It’s actually beautiful seeing someone who has been a non retail trader tell retail traders and potential gambling addicts the truth about their situation instead of selling them something.
@@humblemanifestofriches absolutely i started trading just before covid with crypto and rode the wave of btc hitting the high i now just trade forex and the us100 /s&p 500 i'm not anything special i just look for quick scalps and follow the trend i don't try to beat the market i literally just follow it and hope to make more winning trades then i lose at the end of the money
He’s not telling retail anything at all really. More like the easy way by telling just enough to discourage the ignorant and profane, and make the pro retail (those that do make money consistently) simply laugh at the way he poses himself … If he compared himself to Richard Wyckoff maybe (whom genuinely wanted to help the little guy), instead of Usain Bolt, Id have more respect for his posture … The dude is full of himself.
@@elemar7365 exactly my thoughts. Seems like all he does is gate keep. Trading is hard, fucking hard. But it's possible to make money trading using the power of compounding, systematically trading and following strict rules is possible. But it's hard work you need to put the effort. I agree with your competing with people like him, but telling people the economy is getting worse and worse and there's no solution for you is like fucking insane this guy is so full of himself that he sees himself as some sort of saviour but he himself made all his money betting on this failing system. So go figure.
@@ritcha02 no man. that is twisting the truth. you can make easy money with crypto. off course you'll need to learn how to control yourself and recognize when you're feelings get the best of you. this guy went through the hard way so it is hard for him even to believe there's an easy one.
@@razitamir Crypto prices move up and down, no doubt, so a strategy can be developed to capture price movement. But crypto "assets" are inherently worthless. You own a piece of nothing.
I’m a late starter due to various reasons. These days there’s so much information and opinions and dream sellers. It’s a real blessing to find integrity and conscious honest realism. Thanks for taking the turn on your path that you did. You’re giving me the life lessons I missed. Peace brother 🙏🏻
I stumbled across this by accident and it was very sobering to realise you described me to a T. I started trading with some initial success as I wanted to escape the debt I had accumulated just trying to support my family. Fast forward 24 months and I'm in the hole to the tune of 25k and it's near impossible to recover. People who can afford to live comfortably don't ever feel this pressure, betting shops are not full of rich people because they never feel that same sense of inadequacy a 'normal' person feels just trying to get by.
I 100% understand you. I'm sorry that happened to you man. I hope you've managed to kick the habit now and are able to work towards more stability. Good Luck.
@@garyseconomics Thanks for your reply, it's kind of reassuring that you know what I mean. Keep up the good work raising awareness and battling for ordinary people.
I'm still in crypto, like many people I watched my bags go up and then come down last cycle. Even my mum told me to sell when it was high, but like many, greed and stupidity took over and I didn't. I'm now divorced and I realise that the 1000s I could have had would have been really helpful. I've got very realistic targets for this bull run and will get out as and when I can. After I do, I won't be re entering the market.
Thank you Gary In the 1980s Black Wednesday when they put interest rates to 15%. Enormous numbers of people lost their homes, businesses, and these were auctioned at a time when regular people didn't have money to buy them. So the rich buy them at half their market value. Then they sell them back to us in 5 years time once they've doubled in value. They sell them to us once they double their value, and we buy them with mortgages that are bought from them! And they give us those mortgages with money they got at a lower interest rate from the government. Which is funded by our taxes! That they don't pay. Once you start to see how it all joins up, and where we fit in this. You can see that they just exploit us, over and over, and over and over. This is why they have to influence, own, the media. This is why they have their Mansion House get togethers - the rich sitting with the economic politicians, as well as well their other get togethers, chats and planning. The British people are a cattle farm to them. They treat us like cattle. Dragging the elderly, some with covid, from hospitals and driving them to care homes where they would infect other elderly people, who died. That's like how cattle are treated. Not people we care about. Many examples of severe policies. Just look at how they cut wages, in real terms, during a prices crisis for food, bills, etc. And after they deliberately crashed the government with an extra £100 billion in debt by Liz Truss - this debt was sold from rich banker lenders. They made huge profits and commission. Kwasi and Liz are sitting golden, because they helped their guys get serious money. Nothing went wrong for the rich in that moment. In fact everything went right. And the 2 million people that will now struggle with their mortgages are a fat juicy target waiting for the rich ruthless to buy those repossessed homes that will go to auction for much lower price. The price will be low at that moment because few people will be able to afford to buy them. Rishi Sunak is closing the local swimming pool in his area where he is an MP while at the same time building a beautiful luxury swimming pool in his house just for himself. Using Non Dom tax avoidance. Whom he won't tax. Because it saves HIM millions a year. It would have brought in £3 billion + a year from drug tax avoiders. Etc etc. The more we look and think about how it's all connected the more we can see how much we're being exploited. We have to get political and we have to protest. Maybe a 30 minutes walking slowly, driving slowly, on our high streets etc. Just for 10-30 minutes. If we did this. Like the Thursday evening clapping for NHS workers.
Nice comment. I recently had some severe flatulence (legume induced I believe) and I thought how good it would be if only one could store the smelly gas for later deployment at a suitable venue. If thousands of us unwashed masses could pool our emissions and release them during protests it might afford a legal alternative to all the previously legal but increasingly criminalised outlets. Until the government produces some kind of regulation outlawing farting at public protests at any rate. They can't outlaw farts of course because that would render Rees Mogg illegal. Not that I'd object. I think one of these 😀is in order.
Sad thing is Justice, lives in a court room, where you need lots of money. There is no real happy rich people, only scammers top to bottom, the rest live in hope.
Liz Truss's policy was for growth. Growth in the economy give us working classes potential to scale and earn more money. That's why her policy was deliberately tanked by the media and wealthy classes because it changed the status quo. Its more policy based on growth we need.
thank you for this comment... and even though this channel and your comment is about brits and the uk, its the same around the world... im from canada and things are so messed up here.. :(
I'm a very cynical bloke and yet all I can see is you giving people very very sound advice. This cycle of the rich and super rich asset stripping the middle and lower classes is something I became acutely aware of around the time of the 2008 global financial crisis. All the big banks and investment firms were given massive bailouts from taxpayers money, the value of assets especially property tanked and they either took them as people couldn't service debt or bought them for practically nothing. Now it's happening again... this is what they want... "to buy your mums house" and keep you in financial poverty all of your life. Something needs to change, this cycle needs to stop.
Exactly this. They did the same thing in the 1980s Black Wednesday when they put interest rates to 15%. Enormous numbers of people lost their homes, businesses, and these were auctioned at a time when regular people didn't have money to buy them. So the rich buy them at half their market value. Then they sell them back to us in 5 years time once they've doubled in value. They sell them to us once they double their value, and we buy them with mortgages that are bought from them! And they give us those mortgages with money they got at a lower interest rate from the government. Which is funded by our taxes! That they don't pay. Once you start to see how it all joins up, and where we fit in this. You can see that they just exploit us, over and over, and over and over. This is why they have to influence, own, the media. This is why they have their Mansion House get togethers - the rich sitting with the economic politicians, as well as well their other get togethers, chats and planning. The British people are a cattle farm to them. They treat us like cattle. Just look at how they cut wages, in real terms, during a prices crisis for food, bills, etc. And after they deliberately crashed the government with an extra £100 billion in debt by Liz Truss - this debt was sold from rich banker lenders. They made huge profits and commission. Kwasi and Liz are sitting golden, because they helped their guys get serious money. Nothing went wrong for the rich in that moment. In fact everything went right. And the 2 million people that will now struggle with their mortgages are a fat juicy target waiting for the rich ruthless to buy those repossessed homes that will go to auction for much lower price. Rishi Sunak is closing the local swimming pool in his area where he is an MP while at the same time building a beautiful luxury swimming pool in his house just for himself. Using Non Dom tax avoidance. Which he won't tax. Because it saves HIM millions a year. It would have brought in £3 billion + a year from drug tax avoiders.
@@Skylark_Jones I think Gary suggests that if we live in democracies we can vote for parties and leaders who will do progressive taxation, (if you don't already have that), taxing the asset wealth. . higher taxes on wealth generated from asset ownership etc. . .
Well explained. Thanks for bringing up the videos financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
An absolute breath of fresh air. You are a rarity in this world, and especially the financial world. Not only have you been on an incredible journey, you are now sharing the brutal knowledge you have learned with honesty and clarity. Only a handful of people really do this. A pioneering voice that stands out among the bullshit noise of youtube "financial advisors". For honest advice, you sit alongside Buffet and Munger in my book.
Are you serious? The reason this guy is saying trading is hard or not worth it, is because he wants less people getting into it. It's that simple. There's plenty of traders who started with little capital, and made lots of money.
Brilliant advice. Myself and my wife decided to pay debts off instead of investing, the credit card and loans have gone, now we're over paying the mortgage, and live is financially easier, but it's hard work only buying what you need and not what you want, as temptation and spending fashion tries to take your hard earned.
Shame I did not see this BEFORE you "paid off" your debts. I do two courses : Blue Pill the basics of trading and investing. And Red Pill : How to eliminate debt legally and without injuring your credit rating.
Doing the same, I have seen Dave Ramsey show on TH-cam and bought his book” total money makeover “, Vikki Robins “ your money or your life”- great mind shifting! Read it!❤ no debts any longer❤
Very wise words Garry. People: Don't get involved in trading unless: 1. You can afford to lose your capital; 2. You have a very sound understanding of volatility, correlation and market risk management; 3. You able to disconnect your decision making from your ego (don't get over confident from wins nor cling to losses).
People will just read that and go "ya ya ya that's me." What dumb people don't realize is we can't get all rich from trading because it's a zero sum game. For someone to win, someone loses. We can't all win, that's just bad accounting. Mostly 1 person wins and 9 lose because the winner takes it all. People do not have the humility to accept they're one of the 9, and so they throw their money into the void and some other guy lives in a nice house as a result.
Finally, a real economist 'guru' educating the ordinary people the reality of trading/gambling. After seeing the nonsense gurus on TH-cam trying to sell you thier courses, I've been very skeptical. Now you've reaffirmed this. Thank you, I'll stick to the index funds.
Now this is some valuable information. Thank you for not selling us a dream and telling us the reality of it all. Keep doing what you do and merry Christmas ✌️
I agree ,trading isn't a get rich quick scheme. However you could make money in the market by learning , improving and understanding risk management. The problem is that most people just want the outcome without putting in the work , that is not going to happen.
I 'm a fan of your work but I nearly didn't bother to watch this one because I consider trading to be a risky activity requiring skills and knowledge (and money to lose) that I don't have. So good to see you spelling this out for a new generation. Your trading record and skills are impressive but what I think is far more valuable is your informed assessment of the state we're in and what needs to change. Thank you for your work and please keep it up.
Absolutely love your videos. I wish everyone would be made to listen to what you’re talking about regarding the state of the economy and the propaganda pumped out by certain media mail, telegraph sun etc.. Please keep fighting the good fight.
Your honesty is what separates you from the fake dream sellers, you have put value on yourself im glad to say you are principled and using your intelligence in the right path. Big ups garry, you encourage me to study economics my dream course but its too late im 27
Never too late to start studying, no matter what age u are, your either going to do it or ur not there's no in-between, are you going to keep making excuses or are you going to become the best version of yourself!
@@kinglion6197 that’s what I thought in my twenties: “it’s too late to learn something new from scratch” … 20 years later I look back and realise it wasn’t too late at all!! 😅 and now I will start learning something new, again 😅
You're a great guy Gary, you're someone that could make millions form your image as a working class lad turned successful trader, suckering people in with paid for advice and tips. But you don't, you tell people the unpopular truth, that there is no sure fire get rich quick scheme, and that the real answer to their problems is to enact political change that will make the economy work for ordinary people. One of the greatest coups the ruling classes ever pulled was to sideline working people from politics through apathy, so many people I talk to see no reason to vote because "they're all the same" and "I don't see any benefit from voting myself so don't bother". They don't seem to understand that this apathy allows for those in power and their friends to take everything. Anyway, keep it up Gary, I hope that by continuing to give out the unpalatable truth to people they might start to wake up.
That's not true, there is a sure fire get rich quick scheme, it's called theft. Politicians love it, business executives love it, TH-cam trading gurus love it.
much needed video. i'd love to send it to about 4 people i know but i don't want to offend them by implying they've been foolish so I guess i won't. but it's a shame. thanks Gary. you have a real heart.
This is such sound advice. Yes, the markets are rigged against inexperienced traders and can lose you lots of money. The sad reality is that the economy is also rigged against it's ordinary citizens and whichever game you play, you are likely to lose. Thanks for what you are doing, and opening people's eyes, so they can really see what's going on!
On point video Gary, I’m a Property Trader over 20 years and had so many people around me going crypto crazy, all now in loss, at the time they couldn’t understand why I refused to invest and stayed in my lane. My simple answer being I can’t trade as ‘asset’ I don’t understand, same when if I don’t understand the fundamentals of how a building is valued there’s no deal. The first hand stories I’m hearing of ordinary working people losing money they don’t have is eye watering, the human and relationship fall out is heartbreaking.
I had a solicitor friend who came in to some money ask me if she should invest in crypto, my honest answer was that I don't know enough about the fundamentals of crypto to have any idea on whether it was a good idea or not. I said if you don't know what you are buying you might as well go to the casino and just put it all on red. Thankfully she didn't invest as it crashed a few months later
@@hughiemg2 as a trader I look at the underlying asset value, with property, gold etc they have that so as Gary said not a zero sum game like crypto can be, many people failed to understand this, I’ve had property losses over the years but still recovered 80% of the value, obviously with leverage the initial capital can be depleted.
@markkingproperties Please explain what is he underlying value of gold? Essentially it is what someone is prepared today for it, just like crypto, or even US dollars for that matter. Many people have been burned by crypto and if you put to much of your capital speculating on an asset as volatile as crypto you are very foolish - even worse if you use leverage. I have do every nicely out of crypto, but only invested a small proportion of my liquid assets.
To be fair, you got extremely lucky in the last 20 years and a number of events happened that no one could have predicted that have made property prices exceed extreme historical ratios. Property could well have been a zero sum game / done worse than inflation.
I don't trade in anything yet, (you need money to trade) but you are brilliant. Honest, and full of rational sense. Thank you. And people must understand that there is analysis in trading. They need to read, to study. It's not just about potluck and betting. Your advice is excellent.
Theres mixed messages. Trading is basically gambling..Gary said so in other videos. But then tells us here that actually its very skilled and you have to be very clever to do it. It seems to me you mostly just need to be rich enough to gamble. Since anyone with a million can make money with little knowledge. 60k a year for every million is it?
Traders with enough capital are more like the casino owners then the punters. The system is set up so the casino never loses. They neither gamble nor require special super clever knowledge. They just can't lose.
@@aaa-gt8by Thanks for more data on your ignorance. So as well as not knowing what you're talking about about scripture, you also don't know what you're talking about about Christians. Not that quoting Proverbs identifies me as a Christian since it's in the the Hebrew scripture. But hey, you keep dodging information and doing no research while you pretend you think scientifically, so you can jump to conclusions, unquestioningly believe in strawmen of other people and faiths which differ from yours, and instantly go ad hominem, thus losing. GG champ. This was fun.
A great video Gary and the human side of trading is so important to understand. My experience is that we don't take advice that well and only really learn from our own mistakes. This leads many people to get burned, talk negatively about the markets and never come back. A crazy mindset as it's a proven long term safe haven for the patient and sensible investors 👍🏻 Trading is different to investing as it's all about timing the market rather than time in the market. Yes it can be done and scalping a bit here and there is fun when it goes well but is no substitute for long term investing.
Great video and so important. I’m seeing these trading apps being advertised to people here in Brazil “trade and make profit in dollars”. It’s so dangerous and there’s very little real information available
Love how this is explained, without being condescending. I’m one of the lucky ones and have assets. My advise is to anyone, start your own business and enjoy the ride..
Garry you are a man of massive integrity, wisdom, intelligence and grit. We almost never get to hear anyone speak so truthfully on any subject. Thank you and may you be blessed with the appreciation of many.
This story reminds me of parents raising kids. Here he is a professional trader and his friends thought they could do it better than him. He is literally thousands of hours ahead of them in his skillset, and yet they didn't listen to his recommendations. He is right on the money about how dangerous it is teaching people to be traders. You have to mentally be ready for this psychological roller coaster.
As someone who comes from a sports betting background. I can vouch for this entirely. The biggest thing that separates winners and losers is discipline and sticking to a plan. The number of people who ask me for tips, and then the minute some of them lose they brand it as a load of rubbish and then proceed to bet on stuff I've not told them to do. Like he says, psychology is such that everyone thinks they know more than they do and can't simply follow instructions or commit to the discipline required. I'm sure Gary would agree, give either of us a bad strategy and we would make it work better than someone with the best strategy in the wrong hands. Anyone who asks I always say, best thing you can do is not bet. The best bets are the ones you don't make.
@@SealofProphets i traded for few months. I lost money overall. I am an engineer who knows maths and i still lost. I think it is very difficult, almost impossible to trade profitably consistantly. Gary explain the reasons. Also, ordinary people aim for 10% gains while big hexge funds are okay with 1%. So in the end the guy who chases 10% will lose so many times that he will come out negative. While large funds wait for one opportunity per month, they get in and get out fast, get their 1% which is still hudge as their bankroll is in $ Billions.
It guides you, in an unbiased way, towards saving and investing (if possible) instead of chasing the quick buck and playing a game stacked against you. I'd call that a big W
I'm not envious of the way Gary has made his wealth. He's clearly put a lot of time, energy and knowledge into getting to where he is now. What I have a huge amount of respect and admiration for is how he's dishing out honest advice for free to everyone in what to do and what not to do in what appears to be an attempt to right the wrongs of financial inequality. He's got rich and he's seen what it does to people and it's refreshing that someone like him has wealth but also has a heart and conscience intact. He could easily cash in and forget about the world but he's stuck around to do his bit to help others suffer less under financial pressure.
Only 42k views, but 127k subscribers. How does that work? More people need to watch and be aware of the way the system works. That's the only way: to educate people and to help society. Good advice, Gary. Keep up the good work! I did invest in crypto in 2019, so I'm still way up, and I think there are some use cases using the blockchain, so I personally won't dismiss it. I realise there's plenty of junk out there, too.
@@andrewtaylor6737I'm not a financial advisor, and I'm not going to recommend one to you, because I don't know any. 😀 You just have to look at the real-World use cases for the cryptos (that's what I do). Whether it be as a currency, or as something that can replace a less useful and expensive part of doing business that can be automated. It takes a lot of research. I've wasted/spent a lot of time over the last 5 years over this. Nobody is paying me for that. My payment (in theory, well, hopefully) will be at least some sort of financial security. It is as Gary says, a form of gambling, just as the stock market is. Do some due dilligence and you increase your chances of doing well. Gary worked hard. If you have some junk cryptos and stocks, and you're not sure why they are performing well or badly, then I would sell them (especially if you're in the black), then start learning. After a while you should be more confident in choosing something, and then reinvest, maybe...
@@andrewtaylor6737 Interesting. I gave you a reply, but someone has deleted it. There was no financial advice in it, and nothing offensive, either. Cancelled by somebody.
Great video. I’ve done the same for people. I’m a pretty informed on tech and gave some friends ( not poor guys I might add ) some trades. Just time sensitive provisional things. Example, I said that for about a month Nvidia stock will fly up. Until people see 1 -the 4080 vs another rival card at a close price point & 2 - their server solutions are not as heat effective as a competitors. This was a lot of reading, understanding, and some guessing, but educated guesses. It was a 35% ish jump so very nice. I put a big sum on. My friends putt less on and it turned over nicely. So then I’m getting msg’s - where do we go next? - so I said…the bank! They didn’t like it. Thought I was holding out. So like your video said now convinced they are expert, they bet on various things. Over 2 weeks whatever they had got eroded from stupid jumps and jumping again with no info behind it. So now they are like -save us man! I lied & said I was out due to the downturn of the market - blah blah.. so they took the small losses. Got out not that happy… I regret telling them about it at all. I think I made it seem far more easy & straightforward than it was. 🤦🏻♂️ Now I say if asked - trade on your fundamentals! I won’t elaborate. 😐
You are a very inspirational man. There are not many out there like you. You could have run into the sunset extremely wealthy, but you decided to help people keep up the good work
Thank you Gary , I’ve recently started watching ur videos . I love ur content mate . It’s generally negative information but the ugly truth is better than a beautiful lie , you have really opened my eyes on why I shouldn’t trade as the time and commitment I have to put in would be far less than someone who is a full time trader . It really does feel like gambling and I hope this gets a lot of exposure to wake people up .. your a legend !
I was very successful in covid I also betted in assets going up took a massive risk on BTC and alt coins cashed out just before the blow out top (thank god) I learnt market manipulation and has been my biggest asset to date now I'm a lone trader they going one way I watch I wait I execute. Your videos are pure gold Gary 🙌
Came over from the Insider segment to your time as a trader. What an insight to the horrific mentality that goes on in that world. Really commend you for putting this channel together to share your knowledge and experience. Wish you the very best in whatever life brings you Gary :)
Brilliant ,as one was exactly as Gary describes for us mere mortals it's a mugs game. The whole system is geared for the masses to lose money, not make it. You'll need to have lots of money to maintain a good trading margin, and if you have that, why trade? Thanks again Gary.
Most people should not trade as they have no self control. My stock portfolio has been a roller coaster the past few years. If I bet big when everything looked great (stocks rising) and called it a day when things were plummeting (selling at a loss), I would be doing everything wrong. The stock market is about going against the crowd. The market is a human reaction to companies, not the actual value of the companies themselves.
thank you Gary... pearls of much needed wisdom. i've been building a horse racing system for several years. Luckily.. one of the first decisions i made was to build a simulation system to test my theories.. in short.. it doesn't work.. so i don't bet.. doesn't stop me trying to make it work though.. but.. much like trading.. its a huge amount of work..and even after all the work it still doesn't return a profit...
@@megaskyburst If you can get access to historical racing data you can buid a system that will backtest your strategies on that historical data. I do the same with stock trading systems. The quality of that historical data is very important though. .
Absolutely amazing video thank you Gary for talking complete sense in a world that is currently full of craziness! More people need to see your videos.
As opposed to "trading", which is short-term and high risk, I would advise careful long-term investing on the stock market, investing equally in 15-25 different companies for further risk reduction. It won't make you rich quick, but it's much more likely to get you there in the end.
Excellent video. I was immediately put off trading by the idea (for example) that you can actually sell Gold, but not actually have Gold. Nuts. Got £100 in a trading account and just play with it for fun, will never trade anything more.
I love your soul, Gary. I strongly feel that the words coming out of your mouth, directly come from your heart. I just discovered you on your LAD Bible TV interview, and I have to say that hearing you talking about trading…. made me change my mind about it… It's been a month now that I'm learning as much as possible about future options, to turn my life around, but now I see it, thanks to you. It's really gambling. I didn't want to believe it. I will find another way to attain my dream life. Thank you, Gary.
Gary you sound like someone who really wants to fix the economy and people to support you and you have my support. That doesn’t mean that I don’t want to get into the hype and make a lot of money; it just means that I want to listen to someone who genuinely cares and understand poor people and the difficulties they face. Also, I want to listen and learn from someone who knows what I don’t know and has been where I haven’t such as into trading and economics
Traded on and off since i was got the bug studying Economics at school.(worst school in Scotland according to tables and here was I studying economics) So after say after 34 years of that I can whole heartedly agree with Gary. It's hard and really you need information that other people don't have. I'd describe it as similar to the grand national where both the jockey and horses are blindfolded and nether know where the fences are. Trade for any amount of time and you will lose.
wish i found you when i started trading last year. what you said is true about people and their "gambling mindset" especially in the first months when they experience it, not realizing you are going against literal and actual traders from funds and banks and not the nonsense you see on youtube
Good on you mate. Just caught your bit on BBC talking about the Tories levelling down strategy... Like trickle down. Trickle up more like it. Good stuff 👍
I subscribed, because I love trading(even though I think Im not that great). And I have a vision to improve myself and my community. You the real deal Gary, very rare bro. I'm listening
I love this. I play poker and one of the key skills is knowing that it's my edge vs the field less the rake (spread/vig). I also know that if I study less than the field I'm going backwards by standing still. Trading is similar. You have to take money off someone else and if you don't know exactly how you're beating them, you're already losing.
12:40 I don’t feel I can win the London marathon next year but I do feel I can take part and enjoy the process, I really enjoy reading the news and seeing patterns and trends (I detest crypto) there is no get rich quick scheme in trading and we should put forward what we can afford to lose and not a penny more
Agree fully. Day traders dont have professional tools like bloomberg or reuters to begin with. Alot of analytics and information is missing from especially mobile trading plarforms to even begin to make any kind of informed decision in trading. Data is gold when it comes to trading. I worked in the market for 10 years... Citi bank was one of my clients. The average person cannot comprehend what a commercial dealing room looks like.
A lot of the mobile app trading is actually part of the likes of Alibaba which the Chinese government tried to stop people from doing. So then the US side ended up actually... Allowing this company to list. But of course, the Chinese netizens aren't playing ball. It means small indie traders end up being rented individuals.... Despite equal to equal statuses. It's created another level of divide.
After so much struggles I now own a new house and my family is happy once again everything is finally falling into place! and I pray that anyone who is reading this will be successful in his or her life!!!…..
Thanks for sharing info on Sophia chandler here. A lot of beginners are smashed out there every day, It's a good thing we have nice people here who want others to become successful as they are.
@@elizabethava2438 How is life as a bot? To all who read this: don't ever think any of the people above making advertisements for Sophia Chandler are genuine.
Must watch for all wannabe traders. Wish I saw it before I lost £250, at least I knew where to draw the line, many people don’t. Thank you, Gary, please continue teaching life wisdoms.
Overall, 51% of traders anticipate that this year will be favorable for stocks, mutual funds, and other equity-based investments, despite the high returns currently offered by Treasury yields and other safer, cash-like options. I’m actively seeking market opportunities that could generate $1 million ahead of my retirement target in 2025.
Focusing on stocks with a history of stable, increasing dividends-even during economic downturns-can be a solid strategy. Alternatively, consulting a certified market strategist can provide valuable guidance on promising equities.
Absolutely. Having the right financial planner is critical. My portfolio is strategically diversified for all market conditions, and it recently achieved a 90% increase since early last year. My CFP and I are aiming for a seven-figure goal, though it may take until Q3 2024.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Norman Vitalii focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. His skills set is top notch.
I’m puzzled why you say “buy gold” falls in the category trading. I love your channel, your soul and believe more people like you to become more vocal. Watching the Netflix documentary “inside job” makes me realize even more that we can’t expect anything from politicians 😢. We need a revolution, a big one.
I see a lot of people using trading apps like a game and talk about putting down £5k plus. They all seem to talk about the short-term…just like gambling. I think awareness in workplaces, schools and communities is needed. Are there people or companies that can come into companies to talk about these topics? The trouble is that I think people believe they are more clever than they actually are plus like you say you are competing with full time traders. I’ve seen it where you ask someone to do a job and they are more interested in the trade or announcement because they are trading with such high risks. I dabble with very, very small amounts to learn if my predictions are accurate and it works well. It certainly won’t buy me a car(maybe a tank of petrol🤣) or allow me to retire early but it does teach me a little bit about current patterns and also keeps me in tune with my pension. And the trouble with pensions is that you are trusting someone else with your money. Great video, it would be interesting to know how this affects company workforces… after all well being is such an important part of life and I feel some people just don’t see their actions as gambling.
Honestly , lots of motivational billionaires in the world both Americans, Europeans, United Kingdom, Asia etc. have their experiences as we can see and listen consecutively but what matters is your mindset and reliable mentor who can always create an avenue to guide you.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
Thanks for mentioning this video. If you’re not yet involved in the financial markets, especially the crypto space, you’re missing out on a huge opportunity. I understand it can be intimidating or confusing for some, but if you want to build generational wealth and improve your financial literacy, you need to get involved.
VI have invested in bitcoin myself. I am not really happy with what is happening right now. Just a few weeks ago I lost about $7,000 on a certain transaction. Can you help me or at least give me some advice on what I should do?
I feel the same way, I think the approval of Bitcoin ETFs will be a life changing opportunity, with my current portfolio of $14,000 from my investments with my personal financial advisor Joaniq🇩🇪 I totally agree with you
You deserve to be at the top of this niche of TH-cam, so that everyone on this platform can hear your words. So many people think that they can make an account of a trading platform and turn their last $1,000 into millions of dollars.. It is a losing proposition and MOST people are losing money. It is even worse when they have one winning trade out of pure luck, and yet they think it's all skill and they're going to be super wealthy... Thank you for your content!
Hey Gary, Trading isnt gambling. You were fundamental analyst trader. Youre different from a technical analyst retail trader. It will be difficult for you to make that transition to becoming a retail trader and doing all the technical analysis cos that wasnt your forte. I agree that making money as retail trader is difficult, but not impossible.
Exactly. TA only has to work 51% of the time. The hardest part of trading is having the balls to be brave enough to follow your rules and take the chance to go in.
Don't kid yourself the pros have access to information and technologies that fundamentally handicap retail investors and retail will always be the bag holders for the pros.
@@chrisyoung1821even with all the tools the pros may have, if you know the direction a specific market has for a given amount of time, and you know how to manage your timing and risk, you will make money. Don’t get sidetracked, I think Gary’s video is the best any trader should give, about trading, because trading is what it is, a rigged game, but that doesn’t mean you can’t be profitable for periods of time in it and diversify your gains from it afterwards. You need to learn how to dose it, like anything, as good relatively risk-free opportunities show up at least 2-3 times a year. Trading every single day, long term, you will not survie, no, not even Gary could keep up with it… So you just have to work with what you have and know your limits, run away and survive with the bags at the right moment. This is the hardest thing to do and this where everyone loses their heads, and money.
Great video. I think people are desperate for wealth. What most don’t understand is the process of getting there takes time and heaps of effort. Most of us don’t come from wealthy families so the mindsets, habits and connections generational wealth brings are also often out of reach. The barrier to entry into trading is too low, which creates a dangerous opportunity for those desperate to claw their way out.
Most retail traders lose their money because they adopt a strategy of dollar cost averaging i.e. increasing the size of their bet as the price moves against them. The problem with doing this is that it actually works a lot of the time thereby giving the novice or newbie trader the belief that they can actually succeed. However when the price does not recover and you have a big red daily candle, emotion takes over and a retail trader will typically close out for a massive loss cancelling out all their previous wins and more in the process. This is a cycle that repeats over and over.
I mean in terms of index investing, in a bull market every big red candle is just a buying opportunity. 3 times now I saw daily RSI on NQ/SPY reach the 30 level and I contemplated investing my personal funds in it, and I would have seen about 20% gain within a few months. Especially when the yen carry trade was collapsing and the VIX spiked above 60. That was a clear contrarian buy indicator. But of course I don't have a crystal ball and I have been burned before in trading so I let the opportunity slide, again. But in the long term, the only index I've seen collapse and stay collapsed is the Nikkei when the Japanese bubble economy died, and even then that reached a new all-time high this year.
Fair play for telling it straight, Making money through trading is not a licence to print money as some 'successful traders' like to pretend. That's why 'successful traders' like to sell their course rather than continue to 'make fortunes' from trading. It's just too difficult.
As a new investor, it's important to remember that investing and trading require more than just technical analysis skills. Discipline and emotional maturity play a significant role in achieving success. It's wise to keep in mind the adage of "time in the market vs. timing the market," as this mentality can help you weather market volatility. With insights of Norman Vitalii and my commitment to learning and growth, I've been increasing my earnings in just a few months. Keep up the good work
If you look a the wealth this nation and its people have, it came from politics. The decision to create an NHS. The mass house building after WW2. Schools and universities. And on and on. We'd be better off acting collectively to affect politics and create shared prosperity.
@@JM-yf3ol People power is massive, thats why the billionaire media and press, continuously divide to conquer, they set one group upon another to divert attention from the fact that all of the assets are moving more and more to only the richest. They are so good at this technique that they double down on it and the people's minds are consumed with refugees and race hatred instead of the fact that the rich are systematically stealing assets from the population.
Had a former colleague coming to me crying bc he lost his life savings on GME and crypto. So many young people got trapped during COVID. So much cynicism. You are a hero Gary. 🙏
@@Rayzco It also collapsed. I was so close to shorting GME during the 2nd Roaring Kitty comeback, after the earnings came out early pre-market and it started to tank. But I sat there and watched as it collapsed, predictably, like a stacked house of cards. I made money on a few scalps but lost it later anyway. I'm starting to think I would be a lot more profitable as a swing trader than as a day trader. I've only lost money doing the latter and was far too slow to come to the realisation of what is already known common knowledge - that most traders will lose.
It’s actually beautiful seeing someone who has been a non retail trader tell retail traders and potential gambling addicts the truth about their situation instead of selling them something.
@@humblemanifestofriches absolutely
i started trading just before covid with crypto and rode the wave of btc hitting the high
i now just trade forex and the us100 /s&p 500
i'm not anything special i just look for quick scalps and follow the trend
i don't try to beat the market i literally just follow it and hope to make more winning trades then i lose at the end of the money
He’s not telling retail anything at all really. More like the easy way by telling just enough to discourage the ignorant and profane, and make the pro retail (those that do make money consistently) simply laugh at the way he poses himself … If he compared himself to Richard Wyckoff maybe (whom genuinely wanted to help the little guy), instead of Usain Bolt, Id have more respect for his posture … The dude is full of himself.
@@elemar7365 exactly my thoughts. Seems like all he does is gate keep. Trading is hard, fucking hard. But it's possible to make money trading using the power of compounding, systematically trading and following strict rules is possible. But it's hard work you need to put the effort. I agree with your competing with people like him, but telling people the economy is getting worse and worse and there's no solution for you is like fucking insane this guy is so full of himself that he sees himself as some sort of saviour but he himself made all his money betting on this failing system. So go figure.
@@elemar7365 there are professional gamblers in the gambling industry who are profitable... doesn't make it not gambling LOL
Oooh … shut it dufus know it all.
This is what it looks like to operate with integrity. ❤
I love it. So rare I didn't even know it existed
lol ... everyone in the trading industry is a salesman, including gary with his fictional stories
@@HeilReltih explain then????
@@ritcha02 no man. that is twisting the truth. you can make easy money with crypto. off course you'll need to learn how to control yourself and recognize when you're feelings get the best of you. this guy went through the hard way so it is hard for him even to believe there's an easy one.
@@razitamir Crypto prices move up and down, no doubt, so a strategy can be developed to capture price movement. But crypto "assets" are inherently worthless. You own a piece of nothing.
I’m a late starter due to various reasons. These days there’s so much information and opinions and dream sellers. It’s a real blessing to find integrity and conscious honest realism. Thanks for taking the turn on your path that you did. You’re giving me the life lessons I missed. Peace brother 🙏🏻
I stumbled across this by accident and it was very sobering to realise you described me to a T. I started trading with some initial success as I wanted to escape the debt I had accumulated just trying to support my family. Fast forward 24 months and I'm in the hole to the tune of 25k and it's near impossible to recover. People who can afford to live comfortably don't ever feel this pressure, betting shops are not full of rich people because they never feel that same sense of inadequacy a 'normal' person feels just trying to get by.
I 100% understand you. I'm sorry that happened to you man. I hope you've managed to kick the habit now and are able to work towards more stability. Good Luck.
@@garyseconomics Thanks for your reply, it's kind of reassuring that you know what I mean. Keep up the good work raising awareness and battling for ordinary people.
Hitting the nail on the head with the sense of inadequacy driving desperate measures.
I'm still in crypto, like many people I watched my bags go up and then come down last cycle. Even my mum told me to sell when it was high, but like many, greed and stupidity took over and I didn't. I'm now divorced and I realise that the 1000s I could have had would have been really helpful. I've got very realistic targets for this bull run and will get out as and when I can. After I do, I won't be re entering the market.
@@bl3iv3s don’t get shaken out mate. Just educate yourself so u can play the market ups and downs better. Use a practice account.
Good luck
Thank you Gary
In the 1980s Black Wednesday when they put interest rates to 15%. Enormous numbers of people lost their homes, businesses, and these were auctioned at a time when regular people didn't have money to buy them. So the rich buy them at half their market value.
Then they sell them back to us in 5 years time once they've doubled in value. They sell them to us once they double their value, and we buy them with mortgages that are bought from them!
And they give us those mortgages with money they got at a lower interest rate from the government. Which is funded by our taxes! That they don't pay.
Once you start to see how it all joins up, and where we fit in this.
You can see that they just exploit us, over and over, and over and over.
This is why they have to influence, own, the media.
This is why they have their Mansion House get togethers - the rich sitting with the economic politicians, as well as well their other get togethers, chats and planning.
The British people are a cattle farm to them.
They treat us like cattle.
Dragging the elderly, some with covid, from hospitals and driving them to care homes where they would infect other elderly people, who died. That's like how cattle are treated. Not people we care about. Many examples of severe policies.
Just look at how they cut wages, in real terms, during a prices crisis for food, bills, etc.
And after they deliberately crashed the government with an extra £100 billion in debt by Liz Truss - this debt was sold from rich banker lenders. They made huge profits and commission.
Kwasi and Liz are sitting golden, because they helped their guys get serious money. Nothing went wrong for the rich in that moment. In fact everything went right.
And the 2 million people that will now struggle with their mortgages are a fat juicy target waiting for the rich ruthless to buy those repossessed homes that will go to auction for much lower price. The price will be low at that moment because few people will be able to afford to buy them.
Rishi Sunak is closing the local swimming pool in his area where he is an MP while at the same time building a beautiful luxury swimming pool in his house just for himself. Using Non Dom tax avoidance. Whom he won't tax. Because it saves HIM millions a year.
It would have brought in £3 billion + a year from drug tax avoiders.
Etc etc.
The more we look and think about how it's all connected the more we can see how much we're being exploited.
We have to get political and we have to protest.
Maybe a 30 minutes walking slowly, driving slowly, on our high streets etc. Just for 10-30 minutes. If we did this. Like the Thursday evening clapping for NHS workers.
Nice comment.
I recently had some severe flatulence (legume induced I believe) and I thought how good it would be if only one could store the smelly gas for later deployment at a suitable venue.
If thousands of us unwashed masses could pool our emissions and release them during protests it might afford a legal alternative to all the previously legal but increasingly criminalised outlets.
Until the government produces some kind of regulation outlawing farting at public protests at any rate.
They can't outlaw farts of course because that would render Rees Mogg illegal.
Not that I'd object.
I think one of these 😀is in order.
Sad thing is Justice, lives in a court room, where you need lots of money. There is no real happy rich people, only scammers top to bottom, the rest live in hope.
Liz Truss's policy was for growth. Growth in the economy give us working classes potential to scale and earn more money. That's why her policy was deliberately tanked by the media and wealthy classes because it changed the status quo. Its more policy based on growth we need.
thank you for this comment... and even though this channel and your comment is about brits and the uk, its the same around the world... im from canada and things are so messed up here.. :(
It was in 1992. (September)
Get those batteries changed in your fire alarm mate
LOL I was searching in my house what battery was low with phone in my hand. Than I realized it might be in the video 😆
I'm a very cynical bloke and yet all I can see is you giving people very very sound advice. This cycle of the rich and super rich asset stripping the middle and lower classes is something I became acutely aware of around the time of the 2008 global financial crisis. All the big banks and investment firms were given massive bailouts from taxpayers money, the value of assets especially property tanked and they either took them as people couldn't service debt or bought them for practically nothing. Now it's happening again... this is what they want... "to buy your mums house" and keep you in financial poverty all of your life. Something needs to change, this cycle needs to stop.
Yes! Agreed. The problem is, what can we the people do about it?
Join the picket lines and stand for workers rights, (they’re fighting for more then pay).
Before they take away the right to strike as well.
I think you're spot on here. Exactly what I've been thinking is happening.
Exactly this. They did the same thing in the 1980s Black Wednesday when they put interest rates to 15%. Enormous numbers of people lost their homes, businesses, and these were auctioned at a time when regular people didn't have money to buy them. So the rich buy them at half their market value.
Then they sell them back to us in 5 years time once they've doubled in value. They sell them to us once they double their value, and we buy them with mortgages that are bought from them!
And they give us those mortgages with money they got at a lower interest rate from the government. Which is funded by our taxes! That they don't pay.
Once you start to see how it all joins up, and where we fit in this.
You can see that they just exploit us, over and over, and over and over.
This is why they have to influence, own, the media.
This is why they have their Mansion House get togethers - the rich sitting with the economic politicians, as well as well their other get togethers, chats and planning.
The British people are a cattle farm to them.
They treat us like cattle.
Just look at how they cut wages, in real terms, during a prices crisis for food, bills, etc. And after they deliberately crashed the government with an extra £100 billion in debt by Liz Truss - this debt was sold from rich banker lenders. They made huge profits and commission.
Kwasi and Liz are sitting golden, because they helped their guys get serious money. Nothing went wrong for the rich in that moment. In fact everything went right.
And the 2 million people that will now struggle with their mortgages are a fat juicy target waiting for the rich ruthless to buy those repossessed homes that will go to auction for much lower price.
Rishi Sunak is closing the local swimming pool in his area where he is an MP while at the same time building a beautiful luxury swimming pool in his house just for himself. Using Non Dom tax avoidance. Which he won't tax. Because it saves HIM millions a year.
It would have brought in £3 billion + a year from drug tax avoiders.
@@Skylark_Jones I think Gary suggests that if we live in democracies we can vote for parties and leaders who will do progressive taxation, (if you don't already have that), taxing the asset wealth. . higher taxes on wealth generated from asset ownership etc. . .
Well explained. Thanks for bringing up the videos financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Trading in Bitcoin now is the wisest thing to do now especially beginner.....
Most people think, investing in crypto is all about buying coins and hodling, come on it takes much analysis to be a successful crypto trader.
Thanks to my co-worker (Stella) who suggested Mrs Cassandra Robert . Investment serve as a springboard for achievement. Wealth is created by investing
It only gets better. Cansadra is spreading like wild-fire here in Australia
Thanks for the info, I've contacted her and she responded nicely
Gary - you are a very wise man indeed; solid insight into human nature as well as economics and trading. Thank you for your channel.
An absolute breath of fresh air. You are a rarity in this world, and especially the financial world. Not only have you been on an incredible journey, you are now sharing the brutal knowledge you have learned with honesty and clarity. Only a handful of people really do this. A pioneering voice that stands out among the bullshit noise of youtube "financial advisors". For honest advice, you sit alongside Buffet and Munger in my book.
Are you serious? The reason this guy is saying trading is hard or not worth it, is because he wants less people getting into it. It's that simple. There's plenty of traders who started with little capital, and made lots of money.
Progress is progress, regardless if it is slow or consistent. Either ways one still goes up, credits to Lunvo
Lunvo has quite been very helpful in the system. I recommend him anyday
There is no need to rush life, in the end what will be will be. Just be hardworking, steadfast and always seek for guidance
How can I communicate with him for advice
Search his full name
Jason Lunvo Rodriguez
Brilliant advice.
Myself and my wife decided to pay debts off instead of investing, the credit card and loans have gone, now we're over paying the mortgage, and live is financially easier, but it's hard work only buying what you need and not what you want, as temptation and spending fashion tries to take your hard earned.
Shame I did not see this BEFORE you "paid off" your debts. I do two courses : Blue Pill the basics of trading and investing. And Red Pill : How to eliminate debt legally and without injuring your credit rating.
@@FHIPrincePeter shut up
@@FHIPrincePeter do one
Good for you. If you are not spending, you are saving!
Doing the same, I have seen Dave Ramsey show on TH-cam and bought his book” total money makeover “, Vikki Robins “ your money or your life”- great mind shifting! Read it!❤ no debts any longer❤
Very wise words Garry.
People: Don't get involved in trading unless: 1. You can afford to lose your capital; 2. You have a very sound understanding of volatility, correlation and market risk management; 3. You able to disconnect your decision making from your ego (don't get over confident from wins nor cling to losses).
People will just read that and go "ya ya ya that's me."
What dumb people don't realize is we can't get all rich from trading because it's a zero sum game. For someone to win, someone loses. We can't all win, that's just bad accounting. Mostly 1 person wins and 9 lose because the winner takes it all. People do not have the humility to accept they're one of the 9, and so they throw their money into the void and some other guy lives in a nice house as a result.
Wow, you don't say!!
You didn’t even watch the video I guess lol
Finally, a real economist 'guru' educating the ordinary people the reality of trading/gambling. After seeing the nonsense gurus on TH-cam trying to sell you thier courses, I've been very skeptical. Now you've reaffirmed this. Thank you, I'll stick to the index funds.
Now this is some valuable information. Thank you for not selling us a dream and telling us the reality of it all. Keep doing what you do and merry Christmas ✌️
I agree ,trading isn't a get rich quick scheme. However you could make money in the market by learning , improving and understanding risk management.
The problem is that most people just want the outcome without putting in the work , that is not going to happen.
I 'm a fan of your work but I nearly didn't bother to watch this one because I consider trading to be a risky activity requiring skills and knowledge (and money to lose) that I don't have. So good to see you spelling this out for a new generation. Your trading record and skills are impressive but what I think is far more valuable is your informed assessment of the state we're in and what needs to change. Thank you for your work and please keep it up.
Absolutely love your videos. I wish everyone would be made to listen to what you’re talking about regarding the state of the economy and the propaganda pumped out by certain media mail, telegraph sun etc.. Please keep fighting the good fight.
Love how I got a Trading Platform ad right after watching this video: 'This is how I became a millionaire, trading for just 3 hours a day' 😂🤦♂
Love your channel Gary. You have been a real eye opener for me
Your honesty is what separates you from the fake dream sellers, you have put value on yourself im glad to say you are principled and using your intelligence in the right path. Big ups garry, you encourage me to study economics my dream course but its too late im 27
Never too late to learn brother. If you stop learning you stop living.
@@LoneTraderskies thanks mate
Never too late to start studying, no matter what age u are, your either going to do it or ur not there's no in-between, are you going to keep making excuses or are you going to become the best version of yourself!
@@kinglion6197 that’s what I thought in my twenties: “it’s too late to learn something new from scratch” … 20 years later I look back and realise it wasn’t too late at all!! 😅 and now I will start learning something new, again 😅
It's never too late, man. I hope you can conquer this course and achieve everything you want for your life. Best wishes.
Linking people to this any time they ask me (an economist, emphatically NOT a trader) if I can help them with their investments and finances.
You're a great guy Gary, you're someone that could make millions form your image as a working class lad turned successful trader, suckering people in with paid for advice and tips. But you don't, you tell people the unpopular truth, that there is no sure fire get rich quick scheme, and that the real answer to their problems is to enact political change that will make the economy work for ordinary people.
One of the greatest coups the ruling classes ever pulled was to sideline working people from politics through apathy, so many people I talk to see no reason to vote because "they're all the same" and "I don't see any benefit from voting myself so don't bother". They don't seem to understand that this apathy allows for those in power and their friends to take everything.
Anyway, keep it up Gary, I hope that by continuing to give out the unpalatable truth to people they might start to wake up.
That's not true, there is a sure fire get rich quick scheme, it's called theft. Politicians love it, business executives love it, TH-cam trading gurus love it.
Absolutely true.
I am proud of you for keeping to your morals.
much needed video. i'd love to send it to about 4 people i know but i don't want to offend them by implying they've been foolish so I guess i won't. but it's a shame. thanks Gary. you have a real heart.
This is such sound advice. Yes, the markets are rigged against inexperienced traders and can lose you lots of money. The sad reality is that the economy is also rigged against it's ordinary citizens and whichever game you play, you are likely to lose. Thanks for what you are doing, and opening people's eyes, so they can really see what's going on!
On point video Gary, I’m a Property Trader over 20 years and had so many people around me going crypto crazy, all now in loss, at the time they couldn’t understand why I refused to invest and stayed in my lane. My simple answer being I can’t trade as ‘asset’ I don’t understand, same when if I don’t understand the fundamentals of how a building is valued there’s no deal. The first hand stories I’m hearing of ordinary working people losing money they don’t have is eye watering, the human and relationship fall out is heartbreaking.
I had a solicitor friend who came in to some money ask me if she should invest in crypto, my honest answer was that I don't know enough about the fundamentals of crypto to have any idea on whether it was a good idea or not. I said if you don't know what you are buying you might as well go to the casino and just put it all on red. Thankfully she didn't invest as it crashed a few months later
@@hughiemg2 as a trader I look at the underlying asset value, with property, gold etc they have that so as Gary said not a zero sum game like crypto can be, many people failed to understand this, I’ve had property losses over the years but still recovered 80% of the value, obviously with leverage the initial capital can be depleted.
@markkingproperties
Please explain what is he underlying value of gold? Essentially it is what someone is prepared today for it, just like crypto, or even US dollars for that matter.
Many people have been burned by crypto and if you put to much of your capital speculating on an asset as volatile as crypto you are very foolish - even worse if you use leverage.
I have do every nicely out of crypto, but only invested a small proportion of my liquid assets.
Avoid crypto and forex. No edge at all.
At least leading stocks are huge brand names.
To be fair, you got extremely lucky in the last 20 years and a number of events happened that no one could have predicted that have made property prices exceed extreme historical ratios. Property could well have been a zero sum game / done worse than inflation.
I don't trade in anything yet, (you need money to trade) but you are brilliant. Honest, and full of rational sense. Thank you. And people must understand that there is analysis in trading. They need to read, to study. It's not just about potluck and betting. Your advice is excellent.
Theres mixed messages. Trading is basically gambling..Gary said so in other videos. But then tells us here that actually its very skilled and you have to be very clever to do it. It seems to me you mostly just need to be rich enough to gamble. Since anyone with a million can make money with little knowledge. 60k a year for every million is it?
Traders with enough capital are more like the casino owners then the punters. The system is set up so the casino never loses. They neither gamble nor require special super clever knowledge. They just can't lose.
Drivel. Off course wealthy traders can lose money.
I’m 22yrs old all I can say is thank you for that reality check 😔🙏🏾
“Wealth quickly won dwindles away, but if amassed little by little it will grow.” Proverbs 13: 11
Amen
If anyone has to consult the Bible for financial advice, they are in trouble.
@@aaa-gt8by That shows how little you know. GG well played.
@@patrickholt2270 What you know is limited to the Christian Bible. How can you even compare yourself to anyone else who thinks scientifically?
@@aaa-gt8by Thanks for more data on your ignorance. So as well as not knowing what you're talking about about scripture, you also don't know what you're talking about about Christians. Not that quoting Proverbs identifies me as a Christian since it's in the the Hebrew scripture. But hey, you keep dodging information and doing no research while you pretend you think scientifically, so you can jump to conclusions, unquestioningly believe in strawmen of other people and faiths which differ from yours, and instantly go ad hominem, thus losing. GG champ. This was fun.
A great video Gary and the human side of trading is so important to understand.
My experience is that we don't take advice that well and only really learn from our own mistakes. This leads many people to get burned, talk negatively about the markets and never come back. A crazy mindset as it's a proven long term safe haven for the patient and sensible investors 👍🏻
Trading is different to investing as it's all about timing the market rather than time in the market. Yes it can be done and scalping a bit here and there is fun when it goes well but is no substitute for long term investing.
Just saw your interview on Insider. I TOTALLY relate with you in many ways.
Your insight is very appreciated, Sir.
Great video and so important. I’m seeing these trading apps being advertised to people here in Brazil “trade and make profit in dollars”. It’s so dangerous and there’s very little real information available
Love how this is explained, without being condescending. I’m one of the lucky ones and have assets.
My advise is to anyone, start your own business and enjoy the ride..
The best way to tell you were a legit trader?
you're not trying to sell us a course on trading.
Thank you! So refreshing.
Garry you are a man of massive integrity, wisdom, intelligence and grit. We almost never get to hear anyone speak so truthfully on any subject. Thank you and may you be blessed with the appreciation of many.
This story reminds me of parents raising kids. Here he is a professional trader and his friends thought they could do it better than him. He is literally thousands of hours ahead of them in his skillset, and yet they didn't listen to his recommendations. He is right on the money about how dangerous it is teaching people to be traders. You have to mentally be ready for this psychological roller coaster.
As someone who comes from a sports betting background. I can vouch for this entirely. The biggest thing that separates winners and losers is discipline and sticking to a plan. The number of people who ask me for tips, and then the minute some of them lose they brand it as a load of rubbish and then proceed to bet on stuff I've not told them to do. Like he says, psychology is such that everyone thinks they know more than they do and can't simply follow instructions or commit to the discipline required. I'm sure Gary would agree, give either of us a bad strategy and we would make it work better than someone with the best strategy in the wrong hands.
Anyone who asks I always say, best thing you can do is not bet. The best bets are the ones you don't make.
When you’re poor, struggling and have a family - you watch these videos looking for answers… and makes it much worse
But if you did not see this video, you could be struggling even more by attempting to trade.
Just helped you dodge a bullet
@@SealofProphets i traded for few months. I lost money overall. I am an engineer who knows maths and i still lost. I think it is very difficult, almost impossible to trade profitably consistantly. Gary explain the reasons. Also, ordinary people aim for 10% gains while big hexge funds are okay with 1%. So in the end the guy who chases 10% will lose so many times that he will come out negative. While large funds wait for one opportunity per month, they get in and get out fast, get their 1% which is still hudge as their bankroll is in $ Billions.
It guides you, in an unbiased way, towards saving and investing (if possible) instead of chasing the quick buck and playing a game stacked against you. I'd call that a big W
Trade Options. Selling strategies will always beat buying strategies. Start there.
I'm not envious of the way Gary has made his wealth. He's clearly put a lot of time, energy and knowledge into getting to where he is now. What I have a huge amount of respect and admiration for is how he's dishing out honest advice for free to everyone in what to do and what not to do in what appears to be an attempt to right the wrongs of financial inequality. He's got rich and he's seen what it does to people and it's refreshing that someone like him has wealth but also has a heart and conscience intact. He could easily cash in and forget about the world but he's stuck around to do his bit to help others suffer less under financial pressure.
Gary, thank you for taking the time to inform us common people on such matters!
Only 42k views, but 127k subscribers. How does that work? More people need to watch and be aware of the way the system works. That's the only way: to educate people and to help society.
Good advice, Gary. Keep up the good work!
I did invest in crypto in 2019, so I'm still way up, and I think there are some use cases using the blockchain, so I personally won't dismiss it. I realise there's plenty of junk out there, too.
What coins do feel have a future? I've got some of the rubbish ones, thinking of dumping them!
@@andrewtaylor6737I'm not a financial advisor, and I'm not going to recommend one to you, because I don't know any. 😀
You just have to look at the real-World use cases for the cryptos (that's what I do). Whether it be as a currency, or as something that can replace a less useful and expensive part of doing business that can be automated. It takes a lot of research.
I've wasted/spent a lot of time over the last 5 years over this. Nobody is paying me for that. My payment (in theory, well, hopefully) will be at least some sort of financial security.
It is as Gary says, a form of gambling, just as the stock market is. Do some due dilligence and you increase your chances of doing well. Gary worked hard.
If you have some junk cryptos and stocks, and you're not sure why they are performing well or badly, then I would sell them (especially if you're in the black), then start learning. After a while you should be more confident in choosing something, and then reinvest, maybe...
@@andrewtaylor6737 Interesting. I gave you a reply, but someone has deleted it. There was no financial advice in it, and nothing offensive, either. Cancelled by somebody.
@@jagolago-bob Interesting, sounds like they don't like Crypto!
Great video. I’ve done the same for people. I’m a pretty informed on tech and gave some friends ( not poor guys I might add ) some trades. Just time sensitive provisional things. Example, I said that for about a month Nvidia stock will fly up. Until people see 1 -the 4080 vs another rival card at a close price point & 2 - their server solutions are not as heat effective as a competitors.
This was a lot of reading, understanding, and some guessing, but educated guesses. It was a 35% ish jump so very nice. I put a big sum on. My friends putt less on and it turned over nicely. So then I’m getting msg’s - where do we go next? - so I said…the bank! They didn’t like it. Thought I was holding out. So like your video said now convinced they are expert, they bet on various things.
Over 2 weeks whatever they had got eroded from stupid jumps and jumping again with no info behind it. So now they are like -save us man! I lied & said I was out due to the downturn of the market - blah blah.. so they took the small losses. Got out not that happy… I regret telling them about it at all. I think I made it seem far more easy & straightforward than it was. 🤦🏻♂️
Now I say if asked - trade on your fundamentals! I won’t elaborate. 😐
You are a very inspirational man. There are not many out there like you. You could have run into the sunset extremely wealthy, but you decided to help people keep up the good work
Confirmation bias is a real thing - thanks for sharing the lesson.
Thank you Gary , I’ve recently started watching ur videos . I love ur content mate . It’s generally negative information but the ugly truth is better than a beautiful lie , you have really opened my eyes on why I shouldn’t trade as the time and commitment I have to put in would be far less than someone who is a full time trader . It really does feel like gambling and I hope this gets a lot of exposure to wake people up ..
your a legend !
I was very successful in covid I also betted in assets going up took a massive risk on BTC and alt coins cashed out just before the blow out top (thank god) I learnt market manipulation and has been my biggest asset to date now I'm a lone trader they going one way I watch I wait I execute. Your videos are pure gold Gary 🙌
Came over from the Insider segment to your time as a trader. What an insight to the horrific mentality that goes on in that world.
Really commend you for putting this channel together to share your knowledge and experience.
Wish you the very best in whatever life brings you Gary :)
Brilliant ,as one was exactly as Gary describes for us mere mortals it's a mugs game. The whole system is geared for the masses to lose money, not make it. You'll need to have lots of money to maintain a good trading margin, and if you have that, why trade? Thanks again Gary.
here after Insider clip , cannot wait to see your previous content and next ones. Much appreciated.
Most people should not trade as they have no self control.
My stock portfolio has been a roller coaster the past few years. If I bet big when everything looked great (stocks rising) and called it a day when things were plummeting (selling at a loss), I would be doing everything wrong.
The stock market is about going against the crowd. The market is a human reaction to companies, not the actual value of the companies themselves.
Thanks for telling the truth even if it’s not what is best for you and your channel
thank you Gary... pearls of much needed wisdom. i've been building a horse racing system for several years. Luckily.. one of the first decisions i made was to build a simulation system to test my theories.. in short.. it doesn't work.. so i don't bet.. doesn't stop me trying to make it work though.. but.. much like trading.. its a huge amount of work..and even after all the work it still doesn't return a profit...
There’s huge randomness involved in racing. Most systems will only work in the very short term
By the way. How do you simulate a system?
@@megaskyburst If you can get access to historical racing data you can buid a system that will backtest your strategies on that historical data. I do the same with stock trading systems. The quality of that historical data is very important though. .
New to the channel and loving the videos! Thanks for the hard work putting these together
So much respect for your honesty and integrity, thanks for this. Barb
Absolutely amazing video thank you Gary for talking complete sense in a world that is currently full of craziness! More people need to see your videos.
As opposed to "trading", which is short-term and high risk, I would advise careful long-term investing on the stock market, investing equally in 15-25 different companies for further risk reduction. It won't make you rich quick, but it's much more likely to get you there in the end.
Also your GBP review was spot on. Nice to know you are back to trading. Your views always to the point and from different angle.
Excellent video. I was immediately put off trading by the idea (for example) that you can actually sell Gold, but not actually have Gold. Nuts. Got £100 in a trading account and just play with it for fun, will never trade anything more.
I love your soul, Gary. I strongly feel that the words coming out of your mouth, directly come from your heart.
I just discovered you on your LAD Bible TV interview, and I have to say that hearing you talking about trading…. made me change my mind about it…
It's been a month now that I'm learning as much as possible about future options, to turn my life around, but now I see it, thanks to you. It's really gambling.
I didn't want to believe it.
I will find another way to attain my dream life.
Thank you, Gary.
honest guy who is the first person to even think about helping the system work better for the poor
Gary you sound like someone who really wants to fix the economy and people to support you and you have my support.
That doesn’t mean that I don’t want to get into the hype and make a lot of money; it just means that I want to listen to someone who genuinely cares and understand poor people and the difficulties they face.
Also, I want to listen and learn from someone who knows what I don’t know and has been where I haven’t such as into trading and economics
Traded on and off since i was got the bug studying Economics at school.(worst school in Scotland according to tables and here was I studying economics) So after say after 34 years of that I can whole heartedly agree with Gary. It's hard and really you need information that other people don't have. I'd describe it as similar to the grand national where both the jockey and horses are blindfolded and nether know where the fences are. Trade for any amount of time and you will lose.
wish i found you when i started trading last year. what you said is true about people and their "gambling mindset" especially in the first months when they experience it, not realizing you are going against literal and actual traders from funds and banks and not the nonsense you see on youtube
Good on you mate. Just caught your bit on BBC talking about the Tories levelling down strategy... Like trickle down. Trickle up more like it.
Good stuff 👍
I subscribed, because I love trading(even though I think Im not that great). And I have a vision to improve myself and my community. You the real deal Gary, very rare bro. I'm listening
Change your smoke alarm
Just the 9v battery
I love this. I play poker and one of the key skills is knowing that it's my edge vs the field less the rake (spread/vig). I also know that if I study less than the field I'm going backwards by standing still. Trading is similar. You have to take money off someone else and if you don't know exactly how you're beating them, you're already losing.
Excellent video and great advice as ever Gary. Top man.
Glad you enjoyed it
An honest man, cheers mate, you deserve all the blessings you have earned, keep being real.
Thanks for this Gary (think your fire alarm could do with a new battery btw)
12:40 I don’t feel I can win the London marathon next year but I do feel I can take part and enjoy the process, I really enjoy reading the news and seeing patterns and trends (I detest crypto) there is no get rich quick scheme in trading and we should put forward what we can afford to lose and not a penny more
0:48 replace your smoker alarm battery mate.
This video should be on every trading platform and your must watch it before you place your first trade
You didn't teach how to trade Gary, you taught something much much more valuable than that. Every person should watch it, thank you!
Loving your vibe n story bro, thanks for being real. Big things coming for souls like ours.
Agree fully. Day traders dont have professional tools like bloomberg or reuters to begin with. Alot of analytics and information is missing from especially mobile trading plarforms to even begin to make any kind of informed decision in trading. Data is gold when it comes to trading. I worked in the market for 10 years... Citi bank was one of my clients. The average person cannot comprehend what a commercial dealing room looks like.
A lot of the mobile app trading is actually part of the likes of Alibaba which the Chinese government tried to stop people from doing. So then the US side ended up actually... Allowing this company to list. But of course, the Chinese netizens aren't playing ball. It means small indie traders end up being rented individuals.... Despite equal to equal statuses. It's created another level of divide.
Wow I appreciate it man. I didn't expect this video to be like this, but you gave the best advice I've ever gotten
Great advice , its rare that to hear such wisdom on youtube.
Thanks for sharing 🙏
After so much struggles I now own a new house and my family is happy once again everything is finally falling into place! and I pray that anyone who is reading this will be successful in his or her life!!!…..
I'm 37 and have been looking for ways to be successful, please how??
😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
Ok, I'd love connect Sophia chandler, how do I do that please??
Thanks for sharing info on Sophia chandler here. A lot of beginners are smashed out there every day, It's a good thing we have nice people here who want others to become successful as they are.
@@elizabethava2438 How is life as a bot?
To all who read this: don't ever think any of the people above making advertisements for Sophia Chandler are genuine.
Must watch for all wannabe traders. Wish I saw it before I lost £250, at least I knew where to draw the line, many people don’t. Thank you, Gary, please continue teaching life wisdoms.
Overall, 51% of traders anticipate that this year will be favorable for stocks, mutual funds, and other equity-based investments, despite the high returns currently offered by Treasury yields and other safer, cash-like options. I’m actively seeking market opportunities that could generate $1 million ahead of my retirement target in 2025.
Focusing on stocks with a history of stable, increasing dividends-even during economic downturns-can be a solid strategy. Alternatively, consulting a certified market strategist can provide valuable guidance on promising equities.
Absolutely. Having the right financial planner is critical. My portfolio is strategically diversified for all market conditions, and it recently achieved a 90% increase since early last year. My CFP and I are aiming for a seven-figure goal, though it may take until Q3 2024.
I’ve faced significant losses and am holding on to try and recover. I need assistance-who is the investment advisor you’re working with?
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for sharing! I did a quick search and found her website. I hope she responds to my email soon.
You live very humbly, considering the amount of money you make!
To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Norman Vitalii focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. His skills set is top notch.
I’m puzzled why you say “buy gold” falls in the category trading. I love your channel, your soul and believe more people like you to become more vocal. Watching the Netflix documentary “inside job” makes me realize even more that we can’t expect anything from politicians 😢. We need a revolution, a big one.
This stuff isn’t easy but it’s possible with the right info and mindset!
I see a lot of people using trading apps like a game and talk about putting down £5k plus. They all seem to talk about the short-term…just like gambling. I think awareness in workplaces, schools and communities is needed. Are there people or companies that can come into companies to talk about these topics? The trouble is that I think people believe they are more clever than they actually are plus like you say you are competing with full time traders. I’ve seen it where you ask someone to do a job and they are more interested in the trade or announcement because they are trading with such high risks.
I dabble with very, very small amounts to learn if my predictions are accurate and it works well. It certainly won’t buy me a car(maybe a tank of petrol🤣) or allow me to retire early but it does teach me a little bit about current patterns and also keeps me in tune with my pension. And the trouble with pensions is that you are trusting someone else with your money.
Great video, it would be interesting to know how this affects company workforces… after all well being is such an important part of life and I feel some people just don’t see their actions as gambling.
Honestly , lots of motivational billionaires in the world both Americans, Europeans, United Kingdom, Asia etc. have their experiences as we can see and listen consecutively but what matters is your mindset and reliable mentor who can always create an avenue to guide you.
knowing the fact as a beginner, how can i start this process?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
Yes,Perfectly with, @mapstephybeck
Actively
Telegram?
Absolutely right, she got time personally for her teachings , advises and directives, for me it's more reliable.
Great message Gary and similar to the advice from the Warren Buffet.
Thanks for mentioning this video. If you’re not yet involved in the financial markets, especially the crypto space, you’re missing out on a huge opportunity. I understand it can be intimidating or confusing for some, but if you want to build generational wealth and improve your financial literacy, you need to get involved.
I am not sure because I don't know how to trade cryptocurrencies. How can I find a good cryptocurrency expert to guide me please? Thanks.
VI have invested in bitcoin myself. I am not really happy with what is happening right now. Just a few weeks ago I lost about $7,000 on a certain transaction. Can you help me or at least give me some advice on what I should do?
Please, how should I proceed? I am still new to investment trading and how can I make profits?
Someone like Ms. Natalie Brunell, who understands the market very well and is a pro at closing deals, is essential.
I feel the same way, I think the approval of Bitcoin ETFs will be a life changing opportunity, with my current portfolio of $14,000 from my investments with my personal financial advisor Joaniq🇩🇪 I totally agree with you
You deserve to be at the top of this niche of TH-cam, so that everyone on this platform can hear your words. So many people think that they can make an account of a trading platform and turn their last $1,000 into millions of dollars.. It is a losing proposition and MOST people are losing money. It is even worse when they have one winning trade out of pure luck, and yet they think it's all skill and they're going to be super wealthy... Thank you for your content!
Hey Gary,
Trading isnt gambling. You were fundamental analyst trader. Youre different from a technical analyst retail trader. It will be difficult for you to make that transition to becoming a retail trader and doing all the technical analysis cos that wasnt your forte. I agree that making money as retail trader is difficult, but not impossible.
Exactly. TA only has to work 51% of the time. The hardest part of trading is having the balls to be brave enough to follow your rules and take the chance to go in.
Don't kid yourself the pros have access to information and technologies that fundamentally handicap retail investors and retail will always be the bag holders for the pros.
Dude he's literally waiting for the right pitch no matter how long would it take
@@chrisyoung1821 are you saying there are no retail traders who are consistently profitable?
@@chrisyoung1821even with all the tools the pros may have, if you know the direction a specific market has for a given amount of time, and you know how to manage your timing and risk, you will make money. Don’t get sidetracked, I think Gary’s video is the best any trader should give, about trading, because trading is what it is, a rigged game, but that doesn’t mean you can’t be profitable for periods of time in it and diversify your gains from it afterwards. You need to learn how to dose it, like anything, as good relatively risk-free opportunities show up at least 2-3 times a year. Trading every single day, long term, you will not survie, no, not even Gary could keep up with it… So you just have to work with what you have and know your limits, run away and survive with the bags at the right moment. This is the hardest thing to do and this where everyone loses their heads, and money.
Great video. I think people are desperate for wealth. What most don’t understand is the process of getting there takes time and heaps of effort. Most of us don’t come from wealthy families so the mindsets, habits and connections generational wealth brings are also often out of reach. The barrier to entry into trading is too low, which creates a dangerous opportunity for those desperate to claw their way out.
Most retail traders lose their money because they adopt a strategy of dollar cost averaging i.e. increasing the size of their bet as the price moves against them. The problem with doing this is that it actually works a lot of the time thereby giving the novice or newbie trader the belief that they can actually succeed. However when the price does not recover and you have a big red daily candle, emotion takes over and a retail trader will typically close out for a massive loss cancelling out all their previous wins and more in the process. This is a cycle that repeats over and over.
I mean in terms of index investing, in a bull market every big red candle is just a buying opportunity. 3 times now I saw daily RSI on NQ/SPY reach the 30 level and I contemplated investing my personal funds in it, and I would have seen about 20% gain within a few months. Especially when the yen carry trade was collapsing and the VIX spiked above 60. That was a clear contrarian buy indicator.
But of course I don't have a crystal ball and I have been burned before in trading so I let the opportunity slide, again. But in the long term, the only index I've seen collapse and stay collapsed is the Nikkei when the Japanese bubble economy died, and even then that reached a new all-time high this year.
Fair play for telling it straight, Making money through trading is not a licence to print money as some 'successful traders' like to pretend. That's why 'successful traders' like to sell their course rather than continue to 'make fortunes' from trading. It's just too difficult.
As a new investor, it's important to remember that investing and trading require more than just technical analysis skills. Discipline and emotional maturity play a significant role in achieving success. It's wise to keep in mind the adage of "time in the market vs. timing the market," as this mentality can help you weather market volatility. With insights of Norman Vitalii and my commitment to learning and growth, I've been increasing my earnings in just a few months. Keep up the good work
Thank you for your candor, humanity and humility... I hope people listen to your wisdom.
I think the message of Gary's video is 'Get into Politics, not trading'.
If you look a the wealth this nation and its people have, it came from politics. The decision to create an NHS. The mass house building after WW2. Schools and universities. And on and on. We'd be better off acting collectively to affect politics and create shared prosperity.
Yep! Look at Michelle Mone now, she never traded yet somehow gained hundreds of millions in the past 2 years!
@@TomNook. she’d already made a lot of money in fairness, she built a very wealthy company I believe
@@JM-yf3ol People power is massive, thats why the billionaire media and press, continuously divide to conquer, they set one group upon another to divert attention from the fact that all of the assets are moving more and more to only the richest. They are so good at this technique that they double down on it and the people's minds are consumed with refugees and race hatred instead of the fact that the rich are systematically stealing assets from the population.
@@megaskyburst she did, which was her entry ticket to a seat at the table where the real opportunities are dished out!
Really love the honesty and integrity. Does this also relate to all these traders who sell the dream through 'simply copying their trades'
Had a former colleague coming to me crying bc he lost his life savings on GME and crypto. So many young people got trapped during COVID. So much cynicism. You are a hero Gary. 🙏
gme went up??
@@Rayzco It also collapsed. I was so close to shorting GME during the 2nd Roaring Kitty comeback, after the earnings came out early pre-market and it started to tank. But I sat there and watched as it collapsed, predictably, like a stacked house of cards. I made money on a few scalps but lost it later anyway. I'm starting to think I would be a lot more profitable as a swing trader than as a day trader. I've only lost money doing the latter and was far too slow to come to the realisation of what is already known common knowledge - that most traders will lose.