The Truth About "Trading Gurus" From a Hedge Fund Manager
ฝัง
- เผยแพร่เมื่อ 28 พ.ค. 2024
- Patrick Boyle is a hedge fund manager at Palomar Fund, author, university professor and former investment banker with over a decade of experience.
In this video we talk trading gurus, fake gurus, reasonable returns, the 2% delusion, Tim Sykes, Day Traders, Jeff Bishop and Jason Bond...Is making money online with day trading reasonable in 2020?
PATRICK’S TH-cam CHANNEL
/ patrickboyleonfinance
Reading List:
Victor Niederhoffer, Education of a Speculator (1998) amzn.to/3ddWAEG
Jack Schwager, Market Wizards Series amzn.to/3a89diH
Jack Schwager, Market Sense And Nonsense (2013) amzn.to/2wpaHXb
Nassim Nicholas Taleb, Fooled By Randomness (2007) amzn.to/2x9yI4G
Victor Niederhoffer, Practical Speculation (2004) amzn.to/33BZChr
Edward Thorp, A Man for All Markets (2017) amzn.to/2QhTKUJ
Gregory Zuckerman, The Man Who Solved the Market (2019) amzn.to/3de8ej3
Dimson, E., Marsh, P., and M. Staunton, Triumph of the Optimists: 101 Years of Global Investment Returns (2002) amzn.to/3djC6dR
Roger Lowenstein, When Genius Failed (2001) amzn.to/3dgQWS5
Howard Marks, The Most Important Thing (2011) amzn.to/2IZPIge
Frank Partnoy, F.I.A.S.C.O. (1999) amzn.to/2x9zpLk
Michael Lewis, Liars Poker (1989) - The Big Short (2010) amzn.to/2xd6hmp
Burton Malkiel, A Random Walk Down Wall Street (2007) amzn.to/33xVlvL
Roger Lowenstein, Buffett: The Making of an American Capitalist (2008) amzn.to/2UpUSr3
Phil Knight, Shoe Dog (2018) amzn.to/2QnIvdw
Ray Dalio, Principles (2017) amzn.to/2YqY9cA
Patricks' Books:
Statistics for Traders: amzn.to/3eerLA0
Financial Derivatives: amzn.to/3fq8Bao
Corporate Finance: amzn.to/3fn3rvC - บันเทิง
Hi Steven, it was great fun talking with you this morning. Hopefully your viewers will enjoy our conversation. PB
Thank you both for the great conversation. Please get a link to your channel added in the description!
Subscribed! Going to binge watch your channel this weekend!
@rrobertt13 I guess you're just trolling or perhaps I wasn't clear. I just intended to be helpful so others don't have to trawl through the comments to find the guests channel.
Thanks for the real insights, Patrick.
this was an awesome interview, you should start a podcast
Of course the guy that knows stocks very well would look like the STONKS man
Haha. Go up
😂😂😂😂😂😭
Lmaoooo
Lolololololilolilololollmaooooo X1000000000 LOLOL
GODAMIT THE SIMILARITY IS UNCANNY
Patrick makes the killer point: If you had a goose that laid gold eggs, why do you need to share it?
Especially if the eggs are limited.
Maybe it's too expensive to buy on your own, and the eggs get bigger with more people owning/tending to it?
And charge $4,000 membership
Not necessarily, many valid successful traders have good will too
@@nayanmipun6784 Goodwill? nonsense. It's to profit in some way or another, whether by image or money.
What is so nice is that around the 50 min mark Coffeezilla says the Patrick's TH-cam channel with only 5k of subscribers is criminally under-rated versus the fake gurus... and 3 years later Patrick has over 500k subscribers. The cream eventually rises to the top, the grind pays off, the genuinely knowledgeable surpass the fakes. 👍
While I'm watching videos about scams, TH-cam is showing me advertisements from scammers 🤣🤣
Same here!...
I am surprised you aren't using the Brave browser to watch TH-cam! Brave browser blocks TH-cam ads as well as pay you BAT cryptocurrency which you can convert to USD.
Barney Casting my man is trying to advertise a scam, on a comment about getting advertisements for scams while watching videos about scams...
Same here. Like yeah assholes still exict aguess
Hi my name is Dan N as well.
This is crushing my dreams of making 10 million a month with my 5k
Don't let any well educated, experienced sincere man tell you you can't do anything you want to do. If you want to do something you just need a $57 course on how to scam people.
@@MrBchi LOL
@@MrBchi well said brother! Keep the dream alive! 😅
Or you can invest the 5k into renting some suits and lambos and became a tik tok guru and run scams
@@MrBchi hahah
Love Patrick Boyle. He's one of the most real people in this space, and he's taught people so much about how to think financially.
Nice to see that Patrick had 5k subscribers at the time of this video, but now have 600k+
If you limit "this space" to "youtube" / "the internets" then yeah ;)
I prefer half donut
Whenever someone says, "you dont need to work to earn a lot of money" that's a big red flag
Patrick was my professor at uni. one of the brightest minds I've ever had the chance to interact with
that is cool
which uni?
Was the knowledge you gleaned ever applied to the investment field ?
@@zaidislam1774 QMUL
😅 did he tell jokes with a straight face too? The jokes miss me, then I go to the comment section only to see people laughing at jokes which I missed.
Nobody who finds a goldmine would sell shovels unless the shovels make more than the gold or they suck at mining. It's always like that. There is only so much gold.
An they wouldn't tell others how to get to the gold mine...
@@Mr_Hassell My point exactly. If you're digging and you find something, you don't put your pickaxe down and start yelling, "I found gold! Over here!"
I'd rather be a shovel salesman in a gold rush than a miner. Get rich, and you don't have to spend time getting lucky looking for gold.
@@wiseGUY1288 you missed the point to the comment completely
@@cantu7614 👍
Really impressed that you got to interview Jason Statham, he's surprisingly knowledgeable about finance
HAHAHAHA
Nice Patrick Boyle channel reference. I do find that they both have a nose, ears and a mouth. So they are quite similar.
@@orionmorgan5155and bald. I think that’s a key feature between them.
@@ToadyWoods precisely, also the vocalist from R.E.M. They're all identical because of these traits, but you can tell it's not the singer from REM because 1 - the voice is different, and 2 - he isn't singing.
🤣🤣🤣🤣
I'm glad to see Coffee interviewing Boyle back then, he's kinda blown up since and good. Smart guy with a really nice sense of humor. But you're both wrong. It's really easy to make a lot of money quickly. See what you do is you create an unregulated security, like a crypto token, pump the price up, then use that as collateral to leverage a huge loan, then make a bunch of risky bets. If the bets pay off, you got rich real quick. If they don't, you get to dodge Coffee asking you whether you committed fraud and suggesting you should be in jail.
Heck you got me in the first half Hahahah!!!!
🤣🤣🤣🤣🤣🤣🤣🤣. You cheeky scoundrel
He is funny AF - and his documentary on Charles Ponzi is BRILLANT - so ch an interesting character.
The only problem with the "quick" scheme is that one day legislation will catch up, and I do think with record preservation as it is today they will be at least sued.
But some of the actual monetary values some of these guys walked away with I do think they will get completely screwed in the end. Why? Taxes. There is no way the IRS will let all that income just go undocumented.
Why are you called "Lambda Function" lmao
As the creator of Half Donut One Donut Finance, I wanted to thank you personally for the mention. :)
Also, excellent video!
breakfast circular edibles, close enough haha
Ben Felix has amazing content realeate to investing.
@@geovanniecheverria5678 Agreed, Ben Felix makes one of the best videos i've seen on investing
The Plain Bagel Your vids are really great 👍
Lol
"You guys are buying $2000 courses when you haven't even cracked your local library" - Coffeezilla
awesome you killed it
@X Æ A-Xii Some of the “gurus” run pump and dump” groups and their “strategy” would massively fail in the large blue chip type stocks/instruments etc.
Agreed. Unless you are willing to spend the time to invest in yourself, why invest your money in someone else?
The library has been awesome. Got a library card and you can go online to connect your card online now you have access to a huge library of e books, audiobooks, and more. Jesse Livermore’s books have been my favorite.
@X Æ A-Xii That's if they even have portfolios. Robert Kiyosaki, anyone?
Patrick Boyle is GOLDEN. I am 60 years old and trading since I was 19, I can totally relate to everything he is saying. My biggest problem with trading in the early years was myself - it is so hard to change, but once you get it, then things start going in the right direction. Nice find getting him on your show!!
Same, I’m still new, but recently came to terms with my bad engagement with trading - as gambling.
I’m now running the wheel strategy to build a good portfolio
if you were any good you would have been minted by now
Are you a trader?
It is very good to see someone like him on TH-cam. Stressing value creation is so important. It's one of the reasons I often prefer a market that has lower liquidity. When fed interest rates are practically nothing and money is flowing like crazy, few companies are investing in value creation. Instead, capital is being flushed down the toilet and everyone is excited about it. Then we see, like recently, with rates going up and the smoke clears: it wasn't the interest rates that lost all that money, it was already gone while everyone was having a party. Now companies can focus more on value creation.
When trading, one has to stay off most of the internet. Almost everything out there is garbage. The boring stuff is better.
@@krozareq undoubtedly, the boring (or 'unsexy' stuff as some people call it) is where the real gold is
Im only 15 minutes in and i already love this guy. So refreshing listening to someone so well educated.
check out his channel, it absolutely blew up after this interview
He’s also a PHD Professor
@@illuderebeliarh1260 yes thats why he did this interview in the first place
hedge fund managers are monsters. utter parasites on society
I think one of the best things about Patrick is his humor style. I never saw a person who could crack multiple jokes in a row with stone cold face just in the middle of explaining something
Scamming people is a lot easier than convincing people they are being scammed, GURU's prey on this mentality.
People don’t want to believe that it actually takes time and effort to make money.
Deep but true, especially if the person meet stereotypes according to looks and race.
Mark Twain said something along those line like there existing two types of fools: the ones that were fooled and the one who refuses to believe they were fooled...
That is a powerful truth June!
Well said and sadly true. I comment on some of these pages and say how expecting to turn $1k to $10k is unrealistic unless you gamble and get lucky and that 2020 was an unusual year and these returns are not realistic over time. And these followers attack me and think I’m foolish 🤷🏻♂️
If you don't pay for a product, you _are_ the product. This applies to no commision trading platforms, where high frequency traders buy your data and use it to gain money by using your data to be ahead of the market. This also applies to things like gmail, facebook, instagram, youtube where you don't pay money, but your data is sold to companies that put targeted adds in front of you.
You and your data _are_ the product these firms sell.
I think if I were a product someone is due a refund.
With fake guru, if you paid you are the product lol
I watched this video in late 2020 when it came out. Now in Jan 2023, Patrick has developed his own channel and it is doing well to educate viewers honestly but also with humor. Also Coffeezilla has gone from something like 200k subscribers or something to 2.3 million. And that is due to quality content, not to fraudster or click bait garbage.
Nah, Coffeezilla does have quality content.
Let me say this again before you overlook this; Coffeezilla does have quality content….
But it’s not just honest, good quality content alone.
CZ leans into the drama.
He’s entertaining, savvy, and engaging, but he leans into the drama side of these scams, and it’s in part to why his channel blew up.
He leans into the YT clickbait thumbnails, leans into the drama side of scams which also fuels viewership on YT, and of course, credit to him he has an enthusiastic and entertaining personality.
He’s a good guy and I like him, but he falls into the classic nature of TH-camrs.
I appreciate how Patrick Boyle talks about the emotionally draining aspects of the job, like not everything is sunshine and roses and I think the lack of pain of a 'real job' that these scammers sell is one of the keys to their success
Gonna say. From when I was 15 till 40 I worked Manuel labor low paying hard azz jobs now I have own business and work 15 hours a week amd make more than ever before. If you aren't climbing a ladder all day carrying heavy stuff up it. Cutting steel with a cold saw all saw. Hanging sheetrock. Sandblasting 10 hours a day. Then no any job in front of a computer is not a pain and not hard.
@@Immigrationsituation So what you do is hard, but something you've never tried isn't hard...
@@Immigrationsituation , jobs where you use your mind can be just as draining, just in a different way. Kind of surprised you're only working 15 hours. All business owners I know work more than their employees.
Trading with consistent positive results is a demanding job, but it works. Doesn't need 1 million in your bank account to make 100% return a year in an uptrending market. Trending low volume is easier than to manage a hedge fund.
Is he a day trader?
I am a former floor derivative trader who was part owner of a self funded firm (no outside money). I have pretty much seen it all and I can tell you it is tough to make and then keep money. You have to ask yourself why someone would share with you a system or philosophy that is guaranteed to make you money. Why wouldn't they just do it themselves and retire to that island everyone talks about.
Then you should know because trading takes risk
@@Kloutkulture "If a square's angles add up to 360° and a circle encompasses 360° then why isn't a square considered a circle". What you have stated is the finance equivalent of the aforementioned mathematical statement.
@@mehmeh1999 Not even close at all. Nice try though kid
@@Kloutkulture What would you liken it to?
@@mehmeh1999 Not close to what you said.
I clicked because the thumbnail showed Patrick Boyle gesturing with BOTH HANDS - and I'm not disappointed!
I'd been seriously wondering if he was paralyzed in one arm and I'm glad to learn that he's not.
Would be an absolute treat if you made a follow up to this video with Patrick. Since you both have substantially more subscribers now it would reach many more viewers and people really need to hear this.
I love how he mentioned that hedge funds smooth out volatility. They don't necessarily produce a bigger, better return. This is why you need to be incredibly wealthy to make it worth investing in a hedge fund to begin with.
Some produce great returns but I believe the idea is to produce good returns with less risk than the overall market. When the stock market was falling and everybody was losing money, Bill Ackman made an absolute killing.
140,000% a year, *me checks calculator and sees its ~137,741%* Damn he did that in his head in a couple seconds.
you clicked 100 dollars times 2% 210 times? :P
Yeah I was super impressed by that
@@-OnTheRun- no, you use 100 * 1.02^365
@@Slenderman63323 threes only 253 trading days in a year for stocks.
@@-OnTheRun- ohh bet lol. I'm too deep into cryptocurrency, which trades 24/7/365
Just came across this. I see 2 yrs back Patrick allowed himself to crack a smile.
I know! I was actually shocked! 😳
The ressesion effect
Patrick is a real gem, I've watched so many hours of his videos. The first one I almost turned it off in the first couple minutes because I didn't understand his humor but it's really grown on me. Really smart guy.
What you said about people who would rather gamble in day-trading to make $20k a year instead of getting a job, reminded me that it is amazing how much trouble and risk small-time criminals take to earn a measly income (the specific example, from next door, was people breaking into an empty house, due to be demolished, to steal some copper pipes - and getting caught), instead of having a job. The payoff must be emotional, because it sure isn't monetary.
Never thought of this! Screenshotting!
I think that at least some of these people can’t deal with the boredom from a regular job.
@@jonnelson9760 Yes. That's exactly why I steal.
Well, having a job is what "whitey do."
If you day trade..
Maybe do it until you get to $200,000.
Then invest longer term.
What I learned from years of playing and learning poker is that whenever there is conflict of interest there's never an ounce of valuable information shared between the two parties. It's basically a war of information and knowledge. Nobody in this world of four dimensions will ever share that with his competition.
Exactly. Being rich is relative. If you have a billion dollars, then everyone else gets a billion dollars overnight, you are no longer rich, you're just a poor shmuck just like everyone else. So if you know a secret way to make alot of money quickly and easily, its in your best intetest to keep it secret.
After 27 years of playing casino poker and 37 years of trying to trade the stock market your comment is, in my opinion, 99% accurate. I think there is some information that slips out here and there that is accurate. Sometimes by accident, usually due to ego. I am slightly behind thru the years in my attempts to make an easy living. I do know some professional poker players. Obviously there are some professional traders. I am neither. Doesn’t mean I will stop trying.
@@jameslingle4275 Hi James, I appreciate your valuable insight on my comment. 37 years is no joke! Cheers mate 💪
I'm replying 2 years later but this is one of the best nuggets of wisdom I've seen especially in the form of a TH-cam comment. This is the kind of thinking that will keep you from getting ripped off in any way.
@@putinski666 After reading my comment from two years ago I can relate to it even more with all the craziness that had engulfed our world.
Finally someone who comes across REAL. None of this fake crap!
He’s been on the industry over 20 years. He knows his shit
"A successful man is one who can lay a firm foundation with the bricks others have thrown at him." ---David Brinkley
I love Patrick Boyle's straight face jokes. They crack me every single time.
No face expression, no change in the tone of voice, but the joke is always hilarious 😂
Poker face!
I always thought the dry wit was a bit of a bit, but it's fun to see him here laughing at his own jokes and being a extemporaneous. Nice to know that the humour in his videos has organic roots.
I'm one of Patrick student in his derivatives class. One of the best professor that I had and the material on his channel helped me immensely on my final.
If somebody had a secret to getting rich,
then they probably wouldn't share it with anyone.
Trading is no secret...its way of getting rich yes...but u still need knowledge, practice, persistence...no secret sauce.
@@pedroribeiro7594 Again, everyone says that they have their own trading strategy, but at the end of the day, no single strategy is effective. They all will have their wins and losses.
NOBODY CAN PREDICT THE MARKET!
And that is a fact, and will remain a fact forever, even high end Computer algorithms fail to predict the market.
But, you're not their to predict the market, you're there to invest based on probabilities, you need a huge set of data, you need to study the company's history, quarterly earnings reports, growth trajectory, the company's reputation, the popularity of the stock, and many other factors, after which you can make a calculated guess as to which stocks to buy.
But again, that requires you to spend hours daily researching companies, reading reports, reading the news, have knowledge of Statistical Analysis, etc..
It is doable, but not for everyone.
@@zubair-xj5mn The real "secret" is keep things simple...most people overthink and make the process harder. I trade in the Forex market...all u need is to read price...market structure...focus. The guy on this video over complicates.
@@zubair-xj5mn There is some nasty gurus out there for sure...marketing with lambos etc... but there is some silent ones who make REAL fcking money.
There is no secret to getting rich. There are many ways to get rich and the information is given to you everyday. I learned how to invest when I met this old man who’s dead now. The rest was google, reading and TH-cam.
I've seen these "Master the guitar in two weeks" adverts too. The comparison to day trading gurus is bang on. It's just about appealing to people's laziness: the prospect that you can get a big reward without having to put in the work everyone else does.
This guy is absolute gold. Dry, UK humor. Knowledgable. Honest. Zero sales pitches. Just good.
He's from Ireland, not the UK.
A collective eye-roll from the Irish :P @@Jinsun202
@@Jinsun202he just said uk humor
jonny sins day trading these days. What a talent
The market is fucked... everyone is trading, huh?
A plumber, a doctor, an electrician, a masseur, and now a hedge fund manager 😍
can't social distance on his other jobs
@@adequatequality police officer
🤣🤣
Nice to see Tyson Fury expanding his talents into other fields
It's also nice to see that his new diet is going well for him
😂😂😂😂😂dem
@@johnnycolon3208 a little too well lol
100%. yea Gypsy King is very versatile..
Johnny Colon oh my
It's so weird seeing Patrick talk somewhat expressively. LOL
Patrick "broke character" on this interview 😂
Patrick Boyle is the most astute commentator on TH-cam by far when it comes to matters of Finance
Agreed. He’s a star.
And funny too at the same time.
Ok Patrick Bateman
Trading sounds a lot like hacking/IT security in that learning the skills necessary requires a lot of reading, a lot of practice, for most people a lot of training. Many people get into it because it looks cool from the outside but don't want to learn the deep elements of the systems they want to attack, they download Kali Linux and open a terminal and think they're a hacker.
you nailed it. Trading is a profession. Of course you have to learn and practice a lot. I mean a lot. Not for nothing almost everyone fails. Also because of wrong expectations. And especially in day trading, you have to deliver top performance every day. If you only learn it in order to make money with it, then you won't make it because there are too many hurdles and you will lose money very easily. To persevere and become a pro you need a passion for it in my opinion. And the most difficult part is to master your own psychology. You must be able to control yourself and your emotions. The better you can do this, the better your performance and the easier it is for you to stick strictly to your trading plan. The latter is especially important in extreme situations.
Everything is like that, but in investing you can lose your life savings if you make a mistake, and in IT security everyone's life savings.
The thing about trading is that no matter how much you read, study, ect... does not mean you will be better at it. You might have a better understanding, but it does not make you more profitable.
@@Baghuul I have to completely contradict this from my own experience. The more I understood, the more profitable I became. The way there is only stony and difficult.
@Omar Ignacio Silvestrini Isn't boredom also a sign that you have become a professional? At some point it is simply nothing new in general. You just follow the same procedures that have proven themselves. Nevertheless, there will always be adrenaline filled (more exciting) days.
"I have a bit of expertise... I have written a book actually."
I love it.
yes, but he IS selling his book :P
@@-OnTheRun- I’m sure he is to people who actually want to learn how to trade
@@KevinHasSpoken Don't be so naive, its rehashed garbage he read from other books, who also cant trade so they write books. If you can trade, you trade, he's no different from the other book peddlers littering the internet. But our boy coffee nominates him and not others as legit :P gimme a break man. paid promotion.
@@-OnTheRun- He's literally a Hedge Fund manager...
@@afabuloussentientbeing8112 ...so good he needs to sell a book on youtube? lel
Video literally jumped from Patrick mentioning sketchy financial guru ads to a sketchy financial guru ad within seconds 😂
I can’t believe I am seeing this 2 years after publication. Please hook back up together soon to survey the carnage these snake oil salesmen caused and where they are now!
"The stock market is like a casino where you sit on the correct side of the table" Great insight about equities from Patrick Boyle.
*Petition for coffeezilla to interview caleb again*
WE NEED IT!!! u know whats funny? Caleb stopped the ads ever since and is ghost on social media LMAOOOO
@@Ace-vr2xq shit 🤣
I would like him to cross interview ricky now based on this interview.😂
Caleb and his overpushy attitude while speaking kind of triggers me. However I ll take the risk. I vote yes.
@@tlustejmicin he doesn't even speak English. Everything he says is a sales pitch it's insane
You can tell Patrick is a smart badass just by his punchy humour.
💪
I have been trading full time since 1994. This is one of the best and honest advice.
I believe everything in this video since Jason Statham said it himself.
🤣🤣🤣
don't insult patton oswalt like that.
LOL
😂
Skinny Jason Statham 😂😂😂
Engaging convo. I was about to fall asleep but woke up when this started. And props to coffee for being such a good listener and interviewer. No annoying interruptions 👍🏽❤️
The sense of humor on his channel is what led me to stay a while ago didn't know he did this!
This was great content. Being a successful trader requires you to develop your own system, not pay for someone else's.
Agreed you need an area of specialization that gives a competitive advantage. Mine was trading industrial metal commodities.
'Bookshelf in your garage because that's where you keep books.' Lol
Tai Lopez 😂😂😂😂😂
How was he supposed to pivot between the rented Lambo and the used books if he didn't put the books in the garage? I mean, it's not like he was planning on actually reading any of them. "Knowledge!"
Regarding the talk of running an online shop on Amazon to "get rich" (0:42:00). I ran a real shop, on a busy high street in the UK *as well as* an online store, though not on Amazon etc. This week we've had to close due to the current economic climate, and going into semi-retirement.
The amount of people who ask if we're "going to sell it online now?" As if it's easy money and free to sell our own products 'online'. I then explain to them that we've always sold our stuff online, this is the first year we've run at a loss since we've been 12 years in business and that if we made a loss with online sales *as well as* an over-the-counter trade, how will we make more money taking that counter trade away?
Bottom line is to make money, you have to create it. It takes knowledge, experience and hard work. And if watching some random dude, flexing his wealth on You Tube, is learning and research to you then you won't make millions!
Patrick smiling..thats rare because usually all we got is his poker face😂😂
Watched the whole video, this is the quality I'm looking for TH-cam. No filters just content
I've been following Patrick Boyle's channel from his beginning, and he's an EXCELLENT resource for learning the truth about trading/Wall Street topics we've all heard but don't fully understand. He offers the plain truth without hyperbole, without an underlying agenda and without Lamborghinis in the background.... just the facts.
The best thing about Patrick's channels videos are thier timeless nature.
Three years in, as a subscriber of both channels this finally came up in my feed. Great video.
Good work. As someone who has been running an asset management firm the last decade the YT needs more of this.
This is the type of guy I respect. He is honest, down to earth, does his homework. U deserve much success!
Everyone is Warren Buffet until they hit their stop loss... if they even have one
only people that use stop loss are day traders. no long term investors would have stop loss because you really dont lose any money until you sell on a loss.
If you actually do your research and the company is in strong standing with future growth then you don’t sell even of it goes 90% down.
KEKW N1 SIR XD
10 -15 years ago every month I would Google “when will market crash”. The same guy would advertise his stock picking service and say the same thing every month. He said every month That the market was going to crash. A year later the market hadn’t crashed and he was still saying it’s going to crash.
The market will always crash, it's not a matter of "if", but of "when" and "how much".
@@myhr2320 I agree. Even a broken clock is right twice a day.
Same technique as televangelists constantly saying the world is going to end - gotta put your money in now to reap a harvest...
Making the spreadsheet that Mr.Boyle says is so simple and useful, must first step before investing
Finally, some real talk. Hopefully this will discourage some of the tiktok kids from giving their daddy's cash to lambo flashing con artists.
Tyson Fury's brother that went into business.
😆😆😂
I was looking for that comment. Thank you.
Honestly, you could’ve told me that he’s a distant Statham relative and I would’ve believed you. 😂
@@paulb2995 lmaooo. Little did we know this trader is bad ass.
Lmao 🤣
Fun to hear that Patrick only had around 5k subs back then. He's at 625k now.
I couldn't recommend Patrick's videos enough, they're fantastic and funny.
His sense of humor is fantastic.
The funniest thing to me with all the day trader gurus, is that in almost every ad on TH-cam they have no less than six monitors behind them all with the Bloomberg Terminal looking black background with colored graphs and charts. I mean, surely this guy must be an expert in the stock market. Just look at how many monitors with graphs he has.
what are you trying to say
@@lucifermorningstar1082 more monitors = more money
I love him he's so fun and wholesome. All those years of very hard work really shows in what he says and what he chooses to say even though he can go off tangent sometimes. This is an hour long video that really just passes so fast.
Coffee please invite him back to the show. 🙏
This has to be the most important conversation I have ever heard!
Coffeezilla & Patrick Boyle in the same video? I'll watch that!
Woah, This is really good, Having someone knows what the hell their doing on this channel is so refreshing.
I asked a friend of mine's dad who was a FX trader for a bank when he retired if he's going to continue trading in his personal capacity, he immediately said "no, too much work".
Interesting
Too much work I believe him, he wants to retire peacefully
Agree, Patrick Boyle channel is way underrated :|
I love the sardonic wit with his deadpan delivery, his video are very funny always enertaining.
Watching this one year later and thankful to learn of Patrick and his channel. Just subscribed.
Day trading is a brutal world of speculators competing with each other. It’s not investment. It’s a jungle be aware.
You are spinning the word "speculator" a bit, I vouch for macro trades in that if you stick to the sector you are familiar with and play the macro cycles, it is very easy to make 10-15% over a quarter of a year.
In crypto, a smart person (not even genius), can double their money in a half year. I don't even think 100% return over a half year is even that much.
@@tinonoman5831 If there is actually a signal that can let you reliably gain 10-15% Q-o-Q or 100% over 6 months, why wouldn't you or someone else just take it? Go into debt, you'll make it back in 3 months, right? You are probably committing some kind of gambler's fallacy in your internal model. But if you really are a genius that can do what 99.9999% of us can't, good for you...go make your millions.
@@maxdakka7973 I don't think its a secret.
Gains on mains, go to alts after good research. After pump go back to mains. Get an understanding of when an asset is overbought or oversold.
I dont do TA or have a signal, I am a macro trader. I mean, I am working to make my millions.
I take money out before the peak and protect my gains. Sensible emotion controlled macro trading. Not too hard.
@@tinonoman5831 How much have you made and how long have you traded? Where did you make 15% quarter on quarter? Or 100% half year on half year?
@@maxdakka7973 One year, this year. I spent the prior year studying block-chain, getting involved in communities.
I don't understand why 100% half year is a crazy number, this is crypto not real estate or stocks. If you are coming from wallstreet, I have no experience with that.
At first I feared that your guest would sell his hedge fund in the end saying that he's making extraordinary returns. Then he explained the goal of finding negative correlation and it all made sense, so thumb up for his honesty and to your channel. I too didn't know that hedge funds were made for diversification.
Not anyone can invest in hedge funds you have to become a accredited investor and hedge funds are not allowed to market like mutual funds
what do you think the word hedge means
@@lucifermorningstar1082 To me hedges were related to gardening. When I stumbled upon the financial world, I heard the word hedge fund but it took me a while before understanding what hedge really means. Even if you learn that it means reducing risk or exposure, you still need to understand how. I learnt most of my English between 18-25.
Clue is in the name
Aaaaand I've gone full circle. I started at Plain Bagel, then discovered Patrick Boyle, then finally got to the "Doughnut something" meme genesis. And this is linking me to the Bagel + Boyle interview video.
it's hilarious that as soon As he mentioned getting financial ads, I immediately got a financial ad.
I am amazed by how many people seem to be averse to working an actual job - as in, providing a real service or product to real people. Like that dentist he mentions: he stopped fixing people’s teeth, and that’s a shame. Fixing people’s teeth is a valuable, useful thing to do with one’s work life.
Take this legal gambling away and you will find who is of real value.
Such a great video! This is what so many people need to hear. I can also confirm that as a blackjack dealer, the number of times people "went with their gut" was unbelievable. They loved to point out when they were right, but blamed the cards or the other players or me when they got it wrong. Ridiculous.
It is truly amazing.
Oooooh. I love it when a gem I missed hits my recommended. I love both these channels.
That was good of Vision to stop by and explain this stuff 🙌
The highs and lows w/ trading are absolutely brutal.
truth lol
I have literally ruined dates with my girlfriend when I get a notification, no coming back how mad I was. And other times I’ve never been so happy and she could understand it. We had to make a rule I’ll never do a day trade if we have a date that day or within 2 days lolll
He’s got 49,000 subs now! I loved this interview.
Broooo you even linked the books! Thank you! Coffeezilla is the best channel I've ever discovered. I will swallow my pride and admit I've seen you uncover more than one youtuber's pile of BS that at one time or another had caught my eye a bit.
coffee I love your videos but this was absolutely delightful to watch. Thanks both of you, if only more people were paying attention to you guys the world would be a safer, better place. Cheers
Criminally underrated channel
"They tend to all be questionable [financial] ads..." And immediately a Tai Lopez ad pops up 😂
Here in my garage with a brand new Lamborghini
The timing on that ad was impeccable
Yea😅
I got a dodgy eToro one and a dropshipper
"Look at this wall of random books a bought from a used book store liquidation sale. It's my proudest possession. I might even read one of the books someday. That's how important it is to me."
Refreshing , straightforward, humorous, and most of all ,honest irishman.
Thank you Patrick and Coffeezilla. This was the best interview that I have seen in months.
I’m so glad I’ve come across your channel & specifically this video, I’ve now subscribed to Mr Patrick Boyle’s channel too! I was shown the world of trading early this year and was immediately drawn in by the “huge returns” but the more I’ve delved into this topic I’ve learnt it’s not possible to get rich over night or make these audacious claims of huge returns, now my focus is learning as much about finance as a whole and being better with my money and as part of that is investing rather than trading! I just want to be better with my money and side not in quite a curious person so learning about finance and the economy is really interesting for me! Knowing how things work etc!! Anyways Thankyou for the videos!! Keep it up you both deserve way more subs than a lot of these channels out there!!
To all of you reading comments, I wish you a merry Christmas, and may you have a happy, healthy and prosperous new year
To you as well!
13:00 As they walk to their helicopter, the helicopter wind is blowing 100-dollar-bills out of their bulging pockets, and they can't be bothered to even notice....ah yes...the life of a "finfluencer"
I'm glad this video made me sub to Patrick, really good that his channel took off too. Lots of value!
Thanks. You saved years of my life which I was gonna waste on researching this stupidity. 57 Minutes well spent.
U dont know what ur saying...u need to EXPERIENCE IT yourself and see what it really is and how it works...thats why most fail...they want to be spoon feed. Trading is not hard...u need brain, WiFi, a laptop and keep things Simple and follow Ur plan.
@@pedroribeiro7594 Yeah, trading in not hard. You seem like a course seller to me. Keeping things simple. Really? Do you really a think a simple MACD or RSI is gonna make you a billionaire? And what really is a plan when you don't consider black swans.
The only way right here is to do long term investing not stupid day trading. Day trading is only profitable for those high speed trading computers using all types of tactics like sentiment analysis and news scraping at the speed no human can ever do.
@@hassaannoor uor on the right track. The only rational investment individuals can have is a total world market cap index fund. Like Vanguards VT. Basically purchase a piece of the worlds economy
@@Moon-ob7lb Exactly
@Gorden Gecko Hahaha, okay my love. Do tell me when you come out successful in the long run.
Excellent show, So true successful trading is a grind and a LOT of homework.(Read books, test systems, get up early and scope out the foreign markets, read business news, government reports, etc, etc. Great show !
Glad I've found both your channel, and now Patrick's channel.
Internet needs so much more of these chats. Thank you!
wish you had this channel 10 or more years ago, would have saved my 20 self a lot of time and frustration