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@marcusalv

4 жыл бұрын

Nice, the Techlead knows how to capitalize on the trends.

@nihilism1234

4 жыл бұрын

Great video TechLead. How about a video on the tax implication of day trading? There are no good videos out there on this topic which I think is a shame . As you know, day trading gets taxed at your ordinary tax rate. So for someone like yourself who is at the top tax bracket, it makes 0 sense to day trade. For instance, if you made 100k, you only get to keep about 50-60k after state and federal taxes But If you lost 100k, you eat the full lose with only a paltry 3k deduction and some loss carryforward for a few years. If you think about, it's a crappy game to pay because when you win, you essentially risk $1 to win 50-60 cents, but when you lose, it's $1 for $1. The risk reward makes absolutely no sense. THERE ARE NO VIDEOS OR ARTICLES THAT HIGHLIGHT THIS FACT. Can you imagine going to a casino where you get charged 40-50% on your winnings every time you cash out? No one would ever go to the casino unless they had a true gambling problem! If you can illustrate this salient point, I think that video will kill it in terms of viewership because it will be very unique and useful for anyone considering day trading as a side hustle or full time job.

@alpark3024

4 жыл бұрын

if you shorted on march 1, you would of make millions.

@Tanner-tn2mn

4 жыл бұрын

@@alpark3024 when you short you can only get back 100 percent of what you put in, and that's if the equity goes to exact zero lol. You could have done puts on the market to make millions though

@jhonfamo8412

4 жыл бұрын

got any tips on small cap tech or software companys worth holding? thanks

I lost 100k and my wife divorced me... so a gain after all.

@soving

4 жыл бұрын

Scores! Happened to my brother...Dad said that is the best 200lbs you will ever lose roflmao

@sadigov

4 жыл бұрын

soving Your dad is a boss for that comment! You are lucky!

@quepadrequemadreeducadores7237

4 жыл бұрын

@@stanislavjirak2894 still married?

@stanislavjirak2894

4 жыл бұрын

@@quepadrequemadreeducadores7237 Nope, I'm single.

@quepadrequemadreeducadores7237

4 жыл бұрын

@@stanislavjirak2894 so... still a lot to gain and loose...

Well this makes a nice change from the usual "I made $300k day-trading" YT spam.

@4m4n40

5 жыл бұрын

It's legit gambling

@nobodyz2700

5 жыл бұрын

@@4m4n40 Some of it for sure, but there is also" knowledge of the subject" component you shouldn't miss, cuz there are legit people who earn money by doing it. But I guess not the "normal people". These who have a lot of connections and information.

@samuelson4244

5 жыл бұрын

@@nobodyz2700 you're better off learning how to look for value in a company and going long, or if you're comfortable with risk, exercising options with a longer time span.

@nobodyz2700

5 жыл бұрын

@@samuelson4244 Yeah. Agree.

@ryanm1630

5 жыл бұрын

4m4n it’s not gambling, it’s some luck but if u get good with indicators u can average a little above negative

Actually dude, "I just lost $350k in the stock market" is GREAT dinner conversation. You've got the wrong friends.

@anttrader1110

3 жыл бұрын

I'm willing to help with my ANT trading strategies

@kevintruong8171

3 жыл бұрын

"And it was actually more than that" lool

@anttrader1110

3 жыл бұрын

@@kevintruong8171 yup hope i can help you too

@nehankaranch2149

3 жыл бұрын

i lost 3k day trading and feel devestated

@anttrader1110

3 жыл бұрын

@@nehankaranch2149 i can help you brad

Day-trading is the hardest easy money you'll never make.

@eligijusan9132

3 жыл бұрын

Yeah people need to learn day trading isnt a thing noone makes money in there

@thegreatbenis225

3 жыл бұрын

@@eligijusan9132 i wonder where my millions came from then

@1gregmoreira

3 жыл бұрын

@@eligijusan9132 most people don’t have the discipline or the understanding to make money day trading That doesn’t mean that nobody can make money. My accuracy on the year for day trades is around 72 percent so far.

@eligijusan9132

3 жыл бұрын

@@thegreatbenis225 from gta 5

@thegreatbenis225

3 жыл бұрын

@@unggoytrader yup its an awesome way to create wealth but takes skill to master

You are probably one of the most successful unsuccessful successful person on youtube

@andrewartuso876

4 жыл бұрын

Developer Abz hahahaga

@math_person

3 жыл бұрын

while (alive) { be_successfull(): suffer_setback(); }

@Visualprowessuser

3 жыл бұрын

😂😂😂 that was good. His minor failures are peoples lives. Love this guy

@oniviper

3 жыл бұрын

@@math_person Error: you're missing a semicolon

@strangerdanger7616

3 жыл бұрын

So he's successful at being a success unsuccessfully?

"Show me the chart and I'll tell you the news." Trading by news is the rookiest mistake ever. Respect for the honesty.

@louis5313

5 жыл бұрын

Its true..

@austins.219

5 жыл бұрын

By the rumor sell the news

@Josh-nc6nt

5 жыл бұрын

You're probably broke stfu

@GrooveFederation

5 жыл бұрын

trade the rumour, sell the news

@chrisjorgji7786

5 жыл бұрын

@@Josh-nc6nt no need for that

It seems you're referring to a potential financial loss and its impact on personal relationships. To address the potential loss of funds and strained relationships, it's crucial to prioritize communication, transparency, and sound financial decisions. Maintaining open discussions about financial goals, risk tolerance, and investment strategies can help prevent such situations from arising. Additionally, seeking professional financial advice and planning ahead can contribute to a more secure financial future and healthier relationships.

@Believer292

11 ай бұрын

Numerous intriguing stocks span various industries that could pique your interest. Remember, you're not obliged to act on every prediction. It might be beneficial to collaborate with a financial advisor who can guide you in pinpointing optimal moments for buying and selling the shares or ETFs you're considering.

@hunter-bourke21

11 ай бұрын

I concur. That's precisely why I opt for my daily investment choices to be influenced by an advisor. Their comprehensive skill set revolves around simultaneously engaging in both long and short strategies, leveraging risk for its potential upside while also mitigating risk as a safeguard against market downturns. When combined with their exclusive insights and analysis, it's highly unlikely not to achieve superior performance. I've been working with my advisor for more than two years and have accrued over $2.8 million in gains.

@rebecca_burns14

11 ай бұрын

I initially enrolled in several trading courses, but they didn't provide the results I was seeking. Upon receiving recommendations to engage a reputable financial advisor, I researched and connected with my coach through email communication. This avenue allowed me to discuss my financial goals and chart a more effective investment strategy.

@hunter-bourke21

11 ай бұрын

@@rebecca_burns14 While I generally avoid providing explicit recommendations due to individual differences, freelance wealth managers could be worth considering. In my personal experience, I've been working with "Camille Alicia Garcia" for around two years and have found her expertise impressive. If she fits your criteria, I confidently recommend her services.

@edward.abraham

11 ай бұрын

@@hunter-bourke21 After conducting an online search of her name, her website quickly surfaced, piquing my curiosity. The initial impression is positive and I intend to arrange a call with her. I'll make sure to provide you with updates on how it goes. Thank you.

You know it's real stuff when he’s living in a wooden shack

@alexandercrush

3 жыл бұрын

I didn’t even notice that 🧐

@eastsidecryptoguy8986

3 жыл бұрын

Naw hes hiding it from his wife she dont know yet so hes in the shed shooting the video

@patchstein810

3 жыл бұрын

@@eastsidecryptoguy8986 😭

@nickdoyle3950

3 жыл бұрын

💀💀🤣

@aaronlindsay8944

3 жыл бұрын

As a millionaire

It takes guts to admit this. Techlead, you've earned my respect.

@dtmt502

5 жыл бұрын

subscribe to /r/wallstreetbets

@f.p.5410

5 жыл бұрын

@@dtmt502 Always representing the best subreddit. It literally can't go tits up. -- A fellow WSBer

@jesusbalderas329

5 жыл бұрын

More money is lost trying to fix poverty.

@shawn4692

5 жыл бұрын

Totally agree!

@attilakun7850

5 жыл бұрын

Even in his failures he's succeeding.

"It's just not good dinner conversation material" lol

@zknarc

5 жыл бұрын

Classic TechLead moment

@stockholmsyndromeself-trea7517

5 жыл бұрын

It probably is. Everybody would say “sorry to hear that” but laugh inside.

Didn't lose all my savings, bit started my life in debt and slept in a construction site on a cardboard box and blanket, stole food and overall didn't have a great start to life, so i feel you man. Keep doing what you do and you will pull through it eventually man.

I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

@bernisejedeon5888

Жыл бұрын

It's always inspiring to hear from a veteran investor who has weathered the storm and come out on top. When your portfolio turns from green to red, it might be unsettling, but if you have invested in great companies, you should just keep adding to them and stick with your plan.

@belobelonce35

Жыл бұрын

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.

@yolanderiche7476

Жыл бұрын

Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

@belobelonce35

Жыл бұрын

Julia Ann Finnicum”is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@alainmesmairetsafack5376

5 ай бұрын

can we have more infos?

Is that why you are sitting in a wooden shed now ?

@MyName-ho1xt

5 жыл бұрын

😆

@TechLead

5 жыл бұрын

it's quite a cozy little place isn't it? I have a bit of insulation in the walls too.

@piotrdamek3331

5 жыл бұрын

From tent to wooden shed. Actually he could achieve it as standard warehouse worker at Amazon.

@obsoleteprofessor2034

5 жыл бұрын

Safe space...

@cularu1

5 жыл бұрын

Lol

Respect the Tech Lead because he is honest with his viewers!

@Abner3

5 жыл бұрын

I respect the Tech Lead because he is the Tech Lead.

@alexandermakaev

5 жыл бұрын

Don’t just respect, OBEY! B-)

@T.R.U.T.H..

4 жыл бұрын

@Marcello Bergonzoli BULLSHIT.

@leonard0104

Жыл бұрын

This comment did not age well.

"80% of day traders end up in the negative" -Dave Ramsey

@nomearod

3 жыл бұрын

True, and the rest of 20% who are positive actually can’t beat index fund.

@fciolino

3 жыл бұрын

Thats main reason for that statistic is that 80% of day traders end up quitting after one year.

@tonyvu2011

3 жыл бұрын

More like 90%, 9% make so-so profit - sometimes win sometimes lose, 1% take all the profits

@kiklocus4660

2 жыл бұрын

@@tonyvu2011 that 1% is big banks mostly big banks take your money, trading daily, they got more money to manipulate to make the moves, fed provides money to them, so basically government taking your money.

@VampirusX

2 жыл бұрын

That is the whole problem! Loosing money is a learn experience... tho 80-90% are turning down trading because the didn't learn from it and saw there losses as a sign to quit! WRONG! At that moment the 100% are separating. Most of them are using the easy way and exit town...

Moral of the story: no matter how convinced you are of being right....always have tight stops.

@rickZ1234

3 жыл бұрын

Yep and dont try to time the market. if it goes down it goes down.

@richardschmeichel3218

3 жыл бұрын

The moral of the story is: 1. Insist on a margin of safety. 2. Insist on trading companies with a MOAT. 3. Learn how to determine intrinsic value first (regardless of your trading time horizon). 4. If you want to be an active trader stick with Iron Condors and Cash Secured Put options until these companies are priced appropriately; buy them cheap and then trade covered calls with reduced risk back to the other side of the pendulum's swing.

@peterhagtharp4263

3 жыл бұрын

@@richardschmeichel3218 with today's inflation. It's a quite difficult to find a good company with a solid moat at a decent margin of safety. But if you do find it cudos to you, your buying a solid business at a lower price than its intrinsic value estimate.

@timjosling9298

3 жыл бұрын

BTW 2% stops are far too tight. Maybe 7% would work. You also need a way to get back in, usually at a higher price...

@jackmiddleton2080

3 жыл бұрын

I think he was just making excuses. Stops don't apply at all here since he said that he thought it was going to go up the whole time it slowly went down. He could have proactively gotten out any day.

"Money can be gained and money can be lost. Don't bet on being able to keep that money forever. -- TechLead" -- TechLead

@guillaumebrizolier8777

5 жыл бұрын

by TechLead from the TechLead

@origin6163

5 жыл бұрын

@@guillaumebrizolier8777 starring the techlead

@tdreamgmail

5 жыл бұрын

Warren Buffet has join the chat

@firehandszarb

5 жыл бұрын

@@tdreamgmail WB plays the long game, not day trades. rule 1 dont lose money rule 2 obey rule 1

@TimsDaBossMC

5 жыл бұрын

I heard a genius said this

You didn't respect the StockLead. that's what happened.

@OriginalBernieBro

5 жыл бұрын

LOL!

@mohammadanwar9848

5 жыл бұрын

LOL!

@Davi-sw8le

5 жыл бұрын

LOL!

@safouanepieterse9149

5 жыл бұрын

LOLOL!

@djBC10000

5 жыл бұрын

Lol that was funny.

Whenever I lose money I watch this and feel a little better

@chavezcruzjuanluis7004

3 жыл бұрын

Did btc take you here?

@chavezcruzjuanluis7004

3 жыл бұрын

@Timo Klein of course, I'm a bitcoin believer. BTC FOREVEER

@asmitsachan202

3 жыл бұрын

This hits hard, just like my stop losses

@Titanrock797

3 жыл бұрын

Sad dude, that's a sick mind to let relative pain decide how you feel. Let your own thinking decide the pain and learnings,. This is how idiots always look for a yard stick to measure their own decisions. You are best a follower, a person who can walk on road made by others.. A wanna be, someone who is a step behind. In other words, avoid stocks

@adultshit7081

3 жыл бұрын

LMAAAO

You know things have gotten serious when 'as a millionaire' postfix is absent from the title

@richierich5755

3 жыл бұрын

Haha😂

The most expensive school is the stock market.

@CryptoDad83

4 жыл бұрын

Stock market: I'm the most expensive school Eva! Bitcoin: HOLD MA BEER

@dohyopkim7752

4 жыл бұрын

I think college is the most expensive school

@lucavalentine2535

4 жыл бұрын

College is way more expensive

@Iburn247

4 жыл бұрын

Yup

@Iburn247

4 жыл бұрын

@@lucavalentine2535 really? Did you spend 300k on a years learning like this guy? Lol

Rip thats more than my networth

@randomrandom316

5 жыл бұрын

Great interview at CS Dojo, your honesty was very refreshing, wish you the best.

@TheUniksniper

5 жыл бұрын

Hahahah

@dean8147

5 жыл бұрын

Joma Joma Joma Joma Joma Joma Joma Joma

@TrueZenquiorra

5 жыл бұрын

Only if you didn't sell your cryptocurrency

@TechLead

5 жыл бұрын

I'm going to think about myself in terms of how many Joma's I'm worth.

*Mr High Gizmo, I would like to sincerely thank you from the BOTTOM of my heart! So many from tough harsh living conditions that suffer and you helping and giving them something that they desperately need just to survive. I thank God for wonderful people like you that are making the differences that truly matter most! God bless you High Gizmo!!! Love from Greenville NC*

"I kept believing that maybe it would go up." Let that sink in deeply.

@alexanderleo6809

4 жыл бұрын

Have stop losses and stick to them no matter what

@davidweiss9891

4 жыл бұрын

You have to understand how brainwashed people were back in 2010 , people were buying gold/commodity at ridiculous high prices because they thought the American Dollar would collapse,

@alexanderleo6809

4 жыл бұрын

My name is makes sense

@andresvalencia3977

4 жыл бұрын

Should he have shorted?

@davidweiss9891

4 жыл бұрын

@@andresvalencia3977 no he should have bought put options spreads. Shorting is for amateurs😘😘😷🤶❤

My investment strategy: Buy high, Sell low.

@infiltr80r

5 жыл бұрын

You, me and billions of others.

@yaxizhang9455

5 жыл бұрын

Me..Bought bitcoin at 20k,,sold at 6 k

@AndywayVideos

5 жыл бұрын

Ahh yes the good old wish in one hand shit in the other & see which fills up faster!

@blessingchigome3930

5 жыл бұрын

Sounds easy, challenge comes when you want to identify the "high" and the "low". How do you identify?

@humblehermit7585

5 жыл бұрын

If I make this my legit strategy I'll probably end up making money, knowing my luck

I lost $500 and cry at night thinking how many burgers pizzas and cake's I could have had 😔😔

@averyip7015

3 жыл бұрын

Why did you lose the money?

@jimzegarra861

3 жыл бұрын

I just lost $5,000 in the stock market last month. But I am still in the Game!

@jimzegarra861

3 жыл бұрын

@@The_AndiCat damm

@lluhu

3 жыл бұрын

@@jimzegarra861 you want to keep losing more?

@da933

3 жыл бұрын

I lost almost 9.5k in pokies and i was thinking the same..gambling is gambling

90/90/90 rule: 90% of sole traders lost 90% of their capital in the first 90 days of trading.

Today I am here after losing 175k as well. this is the hardest lesson i have learned from this. Dont try to get quick money in life. Work hard for it.

@freeworld5497

4 жыл бұрын

Kevin Seok if you don’t mind me asking, what kind of companies were you investing in?

@KS-qy5lt

4 жыл бұрын

Free World started off with stocks under $1 in marijuana, fell off to 1/3, with crashing economy bought tvix, made a bit, but went into a really bad stock pump and dump and lost 85% within 10 minutes. It literally takes one really terrible play to lose it all. I have 30k left but I decided to cash out and never do anything but blue chip

@ericks1081

4 жыл бұрын

Kevin Seok put all your money into VTIQ thank me later I just put 50k into that

@KS-qy5lt

4 жыл бұрын

Erick great rise today but like i said no more of this :)

@fatbarbie5679

4 жыл бұрын

I lost 5k on SQQQ not long ago. 3X of fun but damn hit my stop loss and exited no more gambling for me.

You’ve been through some tough times! Props for hanging in there and staying positive

Awesome video, sounds like you were all over the place trying so many strategies.

I love that you talked about stop-losses and managing risk. Every day trader eventually learns this lesson...some harder than others...

The fact that you had $350K to invest is impressive.

@youngz13o

5 жыл бұрын

Sblinger leverage just means he was trading on margin? if he sold with -$350k losses... those losses caused by leveraged capital are still real losses at $350k

@youngz13o

5 жыл бұрын

Sblinger ouch....

@jamess9808

5 жыл бұрын

not really, hes chinese

@AchillesWrath1

5 жыл бұрын

@@jamess9808 Well, i wish i was part Chinese then :-)

@thepope229

5 жыл бұрын

LMAO

Thanks for sharing. I'm also an investor that lost a good sum in OCT 2007, learnt my lessons, bought the dip March 2009 and held, never sold. Came out on top. Now i'm a cryto buy and holder and I've done very well---buying the dip and sitting! its NOT the trade that makes all the money, IT'S THE SITTING!!

"I don't know if my efforts in stocks really had any impact... Maybe I was making money just because I was lucky sometimes" - couldn't relate more. Put a lot of hours into research and it went well at first and now not so much!

That's not day trading, it seem you were swing trading.

@nataliegrayhandle

3 жыл бұрын

He didn't close his positions at night right

To be frank, this is not DAY trading. This is buy and hold (pray). Your tax return shows long term holds. That is not day trading, or swing trading one bit.

thanks for this brutally honest video. I had a somewhat similar experience in 2018 and it still hurts but this video made me feel better.

I made $80,000 in a couple of hours last week and today I gave it back with one mistake daytrading. I am devastated 😩

Thanks for the honesty. I also lost as much because when I was making money I thought I knew how to continue doing it and when the market changed conditions I lost it all thinking the market will bounce back the way I know. Biggest lesson to learn is that as an individual investor/trader you are never rich enough to influence the market.

TechLead - "How I lost $350K daytrading stocks and what I learned from it." Other persons - "How I am a successful trader and how you can be to." Respect

@immadivergent7877

5 жыл бұрын

LOL

@pprocon

5 жыл бұрын

Samuel Gonçalves if you’re really successful in trading, you won’t need or want to teach others.

@slupo14

5 жыл бұрын

F

My investment strategy made me 350k$ more than you. It's brilliant really, genius now I think on it. I watched some youtube videos and realised I was too stupid to trade. Made more than most traders probably.

@Crimulous

5 жыл бұрын

So you made $0?

@i_am_acai

5 жыл бұрын

@@Crimulous That's the joke

@talentofmind

5 жыл бұрын

I think that the investment strategy is not to trade....

@Hilko26

5 жыл бұрын

Indeed you have made more than most traders. (I believe the statistics are 90% of retail traders lose 90% of their investment in 3 months)

@ryanm1630

5 жыл бұрын

Boby Gandhi and that’s how u don’t retire. U should invest just not day trade

mad respect for saying yes bro. sometimes opportunities present themself and you gotta take them. i am kind of a *High Gizmo* on the internet fan, but this recovery was a great message. you both already won for participating!

I heard a guy joke once, "there's a lot of money in the stock market; I left it in there".

@cryptowilliams3771

3 жыл бұрын

Do you know you can start your Bitcoin investment trade with $200 USD and also recover from your previous Lost on trading ask me how on WhatsApp +17324360394

@tltarzan678

3 жыл бұрын

👍😂

@tisurmaster

3 жыл бұрын

I left them there, too!

@kauaicouple

3 жыл бұрын

lol..im stealing this

@NaudVanDalen

3 жыл бұрын

@@cryptowilliams3771 You can start with less than $1 technically. It's just not worth it because of the mining fee. I'm not gonna fall for your binary options method though. That's literally gambling. I'd rather play roulette because that has better odds than most binary options. I'd rather just buy Bitcoins instead of gambling on the price.

2:55 You were not day trading. Day trading is when you buy and sell stocks on the SAME DAY. Looking at your tax return, you were holding stocks for years. You bought SGOL in 2010 on its peak and held it til 2014 on its way down. You were also increasing your losing position in 2011,2012. These are very bad trades.

@rmmva

2 жыл бұрын

Thanks Captain hindsight!

I did the same, thank you for sharing🤔I don't think my wood shed I ended up in was as nice as yours😉

This is great stuff. You gotta have a plan and trade the plan. Risk management is EVERYTHING. Risk management + probability. Love the algo tip.

Thank you. This helped. It’s been a rough week

Fundamental problem: wild overconfidence. Correct route would have been: start by funding account with, say $15,000, and give it six months and see how it goes.

@quiksilver87

4 жыл бұрын

what about paper trading

@anarchy1090

4 жыл бұрын

Do papertrading first. Trade small amounts of real money in robinhood. Learn the ins and outs for 6 months, it could take way longer.. and the u might be successful but if u think going big with no exp will make u rich...

@jakemayfield4219

4 жыл бұрын

@@quiksilver87 Paper trading is the correct route.

"Time in the market is better than timing the market." It's corny but true.

@fendermon

5 жыл бұрын

Yup, the long term trend in the stock market is up. Don't be your own worst enemy..and you can do fine. Mutual funds and ETF's were built to avoid everything that happened here.

@kennethsinger561

5 жыл бұрын

"Until the markets crash"? They always crash and then rise again...

This actually sounds like a really good topic to talk about over dinner.

“How I lost $350,000 daytrading, and why I live in a shed now” could be a title for a book

@nzonesportssocal2458

3 жыл бұрын

I needed that laugh!

@nickfromyuma1691

3 жыл бұрын

she shed

@JosephusCarlisle

3 жыл бұрын

@@nickfromyuma1691 underrated comment

@anttrader1110

3 жыл бұрын

I'm willing to help with my ANT trading

Glad you stop playing in the stock market. Otherwise, you might have to intro yourself as the "DebtLead".

@TechLead

5 жыл бұрын

Hi and welcome to coffee time with the debtlead. actually today it's just tap water.

@grumpyae86

5 жыл бұрын

TechLead LoL ur dry sense of humor is hilarious

@sushilover5367

5 жыл бұрын

@@TechLead u need to understand and correctly predict how the global macro-economy is trending to make profits as a small investor.

@fendermon

5 жыл бұрын

@@sushilover5367 Warren B. *always* says he can't predict markets; are you better than him?

@sushilover5367

5 жыл бұрын

@@fendermon so r u suggesting his success was based on luck? lol. no u moron. wb successfully predicted long term trend of certain companies in certain industries, and he was rewarded handsomely.

In my experience the toughest part about daytrading is leaving the emotions out the door especially the mentality of getting rich quick and not to get tilted to the point where you're over trading

@ED-TwoZeroNine

4 жыл бұрын

Very much so, eliminating emotions win or lose is hard to overcome.

@atomnous

4 жыл бұрын

i don't get the emotional part... I've never felt scared of losing an opportunity and I don't put much money into low liquidity trade. the most emotional I've felt was when I tried binary option, that was horrible and impossible to win

@geostomp

11 ай бұрын

I can buy that

I really appreciate how giving of a person you are. For heartlessly contributing towards the market. You made an impact.

The most instructive financial youtube clip you'll see.

@benjaminmiller9535

3 жыл бұрын

.Trading without top skills is risky contact an expert directly for assistance. Reach out to an expert to help you recover lost funds and make more gain. Available on (W,,,h,,,@,,t,,,$,...a..p...p) +1.. (3.. 2.. 3..) 4.. 4.. 8.. 0.. 8.. 5.. 5-.

If you can't make money with $1000 your can't make money with $350,000

@dontreadmyprofilepicture5535

5 жыл бұрын

Ikr

@Ban00

5 жыл бұрын

Big facts

@xckj3776

4 жыл бұрын

Damn that’s good

@mfejza0

4 жыл бұрын

this is so true

@shanti1765

4 жыл бұрын

True but no true at the same time You have 350 more chances with 350,000$ than 1000$ to learn and grow lol

I commend you for being so honest about your experience. Takes a lot of guts and good perspective on life.

Thank you for your honesty! Well actually honesty does seem to pay off; - you're now at close to a million subscribers! ;) ;) ;)

Thanks for sharing this. That was very insightful.

This makes day-trading sound worse than it really is. The problem is first, it seems like he never had a system in place, but rather, he messed around with a bunch of random indicators and tools. The chart he even shows looks like a mess; the simpler your chart is, the better because it is easier to follow (at least for most the charts I observe). Second, although it says day-trading, and correct me if I'm wrong, but it seems he was investing considering it looks like he held RJI for multiple months. No offence, but day-trading is suppose to only happen within a day and you're not supposed to hold longer than when the market is available. If you are holding overnight and for weeks, that is called swing-trading, which brings me to my next point: if you do swing trade, please set a stop loss at a resistance level because his strategy seemed to let his trades run. I don't even want to get into how he decided to follow a random website (not sure how legitimate they are) before considering yahoo or CNBC for stock market news because even in investing, it is better off that you take advice with a grain of salt because, in reality, the market is an entity in itself and typically, those publishing the advice will have an agenda for themselves (presumably). Lastly, stop-losses are imperative, but as he described, he got stop-hunted which is typically why it is always advised that you set stop losses either below your support/resistance level or at a certain percentage of your capital (typically 1% is what is advised). I'm not sure how experienced he was in trading and where he is now, but the way he described his trading experience is obviously awful and I don't aim to put him down, but rather, to inform anyone who is interested in starting to trade. There is a large learning curve that takes years of practice just like any other craft. Now obviously it did not end up well for him, but it seems he ran into the trading practice guns blazing which well not end up well for anyone. Point is, obviously not everyone will win in the market and the odds are mostly stacked against you, but depending on how willing you are to be persistent in the market, you can succeed, but it takes hours of studying and practice. Most importantly, do not go into the stock market guns blazing as he did.

@michaelisip6739

4 жыл бұрын

@@shu9460 No problem; if you're looking for trading strategies I highly advise price action trading to simplify the trading process :) Lastly, I'm not sure how much this will mean to you but even if things aren't going your way, keep learning because trading is something that has no end and is a constant learning process. And as ironic as it sounds, if someone on the internet is telling you to be bullish or bearish, take it into consideration and not fact, it'll save you so much trouble.

@lucasdesouza7537

4 жыл бұрын

THIS!

@michaelisip6739

4 жыл бұрын

@Chinh Duc Exactly, even those who we consider as extremely successful have failed more than we can count with our fingers.

@photonsponge

4 жыл бұрын

Great response. How would you recommend a single working parent learn to swing trade? The arena seems so full of hucksters that it's hard to know what is a legit resource. Would you recommend someone take a course or...?

@michaelisip6739

4 жыл бұрын

@@photonsponge For myself, I learnt to swing trade by actually adapting day-trading strategies. By that, day-traders tend to use support/resistance levels with moving averages, and so, I applied their methods on a longer-time frame. It is also worth noting that there is much more consideration to take place considering you aren't getting in and out within minutes, but presumably weeks. To educate myself, I learnt from places like investopedia and whatnot regarding trading strategies rather than advice, because in comparison to strategies, they aren't selling you a stock, but rather, actually informing you. Another way I learnt is from channels like Capital.Com, Trading 212, and Ricky Guiterrez because they show you their thought processing and trading ideas. These I would say are the best resources, and one aspect I did take in when swing-trading which is not often mentioned is fundamental news because for myself, I feel it is much safer to not get into a trade when a report or something is going to be released considering it can go either way. Overall, the best resources I would say are the ones who teach you strategies and show you their thought processing like some of the channels I recommended above. I would like to say that I am not a parent nor am I working full-time as I am a student so I do not carry the responsibilities that you do, so I have more time on my hands. Nevertheless, I guess the best way to teach yourself is to learn from places which offer strategies. I would like to point out that I think this is quite different from listening to places who tell you where a market is moving because they show you what led to that conclusion. Sorry if the message seems all over the place, it's like 7 in the morning and I just answered based on what came to my head.

I lost €200K in 2008-2009, but at the annual salary of €20K... From the top to the negative because of leverageing!!

@ozymandias8523

5 жыл бұрын

Ildar S greed

@Alessandro-nq3tm

5 жыл бұрын

Omg , how?

Wow, what an incredibly insightful video! Thanks heaps for sharing your story, really appreciate it :)!

Thanks for sharing this! Individual retail day trading is risky and stressful business. You have to look for plays everyday and no matter how good you think you are the stop losses always get triggered. Your video hit the mark on so many things. I choose to walk away in the red -63% before I lose it all and invested in etfs/ index. It was a huge eye opener for me.

Very insightful, thank you for the video. Not a lot of people can express their shortcomings

"over a long period of time.." Wait.. I thought we were talking about day trading?

@Longtack55

3 жыл бұрын

Day trading and losing most days over a looooooong time.

"He doesn't want a lambo because he already lost one"

@markwhite6982

3 жыл бұрын

Lamborghini nice but porsche 911 turbo s will put it to shame

@colbyharley9975

3 жыл бұрын

@@markwhite6982 cars aren't all just speed

@markwhite6982

3 жыл бұрын

@@colbyharley9975 you are right but in my opinion the 911 turbo has it all! And yes I have drivin alot of cars including lambos and porsche!

Great video, great insights. Thanks for sharing honestly. Best of luck in the future bro'. 🤜🤛

Thank you for taking the time on to pass on your experience. Given your other stronger skillsets, it was a very enlightening video. Subscribed.

You only lose if you sell. I have a similar story with AAPL stock. I sold after a 45% downturn over a 4 month period, and lost the rest in day trading. If I had just done nothing, and still owned the AAPL shares today, I'd be worth roughly $1.5M. Selling at the bottom is the exact opposite of what should have been done. Buy at the dip, and wait for the rebound, and you will never lose as long as your investment is in a strong growth oriented company.

amazing content i also experience it so painful and my friends even told me to stop but i still continue

Thank you for posting the most “human” video. I lost $250K in the stock market in 2021 and I’m still trying to stomach that loss

@GameDevAraz

2 жыл бұрын

Don't enter the market with such cash, Just go from £100 to £10,000 rather then depositing so much cash which unless true success is given to you, You will most likely lose it. Success has to be given.

@sirijanthakur

2 жыл бұрын

I lost 2700$ in a day xD, its so risky man

@GameDevAraz

2 жыл бұрын

@@sirijanthakur or £10 to £10000

@monicas8672

2 жыл бұрын

Which sector/s have you bought in? Have you already sold? I have "lost" about 60 % on one stock. But I believe in the company so I bough little more shares, not too many because it´s important not to put all the eggs in the same basket. Maybe it takes 5 or more years before I will get the money back or earn on it, but I´m not worry anymore. So always buy stocks/papers you also believe in in the longer term. Don´t sell if you don´t have to (if it´s not crypto, bacause the values there are not so based on fundamentals).

@matteopani9291

2 жыл бұрын

@@toromontana8290 why shouldn't i just buy ETFs? They sound pretty secure

Wow man, good on you for sharing, I don't think I'd handle something like you experienced well at all

At least you didn‘t buy Bitcoin at 20K

@Sasoon2006

5 жыл бұрын

At least he did not buy pizza for 10,000 bitcoins

@jorjiang1

5 жыл бұрын

@@Sasoon2006 people think the guy bought pizza for 10,000 btc has jumped bridge already, no, the act is historical because it gives btc really money value for the first time, the guy is proud of doing it. And i'm sure he's got another 100,000 btc he did not trade for pizza with

@PirateDion

5 жыл бұрын

@@jorjiang1 Yeah if you've adopted btc that early you went through a lot more effort than people now to obtain it. That guy is likely sitting rich somewhere without a care in the world. That is unless he sold waaaay too early. But a smart investor would always hold some in reserve.

@yaxizhang9455

5 жыл бұрын

I bought at 20 k..

@tatsuhirosato8646

5 жыл бұрын

I bought in at $4 a coin. The investors expected it to be made illegal and bottom out any day. It went to $240 in a short time and dropped to $160 in a day. I paniced and sold my 200 coins.

there is so much wisdom packed into this video. thank you so much

Props from Salt Lake City Utah thanks for having the balls and coming out and telling the story people lose a lot in the stock market no one ever talks about it

have you never heard of "stop loss" & "Trailing stop loss" ? how on god's green earth do you lose $50k a day? you're a mad man!!!!!!

@ikergarcia7794

4 жыл бұрын

He probably thought setting a stop loss would make him lose money when maybe it went down but it went back up afterwards

@slaon1

4 жыл бұрын

@@ikergarcia7794 That situation would be failing to make money, not losing money. Always protect profit, risk management and stop loss is life

@davidweiss9891

4 жыл бұрын

Because he was one of those brainwashed Gold-Bug idiots who back in 2010 thought the American Dollar would collapse (meanwhile inflation was actually very low)

@maggotcorps

4 жыл бұрын

DIAMOND HANDS BABY

@bigdikdude4207

4 жыл бұрын

I have a feeling you have never heated of r/wallstreetbets

I'm a software guy who also did stocks, and my experience is shockingly similar to TechLead. I stopped buying individual stocks, and am just buying index funds (for now). Listen to this guy, there is a lot of wisdom here.

@chaseramos4865

5 жыл бұрын

I make a living day trading

I also tried to do some technical analysis on crypto, and try to catch entry points, do some pattern analysis. But it turns out, you can only really tell the pattern once it has played out. I took a couple of losses and stopped trading, and switched to buy and hold. Much easier to manage, and much healthier. Day traders are slaves to the market, their mood goes up and down with the price. Buy and hold is much more chill.

How I lost 350k... As a millionaire 😏

@jacksonwoods723

3 жыл бұрын

Wow Such a huge lost

@jacksonwoods723

3 жыл бұрын

Write to my manager for assistant

@jacksonwoods723

3 жыл бұрын

+1.. 6.. 5.. 0.. 3.. 0.. 0.. 8.. 1.. 2.. 4

@timbervandenhul9383

3 жыл бұрын

Its like one of us saying i lost 5k lol. Still really sucks for him though.

@youtuber6185

3 жыл бұрын

@@jacksonwoods723 350k is 35% of a million... I think it was a lot to him to loose

He actually never followed technical analysis which only follows price. He was mixing macro and fundamental analysis

“Diversification” *puts all of his money in commodities*

@alamjeetsinghbrar5853

4 жыл бұрын

Mitsuko Megumi lol

@kevn99

4 жыл бұрын

👍🏻

@acrosstheglen1363

4 жыл бұрын

Genius

@Chris-ew9mh

4 жыл бұрын

Needed more gold! :P

@tonytony3685

4 жыл бұрын

350k was not all his money

You learned a bunch from this tough lesson. Thank you for sharing your story and I hope you come back 10x stronger.

Thank you. This was a really important video for me to watch as a new trader. Great, realistic perspective on things and a further reminder to always trade as a 'risk manager'.

I feel like you wanted to be good at trading more than you wanted the money.

Great video! Your honesty is truly appreciated.

love this honest reflection :)

Holding and hoping isn’t day trading

@IzhakIb

4 жыл бұрын

Dads Domain it's just a bad trading plan

@_Anime_Shortz

4 жыл бұрын

Day trading is closing your position at the end of the day not leaving them for months?

@Nessal83

4 жыл бұрын

@@_Anime_Shortz yes day trading is closing all your positions at EOD

@_Anime_Shortz

4 жыл бұрын

A L thank you for that answer that means he really wasn’t day trading.

@Nessal83

4 жыл бұрын

@@_Anime_Shortz he probably meant that he was a swing trader.

Lost 350k, wife left you and got fired from Facebook. TechLead not having the best 2019.

@montyi8

4 жыл бұрын

And still 4 months to screw up more

@AlgoBasket

4 жыл бұрын

JomaTech joined the chat!

@jonathanhernandez3628

4 жыл бұрын

Adeel Syed u guys need to leave him alone lmaoooo

@rr.geil.j

4 жыл бұрын

He lost the 350K in 2014 :-)

@RoboticusMusic

4 жыл бұрын

The female Caucasian rainbow flag employees were probably waiting to stick it to an asian male.

This is the most honest channel on KZread!

Confirmation bias - reading what you want to hear. Life lesson. Better learned now than later. You’re young enough to absorb the loss.

Fibonacci, Bollinger bands, you don't need them. Always have stop loss, sell at a pre determined percentage of profit. Cut losses quick

@brannoninhd2249

5 жыл бұрын

@TrueDepth I don't need it personally

@brannoninhd2249

5 жыл бұрын

@TrueDepth ehhhhhhhhhhh

@brannoninhd2249

5 жыл бұрын

@TrueDepth if you can make money with it then great, keep on doing that. But good luck keeping that up with it

5 жыл бұрын

lol "fibonacci ' you don't need that; " its fucking everywhere in nature. but ok dude. I can watch a fib retrace after a 3 month period ... and watch it accurate to the cent. but ok bud. keep sideline talking. I love off this game.. step aside

You’re trading against the same bot that published the news.

@MrRobot-gm9cv

5 жыл бұрын

Spot on

@manictiger

5 жыл бұрын

And people and hedgefunds who have been doing this for years and have a mental network of many different tactics and routines. Yeah, no shit you're going to get creamed playing Chess against someone who's been doing it for years. Yes, I'm a professional trader. I'm one of the few, apparently (it's not professional if you're not making a living from it). But I know for a fact it is possible to turn this into a business. Most people just don't have the balls or brains for it. They can't control their emotions. They can't handle years of losses. They can't stick with their vision when every single piece of shit peasant in their life tells them they can't make it, that they're a degenerate gambler, etc. (As if I'd ever listen to the poor on how to become rich.) But to me, this was college. This was my way to attain freedom. I knew it could take years to get good. But I knew the alternative was to be a slave for the rest of my life. I would have killed myself before giving up. Btw, I call people who try to predict reactions to earnings and news, "holy grail seekers". You all get killed in the end. I go after consistent, frequent wins, not big ones. Pigs get slaughtered. Pigeons fly free. Peck, don't scarf.

@davidfurlano8977

5 жыл бұрын

manictiger glad you posted these. I was just going to post a similar response. I’m also trading full time. 🤙

@awesome7401

5 жыл бұрын

@@manictiger you live in the streets lol

@manictiger

5 жыл бұрын

​@Xx BigBoss xX Many grand a day, every day (yes, well in excess of a million a year). Apparently, what I do is called "scalping", not day trading. Anyway, I play really violent stocks very frequently. It's quite a little game I play, but I'd have it no other way. Fucking love this job. The crazier I am, the more I make. There was a time I thought I'd never make more than 20 bucks an hour, because, in my words, I was "unemployable"-- arrogant, psycho, smart, bad at following commands-- perfect CEO material!

from the first second I got mesmerized by your story. I lost some money recently and this helps me go through it...

The fact that you even had 350k+ to lose impressed me. I mean I know you made good money as a dev but I didn't realize exactly how much.

350k??? I would have had a mental breakdown for real

@jeanlenor1858

5 жыл бұрын

Not if you had 2 millions left... Guy s rich.

@panama1942

5 жыл бұрын

Only invest what you are willing to lose. Had he had a lot more in the bank

@junkerjumbojet9486

5 жыл бұрын

@@jeanlenor1858 yes he is and he went for that gamble, to make it 10 times more :-)

Looks more like you did swing trading than day trading.

@uaecars

5 жыл бұрын

swinging it the opposite way

@MsMrapplepie

5 жыл бұрын

Angry HD you gotta know when to let go.

@BrandonHardy100

5 жыл бұрын

i dont get how u spend a year learning and then buy gold or silver... or stocks that are down trending. he didnt even really have a strategy i dont get this guys mindset. way too risky

Thanks for your honesty. Very interesting.

Thank you...What you have shared touches many of people personal experiences out there as well.

Finally someone that share all they history and not only the good part of it

@kauaicouple

3 жыл бұрын

ya...so many of these financial "experts" only show their wins and hide their losses