Trade Assuming You Will Be WRONG

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I made a few trades the past few years and it has worked out for me. I am highlighted some of the strategies I employed and how to properly dollar cost average. Everybody has different skills and you need to find out what type of investor you are. For me, I tend to do best when trading a few times a year while active trading tends to be too much work and too stressful.
Making small moves and dollar cost average has worked out for me so I just wanted to cover the theory behind what I am currently doing.
#dollarcostaveraging #portfoliomanagement #passivetrading
Don’t beat around the bush, beat the bush!
I enjoy a good discussion but I like getting to the point even more.
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[@NicksDynasty]

I like buying and setting a target gain and then creating a limit sell order for that target. Most of the time I will sell my cost basis plus a little profit and let the rest ride up hopefully.

[@Tomassification]

Even if you are lucky to win some extra $ with the day trading, consider how much personal time and stress do you invest into this activity, plus add all the opportunity cost that miss while doing it. Just invest long term in index and forget about it. Use that time to do other meaningful activities and as result you will eventually end up in a significantly better position.

[@BeatTheBush]

I would consider 3-4 trades per year not day trading. 3-4 times a day is day trading.

[@Dracomies]

I do this with some stocks too and it can be pretty effective. But also sometimes it can be really nerve-racking. In February 2020, the S&P 500 dropped like 30 percent in a single month (From Feb 2020 to March 2020). I initially kept buying every 5% drop. But after a while it got really scary. But with some stocks, ie now, I did that with Meta and it's been paying off. I feel like every 5 percent drop I'm ok with putting just a smidgen in each time.

[@shikaryun]

I'm primarily a short-term retail derivatives trader. But for medium term trades this is actually decent advice. Sounds simple but most people will have trouble following it.

[@hz240]

Agreed, the index is a safe bet. It is a gamble with Tesla now but maybe worthwhile investment to hold long-term or wait for bigger dips (if we ever get market correction). Buffet apparently has a 10% stake in BYD which overtook Telsa as the largest ev producer. Any reservations? Nvidia is pricey but appears to be trending on the same trajectory as Tesla during its peak prior to split. May potentially double with AI advancement.

[@gulden_lover]

Great video. Makes a lot of sense.

[@colorsofavon934]

💖Love this content. It really helps me learn something new.

[@damsel72]

What is your advice on paying $2.50 a month for an investment program offered through a bank? I have never invested- not wealthy, but my bank has a program that allows you to choose stocks or they will etc. min. Investment is $1.00. Sounds like a scam? Curious

[@kylemckennie2599]

I had the trade bug today said no too stressful but if your gonna trade why not use ur ira so you dont pay tax just use like 7k

[@ericchang9568]

Totally agree. I have a portfolio which I traded actively, compared to another one that simply invest in VOO. For the last 5 years I outperformed VOO but since the last year VOO has outperformed my active trading portfolio, so I decided it's not worth the time and energy I spent on that & switch everything to VOO now.

[@mbank3832]

What about VTI ?

[@dvran]

Average person doesn’t understand basic percentages. If you’re up 500% in your portfolio over the course of 10 years, a recession with a 50% stock is half of the portfolio. A one year recession can bust a decade of gains.

[@BeatTheBush]

At least if you hold an index, just ride it out and it'll recover. Individual stocks might not come back.

[@dennisbbb]

What good is understanding all this number fudging? I just know a dollar profit is dollar profit and a dollar not lost is also profit.

[@jkimo1178]

I hope you're buying TSLA. Also, you gotta look up Tom Nash and his method of investing in high conviction stocks/companies. He never goes "All in" but has an interesting way of DCAing.

[@Lukas-cm2b]

i am a single stock investor, and as such i read the news etc every day. some days recently i cant even focus on work and watching the chart like each minute, it is like OCD really. everyone who is heavy invested knows this. luckily recently after long years of pain my stock goes up, so i hope it will continue further so i will be hopefully rich.

[@raymondchriszhanghernandez4789]

ive wanted to dablle into this and i did for a little bit and i lost money. im thinking of trying it again but not sure. Thanks for sharing :)

[@betserv.1187]

Do you also listen to Jim Cramer's stock picks?

[@davejoseph5615]

I would like to play games like this inside a Roth, but in my regular brokerage account it scares me when something spikes up, because of the taxes.

[@according2joel450]

Hey great Video. BTB what happened with your dogecoin?

[@BeatTheBush]

I had an update on that a few videos ago.

[@stevegovea1]

I'm thanking you for the video you did 7yrs ago about how to increase credit with a $500 credit line. Keep up the great content.

[@BeatTheBush]

Nice! Glad it helped you.

[@joe-vl3nd]

Always good info need more help for the average person on $30.000 year ..credit mortgage etc 👍🏴󠁧󠁢󠁷󠁬󠁳󠁿

[@sandiellett1786]

People that change jobs get an average of 30% increase in pay, people who stay at the same job usually get 2% raises yearly. Working towards promotions can help you get 10-30% increases in pay in the same company.

[@SuperM4000]

Would love to hear your thoughts on other types of FIRE such as coast-FIRE or barista-FIRE.

[@BeatTheBush]

FIRE... what a topic huh? I'll talk about FIRE more soon.

[@k10158]

What do you do with the profits you get along the way? Do you take the 1/4 profit from Meta and reinvest in VOO or something else?

[@BeatTheBush]

Sold 1/4 of Meta, used 1/4 of that to buy Tsla. Next move likely if things move by more than 10% or 2-3 months later.

[@kylemckennie2599]

Im glad at my age we have had same experiences and are on same page im only 25 been watching u since i was like 20 it feels like

[@Penelope416]

What methods did you use to trade? Did you mark up your support and resistance level, supply and demand levels, determine the difference between a pullback or a retest? Where did you learn to trade? Did you have an actual mentor or use other sources? Sorry for so many questions! Just curious as to how people get the bag! 💰 😄😃😄

[@BeatTheBush]

Much of my theories are from the book 'The Intelligent Investor', the reset is from personal trading experience for 20 years and many mistakes along the way.

[@Penelope416]

@@BeatTheBush I'm very ignorant on that book but after doing some minimal research, it appears that The Intelligent Investor gears more towards long-term investing and not actual day trading strategies. But correct me if I'm wrong.

[@BeatTheBush]

Correct, that is more for long term. I do not trade short term.

[@dancer-rh4if]

Good points, well made! Hope your change of investing methods/pace is working for you. You obviously need more rest and less stress to help get rid of those bags forming under your eyes, Keep up the good work.

[@sukszeto1837]

Do you have Discord group where we can discuss stock investment in a group?

[@BeatTheBush]

I do not, I"ll look into it.

[@vevenaneathna]

hmm imo banks are not ok, im almost all hedged in vglt lol maybe im far off from reality. thx for uploading

[@charlesgripp343]

I bet you would like Grant William's interview with Anthony Deden. Long interview but changed the way I invest forever.

[@jimv77]

I've have a pretty bad track record with individual stocks since trading since 2001 -- constantly looking for a unicorn. Luckily our retirement funds have always been S&P500. I kinda got lucky in March 2020 because I was saving to buy a house with cash and bet the farm on tech stocks I thought would be popular with the stay at home restrictions (Amazon, Google, Facebook).

[@kazi1]

Yo

[@turnovertheleaf5505]

Taxes!! Single stocks short term gains is too much and too time consuming!!

[@BeatTheBush]

Notice the sale I did was long term. I try to avoid short term gains as well.

[@somedudeonyoutoob]

have you gotten the free FSD trial yet?

[@BeatTheBush]

Nope. I purchased FSD so I had it all along.

[@somedudeonyoutoob]

@@BeatTheBush how do you like v12

[@somedudeonyoutoob]

is this why you feel like its almost complete and jumping back into TSLA stock?

[@k10158]

Why do you do these 3-4 trades a year? Is it so you can have fun? Is it to get more gains?

[@BeatTheBush]

To lock in profits in case things go south and to not sell it all in case things go north.

[@social3ngin33rin]

I'm bad at selling tops, I'm better at buying bottoms

[@jasonreviews]

i have different method. But there is reason why we call this Gu Piao in chinese. haha!

[@lowrollerscratcher3563]

He got risky investments is dogecoin.

[@somedudeonyoutoob]

you can do a hedging strategy too. sell covered calls and buy puts

[@BeatTheBush]

At least for me, that is something I avoid doing due to the added complexity.

[@Pathfindergreen]

What trading platform do you use??

[@BeatTheBush]

I don't really use any other than within my brokerage accounts.

[@danielj3010]

Accumulate over time, and take a profit few times a year (maybe 5%).

[@dennisbbb]

Take profit only to see the stock continues to rocket up 😂?

[@inhawaii4941]

If you're looking for 5% gains better off in HYSA

[@newyork397]

99.99% of people should not try day trading or timing the market. Ask yourself, are you Warren Buffet or his equivalent? Everyone makes money in a bull market.... which is what we have been in since we recovered from covid. Just follow Warren Buffets advice and buy the s&p 500 and I would argue as much bitcoin as you can stomach from the volatility.

[@BeatTheBush]

Agreed. Most should just buy an index but most do not. Why?

[@newyork397]

@@BeatTheBush Greed, lack of education around the topic, and everyone likes to think they are special and can be that .01% (including me). In reality, most of us are average (including me lol)

[@sheldoncooper0]

LOL remember folks, this is the guy that gave advice to people to day-trade their 401k retirement.....

[@BeatTheBush]

Don't buy into the provocative title of that video, 401ks have a 30-day period before you can rebuy the same fund, the funds you are allowed to invest are not individual stocks, and you cannot have leverage. So no, it's not day trading really.

[@whysoblutube]

So gambling?

[@muradshawar]

Wrong bud go learn how to value companies . PE/EPS/ NET MARGIN %

[@sogerc1]

I don't hate EVs, but I do hate people who spread russian propaganda, so no Tesla stocks or cars or anything for me.

[@BeatTheBush]

Fair enough.

[@tomtom9792]

man you are smart with finance but i do have to say you suck with it comes with Trading !