% from original investment, and climbing. Dont listen to these guys, they are not traders, online opinion slingers. Practice Risk Managment, have Rules, control (be mindful) your emotions. Greed is the greatest killer to traders, be mindful.
@rileygshep7606
@rileygshep7606 3 жыл бұрын
Emotions, no proper working and tested plan, lack of risk management is what will make or break a trader no matter how trade, whether you day trade, swing trade, position trade etc
@ukdrilla8553
@ukdrilla8553 2 жыл бұрын
great but if your down 85% then as is some seriously bad risk managment. But i can't really spreak for you as im a forex day trader not stock day trader
@nylixneylix8785
@nylixneylix8785 2 жыл бұрын
@@ukdrilla8553 Forex, stocks, makes no difffrence. It's a price going up or down.
@paulforsell1439
@paulforsell1439 2 ай бұрын
Greatest killer is fear of missing out and undisciplined approach
@fxlineardynamics
@fxlineardynamics 2 ай бұрын
Correct, greed and ignorance will blow up your account. You MUST establish rules, and follow them. If PQR happens, there is a high probability that XYZ will occur.
@Piratariaviva
@Piratariaviva 7 ай бұрын
Whats the point of this video, for me to quit my 4 year trading joruney because of some scumbag...or do i keep looking for best a+ setups to trade and to profit
@quintonmaldonado8368
@quintonmaldonado8368 5 ай бұрын
Dudes talking about PDT.... hes a dinosaur as far as understanding where things are even in that year. You need to have a system that you can backtest too see which instruments have trash profits and which ones are good. Im in a trade almost 24/7 on some time frame trading NASDAQ. Theres always a similar setup that i like on sime time frame so don't do much waiting. In fact i rarely zoom to a bigger view on my platform. I trade short term structure assuming I lose in most trades... about 65% of trades i take a small loss on.
@josiasmoulton5964
@josiasmoulton5964 3 жыл бұрын
Broke it down well and cleared up a lot of misconceptions
@ramonveltmeijer9961
@ramonveltmeijer9961 3 ай бұрын
Yo mike, i know you from skatevideos i watched back in the day. Good to see you're still kicking it🤙
@eddiexpharo
@eddiexpharo 3 жыл бұрын
You can loose your whole account in a couple of months. A good day trader just waits for entries. When they are their we jump. If it's not their don't. You win good you loose. It's an investment. Like you said. Not fun. If you want to have a rush from trading and making big mo ey. Vegas would be a better choice.
@Boc3phu5
@Boc3phu5 6 ай бұрын
When are you gonna put out another skate part?
@AnangryLibertarian
@AnangryLibertarian 2 жыл бұрын
Translation... "trading for yourself is risky. Give your money to me". Typical salesman institutional investor. You are incurring risk in everything you do. With this theory there would be tons of people who would have never succeeded. Starting a business is just as risky. Most people lose money for the first 5 years in any business. That is definitely not a reason not to open a business. I bet those same stats could apply to most careers. There are billionaires that have lost more than that and recovered. There are endless stories about people who spent their last dollar to start their business. My dad was one of them. If 1 person can do something you can do it. I had to turn down the video while writing this because your negativity made me sick! Don't give up on your dreams because of this guy. He knows nothing about day trading. He should quit driving because it's incredibly risky lol. Never trust a grown man that says he loves tiktok..
@nylixneylix8785
@nylixneylix8785 2 жыл бұрын
Don't compare trading to "starting a business" It's like saying "Oh I just started a business" and a person asks you "What is it?" Oh I'm a gambler.
@AnangryLibertarian
@AnangryLibertarian 2 жыл бұрын
@@nylixneylix8785 yeah.. unfortunately I learned this the hard way. Got out before I lost too much though lol. Day trading is a scam.
@boosted211
@boosted211 8 күн бұрын
If youre downloading robinhood and just buying and hoping, youre gonna have a bad time. Do you know anything about technical analysis? Whats different in fundamental analysis? What do you know about the sector the company you bought is in? Im willing to bet most people with a robinhood account dont understand what it means to "short". Its a skill you need to develop. Demo accounts or tiny amounts of money to start. Gambling and day trading are not the same. Day trading is about catching a wave, limited risk and or looking for a clear move. Gambling is throwing the dice and crossing your fingers. Theres no clear move. You can only limit risk and hope.
@ghandidaniel
@ghandidaniel 2 жыл бұрын
You're right daytrading is stressful and hard but not impossible. It is very rewarding and life changing if you master it. But you will have to dedicate yourself to it 100% cause it has a big learning curve and you need to be well aware of you're emotions and keep them in tack. So if someone would ask me how they should invest? then i would agree what you're saying with investing long term
@milanvasarhelyi
@milanvasarhelyi Жыл бұрын
It is close to impossible on an individual level, you cannot compete with hedge fund teams. Those who are consistently profitable on established markets are never individual traders.
@chriscc14
@chriscc14 11 ай бұрын
@@milanvasarhelyiyou're under the assumption that your direct competition is a hedge fund and that is absolutely not true. you can learn to trade with hedge funds, using order flow.
@chocotv3573
@chocotv3573 2 жыл бұрын
Agreed! Day trading or Option trading lose money at the end. You get old quickly staring on the monitor bcoz of the emotion in the market. Option trading is even worst regardless what strategy you use bcoz nobody can predict the market.
@thechickenduck8377
@thechickenduck8377 3 жыл бұрын
The reasons he discusses are the obstacles I had to overcome over the past 8 years. Mark Douglas (R.I.P.) eventually helped me become consistently profitable. Day trading is not for everyone, just like any other difficult thing in life. Edit: exactly what the videos says at the end applies to day trading- it’s a long term mentality. Many trades, with weighted risk-reward, not a quick thing to accomplish. Enjoy the journey.
@Tr1Hard777
@Tr1Hard777 2 жыл бұрын
Wow me too. Mark Douglas taught me to trust the process and that anything can happen after you enter. Trust your edge and when you lose it's not your fault just like when you flip a coin and you wanted to get heads but you got tails it's not your fault losing is built into the plan.
@kamalalmatari6958
@kamalalmatari6958 Жыл бұрын
@@Tr1Hard777 Thus, it becomes a gamble
@basseverexclusive8047
@basseverexclusive8047 11 ай бұрын
​@@kamalalmatari6958its not a gamble if you keep the odds in your favor...
@highvoltagemanna
@highvoltagemanna 4 ай бұрын
The key metric in stick charts is volume. On a stock candle chart their is another chart below of volumn bars. On that chart the giant spikes are the buys & sells of the institutions. They set up the market up and downs that produce the chart pattern signals to which retail traders are trained to respond. They see transparently where the buy and sell orders are concentrated. They then use big buys & sells to scoop up all the retail money by first triggering the retail buy orders at high prices then executing their own sell orders driving the price down till it crosses below the retail stop loss orders. capturing all the retail trader stocks below what they paid only to drive the price back up to nominal by the big spike instutional buys.
@Meginnis31
@Meginnis31 3 жыл бұрын
It’s tough but possible, and life changing as well.
@nocomment6421
@nocomment6421 3 жыл бұрын
No its gambling
@Meginnis31
@Meginnis31 3 жыл бұрын
For most yes, but not the few that can do it professionaly for a living
@nocomment6421
@nocomment6421 3 жыл бұрын
@@Meginnis31 there are none. The one making Money are the scamers that gives Seminars "how to daytrade" while losing money when Trading
@Meginnis31
@Meginnis31 3 жыл бұрын
@@nocomment6421 I day trade for a living and am not a scammer lol
@nocomment6421
@nocomment6421 3 жыл бұрын
@@Meginnis31 you are lying and we both know it lol
@zygi22
@zygi22 3 жыл бұрын
Why “Commune” as channel name?
@LifeWithRilla
@LifeWithRilla 3 жыл бұрын
You told the reason why people fail at day trading. Finding consistency is hard and most day traders quit before 2 years when this is something that will take 2 to 4 years to find consistency and grow the skill of doing. People expect some overnight transformation when that is not the reality. They're gambling. If you have a long term mindset to learn then it could be for you if you're okay paying market tuition and learning.
@TheTaquitoProject
@TheTaquitoProject 3 жыл бұрын
Except studies have shown that day traders don’t tend to get better over time.
@bassfan71
@bassfan71 3 жыл бұрын
False. There’s plenty of studies published online that debunk this.
@HX3ne
@HX3ne 2 ай бұрын
@@TheTaquitoProjectwhat defines “better”??
@Tr1Hard777
@Tr1Hard777 2 жыл бұрын
Just know there were people "investing" in companies like blockbuster and kodak and sears in the early 2000's Tell me how that went?
@jayg5888
@jayg5888 2 жыл бұрын
Some made money
@HX3ne
@HX3ne 2 ай бұрын
@@jayg5888yeah? Your point is? People also make money trading dumbass
@jackthegod9988
@jackthegod9988 3 жыл бұрын
I can’t make it, therefore it’s a SCAM 😂
@TNG_22
@TNG_22 2 жыл бұрын
😂😭
@TriadTradingOfficial
@TriadTradingOfficial Жыл бұрын
Lol yup
@warmusic863
@warmusic863 4 ай бұрын
get your iq check dude
@matthewcaskey1051
@matthewcaskey1051 3 ай бұрын
@jackthegod9988 it certainly has a lot of strategies and different ways to play and overall it is designed to take retail traders money but you can learn and find success at it as well.
@mpumelelobeyers957
@mpumelelobeyers957 20 күн бұрын
It is
@socawarrior1263
@socawarrior1263 Жыл бұрын
This is a really good video, good insights there brother
@TrueMathSquare
@TrueMathSquare 3 жыл бұрын
Very good video. Probably the best on this topic.
@hunterspettel-bs9ul
@hunterspettel-bs9ul 6 ай бұрын
Amazing content Were you aware of how helpful you’d be to people financially when you were skating or did that come to you later on? Also what is your opinion on swing trading?
@Mornys
@Mornys 3 жыл бұрын
Good advice for most people... but I'm not most people.
@merchpublicschool9331
@merchpublicschool9331 3 жыл бұрын
I agree with every single point you made, except for the pattern day trader rule, it does not apply to cash accounts. But this is in no way an argument in favor of day trading. Most people would lose money. Those on KZbin showing their success -if honest- are only part of the 20% that are profitable. And even those odds do not reflect reality, because if I have to guess, only about 1% get rich from day trading.
@DNYLNY
@DNYLNY 3 жыл бұрын
I have a cash account on Webull and TD and get hit with PDT warnings.
@LostOneTrades
@LostOneTrades 3 жыл бұрын
Lol, this video is cute! Hold my beer!
@KpxUrz5745
@KpxUrz5745 Ай бұрын
Of course new daytraders will mostly do very poorly. It takes time and great effort to build the experience to develop methods that actually work. New traders should trade sim accounts, or at least make very tiny trades until they gain experience. Nobody ever said it is easy to succeed at extracting money from other traders, but it most certainly can be done, and safely and with regularity. I've done it, and now use the market as my "free bank account", adding the good profits to the even larger profits I make from investing. I really dislike videos which flatly state daytrading is a scam or a guaranteed loss, because they don't even scratch the surface of talking truth here. And I don't win because of "Beginner's Luck". I've been at this a long time. You have to build skills and knowledge.
@dariopadovano8441
@dariopadovano8441 3 жыл бұрын
thank you so much for this explanation. I appreciate it so much. Love you.
@Samuel10463
@Samuel10463 26 күн бұрын
Actually good things are always simple. The key to a successful day trading is ... DO NOT try to predict where the price will go and do not over-trade. Act AFTER things happened, let people put their money first and trend exhausted, the price action almost always over-shoots on sharp movements, then do the quick move and be done for the day. Let others move the price - do not participate in it - wait. After they're done - you act. Stay away from the crowd.
@edwinsanchez7088
@edwinsanchez7088 3 жыл бұрын
Thank you for this, I was thinking about getting into day trading but not anymore.
@vovanminh999
@vovanminh999 3 жыл бұрын
I don't listen to him , you know shit about day trading , it's a good career .
@ABpluseAB
@ABpluseAB 3 жыл бұрын
I thought this guy was going to say a bunch of garbage, but he is right.
@goofyCatttt
@goofyCatttt 3 жыл бұрын
I expected better arguments. Im an active daytrader and I make more profit than losses. My losses are always very small
@germil84
@germil84 3 жыл бұрын
Sounds like one of the investor firms telling common folk to stop day trading......
@mri5445
@mri5445 3 жыл бұрын
@@germil84 facts..def gatekeeper vibes
@user-dr9gs6wh1k
@user-dr9gs6wh1k 3 жыл бұрын
Willing to bet my life that you and the 2 other people under your comment are lying.
@goofyCatttt
@goofyCatttt 3 жыл бұрын
@@user-dr9gs6wh1k I cant even share my experience, I dont tell people what to do. Ofcourse most traders will make losses since they have no idea what they're doing
@acex222
@acex222 3 жыл бұрын
I expected better lies, you're not an active daytrader making more profit than losses. Statistically, 2.7% of the 3% of day traders that are profitable, make over minimum wage. You're better off being a frycook.
@karrde666666
@karrde666666 2 жыл бұрын
poker has close to the same odds, only the top 15% will make money. but in poker you can study for hours/days/even years to reach that 15%. is it the same in day trading?
@liquorcofficial5561
@liquorcofficial5561 2 жыл бұрын
Yes
@TriadTradingOfficial
@TriadTradingOfficial Жыл бұрын
Duhhh
@evjow
@evjow 3 жыл бұрын
Dude, incredible. I like this content, its a very mature talk on the subject. I also like the way you present your content, without boring songs on background, without click-bait/keep-watching-bait. I wish there was more videos like this on youtube. Congrats, guys.
@ZeoXEditz7
@ZeoXEditz7 4 ай бұрын
U defo 30+ yo
@elliotnyberg9332
@elliotnyberg9332 Жыл бұрын
I dont like daytrading but i do on the other hand love developing algorhytmic day trading strategies and backtest them. You need to enjoy it not just try to earn money
@alejandromartinezjr.3845
@alejandromartinezjr.3845 3 жыл бұрын
That's why I swing trade 😌
@pleiadi666
@pleiadi666 Жыл бұрын
@FiveBetFold
@FiveBetFold Жыл бұрын
This is why I night trade
@mughalmusic
@mughalmusic 2 жыл бұрын
Very Small trades in one stock, covered calls weekly and buying into the trade buy selling puts is now u do it.
@robd1859
@robd1859 2 жыл бұрын
What you don't seem to understand is that long-term investing only works if you're a doctor or lawyer or somebody like that that already has a lot of capital that they can you know get richer off of 2 or 5% of year but for the average person like myself that little old pissy 5% of year is not going to get you rich. You can't put $1,000 in an account and leave it in there for 25 years at 5% per year and think you're going to get rich it doesn't happen. Poor people have to day-trade or learn how or it's called get rich or die trying. Because we weren't lucky or gifted or have Rich parents. Unless you have Capital to invest your never going to make it.
@gunzzilla
@gunzzilla Ай бұрын
Things this guy got wrong: 1st: "You have better odds in Las vegas than in day trading" This is wrong because in casinos, almost all their games have negative expectancy. In trading however, it is possible to have positive expectancy. look at hedge funds for example. 2nd: "The barrier to entry is high" Wrong. There is Forex and Commodities trading. Tho these markets are harder to trade coz they have no upward bias and is decentralized. Other than these, most of what he said is true. Yes, trading is risky but isnt life also risky coz you're guaranteed to die from it? There is no reward without risk.
@elizabethlaura6811
@elizabethlaura6811 2 жыл бұрын
MRS HANNAH IS LEGIT AND HER TRADING METHOD WORKS LIKE MAGIC I KEEP EARNING EVERY SINGLE WEEK WITH HER NEW STRATEGY
@festusshedrack4852
@festusshedrack4852 2 жыл бұрын
Wow I am just shocked someone mentioned expert Mrs Hannah I thought I'm the only one trading with her,She helped me recover all I lost trying to trade myself
@mercy1249
@mercy1249 2 жыл бұрын
I think that she is the best broker I ever seen...her method is nice thanks for introducing me to Mrs Hannah
@wizard5219
@wizard5219 2 жыл бұрын
Mrs Hannah is obviously the best, I invested $2,500 and she made profit of $14,000 for me just in11days, She's awesome ♥️
@JenniFer-wx3rx
@JenniFer-wx3rx 2 жыл бұрын
I still wonder how she gets her analysis, I got profit of $28, 609 with a capital of $4000 in 16 days of trading with her
@metallicmoster
@metallicmoster 2 жыл бұрын
Here in Canada 🇵🇪 Expert Mrs Hannah carries out the both orientation and mentorship potentials
@elijahmatthew5270
@elijahmatthew5270 8 ай бұрын
Is it too late to start day trading futures at 24? That’s what I asked myself, now that I’m watching this video, I don’t think it’s a good idea.
@rinareynolds3284
@rinareynolds3284 3 жыл бұрын
This is the best video I’ve ever heard as a day trader. Very very profound. I see more ways to eliminate risk now. Thank you
@mrwolf31
@mrwolf31 Жыл бұрын
But you watch Laws of attraction videos? Vibration?
@4xfun563
@4xfun563 Жыл бұрын
​@@mrwolf31what has that to do with what he said?
@gawixproperty5089
@gawixproperty5089 3 жыл бұрын
How to invest
@DYNE540
@DYNE540 3 жыл бұрын
passive index investing. it's just that easy to start. great vid!
@CommuneCapital
@CommuneCapital 3 жыл бұрын
🤝
@KennTollens
@KennTollens 3 жыл бұрын
Okay, you have to pick one stock only and you will put x amount monthly into it until you retire. That will be your only stock investment. Which stock do you pick?
@crimestockinvestigation
@crimestockinvestigation 7 ай бұрын
Charles Schwab large dividend return etf. currently holds 103 stocks. ticker SCHD ,see you in 20 years good luck !
@biomanization
@biomanization 2 жыл бұрын
You’ve really got your finger on the pulse. Few, if none, have such a rational understanding of the situation. Thank you for your sanity and sober evaluation. Can you please give your evaluation of the crypto community and mindset?
@thetradersam6157
@thetradersam6157 8 ай бұрын
day trading is not a scam, it is complex, and it takes years to develop the mental intuition and psychology to be successful. Investing in another hand, is MUCH simpler but still challenging..
@Jasem89
@Jasem89 Жыл бұрын
If it was easy everyone would be rich, just think about that.
@paulnyagini
@paulnyagini Жыл бұрын
If it was easy they will not allow retail traders to trade
@paulforsell1439
@paulforsell1439 2 ай бұрын
The easiest way to make money is preach about an invisible old man in the sky . Your selling a product that doesn’t exist :)😂
@mrapollo13
@mrapollo13 3 жыл бұрын
I'm happy I found this video because I think its the one thats steered me away. I was looking into swing trading as a secondary income but seeing the stuff online, the courses and the way they present videos about it smelled scammy to me
@theforce5191
@theforce5191 3 жыл бұрын
There are ways u can practice without money. It's called paper-trading.
@Abcccdwe
@Abcccdwe 3 жыл бұрын
YOU’VE been misinformed! THIS GUY HAS NO IDEA WHAT HES TALKING ABOUT
@cmtso7409
@cmtso7409 2 жыл бұрын
@@Abcccdwe I mean I am a regular fx trader but I do appreciate ppl trying to steer newbies away from trading. It’s just not for everyone. Trading is my passion but it’s also a place where ppl make a shit load of money selling dreams.
@Abcccdwe
@Abcccdwe 2 жыл бұрын
@@cmtso7409 I do agree with you with the part that people make a lot of money from selling the dream, which I fucking detest this shit. Can’t do anything about it…..
@thabangsenooane1148
@thabangsenooane1148 2 жыл бұрын
Great video, Thanks. Though in my opinion I will change the label of the video .
@johnhagoski6922
@johnhagoski6922 3 жыл бұрын
great content! would like to see the entire process of buying/owning an apartment/ multi-family units
@Sensei__Nate
@Sensei__Nate 7 ай бұрын
It all just comes down to the ancient argument passive investing vs active investing
@trumoomoo
@trumoomoo 3 жыл бұрын
Be wary of anyone who speaks in absolutes. Day trading is not a scam it is a skill set that can be developed it takes a lot of discipline and is not for everyone. You should invest long term first and understand that it's not an easy thing to learn to day trade many people make a living day trading but its not for everyone
@wethepeople2749
@wethepeople2749 2 жыл бұрын
no not many, most traders lose.
@trumoomoo
@trumoomoo 2 жыл бұрын
@@wethepeople2749 true but a large group of people try to trade and most fail but there Are many people who are traders for a living. Just as most entrepreneurs fail but there are many people who make their living as entrepreneurs. Training is a dangerous thing but I just don’t want to dissuade someone who has a passion for it because it might be the path for some
@trumoomoo
@trumoomoo 2 жыл бұрын
@@mmmtheta4199 Hey man barely does mean you have met some people who have done it. and all I'm saying is that it's possible to develop the skills to be a successful day trader. I admire that you took the chance to learn and try. I wish you the best of luck in whatever you choose to try next.
@ericwilliams1575
@ericwilliams1575 11 ай бұрын
What a great distinction of positioning between wealth and richness. Being wealthy is a marathon, and getting rich is a sprint. Food for thought
@Aussbosstrading
@Aussbosstrading Жыл бұрын
The odds are even LOWER if you want to become a professional athlete. Trading can change your life. I think he’s just upset he never had the gumption to day trade and to CONSISTENTLY keep going even when you’re losing money. He’s speaking to all the people that don’t manage their risk and blow up their accounts. Trading isn’t gambling if you have a tested and proven strategy, you have to let your system play out the odds.
@colinrussell2017
@colinrussell2017 Жыл бұрын
Where can I buy your course?
@basseverexclusive8047
@basseverexclusive8047 11 ай бұрын
U will not understand if u never work out at highest level of what you do in your life.... I promise u wont get it until u reach that level... ​@@colinrussell2017
@mrtrock_gaming1489
@mrtrock_gaming1489 8 ай бұрын
​@@colinrussell2017 in afrika
@gametech3905
@gametech3905 Ай бұрын
You actually wrong, if you put a very small amount of loan like 5K$ but can make 500$ everyday for 10 days its 5K$ profit and if you go for S&P 500 on Buy position its safer than putting on Nasdaq or a single stock like NVIDIA that can fall like -8% on a SINGLE DAY!
@kellarenna
@kellarenna 2 жыл бұрын
people fail because there is truly an overwhelming amount of complexities involved in it that require tons of practice , dedication and education. add to that your emotions and its very easy to fail. this is an extremely challenging undertaking but it is not impossible! your risk management has to be extremely tight! and your winning trade profits have to be higher than said losses. you have to know where to enter and exit and when to hang tight and when to jump! you have to combat your own impulses, emotions, fears, and arrogance! it is not by any means a scam. it is VERY challenging. being successful in any field requires an incredibly high level of discipline and trading is no exemption. there is a reason why there are few millionaires and billionaires. if it was easy everyone would be one! i enjoy the incredible mental stimulation and challenge. this requires an extreme level of passion and determination. it is absolutely not for everyone. neither is rock climbing, or bungee jumping, or going fishing
@monty510
@monty510 2 жыл бұрын
You hit the nail on the head.
@nylixneylix8785
@nylixneylix8785 2 жыл бұрын
The problem is with that "you have to this" and "you have to that", "you have to know..." bla, bla, bla. Nobody on this planet has a crystall ball, you will never know when is the best time to enter or exit, only after it happens, not before.
@markmcgwiresbackne5705
@markmcgwiresbackne5705 2 жыл бұрын
Listen, you can participate in markets a lot of ways and become successful. The long term fundamental guy isn't going to be the hyper scalper, the backside low float guy isn't going to become the international arb guy who isn't going to be the quant guy building models. .People that seriously trade markets participate in the way that fits they're style of trading and where they have found success. This fella really discredits himself with his statements and I'm guessing if asked specifically in detail how he makes money in markets he couldn't tell me.
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