Everybody on KZread has awesome adventures and stories to tell. Not me. I’m just a normal old guy making my way. I have a regular job, a family a dog and some fish.
But is that really normal? You tell me.
I think I may be older than 90% of the KZreadrs, who cares. There is still a lot of life, thoughts, adventures and more that need to get out of me head. KZread is a great outlet for it.
This is not my first launch onto KZread. This will be the best!
Sit back and take in the life of a boring old man.
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I think they turned out good. Nice work
Thank you. It’s been since December and they are still working. I have them in the back yard. It would be a shame to put them in the garage. Thanks for watching!
I like it. I’m always looking at little stoves when I’m on there. Good video, thanks for sharing.
Thanks for watching! TEMU has a bunch of little stoves. I liked this one.
For more followers record live trades and most of the "successful " 😂 traders love to show their faces more instead of showing us their performance
Thanks for the comment and feedback. I am leading up to that. Thanks for watching.
Great video. I’ve learned the hard way that sometimes you don’t have to wait for your take profit to hit to close out your trade and take your profit and run to the bank lol. And biggest thing I’ve learnt is just because you see an opportunity doesn’t mean it’s your opportunity wait for your moment and follow your strategy and go for it and take it from there 🕺☝️Thank you for the wisdom buddy 🙌🙌
Thank you. It’s taken a while to get it somewhat right. The biggest thing, keep learning from what you’re doing, make corrections and be patient. This is not a sprint. Good luck & trade safe.
As a beginner trader with a year under my belt this is a wonderful video!! Thank you and totally agree you don’t need so many indicators to get the job done they’re all the same thing and you’ll never get to master any indicator or strategy if you keep jumping to the next latest and greatest indicator 😂 and hey if this 50 year old can learn to day trade there’s no excuses guys put in the work🙌💪🏽
First, thank you for watching. I appreciate the great comments & feedback. I'm writing the script for the next one to dive into the indicators. Best of luck in your trading, be smart & stay safe. I hope you like the channel. -Bill The Boring old Guy
@@LifeofaBoringOldGuy Loved the video Bill definitely do one about some simple indicators that most platforms have that if you learn how they work doesn’t matter where you trade from you can have the ability to trade and potentially make money
That is my next video. Scripting it out now. Hope to get it done over the weekend. Thanks for the feedback!
Thumbs up because you chose The Mats
Thanks!! I’ll have to keep that in mind for future shorts. Thank you for watching.
Keep up the great work!
Thank you. Lots planned for this series.
Lol, my dad is a huge Replacements fan 😂 Thanks for sharing
Me too! Tell Dad hello for me. ROCK ON!
food looks gross, but the music is da bomb. Matts forever!
That’s so funny. More people like the music! I’ll have to use it moving forward. Thanks for watching.
Great song
I thought so. Thanks for watching!!
@@LifeofaBoringOldGuy Replacements are a criminally underrated band
@@Rory-gy3ed AGREED!!!
That looks so amazing right about now
Oh it was yummy! Added hot sauce to it. Mmmmm
A big problem is that a lot of people just wanna get rich quick. If a stock rises you already have to be in before it starts. If you want to be "sure" to be in before it rises you either have to have some knowledge to get in just the moment before it rises or you have to be in way earlier and have to wait till it rises again. And if you can't handle the fact your balance is down because you already think it's a 100% loss why would you even be in it? Wait till it's low enough, get in, ride the roller coaster and sell high(er). Easy, but you have to stick with it (in theory) 😅
Good stuff. You’re right. A movement starts and people think they must get in or they will miss an opportunity. Typical FOMO. Patience, waiting for the right time to enter and avoiding greed by taking a profit when it happens. It’s a marathon, not a sprint. Small incremental gains over a long period of time. 1% better every day. Thank you for watching and your comments. I hope you continue to watch.
My first 2 indiv stock picks were bought near ath and proceeded to dip 20% triggering my stop loss. So yes -20% each on 2 stocks.. great
Ugh! I feel ya. I’m going to get deeper into the dip in upcoming videos. I hope you come back for more. The dip is my favorite pattern. Thanks for watching!!
The truth is the manipulators move the stock against all day trader. All wall street firms are in on it. Brokers, Clearing, Market makers, hedge funds...notice how they never lose? Its a computer program (algorithm) they use to sweep as many positions away as possible. Sure a few win...but not consistantly. The best chance you have is to trade on higher time frames like 4h,daily charts.
Thank you for the feedback and watching the video. Everyone has their own plan which pulls from others. I’m going to go into my plan in later videos. I always look left to see what the longer time frames show. Have a great week.
Right! The big billion dollar traders use their time and money to move a trillion dollar market chasing 10% of the market to get what would be 1% on their money when they could just buy bonds and get 4%+.
@@kingmike40 Thanks for the comments!
If you’re losing money in the market .. why wpuld I even watch this?
Hahahaha! That’s the set up. I’m not losing anymore. This series is talking about what I’ve learned and how I’ve changed it around. I know it’s not for everyone, and I’m cool this that. Thanks for your feedback.
@@LifeofaBoringOldGuy Good .. over the decades I’ve seen few who have. I thought people would have learned a lesson after 2008 .. but nope .. its sad.
You should watch because nothing is a better learning tool than failure. When you can learn from this man's failure without risking your money its a double win for you. Remember the saying "Sometimes you are right. Sometimes you learn."
@@ace9840 Well, the goal is 1% better in everything we do every day. learn from our mistakes and grow. Thanks again.
@@kingmike40 I have a boss in sales a while back, John King. He would always tell us, "you're either learning or you're earning." Those have stuck with me a long time. If one person can earn from my learn, than cool! Thanks for your comments and I hope you'll return for more vidoes.
Exactly! A Drawdown is never a loss unless you walk away from it....This is why I swing trade on a daily.....
Love it, thanks for watching and I appreciate the comment. I hope you return for more videos and give me feedback.
Never sell at a loss. Have reserve capitol and buy MORE.
The problem I noticed years ago with people is they work their whole live for someone they know little nothing about. The currency they work for.
Yes, people panic and get out. I used to do that also. Thanks for watching and your comment. I hope you return for more videos.
So true. People are naturally afraid to take a risk. Whether it’s a job, career or striking out in their own. We are drawn to security. Thank you for watching and thank you for your comment. I hope you return for more.
we have all learned a lot over the last few years
But it seems few have learned anything since the 2008 GFC. And I don’t see many ask8ng the most important question when it comes to the economy .. why? Why have things ended up the way they have economically. And now they’re facing an evern worse recession.
And that is an understatement!! Hahaha! Thanks for the comment. I hope you return for more great content.
Easy answer… sheep
i like to buy 1 or 2 shares, because that triggers the stock to fall, and then i buy the bottom and then it falls some more, then i sell and it goes up, but i have secret account they dont know about so its a "sell" but really i only sold it to trigger it to go back up
Interesting. Thanks for sharing. Also thank you for watching. I hope you return for more.
Wow I thought it was only me 😂😂
@@djwang06 Nope, not just you. HA!
First have discipline when buying. Wait till it goes down then buy. If you buy when its up then it goes down 30 % buy more and it will average out now your in a better position when it goes up. If you took the loss its your fault!
I like buying things I know will go up when nobody else wants it. Even if I have to wait years.
Great stuff. The drop is a big component of my trade plan. I’ll be going into that in future videos and shorts. Thank you for watching and your feedback. I hope you return for more.
What a great lesson in discipline and patience. Thank you for watching and I hope you return for more.
I live frugally and we fully fund my wifes 401k each year ($30,500 in 2024 because she turns 50) and we fully fund our IRA each year ($8,000 each since we are both over 50 now). Thats prob more than half of her annual income, but hopefully she can retire soon. Im working on a trading strategy now that has been working that I hope will replace her income so she can retire. I just need to get us by until 2028 when she can take her state pension early. After that we should be good.
Oh also. Fyi. I have my credit card at Fidelty and earn rebates on what I spend and when I earn those 2% I think it is cash rewards they go into my broker account. There I invest them and I pay everything I can with my credit card and my broker account has grown dramatically using this strategy over the last 15 years. I opened up my son and daughter with the same thing the last 4 to 6 years and now they have a nice little broker account earning them money. They don't have many bills, but I think my son already has around $500 of free money he built up and I make them fund their 401k and I help fund their IRAs so they already about around 75k and 50k and they are 22 and 24 years old this year.
Good stuff! She’s got a keeper! We’ve never been good at saving. It’s only in the past few years we have gotten more disciplined about it. Well, I have. Best of luck developing your plan. Remember it’s your plan and what works for you. If it’s working, stick with it until it doesn’t. Adjust and move on. Thank you for watching and I hope you come back for more.
I might comment that one of your best points was about keeping your watch list limited to 10 stocks. I actually , after decades of trading, realized that limiting your list is one of the most important points. I actually only watch about 6, the same 6 most of the time. That means, you MIGHT not see a good set up every day, and that's is alright. There will always be trades. If you have too many, no way you can stay focused.
Thank you for that. Of the 10 I have, I only focus on 2-3 each day. That helps also. I suffer from shiny object syndrome like most traders and the limit helps. I appreciate your comments and hope you enjoy the future videos.
Yep. I'm a professional options trader. I have made nearly $400K already this year - and I don't trade ANY individual stocks. I literally trade just three indices: S&P, NASDAQ, and Russell
@@luisdetomaso867 Keeping it simple, love it! Keeps you focused & disciplined! Great job in '24 so far. Hope the rest goes great for you. I traded options and was WAY to undisciplined.
Buy and hold TECL and you’ll be fine.
Hahahaha. I also have an E*Trade account where I hold in my Roth. Thanks for watching and I hope you enjoy the future videos.
If your thesis was wrong and a stock you picked goes into big drawdown, you should not just hold it blindly. Instead, reevaluate the potential of the stock to recover. Warren Buffett once said "you don't have to make it back the way you lost it". Many times it's better to take the loss and put the money to work in a different trade with better potential
"you don't have to make it back the way you lost it " - in other words, don't revenge trade
Yes, I’ve read that also. I never go into a trade blindly. Nor would I recommend that. I’m ok with a drawdown that I have to hold for a few days. For me, this is not a sprint to make money quick. Its small incremental gains compounded over time. I appreciate your feedback and hope you enjoy and comment on future videos.
Yes! Revenge trading is extremely unproductive. I’ve done that in the past. Thank you for your feedback and I hope you enjoy and give feedback on future videos.
You simply cannot 'refuse to take a loss' if you're buying individual stocks. Sooner or later it will happen. If you were to buy index ETFs you could do it. Plant small seeds and wait for it to become a huge tree...it takes a lot of time.
I have an E*Trade account where I grow my trees. That is my “safe” growth account. I should address that in an upcoming video. You are correct. All trading plans work until they don’t. I’ll see how long this one does. I appreciate the feedback. I hope you enjoy future videos and continue to give feedback.
i appreciate you 1:44
Thank you for watching. More good stuff to come.
"Promo SM" 😘
Thank you!!
This looks like it was a blast!
Thanks, @meowDeLeon, it was! Thanks for watching
All these people look so stupid 😂
Stupid pre 😂😂😂
Scary pre
😂😂😂 love it!
I really need to start these again
You do!!
Nice! Lol
Thanks for watching! More to come!
He thinks they're applauding him 🤣😂🤣😂🤣😂
That is very possible, thanks for watching.
Yummmm
Oh they were!
Bros running the country. He ain’t gonna be energetic the whole time. He still been doing speeches despite his “ dementia” y’all keep saying is “confirmed” for 3 years now. Biden 2024
I tend to doubt he’s running the country. I’m sure at this point, there is a team behind the scene doing all the work. It’s time for a huge shift to happen. Get rid of the old guard.
@@LifeofaBoringOldGuy yeah im sure ur gut feeling knows best. Also u wanna replace the old guard with who? A over 75 year old billionaire? He’s not any different.
I hope Trump wins so he can lie to us again, get nothing done, and send our tax dollars to Israel!
They all lie. They all hate us.
hes amazed at the crowd making him go into a shock
That’s awesome!
He's the guy that said he grew up in the black church
Yup! Him and Corn Pop.
Honestly I’m confused what’s happening to. Guess it’s cuz I’m from Kansas
Now that’s awesome!
Please , don't let him be reelected!
America needs trump
Yes! Agreed.
Yes we do.
Trump would have danced along❤
Probably yes. And smiling because he’d be happy to be there.
Trump isn’t running the country rn so I guess you’d be right. He’s got nothing else to do
He is not clapping because he cant keep the beat😅😅
He was earlier in the clip, way off beat.
I used to keep the meat in the smoker the whole time to let it get up to temp even after finishing smoking but I started finishing in the oven, I figure it’s less wear and tear on the smoker.
I’ve heard people do the same thing. Once you get to the point of wrapping it in foil, then you don’t need the smoker. Yes, less wear. Thank you for watching!!
Quick tip for setting the temp on the unit: you can go backwards to get to the desired temp faster.
You know, it took my a while to realize that. Ha!
Mindset is everything!!❤❤❤
Agreed! Thank you for watching!
Wow this is really deep. Thank you.
I thought so also. Thanks for watching!
lol… Kelly and I are scrambling to get away from the camera. Had fun with you guys, cheers
Yes you were! Thanks for playing along. Only 362 to go!!
Time does not pass. It it were passsing we would be able to see it pass or detect it. There is no definition of time. Time cannot be a commodity for time is static.
First, thank you for watching. Time is a construct of the human race. You are correct on several points. The passage of time is a description or perception of what time does. The idea of the message is that we take advantage of the time we have. I like your thought process!
I really appreciate this video. I just got one for Christmas and will be keeping all of your pointers in mind as I set it up and run it going forward.
Thanks! Glad you liked the video and what a great Christmas gift. That's what Kel and I did. This year I did a spiral ham. WOW! It was great. Have fun with it, experiment and know that not everything will be perfect the first time.