Why Day Trading Does Not Work: Wall Street Pro Reacts to Billions Season 2, Episode 5

[@chris.haroun]

Book a Zoom call with me to discuss joining my MBA Degree Programs or for investing/business/personal development coaching: calendly.com/zoom-with-chris-haroun/financial-freedom-meeting Check out all my courses at this link: learn.harounventures.com/

[@bdindial]

Hi Chris, I do not see the link the to the book or spreadsheet.

[@chris.haroun]

@@bdindialPlease see the video description

[@Laytongames09]

hi i was wondering, could you give me some advice on how to come up with a company name?

[@ilhaank_5636]

Hi chris bought the book but did not received any email for the spread sheet link

[@chris.haroun]

@@ilhaank_5636 Please see page XV, which has the title of: “Finance Essentials Toolkit 30+ Optional Downloads [Templates, Exercises, Resources and Much More]”

[@subhamsaha1813]

Unparalleled content sir! Great respect for you for putting this kind of invaluable content! No one in the industry shares the actual truth of the domain on KZbin. Charlatan educators fooling retail traders by selling dreams. But you as a former hedge fund employee educating us and showing the actual truth. Such a genuine and unique person! Thank you.❤

[@movebpesp]

Boomer investment advice: retirement savings, invest in the S&P 500, then you have $1m which you can use to buy caramels because the houses are then $10m. Balls-to-the-wall leveraged YOLO wallstreet-bets style. This is the way.

[@chris.haroun]

I love it! I love your Mandalorian quote too ; ) thanks. This is the way.

[@JonathanBrowneMenzies]

Great comment, I respect your confidence. Sometimes, it works out. Just know when to hang it up, move to Puerto Rico, and sip margaritas on the beach!

[@sethuchiha22]

This is the way brother 😂

[@JayParikh-vi1uj]

I’m hooked on your channel with each video you put out ! Your content is so educationally entertaining, engaging & informative in a manner I wished my school and college system would be this creative in educating !! More content ❤

[@libertybelllocks7476]

i will say, for most part, day trading isnt for most. i day trade and a group im a part of day trades. we are consistently profitable. everything is algos moving the market.

[@isaacsaenzsmct26]

Yup, algorithmic movement on the smaller time frames and institutional movement on the higher time frames.

[@isaacsaenzsmct26]

This guy is naive.😂

[@jasonturner3234]

I know you talking large pool of capitol. But for smaller guys that scalp and lock in profits with risk management whether the market goes up or down. if you have a million to 2 million you trade a $9 -11 stock and make $1,000 - $2 ,500 per penny & trade a 1 - 5 cent spread and just manage your risk you can def make a decent return. You can make $50,000 - $200,000 daily if you know what you're doing. I guess the larger position you have held would be difficult to manage because 1 or two cents could mean millions.

[@ElJefe360]

I don’t understand why you don’t have 1 million subscribers. All this information and knowledge is priceless 😎

[@Vikassingh-sx4qg]

It's a great video, I used to think day trading is great, but now I think I'm most likely to win in a long term investments.

[@JonathanBrowneMenzies]

This was a masterpiece, Chris. I really enjoyed your explanations & clarifications! (the props helped) Looking forward to the next video!

[@chris.haroun]

Awesome, thank you!

[@Emmanuel-vy5hm]

I'm still watching Billions I'm currently in season 7 I liked how Mike Prince took over axe cap.

[@badyoutuber1986]

Don't ever tuck your enemies away

[@simonmahlangu923]

Seeing Bobby loose like that really hurt me😢😢

[@casualsender2316]

Would you consider commenting on the new HBO show industry? It’s amazing.

[@chris.haroun]

@@casualsender2316 Will do thanks

[@BrandonClark-StocksPassports]

Seriously thanks man I knew I was doing it right

[@dedwardmalick]

Excellent video, Chris. I completely agree with you about day trading. Besides, you can’t beat those Algos. What is your opinion on swing trading? Be well and have a great weekend. Best, Dale PS: Love the props ;).

[@hakshustletv]

Daytrading works, just not at scale, up to 7 figures, you can do well daytrading (even then I'll say switch to swing trading at that point). Swing trading and long-term investing is the approach once you start to scale. Buying stock with little money almost never makes sense, if we both take 10k and you invest it in a stock that performs even 50% for the year, I'll hit that 50% in a week trading indices. However, if you take 100 million, day trading is a very silly suggestion. Long-term investing makes more sense. It's easier to do 100% return in a day with 1k than 1 million. That's the part people don't talk about. You literally can't daytrade large sums of money, you'll need to pick a handful of great picks that have decent returns, even Warren Buffett said it was easier for him to do 50%+ returns with 8-9 figures compared to having hundreds of billions under management. The options to make a good return shrinks significantly because it's just too much capital.

[@harshpathak8029]

What are your views on Algorithmic trading? Is it useful. If yes... in which domains ?

[@chris.haroun]

It’s very hard to set up. Please research Renaissance Technologies and Jim Simons. Thanks

[@Gxkdbgd]

Do you also have the 100step research template available on your Udemy courses?

[@b.7944]

It doesn’t work but I think with a small amount it is a good way to thicken your skin. You feel and see the errors in your mindset quickly.

[@christophert.christensen1743]

Clearly, you don't know Tom Hougaard or Dr David Paul, needless to say, I agree with the premises, that day trading is hard, especially in individual stocks. I trade stock indices and do make quite a great return. With that said, great video :))

[@DuduRibeiro1]

Hey Chris! Fantastic video! Where can I get access to the stock analysis spreadsheet you showed in the video? Is it through one of your courses? If so, which one? Thanks! Keep up the good work!

[@chris.haroun]

Thanks it’s available in my MBA programs at this link harouneducationventures.com/faq

[@workacc-sy4lz]

Been waiting for this.

[@semiinvest]

all you need is 5 percent a month on 2 to 1 leverage and that’s a 10 percent rate of return so if you have 100k you would average 10k a month and thats easy so you are wrong maybe don’t trade with small amounts of blobs even 20 - 40k isn’t much but better then the average business

[@YvesEnergyTrading]

13:30 Huge coincidence because just a few days a ago I looked at the same lithium ETF and id my bottom up idea generation.

[@chris.haroun]

The ticker LIT is dope! : )

[@YvesEnergyTrading]

@@chris.haroun Indeed!

[@emmanueladetunji9757]

Amazing video Chris, thank you for sharing

[@pulasthinarada6381]

well explained Chris 💚

[@Emmanuel-vy5hm]

great video I love the vibe, please keep up the good work sir.

[@vincentp.8337]

Love this series so much ! Totally agreed on your opinion about day trading ! BUT I can find few outliers ;-)

[@chris.haroun]

Many thanks Vincent!

[@Ozgursaglam434]

great video although i think background music is too loud

[@chris.haroun]

Many thanks. I will lower it on the next video. Thanks again

[@ZubinB]

Can't find the linked spreadsheet

[@workacc-sy4lz]

what about day trading in FX? or some times holding the trade for some few days?

[@chris.haroun]

Still not a fan thanks

[@hakshustletv]

Daytrading is fine, it's just not something that is as scalable as swing trading or long-term investing. With small amounts of capital it's the better option if you know what you're doing, you can do very high returns in short periods of time, as you get to 7-8+ figures, day trading no longer becomes logical. 7 figures and below, it's perfectly fine, don't like FX either but indices are great.

[@workacc-sy4lz]

@@hakshustletv Thank you so much

[@captainstrange1466]

Hey Chris, where is the spreadsheet for investment research dashboard? Is it free?

[@axa3547]

can you please analyze Dubai Real Estate Market ?

[@TheManiHimself]

The excel is not included in the description.. kindly assist, rectify or clarify, dont want to believe this is another click bait video

[@chris.haroun]

As mentioned in the video, it is included in the book, which is mentioned in the description.

[@TheManiHimself]

@@chris.haroun ok understood, i have intentions of purchasing your book anyway, looking foward to it may 15th!

[@flying_salt]

Hey Chris. What do you think about the so called Forex Trading Prop Firms? Can you make a video on that shedding some light on the industry? I suspect foul play. Thanks for the great content as always.

[@bogdanb32]

Great video, as always!

[@emmanoconer1750]

Thanks for saying the truth

[@chris.haroun]

Thanks. It’s in my MBA programs: harouneducationventures.com/faq

[@shobhitnarayan8361]

keep doing good work

[@mercymimi4022]

waaaao intriguing Please do a reaction for all the series and episodes.

[@chris.haroun]

I will thanks!

[@rupeshsaini2011]

Wise advice! I wanted to ask why only Stocks? Why not invest long term in a good Mutual Fund

[@chris.haroun]

Thanks! Mutual funds are not worth it for 3 reasons: 1: the fees are much higher than with ETFs, 2: Most mutual funds underperform ETFs and 3: Taxes are often higher with Mutual Funds because the fund managers usually transact a lot more than with ETFs, which results in high capital gains taxes; if a fund manager books a profit in under 1 year, then we pay more in taxes.

[@Milly5288]

Great video

[@chris.haroun]

Thanks!

[@deevog]

When I can't wait and want quick I thinks about day trade and I also knows it can't work, eventually I loose time and money but I'm doing it ...

[@chris.haroun]

I humbly recommend writing your thesis on all investments before transacting. Thanks

[@teebone2157]

I daytrade daily with a algo and do ok hehe😊

[@ZubinB]

As someone just starting out in this arena, is there any advice you can give me?

[@hassann.mugisha6084]

I do to , but the only issue is 70% lose money. But a few who make money, bare alot of patience and alot of knowledge, its possible to make money day trading but not everyone can

[@MeasuredMove76-fr4lj]

Successful day traders don't exist? That is false. Not true. Wrong. Doesn't correspond to reality. Many day traders fail. But none successful? I know for a fact there are successful day traders.

[@kootskilla11]

Hello yeah Thank you so much Chris!! I absolutely love and watch all of your shows keep it going please! I would love an opportunity to learn how to options trade I’m trying to learn myself through td ameritrade education and I’m trying my best to get there but need a person to go more in-depth please help me 🙏🏼🙏🏼📲

[@chris.haroun]

Awesome! I would love to help. Please set up a call with me: calendly.com/zoom-with-chris-haroun/financial-freedom-meeting

[@intanettrappin8367]

Hedge funds have no more of an edge than retail?lol