3 Reasons Why You Should Not Be Day Trading

Even though I am a full-time day trader, I just gotta be honest with you about day trading. Day trading is probably NOT for you. If you are a beginner day trader, the truth is, Day Trading is a risky business. If you are struggling financially, if you think you could get rich quickly or if you cannot take responsibility for your own actions, then day trading is definitely not for you.

0:00 Intro- Why you shouldn't day trade
0:37 You are struggling financially
5:53 You are looking to get rich quick
8:04 You are incapable of critical thinking and taking responsibility
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.

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Humbled Trader FAM count: 806,588

[davelarsen]

Seriously, I have never talked to anyone who has lost any money gambling. No one ever admits to losing, everyone tells tales of how they win big every time they go to Vegas. Makes me wonder how they build those elaborate casinos and hotels? I figured it out, Cesar's Palace has that elaborate escalator/moving stairs to bring you IN to the casino but you walk out on regular stairs. Why? because you needed the escalator to carry in BAGS OF MONEY but when you leave, the money stays behind.

Thank you Shay for being honest and not playing on people's emotions to make a buck. People like you will always be rewarded in the end for doing the right thing and actually trying to help new traders instead of fleecing them. There are some real charlatans out there but you are among the very few honest trading coaches on youTube.

[kphilipps]

This video should be watched by all trader beginners!! It's so important to understand all three topics that you went through! Thank you, I learned a lot!

[abti]

3 reasons why I should start day trading:
1. Have been watching Humbled Trader for 2 years
2. Will keep watching her
3. ❤ Lamborghinis

[phila]

Sadly most people don't think critically or take responsibility for their own actions these days. But that's probably one of the most important tips for happiness and success in life in general. Well said Humble.

[snr]

Awww the integrity of you to recommend people against spending their last dollar on your course is so special these days ! Good karma for you 🙏🏻🙂 lol

[MinistryTwitch]

I for one can truly and honestly say trading and investing pulled me up from nothing. It’s not impossible, but it can be done if you put in the work and the discipline.

[Chaves_Novo_Quiz]

Good and sincere advice, thank you very much.

[pkwahwai]

True, its a marathon not a sprint, I started with two days a week, and working 3 days..before giving all the days. After starting, taking small positions as you learn your way up is very important, small positions are like teacher who trains you how to do things. You lose but you lose small. One big obstacle one has to overcome as you begin is FEAR...fear can make you a disabled person mentally to a level of not taking a trade fearing not to lose, but once you know what you are doing, you know how to read a chat, you know the right stocks, you get used to quick and efficient execution of a trade; entry, exits, stop losses, and of course using efficient trading platforms..you are good to go. Preparation preparation preparation.

[mikemyers]

Imagine a wold full of people.this honest
..love all your videos...I send all your material to anyone I know getting into this wild ass game we play!!!...thanks for always being Humble!!!

[KNKYNNJA]

i learned a valuable lesson the other day, i had a position in AMC that i made a 10% loss in. it opened at about 5% down which was already a yikes but i held to see if it would recover during the opening hour...it didnt, but then i felt locked in so i hesitated to sell and before i knew it i had lost 10%. A sucky lesson learned but one i'm glad to have experienced. Dont be afraid to cut your losses.

[fransantana]

Hi Shay, thanks for the tip. You have described in this video the process that we go through a lot. I have passed it, I think I am on the way, because I no longer burn my portfolio and I am making it grow slowly but surely. Your video is a good contribution, I hope that many who are starting can follow your advice.

[ChristianRaymondFilms]

You rock, keep up the hard work !! 🔥🔥❤️❤️

[Mshrty]

I don't get how anyone could even dislike this video.
Regardless, excellent video!
I definitely can't day trade (self-diagnosed) but I still appreciate every video you post! Keep it up! :)

[albowen]

Another great video humble trader, thank you for being so honest about day trading

[chenzimbuza]

You're the honest human being I never see or hear in my life. People calls me and email me all the time that if I pay them $5000.00 they will teach me experience an strategy and I will never lose thank you once again Shay for this video it's very important video in my life. 🙏🙏🙏🤟🤘

[DaskaiserreichNet]

The topic most channels fail to mention. I guess videos on how to turn a hundred dollars in to millions get more clicks. But this is Video shines light on the reality that every new trader needs to know.

[changemoney]

Really appreciate the honesty and realist perspective

[shantanu]

Is it just me or you are actually getting prettier every year?

[billycosby]

You are a ray of sunshine. I love your honesty. And your content is top notch amazing. Thank you for the help

[MichaelRWright]

Great info and I totally love your "bad" jokes and excellent attitude.