The Truth About Day Trading (Guaranteed To Fail)

  Рет қаралды 27,950

Karson Gaule

Karson Gaule

2 жыл бұрын

Are you thinking about getting into day trading? Well, this is why day trading doesn't work for the majority of people. There are many gurus online that teach you how to day trading using their various day trading strategies that even beginners can make money with. What they don't tell you is that the data shows how it is very unlikely to learn how to day trade for a living and that most people actually lose money. I hope this video answers why you s]probably shouldn't give up your day job to try and trade stocks.
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For business inquiries, you can reach me at karsongbusiness@gmail.com
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DISCLAIMER: Everything in this video is of my own opinion and could be wrong. I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

Пікірлер: 224
@kingmike40
@kingmike40 7 ай бұрын
Remember most business' of any kind have a 90% failure rate. It's not just trading.
@ashmedia1883
@ashmedia1883 6 ай бұрын
Agreed 😮 but forex is 98% failure n it's not easy I trade I know
@user-db4fw7kj9w
@user-db4fw7kj9w 3 ай бұрын
This
@MsUutubee
@MsUutubee 3 ай бұрын
​ Are you among the 2% or the 98% ? ​@@ashmedia1883
@SkinnyNiceGuy
@SkinnyNiceGuy 2 ай бұрын
This is a stupid comparison. If somebody told you that you could outperform 99% of businesses with 0 effort, you’d do it. This is why instead of wasting your time and effort trying to day trade, of just buying a low cost ETF (that beats 99% of day traders) is the smartest thing you can do.
@yahussain39
@yahussain39 2 ай бұрын
Business are not manipulated, stocks are
@Sswervyy
@Sswervyy 9 ай бұрын
day trading isnt the scam, its the people (trade guru's) lying about how easy day trading is. day trading is profitable but ONLY if you actually use trading strategies and have knowledge about stocks. dont be like like the 90% that just jump into stocks and just gamble your money without thinking, thats the real reason why people lose money while trading, not the trading itself.
@thecanadakid7622
@thecanadakid7622 18 күн бұрын
this is true, they make it seem easier then it is, but I wouldn't say they throw money in without thinking at all.
@dalefortune9249
@dalefortune9249 3 ай бұрын
Thank you! Honesty and clarity...how precious.
@bishoymagdy7571
@bishoymagdy7571 2 жыл бұрын
Thank u so much Karson, we keep learning from ur vids 🙏✨
@kingmike40
@kingmike40 7 ай бұрын
I've noticed myself and other traders, at least in the beginning, don't have the discipline to wait for the setups. I've kept detailed notes on my trades and notice on days when I wait for a setup I make money and on days when I follow the market and just jump on some spike I usually lose or make very little.
@Mindwise-vo5lo
@Mindwise-vo5lo 3 ай бұрын
For me swing trading and position trading with the trend is much more effective. I got killed as a day trader. Not to say I did not win or have big wins, but it never lasted. I would have been better off swing trading. Stay strong!
@jasonstazm
@jasonstazm 11 ай бұрын
Just because you suck doesn't mean it's a write off. Trust me.
@Gengingen
@Gengingen 22 күн бұрын
This means the cool-aid hasn’t yet reached your brain? 😊
@MrNick615
@MrNick615 20 күн бұрын
@@Gengingenno it works if done with discipline, planning, and then post day or week evaluation, and years of experience.. it’s not really trading honestly is risk management, probability evaluation, and money management.. there is zero prediction as no one can predict price action it is chaotic and unpredictable for anyone or even any computer, as soon as you become a player you become part of the action you are trying to predict.. I’ve been 3 years trading consistently upward, up two steps back one, up three back one, up one back two it happens, but it always goes up and to right over the long haul..
@user-ct1kh2if8j
@user-ct1kh2if8j 8 күн бұрын
She have the statisics on her side. Its a fact that most people loose money trading over time.
@mishaespinoza3900
@mishaespinoza3900 2 жыл бұрын
Excellent video! Loved the content and the editing.
@KarsonGaule
@KarsonGaule 2 жыл бұрын
Thanks Misha!
@TheSilentWealth
@TheSilentWealth 10 ай бұрын
Respect. You just went against an industry. I'm in the investment and financial industry, there is so much that retail traders don't know about how rigged the system is. Been on both sides now, the truth checks out. I'm going to make a similar video uncovering this. Great work Karson! The sneakiest way to make money, is to tell people how to make money. 🤭
@zhangshun630
@zhangshun630 2 жыл бұрын
I love how honest you are, and you dare speak the truth.
@prod.thisbeatisdope
@prod.thisbeatisdope 7 ай бұрын
Why?
@harrycharalambous3477
@harrycharalambous3477 3 ай бұрын
lol
@rufdymond
@rufdymond Ай бұрын
Yep these online trading gurus are the biggest con merchants going. Trading is hard, don’t let anyone tell you it isn’t. I’ve been trading for 12 years and it took me almost 4 years to become consistently profitable.
@aalexa1953
@aalexa1953 7 ай бұрын
There are many profitable traders but like any other high paying job you have to study for a few years before seeing any results. The failure rate is so high cuz people trade with the expectation of winning without any experience or by learning some scam course from an online guru.
@DiscipleofChrist33
@DiscipleofChrist33 28 күн бұрын
This lady speaks the truth! Good video, very well said
@AlanTrades
@AlanTrades 3 ай бұрын
95 percent fail because they wqtch this stuff. Hold for long term? The less time you have in the market the less youre exposed to risk.
@feliciag6800
@feliciag6800 2 жыл бұрын
Real eye opener. Thanks.
@KarsonGaule
@KarsonGaule 2 жыл бұрын
You’re welcome
@darreneldred5575
@darreneldred5575 3 ай бұрын
Thanks. I feel pumped now.
@prod.thisbeatisdope
@prod.thisbeatisdope 9 ай бұрын
I am a day trader now for 2 years my strategy is support and resistance wich trendlines I se that 55% of my trades are wins. You can never be right at a trade that's not possible but you can manage your risk by trading wich support and resistance . If you win more on the winners side and you lose less on the losses you can make money but it's very difficult to do this it's take a lot of time but after 2 years I made 600 euro on average a day so you can make money on daytrading
@rombusworkmoney22
@rombusworkmoney22 2 ай бұрын
You wrote: "You can never be right at a trade..." I think what you tried to say is this: "You can't always be right..." These have opposite meanings.
@luckyluke9924
@luckyluke9924 2 ай бұрын
thanks for your statement....do you use fibonacci or make it by elliott-wave ?
@sortehuse
@sortehuse 29 күн бұрын
It's not impossible money to make day trading, especially over short periods of time, but it's very hard to make money consistently over longer periods of time. You wrote this 8 month ago. How have you done since you wrote this post?
@Gengingen
@Gengingen 22 күн бұрын
It is just taking a bit longer for the law of averages to kick in, trust me on this. The only trader who can rightfully claim to “have” won is if & when he quits right after the win. If you don’t agree ask one of the legends in this line of business: Jesse Livermore. He went through several roller-coasters on the way to an untimely avoidable death. Companies succeed because they use the law of averages to their advantage: they regularly weed out losing ones replacing them with ones on a winning streak. Laws such as these are unbreakable. 😊And I am not even mentioning shenanigans like insider information, spoofing & obviously size where they can move markets to their advantage by price-signalling taking daytraders like you for a ride in advance of taking a position. So by all means enjoy you “wins” but don’t make it a habit you cannot shake off. 😊
@s.a.3882
@s.a.3882 13 күн бұрын
55% wins is low. I use my own one-trade-a-day algorithms and typically have around 65% winning trades, which over a year gives me an approx. 100% return.
@-1..
@-1.. Жыл бұрын
went through 100s of videos literally 100s and finally found this one this golden video backed by probability before possibility backed by logistics before statistics!!!!!!!!!!
@KarsonGaule
@KarsonGaule Жыл бұрын
Thanks!
@logician3641
@logician3641 Ай бұрын
This was a wonderful explanation. Thank You..
@johnypalomino571
@johnypalomino571 2 жыл бұрын
Thank you i needed to see this.
@_4le
@_4le Ай бұрын
I needed this video. Thank you.
@Diggler569
@Diggler569 16 күн бұрын
I am not necessarily a day trader but I do trade here and there when it makes sense. I am right in line with the market over the past 6 years (around 15%). This is a mixture of having premium funds, index, reits, and other dividend yielding stocks. Unlike most folks who look to day trade, I have a business degree, taken multitude college level courses on economics and finance, and learned hard lessons by losing a good chunk of money. The main thing I have learned is to drop the ego, filter information better, and not be afraid of speaking with more experienced analysts. Anyone who tells you that you can make 1% per day is selling you a big old bag of magic beans.
@karimtabrizi376
@karimtabrizi376 16 күн бұрын
Genuine video. Good advice
@Paulusmus
@Paulusmus 2 ай бұрын
The problem with very long time is that you might want to use your money while your young / healthy instead of old with limitations.
@N8TheGreat1028
@N8TheGreat1028 2 жыл бұрын
Great content! Hopefully the algorithm picks you up
@KarsonGaule
@KarsonGaule 2 жыл бұрын
Thanks Nathen! That would be amazing
@eric123ef
@eric123ef 3 ай бұрын
I agree. Many people selling these courses make it seem like you can do it while working full time on a busy schedule. It's incredibly hard to do. It's a full time job to be a day trader especially if you aspire to be like the 1% to 3% that are top level.
@beehang6448
@beehang6448 8 ай бұрын
she right and honest ,dont be fool by fake guru or advertisements. most peoples loss money then win . if most peoples wins all of us be millionaire already, dont fall for it
@GWAFEM
@GWAFEM 9 ай бұрын
You can't make 1% when your positions starts to be above 5 millions. There's slippage and its harder to get filled. Your calculations are unrealistic. Yes the majority of day traders a losing because they don't learn risk management properly.
@thephenomenol6718
@thephenomenol6718 20 күн бұрын
exactly, thats what i m saying
@ghostbusters4667
@ghostbusters4667 3 ай бұрын
The statistics are flawed dramatically. They don’t take into account how long they’ve been trading, how they’re trading, setups if any and etc. It’s grouping seasoned traders with someone that just started yesterday. You can’t just stare at a chart and place orders. A footprint chart, book map and drawn zones are the key. Lastly, the job of a retail trader is to react to the reaction of the markets, not predict like everyone came accustomed to during the outrageous bull run.
@ghostbusters4667
@ghostbusters4667 21 күн бұрын
@@daniel6648 Exactly. I forgot who said it but, “Doctors and lawyers take 7+ years, so think of trading like school. The first few years are trials and errors paving your path, the later years are the equivalent to a doctoral degree”… Something like that, but it resonates with me profoundly.
@bobsam5982
@bobsam5982 20 күн бұрын
Shhhhh don't tell everyone
@shortfuse3776
@shortfuse3776 2 жыл бұрын
glad to see a honest video about day trading
@KarsonGaule
@KarsonGaule 2 жыл бұрын
Thanks!
@vqfive
@vqfive 2 ай бұрын
Most people don't put in the thousands hours testing a strategy finding a strategy that consistently wins before going live.
@MrNick615
@MrNick615 20 күн бұрын
Exactly, 5 hours a day, 200 plus trading days, 1000 hours a year.. 4 years maybe 4000 hours later you got some real knowledge of price flows and you’ve run various strategies if your smart with real money but real small money.. maybe your getting there maybe you still need another 2 years.. I person that can get it in even 2 years is a unicorn and I’m sure it has happened especially if they had a good mentor, but it takes time and especially LOVE..
@velwear
@velwear Ай бұрын
I’m not a day trader but I still enjoy watching these videos just to hear about what’s being said about it. I’m a swing and scalp trader. These are the two ways I like to trade.
@EbenezerNimh
@EbenezerNimh 2 ай бұрын
Thank you for telling the truth.
@tomasw6985
@tomasw6985 11 ай бұрын
I can actually change the market direction. Whenever I buy, the market goes down...immediately! (I should live stream my trades and make a service out of this!) Actually, Im not kidding.
@Methdemon
@Methdemon Ай бұрын
sounds like a genuinely viable strat. get someone whos really bad at trading and just do the opposite of them
@gtaplayer4393
@gtaplayer4393 5 ай бұрын
I love this video and it’s telling the truth about day trading
@gymvideos4579
@gymvideos4579 8 күн бұрын
Trading is similar to managing your weight. Everyone knows how to do it. Most people dont wana put in the work. They want an easy solution.
@gymvideos4579
@gymvideos4579 6 күн бұрын
@@Remembering-rq6si you're aware some ppl make consistent money trading right?
@jgfyjjkfdf4034
@jgfyjjkfdf4034 Ай бұрын
congratulations on figuring out that day trading takes skill
@dannyg9047
@dannyg9047 2 жыл бұрын
I'm about to go all-in on one trade!
@KarsonGaule
@KarsonGaule 2 жыл бұрын
Haha please don’t!
@Peter_Potato
@Peter_Potato 5 ай бұрын
😂🤣
@Mindwise-vo5lo
@Mindwise-vo5lo 3 ай бұрын
Right? I'm selling everything, the house, the car, and my kidney to go ALL IN! lol!
@luxinvestments4014
@luxinvestments4014 2 жыл бұрын
Great vid, trading asmr lol
@Mindwise-vo5lo
@Mindwise-vo5lo 3 ай бұрын
Great video Karson. I started out trading penny stocks and then transitioned into trading SPY options. As a day trader I would win and keep giving my money back. I started trading back in 2016, so I've been at this for years. The risk management has to be right on point where you are sticking to your plan. What I found out the hard way is that I had a higher probability of winning, not by day trading, but by swing trading and position trading with the trend. In fact, you can go for weeks without a good setup to day trade, which is what happened to me in 2023. Most day traders like myself, end up forcing trades, and getting into trades that only chop sideways all day long. People who show they are making all this money every day are not telling the truth. Most people online are making money off of selling the concepts and setups to people who are just starting out. Stay strong!
@johanlorenzo
@johanlorenzo 2 жыл бұрын
THE HARD, COLD, TRUTH. 🎯🎯🎯🎯🎯
@bballah9969
@bballah9969 Ай бұрын
This lady knows nothing about trading so no hard facts spoken here
@williamc4221
@williamc4221 5 күн бұрын
The truth about day trading is that you can make a decent living at it, but only if you start with a sizeable amount of capital and are okay losing or breaking even for the first 2 or 3 years while you learn to identify proper entries. It will then become a job like any other. It's definitely not a get rich quick scheme, though.
@mnava4290
@mnava4290 28 күн бұрын
1% per day is not possible but 2-3 % per week (averaged over 50 weeks in a year) is possible. But it takes concentration and focus of an ace tennis player.
@Thepapperman
@Thepapperman 2 ай бұрын
Ive been trying to learn how to trade for 12 years im done im honestly thinking about startimg a ecomerce or some calisthenics youtube channel i wasted my whole 20s didnt even complete college and i gave up my dream to be a music producer trying to learn forex its not worth it
@donkovi6303
@donkovi6303 2 жыл бұрын
Hello Karson. Excuse me, but did you by coincidence delete my comment under this video that I posted earlier today? I did not mean to spam or anything, I was just asking a serious and long question that I wished to have answered.
@johannestams1422
@johannestams1422 8 күн бұрын
cause she knows she got exposed lmao
@shbmsrto
@shbmsrto 22 күн бұрын
Most people fail anything they do in life so 🤷🏿‍♂️ it's the same with entrepreneurship
@elysiajenkins3225
@elysiajenkins3225 11 күн бұрын
Even if you are only targeting small profit like 5 pips, the market can still completely swing right ? lets say you trade after London close when the volatility goes down, the market can just u-turn at any given moment. At least with stocks you have an idea how the company is doing. I feel like forex can be easily manipulated for retail traders
@JamesWillis-yy5px
@JamesWillis-yy5px 2 ай бұрын
My plan is to go from 1000 to 1 million within a year. 3% daily profits.
@PrynceLeeMusic
@PrynceLeeMusic 2 жыл бұрын
Very informative
@KarsonGaule
@KarsonGaule 2 жыл бұрын
Glad you found it useful
@jobmoses514
@jobmoses514 10 ай бұрын
i make $60 everyday on average with 30k account daytrading after more then 4 years, it's possible but requires discipline and lots of work. i only keep doing it beacause i love it. not for everyone
@Peter_Potato
@Peter_Potato 5 ай бұрын
This is the way. 👋 When you get to this stage you know it's possible to take it to the next level. You have the skill, you're willing to do the work AND you enjoy the process. Scaling up is down to the individual and their personal goals. Nowadays, there's sites like DarwinX or one of the many so-called 'prop' firms to leverage your success.
@mustafabaris9681
@mustafabaris9681 2 ай бұрын
If you are only making 60 USD on a 30K account and you have been doing this for 4 years then you are just wasting your time unless you have a goal to eventually double your daily gains...
@Methdemon
@Methdemon Ай бұрын
@@mustafabaris9681 that sounds alright if hes not using any leverage and trading things that hardly move.
@jamesaderinwale7891
@jamesaderinwale7891 Ай бұрын
@@mustafabaris9681 How could they have been wasting their time? If super consistent, that's 50% annual return. Which Hedge Fund manager or professional investor makes that in a year?
@mojik2411
@mojik2411 2 жыл бұрын
You save me thank you🌹🌹🌹
@KarsonGaule
@KarsonGaule 2 жыл бұрын
Haha you’re welcome
@2012turk
@2012turk Жыл бұрын
great video, can you please give me a link to these studies please?
@Investing4Wealth
@Investing4Wealth 6 ай бұрын
what she said is truth. Day trading stable profit is not easy for the long run !
@jinxypoes1
@jinxypoes1 22 күн бұрын
its an art that not many people can do,you need to be extreme good and within months or years develop your own technique strategy,most people think its fast money but it is not..
@mjpayne95
@mjpayne95 2 ай бұрын
How come on paper trading I can make thousands a day but when I do a real account I lose my ass?
@centerstar9212
@centerstar9212 Ай бұрын
When you don't know, you don't know.
@jle4433
@jle4433 5 ай бұрын
After over three years of busting my ass and slowly bleeding out my account, I wish I would never have started down this path. The final year was spent not wanting to face the truth. Don't do this to yourself.
@jle4433
@jle4433 4 ай бұрын
@@EdgeTradingFX- I haven't given up. I cannot, even if I should. I've invested too much time, money, and energy into making it work. I think I will end up being a profitable trader. Not a million dollar trader, but I'll get something from it. Will it have been worth it? Probably not. But I guess we'll see.
@laurivaltter
@laurivaltter 4 ай бұрын
@@jle4433 im legit so sorry for you
@laurivaltter
@laurivaltter 4 ай бұрын
@@jle4433 and even sad because i know you will never stop
@investingforbeginnerscommunity
@investingforbeginnerscommunity 20 күн бұрын
What can you say about Ricky Guitierrezz he has been day trading for almost a decade. And he is really good at it.
@thecanadakid7622
@thecanadakid7622 18 күн бұрын
The thing about your chart of 1% gains is once you have htat much mieny you cannot just get in and out easily witht those large amounts, hence why it starts to become impossible.
@santoshrao8033
@santoshrao8033 2 жыл бұрын
I was in stock market for 25 yrs
@BigWickTraders
@BigWickTraders 8 ай бұрын
You are guaranteed to be terrible at it when you start and you will blow your accounts. Most people give up after that. This is what is leading to the statistic that 97% of people fail. They do not take the statistics of those who stick with the profession and actually learn to trade. I have been trading for years and I am profitable.
@komfyk
@komfyk 7 ай бұрын
Do you have a 9-5 job?
@Peter_Potato
@Peter_Potato 5 ай бұрын
Another stat people shouldresearch is the 90/90/90 rule. A sobering stat
@DrHj-uz4cn
@DrHj-uz4cn 23 күн бұрын
You sure know how to make a professional retail trader special
@Paul-rp1ld
@Paul-rp1ld 23 сағат бұрын
Everything in life has risk.
@PainandSorrow
@PainandSorrow 5 ай бұрын
What about swing traders?
@user-ul1ku1ds9d
@user-ul1ku1ds9d 5 ай бұрын
This is not true for everyone. If you have a patience mind set, swing trade and keep your limits low you can do just fine. It’s when greed and gambling enter your mind where you can get in trouble. The only problem with day trading are the videos on KZbin. That is the core of the problem. What happens if you put your money in an index fund and the market crashes like in 2008? You will lose just as much…ETF don’t use stop loses and charge a lot of fees that diminish your return. No investment, ETF’s included are safe…none to the market. If someone wants to study how to do covered calls, which do have a very nice probability of returns, then who are you to stop someone? What are your credentials? Someone who just dumped all your money in a Vanguard ETF and see an annual percentage, which after fees and inflation is not the actual return? You advice is good for maybe a teenager who has a little money to his or her name but mature adults can decide on their own.
@arsenalmanic
@arsenalmanic 8 ай бұрын
if it was easy money or made any profit, they would be keeping it a secret not selling their so called secret (bullshit)
@catchvisuals2774
@catchvisuals2774 2 жыл бұрын
Ok i will yolo all my saving in one trade thanks!
@KarsonGaule
@KarsonGaule 2 жыл бұрын
I don’t think you understood the assignment haha
@Quintessence.
@Quintessence. 2 жыл бұрын
KARSON: excellent content. Well presented.
@KarsonGaule
@KarsonGaule 2 жыл бұрын
Thank you!
@critenks229
@critenks229 Ай бұрын
Its even worse because the youtube algorithm rewards rambling rather then getting to the point. So by the time you actually backtest their "strategy" you have watched the entire video and brought in ad revenue.
@alterego157
@alterego157 Ай бұрын
Investing guru throwing shade on trading gurus 😁
@rohitt4980
@rohitt4980 4 ай бұрын
One great man said - Technical Analysis works until it doesn’t 😂
@nonameman2006
@nonameman2006 Ай бұрын
Why it is "reasonable" to gain 1% daily in the first year and "does not make sense" in the 5th year? Just because the amount scares you?
@SseriousGgamer3
@SseriousGgamer3 5 ай бұрын
If we had the discipline of a monk master and the patience of Jobe we could make it in the day trading game. But then you realize if you actually had the discipline of a monk master and the patience of Jobe you would not be day trading at all. You'd be Warren buffet holding stocks that are worth a damn for years
@mehmet24a
@mehmet24a 3 ай бұрын
when was tesla 1000$? which year is this? 😅 3:44
@Lonwolf.
@Lonwolf. 2 ай бұрын
I’ve been trading now for four years. I became profitable around year three after I studied Mark Douglas trading in the zone psychology. The first two years I lost money because I didn’t have the mindset. I didn’t know what I was doing and I was sold on the get rich quick stuff. That’s why over 90% of traders fail. But if you told me I would be making 8 to 10,000 per month trading and not have a job five years ago I would say you were crazy. Trading is a game of losses. You have to treat it like a casino. You’re the casino if you can’t handle losses this game isn’t for you. It’s not like a regular 9 to 5 job.
@billiessphincter4104
@billiessphincter4104 7 ай бұрын
They make the money selling the courses
@KVIZZZZLE
@KVIZZZZLE 5 ай бұрын
aiming for $5-$10 a day to start off !!!
@rombusworkmoney22
@rombusworkmoney22 2 ай бұрын
I don't think you understand the topic you picked and are just trying to sell your investment services.
@Coffewithsteve
@Coffewithsteve 4 ай бұрын
You got be educated understand trading instead just jumping in with no knoledge
@billiessphincter4104
@billiessphincter4104 7 ай бұрын
52 weeks * 5 days =260 1% pr day * 260 that’s 536.5% profit 😂😂😂😂
@cheddarboyzz313
@cheddarboyzz313 2 ай бұрын
No I think you can do it.
@FrischesObst12
@FrischesObst12 3 ай бұрын
1 percent per day is not hard to make every day but it takes years of practice and discipline and enough of a brain to see the patterns.
@nljh
@nljh 6 ай бұрын
A paradise for bad wealthy people and a life consuming hobby for the middle-lower classes
@N-xi2zh
@N-xi2zh 4 ай бұрын
yeah it is like an opium den for us basement or skyrise apartment middle class types.
@billiessphincter4104
@billiessphincter4104 7 ай бұрын
Its gambling
@manoj35871
@manoj35871 Ай бұрын
let me tell u that day trading is putting 10 fish in pond and giving access to 1000 people ..making people to think each one will get fish ..but risking some money ..///..
@billiessphincter4104
@billiessphincter4104 7 ай бұрын
Mostly they rent the cars and Stuff to make all ads
@Peter_Potato
@Peter_Potato 5 ай бұрын
That's how you can tell apart the real traders from the fake gurus. Whilst the furus rent the lambo lifestyle, the real money makers are buying a "safe" family runaround and investing in property, real assets that won't depreciate fast and businesses seperate from the markets.
@Southeast_Asian_Devil
@Southeast_Asian_Devil 2 ай бұрын
Where's Destiny now, Melina? :))
@user-og6fe2kl9i
@user-og6fe2kl9i 10 ай бұрын
You look affordable 😌
@smeshnoymatvey2054
@smeshnoymatvey2054 11 ай бұрын
Of course day trading fails because even with 1:2 risk-reward ratio you are not profitable because you have to pay commissions, slippage, spreads, execution errors and missed trades. To make significant amount of money you need minimum 1:4 risk reward ratio and no sir no day trading strategy can offer 1:4 consistently.
@smeshnoymatvey2054
@smeshnoymatvey2054 11 ай бұрын
And most day traders risk 3 points to make 5 points. How horrible is that, I can't tell
@30Secretzzzz
@30Secretzzzz 9 ай бұрын
@@smeshnoymatvey2054lmao you can be profitable with as little as 1:1 (Including commissions). The trick is knowing where the market is SUPPOSED to go, not where you HOPE it goes. That skillset is achievable but most don’t have the discipline, patience, nor time to see it through. How do I know? Because I did it 🤷🏽‍♂️.
@Methdemon
@Methdemon Ай бұрын
@@smeshnoymatvey2054 yeah those are horrible. in a 1 to 1 trade you still lose money thanks to all those factors
@daniel6648
@daniel6648 21 күн бұрын
@@smeshnoymatvey2054 it's not only about rr, but the win rate overall. Successful traders can take 1:1, then let's say 5:1, so on average they are profitable. They don't blindly put 3:1 RR and close the laptop, but analyse every situation individually, evaluate the potential and adapt to the market.
@andrewkozak9799
@andrewkozak9799 Ай бұрын
can we make a rule that ONLY people with personal trading experience can make videos like this? instead of people talking out of their ass...
@gtaplayer4393
@gtaplayer4393 5 ай бұрын
the truth is you will fail a lot more before you be come success you can’t reach success until you fail
@MCwearedoom
@MCwearedoom 4 ай бұрын
But in trading if you fail a lot you run out of capital.😂
@gtaplayer4393
@gtaplayer4393 4 ай бұрын
@@MCwearedoom true but that why you need a job you can’t be a full time trade with no job lmao and also you need maximize your risk management and know when to cut loses
@gtaplayer4393
@gtaplayer4393 4 ай бұрын
@@MCwearedoom you could trade small amount at a time and build your wealthy slowly up but it time so building wealth doesn’t happen over night it takes months to years
@hishamflaneur5873
@hishamflaneur5873 2 жыл бұрын
It's just like gambling. + They've to deal with anxiety and losses. And if you want to sleep peacefully at night then better not to do day trading/intraday. I tried equity long term trading and it's a bit stable. You can target about how much profit you want a month and manage portfolio accordingly. Also to make sure to diversify the investment. Usually 10 % a month would be easily possible with swing trades. If taken educated calculated risks and invested after proper research about companies.
@Fighter4Street
@Fighter4Street Жыл бұрын
Exactly, it is gambling. This is what I tell anyone who is trading stocks its just gambling. What you lose is time, you could have learned to computer program in that time and actually make money. It is very true, there is so much anxiety and you lose sleep, its outright unhealthy. Most people will even wind up losing a lot of their money like I did. I kind of knew better but still got caught up in the gambling. And no, at the end of the day you will not beat the market averages, studies have proven this. If you are stock picking and not fully diversified you will lose all that money when these companies stock prices tank. If you are diversified, then you are going to be making market averages so just save your time and buy an index.
@Sswervyy
@Sswervyy 9 ай бұрын
if you go into something without any education and knowledge about it and just yolo your money, that makes you the gambler, not the stock market. gambling doesnt have strategies and education.
@Crazy09starkillor
@Crazy09starkillor 6 ай бұрын
It's only gambling if you go in being arrogant and a troglodyte. If you don't develop a strategy, understand the market and the instrument you are trading, backtest your system extensively, document drawdowns and market conditions that favors/unfavorable for your system. And execute a proper R/R for your specific system and don't deviate from your plan intraday. Then you are gambling. Imagine going into anything that present significant risk without proper preparation. Just nonsensical
@Peter_Potato
@Peter_Potato 5 ай бұрын
I also consider day trading as gambling especially as I entered via 'spread betting'. If you ignore the wisdom of this channel you need to find your edge whilst only putting tiny amounts of capital at risk. It's very important wannabe traders limit their losses as much as possible whilst they gain the necessary experience and consistency.
@harrycharalambous3477
@harrycharalambous3477 3 ай бұрын
Don't knock trading ,knock the scammy guru's and the folls that get sucked in by them . The 90% is over stated
@motiu1869
@motiu1869 2 ай бұрын
They use Demo account, too.
@WildL23
@WildL23 Ай бұрын
Well, Warren Buffet is not a day trader. He's a long long long term investor. If Warren Buffet really wanted to focus all of his efforts on being a day trader, I'm sure he could learn to make more than 20% per year.
@egepoyraz5460
@egepoyraz5460 2 ай бұрын
I don't think you have enough experience on the topic to talk about Day trading. Most people are just lazy, and they don't put in the work then expect overnight success. That is probably the 80% percent of "day traders".
@santoshrao8033
@santoshrao8033 2 жыл бұрын
I am an arbitrator…..
@juststuff5216
@juststuff5216 2 ай бұрын
*Empirically untrue!* _"A bad (insert pronoun = worker person) always blames (pronoun) tools"_ Problem is, most trade using two of their wrist emotions; greed, and fear! Algorithms make money because they don't bring emotions into trading, because they can't! Why do you think the biggest finical institutions pour billions into algorithms? However, an algorithm can't schmooze a potential client to part with their billions, with enticements or drunken trips to the club.
@benf4570
@benf4570 17 күн бұрын
They dont succeed fulltime mostly because they don't have 2 years or more of cash or investments to live on to learn how to do it properly. If your putting pressure on yourself to make money weekly or monthly to pay bills will make you fail easy. Thats why swing trading is better.
@ashmedia1883
@ashmedia1883 6 ай бұрын
No the goal is risk to reward i can lose 8 out of 10 times i can still make money wining two trade if i have a 1:6 r:r lady, but yeah its a 98% lose rate
@Peter_Potato
@Peter_Potato 5 ай бұрын
Personally, I've never thought about trades in terms of R:R. To my mind it would be inferring a specific target and in any case the R:R is dynamic, constantly changing once you've entered. I let the market determine my exit(s). Instead, I consider probability and stake according to the setup. I'm sure you would be aghast at some of my trades lol
@Methdemon
@Methdemon Ай бұрын
@@Peter_Potato honestly. sticking to a fixed R:R is just dumb. Every trade is dynamically different and should have different ratios.
@keepitreal2902
@keepitreal2902 4 ай бұрын
You are right. Wealth = Grind hard at a job for 30 years and invest in ETFs. I guess ill die poor then 😂
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