Truth of A ‘High Risk High Reward’ MILLIONAIRE TRADER | Humbled Traders
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- เผยแพร่เมื่อ 8 มิ.ย. 2024
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💸 Rez’s Socials:
Twitter: 604rez?lang=en
Instagram: / 604rez
Rez is a self-taught, high-risk high-reward, trader who started trading a decade ago to help his parents retire comfortably. Despite blowing up a dozen small accounts, Rez never gave up and was determined to succeed. He has one of the highest risk tolerances among day traders that I know and trades wherever there is volatility or movement, with no bias towards the long or short side.
Rez's story is one of perseverance and determination, and his experiences aim to inspire others to find success in their trading journey! I hope you enjoy this conversation as much as I did.
In this vodcast, we cover the following:
- Rez’s story 0:00
- His trading style and his road to profitability 9:49
- His trading losses 18:30
- His trading strategy 25:53
- Rapid fire questions 50:42
- Lie-detector game 56:03
- Advice for new traders 59:45
#daytrading #stockmarket #howtodaytrade
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.
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I hope you all enjoyed this conversation with Rez as much as I did!
If there are any other questions you want to ask Rez, please drop them here 👇🏼
Can you interview Jack Kellogg? Thanks!
This was a great interview! Keep it up!
I'm willing to bet that you didn't ask him if he knew about the secret "Boingz" technique!!! 😄
Her Rez.. Great interview, did u ask Shay to date u?.... Immagine u both go out during market session!!!. in case post the vid🤣🤣
Another scatty female.
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $225K has yielded nearly $1m after subsequent investments so far
Thank you for this tip. It was easy to find your coach. Did my due diligence on him before scheduling a phone call with him. he seems proficient considering his resume.
An obvious way to lnvest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions
I wholeheartedly concur, i have thought of engaging with an lnvestment coach,
Absolutely loved this interview! Rez is a great example of persistence and strength!
Man Rez really speaks the traders hardship. I can relate to a lot of this. I’m glad he found success
Great watch... i love how relaxed and open the conversation is... keep up the great work!
Great attitude. I love that he says back on the horse after you fall off. It is such a psychological roller coaster when you lose. It takes a strong person To overcome this.
Yes very true. Key is to persevere 💪💪💪
You have to be a little crazy too I think😅
@@isaacsaenzcurrencytrader I was going to say and sometimes a little emotionally disconnected but didn’t want to offend anyone. I don’t mean psycho or anything but maybe a little crazy like you stated. Good job!
@@rayfranco1259 💯
This is a great interview! It's nice to see our own past experiences be validated and there is so much wisdom here for beginners if they watch it over and over again :)
⬆ hi
Love interviews. I learn so much and they are comforting and inspiring
Loving the podcast, nice to see you evolve. Congrats.
I can relate, I have been trading for about 35 years, about 3 years ago I had carry over loss for over 450K, I finely hit a home run and am retired now, I put most of the money in dividend stocks but still play in the market. Enjoyed your video very much.
I lost 9k 3 year trade now experience in market so bad i from malaysia 😢
@@Inceldetector6144 it's risk management. knowing when to trade and not to trade. Timing is everything. Easier said than done.
@@Inceldetector6144I lost 14 k within the span of 2 years because I’m a delusional. Getting back into trading but learning and with proper risk management
@@Inceldetector6144 you should focus on your mistakes after pointing out your mistakes work on them so you will be better .one day
What’s your favorite dividend stock?
Nice work Shay, kept my interest the whole time, look forward to seeing more and more of your podcasts and videos
Awesome! More to come 😊😊
Great interview Shay you ask good questions you are so genuine
Hi Shay! I normally don't spend a lot time to watch lives or videos, I do only short ones, but I love to watch your podcast humble trader. Also, I like the good advises from Rez, very good guy. Congrats 👏👏👏
Great interview Shay! Thanks, that was fun to watch.
Love this new show! Congrats and thank you.
I just subscribed. Congratulations on 1million subscribers in advance. You deserve it. 🎉
Yesss!! a podcast !! And you're good!
Great stuff Shay. Thank you both!
What a cool guy . VERY HUMBLE AND DOWN TO EARTH . AND Loves to share his knowledge. Wish more people were like him
⬆ hi
Excellent interview! Thank you both
Great interview. I like listening to other people's stories and how they trade and the experiences and different point of views. With these interviews we are exposes to many more people than what we see on TH-cam. I really like the rapid-fire questions.
this is so much fun at the end! and I learned a ton!! thank you both!
This is a great interview!
Great Episode! Thanks!
what a fantastic interview. thank you!!!
Nice interview, also great job on the Red panel truck painting.
Awesome stuff love your work
Great interview! i have a lot of the same reasons and mindstate. Feels good to hear! Feeling Motivated
This episode was really great! Very energetic and well edited.
Cheers thanks
He's great, I like him a lot, thanks for inviting him to your show
This was a fantastic interview. Very enjoyable and entertaining and I can identify so much with Rez’s comments. Lots of wisdom here.
❤Get in touch with me..!..⬆️
Appreciate the vid! 👍🏻
Thanks Guys for sharing your experience with us. It’s great to hear about trading an investing not only for an “how to become a millionaire” point of view.
My three favorite channels: Humbled Trader, Stock Brotha, & Zip Trader. Make my week complete!
Thank you! 🙏
@@HumbledTraderOfficial Can u reply so us humans know you are not a robot?
Also everything this planned
Zip trader is a paid pumper tho 🐻
This bullshitter is saying the same thing on all trading channels
Thank you for this video. Well timed for me at this point in my trading journey.
Love this type of stuff
I loved this podcast!!❤️
Thanks for putting this interview together Shay! Love it!
Shay and Rez, do you guys utilize any trading alert services? What is your takes about these services?
Lets go!!! Love to see this episode with Rez
Get this guy on next
Great info . Great content . Love your guests , topics you discuss . Thank you
Awesome interview and what I like about the guy that he is so Frank and willing to accept where he was wrong and sharing his trading style. This channel is awesome and just listening to the guest speakers on this channel has provided me a lot of insight. Good work.
Great interview! Important to show the true side of trading. Been in many rooms, no one knows. Learn, dig deep, control your emotions & do it yourself. I have found this to be so true. 😊
Great Video Shay!! Awesome interview guys!! 👌👌
Thanks Luc 🤓🤓🤓
Thanks for sharing your experience and tips. Thank you very much❤❤❤
Great interview! Thanks, Shay! It does help those who are considering the deep dive and the time it will take to become profitable in this crazy industry. :)
Ahhh. This guy almost make me cry, he's so real about everything
excellent guy and interview
I can also relate to all this, I started trading 7+ years ago, took a 6 year sabbatical and now returning much more mature and excited to go again. My advise is learn all you can, backrest your strategies and never pay signal directorates to do it for you. I wish you all the best abundance both intellectually and physically ✌️
❤Get in touch with me..!..⬆️
great interview
This was very insightful and educational of what not to do. Solidifies the importance of risk management ! However, interviews are much better without chewing gum.
This is the real stuff that a lot of influencers don't capture. Great content, my favorite.
I like the new format though I like your old videos too. Podcasts are always awesome.
That was really cool.. I can respect the honesty....
Thank you for this video
great interview📈
The psychological effect is real when you loose during the early learning phase. Hearing from you and Shay give me hope that with more learning and the right trading strategies, I will get better. I have learnt too much to hop out now. At first I used to pray and hope- NO MORE. Thanks for your presentation.
Rez is kick a@@! Thanks HT for shaking down the guy for the golden nuggets!!!
Yes! I’m right where you were, but I had to do it to learn. When you lose $2000 in a day you tend to learn quickly.
Thank you for this is so nice to know I’m not alone with this.
I’m stubborn, and have extremely high risk tolerance. I’m like go hard or go home! lol now I’m safer.
I love the rush of placing trades just right and taking profits at the top. Even for a tiny account.
I love these interviews! Thank you so much Rez and Shay!!!! I'm good with 5% per day
Great return, congrats!
im sure everyone can relate but its great for a reminder thanks for great interview
I really enjoyed listening to this these podcast at work
This was one of the most real , down to earth video.
Inspiring! Someone you just want as a friend.
Great podcast!
⬆️Directly get in touch with me..!..❤
Respect to this guy with a full time job. Top man.
You both have great chemistry together
Thank you for doing this podcast!
I hope you enjoy it! Let me know any questions you have
@@HumbledTraderOfficial I have a question. Can you interview someone from SMB Capital?
That cactus is amazing ...😍🌵
Cheers Shay & Rez
Ive been trading for about a year. I belong to the 90/90/90 club. I got back up. Got rekt two weeks ago - got back up. Some lessons are only learnt from experience. Thank you Shay and Rez. Sooo much of Rez resonated with me - the swapping of the buy and sell button had me cracking up. Would love to meet you both because I am like the other normal people Rez has met with the passion for trading which at times can make us a "little" unhinged. Can never give it up - just love anticipating price action.
Subtle reminder within, thanks for sharing: At the end of the day… it all comes down to greed & fear, your fight or flight mechanism. Trading uncovers this daily in real time and you quickly learn if your mechanism is “damaged”. For those that are aware, you untap your potential as a trader AND a human being. That’s why most fail, they don’t focus on psychology, the literal driver of markets.
This podcast series is great! I’ve just started trading and its surprising how much I have to battle with my own emotions. But I’m obsessed and can’t stop. Literally in the middle of trade right now trying to finds ways to distract myself from messing with my SL/TP 😂 Its nice hear how other traders deal with the emotions of the trade. Something to think about when I’m down on myself or need some encouragement that I will get better. To distract myself It’s watch your videos or…look at videos of the future lambo I will buy with my gains 🙃😋
Keep going..👏
do everything possible to robotize your trading.
your SL is at a pip level. that's the point at which you refuse to take more losses. you have thought out where it should be carefully. odds are if the market goes there, it continues going that way.
TP is somewhat slightly flexible. yes and no. lol. i've seen the market get almost to TP only to reverse. so if it's warm and looking like it's going to die on me. i'm not too picky about getting that last little bit. i have a ding ding alarm set to go off when it's getting close so i can take a look and decide if i let it ride to TP....further...or close.
Keep it up Cassie not all obsessions are bad. My goal is to take care of my wife not just to buy things but to make sure we have the essentials. Being debt free takes time and patience. Debt steals your time. So be encouraged you can do this, and by doing this at such a young age you are really thinking about your future. God Bless you♥️
@@g.burney4714 you my friend are in the right place mentally to succeed.
cover the bills. live comfy and free of work. have time for family. This is pure gold.
more is welcome sure. but if you have the basics covered and aren't slaving at the 9 to 5. man that's the perfect world.
love this attitude.
⬆ hi
Great interview! I prefer these types of content over basically anything else out there❤ I’ve been trading for years now but have only just started a YT channel for my own trading as a hobby😂
Thanks for this. You guys can follow Amarkets as understanding the value of a trading journal is absolutely critical. I actually started one but never kept up with it especially when I have losing trades. I definitely should get back to it. Thanks for this gem of an interview. Ran into it by accident but I'm glad I did. Cheers!
⬆️Directly get in touch with me..!..❤
Relatable, great interview, good personalities, this was pretty fire. Good insight from both of you guys, thank you for sharing your time and this discussion with us!
cool video! thank you
tq for the sharing coach
Excellent podcast, Shay, you do this very well. I hear Andrew Aziz is coming soon!
Great interview thank you - what event in Vegas are you guys referring to ?
⬆️Directly get in touch with me..!..❤
I love the look on Shay's face when he said he placed a trade then took a nap! It was priceless! and then it was you wouldn't consider taking a nap with a stop?...LOL
HAHAHAHAH i know i was serious about that question lol
The best athletes and coaches always remember the losses way more than the wins.
You and Rez make a great couple, get in there!
Shay, Discovered you recently. Great informative content and is drawing me in. I have a question. When you have losses, can you normally go back and see where you may have missed? Thanks.
I took some hi risk and its not fun when the market goes down. Great show Shay, as always see you next time. I did smash the like and gave you a heart💗👍👍
Man this guy seems like such a bro. When i blew up my first account i felt like throwing up in the trash can. Feels better knowing im not the only one.
⬆️Directly get in touch with me❤.!..
The chemistry 🔥🥰
that was so inspiring. ممنون رضا
This is a nice change of pace
more to come :)
Ohhh, I'm listening now.
I too do " engeneering " .
And my mum, is also thinking about it yesterday..
so much chemistry
Woww Reez my new idol🙌 doing everything for parents, I liked that🥺 hope I be like him soon nd give best life to them 🎈
Fun interview. Whatever works with your personality, then go with it. I for one, will not be taking a nap without a stop loss :D
This man's DIFFERENT GRAVY . LIKE DAMMM
You guys would make a great couple I see the chemistry❤❤
your conversation is nice happy trading
Thanks you too!
I had the same problems as rez did and other similar traders. I blew accounts similarly. I made a trading bot to implement my stategy which allowed me to get in and out of trades automatically. This has allowed me to not be glued to a screen watching my trades. Good luck.
Wʜᴀtsᴀpp ᴍᴇ ❣️
Thank you
When I was in graduate school I used to daytrade adjacent to Andy Bass who was a childhood friend of Sam Walton. Andy was an early investor in
Walmart and at one time was the largest land owner in Missouri having received the parking lot paving contracts for many strip centers anchored by Walmart as it grew up. Andy loved to daytrade and as he got older and suffered with Parkinson's Disease he often fell asleep while day trading futures contracts without stops. One day that stands out was when he fell asleep with a large position in S&P 500 futures contracts and although he was down a few hundred thousand dollars we didn't want to disturb him. At the end of the day the market started rallying and Andy woke up a few minutes before the close and exited the trade for a couple hundred dollar profit completely oblivious to his intraday lossess. He bought me ice cream as I drove him to the country club.
Awesome 👍