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 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
@@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.
@@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.
Successful trading requires a strong mindset. Fear, greed, and self-doubt can hinder performance. By cultivating discipline and confidence, traders can improve their decision-making and achieve better results.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@@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.
@@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.
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...
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 $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.
It's always inspiring to hear from a veteran investor who has weathered the storm and come out on top. When your portfolio turns from green to red, it might be unsettling, but if you have invested in great companies, you should just keep adding to them and stick with your plan.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
Julia Ann Finnicum”is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Sad dude, that's a sick mind to let relative pain decide how you feel. Let your own thinking decide the pain and learnings,. This is how idiots always look for a yard stick to measure their own decisions. You are best a follower, a person who can walk on road made by others.. A wanna be, someone who is a step behind. In other words, avoid stocks
My investment strategy made me 350k$ 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.
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
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
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.
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.
@@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.
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.
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.
@@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.
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...?
@@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.
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.
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.
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.
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.
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@@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
@@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.
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.
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
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,
*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*
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)
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.
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.
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.
@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!
@@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.
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.
The trick to day trading, or trading in general is this: Nobody knows where the stock market will move or what will cause it to move. Nobody on wallstreet knows, no youtuber knows, no finance expert or economist knows. Once you understand that, you can begin your journey on being profitable.
@@maxime_weill The key for constintent profits is actually pretty simple but most of the people won't do it because it actually doesn't pay you much at the beginning, requires a lot of work and also a fair amount of understanding for the market that you're trading. I will give a basic example that many people might have heard of. Let's say that we play a game where I toss a coin. If it lands on tales I give you 1.5$ but if it lands on heads you give me 1$. Would you take the bet? Well....if all you had was 1$ then you shouldn't play the game! But if you had 100$ then you should definitely take the bet 100 times and there is 99.9999% chance that you're going to profit from that. The law of large numbers apply also to the stock market....well in some cases! For example I will talk about forex because that's where I'm comfortable in. When you risk 1% of your capital to make 2% back and you keep doing it consistently, with the right strategy (basic understanding of patterns) you will average a 7.5% profit a month. Some people even have a 20% profit per month. But then again, they risk a bit more. If you want to be a TRADER (not an INVESTOR), then you have to be EMOTIONLESS and PATIENT! 7.5% a month is 75$ if all you have in your account is 1.000$. But remember that it compounds every month if you reinvest the money in. And it can work mirracles in the long run. Suddenly, people don't wanna hear that. They want to hear that by trading in the stock market they will become rich tomorrow! Nevertheless, this guy didn't follow the principles of NO MORE RISK THAN 1-3% OF YOUR CAPITAL PER TRADE. He lost 50k a day, which means he risked a large percentage of his capital. He traded also in the commodities market where I know not much about. He will make the money back though, he's a millionaire. You can become anyone you want to be by having a plan and by sticking to it. You have to be patient as well! I can suggest you some books to read if you want.
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!
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!!
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.
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...
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.
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).
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.
Thank you for this video. I only have about $50,000 to my name. I invested it all into the stock market in October. today I finally cut my losses when I realize that the market's never going to get back to what it was anytime soon I need my money in my savings account so I can gave up to buy a house instead. I lost about $15,000 which is nowhere near what you lost but relative to what I have, feels like I've lost everything. Video made me feel better thank you
In my experience the toughest part about daytrading is leaving the emotions out the door especially the mentality of getting rich quick and not to get tilted to the point where you're over trading
i don't get the emotional part... I've never felt scared of losing an opportunity and I don't put much money into low liquidity trade. the most emotional I've felt was when I tried binary option, that was horrible and impossible to win
@@zachwen8922 yep. Not to mention they look at how much $ they are making so quickly. When a professional looks at % growth. Too much growth too quickly is a bad sign, a pro looks for steady and sustainable growth unlike all these TH-cam knobs
@@stonedfish99 It's a bad sign generally speaking - then again, there are traders out there who are skilful enough to make huge %'s returns in short periods of time. It all depends on your strategy.
@@mikebasketball11 Very true. My monthly average % gain is 13% (Calculated from gains made from April 2018 - Current) which I'm happy with, but I know many people who can wack away at 20-30% a month. A lot of them have very deep pockets however so they can sustain very big losses!
Wow this video was long. Here is an advice to people: 1) Buy and Hold 2) Buy ETF's, wide as possible, as diverse as possible 3) Get the lowest MER as possible 4) Frequent trading has costs 5) The stock market was meant to own shares and not to gamble 6) Winners stay in the long-run
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
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.
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.
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.
@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.
"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!
I am a day trader/ swing trader hardest thing i ever done. I cut losses fast. The biggest thing is volume and price along with lines. Knowing patterns is important also.
Also a secret oversold swing plays. Money flow index and stochastics use when they bottom example .Look at $AMTD crushed with the new 0 commissions. Could of bought at 33.00 now 36.00 ....Stock trading is emotions and fear. People sold thinking it was the end of the world and it was not.
I swing trade, and rarely ever day trade and have never incurred a serious loss because I am diversified, I reinvest my dividends, I buy more when a healthy stock's price drops and always hold until the price recovers, if I have to. Don't leverage anything people, it's like using a simulator, you will care much less if you're thinking it's free money to play with. Lastly, I "play" with the non-penny stocks, ETFs, REITs, etc. With a medium to long term strategy and will sometimes swing/day trade on news or repeating obvious cycles in the share price from week to week. If it were easy to or safe to day trade penny stocks with leveraged money people all over would be doing it, and that's just not the case.... I'd say it's even safer tossing that 350k into the real estate market.
@@outerspacern How about selling before it goes back down so you won't have to recover just buy at the dip all o er again. 😃 I know that takes more effort but so worth it.
i dont get how u spend a year learning and then buy gold or silver... or stocks that are down trending. he didnt even really have a strategy i dont get this guys mindset. way too risky
Thanks for 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.
This is very misleading - by your own admission and evidenced in your own documentation you held onto these stocks for years at a time. This is not day trading this was an investment that went bad.
I'm a software guy who also did stocks, and my experience is shockingly similar to TechLead. I stopped buying individual stocks, and am just buying index funds (for now). Listen to this guy, there is a lot of wisdom here.
I got liquidate twice today incase you think futures trading is as easy as traders post about it. The risk involved is too high and some time SL won't work.
Long term is the goal. The entire cypto market is going through a phase and it's time for many person to buy cheap but as expected some who bought bitcion at $60,000 will sell off now at loss for $39,000 and then rebuy when it's back to $65,000. Understand the market cycle Guys!!! That's what my advisor always say.
@TrueDepth if you can make money with it then great, keep on doing that. But good luck keeping that up with it
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lol "fibonacci ' you don't need that; " its fucking everywhere in nature. but ok dude. I can watch a fib retrace after a 3 month period ... and watch it accurate to the cent. but ok bud. keep sideline talking. I love off this game.. step aside
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I lost a few years of my life and around $150K daytrading. I can certainly agree that I didn't learn anything useful from this mistake. However, knowing myself, I also realize that there was no way I could've NOT done it. Call it whatever you want, but whatever "tricked" me into daytrading - the same thing let me bounce off the rock bottom and eventually get ahead of those who did not fall to the temptation. Would I be better off today had I not made this mistake? Probably. But then I would be killing myself thinking that I missed something non-ordinary. In this sense, I say, this mistake was unavoidable and thus not a mistake at all.
My GOD man...PAPER TRADE! gotta document those strategies with sim platforms first my friend. I papertraded for about a year before going live and still years later I'll fire up the sim account when tweaking my strategy. Phew- sorry to hear about your loss, honestly couldn't imagine. I started from hundreds and built my account from peanuts lol...one things for sure when starting small, when you've put in the work and have finally built a decent nest egg, you're brainwashed into trading defensively. Best of luck though, I hope it didn't end your trading career...it was just an expensive lesson is all!
@@AKthehardway907 I paper traded for over a year and still managed to lose over 10K. The odds are always against you, no matter how smart you think you are. The stock market is completely irrational and unpredictable! Traders are big emotional babies. A company may report record earnings and yet their shares will tank at the open because another company in the same sector took a hit.
@@gnosis7662 oh believe me I'm fully aware of the market risks, and I've paid for those lessons. And also remember having similar issues you're referring too trading equities...that's why I dont even look at them. I have 6 stocks I play regularly with a few on the side I watch for set ups,and that's it. And learning to hedge will protect your account. I was literally in a losing trade with oil about 3 weeks ago, candles looked shaky, picked up a hedge position, and volleyed between the two positions until closing my losing trade and rode the hedge up...a losing trade...profited a little over 600 bucks. Literally its strategy with a solid back up plan. It's not 10s of thousands a week by any means, some trades go stale and trade sideways for hours or days and I'll walk away with enough to cover commissions for the week, aside from that I skin anywhere from 1-2k a week
Sounds like you didn't have a trade plan and you were camping out on your positions for two long. With proper risk management you can loose 50% of the time as long as your wins are bigger than your looses.
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Day Trading is buying and selling the same stock on the same day. But your tax returns shows most stocks were bought in 2011 and sold in 2014 which is a few years... And when you want to test a day trading strategy, you use a simulator to trade paper money until you can get good at it.
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act.webull.com/k/S4oOH2yGOtHk/main
Nice, the Techlead knows how to capitalize on the trends.
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.
if you shorted on march 1, you would of make millions.
@@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
got any tips on small cap tech or software companys worth holding? thanks
I lost 100k and my wife divorced me... so a gain after all.
Scores! Happened to my brother...Dad said that is the best 200lbs you will ever lose roflmao
soving Your dad is a boss for that comment! You are lucky!
@@stanislavjirak2894 still married?
@@quepadrequemadreeducadores7237 Nope, I'm single.
@@stanislavjirak2894 so... still a lot to gain and loose...
Well this makes a nice change from the usual "I made $300k day-trading" YT spam.
It's legit gambling
@@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.
@@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.
@@samuelson4244 Yeah. Agree.
4m4n it’s not gambling, it’s some luck but if u get good with indicators u can average a little above negative
You are probably one of the most successful unsuccessful successful person on youtube
Developer Abz hahahaga
while (alive) {
be_successfull():
suffer_setback();
}
😂😂😂 that was good. His minor failures are peoples lives. Love this guy
@@math_person Error: you're missing a semicolon
So he's successful at being a success unsuccessfully?
Successful trading requires a strong mindset. Fear, greed, and self-doubt can hinder performance. By cultivating discipline and confidence, traders can improve their decision-making and achieve better results.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@@PatrickLloyd- This is all new to me, where do I find a fiduciary, can you recommend any?
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Day-trading is the hardest easy money you'll never make.
Yeah people need to learn day trading isnt a thing noone makes money in there
@@eligijusan9132 i wonder where my millions came from then
@@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.
@@thegreatbenis225 from gta 5
@@unggoytrader yup its an awesome way to create wealth but takes skill to master
It takes guts to admit this. Techlead, you've earned my respect.
subscribe to /r/wallstreetbets
@@dtmt502 Always representing the best subreddit. It literally can't go tits up.
-- A fellow WSBer
More money is lost trying to fix poverty.
Totally agree!
Even in his failures he's succeeding.
"Show me the chart and I'll tell you the news."
Trading by news is the rookiest mistake ever.
Respect for the honesty.
Its true..
By the rumor sell the news
You're probably broke stfu
trade the rumour, sell the news
@@Josh-nc6nt no need for that
"80% of day traders end up in the negative" -Dave Ramsey
True, and the rest of 20% who are positive actually can’t beat index fund.
Thats main reason for that statistic is that 80% of day traders end up quitting after one year.
More like 90%, 9% make so-so profit - sometimes win sometimes lose, 1% take all the profits
@@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.
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...
Is that why you are sitting in a wooden shed now ?
😆
it's quite a cozy little place isn't it? I have a bit of insulation in the walls too.
From tent to wooden shed. Actually he could achieve it as standard warehouse worker at Amazon.
Safe space...
Lol
Actually dude, "I just lost $350k in the stock market" is GREAT dinner conversation. You've got the wrong friends.
I'm willing to help with my ANT trading strategies
"And it was actually more than that" lool
@@kevintruong8171 yup hope i can help you too
i lost 3k day trading and feel devestated
@@nehankaranch2149 i can help you brad
You didn't respect the StockLead. that's what happened.
LOL!
LOL!
LOL!
LOLOL!
Lol that was funny.
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.
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.
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.
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.
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.
can we have more infos?
My investment strategy: Buy high, Sell low.
You, me and billions of others.
Me..Bought bitcoin at 20k,,sold at 6 k
Ahh yes the good old wish in one hand shit in the other & see which fills up faster!
Sounds easy, challenge comes when you want to identify the "high" and the "low". How do you identify?
If I make this my legit strategy I'll probably end up making money, knowing my luck
Whenever I lose money I watch this and feel a little better
Did btc take you here?
@Timo Klein of course, I'm a bitcoin believer. BTC FOREVEER
This hits hard, just like my stop losses
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
LMAAAO
Respect the Tech Lead because he is honest with his viewers!
I respect the Tech Lead because he is the Tech Lead.
Don’t just respect, OBEY! B-)
@Marcello Bergonzoli BULLSHIT.
This comment did not age well.
You know it's real stuff when he’s living in a wooden shack
I didn’t even notice that 🧐
Naw hes hiding it from his wife she dont know yet so hes in the shed shooting the video
@@eastsidecryptoguy8986 😭
💀💀🤣
As a millionaire
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.
So you made $0?
@@Crimulous That's the joke
I think that the investment strategy is not to trade....
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)
Boby Gandhi and that’s how u don’t retire. U should invest just not day trade
The fact that you had $350K to invest is impressive.
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
Sblinger ouch....
not really, hes chinese
@@jamess9808 Well, i wish i was part Chinese then :-)
LMAO
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.
Kevin Seok if you don’t mind me asking, what kind of companies were you investing in?
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
Kevin Seok put all your money into VTIQ thank me later I just put 50k into that
Erick great rise today but like i said no more of this :)
I lost 5k on SQQQ not long ago. 3X of fun but damn hit my stop loss and exited no more gambling for me.
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.
"It's just not good dinner conversation material" lol
Classic TechLead moment
It probably is. Everybody would say “sorry to hear that” but laugh inside.
Moral of the story: no matter how convinced you are of being right....always have tight stops.
Yep and dont try to time the market. if it goes down it goes down.
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.
@@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.
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...
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.
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.
@@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.
THIS!
@Chinh Duc Exactly, even those who we consider as extremely successful have failed more than we can count with our fingers.
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...?
@@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.
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.
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.
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.
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.
@@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.
@@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.
The most expensive school is the stock market.
Stock market: I'm the most expensive school Eva!
Bitcoin: HOLD MA BEER
I think college is the most expensive school
College is way more expensive
Yup
@@lucavalentine2535 really? Did you spend 300k on a years learning like this guy? Lol
"Money can be gained and money can be lost. Don't bet on being able to keep that money forever. -- TechLead"
-- TechLead
by TechLead from the TechLead
@@guillaumebrizolier8777 starring the techlead
Warren Buffet has join the chat
@@tdreamgmail WB plays the long game, not day trades. rule 1 dont lose money rule 2 obey rule 1
I heard a genius said this
At least you didn‘t buy Bitcoin at 20K
At least he did not buy pizza for 10,000 bitcoins
@@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
@@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.
I bought at 20 k..
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.
You know things have gotten serious when 'as a millionaire' postfix is absent from the title
Haha😂
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
LOL
Samuel Gonçalves if you’re really successful in trading, you won’t need or want to teach others.
F
Rip thats more than my networth
Great interview at CS Dojo, your honesty was very refreshing, wish you the best.
Hahahah
Joma Joma Joma Joma Joma Joma Joma Joma
Only if you didn't sell your cryptocurrency
I'm going to think about myself in terms of how many Joma's I'm worth.
"I kept believing that maybe it would go up." Let that sink in deeply.
Have stop losses and stick to them no matter what
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,
My name is makes sense
Should he have shorted?
@@andresvalencia3977 no he should have bought put options spreads. Shorting is for amateurs😘😘😷🤶❤
*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*
Holding and hoping isn’t day trading
Dads Domain it's just a bad trading plan
Day trading is closing your position at the end of the day not leaving them for months?
@@Olafisoyem yes day trading is closing all your positions at EOD
A L thank you for that answer that means he really wasn’t day trading.
@@Olafisoyem he probably meant that he was a swing trader.
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!!!!!!
He probably thought setting a stop loss would make him lose money when maybe it went down but it went back up afterwards
@@ikergarcia7794
That situation would be failing to make money, not losing money. Always protect profit, risk management and stop loss is life
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)
DIAMOND HANDS BABY
I have a feeling you have never heated of r/wallstreetbets
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.
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.
Thanks Captain hindsight!
Lost 350k, wife left you and got fired from Facebook. TechLead not having the best 2019.
And still 4 months to screw up more
JomaTech joined the chat!
Adeel Syed u guys need to leave him alone lmaoooo
He lost the 350K in 2014 :-)
The female Caucasian rainbow flag employees were probably waiting to stick it to an asian male.
You’re trading against the same bot that published the news.
Spot on
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.
manictiger glad you posted these. I was just going to post a similar response. I’m also trading full time. 🤙
@@manictiger you live in the streets lol
@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!
I lost $500 and cry at night thinking how many burgers pizzas and cake's I could have had 😔😔
Why did you lose the money?
I just lost $5,000 in the stock market last month. But I am still in the Game!
@@AndiCatAnimation damm
@@jimzegarra861 you want to keep losing more?
I lost almost 9.5k in pokies and i was thinking the same..gambling is gambling
zero risk management is written all over the video
The gold was his risk management he just was not smart enough to hold on to it smh 🤦🏽♂️
@@Erk0806 i guess from the price of roughly $1295/oz (when he said he started this) to when he did this video $1320/oz would be risk management???
so true
Glad you stop playing in the stock market. Otherwise, you might have to intro yourself as the "DebtLead".
Hi and welcome to coffee time with the debtlead. actually today it's just tap water.
TechLead LoL ur dry sense of humor is hilarious
@@TechLead u need to understand and correctly predict how the global macro-economy is trending to make profits as a small investor.
@@sushilover5367 Warren B. *always* says he can't predict markets; are you better than him?
@@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.
"Time in the market is better than timing the market." It's corny but true.
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.
"Until the markets crash"?
They always crash and then rise again...
That's not day trading, it seem you were swing trading.
He didn't close his positions at night right
He didn't even know he wasn't day trading 😂
Good things are:-
1. You had 3.5 amount to invest
2. You are still Alive
3. You are full of Courage to tell others
mahi mahi maaahi
If you can't make money with $1000 your can't make money with $350,000
Ikr
Big facts
Damn that’s good
this is so true
True but no true at the same time
You have 350 more chances with 350,000$ than 1000$ to learn and grow lol
The trick to day trading, or trading in general is this: Nobody knows where the stock market will move or what will cause it to move. Nobody on wallstreet knows, no youtuber knows, no finance expert or economist knows. Once you understand that, you can begin your journey on being profitable.
Matt A absolutely correct
Well said!
So how can you reliably gain money like some people do?
@@maxime_weill That is a very good question! When you figure this little trick out, you can gain a lot of money from the market.
@@maxime_weill The key for constintent profits is actually pretty simple but most of the people won't do it because it actually doesn't pay you much at the beginning, requires a lot of work and also a fair amount of understanding for the market that you're trading.
I will give a basic example that many people might have heard of. Let's say that we play a game where I toss a coin. If it lands on tales I give you 1.5$ but if it lands on heads you give me 1$. Would you take the bet? Well....if all you had was 1$ then you shouldn't play the game! But if you had 100$ then you should definitely take the bet 100 times and there is 99.9999% chance that you're going to profit from that. The law of large numbers apply also to the stock market....well in some cases!
For example I will talk about forex because that's where I'm comfortable in. When you risk 1% of your capital to make 2% back and you keep doing it consistently, with the right strategy (basic understanding of patterns) you will average a 7.5% profit a month. Some people even have a 20% profit per month. But then again, they risk a bit more.
If you want to be a TRADER (not an INVESTOR), then you have to be EMOTIONLESS and PATIENT! 7.5% a month is 75$ if all you have in your account is 1.000$. But remember that it compounds every month if you reinvest the money in. And it can work mirracles in the long run. Suddenly, people don't wanna hear that. They want to hear that by trading in the stock market they will become rich tomorrow!
Nevertheless, this guy didn't follow the principles of NO MORE RISK THAN 1-3% OF YOUR CAPITAL PER TRADE. He lost 50k a day, which means he risked a large percentage of his capital. He traded also in the commodities market where I know not much about. He will make the money back though, he's a millionaire.
You can become anyone you want to be by having a plan and by sticking to it. You have to be patient as well! I can suggest you some books to read if you want.
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!
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!!
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.
what about paper trading
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...
@@quiksilver87 Paper trading is the correct route.
I lost €200K in 2008-2009, but at the annual salary of €20K... From the top to the negative because of leverageing!!
Ildar S greed
Omg , how?
How I lost 350k... As a millionaire 😏
Wow
Such a huge lost
Write to my manager for assistant
+1.. 6.. 5.. 0.. 3.. 0.. 0.. 8.. 1.. 2.. 4
Its like one of us saying i lost 5k lol. Still really sucks for him though.
@@jacksonwoods723 350k is 35% of a million... I think it was a lot to him to loose
90/90/90 rule: 90% of sole traders lost 90% of their capital in the first 90 days of trading.
Finally someone that share all they history and not only the good part of it
ya...so many of these financial "experts" only show their wins and hide their losses
I feel like you wanted to be good at trading more than you wanted the money.
Thank you for posting the most “human” video. I lost $250K in the stock market in 2021 and I’m still trying to stomach that loss
Don't enter the market with such cash, Just go from £100 to £10,000 rather then depositing so much cash which unless true success is given to you, You will most likely lose it. Success has to be given.
I lost 2700$ in a day xD, its so risky man
@@sirijanthakur or £10 to £10000
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).
@@toromontana8290 why shouldn't i just buy ETFs? They sound pretty secure
350k??? I would have had a mental breakdown for real
Not if you had 2 millions left... Guy s rich.
Only invest what you are willing to lose. Had he had a lot more in the bank
@@jeanlenor1858 yes he is and he went for that gamble, to make it 10 times more :-)
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.
Thank you for this video. I only have about $50,000 to my name. I invested it all into the stock market in October. today I finally cut my losses when I realize that the market's never going to get back to what it was anytime soon I need my money in my savings account so I can gave up to buy a house instead. I lost about $15,000 which is nowhere near what you lost but relative to what I have, feels like I've lost everything. Video made me feel better thank you
"He doesn't want a lambo because he already lost one"
Lamborghini nice but porsche 911 turbo s will put it to shame
@@markwhite6982 cars aren't all just speed
@@colbyharley9975 you are right but in my opinion the 911 turbo has it all! And yes I have drivin alot of cars including lambos and porsche!
You made me feel better. I lost 3-4k in crypto and thought it was bad. Couldn't imagine losing 350k. I guess it's all relative.
I lost 600$ and I felt like shit.
This is around 3k in my currency so it's kind of the same shit.
It really hurts.
Get back in quick
It’s impossible to lose in crypto. Unless you sell then that’s on you
In my experience the toughest part about daytrading is leaving the emotions out the door especially the mentality of getting rich quick and not to get tilted to the point where you're over trading
Very much so, eliminating emotions win or lose is hard to overcome.
i don't get the emotional part... I've never felt scared of losing an opportunity and I don't put much money into low liquidity trade. the most emotional I've felt was when I tried binary option, that was horrible and impossible to win
I can buy that
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.
“How I lost $350,000 daytrading, and why I live in a shed now” could be a title for a book
I needed that laugh!
she shed
@@nickfromyuma1691 underrated comment
I'm willing to help with my ANT trading
I know a gazillion people who enter the share market and make money. Then they get confident put a lot of money and lose everything.
Murdered by emotions
yup, akin to gambling
@@zachwen8922 yep. Not to mention they look at how much $ they are making so quickly. When a professional looks at % growth. Too much growth too quickly is a bad sign, a pro looks for steady and sustainable growth unlike all these TH-cam knobs
@@stonedfish99 It's a bad sign generally speaking - then again, there are traders out there who are skilful enough to make huge %'s returns in short periods of time. It all depends on your strategy.
@@mikebasketball11 Very true. My monthly average % gain is 13% (Calculated from gains made from April 2018 - Current) which I'm happy with, but I know many people who can wack away at 20-30% a month. A lot of them have very deep pockets however so they can sustain very big losses!
Wow this video was long.
Here is an advice to people:
1) Buy and Hold
2) Buy ETF's, wide as possible, as diverse as possible
3) Get the lowest MER as possible
4) Frequent trading has costs
5) The stock market was meant to own shares and not to gamble
6) Winners stay in the long-run
7) Invest in your own businesses instead.
Exactly gold went up like crazy he should have hold
you are spot on. no reason to day trade, its fools gold.
This video should be required watching for every non-professional thinking about any type of trading. Really interesting
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
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.
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.
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.
@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.
"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!
I am a day trader/ swing trader hardest thing i ever done. I cut losses fast. The biggest thing is volume and price along with lines. Knowing patterns is important also.
Also a secret oversold swing plays. Money flow index and stochastics use when they bottom example .Look at $AMTD crushed with the new 0 commissions. Could of bought at 33.00 now 36.00 ....Stock trading is emotions and fear. People sold thinking it was the end of the world and it was not.
I swing trade, and rarely ever day trade and have never incurred a serious loss because I am diversified, I reinvest my dividends, I buy more when a healthy stock's price drops and always hold until the price recovers, if I have to. Don't leverage anything people, it's like using a simulator, you will care much less if you're thinking it's free money to play with. Lastly, I "play" with the non-penny stocks, ETFs, REITs, etc. With a medium to long term strategy and will sometimes swing/day trade on news or repeating obvious cycles in the share price from week to week. If it were easy to or safe to day trade penny stocks with leveraged money people all over would be doing it, and that's just not the case.... I'd say it's even safer tossing that 350k into the real estate market.
@@outerspacern How about selling before it goes back down so you won't have to recover just buy at the dip all o er again. 😃 I know that takes more effort but so worth it.
You literally sound like every other amateur saying "I daytrade".
Looks more like you did swing trading than day trading.
swinging it the opposite way
Angry HD you gotta know when to let go.
i dont get how u spend a year learning and then buy gold or silver... or stocks that are down trending. he didnt even really have a strategy i dont get this guys mindset. way too risky
“Diversification” *puts all of his money in commodities*
Mitsuko Megumi lol
👍🏻
Genius
Needed more gold! :P
350k was not all his money
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.
This is very misleading - by your own admission and evidenced in your own documentation you held onto these stocks for years at a time. This is not day trading this was an investment that went bad.
People think day traders are people who trade as a hobby. This is wrong. Day traders are people who buy a stock and sell it within the market close.
That was my first thought. This is beyond even swing trading
That's true. But still, the part in which he said that you are also competing against machines when day trading is also a big fact to not overlook.
@@meteogold6761 Techlead said he even built trading bots, but still didn't make money. Maybe he was competing against the very machines he built?
@@goodtwogo you do realize that people that try to do algotrading fail most of the time, right?
You forgot to add "as a millionaire" in the title
*Multi-, multi-millionaire
i mean isn't that obvious? how else could you lose 350k if you're 'poor' ?
@@FrankHoneycord imagine losing a leveraged 350k.
@@FrankHoneycord margins?
*as an ex-millionaire Tech Lead
I'm a software guy who also did stocks, and my experience is shockingly similar to TechLead. I stopped buying individual stocks, and am just buying index funds (for now). Listen to this guy, there is a lot of wisdom here.
I make a living day trading
"over a long period of time.."
Wait.. I thought we were talking about day trading?
Day trading and losing most days over a looooooong time.
But that’s not really day trading.
This guy first loses 350k day trading and then loses half of his net worth in divorce. Techlead definitely not having the best year.
@@timwuu5055 yep loses due to faulty laws
true, lessons of life.
and moves to live in some basement aparantly from this vid
Maybe the two are related...
Losses cause growth
I got liquidate twice today incase you think futures trading is as easy as traders post about it. The risk involved is too high and some time SL won't work.
It's funny if you didn't set signals you might get liquidated before you even go and close the market lol that hurts.
Long term is the goal. The entire cypto market is going through a phase and it's time for many person to buy cheap but as expected some who bought bitcion at $60,000 will sell off now at loss for $39,000 and then rebuy when it's back to $65,000. Understand the market cycle Guys!!! That's what my advisor always say.
@@PînnêdbyTRÂDÊACHÎEVÊRS who is your advisor? if you don't mind me asking i have met lots of professional claiming to what they are not.
The market does not care about your feelings. it can give you money or give you lasting pain. Trade like a soldier.
@@lindseycarey6163 Vanessa Clark that's her name.
INVESTING PROTIP: Don't gamble on leverage.
That's the takeaway lesson here.
Since every single stock move is gamble nowadays, couldn't you simplify your statement and make it simply: "Don't leverage".?
leverage is fine, just dont do it if your purely speculating one way
Tell that to Warren Buffet
Warren Buffet doesn't play this game. He has always invested in companies, not "the stock market". There is a big difference between the two.
@@andrestone what do you mean?
Looking into trading but it scares the shit out of me. It is hard for me to understand. Much tougher than programming
Pretty easy. Haven’t you played runescape
You are gonna learn a shit load about your emotions let me tell you. There is not a feeling in the world like overleving (in my case bitcoin).
Open an account for practicing. Use it for a month or 2 and practice. Then you can see if it works for you or not.
Dont trade. Own.
@Roy Cohn but 8 years a long time to see your account grow .
"What has losing taught us, son? Never even try." -- Homer Simpson
Day trading is a fool's game. Don't even try it.
@@blessedandpeacefulnah
"Trying is the first step forward failure" - Homer Simpson
@@blessedandpeaceful *day trading without emotional balance, a real technical strategy, and consistent stop loss management.
Awesome video, sounds like you were all over the place trying so many strategies.
You’ve been through some tough times! Props for hanging in there and staying positive
Fibonacci, Bollinger bands, you don't need them. Always have stop loss, sell at a pre determined percentage of profit. Cut losses quick
@TrueDepth I don't need it personally
@TrueDepth ehhhhhhhhhhh
@TrueDepth if you can make money with it then great, keep on doing that. But good luck keeping that up with it
lol "fibonacci ' you don't need that; " its fucking everywhere in nature. but ok dude. I can watch a fib retrace after a 3 month period ... and watch it accurate to the cent. but ok bud. keep sideline talking.
I love off this game.. step aside
so what if its in nature.. its not magic. fib traders are delusional
you didn't lose any money, you donated $350k to new and upcoming students helping promote their educative process
*UniversalDispute* proactive approach to education and prevention is instrumental in helping clients safeguard their assets. They offer workshops, seminars, and resources designed to educate individuals and businesses about the risks of asset loss and the steps they can take to protect themselves. This proactive stance not only helps prevent future incidents but also empowers clients with the knowledge and tools to manage their assets more effectively. By fostering a culture of awareness and preparedness, UniversalDispute contributes to a more resilient and secure community.
This actually sounds like a really good topic to talk about over dinner.
He actually never followed technical analysis which only follows price. He was mixing macro and fundamental analysis
I lost a few years of my life and around $150K daytrading. I can certainly agree that I didn't learn anything useful from this mistake.
However, knowing myself, I also realize that there was no way I could've NOT done it.
Call it whatever you want, but whatever "tricked" me into daytrading - the same thing let me bounce off the rock bottom and eventually get ahead of those who did not fall to the temptation.
Would I be better off today had I not made this mistake? Probably. But then I would be killing myself thinking that I missed something non-ordinary.
In this sense, I say, this mistake was unavoidable and thus not a mistake at all.
And I was feeling depressed after losing 250 dollars 😅
Edit: Now I lost 1,100$ 😣. I'm done day trading for good
My name is 😂😂😂😂
My name is same dude 😂😂
It’s all relative
I started with 50 like a week ago and i lost 10 dollars and now I'm sad 😂
😂😂😂i was down 4k n met a guy at my job that lost 3mil😂😂😂
Who else came here because they just lost a stack of money?! ✨☝️🥲💔
Me, I lost 10K, and trying to make sense of reality
@She belongs to the skreets not good
got tilt and lost 4k
I did the same, thank you for sharing🤔I don't think my wood shed I ended up in was as nice as yours😉
I had an extremely similar story but with 120k. I went insane trying to figure out the unicorn pattern to becoming a millionaire.
Did that set you back pretty hard? Just curious, that's a lot of money..
@@WikiPeoples Well my whole family pretty much pitched in including myself but my mother is well off and I'm just paying back my sister as we speak.
My GOD man...PAPER TRADE! gotta document those strategies with sim platforms first my friend. I papertraded for about a year before going live and still years later I'll fire up the sim account when tweaking my strategy. Phew- sorry to hear about your loss, honestly couldn't imagine. I started from hundreds and built my account from peanuts lol...one things for sure when starting small, when you've put in the work and have finally built a decent nest egg, you're brainwashed into trading defensively. Best of luck though, I hope it didn't end your trading career...it was just an expensive lesson is all!
@@AKthehardway907 I paper traded for over a year and still managed to lose over 10K. The odds are always against you, no matter how smart you think you are. The stock market is completely irrational and unpredictable! Traders are big emotional babies. A company may report record earnings and yet their shares will tank at the open because another company in the same sector took a hit.
@@gnosis7662 oh believe me I'm fully aware of the market risks, and I've paid for those lessons. And also remember having similar issues you're referring too trading equities...that's why I dont even look at them. I have 6 stocks I play regularly with a few on the side I watch for set ups,and that's it. And learning to hedge will protect your account. I was literally in a losing trade with oil about 3 weeks ago, candles looked shaky, picked up a hedge position, and volleyed between the two positions until closing my losing trade and rode the hedge up...a losing trade...profited a little over 600 bucks. Literally its strategy with a solid back up plan. It's not 10s of thousands a week by any means, some trades go stale and trade sideways for hours or days and I'll walk away with enough to cover commissions for the week, aside from that I skin anywhere from 1-2k a week
Sounds like you didn't have a trade plan and you were camping out on your positions for two long. With proper risk management you can loose 50% of the time as long as your wins are bigger than your looses.
"as long as your wins are bigger than your looses" I like that!!!
The most instructive financial youtube clip you'll see.
.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-.
Have you spent more than $350,000 on coffee yet? Dollar cost average, buy and hold a diversified portfolio, get rich slowly.
350k is just a 10% loss for him.. so he still has 3,150,000 left in the bank
How do you know?
@@SnowbunnyMaga its a joke
There is a reason that Poker players that are sick of the insane variance tried Day Trading ... and then soon returned back to Poker!
You didn't lost the money. You supplied liquidity to the market.
Day Trading is buying and selling the same stock on the same day. But your tax returns shows most stocks were bought in 2011 and sold in 2014 which is a few years...
And when you want to test a day trading strategy, you use a simulator to trade paper money until you can get good at it.