oh man you are so right...and youtube channels are full of them..podcasts too. Robert Kyosaki comes to mind. And big swindler selling books. How about on TH-cam those who sell conferences...like bitcoin conferences ( Blockworks Macro) or access based on a fee (Real Vision) or research subscriptions (JEff Snider's Eurodollar university) or financial conferences (George Gammon -- who incidentally lives in Colombia) . You are SOOO right my friend on these grifters
When someone is online telling people how wealthy they have become,,,,,and yet asks you for money???? Really???? If people send these dishonest people money trying to make an easy dollar, then you are n9t thinking straight...
This is so true it's rediculous!💯✅️ And we can look at the outcomes of so many so-called "gurus" and see that it is. So many "gurus"...but not many can say that their life changed because of them. That being the case, you can't really argue with reality and win. But it does make you wonder, like, what really does make the difference?🤔 What separates the losers from those in the very small percentages? Idk, but I'm definitely going to consider it. And it must be as hard as the exceptions say it is: notwithstanding those who become "gurus" bc they keep losing again and again. That being said, somehow I think the answer, perhaps, is all around us and is clear. And that somehow those who win are not those who continually try to change reality but those who listen and adhere, thus, making reality work for them.
Some negativity in the comments section... The "doing" space is far more lucrative than the teaching space if you are really good at it. Back in 2004 I did a little teaching and coaching. It cost me a lot of money to do it. The real benefit of teaching is learning from my clients. I was able to look at 50x the deal volume and see how others solved problems. When I am fully "retired" my plan is to teach again at a very low price point. The payoff is helping other folks get started and learning some new things... Toby, keep up the good work. Thanks for the video.
Lol that success rate is off. I wonder how many people did they study. And when was the last time they did they study. With technology and information i know that number isn't accurate
If anything, 5% success rate is high. When you day trade, you are competing against armies of the most highly-educated, highly skilled Wall Street investors in the world who are working 16 hours a day to research and execute trades with proprietary software that makes millions of trades per second. You won't beat them with your Robinhood App and CNBC subscription.
It was 190,000 over 15 years in one study and a bunch where it was in the 1000's. All reached similar conclusions. Here is a good study: faculty.haas.berkeley.edu/odean/papers/Day%20Traders/Day%20Trading%20and%20Learning%20110217.pdf?
@@TobyMathis kind of hard for me to believe those numbers because i trade as well as my fiance. I would believe 5% of new traders fail. But only 5% all together is hard to believe. Yes it can be hard initially. But it gets a lot easier the more your eyes get used to reading charts
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oh man you are so right...and youtube channels are full of them..podcasts too. Robert Kyosaki comes to mind. And big swindler selling books. How about on TH-cam those who sell conferences...like bitcoin conferences ( Blockworks Macro) or access based on a fee (Real Vision) or research subscriptions (JEff Snider's Eurodollar university) or financial conferences (George Gammon -- who incidentally lives in Colombia) . You are SOOO right my friend on these grifters
Thank you for watching!
When someone is online telling people how wealthy they have become,,,,,and yet asks you for money???? Really???? If people send these dishonest people money trying to make an easy dollar, then you are n9t thinking straight...
Can you talk about supposedly new LLC reporting/disclosure or registration requirements?
I will do a video on the Corporate Transparency Act - it takes effect in 2024.
@@TobyMathis ❤ That's great to hear, and thanks for the response. It was a nice surprise.
This is so true it's rediculous!💯✅️ And we can look at the outcomes of so many so-called "gurus" and see that it is. So many "gurus"...but not many can say that their life changed because of them. That being the case, you can't really argue with reality and win. But it does make you wonder, like, what really does make the difference?🤔 What separates the losers from those in the very small percentages? Idk, but I'm definitely going to consider it. And it must be as hard as the exceptions say it is: notwithstanding those who become "gurus" bc they keep losing again and again. That being said, somehow I think the answer, perhaps, is all around us and is clear. And that somehow those who win are not those who continually try to change reality but those who listen and adhere, thus, making reality work for them.
Thanks for watching!
Some negativity in the comments section... The "doing" space is far more lucrative than the teaching space if you are really good at it. Back in 2004 I did a little teaching and coaching. It cost me a lot of money to do it. The real benefit of teaching is learning from my clients. I was able to look at 50x the deal volume and see how others solved problems. When I am fully "retired" my plan is to teach again at a very low price point. The payoff is helping other folks get started and learning some new things... Toby, keep up the good work. Thanks for the video.
Thank you!
There’s a big difference in risk and results between swing trading and day trading and investing.
I love you Toby and your infinity investing, but don’t u sell a course.
We offer free workshops at both Anderson and Infinity! We hope you consider attending one 👍
Lol that success rate is off. I wonder how many people did they study. And when was the last time they did they study. With technology and information i know that number isn't accurate
If anything, 5% success rate is high. When you day trade, you are competing against armies of the most highly-educated, highly skilled Wall Street investors in the world who are working 16 hours a day to research and execute trades with proprietary software that makes millions of trades per second. You won't beat them with your Robinhood App and CNBC subscription.
It was 190,000 over 15 years in one study and a bunch where it was in the 1000's. All reached similar conclusions.
Here is a good study: faculty.haas.berkeley.edu/odean/papers/Day%20Traders/Day%20Trading%20and%20Learning%20110217.pdf?
@@TobyMathis kind of hard for me to believe those numbers because i trade as well as my fiance. I would believe 5% of new traders fail. But only 5% all together is hard to believe. Yes it can be hard initially. But it gets a lot easier the more your eyes get used to reading charts
@@tgp9496 agree 100%