The Truth About Day Trading

In this video, I dive into the world of day trading, covering what you need to know if trading stocks has ever been interesting to you.

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0:00 Intro
1:02 The Stats
2:14 Getting Educated
3:52 Money Problems
5:07 Getting Emotional
6:23 Money Management
7:20 Consistency
8:52 Doing it Anyways
10:17 Final Thoughts

[enohp]

I’ve been trading options for over 15 years. The worst thing that can happen is winning trades when you first start but not actually knowing what you’re doing.

[timoexclusive]

your calm attitude is soo enjoyable to watch, way better than the youtubers who scream all the time and make cringey jokes

[kaylawood]

I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months

[gcardenasa]

I have to agree with the majority of the comments on here, after having watched hours of youtube videos for the past 2 weeks, your content is packed with actual knowledge (utility) and is actually soothing. And the kicker is....you arent trying to sell me anything and you even show your losses. Very respectable. Have seen most of your videos and they are all well produced: music, transition, headlines, etc. You are very skilled. Thank you so much -Gil

[khoulwhip]

This is perhaps the most sober and well-balanced video on day trading that I have seen. No gimmicks, no screaming douche making absurd claims, no buy my book or course bs; just an honest, realistic perspective on day trading and a good reality check to temper expectations. Much appreciated! 👍

[cartman]

That's why I started night trading 😂

[shirabznd]

I’m Taiwanese and this channel is absolutely a better source of knowledge than any other domestic so-called gurus sharing stock news online. I just want to say thank you and also letting you know that there’re few viewers from Asia out there!

[jurijkrapez]

This guy is something else! Good content.

[BouncyAnimation]

I agree with most of your except the part about joining a community of other traders. It's great to feel like your not alone in this but I found when I cut myself from the trading community my trading soared. I was officially relying on myself and I wasn't get getting conflicting information about something I believed. I would think the market is going up because of my analysis then someone else would say the opposite because of theirs which now makes you second guess your decisions. I believe joining a group after you are consistently profitable and truly believe in yourself isn't a bad idea but any sooner could hinder your growth.

[DanielInskeep]

imposter scammers are out in full force. remember, my name will always be highlighted in my own comment section!

[TradesbyMatt]

Great video. Been a hard few weeks for me taking a toll on the emotions. All about just continuing the journey and pressing forward while constantly improving. Thanks for the inspo!

[waroment]

I have to admit, the quality of your videos is unparalleled. Your calm demeanor and the way you break down dense topics are the highlights for me. Thank you for all the good work!

[JakeTilk]

When a trade hits red, it messes with your head - Daniel Innskeep

[jjmurray]

I like the reality check of your videos (as well as the diversity of things you try). As one of your older viewers, I can tell you that day-trading looks awesome when the stock market is hot (like it has been these last several years), but it becomes terrifying when the market winds shift suddenly.
oh -- Love the 'stache!

[redbaronlast]

I come from online poker cash games (since 2004). There is A LOT of similarities, i can tell, in the money/bankroll management, risk management, and in the importance of handling emotional / mental game aspects

[antonb]

At first every day trader is like "ya this is easy money" and then 6 months later all their money either stuck or 50% lost

[AaronParkerFTW]

Man, I cannot tell you how much I appreciate the fact that you clearly and concisely break down what you actually did, in detail. I'm seeing a lot of trading videos that turn out to be vague or superficial and rely on clickbait titles. Not so on this channel. Great presentation, too. Keep it up!

[allthingsnu]

We're in similar situations. I started trading this past January after enrolling in a course I picked after watching several of the free webinars offered by traders. Fortunately, the options trading course I picked was the right one for me but I have still spent the last year watching hundreds of YouTube videos in addition to the course videos I paid for, reading, learning and practicing. I am just now starting to feel comfortable and more confident with my strategy; it feels great to make money when I understand what I did rather than feeling like I just got lucky with no idea how to do it again. Even with this, my emotions will sneak up on me and, before I know it, I'm doing something stupid like breaking one of my rules and getting into a trade I shouldn't have and there goes some or all of my profits that I worked all week for! Studying my trades afterwards is huge in helping me to see my mistakes/stupid decisions so I can stop making them. I'm still learning and getting better. I'm very happy that I chose to learn how to trade when I did because I'm starting to see fruit from my investment and labor.

[enricosanchez]

This guy keeps it real, unlike the self-declared gurus who claim to make millions.

[marcussloss]

I can tell you made it to Chicago. Sweater and beanie in May.
Its 80 here and Florida Man is pretty epic. Cheers for the video.