I Tried Day Trading With $1,000
ฝัง
- เผยแพร่เมื่อ 12 มิ.ย. 2024
- Become a funded trader: tracking.topsteptrader.com/SHS8
In this video, I challenge myself to turn $1,000 into $5,000 by day trading futures with no previous experience. What could go wrong??
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I think this experiment reflects that of many people trying out day trading for the first time. Maybe you have some luck and you feel like you know what you're doing - until it all goes against you. Without a strong, backtested strategy and unemotional trading, you will fail as a day trader - like I did in this video.
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#stockmarket #trading
0:00 Why Trade Futures
1:19 Getting Started
2:34 How Futures Work
5:11 My Plan
5:28 Day 1
8:05 Day 2
8:55 Update
10:12 Day 5
10:31 Day 6
10:47 Day 7
11:22 Day 8
12:15 Day 9
12:48 Day 10
13:09 Moving Forward
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I've been asked this about 1,000 times in the comments but as I mentioned in the video, futures are not subject to PDT rules. This allows you to day trade with less than $25k without federal restrictions.
ay i was wondering if u remember how much leverage you were using
FYI If trading options with a cash account the PDT rule does not apply
@@everythingdaytrading5096 correct, just need settled cash to trade.
@@DanielInskeep Still not entirely true. You can buy with unsettled funds and sell after funds clear. Great for swing trading. Thanks for this video. Really enjoyed it.
Hi, would you please upload a spreadsheet with all your trades that you did (Date, profit/loss ...) for this video?
I used to be a degenerate gambler, then I moved to investing and found a whole new way to lose all my money
Yep. Same.
It seems like im about to follow the same path. Should I stop? How did it end up for you?
relatable
@@garyedward1925 which books did u read it?
Lool, if you invest in stable ETFS or something instead of putting limits on yourself by daytrading/options and then stopping out, it's 'fairly' stable.
Let me know when the challenge is to turn $5,000 into $1,000. That's where I shine.
Edit: Wow, you guys turned 0 likes to 5000 likes on this comment 😂
@WeirdoWeeb you don't even go negative? Shame on you man 🤣
@@tissoeh facts he has no debt he ain’t grinding
You guys have $5000 to trade?
@@mohammadnurshafiq24 welllll not anymore
😂
Infinity Algo is best tradingview indicator so far
It doesn't seem to nail it that often.
@@julittok not sure when people are finally going to grasp the common sense....if there was a perfect "can see the future" indicator/algorithmic predictor....there would be no market, because there would be no losers for the winners to ride on the backs of.
I'm a profitable and experienced futures trader now, but over many years lost money trading futures. It's hard to be consistently profitable. I really respect what you did here. If you would have stopped after week 1 everyone would have thought how easy it was trading futures and would be a bad example for people just starting out.
Obviously most people loses money doing this crap
Hey bro i am new to futures and i want to start do you have any tips for beginners?
When you say “am” vs “was” that aligns better with reality. The only ones who can claim to really be profitable are those who do not trade anymore. Then there is no way the future can screw with them. Ask Jesse Livermore if you don’t believe this.
@@Everyday_fitnessxdon’t do it
@@PepeCoinMania yuh. its the same as a casino. in order for a few to win big, or win at all, many have to lose. It's funny that so many average joes think, "hey this is an easy way for me to just make some quick passive income with minimal brain power. If that was the case, every market would immediately crash. the money has to come from somewhere, that somewhere being the players losing.
For a minute there I thought you were going to present a rosy picture. Thanks for being honest, you probably saved some people a lot of money and heartache
glad i failed in a way.
@@DanielInskeep man I swear you were gonna be like I earned 10k In 10 days haha good to see exactly what happens to most retail investors, you have to loose money first to learn the real lessons and gain perspective that otherwise would not have been attainable.
@@KrisLacho Day trading is not investing, and yes most retail traders lose money. Most people should just buy index fund shares and call it a day lol.
@@Thezftw Yeah, if you pay closer attention instead of just regurgitating statistics: those day traders give up and close their account within 3 months. How the hell are you gonna be successful at any skill within 3 months lol
@@stankozubenko8520 Yeah, I would def trade a lot on a demo account for those 3 months before I even think about trading with live money in there so you can understand what you are doing. Trading with $1,000 is feasible, he even showed it in the video that it is possible to make profit, but lack of experience and discipline will kill any gains you would get
Finally someone that didn't get a Lambo by daily trading and some honest stuff out there. Kudos bro'!
That tiger is worth $50k, might jump start a new account.
He can buy one, but he probably won't go off the title and show off
A Lamborghini is a marketing tool and business investment for someone trying to make the bulk of their money from selling courses teaching people how to do what they are doing. They rarely if ever buy those mansions and exotic cars with the money they make from what they are trying to teach other people to do.
@@andrewlander951 Actually, right kinda
Id rather have a r1
Sometimes it's difficult to make it in trading even with good tutorials as this many will struggle to make it.. not easy as it seems
Watching tutorials here doesn't guarantee you success... you re better off getting help elsewhere
@@samsonyikes471 It's like you don't read what I typed... I have seen better tutorial but it's all the same.. these so called professionals are making a lot of money post videos here on youtube
I wasn't taking about getting help here. Let's be serious not everyone makes it in investing even these so called professionals
The financial markets seem to be suffering more than the real economy from the prospect of further Fed tightening, I seriously need suggestions on how to diversify my $50k portfolio in a volatile market.
@@Marthawill The market is volatile at this time, hence i will suggest you get yourself a financial-adviser that can provide you with entry and exit points in the Forex market you focus on
Shell-shocked financial backers have a lot to think about and losses to recover from after a terrible 2022. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down, which implies that portfolios will experience more losses in the first quarter of 2023. I'm currently at a crossroads deciding whether to switch my $250k security/stock portfolio; how may I profit from the ongoing uncertain market?
True, we’re only just an information away from amassing wealth, I know alto of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@@williamrichard6123 I am guided byJulie Anne Hoover I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@@marcelrobert9569 She really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. I left her a note and booked a session with her
you can't. it's not said much but there are times when u. best stay out...volatility is useful, up to a point, but if fundamentals are awry the risk rises accordingly. once the risk is greater than 10% it's all no good, for safe money is better. Buffet and his gang of dip buyers start squeezing wholly owned subsidiaries and selling more auto insurance-- if the dividend isn't high they sell; and that's a glue to always make money; they buy back there own shares; or hedge w/gold which is what the small guys do. I don't do day trading because I never identified an error in short position trading, which is all day trading really is. It's not the way you trade it's how you read the markets.
Gay bots are gay
One of the best trading vids I’ve seen, and no trading course mentioned!
@@juicymullet585 Bro every youtuber does this, I mean why wouldn't you?
Great video! Lot of information
@@noahwhipkey6262 Diversification of income is important. While affiliate links might seem "scammy" their really not. Their just promoting brokerages that are actually pretty good and in return they get free stocks. What is scammy is when they tell you to buy an overpriced garbage course.
@@drcola143 brokers dont need more promotion. getting free stock so that thousands of people lose their money gambling in the markets due to inexperience is shady at best, and like i said, more like a scam. dont defend those pieces of shit, makes you look bad.
@@noahwhipkey6262 He just showed himself losing all his money. It's a real-life example of what happens when you don't know what you're doing. If someone watches this video and then immediately try trading without experience, that's their fault. If someone has the experience, watches his videos for entertainment, and decides to pick up a new broker but see's their favorite content creator gets stock from their affiliate link, why not? Scams are made to trick people; this doesn't qualify by any means.
I appreciate the transparency and brutal honesty in this vid. This experience is a true reflection of millions of traders out there, I'm sure.
Most give up within a year or so. The reality is it can take years to be successful so this isn't really the best opinion.
esepcially the 99% of fake gurus that turn 1000$ into 100.000$ just to sell you courses of affiliation from brokers, they are all about in a ponzi scheme.
brutal? you really are a petal arent you?
Anybody who puts money in the stock market will lose it all.
that’s categorically false.
@@DanielInskeep that's what everybody keeps telling me.
it's true that most people who try day trading will lose. it is hard and takes years to become profitable. but plenty of people are able to do it professionally. others can just invest for the long-term in the market.@@Marbledesert
@@Marbledesert my dad actually bought his Tesla off the $ he made from Tesla stock. Trading is definitely risky business if you dont know what you’re doing, but like with any job, if you put in the work & do the research, success potential does exist.
True, this is why no one on earth has a pension. I wonder what happens to the trillions of dollars that flow into stocks.. must disappear
You seem calm, composed, and very honest. Really appreciated this video. Looking forward to more!
Here is a little trick from someone who gambled for a living in the past:
If you start with say 1k$ and you make some profits never use it in the beginning. Always use your first 1k$ till you made enough to now invest 2k and so on.
Also set yourself a goal for the day/event. Do not get greedy. Say your goal is to make 100$ a day then just stop if you reached it. If you can hit this amount everytime or it getting quicker set a new goal and stop if you hit it.
indeed, everytime i go over my profit goal, i lose money lmao
To set a goal is definetly important. But what do you mean by "never use the in the beginning"? I dont get that thing about the first 1k 😅
@@philippmartius Oh, sorry for the Typo.
If you make some Profit do not use it. Most people use the profit they made to make higher bets (talking mostly about poker here) or even playing higher games (1k, 1.5, 2k)
@@IronBrutzler I see, thanks for the answer!
@@IronBrutzler so you think poker is gambling? I thought you was talking about house games but ok..
The problem started with the expensive zoom call lol
indeed, he should blame his family
ikr..his confidence probably goes down since that drop xD
Yes, screw Christmas xD
Distracted trading. My biggest losses come when I try to "multi-task" (really "rapid task switching")
Never ends well.
Classic waste of business resources.
Hey there, I have been trading for about a few months now and just about every trade slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis and MTF analysis, but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take(I know, it sounds stupid but I was desperate) and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?
Gave this comment a like because it made me laugh 😂but seriously in the end it comes down to experience, you can keep trying different things until you find the one that works or you can find someone to guide you.
@@ricktyler4397 So in other words pick a preferred TF to trade and study the one above it. Draw a single trend line. Study it. Look for overbought or oversold situations related to that trend line and either go short or go long right?
What you need is enlightenment, read more books on the subject, Have you heard of the Pip quotient formula? reading this strategy book for example it is all you need trust me.
@@HoraceDRigby What is and how good is the Pip quotient formula?
@@HoraceDRigby I'd like to know that as well? I'm doing a google search on it right now. but tell me your personal experience.
The best video I have seen. The honesty is amazing to see. You gained a follower here. I hope you do great things sir. Best of luck
Moral of the story: don't trade on Wednesdays
I wish I was a pro investor too lol
@@lindatyler5437 Probably I would need a good investment advisor, currently registered a verified firm before I invest.
@@nancyjanegluck921 Thanks
@@nancyjanegluck921 thanks so much
@@nancyjanegluck921 Thank you
We're out here learning from your failure. Much respect man. This is the content I wanted to see. Thank you for this
I appreciate that
He didn't exactly fail that much
@@VSader What he*should* feel is not really the point. That's relative. But I felt that he felt disappointed.
My thoughts exactly!!!
@@VSader He lost all the money he earned in like 3 days, idk what you describe as failure in your own vocabulary but this comes pretty close in mine
Dude! I have mad respect for you! The level of transparency you maintained *even while losing trades* was the model of how this should be done for most youtubers, especially businesses. Kudos! I found you while searching for something unrelated (though I've been searching for a lot of trading vids lately). I started March 2021 with $1,000. so your title grabbed me. But what blew my mind was the info on futures. I knew nothing about them and your video opened up a new world for me. I'll be deep diving your pool of knowledge and let you know how I fare after an initial test run. Thank you ever so much!
How did you fare, brother?
This was pretty awesome, thanks for the candor. Wish I knew what you were doing... like what prompted you to enter each trade (or even just a couple of them). I feel like I get how it works now, but not what factors move the candle on any given future, and what you based each trade decision on.
This was actually REALLY good content. Highlighted the ups/downs of trading, didn't sell anything, and illustrated the importance of both LUCK and discipline. Well done.
if you made it to the end, you know why i NEED that thumbs up button on this video to be hit!
F's in the chat
What's a good place to start a demo account?
Question. I started a gofundme account to pay off my 80K mortgage within a year. I work a full time job and I cover my family's needs. I'm married with five kids who my wife and I homeschool. Am I wrong to ask for this? I mean I don't know if everyone realizes this but it would save me 40K in interest payments over the next 25 years and allow me to spend a few more precious hours teaching my little ones. It would also give my family financial independence which is something I want for everyone. Again, am I wrong for asking this?
@@Wolf-wn6nk who am i to say? i wouldn't do that personally, because i took on the financial obligation of a mortgage and the interest is a known factor and you accept that going into the agreement. it's my financial obligation and i shouldn't pass that on to friends and family because they likely have their own obligations as well. they could be paying down their own principal. but you do you, i'm not here to judge.
Hi which ema's did you use?
Kudos to you for your honesty, that's a hard thing to do (exposing yourself to people's opinions, and your own)
Honestly glad to see this be so raw. A lot more to glean for watching your account get rekt! Appreciate your authenticity and you've earned yourself a new sub!
I respect the hell out of your honesty. Learned a lot, didn't feel sold on anything, you get a subscribe from me brother. Keep at it.
Same!
I just liked the fact that he did not have "and here is what happened" in the title
This just got randomly recommended to me by TH-cam, and boy am I glad it was.
Editing quality is top notch, and your honesty really builds a trusting bond with your viewers, great job !
Same here 100% agree
Same
@Daniel Inskeep This isn't actually him btw
I think you underestimate TH-cam recommendation systems if you think it popped up "randomly"
@@JohnWalshny yeah I know how it works, but the reinforcement learning algorithm is made do sometimes it generates random samples from stuff you don't watch to check if it would eventually interest you
You are right! your explanation is easy to follow up and very educative. thanks
@harrison kevin I’m confused about what counts towards the % in “Save 20% Income” and I’ve had this question for a while. When you talk about this number, do you count the money that goes into retirement accounts like your 401k and Roth IRA? Or is this beside that? i keep losing
One way to make money here is to not be greedy set your brackets like this.. stop trade is you losing over 20 and sell trade if you gaining over 100$ do this all day and if you have knowledge and have some luck you could make. Over 1k a day
Wow I'm just shock to know they're people who still lose like me, I thought I'm the only one losing in trading market.
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade??
@harrison kevin I’m becoming so confused due to the market fluctuations , i almost losing all the money I funded on my account trading what I don’t even have ideas
You have my sub for being one of the first honest and straight up TH-camrs I have watched
props for being so real with the outcome, solid video =)
This video was extremely helpful and entertaining. I just learned about futures and your video has been the most helpful thus far.
Day trading is like closing yourself into a room with no windows and try to guess what’s happening outside
BUY HIGH SELL LOW. THAT IS THE SECRET MY FRIEND....OH AND LOTS OF FOMO
I am that person
Can you explain? (New to trading) I figured it better to buy low and sell on profit?
He is being sarcastic. Read a lot before you even think of investing. Can already tell by your question you would loose money lol.
@@kenichi1132 I mean I’ve made a good amount of money my first week of trading cause I’m simply just doing what I said and if he’s being sarcastic that’s fine- least I know now- but I’ve just seen people make money even when the stock is going bad.
@@abedin_o there is an option for short trade where you buy high and sell low and it makes u profit look it up
Futures is absolutely the best Jimmy Eat World album. Severely underrated.
😂
That was very good. i was surprised how realisticly you described what happended and i learned from you. Thank you and good luck.
This is one of the first day trading vids where the person actually shows themselves trading and explaining directly what they're doing
The number one way you messed up was what you said at the beginning, you didn't have a good plan and then secondarily you were basically risking too much each day. You should never risk more than about 10% (i'd say as a seasoned trader - but a new trader, 1-2%) of your overall account on any trade. Though I get what you were doing and honestly, most people do that exact thing, take the little bit of money they have, and trade on it each day. I started with 1,200 dollars and and in the beginning I would take a 100 dollar trade with a stop loss of 5 dollars (basically if i lost the trade i would come out with 95 dollars). It worked well for me and it really helped me get through the learning phase, because there is only so much paper trading can do and with small trades, i get all the experience and my bad trades were minimized and my good trades even if making 10 dollars or 15 dollars, were accounting for any losses i incurred before so for my case after 6 months i was break even and then i closed the year out with about 400 dollars profit which was amazing
but very enjoyable video subbed.
When your account was up around $2,000 or so, you should have pulled out the original $1000, so all you're left with is the new money to play with. Then if you lose it all, you still have your original amount so you can try again. Good luck and nice vid on reality.
This got no likes I totally agree
Or everytime you make like a grand profit, for example when his profits go up to 2k so he has $3,000, he could pull out the $2,000 he made and start from the beginning with his $1,000 he was willing to "gamble" from the start and not touch the money he made even if he blows the $1,000
@@daasfynn7034 this only really works if you already know how much profit you can expect and is enough for you, otherwise you are bound to miss out and maybe even fomo buy
There's something interesting about just starting out and making solid gains. You have a different mind set initially; no biases. You're open to the market information, and not willing it to go in some direction, or another. You simply observe, and respond. After a few days of success, you think you've got a handle on it, and that's where you start making mistakes. That's the key to "beginner's luck", and I think the knack lies in getting back to that mental state when trading.
One rule of mine is to set stop loses to prevent me losing gains from the previous day. If I get to the point where I started the day with 5k I made trades and now I have 6k the moment I come back down to 5k I’m done for the day also I typically shoot for a 3-10% depending on how comfortable I was with the day determines the finishing gains idc if I’m in a short squeeze idc about nothing my max gain every day is 10% I’m not looking for 11% idc about making 50% or even more than that, I’m done for the day after 10% greed has killed my vibe greed has blown up my account greed will have you watch 9k turn to 75k and then you watch it go all the way back down to 25k I’m not making dumb mistakes like those ever again.
do you have any suggestions on how to educate myself
@@leopers9225 same
@@leopers9225 same
Just put your profits in an index fund
Great advice !
nice very transparent, not all youtubers would show the losses. great video!
Even though you lost in the end. This was such a helpful, informative, and real video. You weren't just selling sunshine, like so many other people do! I appreciate what I learned here.
Great video once again ! Loved every second of it!
You pushed me to start my TH-cam journey so thanks for the inspiration !
I am looking for a way to add a second income to my present financial status , I tried stock trading last year, I lost my trading money, this time I want to try again. I do not want to do it all by myself, I need good financial advice from a good strategist. Any good advice will do for now.
Have you considered getting the services of a good financial consultant or a good financial adviser who knows more about stock? You should, in fact that is where you should begin.
I will like to have more closure on this. What will you advice that I do now, I don't wanna loose money again.
How do I get her contact? I need to contact her ASAP.
I google her complete name I am contacting her now thanks.
Man these vids are high quality. Keep them coming
This is so exciting! Thanks for being transparent and sharing both sides of the story! This video is invaluable
Wonderful Video Mate.
Thanks for the honesty and everything. You are amazing
Yeaman. Liked and subscribed !!! You deserve it for your honesty and integrity. Very good quality content!! Thanks for sharing your experience with us all. Respect!!! Stay safe!!!
The editing is smooth and easy to watch. I really liked that
Daniel is the real Man, Doesn’t cap! Kudos Man!
I appreciate the honesty of this video. Big thumbs up!
Great video, thanks for explaining how it works!
Looks fun to try.
The longer I stare at the brim on that hat, the bigger it gets.
That is quite the large brim
Omg man now I can’t watch the video without looking at it 😂😂
wow, now i'm self-conscious.
The hat brim is designed to downsize the forehead BRO
looool
Bro this was astonishing definitely worth the watch.
thanks, joey!
Very transparent, appreciate your honesty and effort in making this video 👍🏻
Dang you kept it real 👏
After seen many video, your the best I've seen and explain better
i started working with you......I know I’ve changed a lot that really helped me to become a better person inside and outside....you are one of the reasons why I’m always trying my best.....You have influenced my life in such a positive way words cannot express my appreciation.
@@Supermausie he has really helped alot of people true
he is a great man he really helped me grow my wealth alot im happy with him
The platform I'm using in this video is called Tradovate. Not sponsored, not affiliated, no referral link. Just a solid platform for futures.
]
Do you know if it works for customers outside the USA?
Does it work for Canada ?
Does it trade FX?
@Daniel inskeep SCAM
Subbed and Liked just because of the Jimmy Eat World reference, and totally agree with the best album choice! Thanks for the great video, and you showcased the content really well. Had NO understanding of day trading, and this was by far the most digestible and informative video I've seen. :)
Awesome video, Brother. Appreciate the transparency. Sorry for the losses, I hope you get some big W's later.
That's an amazing challenge pal! I was wondering if the ''beginner's luck'' will hit you but I'm actually glad it didn't - as you said urself, it would have given the audience an inadequate view of this domain. Fail isn't always a fail - well done ;) Keep up the good stuff ! Enjoy your evening.
Daniel you're playing with fire to show us the outcome, thanks for this buddy
thank you for a very honest and transparent trading video. Good luck with you trading.
I used to trade futures. I lost 70k in the span of 2 days. The reason for this was not sticking to my trade plan. I have hours that I trade 9am-11:30am EST. Each day I try to make $500 per day. I set my stop to pull me out at $100-$200. My advice is create your trade plan and stick to it.
Same for me. I have so far only lost 1k, but sticking to a strategy that has a win rate over 50% is crucial. If you go into trades because of fear of missing out, it's much more of a gamble.
"Take a break from losing money." Haha that was a good one.
00:56 Futures price movement is impacted by options flow fyi. The ES, for example, is used by dealers to hedge their positions.
Well explained I really appreciate your knowledge
Thank you for showing the actual process WHILE explaining. Perfect way to start understanding the stock trade .! TY
Random recommendation. Loved the honesty in this video. Would love to see the further progression ✅
You start feeling the pressure when you trade a couple thousand a day, if you have to also pay rent with that, ha.
@@dailyfuturetrades4998 start with less, 100 o so
@@hispantrapmusic301 made the step a couple of months ago and feeling confident, but thinking what to do when the next big crash comes up
@@dailyfuturetrades4998 take care bro, I am going to start in new field today or tomorrow with 100 and let’s see if I can make 500-1000 this month. But please take care, good luck
Daniel, I’m a complete day-trading novice but your videos, teaching, video style is pretty great! Keep it up man, I’m learning a ton!!
The stock investing strategy by Rex Coleman is a brilliant, well researched and motivating debunking of "you have to loss to learn" I have noticed for years that there is a different way of trading to be profitable, and the fascinating research and engaging investment plan by Rex's trading view have created not only a solid validation of that principle but also a practical wisdom and techniques for being a profitable trader
you can reach Expert Rex Coleman for guidance
Please never stop uploading 🙌🏼❤️
Thank you for this bro. Awesome video
As a former trader on the Chicago Board of Options Exchange, I have to say this video was quite refreshing. It's nice to see honest content about how quickly things can (and probably will) go against you. One thing, and maybe I missed it, is I think you should show how much your commissions were. Yes, you lost 1000 bucks, but I would bet that you actually traded very close to neutral, and that your commissions were the 1000 bucks you lost. That's what usually happens to most people since they are essentially flipping a coin. I'd also think another video explaining your tax situation after trading is something that merits investigation. I think most young traders go into this not realizing that at worst they might get a surprising large tax bill, but at the very least are complicating their tax situation--you probably won't be able to file that 1040EZ (if that's still a thing) anymore. Anyway, you earned a like and a sub from me. Great video!
Very insightful comment, thanks!
He payed 350 for 0 Commi fee.. tayq
Maybe try only trading with 1k and save the rest until you make your goal 🤔
That's how rich people stay rich, invest their money and only spend the return, never the principal, which means they stay rich, big brain
That’s what I did. I never go beyond my set limits. You have bad days and good days, but you’re always within a comfortable zone.
@@andrewe.8321 can you detailed your trading plan?
@KYR6Z build your comfortable long term bull theses over time and add to them until they're the backbone of your portfolio, then take between 1 and 5% of your entire capital to speculate with. Have a plan, don't be too emotional, and quit trading for a day while you're ahead. The same applies for losses. Don't force trading. Take the time to educate yourself and if money is an issue, make a real time paper trading account to learn
That’s what I’m planing to to I will only use the money I put in and my profits won’t be use I’m just confused on how to get that set up like he has it
Very much Learned some do’s and don’t here! Thanks for the vid my friend.
I loved this especially how Daniel is so brutally honest with himself.
You sorta didn't lose, you gained experience and knowledge which is invaluable. He who dares wins.
First video ive seen where reality is mentioned. Thanks for taking the challenge and guide people to know what to do and what not to do. Also to study and get discipline and strategy as the key elements to success here.
Thanks for the info and great videos
amazing video! Thank you for being honest!!!
it's the folklore hoodie for MEEEEEEE.
love these videos, thanks for always being so transparent!
This vid is lit hahah, glad to see someone being honest about trading. Thanks for the vid.
Great video. Appreciate the honest talk.
This is a very honest take. Thanks!
The IRL version of turning 1gp to 1m in Runescape lol
We were all week positive and today took a mayor hit bc of not following our "stop rule." Do not give up on it, thank you for the honest feedback.
Thank you for making this video and your transparency.
I subscribed and liked the video because of this.
I’ve watched hundreds of tutorials but you’ve by far explained this the simplest
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After watching several TH-cam tutorial videos about trading I am still making losses, please I will appreciate any tips or pointers
Venturing into stock/forex trading with no basic knowledge about the market, you might lose all your hard-earned money.
Successful trading require discipline, patience, adaptability, mental toughness, independence, and forward thinking.
When I ask my followers from different platforms what are their immediate financial goals, most of them said that they want to make their first million. So that's what we're doing today.
@James Brown So how do they do it?
It would be interesting to actually see you get better and consistent at day trading, keep it up bro
That's the plan!
@@DanielInskeep I go to a school called TradePro Academy online. They teach options, futures, trading psychology, and regular stocks too, and I personally really enjoy it. Great place to start. You know they're not a scam too bc they have a money-back guarantee if you don't like the school. You can also pay with PayPal. If you sign up with them and use their broker, you'll get discounted commissions, and you don't have to worry about the 25k rule. I'm not gonna sell you on it anymore bc I think the school speaks for itself, and I'm not being paid to advertise or something lol
@@DanielInskeep also, good luck!!! (:
@@jaquicx9500 Not really worth paying for. You can learn everything for free.
yeah, only, how much is that gonna costs him? lol
OMFG DUDE, thank u so much for this, the information in this video is TRULY invaluable!
while i can only imagine how u must feel about having lost the $1000, legit this video will help so many people!
cheers!
Your video are the Truth. Thank you for your honesty in trading win or loose. Your a winner for sharing the truth abt trading futures along with a great attitude. Keep up the great work!
I appreciate the honesty and no trading course plug. Props to you bro. I will go ahead and like and subscribe due to these reasons.
That was really interesting to watch. I really enjoyed that you showed the ups and downs (pun intended) of day trading. I always wanted to try it my self but was hesitant cause I can't afford losing money
Absolutely fantastic video! Thank you
If you wanna be successful, you most take responsibility for your emotions and and look outward, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You most look outward if you wanna be successful in life.
Sure! Is a better way to counter this foreseen inflation
Living in one's "comfort zone" is a contributing cause to the plight of young people.
You most be willing to make sacrifices and leave your comfort zone if you wanna become wealthy.
Success is grace and favor not hard work alone. I am successful today in the ways and manner I invested my daily earnings, and let's stop always looking inward.
Fear is a total failure when you give up Ambitiousness; and Success is a game of dice, you throw your $coin while your investment decides your goal.
Great video. I'm a little confused though. If you set your sell thresholds (stop loss, etc), shouldn't that prevent you from ever losing more than you put in minus fees? I know you said a few times that you had trouble setting them properly. How big of an impact did that have on your ultimate balance? I'm totally ignorant of trading and genuinely don't know anything about it.
Complete props to you for posting this. I had a similar experience day trading where initially the first few weeks i was averaging 1500 a week, then took HEAVY losses and since have mostly stopped day trading.
It really is a high feast or high famine
i honestly learned more from this than any other video thank you
From how truthful you are about the trades, you definitely got my follow from that...