How I lost $350K daytrading stocks and what I learned from it.

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  • เผยแพร่เมื่อ 5 พ.ค. 2019
  • Ex-Google Tech Lead loses $350,000 in the stock market and lives to tell the tale. For fun daily problems on science and engineering check out brilliant.org/techlead (the first 200 get 20% off premium). Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000) bit.ly/techleadstock
    If you think you're so smart, then go play the stock markets and prove that you really are smarter. The experience will take you down a notch - keep yourself in check. Let me know your thoughts in the comments below.
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ความคิดเห็น • 7K

  • @TechLead
    @TechLead  4 ปีที่แล้ว +108

    » Get 2 free stocks on WeBull when you deposit $100 (valued up to $1400):
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    • @marcusalv
      @marcusalv 4 ปีที่แล้ว +21

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

    • @nihilism1234
      @nihilism1234 4 ปีที่แล้ว +22

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

    • @alpark3024
      @alpark3024 4 ปีที่แล้ว +4

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

    • @Tanner-tn2mn
      @Tanner-tn2mn 4 ปีที่แล้ว +3

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

    • @jhonfamo8412
      @jhonfamo8412 4 ปีที่แล้ว

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

  • @quepadrequemadreeducadores7237
    @quepadrequemadreeducadores7237 4 ปีที่แล้ว +4620

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

    • @soving
      @soving 4 ปีที่แล้ว +292

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

    • @sadigov
      @sadigov 4 ปีที่แล้ว +42

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

    • @quepadrequemadreeducadores7237
      @quepadrequemadreeducadores7237 4 ปีที่แล้ว +1

      @@stanislavjirak2894 still married?

    • @stanislavjirak2894
      @stanislavjirak2894 4 ปีที่แล้ว +2

      @@quepadrequemadreeducadores7237 Nope, I'm single.

    • @quepadrequemadreeducadores7237
      @quepadrequemadreeducadores7237 4 ปีที่แล้ว +1

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

  • @Philip8888888
    @Philip8888888 5 ปีที่แล้ว +2504

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

    • @4m4n40
      @4m4n40 5 ปีที่แล้ว +68

      It's legit gambling

    • @nobodyz2700
      @nobodyz2700 5 ปีที่แล้ว +37

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

    • @samuelson4244
      @samuelson4244 5 ปีที่แล้ว +12

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

    • @nobodyz2700
      @nobodyz2700 5 ปีที่แล้ว +2

      @@samuelson4244 Yeah. Agree.

    • @ryanm1630
      @ryanm1630 5 ปีที่แล้ว +10

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

  • @alexsteven.m6414
    @alexsteven.m6414 10 หลายเดือนก่อน +203

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

    • @bernisejedeon5888
      @bernisejedeon5888 10 หลายเดือนก่อน +1

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

    • @belobelonce35
      @belobelonce35 10 หลายเดือนก่อน

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

    • @yolanderiche7476
      @yolanderiche7476 10 หลายเดือนก่อน

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

    • @belobelonce35
      @belobelonce35 10 หลายเดือนก่อน

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

    • @alainmesmairetsafack5376
      @alainmesmairetsafack5376 3 หลายเดือนก่อน

      can we have more infos?

  • @Itsjaekim
    @Itsjaekim 3 ปีที่แล้ว +1832

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

    • @alexandercrush
      @alexandercrush 3 ปีที่แล้ว +34

      I didn’t even notice that 🧐

    • @eastsidecryptoguy8986
      @eastsidecryptoguy8986 3 ปีที่แล้ว +147

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

    • @patchstein810
      @patchstein810 3 ปีที่แล้ว +3

      @@eastsidecryptoguy8986 😭

    • @nickdoyle3950
      @nickdoyle3950 3 ปีที่แล้ว +7

      💀💀🤣

    • @aaronlindsay8944
      @aaronlindsay8944 3 ปีที่แล้ว +26

      As a millionaire

  • @moatazelmasry
    @moatazelmasry 5 ปีที่แล้ว +1929

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

    • @dtmt502
      @dtmt502 5 ปีที่แล้ว +6

      subscribe to /r/wallstreetbets

    • @f.p.5410
      @f.p.5410 5 ปีที่แล้ว +2

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

    • @jesusbalderas329
      @jesusbalderas329 5 ปีที่แล้ว +7

      More money is lost trying to fix poverty.

    • @shawn4692
      @shawn4692 5 ปีที่แล้ว +1

      Totally agree!

    • @attilakun7850
      @attilakun7850 5 ปีที่แล้ว +11

      Even in his failures he's succeeding.

  • @abz4852
    @abz4852 4 ปีที่แล้ว +314

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

    • @andrewartuso876
      @andrewartuso876 4 ปีที่แล้ว +2

      Developer Abz hahahaga

    • @math_person
      @math_person 3 ปีที่แล้ว +8

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

    • @Visualprowessuser
      @Visualprowessuser 3 ปีที่แล้ว +3

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

    • @oniviper
      @oniviper 3 ปีที่แล้ว +2

      @@math_person Error: you're missing a semicolon

    • @strangerdanger7616
      @strangerdanger7616 3 ปีที่แล้ว

      So he's successful at being a success unsuccessfully?

  • @daveychaz
    @daveychaz 3 ปีที่แล้ว +473

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

    • @eligijusan9132
      @eligijusan9132 3 ปีที่แล้ว +7

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

    • @thegreatbenis225
      @thegreatbenis225 3 ปีที่แล้ว +33

      @@eligijusan9132 i wonder where my millions came from then

    • @1gregmoreira
      @1gregmoreira 3 ปีที่แล้ว +41

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

    • @eligijusan9132
      @eligijusan9132 3 ปีที่แล้ว +11

      @@thegreatbenis225 from gta 5

    • @thegreatbenis225
      @thegreatbenis225 3 ปีที่แล้ว +3

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

  • @pfschuyler
    @pfschuyler 3 ปีที่แล้ว +176

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

    • @anttrader1110
      @anttrader1110 3 ปีที่แล้ว

      I'm willing to help with my ANT trading strategies

    • @kevintruong8171
      @kevintruong8171 3 ปีที่แล้ว +1

      "And it was actually more than that" lool

    • @anttrader1110
      @anttrader1110 3 ปีที่แล้ว

      @@kevintruong8171 yup hope i can help you too

    • @nehankaranch2149
      @nehankaranch2149 2 ปีที่แล้ว +2

      i lost 3k day trading and feel devestated

    • @anttrader1110
      @anttrader1110 2 ปีที่แล้ว +1

      @@nehankaranch2149 i can help you brad

  • @cryptorage7206
    @cryptorage7206 5 ปีที่แล้ว +307

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

    • @louis5313
      @louis5313 5 ปีที่แล้ว +1

      Its true..

    • @austins.219
      @austins.219 5 ปีที่แล้ว +10

      By the rumor sell the news

    • @Josh-nc6nt
      @Josh-nc6nt 5 ปีที่แล้ว +6

      You're probably broke stfu

    • @GrooveFederation
      @GrooveFederation 5 ปีที่แล้ว +5

      trade the rumour, sell the news

    • @chrisjorgji7786
      @chrisjorgji7786 5 ปีที่แล้ว +2

      @@Josh-nc6nt no need for that

  • @james.atkins88
    @james.atkins88 10 หลายเดือนก่อน +236

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

    • @Believer292
      @Believer292 10 หลายเดือนก่อน +5

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

    • @hunter-bourke21
      @hunter-bourke21 10 หลายเดือนก่อน +4

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

    • @rebecca_burns14
      @rebecca_burns14 10 หลายเดือนก่อน +4

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

    • @hunter-bourke21
      @hunter-bourke21 10 หลายเดือนก่อน +3

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

    • @edward.abraham
      @edward.abraham 10 หลายเดือนก่อน +1

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

  • @IkeCarterShow
    @IkeCarterShow 3 ปีที่แล้ว +102

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

    • @nomearod
      @nomearod 3 ปีที่แล้ว +17

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

    • @fciolino
      @fciolino 3 ปีที่แล้ว +3

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

    • @tonyvu2011
      @tonyvu2011 2 ปีที่แล้ว +6

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

    • @kiklocus4660
      @kiklocus4660 2 ปีที่แล้ว +6

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

    • @VampirusX
      @VampirusX 2 ปีที่แล้ว

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

  • @BilguunsparKO
    @BilguunsparKO 3 ปีที่แล้ว +730

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

    • @chavezcruzjuanluis7004
      @chavezcruzjuanluis7004 3 ปีที่แล้ว +15

      Did btc take you here?

    • @chavezcruzjuanluis7004
      @chavezcruzjuanluis7004 3 ปีที่แล้ว +5

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

    • @asmitsachan202
      @asmitsachan202 3 ปีที่แล้ว +6

      This hits hard, just like my stop losses

    • @Titanrock797
      @Titanrock797 3 ปีที่แล้ว +7

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

    • @adultshit7081
      @adultshit7081 3 ปีที่แล้ว +1

      LMAAAO

  • @TrueZenquiorra
    @TrueZenquiorra 5 ปีที่แล้ว +650

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

    • @Abner3
      @Abner3 5 ปีที่แล้ว +27

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

    • @alexandermakaev
      @alexandermakaev 5 ปีที่แล้ว +14

      Don’t just respect, OBEY! B-)

    • @T.R.U.T.H..
      @T.R.U.T.H.. 4 ปีที่แล้ว +1

      @Marcello Bergonzoli BULLSHIT.

    • @leonard0104
      @leonard0104 ปีที่แล้ว

      This comment did not age well.

  • @vdynmx
    @vdynmx 5 ปีที่แล้ว +4271

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

    • @MyName-ho1xt
      @MyName-ho1xt 5 ปีที่แล้ว +88

      😆

    • @TechLead
      @TechLead  5 ปีที่แล้ว +851

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

    • @piotrdamek3331
      @piotrdamek3331 5 ปีที่แล้ว +59

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

    • @obsoleteprofessor2034
      @obsoleteprofessor2034 5 ปีที่แล้ว +50

      Safe space...

    • @cularu1
      @cularu1 5 ปีที่แล้ว +4

      Lol

  • @gilltim5711
    @gilltim5711 3 ปีที่แล้ว +258

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

    • @rickZ1234
      @rickZ1234 3 ปีที่แล้ว +11

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

    • @richardschmeichel3218
      @richardschmeichel3218 3 ปีที่แล้ว +4

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

    • @peterhagtharp4263
      @peterhagtharp4263 3 ปีที่แล้ว +3

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

    • @timjosling9298
      @timjosling9298 3 ปีที่แล้ว +1

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

    • @jackmiddleton2080
      @jackmiddleton2080 3 ปีที่แล้ว +2

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

  • @RallyRossi
    @RallyRossi 3 ปีที่แล้ว +41

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

  • @AskSebby
    @AskSebby 5 ปีที่แล้ว +1303

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

    • @guillaumebrizolier8777
      @guillaumebrizolier8777 5 ปีที่แล้ว +40

      by TechLead from the TechLead

    • @origin6163
      @origin6163 5 ปีที่แล้ว +10

      @@guillaumebrizolier8777 starring the techlead

    • @tdreamgmail
      @tdreamgmail 5 ปีที่แล้ว +9

      Warren Buffet has join the chat

    • @firehandszarb
      @firehandszarb 5 ปีที่แล้ว +6

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

    • @TimsDaBossMC
      @TimsDaBossMC 5 ปีที่แล้ว +1

      I heard a genius said this

  • @colinmcmullin1154
    @colinmcmullin1154 5 ปีที่แล้ว +322

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

    • @zknarc
      @zknarc 5 ปีที่แล้ว +5

      Classic TechLead moment

    • @stockholmsyndromeself-trea7517
      @stockholmsyndromeself-trea7517 5 ปีที่แล้ว +3

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

  • @justworldwide
    @justworldwide 3 ปีที่แล้ว +281

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

    • @averyip7015
      @averyip7015 3 ปีที่แล้ว +3

      Why did you lose the money?

    • @jimzegarra861
      @jimzegarra861 3 ปีที่แล้ว +19

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

    • @jimzegarra861
      @jimzegarra861 3 ปีที่แล้ว

      @@The_AndiCat damm

    • @lluhu
      @lluhu 3 ปีที่แล้ว

      @@jimzegarra861 you want to keep losing more?

    • @da933
      @da933 3 ปีที่แล้ว +7

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

  • @a.anthony7554
    @a.anthony7554 ปีที่แล้ว +11

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

  • @v-7815
    @v-7815 5 ปีที่แล้ว +578

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

  • @jomakaze
    @jomakaze 5 ปีที่แล้ว +903

    Rip thats more than my networth

    • @randomrandom316
      @randomrandom316 5 ปีที่แล้ว +17

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

    • @TheUniksniper
      @TheUniksniper 5 ปีที่แล้ว +4

      Hahahah

    • @dean8147
      @dean8147 5 ปีที่แล้ว +8

      Joma Joma Joma Joma Joma Joma Joma Joma

    • @TrueZenquiorra
      @TrueZenquiorra 5 ปีที่แล้ว +2

      Only if you didn't sell your cryptocurrency

    • @TechLead
      @TechLead  5 ปีที่แล้ว +473

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

  • @classic_petter
    @classic_petter 3 ปีที่แล้ว +140

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

    • @kauaicouple
      @kauaicouple 3 ปีที่แล้ว

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

  • @michaelisip6739
    @michaelisip6739 4 ปีที่แล้ว +858

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

    • @michaelisip6739
      @michaelisip6739 4 ปีที่แล้ว +35

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

    • @lucasdesouza7537
      @lucasdesouza7537 4 ปีที่แล้ว +2

      THIS!

    • @michaelisip6739
      @michaelisip6739 4 ปีที่แล้ว +14

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

    • @photonsponge
      @photonsponge 4 ปีที่แล้ว +3

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

    • @michaelisip6739
      @michaelisip6739 4 ปีที่แล้ว +43

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

  • @The_Reductionist
    @The_Reductionist 5 ปีที่แล้ว +372

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

    • @Crimulous
      @Crimulous 5 ปีที่แล้ว +56

      So you made $0?

    • @i_am_acai
      @i_am_acai 5 ปีที่แล้ว +81

      @@Crimulous That's the joke

    • @talentofmind
      @talentofmind 5 ปีที่แล้ว +17

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

    • @Hilko26
      @Hilko26 5 ปีที่แล้ว +9

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

    • @ryanm1630
      @ryanm1630 5 ปีที่แล้ว +2

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

  • @axusanttu
    @axusanttu 3 ปีที่แล้ว +44

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

  • @AbsitInvidea
    @AbsitInvidea 3 ปีที่แล้ว +326

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

    • @cryptowilliams3771
      @cryptowilliams3771 3 ปีที่แล้ว

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

    • @tltarzan678
      @tltarzan678 3 ปีที่แล้ว +2

      👍😂

    • @tisurmaster
      @tisurmaster 3 ปีที่แล้ว

      I left them there, too!

    • @kauaicouple
      @kauaicouple 3 ปีที่แล้ว +1

      lol..im stealing this

    • @NaudVanDalen
      @NaudVanDalen 3 ปีที่แล้ว +2

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

  • @KS-qy5lt
    @KS-qy5lt 4 ปีที่แล้ว +442

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

    • @freeworld5497
      @freeworld5497 4 ปีที่แล้ว +4

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

    • @KS-qy5lt
      @KS-qy5lt 4 ปีที่แล้ว +31

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

    • @ericks1081
      @ericks1081 4 ปีที่แล้ว +10

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

    • @KS-qy5lt
      @KS-qy5lt 4 ปีที่แล้ว +3

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

    • @fatbarbie5679
      @fatbarbie5679 4 ปีที่แล้ว +11

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

  • @assasin1992m
    @assasin1992m 5 ปีที่แล้ว +683

    My investment strategy: Buy high, Sell low.

    • @infiltr80r
      @infiltr80r 5 ปีที่แล้ว +81

      You, me and billions of others.

    • @yaxizhang9455
      @yaxizhang9455 5 ปีที่แล้ว +125

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

    • @AndywayVideos
      @AndywayVideos 5 ปีที่แล้ว +8

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

    • @blessingchigome3930
      @blessingchigome3930 5 ปีที่แล้ว +5

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

    • @humblehermit7585
      @humblehermit7585 5 ปีที่แล้ว +17

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

  • @James-it6qh
    @James-it6qh ปีที่แล้ว +21

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

  • @carscoffeeandmischief
    @carscoffeeandmischief 3 ปีที่แล้ว +5

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

  • @AchillesWrath1
    @AchillesWrath1 5 ปีที่แล้ว +486

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

    • @youngz13o
      @youngz13o 5 ปีที่แล้ว +36

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

    • @youngz13o
      @youngz13o 5 ปีที่แล้ว +1

      Sblinger ouch....

    • @jamess9808
      @jamess9808 5 ปีที่แล้ว +1

      not really, hes chinese

    • @AchillesWrath1
      @AchillesWrath1 5 ปีที่แล้ว +4

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

    • @thepope229
      @thepope229 5 ปีที่แล้ว +1

      LMAO

  • @uilium
    @uilium 4 ปีที่แล้ว +671

    The most expensive school is the stock market.

    • @Bryan-bh5pq
      @Bryan-bh5pq 4 ปีที่แล้ว +28

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

    • @dohyopkim7752
      @dohyopkim7752 4 ปีที่แล้ว +26

      I think college is the most expensive school

    • @lucavalentine2535
      @lucavalentine2535 4 ปีที่แล้ว +9

      College is way more expensive

    • @Iburn247
      @Iburn247 4 ปีที่แล้ว +1

      Yup

    • @Iburn247
      @Iburn247 4 ปีที่แล้ว +7

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

  • @Willy-tt6ez
    @Willy-tt6ez 2 ปีที่แล้ว +4

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

  • @carlosnavarro1365
    @carlosnavarro1365 3 ปีที่แล้ว +6

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

  • @AtrusGambit
    @AtrusGambit 4 ปีที่แล้ว +345

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

    • @alexanderleo6809
      @alexanderleo6809 4 ปีที่แล้ว +32

      Have stop losses and stick to them no matter what

    • @davidweiss9891
      @davidweiss9891 4 ปีที่แล้ว +15

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

    • @alexanderleo6809
      @alexanderleo6809 4 ปีที่แล้ว

      My name is makes sense

    • @andresvalencia3977
      @andresvalencia3977 4 ปีที่แล้ว

      Should he have shorted?

    • @davidweiss9891
      @davidweiss9891 4 ปีที่แล้ว

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

  • @3dkenn
    @3dkenn 5 ปีที่แล้ว +481

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

    • @TechLead
      @TechLead  5 ปีที่แล้ว +303

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

    • @grumpyae86
      @grumpyae86 5 ปีที่แล้ว +5

      TechLead LoL ur dry sense of humor is hilarious

    • @sushilover5367
      @sushilover5367 5 ปีที่แล้ว +1

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

    • @fendermon
      @fendermon 5 ปีที่แล้ว +1

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

    • @sushilover5367
      @sushilover5367 5 ปีที่แล้ว +1

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

  • @JimmyCee123
    @JimmyCee123 3 ปีที่แล้ว +5

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

  • @terryn9450
    @terryn9450 3 ปีที่แล้ว +32

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

    • @nataliegrayhandle
      @nataliegrayhandle 3 ปีที่แล้ว +3

      He didn't close his positions at night right

  • @samuelgoncalves3071
    @samuelgoncalves3071 5 ปีที่แล้ว +156

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

    • @immadivergent7877
      @immadivergent7877 5 ปีที่แล้ว +1

      LOL

    • @pprocon
      @pprocon 5 ปีที่แล้ว +10

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

    • @slupo14
      @slupo14 5 ปีที่แล้ว

      F

  • @MugenTJ
    @MugenTJ 4 ปีที่แล้ว +417

    Feel like I won $350k for having no money to invest.

    • @lightonstillwaters6789
      @lightonstillwaters6789 4 ปีที่แล้ว +28

      You are experiencing that common emotion Germans call Schadenfreude ("damage-joy"), joy at another's misfortune or at avoiding it.

    • @TheBishop12
      @TheBishop12 4 ปีที่แล้ว +1

      LightOn Stillwaters lol nice

    • @limitlessg2605
      @limitlessg2605 4 ปีที่แล้ว

      That is a poor mindset buddy

  • @aimanbryan1424
    @aimanbryan1424 3 ปีที่แล้ว +172

    How I lost 350k... As a millionaire 😏

    • @jacksonwoods723
      @jacksonwoods723 3 ปีที่แล้ว

      Wow
      Such a huge lost

    • @jacksonwoods723
      @jacksonwoods723 3 ปีที่แล้ว

      Write to my manager for assistant

    • @jacksonwoods723
      @jacksonwoods723 3 ปีที่แล้ว

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

    • @timbervandenhul9383
      @timbervandenhul9383 3 ปีที่แล้ว +1

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

    • @youtuber6185
      @youtuber6185 3 ปีที่แล้ว +2

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

  • @SILVERAD0MAN
    @SILVERAD0MAN 3 ปีที่แล้ว +53

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

  • @javansarmiento7151
    @javansarmiento7151 4 ปีที่แล้ว +6

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

  • @jameshans7459
    @jameshans7459 5 ปีที่แล้ว +599

    At least you didn‘t buy Bitcoin at 20K

    • @Sasoon2006
      @Sasoon2006 5 ปีที่แล้ว +191

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

    • @jorjiang1
      @jorjiang1 5 ปีที่แล้ว +57

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

    • @PirateDion
      @PirateDion 5 ปีที่แล้ว +21

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

    • @yaxizhang9455
      @yaxizhang9455 5 ปีที่แล้ว +43

      I bought at 20 k..

    • @tatsuhirosato8646
      @tatsuhirosato8646 5 ปีที่แล้ว +43

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

  • @tzywg3399
    @tzywg3399 3 ปีที่แล้ว +19

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

  • @gtkozik
    @gtkozik 3 ปีที่แล้ว +1

    Thanks for sharing this. That was very insightful.

  • @nayanankmahajan
    @nayanankmahajan 5 ปีที่แล้ว +30

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

  • @NickyCsInnovators
    @NickyCsInnovators 5 ปีที่แล้ว +124

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

    • @dontreadmyprofilepicture5535
      @dontreadmyprofilepicture5535 5 ปีที่แล้ว +1

      Ikr

    • @Ban00
      @Ban00 4 ปีที่แล้ว +2

      Big facts

    • @xckj3776
      @xckj3776 4 ปีที่แล้ว

      Damn that’s good

    • @mfejza0
      @mfejza0 4 ปีที่แล้ว +1

      this is so true

    • @shanti1765
      @shanti1765 4 ปีที่แล้ว +7

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

  • @Michael-gs2uq
    @Michael-gs2uq 3 ปีที่แล้ว +8

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

  • @kronos2227
    @kronos2227 3 ปีที่แล้ว +13

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

  • @bigjava100
    @bigjava100 5 ปีที่แล้ว +39

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

  • @Dizkover
    @Dizkover 3 ปีที่แล้ว +20

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

    • @rmmva
      @rmmva 2 ปีที่แล้ว +1

      Thanks Captain hindsight!

  • @Hotpocketmountiandew
    @Hotpocketmountiandew 3 ปีที่แล้ว +5

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

  • @richpete
    @richpete 3 ปีที่แล้ว +15

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

  • @DadsDomain
    @DadsDomain 4 ปีที่แล้ว +717

    Holding and hoping isn’t day trading

    • @IzhakIb
      @IzhakIb 4 ปีที่แล้ว +25

      Dads Domain it's just a bad trading plan

    • @_Anime_Shortz
      @_Anime_Shortz 4 ปีที่แล้ว +32

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

    • @Nessal83
      @Nessal83 4 ปีที่แล้ว +32

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

    • @_Anime_Shortz
      @_Anime_Shortz 4 ปีที่แล้ว +7

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

    • @Nessal83
      @Nessal83 4 ปีที่แล้ว +16

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

  • @adeelsyed7291
    @adeelsyed7291 4 ปีที่แล้ว +437

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

    • @montyi8
      @montyi8 4 ปีที่แล้ว +33

      And still 4 months to screw up more

    • @AlgoBasket
      @AlgoBasket 4 ปีที่แล้ว

      JomaTech joined the chat!

    • @jonathanhernandez3628
      @jonathanhernandez3628 4 ปีที่แล้ว +1

      Adeel Syed u guys need to leave him alone lmaoooo

    • @rr.geil.j
      @rr.geil.j 4 ปีที่แล้ว +20

      He lost the 350K in 2014 :-)

    • @RoboticusMusic
      @RoboticusMusic 4 ปีที่แล้ว +6

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

  • @febbysety8657
    @febbysety8657 3 ปีที่แล้ว +81

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

    • @markwhite6982
      @markwhite6982 3 ปีที่แล้ว

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

    • @colbyharley9975
      @colbyharley9975 3 ปีที่แล้ว

      @@markwhite6982 cars aren't all just speed

    • @markwhite6982
      @markwhite6982 3 ปีที่แล้ว

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

  • @idraculaa
    @idraculaa 3 ปีที่แล้ว +23

    Who else came here because they just lost a stack of money?! ✨☝️🥲💔

    • @gustavocvieira8584
      @gustavocvieira8584 3 ปีที่แล้ว +3

      Me, I lost 10K, and trying to make sense of reality

    • @gustavocvieira8584
      @gustavocvieira8584 3 ปีที่แล้ว +1

      @She belongs to the skreets not good

    • @Doddiloddy
      @Doddiloddy 3 ปีที่แล้ว

      got tilt and lost 4k

  • @MercifulArchitect
    @MercifulArchitect 4 ปีที่แล้ว +366

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

    • @ikergarcia7794
      @ikergarcia7794 4 ปีที่แล้ว +50

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

    • @slaon1
      @slaon1 4 ปีที่แล้ว +57

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

    • @davidweiss9891
      @davidweiss9891 4 ปีที่แล้ว +20

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

    • @maggotcorps
      @maggotcorps 4 ปีที่แล้ว +16

      DIAMOND HANDS BABY

    • @bigdikdude4207
      @bigdikdude4207 4 ปีที่แล้ว +5

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

  • @egan1499
    @egan1499 3 ปีที่แล้ว +11

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

  • @jasondinning4506
    @jasondinning4506 3 ปีที่แล้ว +1

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

  • @themovez1812
    @themovez1812 ปีที่แล้ว +1

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

  • @areufkingkiddingme
    @areufkingkiddingme 4 ปีที่แล้ว +18

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

  • @hungtu2433
    @hungtu2433 5 ปีที่แล้ว +6

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

  • @levicabahug5482
    @levicabahug5482 3 ปีที่แล้ว +3

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

  • @wtf_usa5597
    @wtf_usa5597 3 ปีที่แล้ว

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

  • @hidden75
    @hidden75 5 ปีที่แล้ว +20

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

  • @samfries363
    @samfries363 5 ปีที่แล้ว +12

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

  •  3 ปีที่แล้ว +16

    The most instructive financial youtube clip you'll see.

    • @benjaminmiller9535
      @benjaminmiller9535 3 ปีที่แล้ว

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

  • @eliza_naomi
    @eliza_naomi 3 ปีที่แล้ว +2

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

  • @norrismasters2629
    @norrismasters2629 5 ปีที่แล้ว +13

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

  • @gardnmi
    @gardnmi 5 ปีที่แล้ว +91

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

    • @fendermon
      @fendermon 5 ปีที่แล้ว +2

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

    • @kennethsinger561
      @kennethsinger561 5 ปีที่แล้ว +6

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

  • @Sigma13X
    @Sigma13X 3 ปีที่แล้ว +6

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

  • @Munrubenmuz
    @Munrubenmuz 3 ปีที่แล้ว +1

    Excellent video and insights. Thank you.

  • @jameslynch4042
    @jameslynch4042 4 ปีที่แล้ว +277

    This video should be required watching for every non-professional thinking about any type of trading. Really interesting

    • @raylax7056
      @raylax7056 4 ปีที่แล้ว +6

      Agreed.... too many ppl with the hot stock tip are bound to lose but I believe TechLead's formulae were also extremely flawed lol to say the least.... you can definitely crush the stock market i did so for 7 years after the recession, but my interest level and studying of it was a lot higher..... TL DR... it depends

    • @grandpied
      @grandpied 4 ปีที่แล้ว +4

      Over ninety percent of people who try day trading lose. Which is true of anybody who try to succeed at anything; playing a musical instrument, going to the gym, marketing, trying to succeed at a youtube channel, trying to write a book, trying to play professional sports. The list goes on and on and on. Day trading sucks like any other job and pays just about as well.

    • @Nnip9
      @Nnip9 4 ปีที่แล้ว +2

      Same happened to me including making money at first - but on a much smaller scale. It hurt just as bad though. Very painful. This is a must watch video by anyone thinking of daytrading or shorting or commodities. Thanks very much for sharing what is a very painful memory. Take away: if a smart guy like Techlead can get hurt this bad so will most of the rest of us. He and I are living proof that less than 10% make money at this consistently. What is the secret?: they're smart and also work at this 12 or more hours a day for years. Yes there are proven exceptions but you are almost certainly not one of them. They also, from time to time, experience heart-stopping losses. Don't do it. Save your hard earned money and focus your efforts on something more enjoyable. Techlead is making money at this but it is a tiny fraction of what he lost.

    • @grandpied
      @grandpied 4 ปีที่แล้ว +1

      I usually don't look at the stock market. But anyone with a MACD, RSI, and Stochastic; could have easily seen the impending 2/21/20 drop. Although they wouldn't have known how far it was going to drop, they surely would have had a great indication that it was most likely going to have at least an average dip. Anyone shorting that daily or weekly chart could have surely captured at a bare minumum a 4,500 point drop and quite possibly more if not all. Even today's 3/24/20 2000+ gain would surely have been entire within the realm of possibility. The stock market seems to be a lot easier than FOREX. Not only that but the recent low ~18,500 was exactly hitting a major support area right where the bull market started at Trump voted into office back in November 2016. Gold is also ~10% up from three day lows. Oil too up around 10%. As is Silver.

    • @Nnip9
      @Nnip9 4 ปีที่แล้ว

      @Angelo Yea. I with you. There is about to be a huge collapse in the stock market. People are being sold on and blinded to the infinite risk of Shorting (you only have to be on the wrong side of a Short for a very little bit of time to lose it all). If you must scratch that itch, buy a cheap out-of-the-money Put option and lose a small fixed amount of money. Small price to pay.

  • @Teigrgwyn
    @Teigrgwyn 5 ปีที่แล้ว +11

    you didn't lose any money, you donated $350k to new and upcoming students helping promote their educative process

  • @Dirgep
    @Dirgep 3 ปีที่แล้ว

    Great video! Your honesty is truly appreciated.

  • @rubikscube6722
    @rubikscube6722 2 ปีที่แล้ว +47

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

    • @GameDevAraz
      @GameDevAraz 2 ปีที่แล้ว

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

    • @sirijanthakur
      @sirijanthakur 2 ปีที่แล้ว +3

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

    • @GameDevAraz
      @GameDevAraz 2 ปีที่แล้ว

      @@sirijanthakur or £10 to £10000

    • @monicas8672
      @monicas8672 2 ปีที่แล้ว

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

    • @matteopani9291
      @matteopani9291 2 ปีที่แล้ว

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

  • @dowiee2694
    @dowiee2694 4 ปีที่แล้ว +670

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

  • @darrenrafel9464
    @darrenrafel9464 4 ปีที่แล้ว +15

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

  • @jeanhibbert
    @jeanhibbert 3 ปีที่แล้ว +1

    Thanks for your honesty. Very interesting.

  • @couga8888
    @couga8888 3 ปีที่แล้ว +43

    Try to beat the S&P for a few years , backtest, record trades, then maybe start swing trading with money you can lose.
    Starting by day trading is like trying to beat a pro tennis player when you never played.

    • @thegreatbenis225
      @thegreatbenis225 3 ปีที่แล้ว +2

      pretty true, from what i noticed is that you gotta lose everything you put in to build the lessons needed to profit consistently. As of this month I am up 123% on my port with the market crashing.

    • @arthurtapper1092
      @arthurtapper1092 3 ปีที่แล้ว

      @@thegreatbenis225 So I've heard multiple times that most investors make more money during crashes then during uptrends. Interesting ...

    • @thegreatbenis225
      @thegreatbenis225 3 ปีที่แล้ว

      @@arthurtapper1092 it is true. Opportunties are built during crashes you just need a little experience to profit off them. you need to understand that saying is meant for after the crash and the bull market starts

    • @Zoazaaa
      @Zoazaaa 3 ปีที่แล้ว

      @@thegreatbenis225 you gained 123% in one month? That's insane! Do you daytrade?

    • @thegreatbenis225
      @thegreatbenis225 3 ปีที่แล้ว

      @@Zoazaaa I day traded high volitile stocks. that's how I did that.

  • @alan2102X
    @alan2102X 4 ปีที่แล้ว +47

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

    • @quiksilver87
      @quiksilver87 4 ปีที่แล้ว +3

      what about paper trading

    • @anarchy1090
      @anarchy1090 4 ปีที่แล้ว

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

    • @jakemayfield4219
      @jakemayfield4219 3 ปีที่แล้ว

      @@quiksilver87 Paper trading is the correct route.

  • @moutonguerrier
    @moutonguerrier 5 ปีที่แล้ว +145

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

    • @MrRobot-gm9cv
      @MrRobot-gm9cv 5 ปีที่แล้ว +4

      Spot on

    • @manictiger
      @manictiger 5 ปีที่แล้ว +20

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

    • @davidfurlano8977
      @davidfurlano8977 5 ปีที่แล้ว +6

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

    • @awesome7401
      @awesome7401 5 ปีที่แล้ว

      @@manictiger you live in the streets lol

    • @manictiger
      @manictiger 5 ปีที่แล้ว +1

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

  • @maha9711
    @maha9711 3 ปีที่แล้ว

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

  • @tahsinamio2639
    @tahsinamio2639 4 ปีที่แล้ว +363

    This guy first loses 350k day trading and then loses half of his net worth in divorce. Techlead definitely not having the best year.

    • @tahsinamio2639
      @tahsinamio2639 4 ปีที่แล้ว +128

      @@timwuu5055 yep loses due to faulty laws

    • @junkerjumbojet9486
      @junkerjumbojet9486 4 ปีที่แล้ว +1

      true, lessons of life.

    • @SoRusted
      @SoRusted 4 ปีที่แล้ว +8

      and moves to live in some basement aparantly from this vid

    • @foraminutethere23
      @foraminutethere23 4 ปีที่แล้ว +7

      Maybe the two are related...

    • @brissoNQ
      @brissoNQ 4 ปีที่แล้ว +2

      Losses cause growth

  • @roary4092
    @roary4092 5 ปีที่แล้ว +139

    Really educational video, thank you for sharing all aspects of life including your failures.

  • @dimbasick
    @dimbasick 3 ปีที่แล้ว +4

    I love this casual background :))

  • @digablecrates1691
    @digablecrates1691 3 ปีที่แล้ว +16

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

  • @claystone7729
    @claystone7729 5 ปีที่แล้ว +8

    Thank you for your honesty. Dust the loss off your feet. Don't give up and you will be successful. Pride and Confidence can be Bad.

  • @stockchartsteve
    @stockchartsteve 3 ปีที่แล้ว +10

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

  • @southfloridamtb8425
    @southfloridamtb8425 3 ปีที่แล้ว

    Thank you for the information and the experience it definitely helps to understand its very risky and anyone can loose their money.

  • @raymonddeflaviis2306
    @raymonddeflaviis2306 3 ปีที่แล้ว +2

    Thanks for your honesty 😘
    I feel better for the moment. 🙂

  • @zmast333
    @zmast333 5 ปีที่แล้ว +7

    Food for thought, it makes you put things in perspective.
    Thanks for sharing.

  • @Glickan
    @Glickan 5 ปีที่แล้ว +19

    Love the video, thanks. I was thinking about starting to do some trading but I see Computer Science/programming as a more valuable skill.

  • @danabraham1589
    @danabraham1589 3 ปีที่แล้ว +9

    I really appreciate your honesty. I hope you managed to gain some or all of your losses.

  • @giannigaez
    @giannigaez 2 ปีที่แล้ว +3

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

  • @alvinalvero2830
    @alvinalvero2830 5 ปีที่แล้ว +6

    I watched a lot of your videos and I think this is one of the best. Respect the TechLead.