The Truth About Day Trading (Guaranteed To Fail)

Are you thinking about getting into day trading? Well, this is why day trading doesn't work for the majority of people. There are many gurus online that teach you how to day trading using their various day trading strategies that even beginners can make money with. What they don't tell you is that the data shows how it is very unlikely to learn how to day trade for a living and that most people actually lose money. I hope this video answers why you s]probably shouldn't give up your day job to try and trade stocks.
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DISCLAIMER: Everything in this video is of my own opinion and could be wrong. I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

[kingmike]

Remember most business' of any kind have a 90% failure rate. It's not just trading.

[Sswervyy]

day trading isnt the scam, its the people (trade guru's) lying about how easy day trading is. day trading is profitable but ONLY if you actually use trading strategies and have knowledge about stocks. dont be like like the 90% that just jump into stocks and just gamble your money without thinking, thats the real reason why people lose money while trading, not the trading itself.

[vladimirpopovic]

How not to fail starter pack:
1. Master price action(this is crucial)
2. Learn to analyze trends, support, resistance
3. Use economic calendar for major economic news which significantly move price
4. You don't impose your opinions on market, you wait for the right moment when price moves and ride the trend
5. You don't have to trade every day to make money
6. Train patience

[aalexa]

There are many profitable traders but like any other high paying job you have to study for a few years before seeing any results. The failure rate is so high cuz people trade with the expectation of winning without any experience or by learning some scam course from an online guru.

[vqfive]

Most people don't put in the thousands hours testing a strategy finding a strategy that consistently wins before going live.

[bpb]

Risk managment is everything. Losing correctly is the secret of this game. You have to experience every way there is too lose before you start to win. That takes time.

[GWAFEM]

You can't make 1% when your positions starts to be above 5 millions. There's slippage and its harder to get filled. Your calculations are unrealistic.
Yes the majority of day traders a losing because they don't learn risk management properly.

[tomasw]

I can actually change the market direction. Whenever I buy, the market goes down...immediately! (I should live stream my trades and make a service out of this!) Actually, Im not kidding.

[bishoymagdy]

Thank u so much Karson, we keep learning from ur vids 🙏✨

[kingmike]

I've noticed myself and other traders, at least in the beginning, don't have the discipline to wait for the setups. I've kept detailed notes on my trades and notice on days when I wait for a setup I make money and on days when I follow the market and just jump on some spike I usually lose or make very little.

[rufdymond]

Yep these online trading gurus are the biggest con merchants going. Trading is hard, don’t let anyone tell you it isn’t. I’ve been trading for 12 years and it took me almost 4 years to become consistently profitable.

[prod.thisbeatisdope]

I am a day trader now for 2 years my strategy is support and resistance wich trendlines I se that 55% of my trades are wins. You can never be right at a trade that's not possible but you can manage your risk by trading wich support and resistance . If you win more on the winners side and you lose less on the losses you can make money but it's very difficult to do this it's take a lot of time but after 2 years I made 600 euro on average a day so you can make money on daytrading

[mishaespinoza]

Excellent video! Loved the content and the editing.

[dalefortune]

Thank you! Honesty and clarity...how precious.

[aardjanvanmusschenbroek]

Nice to hear such down to earth information/advice.

[NTheGreat]

Great content! Hopefully the algorithm picks you up

[futuremillionaire]

I'm surprised that one study even examined people who day traded back in 1995? The commissions alone would've killed you.

[logician]

This was a wonderful explanation. Thank You..

[rohitt]

One great man said - Technical Analysis works until it doesn’t 😂

[-..]

went through 100s of videos literally 100s and finally found this one this golden video backed by probability before possibility backed by logistics before