Why You Should QUIT Day Trading
ฝัง
- เผยแพร่เมื่อ 1 ต.ค. 2024
- Why would someone get into trading when 95% of traders lose money and quit?
#trading #forex #investing #finance #forexeducation #tradingpsychology #investingtips #financetips #daytradingtips #daytrader
It's ok to trade but keep your day or night job while you do it until you are established.
My 9-5job is also delaying me to make good money, the best trades are when am out there doing what doesn’t even pay out as much as the Fx market 😡
Yes sir!
@@toivotishahpeyonyofi6112 going thru this too bruh .. u cant work and trade at the same time its hard with some jobs cool but with some no
What s the ideal scenario to quit the 9 to 5?
Is it when you've grown your account over $100,000?
$250,000?
@@PinoyWestLondonBoyEscapes only way you can grow that type of money is when u trade full time tbh..
Don't let anyone ever tell you, "You can't"... Don't Quit.
You cant jump off a bridge
thats the stupidest way to encourage young generation to start gambling on these
If you have a plan... You study, you practice, use technical analysis, fundamental analysis, understand chart patterns, candlestick patterns and have a good strategy and you know your edge in the markets then it is not gambling. Though they are similar it is not a gamble if you know what you're doing and it has been proven time and time again. Fortunately for someone like you we always need average people with average jobs! So thank you! @@anantrana2190
99% of gamblers quit before winning big
I mean i dont really see it as gambling considering Im not even what I would consider a very knowledgeable great trader and I still been in profit for 3 and half years straight on a terrible platform (Robinhood) (now learning how to make a trading bot on Charles shwab) but yeah I barely had to do anything to start becoming a profitable trader it’s not that hard
To pay the house for my parents. All I want. Then I can die in peace
same here
same
True but what if it does😂@@Unknown-zs8ex
@@Unknown-zs8exwell actuelly it does make you good money but you need to be pacient
@@Unknown-zs8ex You sound like every person that doesn't day trade and never put actual time into it, otherwise you would know the statement you just made is false.
Quit quitting......learning from failure leads to success and is an individual experience for everyone
But you know that this number can't be much hire. Like in cards, if the sum of money is limited and everyone is learning what will change ? Nothing still same % people will lose. And some are lossing money earn by generation. I am playing but never will ask somebody to earn this way.
Trading is a skill. It is a Lifetime skill that will allow you to provide a life for yourself and others if you persist. But you must dedicate yourself to learning.
Nah that's a lie ,a trading strategy can stop working due to changes in the market. It's a hardpill to swallow
💫 Success in trading isn’t about intelligence; it’s about mastering yourself and your emotions. 💫
I often find it baffling how people expect to master trading without prior experience. Like ANY other profession, you can’t just walk in and excel from day one. It takes dedication, study, practice, and accepting mistakes. Frankly, expecting profitability within six months or even a year is unrealistic. It’s essential to start small, protect your capital, and focus, self-control and discipline.
Anyone with a normal IQ can eventually learn the trade, but the winners will be the one who mastered self-control.
Trading has taught me a lot about divorce and who my real friends and family are😮
Because it wasn't working out at the beginning?
Because he didnt know his bbf was going be his lover
How's it going now?
What happened? They abandoned you in your losing days, then tried to be friendly once you became profitable?
😂
TO BE TOTALLY HONEST? Like really honest?
The money is cool, Yes. Money Good.
BUT...... To be completely honest?
I'm into trading because its freakin FUN bro!!
OMG ITS SO MUCH FUN!!! I LOVE IT!!
It's a challenge!! I'm learning a new skill!!
I just want to see how far I can go with this thing!
I have NEVER EVER been into money like that.
Never really concerned me cause I didn't like what money did to people. How it changed a lot of people for the worst. SO it's very strange for me to be into something that deals with making money.
I TRADE BECAUSE ITS FUN!!!
And when something is fun to you? You get good at it naturally. So there!!! I SAID IT!!
GOOD DAY SIR!!!
I SAID GOOD DAY SIR!!!! (*Walks out of room)
Because I don't want to be stuck to the employment loop. 😂
I am into trading for ONE reason and ONE reason only - to make enough money to get out of the system and live off grid. That is the only reason and no other. I am not interested in the economy - it stinks. I'm not interested in the fancy cars, the bling, the lifestyle, the fast women, the holidays abroad....all massaging the ego.
To me it's a way of making money to escape and be free. Absolutely nothing else. And yes, I've lived. I've done everything I've needed to do in life. I just want freedom now and nothing more and I'll be damned if I'm working for Mr Big, doing some dead-end job that destroys my soul.
Because i got fired for not supporting lgbt and supporting trump. Also no vaxxed although its all legal my contract didn't get renewed for that very reason. Now I work for myself got funded with topstep and I love it ❤. I'm not a quitter and trading takes a strong chin. You will hit your drawdown you will want to give up and who doesn't eventually will make it.
If anyone is wanting to trade don’t give up! This is my third year in and I got funded 50k still a work in progress but I’m hungry for it 😅
50k after 3 years? I got a 100k and a 50k 6 months in
All our journeys are different tho. We all gonna succeed in the end brother
@@julianvenizelos04yeah i got 600k in 3 days like wtf
@@julianvenizelos04do you still have those accounts?
@@julianvenizelos04tf.. what kind of strategy do u use bro
95% end up losing? Maybe for the first few months of learning trading yes its true but for years of experience the chance of losing is maybe only 20% per month.
Wtf who cares about knowing more than the average person if we end up quitting & not making money???
Knowledge is power. You might use that when you decide to make your own business.
At least you have some profit by knowledge
Imo he’s 💯 on what he said. Anyone that’s has spent a couple of years learning the stock market will definitely make better investment decisions for the rest of their life
my 401k is far better off because of it@@bobdolan72
@V4HlDsoooo true. These guys talking like they make a steady paycheck is such BS
Trading for the freedom
SAME ...
Same
Honestly trading also helps find your true true self not what you thought was your true self. Comes with alot of knowledge even with failure.
This is very true 💕
You have to lose at first to learn the market, thats where the 95% come from
But after learning you up the price and profit 💵💵💵💵
It’s very fun! And a great way to implement the skills I learned in my physics degree. Like coding, probability and statistics, but with a little bit of adrenaline in the mix. I also think that is perfect for a second stream of income, you don’t have to be a full time trader
to me 95% can be applied to any field, any career, any workforce.. it's just that in trading there is only profitable traders and losing traders or breakeven traders(which is also part of losing). while the 95% in other fields or career are the labour workers or middle class workers.. what I'm tryna say is that the top 5% of traders who wins are the same as top 5% of other work fields who are the higher managements or CEO, CFO etc...
95% of traders lose cause they ride the rockets too long. You didn’t make any money unless you sell. I recently bought carnival shares at 11.32 sold and 11.94 and watched it go to 12.34/share after the sale. Gains are gains and you just gotta sell sometimes
When people reach out to me and I inquire about how they blew their trading account it's usually because of poor risk management. Whether that's not using a SL or too much leverage. It's extremely difficult to blow your account with a proper 1-3% risk and a proper SL. You would need to lose 80% of trades and slowly grind the account down.
Welp even though carnival rose like 50% since I made that trade, gains are gains lol 😬Bought into chase right after at least.
@@MoneyballAustin What is SL?
stop loss@@ExpatPlans365
I always take my big L on my 3rd trade while trying to day trade without 25k. I always crush it on 1st and 2nd like this week went up 80% and I wasn't happy with that so went in another trade and wouldn't get out when the writing on the screen screamed GET OUT!! Hardest part is emotional part. And I've been trading since 2017 but have done it every chance exactly 1 year straight. I'm debating putting in the 25k to have the freedom to get rid of that emotion of running out of trades.
I trade because im in the 5% group...i make money from the 95% group.
you'll lose it all one day. A matter of time.
@@RotterStudios haha ....i move the market. My grandpa own one tye biggest hedge fund in the country...wanna join me? 😆
@@Dimensimistis I don't have the money to join you. Would be nice though.
@@RotterStudios no problem brother..just remember "we" always think the opposite of the retail traders" ...if you can fully understand this then yo will make lots of money..
@@Dimensimistis I do need help. I have wasted so much money, and I mean a lot. By the way, I stopped by your channel. I enjoyed the creepy videos. ;)
They quit because they lose money…
I have been at a trading desk for banks and institution for more than 20 years. However, I realised that I have more experience and knowledge than 90 percent of the population. So after I sold my business recently, I realised that I should be doing my own trading because I have a head start of 20 years ahead of all the new traders. So why not?
95% lose because they read and listen to the same regurgitated information that major institutions propagated to take their money. Find the right strat around that and lock in a good r/r and you will eventually be profitable.
Well, the 90% traders that lose money aren't trading at all. Blowing an account within a day trying to make a home run isn't trading. Start small, think Big.
Work in Trading to both escape and not live in the rat race because I don't want to be poor.
I work 12 hour days and can only trade while on my short breaks. In reality, you need to watch it like a hawk and have the opportunity to get out at the right moment. I only trade when the big dogs (Microsoft, Apple, and so on) go down because I know they will come back up.
I love trading but still struggling. I am looking for a way to trade with more confidence and boost my profit side more, My risk management is pretty good, just need to hold my winners longer. Any suggestions would be appreciated!
You ask people to move into trading showing them your big gains not the trades you lost big on, don’t show them your portfolio in order to sugar coat the lifestyle and magic key to beat the matrix, but in reality you know that someone’s loss is someone’s profit. Lot of idiots in the market will not necessarily make you genius but in the long run that habit of gambling in the market will help the 5-6 big gains community to move upto 10-12 big gains.
Its for the freedom of it all
95% lose money because they want to earn quick money. Trading needs proper knowledge and proper education, and never give up.
Psychology you need to understand where you are, I still trade a $10 account just to ground myself and keep my psychology in tact.
I am into it long term . i don't care about losing trades but long term ill smile.
I learn more about myself than about the markets. Markets are what they are ... neither evil nore nice. They are what you make of them I guess.
Trade but carefully and only trade money you don't need for bills and rent trade with extra money and also get help from a professional or long term buy shares.
Trading has set of rules, if only you can follow those set of rules believe me you will be become a successful trader. As a trader make more research as this makes you to see more trading opportunities. Am still a beginner going to 1 year now and still seeing myself I have a lot to learn.
It’s not that 95% lose, it’s that they quit. Just don’t quit, don’t be negative, don’t be impatient, don’t give up.
But you can't be losing money and just be o.k. with it
I'm into it because everybody can't do it. I'm into it for the freedom it brings. I'm into it because you can make a lot of money fast in a short amount of time. I don't recommend trading to anybody I let them choose.
3rd year trader and I’m just now finding my groove. I’m in and out one trade per day and I’m content but I see where I’m going. I have a roadmap in my head and I leave plenty of money on the table. But the losses I have racked up are insane. Slow and steady wins the race and i rather catch 10% to 20% daily than stress over multiple trades. I figure I can double my capital every 2 weeks and keep going that way
good to see your figuring it out. I agree with you! Thanks for watching and providing your 2cents. @@wordtothewise711
@@wordtothewise711How exactly do I learn how to trade? What type of trading is most profitable?
Yo bro, i would be interested to take tips from you, im day trading it has been like 5 months I started, im still doing paper trading cuz im not profitable yet, but I would like someone to guide me
@zeusdavid4104 What kind of trader are you? What's your personality? Not anyone else's yours? I like trading the open for fast money I'm a income trader. That's my personality. I don't let nobody change that I adapt a trading style to fit my personality.
Its crazy now am awere of everything and know how stuff goes
Wrong. Is because i rather trade for freedom to trade my freedom for money
Once you make the breakthrough its all worth it.
Tryna get out of poverty.. jump to middle class.. fuck the rich life just want to be stable
this is me man.. nothing too much just stability i swear
Know about the economy doesn't mean you can earn money.
or even create an income stream even if it is not much
If you stand where it rains, you'll get wet; If you know where the money is, stand where it's falling.
Never having to deal with a crappy boss: another reason to trade.
U mean in total of theyre wallet lose? Or how many lose like even 1$ and stop
I’m personally into day trading because I want to make it a career and life style. To leave my 9-5 and full time day trade as an IBO is what i love.
Im in it because it’s a challenge that not many people can succeed with
The information you'll get from learning will change your perspective of how many things work economically. 100%
100% agree. Trading is my passion and I enjoy it regardless of the results so I don't think I'll ever quit...
Im almost 2 years still cant double my acount from $25o to $500. I learned in-person over several months from a guy, hes really profitable. Its a frustrating journey I wont lie
To work less first we need to work more
I have no idea how to trade and every video I watch on how to trade for beginners confuses me even more lol
Watch this then: th-cam.com/video/9SJy7eKl74A/w-d-xo.html&pp=ygUxbW9uZXliYWxsIGF1c3RpbiBpZiBpIHdlcmUgdG8gc3RhcnQgdHJhZGluZyBhZ2Fpbg%3D%3D
No its 80% of trading that lose
Well, in most fields, sports, careers, professions, entertainment, politics, and businesses, only 5% percent will succeed! And 95% percent won't, and that's a fact like for instance only 5% percent or less of the entire whole world population will live past one hundred years old and the rest of us won't! Hmm,🤔so that doesn't mean the rest of us should just check out and say, 'Oh' I'm going to eat a hot bullet traveling 350 plus mph because I'm not going to live past a hundred years old anyway!!! Well, I, for one, don't want him teaching any of my kids anything because nothing beats a failure but a try! But I think it really means the only thing that can beat failures is the commitment to try, and that's all I got !!!
Have a strategy, be consistent, and read up on trading psychology (accept losses). Overly simplified, but that's the gist of it! Those three things you need to master in order to succeed.
Lack of funds, up till now. I have more time to myself and a little resource.
I think this year will get better.
Good day.
I'm a long term investor only and it has been an awesome wealth builder! Personally never tried day trading or options but I don't have to watch the markets either. I simply buy and hold for yrs and I also earn dividends.
To make a change in life, to improve my standards of leaving, to gain the time and financial freedom and to inspire and show others from my country(zw)🇿🇼 that trading is possible..... Thats y am into trading.
Mazimba hamushaike 😅😅😅😅 irikubatika here mari yahwe. Huyai tikudzidzisei 😂😂😂
Emphasizing simplicity and leisure, I prioritize exploring life's options over settling. Focused on central banking, I aim for financial advancement, prioritizing wisely over immediate indulgences like luxury cars.
It's a little addictive plus I've learned soo much that I can't walk away. My biggest lesson is less is more
The 95% of traders who lose, should be aware of stop-loss hunting by the big money players.
5% of the daily liquidity is by retail traders. This doesn't mean they are a buyer or selling in the wrong place but normally sht risk management.. thoughts?
As long as you dont fully gamble i think is ok
Working corrections..4 16-hour days gets old. Also, my 4 year old daughter doesn't like my work schedule either.
I trade because it allows me to save extra money for things I want to buy. I drive a nice car not because of my day job but because of my trading. I paid down all my credit card debt as well. Can or will I do it as my goto job,...probably not but I will always trade when there are things I like and don't want to wait 3 years to buy...like a nice watch...I also give 5 percent to a local charity. I can't afford more to give but that is ok its something and makes me feel good to do. Godbless you all.
Pay off your credit card first
Beyond the potential financial rewards, trading, to me, is an adventure that only those with guts can withstand...
Appreciate the detailed breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
This is why I’m into it!
For me it's a problem to solve, a puzzle. And if I get it right I'm rewarded quickly. My results are good while 95% fail. I wonder what their Trade plan is? I wonder how they manage/control risk
The most important thing is you'll learn about yourself more than any regular person learn in their whole life..
Trading is one of the hardest skills to earn easy money. And your gain is limitless
I know I'm months late but to replace my income, not lambo lifestyle but replace my 9-5.. just financially stable and not caring if I wont trade for a month or 2.... Exchange in php is already good lol so 10 grand and im set for 2 to 3 months thats it... Travel or do something that is fun
It's not hard once you know the secrets Noone teaches you in a book that's why 95 percent fail. I got into trading because it was a childhood dream when I was young my dad took me by the nyse.
There are no secrets. It's luck and controlled. I used to work on the floor. It's all FD.
But at what cost
No 💯 of traders lose money. Everybody loses money. They just don’t want YOU to make money. That’s the way the system is designed. Can you still make money? Yes in a Trump economy but not Biden economy.
“Looking O’er the Plaza” Ha! THAT is why you get into Trading! You’re from the States huh BRUH?
Freedom
oh only 95% of traders lose? Well that's better than 98% of life insurance agents lose or never make money. If the odds weren't 1 out of 10 there would be nothing specially about being a trader.
I'm here not as a trader, but trying to be an investor. I made the mistake of not building a 401k/IRA early in life so I am trying to make up for a lot of lost ground. So I am not quitting. My quality of life at retirement age may depend on it.
It's the hardest job in the world and it's not meant for everyone.
It's a journey towards self development and seeing the corruption's LIVE streams.
Maybe because I don't know any better and I got bad behavior problems😂😂😂😂
Great video man trading is tough, a better title would be quit trading if you have these traits xyz. Great video I appreciate it bringing people back into reality.
I don't think that stats is correct.
It should be "95% of traders quit before they become profitable, or 95% of traders quit too early, or 95% of traders are arrogant and unable to learn from their mistakes".
If you can outlast the competition, you will win. When you see 95% of people failing because they quit, then ALL YOU NEED TO DO IS TO NOT QUIT, PERIOD.
99% of gamblers quit b4 they win big! =)
Literally flipping coins has more chance of winning money than this crap. Just buy sp500 long term 8% interest rate thats it. No brain usage, boring but it works
Im into trading as you can earn unlimited amounts of money, and also i feel like im smarter than most of the poeple therefore 95% doesnt scare me, but to be more precise only 30% of traders who went pro (i'm talking about pro traders, not sofa traders) not making money
Trade ONLY high probability trades and trending markets. 100% guaranteed success. Your welcome.
Freedom. If I need to wake up and be clocked in working for another person for the rest of my life I’d go crazy. The world is here for you to experience it
The information on how the economy works is useless without the capital you'll lose trading. Invest in yourself and start a business instead
Well at first I was triggered by “quit after two years if it doesn’t work out”, but hey, everyone is trading their time for this new skill. So it’s only reasonable for them to speculate their success.
Mistake are opportunities to rebound guys stay strong.
If anyone is struggling on his trading journey comment I can help :)
Remember 95% loses, that's why 5% take the money, it's basically gambling
Don’t trade for bragging rights..don’t lose money trade long and short on 2 stocks..
I don’t trade yet cuz I don’t have the Capital to do so. But I am working on Getting it!
Because 95% of those losses means gains to the 5%. It's just a transfer of money from the impatient & uninformed to the patient & informed.
99.9999 percent traders are losser, and 0.1 percent profitable are operator not trader so all traders losses therefore trading is gambling if anyone is profitable then just show your 2 years verified pnl I want to see.
i just enjoy trading and counting $ / punching them on the calculator. still work in progress.
trading becomes easier when you trade with a good firm, such as alpha futures and their great PT:DD ratios
So what the hell are you supposed to do with that information about the economy. That information about the economy doesn't pay the bills
Not everyone’s gonna make it… if you’re ok with that, go a head and learn. Good luck.
I quit after 10 years of trying i went threw 20 courses this shit do not work everyone got the same information no new advice that actually works
I have lost a ton of money day & swing trading, but ya I learned about market cycles within everything.
Live in a Rich country then move to a poor country and back again will give more knowledge than trader business
Wondering how many school teachers quit after 2 years 😊