Teaching You To Trade

Why do you bother making all these videos trying to save the economy? if you're such a good trader why don't you just teach us all to trade and then we could all be millionaires...

*Apologies about the beeping fire alarm (filmed at the same time as last week's video) It has now been addressed - Simran

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SOCIAL MEDIA:

Performed by Gary Stevenson
GARYSECONOMICS

Produced by Simran Mohan
MOHAN MEDIA

TIMESTAMPS
00:00 - Why not teach us?
00:40 - I Was a Trader
03:00 - Covid19 Economy
05:35 - Trying to help Friends
08:13 - Trading is Dangerous
09:29 - Problem Gambling
11:18 - Trading Platform Design
12:56 - Can You Compete?
14:17 - Ordinary People Struggle
15:05 - Investing Vs Trading
16:39 - The System
17:34 - The Bottom Line

[humblemanifestofriches]

It’s actually beautiful seeing someone who has been a non retail trader tell retail traders and potential gambling addicts the truth about their situation instead of selling them something.

[ritcha]

This is what it looks like to operate with integrity. ❤

[blessedblem]

Well explained. Thanks for bringing up the videos financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.

[Karl_with_a_K]

I'm a very cynical bloke and yet all I can see is you giving people very very sound advice. This cycle of the rich and super rich asset stripping the middle and lower classes is something I became acutely aware of around the time of the 2008 global financial crisis. All the big banks and investment firms were given massive bailouts from taxpayers money, the value of assets especially property tanked and they either took them as people couldn't service debt or bought them for practically nothing. Now it's happening again... this is what they want... "to buy your mums house" and keep you in financial poverty all of your life. Something needs to change, this cycle needs to stop.

[davebiggs]

I’m a late starter due to various reasons. These days there’s so much information and opinions and dream sellers. It’s a real blessing to find integrity and conscious honest realism. Thanks for taking the turn on your path that you did. You’re giving me the life lessons I missed. Peace brother 🙏🏻

[mruniqe]

An absolute breath of fresh air. You are a rarity in this world, and especially the financial world. Not only have you been on an incredible journey, you are now sharing the brutal knowledge you have learned with honesty and clarity. Only a handful of people really do this. A pioneering voice that stands out among the bullshit noise of youtube "financial advisors". For honest advice, you sit alongside Buffet and Munger in my book.

[geoffarnold]

Very wise words Garry.

People: Don't get involved in trading unless: 1. You can afford to lose your capital; 2. You have a very sound understanding of volatility, correlation and market risk management; 3. You able to disconnect your decision making from your ego (don't get over confident from wins nor cling to losses).

[zidermakesispooky]

I stumbled across this by accident and it was very sobering to realise you described me to a T. I started trading with some initial success as I wanted to escape the debt I had accumulated just trying to support my family. Fast forward 24 months and I'm in the hole to the tune of 25k and it's near impossible to recover. People who can afford to live comfortably don't ever feel this pressure, betting shops are not full of rich people because they never feel that same sense of inadequacy a 'normal' person feels just trying to get by.

[fvb]

I agree, trading isn't a get rich quick scheme. However you could make money in the market by learning, improving and understanding risk management.
The problem is that most people just want the outcome without putting in the work, that is not going to happen.

[Google_Does_Evil_Now]

Thank you Gary

In the 1980s Black Wednesday when they put interest rates to 15%. Enormous numbers of people lost their homes, businesses, and these were auctioned at a time when regular people didn't have money to buy them. So the rich buy them at half their market value.

Then they sell them back to us in 5 years time once they've doubled in value. They sell them to us once they double their value, and we buy them with mortgages that are bought from them!
And they give us those mortgages with money they got at a lower interest rate from the government. Which is funded by our taxes! That they don't pay.

Once you start to see how it all joins up, and where we fit in this.
You can see that they just exploit us, over and over, and over and over.

This is why they have to influence, own, the media.
This is why they have their Mansion House get togethers - the rich sitting with the economic politicians, as well as well their other get togethers, chats and planning.

The British people are a cattle farm to them.

They treat us like cattle.
Dragging the elderly, some with covid, from hospitals and driving them to care homes where they would infect other elderly people, who died. That's like how cattle are treated. Not people we care about. Many examples of severe policies.

Just look at how they cut wages, in real terms, during a prices crisis for food, bills, etc.
And after they deliberately crashed the government with an extra £100 billion in debt by Liz Truss - this debt was sold from rich banker lenders. They made huge profits and commission.

Kwasi and Liz are sitting golden, because they helped their guys get serious money. Nothing went wrong for the rich in that moment. In fact everything went right.

And the 2 million people that will now struggle with their mortgages are a fat juicy target waiting for the rich ruthless to buy those repossessed homes that will go to auction for much lower price. The price will be low at that moment because few people will be able to afford to buy them.

Rishi Sunak is closing the local swimming pool in his area where he is an MP while at the same time building a beautiful luxury swimming pool in his house just for himself. Using Non Dom tax avoidance. Whom he won't tax. Because it saves HIM millions a year.
It would have brought in £3 billion + a year from drug tax avoiders.

Etc etc.

The more we look and think about how it's all connected the more we can see how much we're being exploited.

We have to get political and we have to protest.

Maybe a 30 minutes walking slowly, driving slowly, on our high streets etc. Just for 10-30 minutes. If we did this. Like the Thursday evening clapping for NHS workers.

[JohnSmith-gyrc]

Gary - you are a very wise man indeed; solid insight into human nature as well as economics and trading. Thank you for your channel.

[Challenger]

Now this is some valuable information. Thank you for not selling us a dream and telling us the reality of it all. Keep doing what you do and merry Christmas ✌️

[Theother]

Brilliant advice.
Myself and my wife decided to pay debts off instead of investing, the credit card and loans have gone, now we're over paying the mortgage, and live is financially easier, but it's hard work only buying what you need and not what you want, as temptation and spending fashion tries to take your hard earned.

[SealofProphets]

When you’re poor, struggling and have a family - you watch these videos looking for answers… and makes it much worse

[jbern]

The best way to tell you were a legit trader?
you're not trying to sell us a course on trading.

Thank you! So refreshing.

[juliamountain]

I 'm a fan of your work but I nearly didn't bother to watch this one because I consider trading to be a risky activity requiring skills and knowledge (and money to lose) that I don't have. So good to see you spelling this out for a new generation. Your trading record and skills are impressive but what I think is far more valuable is your informed assessment of the state we're in and what needs to change. Thank you for your work and please keep it up.

[peterclarke]

Absolutely love your videos. I wish everyone would be made to listen to what you’re talking about regarding the state of the economy and the propaganda pumped out by certain media mail, telegraph sun etc.. Please keep fighting the good fight.

[markkingproperties]

On point video Gary, I’m a Property Trader over 20 years and had so many people around me going crypto crazy, all now in loss, at the time they couldn’t understand why I refused to invest and stayed in my lane. My simple answer being I can’t trade as ‘asset’ I don’t understand, same when if I don’t understand the fundamentals of how a building is valued there’s no deal. The first hand stories I’m hearing of ordinary working people losing money they don’t have is eye watering, the human and relationship fall out is heartbreaking.

[charliecouzins]

Finally, a real economist 'guru' educating the ordinary people the reality of trading/gambling. After seeing the nonsense gurus on YouTube trying to sell you thier courses, I've been very skeptical. Now you've reaffirmed this. Thank you, I'll stick to the index funds.

[calloftheryan]

Love your channel Gary. You have been a real eye opener for me