Hi Steven, it was great fun talking with you this morning. Hopefully your viewers will enjoy our conversation. PB

@jpdenford1473

3 жыл бұрын

Thank you both for the great conversation. Please get a link to your channel added in the description!

@Hsoloooo

3 жыл бұрын

Subscribed! Going to binge watch your channel this weekend!

@jpdenford1473

3 жыл бұрын

​@rrobertt13 I guess you're just trolling or perhaps I wasn't clear. I just intended to be helpful so others don't have to trawl through the comments to find the guests channel.

@haydenwilsonx

3 жыл бұрын

Thanks for the real insights, Patrick.

@fnfn9199

3 жыл бұрын

this was an awesome interview, you should start a podcast

This is crushing my dreams of making 10 million a month with my 5k

@MrBchi

3 жыл бұрын

Don't let any well educated, experienced sincere man tell you you can't do anything you want to do. If you want to do something you just need a $57 course on how to scam people.

@akuntanmillennial5980

3 жыл бұрын

@@MrBchi LOL

@petarz9029

3 жыл бұрын

@@MrBchi well said brother! Keep the dream alive! 😅

@julie91295

2 жыл бұрын

Or you can invest the 5k into renting some suits and lambos and became a tik tok guru and run scams

@AbhishekSingh-tx3sp

2 жыл бұрын

@@MrBchi hahah

What is so nice is that around the 50 min mark Coffeezilla says the Patrick's KZread channel with only 5k of subscribers is criminally under-rated versus the fake gurus... and 3 years later Patrick has over 500k subscribers. The cream eventually rises to the top, the grind pays off, the genuinely knowledgeable surpass the fakes. 👍

@Efraim17275

23 күн бұрын

Yep even though I actually know Patrick from plain bagel but it's interesting and kinda sad that he barely had 10k subs when he actually educated people and not scamming with intriguing thumbnails such as how to make 500 USD while sleeping 😂

Patrick makes the killer point: If you had a goose that laid gold eggs, why do you need to share it?

@andreidinu7316

Жыл бұрын

Especially if the eggs are limited.

@SweWince

Жыл бұрын

Maybe it's too expensive to buy on your own, and the eggs get bigger with more people owning/tending to it?

@pierreclifton1865

Жыл бұрын

And charge $4,000 membership

@nayanmipun6784

Жыл бұрын

Not necessarily, many valid successful traders have good will too

@mariahlin5556

Жыл бұрын

@@nayanmipun6784 Goodwill? nonsense. It's to profit in some way or another, whether by image or money.

While I'm watching videos about scams, KZread is showing me advertisements from scammers 🤣🤣

@rauldempaire5330

3 жыл бұрын

Same here!...

@barneycasting8331

3 жыл бұрын

I am surprised you aren't using the Brave browser to watch KZread! Brave browser blocks KZread ads as well as pay you BAT cryptocurrency which you can convert to USD.

@brennancoats9964

3 жыл бұрын

Barney Casting my man is trying to advertise a scam, on a comment about getting advertisements for scams while watching videos about scams...

@aaidelbessraoui2650

3 жыл бұрын

Same here. Like yeah assholes still exict aguess

@DenzelLN936

3 жыл бұрын

Hi my name is Dan N as well.

Patrick was my professor at uni. one of the brightest minds I've ever had the chance to interact with

@grahammizzi4368

3 жыл бұрын

that is cool

@zaidislam1774

3 жыл бұрын

which uni?

@banglacowbanglacow3340

3 жыл бұрын

Was the knowledge you gleaned ever applied to the investment field ?

@sofianehamouda1230

3 жыл бұрын

@@zaidislam1774 QMUL

@faithgoga3983

3 жыл бұрын

😅 did he tell jokes with a straight face too? The jokes miss me, then I go to the comment section only to see people laughing at jokes which I missed.

Love Patrick Boyle. He's one of the most real people in this space, and he's taught people so much about how to think financially.

@phillipross2641

7 ай бұрын

Nice to see that Patrick had 5k subscribers at the time of this video, but now have 600k+

@zegarp

7 ай бұрын

If you limit "this space" to "youtube" / "the internets" then yeah ;)

@badluck5647

6 ай бұрын

I prefer half donut

Whenever someone says, "you dont need to work to earn a lot of money" that's a big red flag

Of course the guy that knows stocks very well would look like the STONKS man

@Aslamuddin_

3 жыл бұрын

Haha. Go up

@mot7808

3 жыл бұрын

😂😂😂😂😂😭

@FifaMaestroAdam

3 жыл бұрын

Lmaoooo

@hankypanky4u

3 жыл бұрын

Lolololololilolilololollmaooooo X1000000000 LOLOL

@dm.3145

3 жыл бұрын

GODAMIT THE SIMILARITY IS UNCANNY

As the creator of Half Donut One Donut Finance, I wanted to thank you personally for the mention. :) Also, excellent video!

@darthsiddious7469

3 жыл бұрын

breakfast circular edibles, close enough haha

@geovanniecheverria5678

3 жыл бұрын

Ben Felix has amazing content realeate to investing.

@huzzah4139

3 жыл бұрын

@@geovanniecheverria5678 Agreed, Ben Felix makes one of the best videos i've seen on investing

@CuriosityUnchained

3 жыл бұрын

The Plain Bagel Your vids are really great 👍

@siddharthk9487

3 жыл бұрын

Lol

Patrick Boyle is GOLDEN. I am 60 years old and trading since I was 19, I can totally relate to everything he is saying. My biggest problem with trading in the early years was myself - it is so hard to change, but once you get it, then things start going in the right direction. Nice find getting him on your show!!

@fungdark8270

Жыл бұрын

Same, I’m still new, but recently came to terms with my bad engagement with trading - as gambling. I’m now running the wheel strategy to build a good portfolio

@crispyduck1706

Жыл бұрын

if you were any good you would have been minted by now

@craggerrs

8 ай бұрын

Are you a trader?

@krozareq

7 ай бұрын

It is very good to see someone like him on KZread. Stressing value creation is so important. It's one of the reasons I often prefer a market that has lower liquidity. When fed interest rates are practically nothing and money is flowing like crazy, few companies are investing in value creation. Instead, capital is being flushed down the toilet and everyone is excited about it. Then we see, like recently, with rates going up and the smoke clears: it wasn't the interest rates that lost all that money, it was already gone while everyone was having a party. Now companies can focus more on value creation. When trading, one has to stay off most of the internet. Almost everything out there is garbage. The boring stuff is better.

@craggerrs

7 ай бұрын

@@krozareq undoubtedly, the boring (or 'unsexy' stuff as some people call it) is where the real gold is

Im only 15 minutes in and i already love this guy. So refreshing listening to someone so well educated.

@illuderebeliarh1260

Жыл бұрын

check out his channel, it absolutely blew up after this interview

@patmustardlive

Жыл бұрын

He’s also a PHD Professor

@harrystyles7466

Жыл бұрын

@@illuderebeliarh1260 yes thats why he did this interview in the first place

@memekultra

Жыл бұрын

hedge fund managers are monsters. utter parasites on society

@cumcumcum148

8 ай бұрын

I think one of the best things about Patrick is his humor style. I never saw a person who could crack multiple jokes in a row with stone cold face just in the middle of explaining something

Nobody who finds a goldmine would sell shovels unless the shovels make more than the gold or they suck at mining. It's always like that. There is only so much gold.

@Mr_Hassell

3 жыл бұрын

An they wouldn't tell others how to get to the gold mine...

@bvm437

3 жыл бұрын

@@Mr_Hassell My point exactly. If you're digging and you find something, you don't put your pickaxe down and start yelling, "I found gold! Over here!"

@wiseGUY1288

3 жыл бұрын

I'd rather be a shovel salesman in a gold rush than a miner. Get rich, and you don't have to spend time getting lucky looking for gold.

@cantu7614

3 жыл бұрын

@@wiseGUY1288 you missed the point to the comment completely

@wiseGUY1288

3 жыл бұрын

@@cantu7614 👍

Scamming people is a lot easier than convincing people they are being scammed, GURU's prey on this mentality.

@reddbehrens

3 жыл бұрын

People don’t want to believe that it actually takes time and effort to make money.

@ladybird491

3 жыл бұрын

Deep but true, especially if the person meet stereotypes according to looks and race.

@axelpatrickb.pingol3228

3 жыл бұрын

Mark Twain said something along those line like there existing two types of fools: the ones that were fooled and the one who refuses to believe they were fooled...

@mineralt

3 жыл бұрын

That is a powerful truth June!

@johnpersechini4951

3 жыл бұрын

Well said and sadly true. I comment on some of these pages and say how expecting to turn $1k to $10k is unrealistic unless you gamble and get lucky and that 2020 was an unusual year and these returns are not realistic over time. And these followers attack me and think I’m foolish 🤷🏻‍♂️

I appreciate how Patrick Boyle talks about the emotionally draining aspects of the job, like not everything is sunshine and roses and I think the lack of pain of a 'real job' that these scammers sell is one of the keys to their success

@Immigrationsituation

Жыл бұрын

Gonna say. From when I was 15 till 40 I worked Manuel labor low paying hard azz jobs now I have own business and work 15 hours a week amd make more than ever before. If you aren't climbing a ladder all day carrying heavy stuff up it. Cutting steel with a cold saw all saw. Hanging sheetrock. Sandblasting 10 hours a day. Then no any job in front of a computer is not a pain and not hard.

@DoubleMonoLR

Жыл бұрын

@@Immigrationsituation So what you do is hard, but something you've never tried isn't hard...

@JimBob1937

11 ай бұрын

@@Immigrationsituation , jobs where you use your mind can be just as draining, just in a different way. Kind of surprised you're only working 15 hours. All business owners I know work more than their employees.

@didierb9102

3 ай бұрын

Trading with consistent positive results is a demanding job, but it works. Doesn't need 1 million in your bank account to make 100% return a year in an uptrending market. Trending low volume is easier than to manage a hedge fund.

@markcrisp07

3 ай бұрын

Is he a day trader?

Really impressed that you got to interview Jason Statham, he's surprisingly knowledgeable about finance

@iamcarlosamaya

Жыл бұрын

HAHAHAHA

@orionmorgan5155

Жыл бұрын

Nice Patrick Boyle channel reference. I do find that they both have a nose, ears and a mouth. So they are quite similar.

@ToadyWoods

Жыл бұрын

@@orionmorgan5155and bald. I think that’s a key feature between them.

@petitio_principii

Жыл бұрын

@@ToadyWoods precisely, also the vocalist from R.E.M. They're all identical because of these traits, but you can tell it's not the singer from REM because 1 - the voice is different, and 2 - he isn't singing.

@sinfulhappiness

Жыл бұрын

🤣🤣🤣🤣

If you don't pay for a product, you _are_ the product. This applies to no commision trading platforms, where high frequency traders buy your data and use it to gain money by using your data to be ahead of the market. This also applies to things like gmail, facebook, instagram, youtube where you don't pay money, but your data is sold to companies that put targeted adds in front of you. You and your data _are_ the product these firms sell.

@TC-th1ey

Жыл бұрын

I think if I were a product someone is due a refund.

@faizalqorni7969

Жыл бұрын

With fake guru, if you paid you are the product lol

I'm glad to see Coffee interviewing Boyle back then, he's kinda blown up since and good. Smart guy with a really nice sense of humor. But you're both wrong. It's really easy to make a lot of money quickly. See what you do is you create an unregulated security, like a crypto token, pump the price up, then use that as collateral to leverage a huge loan, then make a bunch of risky bets. If the bets pay off, you got rich real quick. If they don't, you get to dodge Coffee asking you whether you committed fraud and suggesting you should be in jail.

@bubble2904

Жыл бұрын

Heck you got me in the first half Hahahah!!!!

@FYPNLP

Жыл бұрын

🤣🤣🤣🤣🤣🤣🤣🤣. You cheeky scoundrel

@piccalillipit9211

Жыл бұрын

He is funny AF - and his documentary on Charles Ponzi is BRILLANT - so ch an interesting character.

@jerryb216

Жыл бұрын

The only problem with the "quick" scheme is that one day legislation will catch up, and I do think with record preservation as it is today they will be at least sued. But some of the actual monetary values some of these guys walked away with I do think they will get completely screwed in the end. Why? Taxes. There is no way the IRS will let all that income just go undocumented.

@akhil1996kc

Жыл бұрын

Why are you called "Lambda Function" lmao

Would be an absolute treat if you made a follow up to this video with Patrick. Since you both have substantially more subscribers now it would reach many more viewers and people really need to hear this.

I love how he mentioned that hedge funds smooth out volatility. They don't necessarily produce a bigger, better return. This is why you need to be incredibly wealthy to make it worth investing in a hedge fund to begin with.

@AJohnson0325

Жыл бұрын

Some produce great returns but I believe the idea is to produce good returns with less risk than the overall market. When the stock market was falling and everybody was losing money, Bill Ackman made an absolute killing.

"You guys are buying $2000 courses when you haven't even cracked your local library" - Coffeezilla

@diorocks5858

3 жыл бұрын

awesome you killed it

@cramsa

2 жыл бұрын

@X Æ A-Xii Some of the “gurus” run pump and dump” groups and their “strategy” would massively fail in the large blue chip type stocks/instruments etc.

@paullarsen4178

2 жыл бұрын

Agreed. Unless you are willing to spend the time to invest in yourself, why invest your money in someone else?

@Some0ne001

2 жыл бұрын

The library has been awesome. Got a library card and you can go online to connect your card online now you have access to a huge library of e books, audiobooks, and more. Jesse Livermore’s books have been my favorite.

@imwithstupid086

2 жыл бұрын

@X Æ A-Xii That's if they even have portfolios. Robert Kiyosaki, anyone?

I watched this video in late 2020 when it came out. Now in Jan 2023, Patrick has developed his own channel and it is doing well to educate viewers honestly but also with humor. Also Coffeezilla has gone from something like 200k subscribers or something to 2.3 million. And that is due to quality content, not to fraudster or click bait garbage.

@steverogers7601

7 ай бұрын

Nah, Coffeezilla does have quality content. Let me say this again before you overlook this; Coffeezilla does have quality content…. But it’s not just honest, good quality content alone. CZ leans into the drama. He’s entertaining, savvy, and engaging, but he leans into the drama side of these scams, and it’s in part to why his channel blew up. He leans into the YT clickbait thumbnails, leans into the drama side of scams which also fuels viewership on YT, and of course, credit to him he has an enthusiastic and entertaining personality. He’s a good guy and I like him, but he falls into the classic nature of KZreadrs.

I clicked because the thumbnail showed Patrick Boyle gesturing with BOTH HANDS - and I'm not disappointed! I'd been seriously wondering if he was paralyzed in one arm and I'm glad to learn that he's not.

Patrick is a real gem, I've watched so many hours of his videos. The first one I almost turned it off in the first couple minutes because I didn't understand his humor but it's really grown on me. Really smart guy.

What I learned from years of playing and learning poker is that whenever there is conflict of interest there's never an ounce of valuable information shared between the two parties. It's basically a war of information and knowledge. Nobody in this world of four dimensions will ever share that with his competition.

@denisl2760

3 жыл бұрын

Exactly. Being rich is relative. If you have a billion dollars, then everyone else gets a billion dollars overnight, you are no longer rich, you're just a poor shmuck just like everyone else. So if you know a secret way to make alot of money quickly and easily, its in your best intetest to keep it secret.

@jameslingle4275

3 жыл бұрын

After 27 years of playing casino poker and 37 years of trying to trade the stock market your comment is, in my opinion, 99% accurate. I think there is some information that slips out here and there that is accurate. Sometimes by accident, usually due to ego. I am slightly behind thru the years in my attempts to make an easy living. I do know some professional poker players. Obviously there are some professional traders. I am neither. Doesn’t mean I will stop trying.

@MajinXarris

3 жыл бұрын

@@jameslingle4275 Hi James, I appreciate your valuable insight on my comment. 37 years is no joke! Cheers mate 💪

@putinski666

Жыл бұрын

I'm replying 2 years later but this is one of the best nuggets of wisdom I've seen especially in the form of a KZread comment. This is the kind of thinking that will keep you from getting ripped off in any way.

@MajinXarris

Жыл бұрын

@@putinski666 After reading my comment from two years ago I can relate to it even more with all the craziness that had engulfed our world.

I am a former floor derivative trader who was part owner of a self funded firm (no outside money). I have pretty much seen it all and I can tell you it is tough to make and then keep money. You have to ask yourself why someone would share with you a system or philosophy that is guaranteed to make you money. Why wouldn't they just do it themselves and retire to that island everyone talks about.

@Kloutkulture

Жыл бұрын

Then you should know because trading takes risk

@mehmeh1999

Жыл бұрын

@@Kloutkulture "If a square's angles add up to 360° and a circle encompasses 360° then why isn't a square considered a circle". What you have stated is the finance equivalent of the aforementioned mathematical statement.

@Kloutkulture

Жыл бұрын

@@mehmeh1999 Not even close at all. Nice try though kid

@mehmeh1999

Жыл бұрын

@@Kloutkulture What would you liken it to?

@Kloutkulture

Жыл бұрын

@@mehmeh1999 Not close to what you said.

"A successful man is one who can lay a firm foundation with the bricks others have thrown at him." ---David Brinkley

What you said about people who would rather gamble in day-trading to make $20k a year instead of getting a job, reminded me that it is amazing how much trouble and risk small-time criminals take to earn a measly income (the specific example, from next door, was people breaking into an empty house, due to be demolished, to steal some copper pipes - and getting caught), instead of having a job. The payoff must be emotional, because it sure isn't monetary.

@DivestedChristian

8 ай бұрын

Never thought of this! Screenshotting!

@jonnelson9760

6 ай бұрын

I think that at least some of these people can’t deal with the boredom from a regular job.

@Lemma01

5 ай бұрын

​@@jonnelson9760 Yes. That's exactly why I steal.

@hansjuker8296

5 ай бұрын

Well, having a job is what "whitey do."

@markcrisp07

3 ай бұрын

If you day trade.. Maybe do it until you get to $200,000. Then invest longer term.

Finally someone who comes across REAL. None of this fake crap!

@louissanderson719

2 жыл бұрын

He’s been on the industry over 20 years. He knows his shit

I'm one of Patrick student in his derivatives class. One of the best professor that I had and the material on his channel helped me immensely on my final.

I've seen these "Master the guitar in two weeks" adverts too. The comparison to day trading gurus is bang on. It's just about appealing to people's laziness: the prospect that you can get a big reward without having to put in the work everyone else does.

It's so weird seeing Patrick talk somewhat expressively. LOL

@SDAspra

4 ай бұрын

Patrick "broke character" on this interview 😂

*Petition for coffeezilla to interview caleb again*

@Ace-vr2xq

3 жыл бұрын

WE NEED IT!!! u know whats funny? Caleb stopped the ads ever since and is ghost on social media LMAOOOO

@RyanshawMe

3 жыл бұрын

@@Ace-vr2xq shit 🤣

@simonfier1018

3 жыл бұрын

I would like him to cross interview ricky now based on this interview.😂

@tlustejmicin

3 жыл бұрын

Caleb and his overpushy attitude while speaking kind of triggers me. However I ll take the risk. I vote yes.

@Dannywebbb18

3 жыл бұрын

@@tlustejmicin he doesn't even speak English. Everything he says is a sales pitch it's insane

Engaging convo. I was about to fall asleep but woke up when this started. And props to coffee for being such a good listener and interviewer. No annoying interruptions 👍🏽❤️

Just came across this. I see 2 yrs back Patrick allowed himself to crack a smile.

@FYPNLP

Жыл бұрын

I know! I was actually shocked! 😳

@alejandrogiha7583

Жыл бұрын

The ressesion effect

Patrick Boyle is the most astute commentator on KZread by far when it comes to matters of Finance

@hughcards

Жыл бұрын

Agreed. He’s a star.

@FreaksSpeaks

Жыл бұрын

And funny too at the same time.

@team7tv_

Жыл бұрын

Ok Patrick Bateman

Watched the whole video, this is the quality I'm looking for KZread. No filters just content

Nice to see Tyson Fury expanding his talents into other fields

@johnnycolon3208

3 жыл бұрын

It's also nice to see that his new diet is going well for him

@calmingnature2831

3 жыл бұрын

😂😂😂😂😂dem

@kronickintrovert

3 жыл бұрын

@@johnnycolon3208 a little too well lol

@Michael-Kaiser-

3 жыл бұрын

100%. yea Gypsy King is very versatile..

@boleslawkrzywousty7945

3 жыл бұрын

Johnny Colon oh my

I love Patrick Boyle's straight face jokes. They crack me every single time. No face expression, no change in the tone of voice, but the joke is always hilarious 😂

@pandora8478

Жыл бұрын

Poker face!

@imaginaryguide1895

Жыл бұрын

I always thought the dry wit was a bit of a bit, but it's fun to see him here laughing at his own jokes and being a extemporaneous. Nice to know that the humour in his videos has organic roots.

Video literally jumped from Patrick mentioning sketchy financial guru ads to a sketchy financial guru ad within seconds 😂

Trading sounds a lot like hacking/IT security in that learning the skills necessary requires a lot of reading, a lot of practice, for most people a lot of training. Many people get into it because it looks cool from the outside but don't want to learn the deep elements of the systems they want to attack, they download Kali Linux and open a terminal and think they're a hacker.

@vedashen3573

3 жыл бұрын

you nailed it. Trading is a profession. Of course you have to learn and practice a lot. I mean a lot. Not for nothing almost everyone fails. Also because of wrong expectations. And especially in day trading, you have to deliver top performance every day. If you only learn it in order to make money with it, then you won't make it because there are too many hurdles and you will lose money very easily. To persevere and become a pro you need a passion for it in my opinion. And the most difficult part is to master your own psychology. You must be able to control yourself and your emotions. The better you can do this, the better your performance and the easier it is for you to stick strictly to your trading plan. The latter is especially important in extreme situations.

@CvnDqnrU

3 жыл бұрын

Everything is like that, but in investing you can lose your life savings if you make a mistake, and in IT security everyone's life savings.

@Baghuul

3 жыл бұрын

The thing about trading is that no matter how much you read, study, ect... does not mean you will be better at it. You might have a better understanding, but it does not make you more profitable.

@vedashen3573

3 жыл бұрын

@@Baghuul I have to completely contradict this from my own experience. The more I understood, the more profitable I became. The way there is only stony and difficult.

@vedashen3573

3 жыл бұрын

@Omar Ignacio Silvestrini Isn't boredom also a sign that you have become a professional? At some point it is simply nothing new in general. You just follow the same procedures that have proven themselves. Nevertheless, there will always be adrenaline filled (more exciting) days.

You can tell Patrick is a smart badass just by his punchy humour. 💪

I have been trading full time since 1994. This is one of the best and honest advice.

The sense of humor on his channel is what led me to stay a while ago didn't know he did this!

This is the type of guy I respect. He is honest, down to earth, does his homework. U deserve much success!

"The stock market is like a casino where you sit on the correct side of the table" Great insight about equities from Patrick Boyle.

This guy is absolute gold. Dry, UK humor. Knowledgable. Honest. Zero sales pitches. Just good.

@Jinsun202

Жыл бұрын

He's from Ireland, not the UK.

@lukelacey101

8 ай бұрын

A collective eye-roll from the Irish :P @@Jinsun202

@AB-ee5tb

7 ай бұрын

@@Jinsun202he just said uk humor

I can’t believe I am seeing this 2 years after publication. Please hook back up together soon to survey the carnage these snake oil salesmen caused and where they are now!

jonny sins day trading these days. What a talent

@loopje

3 жыл бұрын

The market is fucked... everyone is trading, huh?

@adequatequality

3 жыл бұрын

A plumber, a doctor, an electrician, a masseur, and now a hedge fund manager 😍

@siddharthnandi8567

3 жыл бұрын

can't social distance on his other jobs

@smartmoneyinstitution9279

3 жыл бұрын

@@adequatequality police officer

@Chris-mk8iw

3 жыл бұрын

🤣🤣

140,000% a year, *me checks calculator and sees its ~137,741%* Damn he did that in his head in a couple seconds.

@-OnTheRun-

3 жыл бұрын

you clicked 100 dollars times 2% 210 times? :P

@chrismackay9268

3 жыл бұрын

Yeah I was super impressed by that

@Slenderman63323

3 жыл бұрын

@@-OnTheRun- no, you use 100 * 1.02^365

@-OnTheRun-

3 жыл бұрын

@@Slenderman63323 threes only 253 trading days in a year for stocks.

@Slenderman63323

3 жыл бұрын

@@-OnTheRun- ohh bet lol. I'm too deep into cryptocurrency, which trades 24/7/365

Making the spreadsheet that Mr.Boyle says is so simple and useful, must first step before investing

"I have a bit of expertise... I have written a book actually." I love it.

@-OnTheRun-

3 жыл бұрын

yes, but he IS selling his book :P

@KevinHasSpoken

2 жыл бұрын

@@-OnTheRun- I’m sure he is to people who actually want to learn how to trade

@-OnTheRun-

2 жыл бұрын

@@KevinHasSpoken Don't be so naive, its rehashed garbage he read from other books, who also cant trade so they write books. If you can trade, you trade, he's no different from the other book peddlers littering the internet. But our boy coffee nominates him and not others as legit :P gimme a break man. paid promotion.

@afabuloussentientbeing8112

2 жыл бұрын

@@-OnTheRun- He's literally a Hedge Fund manager...

@OS-yg9fr

2 жыл бұрын

@@afabuloussentientbeing8112 ...so good he needs to sell a book on youtube? lel

If somebody had a secret to getting rich, then they probably wouldn't share it with anyone.

@pedroribeiro7594

3 жыл бұрын

Trading is no secret...its way of getting rich yes...but u still need knowledge, practice, persistence...no secret sauce.

@BangMaster96

3 жыл бұрын

@@pedroribeiro7594 Again, everyone says that they have their own trading strategy, but at the end of the day, no single strategy is effective. They all will have their wins and losses. NOBODY CAN PREDICT THE MARKET! And that is a fact, and will remain a fact forever, even high end Computer algorithms fail to predict the market. But, you're not their to predict the market, you're there to invest based on probabilities, you need a huge set of data, you need to study the company's history, quarterly earnings reports, growth trajectory, the company's reputation, the popularity of the stock, and many other factors, after which you can make a calculated guess as to which stocks to buy. But again, that requires you to spend hours daily researching companies, reading reports, reading the news, have knowledge of Statistical Analysis, etc.. It is doable, but not for everyone.

@pedroribeiro7594

3 жыл бұрын

@@zubair-xj5mn The real "secret" is keep things simple...most people overthink and make the process harder. I trade in the Forex market...all u need is to read price...market structure...focus. The guy on this video over complicates.

@pedroribeiro7594

3 жыл бұрын

@@zubair-xj5mn There is some nasty gurus out there for sure...marketing with lambos etc... but there is some silent ones who make REAL fcking money.

@kingkong8974

3 жыл бұрын

There is no secret to getting rich. There are many ways to get rich and the information is given to you everyday. I learned how to invest when I met this old man who’s dead now. The rest was google, reading and KZread.

Regarding the talk of running an online shop on Amazon to "get rich" (0:42:00). I ran a real shop, on a busy high street in the UK *as well as* an online store, though not on Amazon etc. This week we've had to close due to the current economic climate, and going into semi-retirement. The amount of people who ask if we're "going to sell it online now?" As if it's easy money and free to sell our own products 'online'. I then explain to them that we've always sold our stuff online, this is the first year we've run at a loss since we've been 12 years in business and that if we made a loss with online sales *as well as* an over-the-counter trade, how will we make more money taking that counter trade away? Bottom line is to make money, you have to create it. It takes knowledge, experience and hard work. And if watching some random dude, flexing his wealth on You Tube, is learning and research to you then you won't make millions!

Good work. As someone who has been running an asset management firm the last decade the YT needs more of this.

Finally, some real talk. Hopefully this will discourage some of the tiktok kids from giving their daddy's cash to lambo flashing con artists.

Everyone is Warren Buffet until they hit their stop loss... if they even have one

@JasperDc90

3 жыл бұрын

only people that use stop loss are day traders. no long term investors would have stop loss because you really dont lose any money until you sell on a loss.

@JasperDc90

3 жыл бұрын

If you actually do your research and the company is in strong standing with future growth then you don’t sell even of it goes 90% down.

@dennismoca1266

3 жыл бұрын

KEKW N1 SIR XD

Patrick smiling..thats rare because usually all we got is his poker face😂😂

Most traders will lose regardless of what methods they employ. Even if they know how to trade successfully based on current conditions,most traders would still lose over the long run..

@solemlyn149

3 жыл бұрын

Most of these traders tend to lose money because they repeatedly make ordinary trading errors which can be averted if there is presence of good guidance to aid understand the foundation of trading

@jacksondougan476

3 жыл бұрын

Totally correct,i was losing trades and money in the process of self trading till i re-strategize and started through a skilled entity. I no longer lose trades neither do i have to work 12-5 since i bank on the service of a trading expert to secure my financial position and earn massively overtime

@laisonherberts6107

3 жыл бұрын

A lot of factors can draw attention to the loss of trades and money but inadequate time and low risk management happens to be the most frequent factor

@hedamjohnson5030

3 жыл бұрын

@@laisonherberts6107 Low trading risk management can always be avoided given you have patience and proper education on the market so as to know a favorable time to start and close trades

@camillepaula4759

3 жыл бұрын

@@jacksondougan476 Hello,how do i find such details as skilled entity? i know it is essential and people keep saying be cautious about the market but no one provides the insight of obtaining profits

Tyson Fury's brother that went into business.

@SitDownwith

3 жыл бұрын

😆😆😂

@visionmission605

3 жыл бұрын

I was looking for that comment. Thank you.

@paulb2995

3 жыл бұрын

Honestly, you could’ve told me that he’s a distant Statham relative and I would’ve believed you. 😂

@michalvelkovski2835

3 жыл бұрын

@@paulb2995 lmaooo. Little did we know this trader is bad ass.

@obinnaubah9045

3 жыл бұрын

Lmao 🤣

This was great content. Being a successful trader requires you to develop your own system, not pay for someone else's.

@panzervalkyrie9299

3 жыл бұрын

Agreed you need an area of specialization that gives a competitive advantage. Mine was trading industrial metal commodities.

10 -15 years ago every month I would Google “when will market crash”. The same guy would advertise his stock picking service and say the same thing every month. He said every month That the market was going to crash. A year later the market hadn’t crashed and he was still saying it’s going to crash.

@myhr2320

Жыл бұрын

The market will always crash, it's not a matter of "if", but of "when" and "how much".

@GrumpyCat-mw5xl

Жыл бұрын

@@myhr2320 I agree. Even a broken clock is right twice a day.

@DoubleMonoLR

Жыл бұрын

Same technique as televangelists constantly saying the world is going to end - gotta put your money in now to reap a harvest...

Agree, Patrick Boyle channel is way underrated :|

@anderssorenson9998

Жыл бұрын

I love the sardonic wit with his deadpan delivery, his video are very funny always enertaining.

I believe everything in this video since Jason Statham said it himself.

@JuancoPRoFlow

3 жыл бұрын

🤣🤣🤣

@blindedby2monkeys

3 жыл бұрын

don't insult patton oswalt like that.

@trader.wannabe1667

3 жыл бұрын

LOL

@SitDownwith

3 жыл бұрын

😂

@jerrodtham

3 жыл бұрын

Skinny Jason Statham 😂😂😂

Woah, This is really good, Having someone knows what the hell their doing on this channel is so refreshing.

This has to be the most important conversation I have ever heard!

One thing that the "gurus" do get right. A great way of making money is to get other people to send it to you!

Criminally underrated channel

'Bookshelf in your garage because that's where you keep books.' Lol

@sanjeevkushwaha4043

3 жыл бұрын

Tai Lopez 😂😂😂😂😂

@jeffwells641

3 жыл бұрын

How was he supposed to pivot between the rented Lambo and the used books if he didn't put the books in the garage? I mean, it's not like he was planning on actually reading any of them. "Knowledge!"

Three years in, as a subscriber of both channels this finally came up in my feed. Great video.

Refreshing , straightforward, humorous, and most of all ,honest irishman.

The funniest thing to me with all the day trader gurus, is that in almost every ad on KZread they have no less than six monitors behind them all with the Bloomberg Terminal looking black background with colored graphs and charts. I mean, surely this guy must be an expert in the stock market. Just look at how many monitors with graphs he has.

@lucifermorningstar1082

3 жыл бұрын

what are you trying to say

@deadonentry

3 жыл бұрын

@@lucifermorningstar1082 more monitors = more money

I've been following Patrick Boyle's channel from his beginning, and he's an EXCELLENT resource for learning the truth about trading/Wall Street topics we've all heard but don't fully understand. He offers the plain truth without hyperbole, without an underlying agenda and without Lamborghinis in the background.... just the facts.

@thomasgaudette7367

2 жыл бұрын

The best thing about Patrick's channels videos are thier timeless nature.

Watching this one year later and thankful to learn of Patrick and his channel. Just subscribed.

99% of all lambo owners/influencers either financed it or rented it to look like a lambo owner. That's the truth people don't understand.

I am amazed by how many people seem to be averse to working an actual job - as in, providing a real service or product to real people. Like that dentist he mentions: he stopped fixing people’s teeth, and that’s a shame. Fixing people’s teeth is a valuable, useful thing to do with one’s work life.

@tonylee3583

Жыл бұрын

Take this legal gambling away and you will find who is of real value.

Day trading is a brutal world of speculators competing with each other. It’s not investment. It’s a jungle be aware.

@tinonoman5831

3 жыл бұрын

You are spinning the word "speculator" a bit, I vouch for macro trades in that if you stick to the sector you are familiar with and play the macro cycles, it is very easy to make 10-15% over a quarter of a year. In crypto, a smart person (not even genius), can double their money in a half year. I don't even think 100% return over a half year is even that much.

@maxdakka7973

3 жыл бұрын

@@tinonoman5831 If there is actually a signal that can let you reliably gain 10-15% Q-o-Q or 100% over 6 months, why wouldn't you or someone else just take it? Go into debt, you'll make it back in 3 months, right? You are probably committing some kind of gambler's fallacy in your internal model. But if you really are a genius that can do what 99.9999% of us can't, good for you...go make your millions.

@tinonoman5831

3 жыл бұрын

@@maxdakka7973 I don't think its a secret. Gains on mains, go to alts after good research. After pump go back to mains. Get an understanding of when an asset is overbought or oversold. I dont do TA or have a signal, I am a macro trader. I mean, I am working to make my millions. I take money out before the peak and protect my gains. Sensible emotion controlled macro trading. Not too hard.

@maxdakka7973

3 жыл бұрын

@@tinonoman5831 How much have you made and how long have you traded? Where did you make 15% quarter on quarter? Or 100% half year on half year?

@tinonoman5831

3 жыл бұрын

@@maxdakka7973 One year, this year. I spent the prior year studying block-chain, getting involved in communities. I don't understand why 100% half year is a crazy number, this is crypto not real estate or stocks. If you are coming from wallstreet, I have no experience with that.

coffee I love your videos but this was absolutely delightful to watch. Thanks both of you, if only more people were paying attention to you guys the world would be a safer, better place. Cheers

This needs to be revisited after 2 years !

I’m so glad I’ve come across your channel & specifically this video, I’ve now subscribed to Mr Patrick Boyle’s channel too! I was shown the world of trading early this year and was immediately drawn in by the “huge returns” but the more I’ve delved into this topic I’ve learnt it’s not possible to get rich over night or make these audacious claims of huge returns, now my focus is learning as much about finance as a whole and being better with my money and as part of that is investing rather than trading! I just want to be better with my money and side not in quite a curious person so learning about finance and the economy is really interesting for me! Knowing how things work etc!! Anyways Thankyou for the videos!! Keep it up you both deserve way more subs than a lot of these channels out there!!

Excellent show, So true successful trading is a grind and a LOT of homework.(Read books, test systems, get up early and scope out the foreign markets, read business news, government reports, etc, etc. Great show !

Fun to hear that Patrick only had around 5k subs back then. He's at 625k now.

I am a professional trader and I can confirm that this man is spitting facts. I will say one thing though. I am a swing trader and with the way I do things I do not need to spend much time on actual trading. I spend about 15 minutes per day opening/closing/managing my trades and the rest of the day I can just do whatever. You do not have this luxury with day trading which is why I think that smaller timeframes are a waste of time.

@westplace2001

5 ай бұрын

What was your performance last year?

@dragonflydreamer7658

5 ай бұрын

His performance, he blew up his account 2 years ago.

Amazing interview...Killing it

To all of you reading comments, I wish you a merry Christmas, and may you have a happy, healthy and prosperous new year

@oz_jones

3 жыл бұрын

To you as well!

That was good of Vision to stop by and explain this stuff 🙌

Broooo you even linked the books! Thank you! Coffeezilla is the best channel I've ever discovered. I will swallow my pride and admit I've seen you uncover more than one youtuber's pile of BS that at one time or another had caught my eye a bit.

He’s got 49,000 subs now! I loved this interview.

Man this was a great watch. Thank you🙏🏾 Definitely going to check out Patricks channel

Love the fact that there are fake guru's advertising on this channel 😂😂

KZread just recommended this 2 year old video. It's got both my favorite KZreadrs.

I asked a friend of mine's dad who was a FX trader for a bank when he retired if he's going to continue trading in his personal capacity, he immediately said "no, too much work".

@marcusson1983

3 жыл бұрын

Interesting

@aarongunnz9513

3 жыл бұрын

Too much work I believe him, he wants to retire peacefully

The best thing is I always get one of those fake guru add while watching your stuff

Thank you Patrick and Coffeezilla. This was the best interview that I have seen in months.

Thank you so much. This is so relevant and I can't believe how many fake gurus are out there.

This conversation really opened my eyes

I'm 38 minutes into this video and apart from hearing some great information I've only seen 1 advert. Great job!

Oooooh. I love it when a gem I missed hits my recommended. I love both these channels.

Patrick Boyle is a boss of Finance, the man is well-versed and anyone should listen to him with the utmost attention.

I only invest in index funds from my IRA because I am smart enough to know what I dont know. I set it and forget it because its for my retirement and I dont wake up every morning watching the stocks. I just check the account today and it seems like I am going to be very well set when I become 62. I am 40 now.

@WitchLuw

3 жыл бұрын

Try swing trading Months Years just depends