I Tried Day Trading With $1,000

In this video, I challenge myself to turn $1,000 into $5,000 by day trading futures with no previous experience. What could go wrong??

I think this experiment reflects that of many people trying out day trading for the first time. Maybe you have some luck and you feel like you know what you're doing – until it all goes against you. Without a strong, backtested strategy and unemotional trading, you will fail as a day trader – like I did in this video.

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#stockmarket #trading
0:00 Why Trade Futures
1:19 Getting Started
2:34 How Futures Work
5:11 My Plan
5:28 Day 1
8:05 Day 2
8:55 Update
10:12 Day 5
10:31 Day 6
10:47 Day 7
11:22 Day 8
12:15 Day 9
12:48 Day 10
13:09 Moving Forward

[DanielInskeep]

I've been asked this about 1, 000 times in the comments but as I mentioned in the video, futures are not subject to PDT rules. This allows you to day trade with less than $25k without federal restrictions.

[thehound]

I used to be a degenerate gambler, then I moved to investing and found a whole new way to lose all my money

[innesvautier]

For a minute there I thought you were going to present a rosy picture. Thanks for being honest, you probably saved some people a lot of money and heartache

[RickCromer]

I'm a profitable and experienced futures trader now, but over many years lost money trading futures. It's hard to be consistently profitable. I really respect what you did here. If you would have stopped after week 1 everyone would have thought how easy it was trading futures and would be a bad example for people just starting out.

[elyskates]

Infinity Algo is best tradingview indicator so far

[adammesic]

Finally someone that didn't get a Lambo by daily trading and some honest stuff out there. Kudos bro'!

[RickyMartinVideos]

Let me know when the challenge is to turn $5, 000 into $1, 000. That's where I shine.

Edit: Wow, you guys turned 0 likes to 5000 likes on this comment 😂

[ExxonMobilCompany]

Shell-shocked financial backers have a lot to think about and losses to recover from after a terrible 2022. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down, which implies that portfolios will experience more losses in the first quarter of 2023. I'm currently at a crossroads deciding whether to switch my $250k security/stock portfolio; how may I profit from the ongoing uncertain market?

[francescocassani]

Day trading is like closing yourself into a room with no windows and try to guess what’s happening outside

[jaymawb]

One of the best trading vids I’ve seen, and no trading course mentioned!

[IronBrutzler]

Here is a little trick from someone who gambled for a living in the past:
If you start with say 1k$ and you make some profits never use it in the beginning. Always use your first 1k$ till you made enough to now invest 2k and so on.

Also set yourself a goal for the day/event. Do not get greedy. Say your goal is to make 100$ a day then just stop if you reached it. If you can hit this amount everytime or it getting quicker set a new goal and stop if you hit it.

[adamsmadela]

Sometimes it's difficult to make it in trading even with good tutorials as this many will struggle to make it.. not easy as it seems

[kevino]

I appreciate the transparency and brutal honesty in this vid. This experience is a true reflection of millions of traders out there, I'm sure.

[rakana]

Moral of the story: don't trade on Wednesdays

[oladipotimothy]

The problem started with the expensive zoom call lol

[benvgb]

Great video once again ! Loved every second of it!
You pushed me to start my Youtube journey so thanks for the inspiration !

[MisterK-YT]

This was pretty awesome, thanks for the candor. Wish I knew what you were doing... like what prompted you to enter each trade (or even just a couple of them). I feel like I get how it works now, but not what factors move the candle on any given future, and what you based each trade decision on.

[DanielInskeep]

if you made it to the end, you know why i NEED that thumbs up button on this video to be hit!

[steppenwolf_]

Dude! I have mad respect for you! The level of transparency you maintained *even while losing trades* was the model of how this should be done for most youtubers, especially businesses. Kudos! I found you while searching for something unrelated (though I've been searching for a lot of trading vids lately). I started March 2021 with $1, 000. so your title grabbed me. But what blew my mind was the info on futures. I knew nothing about them and your video opened up a new world for me. I'll be deep diving your pool of knowledge and let you know how I fare after an initial test run. Thank you ever so much!

[derandreas]

That was very good. i was surprised how realisticly you described what happended and i learned from you. Thank you and good luck.