The Scam Of Day Trading

There’s a ton of hype right now on social media of people showing you how to become rich off day trading stocks. When something sounds too good to be true, it usually is especially when it comes too investing.

Remember, there is a difference between being rich and being wealthy. Being Rich is a sprint and being wealthy is a marathon.

Day Trading is something that everyone should avoid, and in this video, we’ll tell you why.

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[TheSilentWealth]

"The easiest way to make money, is to tell people how to make money". Best statement ever.

[TriadTradingOfficial]

Daytrading itself is not a scam. But there are a lot of scammers in the industry. My experience and many others have proved it is possible to make money in the markets

[jackthegod]

I can’t make it, therefore it’s a SCAM 😂

[ecb]

My husband is a day trading addict.. He lost over 150k and we are at the point of losing our house.. we have four young children and he still can’t stop. Life has been a hell this last three years because al of the stress its causing.. the children don’t have a father and my husband is gone.. people please stay away from daytrading and pray for us 🙏

[ramirorodriguez]

As soon as he said you need 25k to be a day trader I knew his research skipped over the fact that you can use a cash account to day trade and grow $500-1k account by day trading I’ve seen people “gamble” their account to thousands of dollars risk management and proper guidance is wonderful

[jameslinmd]

Day trading isn't about "feelings". If you trade with "feelings", "beliefs", "lucks", or "hopes", you will lose.

[abhisarsharma]

Day trading is legit for those who have the patience and the ability to ignore videos like this one.

[nimakaram]

My biggest win is when I stopped day trading! Day trading is gambling…

[SniperTrading]

just cause you cant do it doesnt mean no one can do it...

[justincarl]

I'm a profitable day trader.. But becoming profitable isnt easy. Expect to lose money at first. It took 2 years of alot of study, tinkering, ups and downs to finally make 20% in a month. For me, its not about the money.. Its about the trading plan and execution. One more thing.. Long term investing is a gamble as well.. just like anything in life. It works for some not for others.. Day and swing trading has made me more money than long term investing by a long shot. On that note, Day trading is not for everyone. Also.. I dont get a Dopamine rush day trading. Wish I did though lol. Thanks for the video and happy endeavors!

[cscs]

The reason traders in comments want you to day trade, is because its YOUR money they live on.

[EM-odgu]

I know 2 day traders who make a lot of money. I know practically nothing about it. I am now learning. To me it’s simple, try it without real money and see how u do. If I try it NO WAY am I putting a dime in it before I see if I can do it first

[_Alfa_Channel]

Anyone who puts skating first and finance third on their interest list is someone who has their life in order and is worth listening to!
Skating is far more dangerous than day trading.
Mad Love bro!

[ThevineGospel]

He is right, odds are stacked against you. I Lost 85% of my original investment my first year, he is correct. Second year though, I am up 250% from original investment, and climbing. Dont listen to these guys, they are not traders, online opinion slingers. Practice Risk Managment, have Rules, control (be mindful) your emotions. Greed is the greatest killer to traders, be mindful.

[leonardomendoza]

day trading if done right is insanely profitable. super hard at the beggining though, almost impossible. you will lose all your money over and over again before you become profitable. I can understand how people can perceive it as gambling because it is gambling, but only when you start and dont know nothing. if it was gambling all together, beginner traders would be profitable 50% of the time and so experienced traders, but it is not. it is all of the beginners who lose money continuously.

[therzook]

when you are afraid to trade or to hold a position, means that risk is too high and have to immediately close your positions. Do not ask me how I know...

[dandan]

I like the adrenaline of day trading. I've been educating myself with books for some years now and started day trading in November. There's a big difference between reading and practicing on a simulator. What you read must be putt in practice otherwise you're just shooting planing to fail. First day was terrible but I got the hang of it fast bks I like what I do. Day trading is not a scam. Those who have discipline, manage risk, and learn from their mistakes survive in this game.

[pierre]

Good video. I try day trading for 3 monts...when I was young. Il lost 36% of my money ! :) Now I'm an investor, a lot less stressful ! I receive dividends each month. Good video.

[trade]

As a successful Day Trader I love watching these videos. While it is gambling, a successful day traders goal is to control emotion, it isn't to 'ride that high'. If he/she is 'riding that high' then they have already failed. I can totally understand your paranoia. After all 90% of traders fail, and it's hard for the 90% to accept that 10% can do what they cannot. I really wouldn't recommend day trading to anyone who thinks it's a get rich quick scheme. It's a marathon, not a sprint.

Edit: a word

[dannyvera]

I have been trading for about 11 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points. I try to do top-down 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 and get the same result. I'm starting to feel hopeless