Should I Try Day Trading Again Since I'm Out Of Debt?

[@aaronpataki8378]

You called Dave Ramsey to ask if you should start day trading? 😂

[@Elizabeth-yg2mg]

It's taking him forever to get to the gd point. Will he ever?

[@davonbenson4361]

😂🤣😭!

[@brikeps5465]

His answer is that its better to pay off your home and then get another real estate. i would be 100 be the time i pay it off

[@jamisojo]

​​@@brikeps5465sounds like you didn't bother learning how to read either. If you don't have a good job, that should be your first priority. Not worrying about real estate that you cannot afford.

[@roadrunner9622]

Because he's looking for someone to talk him out of it.

[@yank4334]

i agree with dave! buy real-estate.. it all starts buy living below your means

[@UntilMakaveliReturns]

I do NOT need to watch this video to know what Dave said. Whoever called with this question wanted to get yelled at 😂

[@tracym8952]

Let's salute their courge

[@bdukes8075]

😂

[@9liveslisa]

My husband had a degree in economics and after we divorced he tried some day trading and he lost his shirt. I wouldn't advise day trading unless you can really afford to lose it all.

[@kvnd7331]

He must have done poorly in college then, the EMH should be ingrained in any decent economics students' mind and the clear implication of it is you can't profitably trade this way (compared to what you'd make in a passive index fund)

[@RandalC-hy5ke]

You’re taking an anecdotal situation and giving advice like you know what you’re talking about. SMH Lisa

[@9liveslisa]

@@RandalC-hy5ke Oh get over yourself

[@Dontrolling]

@@RandalC-hy5keshe is right nonetheless, most people aren’t prepared for the risks when it comes to day trading and how it can be just as addicting as gambling. The statistics are too high in risks. If it’s in your lane and you study it for a living then maybe the risk is worth it but if you’re going to jump in for quick cash without analyzing all the risks which many people do, gotta blame yourself, not the method, not the time, not the other people trading on the same platform, ect. Get rich quick schemes never end well for majority of society.

[@southafricasoccerstars]

Was it a really nice shirt?

[@PaulHunt]

"best way to get rich quick is get rich slow"

[@JosephSaad13]

if statistics say 78% of traders lose, thats 22% success rate. Theres a 5% acceptance rate into med school.

[@lucassmith4631]

Nope because 100% of mcdonalds full time workers make 20k a year 22% of those are not making me than 1k a year

[@fauxbro1983]

Just let compound interest do its thing. Buy an S&p500 index. I've got friends who were engineers and MBAs and tried commodities trading. It didn't end well

[@Tenjiecorner]

@@FreedomFighter485 at least tramway is better than crashing assuming your goal is to saving your money

[@deltapromasterlauj4848]

funny how people think a degree is gonna help people with day trading🤦🤦🤦🤦🤦🤦

[@quintonmaldonado8368]

Degrees have nothing to do with day trading. Literally meaninglessness. I see people that super analyze things that take me a few seconds at thos point. If you day trade the same thing for so long there's only so many different oatterns you can see. I cajt stand to listen to "intelligent people" try to chicken bawk theyr way through trading with fancy terms and concepts. Thr markets move in only 2 different directions. The question is how much will it move and can catch a little of it. Im wrong 70% of the time and still profitable.

[@newyorkgooner1563]

I day trade. The first day of every month I put in one share of VTI, it’s worked out so far

[@angel1buffy]

This aged like milk "I didn't buy crypto and now I look like a freakin genius" 😂😂😂

[@Cyanopteryx]

I made $300 the first time I traded anything and had zero idea what I was doing. I know beginners luck when I get it. I took that 300 and added it to my IRA. I know if I got into day trading I'd lose big.

[@ditchthecharts]

Great video! Also important to look outside the charts and view company fundamentals and recent news. Trade the facts and ditch the charts!

[@NatanValencia]

I only take trading advice from winning traders. (Yes, it is possible to win at day trading, but my standard advice is: Don't start if you expect to win in the first 3 years of day trading)

[@Jeguia85]

Once you learn Options, you have a chance. You start making money so fast you get greedy and that’s when you loose.

[@kaizenborntowin]

The edge in day trading is shorting small caps, usually sketchy biotechs.

[@DLGNT]

Most brokers don’t allow shorting small caps

[@Essays4College]

Why day trading and not weekly trading or monthly trading?

[@michael589m]

Trading gaps on the daily

[@DLGNT]

@@michael589m lmao yup that’s the easiest strategy by far. Made about 470% in the last 5 months doing that

[@michael589m]

@@DLGNT I’ve been using inverse etfs on a cash account or use them as a hedge on retirement accounts. You can target gaps that are pretty far out and you can hold the position essentially forever without margin. Unlimited time and a 90% chance of gap fill I don’t have a reason to trade anything else anymore.

[@Chet_24]

Should be an automatic no. If you're one of the few who can day trade, im happy for you. Saving $ or buying a stock or index fund is good enough for me.

[@lmelior]

I made super risky day-trades for a few days, got lucky and made 30%, decided I'd had enough, and stopped. 🤣

[@a12mx]

Good call

[@Primitive_Code]

Good. I went to the casino and made $150 at the roulette table.

[@Ink30]

Good run

[@costco_pizza]

Yes but how much did you lose. Don’t just tell us how much you made but also include how much you lose.

[@fuse911]

@@Primitive_Code thats not a big thing lol the bad part would be to think you can do it again

[@TradingGzwithG]

“And now i look like a freakin genius” 😂😂😂😂😂😂

[@Rabid_Turtle]

Except crypto is sitting at all time highs 🤣🤣🤣🤣

[@monte9696]

@@Rabid_Turtle That's what I came here to say. He missed on that one.

[@jamisojo]

​@@Rabid_Turtlewe will talk to you again when crypto worthless. 😂🤣😂🤣

[@Rabid_Turtle]

@@jamisojo You and Dave have been saying this for 10 years. When does it become “worthless”? 🤣🤣🤣🤣

[@TradingGzwithG]

Lmaoooo

[@roadrunner9622]

The tone of his voice when he said, "or should I just LEAVE IT ALONE?" shows that he's tempted but he already knows the answer.

[@quintonsullivan2713]

I know Dave hates buying individual stocks, but Berkshire Hathaway is pretty much a mutual fund with no fee

[@musicpro7278]

Berkshire Hathaway is not an individual stock

[@musicpro7278]

Is like saying the s&p is an individual stocm

[@Dan16673]

You afford 240k a share?

[@quintonsullivan2713]

No I buy class B

[@andreasasatya9188]

This person gets it

[@williekenk]

I think if you’re going to do day trading, you should work it into the budget as luxury or fun money. Similar to a gambling budget on a vacation. But don’t plan on it as an investment. Look at it as a hobby.

[@theglassarrow_]

Dont even look at is as a hobby. at most its just something fun to do every so often. Its like drinking, dont make it a hobby but having some every so often isnt horrible.

[@Essays4College]

Why DAY trading and not WEEKLY trading? Why are people so obsessed with fast money???????

[@ahsoka6807]

He should do that but he should do paper trading before even doing that.

[@jamisojo]

You should find a real hobby instead of day trading for a hobby. Gambling is also a stupid hobby.

[@eden821]

I am investor and tried day trading. Got busted stone cold and gained gambling mentality very hard to ditch 😢.

[@DMS20231]

I don’t think there is anything fundamentally wrong with day trading a stock you don’t mind owning if you have the discipline to hold it if it moves against you.

[@theresa78201]

Excellent point! I have an analogy for this: years ago I considered buying clothes and shoes in my size, and trying to sell them on Ebay. If I could sell an item, great. If I could not sell an item, I would at least have a new garment or pair of shoes for my own use.

[@daminh9245]

Thought Dave was gonna slip on one of those “freakings”. Lol

[@ClaxtonBay123]

Real estate isn't a bad idea.Or he can simply invest more than the 15% to retire earlier or with a lot more money long-term. If your retirement accounts are maxed open up a brokerage account

[@LooksGoodMusic]

Did dave just say he looks like a genius for not buying crypto? In what world

[@peterrobbins6691]

Yeah, I was going to buy one bit coin when it was 5000 in 2020, but I chickened out. I missed out on about $100K.

[@jimmymcgill6778]

It's ninety seven percent lose money. Investing is long term. Taxes would be a lot on that.

[@todd2456]

All of the studies actually say that more than 78% of day traders lose money. Most studies say between 89-90% lose money. Even on the Ramsey website, it says 97%, so I've always wondered why Dave always uses the 78% number.

[@michaelcarter266]

That number might jump around alot.

[@todd2456]

@@michaelcarter266 a lot

[@Muircure]

I definitely lost 78% of my investment day trading

[@mrcloudd1056]

78% of statistics are made up on the spot.

[@pagalhokya]

I thought it was 97% don't make anything, and 78% lose money.

[@FrischesObst12]

I mean, you can make money day trading but you have to do it every day and treat it like a full time job. You also have to stick to a specifc plan and be extremely rigid. You have to not be depressed about lossess and not be too happy if you make money. I use it to generate 2-3k per week for myself. It pays the bills. It's not making me rich and I don't expect it to d so.

[@amandaholm6097]

Thank you for saying this itsvtrue it's reserved for the rare people that can control themselves that don't gamble

[@KXXNGp]

Every trader loses money including the ones in profit, but that’s why you have proper risk management, the market always has a pattern you can use to predict the future. matter of fact real estate is a lot like trading because depending on the time of year or the state of the current economy, cost of property will go up or down

[@jready1455]

Real estate is a form of investment and isn't like trading at all. Trading is speculating about short term price movements which more often than not are impossible to predict. There are concrete ways to be successful at real estate, which isn't the case for trading. Trading is a lot like trying to make it big playing poker, only a very tiny percentage of people that attempt it will actually be able to. Sure you can improve your risk management, but the actual thing that makes you profit is the edge which is very obscure and subjective. Even if you do find an edge trading, it wont last since the market and algorithms that drive it are constantly changing and adapting to be as efficient as possible.

[@hanikinani7834]

Where can we get that awesome "Better Than I Deserve" sticker!!! 🙂

[@theresa78201]

I wonder if that was for employees only, lol.

[@LoowkTrades]

Trading is something you should do if you are going to commit to it. Its doable but as someone who does it I know most cant. Its the only thing i ever had a passion for so committed to it and now I can grow my money whilst working alongside it

[@Desantisgogoboots]

🤣🤣🤣

[@zaidabuffkins6149]

Just let my son listen to this, cos I can't explain it like this ❤❤❤

[@wilsoncondo-l3r]

You can advise your son to stay in the simulation mode for two years without investing money. Using profirms. After two years, he will understand the market and will know what is happening or what is trying to do the price, probably he may start making money . Is not gambling. Is another career but needs a good education. If somebody looks at the chart without education, will be totally lost, and that is why you lose money. I recommend the futures market. Sp500 is the best.

[@Ryan_DeWitt]

You can make a whole lot of money day trading. You can also make a whole lot of money sports betting. Odds are great that you won't though.

[@felipeoliveira2219]

Dave is wrong lol not 78% its way more... 97% of daytraders lose money

[@JustMakingDreams]

Correct so do the opposite of the masses and you to can succeed

[@satyannair4837]

I was thinking the same thing. It is 89% here in India since the pandemic. In fact, studies in the West have constantly generated a number upwards of 90%. If it is indeed 78%, then I would take it up myself.

[@MrJimmy3459]

It's the same as gambling in Vegas

[@JustMakingDreams]

yeah i like that better that makes me a 3% er!!!!!!

[@tonyj9203]

But, he didn't google it. Like you may have. He was speaking from the dome. Facts tend to get a bit jumbled in our memories.

[@h80k]

The craps table comment... I felt that... and he's right!

[@thegenxgamerr]

Yes, you can do daytrading if it’s money you can afford to lose. It’s like gambling you know this you don’t need to call the Ramsey net work they’re never gonna tell you to go ahead and gamble your money. Lol. Take a percent of your income that you can afford to lose have at it. Good luck.

[@bighands69]

Speculating is just putting your money into something that you do not understand in the hope that it will return money to you. Investing involves analysis and testing that analysis against proven factors.

[@theresa78201]

When you consider how expensive some hobbies are (golf, scuba diving, collecting collectibles) this is not a bad idea.

[@HikeBikeHome]

I used to day or week ish trading with a very small percent of my portfolio in my Roth IRA. I used to take 10k which is a tiny percentage of the portfolio and buy and sell blue chips like WMT, GOOG, MSFT that I already did hold for long term etc. I did zero research other then look at a 1 year stock chart and notice this stock is near a 52 week low and most stocks move 1-3% a day on an average day. So I’d just buy and sell and make $100 a day ish. With 250 trading days a year it made a little money. Nothing that is going to change anything. Also several times I ended up owning an individual stock for a week, several months or a year or more, but I didn’t mind because I was very comfortable holding that individual stock in that small amount long term. But Dave is 100% right. 99% of my portfolio is the buy and hold mutual funds indexes ETF etc for the long term.

[@theowl2044]

The problem with day trading is knowing when to stop. You get greedy and lose everything.

[@unapologeticpatriot6504]

That’s why you would need proper systemic risk to reward management. That way greed can’t consume you.

[@threejaguar]

Day trading requires an extensive knowledge of investor psychology. Trading requires two parties, a buy and a seller. It is not a machine where you can always buy or sell at a given price You are competing against other individuals. If you can't predict accurately the decisions of others, you will lose your shirt.

[@frankcb11]

There is a lot of machines

[@Essays4College]

Why day trading and not weekly trading or monthly trading?

[@frankcb11]

@@Essays4College I have always wanted that. Weekly, biweekly and monthly can help having more data which allows you to make better bets. I think day trading is just a general term. Some of the most successful traders might as well be called weekly traders.

[@unapologeticpatriot6504]

@@Essays4Collegeit’s called swing/position trading

[@diggernash1]

I invest to have a known retirement date. I speculate on the side for a chance to stop working much sooner.

[@mdaniels6311]

My portfolio is up 350% from a year ago via index fund and couple of big tech companies. Seems to work fine for me.

[@soillie3843]

I'v been trading since 2021 now ..I'll admit I took some losses in the begining but now i win about 80% of my trades,10-15% return on my Investment in 2 hours ..It takes a while to learn but really rewarding when done with the right mindset..

[@jamisojo]

I doubt it. What was your total income from trading during 2022 and 2023?

[@soillie3843]

Strarted with 1400 finshed with 7k after taxes 5200

[@YushaR2905]

@@soillie3843👍🏽

[@CryptoAshkn]

Risking 20% 😂

[@Hiraeth-zq8ze]

Ramsey is wrong about investing in mutual funds over index funds. The fees that mutual funds take and the fact that 83% underperform the S&P makes them vastly inferior investments compared to index funds.

[@rnt45t1]

Dave doesn't make money when he recommends low cost index funds. Wise up, people!

[@MusicPhrase]

Many mutual funds are index funds genius.

[@Hiraeth-zq8ze]

@@rnt45t1 he recommends actively managed funds, just because he isn’t paid by fund managers doesn’t mean he isn’t wrong.

[@elcheekoful]

Dave himself said in a interview after he had so much money saved up. He just put it in a s&p 500 like VOO. Because it better then a CD. Now that's a index fund. He hates individual stocks.

[@johnkoch7386]

@@MusicPhrase I think the initial commentator meant to invest in low fee index funds rather than some of the ramsey "partners" who put money in mutual funds, only to charge a high fee to "manage it"

[@TrainerAQ]

Day trading is like playing Poker. Only one person wins big. Everyone else fronts the bill.

[@amireallythatgrumpy6508]

And the person that wins loses it all the next day.

[@lombardo141]

@@amireallythatgrumpy6508 I fee attacked 🥲

[@miclam00]

Not true at all. Retail traders are tiny fish in a vast ocean. The successful ones ride the wake of the big fish (market makers).

[@Snappingttturtlle]

​@@miclam00😂😂😂

[@quintonmaldonado8368]

Hes telling you facts and you laugh while knowing nothing.

[@BlackBearDogTrading]

Justin isn't on the show to ask for advice or guidance. He just wants to brag how he got his financial ducks in a row. He said he use to work in the financial industry. If that is true, it proves he already knew the answer to his question before he called. That said; should you day-trade? Only and ONLY if you have a very large trading account that allows you to take advantage of a few pips movement. and of course if you know what you are doing and you are disciplined to stick to that plan.

[@angloblaxon]

Not a trader but i made majority of my wealth on the markets over a short period of time. Real estate isnt my thing. Stocks are.

[@LanceJapan]

You can't dabble or just have a go with trading. If you do trading, you have to do it properly, you have to get your strategy together, your back testing, your psychology, and its not a play with thing, its a serious business and when you play, there is no C grade, you are instantly playing against the worlds best A grade elite traders. Can you win if you treat it like a "I"ll play around a bit and try" mentality? (Answer: NO). It takes hard work.

[@jamisojo]

Sounds super lame. Might as well get a job on Wall Street.

[@joshuaneave7865]

@@jamisojoidk I thinks it pretty cool🤷‍♂️

[@Desantisgogoboots]

You obviously weren't paying attention to the video 🙄

[@LanceJapan]

@@Desantisgogoboots Do you want to explain or............?

[@exclusive2126]

If you want to skip out on buying those new shoes and taking that vacation, it’s not wrong to use the little cash you have on the side to dabble in the markets.

[@TradingGzwithG]

I taught myself how to day trade. Its easier than you think to win. People are scared and don’t strategize properly

[@artboy789]

I did trade the futures using candlestick charts and it is really easy once you know how to do it

[@michaelmalone1624]

I have day traded on and off for decades. I have made money and lost money but over the last few years it has turned into a nice profitable hoby. Today I scalp a few small trades for a couple of hours in the morning (premarket) then put it away. Dont even think of getting into to this with real money till you spend at least 6 months as a disciplined paper trader. Be prepared to lose 100% of the money you put into it. Stay away from options.

[@COMMANDRofAWESUM]

“Dave, should I bet the over in the football game or invest in my future?”

[@WeBeatMedicare6969]

Always go over…sucks watching a game rooting for nobody to score lol

[@Ife-Emmanuel]

You didn't buy crypto and you look like a freaking genius? Wake up Dave😂

[@IMKingCash]

I think ALL forms of trade or investing can be considered gambling if you don't know what you're doing. If you are trying to become a millionaire overnight with day trading, that will not happen. But if you're trying to make a few bucks ($10-$50 per trade) you could make a decent supplemental income. You may get really good at it (still not a millionaire) where you can make $50-$100 per trade, some can even make thousands per trade with enough preparation and due diligence. If you buy real estate and hope it goes up in value to make a profit, that can be considered gambling as well. However, if you know how to use real estate as a instrument of trade, you can make a lot of money. The true wealth comes from dividends, rental income, interest, royalties, etc. Your goal is to buy as many of these things that make a monthly income. Over the long run, you can make millions on a yearly basis because the rental income, dividends, etc.are earning hundreds of thousands of dollars each month.

[@gmoney5729]

No one ever says “yeah I’m a millionaire from airline miles” No one claims that. People can have no debt, be wealthy, and still use CC responsibly.

[@truckingmoney485]

Saying don’t use cc is like saying don’t use coupons or buy anything on a discount. It won’t make u rich but everyone likes to save a few bucks when they can

[@amireallythatgrumpy6508]

Using CC is inherently irresponsible.

[@WeBeatMedicare6969]

@@amireallythatgrumpy6508 lol

[@gmoney5729]

@@amireallythatgrumpy6508 could you explain to me how you came to that conclusion?

[@Matt-cr4vv]

Obviously. He says it as an exaggeration to drive home the point he’s actually making not because he actually thinks somebody would say that. The point of that snippet is simply that people focus so much on the little stuff like airline miles and give it so much of their energy when it’s not ever going to be the difference of building wealth or not. So he makes the exaggeration to say people should stop getting so caught up on things like that that are never how somebody obtained their wealth when the focus should be on the positive everyday habits people had that actually did result in their wealth. For Dave he sees a CC as a tool that causes harm much more often than not for a lot of people and so for him keeping that danger around to chase the rewards isn’t a good trade off. If you’re Dave you look at it and say why take on a risk that harms people all the time to gain something that is never the driving factor to becoming wealthy and why is that taking your focus? I use a CC and have for 8 years and have never paid interest on it and use the 5-600 in cash back to pay for Xmas gifts for family members every year. It’s just what I’m used to by now but I’m also debt free, invest 15% and focus on the habits that build wealth. The rewards of the card mean zero in my overall net worth and aren’t my focus it’s just the way I’ve paid for things for long enough now handling it akin to a debit card (checking and paying the posted balance daily) that it’s just my normal. And I didn’t transition to that for rewards it happened after I began working in banking right after s huge data breach and was paranoid about my checking account being drained. But the rewards of the card get zero to my financial focus because in the grand scale they mean nothing to me ever becoming wealthy so why would they ever get mh focus?

[@MyNameIsCorey]

Day trading is not gambling when it's done properly. It's a skill to make income like anything else. Study the charts, stick to one or two trading plans, and develop good risk management

[@charlesyoung9980]

Neither is marriage. But people lose half or more of their money every day.

[@amireallythatgrumpy6508]

Day trading is a gamble. It is impossible to have the knowledge required to do it properly.

[@lukerider479]

@@amireallythatgrumpy6508 but nearly 1/4 make money doing it. So you are objectionably wrong

[@amireallythatgrumpy6508]

@@lukerider479 Oh and by the way, if only 1/4 are making any money from it, by definition that would make it "a gamble" so I'm objectively RIGHT.

[@amireallythatgrumpy6508]

@@lukerider479 Also: "objectionably". LOL.

[@autordijanaferkovic]

I knew the answer before Dave answered 😀

[@Satisfying_channel654]

I mean the reason so many people lose money is because they don’t know what they’re doing the more time you spend learning to trade the more likely it is for you to make money In order for you to make money day trading other traders have to lose money so if you know what you’re doing the fact that such a large percentage of people lose money day trading is a good thing because that means the other small percentage of people who do know what you’re doing and are actually profitable are just taking all the dummies money

[@HarryHaroldCruz]

Day Trading is like playing with cobra. You get thrills until you get bit. Then it's downward spiral from there.

[@GTAdegen]

would love to see a debate between dave and an actual day trader not just some guy whos essentially just gambled his savings away

[@futureforward3153]

99% should not trade at all. the 1% that make it.. position trade. which looks a lot more like buying cheap houses and flipping them than day trading. it also requires about the same amount of timek, meticulous research, hyperfocused risk managment and working capital to do correctly. so yeah.

[@jeffdarleneriel5628]

What is Jade’s finance credentials? Her website said she was a voice coach. Be careful where you get your finial advice. Paying off a ton of debt does not make you a qualified financial advisor.

[@amireallythatgrumpy6508]

Anyone who advises against day trading is qualified.

[@scarpfish]

Lol. What are Dave's finance credentials?

[@johnhoke6055]

This guy said I checked and my 529 is in a mutual account, and then wants to start day trading... Laughable

[@Primitive_Code]

I was sparkling in my momma's eye in 1982 🤣.

[@4knewt505]

So glad I watched this video!! I hate gambling and if that’s eat day trading is, count me out. This video had more info in it that I was praying on.

[@xxrounds64]

Day trading becomes easier (not easy) when you stop "dabbling". Im tryna use that to become free from a job later on. You're either in it or you're not

[@alexallwell4102]

I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..

[@kelvinrichard6157]

That's awesome

[@kelvinrichard6157]

What source/platform did you use to earn such a large sum of money?

[@kelvinrichard6157]

As I know it's possible, I'd appreciate it if you showed me how to do it.

[@alexallwell4102]

It was with the help of Cassandra Roberts i am who i am today

[@alexallwell4102]

I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts

[@J.futch97]

You sound competent enough to make your own call on that. Maybe Dave doesn't have all the answers. Do what's best for you.

[@JackRayFishhh]

yup. Dave also isn't a professional fisherman

[@franny11786]

Well that may be but he is right about this

[@stevetren9248]

Day trading is fine if you use a cash only account and budget it as entertainment only. Just Don’t get caught up in an addiction.

[@kenyattaknox5163]

I don’t know…it’s risky. And risk is the main ingredient for addictions.

[@stevetren9248]

@@kenyattaknox5163 it’s no different than people that vacation at Vegas casinos or bet on horses or sports. 100’s of thousand of people do it everyday. Just need to understand it’s pure gambling.

[@jamisojo]

I recommend yoga instead. Better long-term investment of a hobby. 😉

[@unapologeticpatriot6504]

@@stevetren9248I wouldn’t consider those things analogous to trading. You have far less control over risk and rewards in typical gambling. Trading you can always decide how much you want to risk and how much you want to make. In casinos you must risk what you want to earn. Also you in trading you can develop market strategies and backtest those strategies, which means you can know with high confidence that overtime if you follow that rule based market strategy, you will remain profitable.

[@vernfb5189]

Worse than Day Trading are the videos on KZbin that say " Make $300 per day". I tried about 50 of these schemes and not one of them have worked.

[@RedBullishTrading]

Day trading is risky. You know whats far less risky? Good education/strategies in weekly and monthly trading.

[@robertmarlo6668]

Not buying crypto all these years is no way f..g genius

[@zacharyperry-c3n]

People lose in trading because the lack of a strategy , also they are buying incorrect stocks, as well they’re trading in the wrong time. The lack of knowledge in the markets and doesn’t understand . Don’t put the strategy to work in a simulator and understand this a long term commitment to your self. Understand and successful traders build wealth by starting slow and learning as they go. Ross Cameron is perfect example , he made 215,000 last month so someone do it right

[@TuanLe-lc9lk]

I personally don’t know what Dave is talking about. I’ve earn from 2023-2024 I’ve raked in $140K just on profit alone from stock. My income is a separate thing

[@Ea79000ea]

Trading works in times of volatility. You need to sell options too.

[@amireallythatgrumpy6508]

It works for SOME in all times. It never works for EVERYONE.

[@meeraj-4774]

You don't ask financial advice from broke people. Just like that don't ask trading advice from Dave ask someone who is successful in that.

[@amireallythatgrumpy6508]

Being successful in daytrading is 100% luck.

[@charlesyoung9980]

That's like asking.. Should I commit another felony since I am out of prison.

[@CarlosAlvarado-sf6km]

🎯🎯

[@jacobharrison6674]

Good one

[@tkdevlop]

well nobody is stopping except the consequences.

[@atverde]

Sorry...I really don't see the difference between speculating and gambling. Ramsey says that day traders think they're "good at it". Well, so do gamblers.

[@jimmymcgill6778]

That is a straight up lie. Jade does not remember him.

[@WifeofaJer]

Well she remembers there was a man that called

[@jimroscovius]

Sure she does. I remember calls I got years ago.

[@jimmymcgill6778]

@@jimroscovius Sure you do?

[@theresa78201]

It's more polite than saying, "No, I don't remember your call at all."

[@JohnJohn-wr1jo]

Day trading.... Haven't heard that term in 10 years. Why not plunk it all down on a March Madness bracket. Same difference.

[@Primitive_Code]

I prefer the roulette wheel at my casino.

[@joshuawilliams6153]

This didn't age well with Crypto lol but I do agree with no day trading. It's not worth it

[@pdpgkeeper]

Oh this is gonna be good

[@jdub_bkv6598]

I paid off my house buying crypto while my friends called me crazy lol. Now I'll hold for the long term

[@JasonGroom]

The fact that you did not have any of 10,000 millionaire that made their money day trading means you did not pick any successful day traders. They exist, they are rare, but they exist. It is just another fault in his magical study that only reports exactly what he says. Also, hate to break it to him, but the average networth millionaire is middle class.

[@Lon1001]

If he wants to take a hundred bucks and play around with day trading because he enjoys that form of gambling as a form of entertainment, and self-regulating isn't an issue then sure why not for a little fun here and there. It's not a way to invest though, why would he think Dave would tell him to?? Is he trolling for the attention?

[@JonathanIvy221]

This guy literally called to troll 😅

[@Itsmattbane]

I understand the volatility of Bitcoin is enormous, but at least when I'm watching this it has set an all time high in the past month of somewhere around $108K. So at least in this moment in history the "I didn't buy crypto, I look like a genius" remark didn't age well. But again I get it's still super volatile and the statement could be back in vogue later today.

[@theraddadinvestor1000]

this cracks me up

[@leroymorris6036]

Real estate? ETF's, small business?

[@TheY2AProblem]

Only invest what you’re ok with losing. If you’re ok with losing $100, only invest $100. That’s it, that’s the comment.

[@Mkundera]

Does Dave still look like a genius for not buying Bitcoin? He’s missed the greatest asymmetrical investment of his lifetime and a world-wide shift to digital money. Giving investment advice is his profession. This isn’t just stupid, it’s malpractice. “It’s ok to be wrong, it’s not ok to stay wrong.” “Bitcoin is an IQ test.” Dave hasn’t done the work.

[@joeriveracomedy]

2:08 question begins. Hoover fest ends.

[@jasmynesartstudio]

Thank you. This guy is annoying

[@michaelwoods4495]

Go ahead if you want. Just make it a hobby and keep the amounts to what you're willing to lose.

[@musicpro7278]

To me no amount of money is worth losing so I'm staying away from that

[@jamisojo]

Or find a hobby that doesn't suck.

[@saulcruz87]

“That’s why I didn’t buy crypto and now I look like a freakin genius” Are you sure about that?

[@turtleanton6539]

I say no

[@adamseidel9780]

Get all your investments and savings contributions laid out, and then with any additional entertainment extra dollars you can play around with stock picking, day trading, etc.

[@jamisojo]

Sounds like a very lame hobby.

[@abstractbybrian]

I want to do day trading only because I have a health issue…is there some type of investing I could do lying in bed all day?

[@theparodychannel7842]

FUND TRADING! BUY FUNDS AND THEN HOLD THEM FOREVER!

[@LostShamen]

Not buying crypto aged well

[@mationinfo]

Don't be a fool. Do not play with money that you cannot afford to lose

[@todd2456]

LOOSE??? C'mon, man!

[@mationinfo]

@@todd2456you are paying intention that is good. Correction has been made. 👍

[@lkj0822g]

I view day trading the same as I do going to Vegas and visiting a casino. It is pure speculation so do it with money that you don't mind losing.

[@miclam00]

The difference is, you can find an edge day trading. If you do that in a casino they kick you out.

[@PeraltaTV.]

I am experimenting with 100€ budget, buying good actives and never sell on red and i am very happy when i do 10€ in one mouth. Never hurts doing experiments if you are not a idiot and have a good day and think if you put 1000 and you will be doing 100 alot more instead of thinking you can lose mutch more