you have no edge drawing lines on a chart. This is astrology for men. Become a plumber or hvac technician. You will be at $100k/year within 5 years. Get rich slow, not fast.
Those lines are for support and resistance. The edge is playing a profitable strategy. I was making money, just fucked up with margin. Who knows where I’d be.
@@treystevens112no you should not. Have you ever considered the money you made in the first place where just from luck? You basically was gambling. It worked until it didn’t. If you want to better your life you need to understand that day trading is just gambling and won’t make you any money in the long run. I know it’s though but you will thank me one day.
Hey man that is really tough. I hope that you can bounce back from this quickly. I love your mentality that you'll just make it all back. If you want to make money your own way, try to start a business. Photography, lawn care, pressure washing, anything. Develop a skill that you enjoy and run with it. Yes it's okay to be risky while we're young, but its not "uncool" to play things safe sometimes. I think you should evaluate your risk tolerance. Just my two cents though, do with it what you will. Best of luck to you dude. Seriously.
Thanks man, gotta keep pushing on cuz nobody gonna do it for me! But creating an online business was how I got the money to invest in the first place, so I plan to start another one up after I clear my debt. Yes I was extremely risky but I planned on being less and less risky as my money accumulated, I knew this was a possible out come. I have to operate with less risk going forward because I’m older now and closer to having a family, being in a good position for that is my main priority. I just gotta work harder now. Stay blessed 🤙🏻
Hey Bro, trading is gambling, crypto is gambling, stocks trading, swinging - risky money for more money. Gotta get to a point where you are happy with what you have. 10K, 100K, 250K - it doesnt make you any happier, its just another number to chase. Blessed ! its a long road but never forget, stocks are gambling unless you are invested in something for years - and lets be honset, nobody our age is doing that type of trading. peace and love
I know this story too well. One lost $100k in 2 minutes on an option. The other two lost $500k & $130k in a year or so on options as well. Keep your money folks. They made their money with their businesses to begin with. It’s that time and energy into the businesses that brought them those returns then they gambled it away. SMH. Their lives have changed in a bad way. Keep your money.
short term memory, look forward to next steps. you are still young. I wish I had the gumption like you in my 20s. I do think investing is long term growth and patience. solid video.
7:20 is exactly where your perspective needs to be re aligned ! Working an " actual job " for some reason has turned into such a taboo thing Working in an industry, a trade, at a store, or for the public has somehow become the worst thing a man can do When you look back at our parents and grandparents of generations, thats all they knew - and thats how they afforded Land, Homes, Shelter, Food, utilities, travel . Yes there is always an opporutnity to chase your dream job , built a business and follow through . But the stability you lose , and in this situation following the trend of young men becoming traders in a no win scenario ( your loss / my loss is an example of this ) is just such a landmark on how young men need to have their perspectives re aligned to stay course, find a job that works for them that they can grow in - commit and THAT is how you build wealth .. not fast, overnight . But over years of dedication !
The thing is I don’t need stability right now, I’m young, don’t have a kid, wife, mortgage… I’m free to be risky. Working for someone else isn’t what I enjoy doing. Creating business and generating income online is what make me happy, been doing it since 16. The freedom it brings you is unmatched.
the mistakes were "i dont think it will do this or that" you have to manage you're risk and when you're risking more then 1 percent per trade you're bound to blow up. Nobody knows what price an asset will be at at any given time thats why controlling risk is more important then anything else.
Thanks for sharing your story here. I can partly relate, lost a significant amount when getting liquidated in 2021. I do hope you have somebody in real life that you talk too as well. Please keep in mind that what may feel like a passion can become an addiction, when it's not that yet. Also, maybe keep a regular, more manual job at the side, to keep a rythem, regular touch with the outside world and physical excercise, as well as a stable little income stream. Trading is mentally challenging and numbing emotions is required, yet it should not become your primary mode of operation for life.
Appreciate the comment man, well said. That sucks that happened to you. I’ll definitely operate a little differently if I decide to get back into it. The mental challenge of trading is real, having a separate income source to cover my bills would relived a lot of stress and help me preform better.
Will always stay away from leverage. Made 3 bitcoin back in 2017 and lost 2.5 from leverage trading on the move down from 20k, brutal. Then lost another 10k about on options trading. Haven't used leverage or options since and I've done very well.
If you gotta do trading set a limit on how much you can gamble with every month, how much can i afford to lose every month without becoming homeless. Dont overdo it!
You’re not “supposed” to do that lol leverage in anything has risks. What happens if you can’t pay that mortgage, you gonna lose the house. That loan is also gonna make you pay 2-3 times more for the home over the 30 years bc of all the interest. Buying real estate in cash is really safe and smart.
Dude stop talking about the past. It will only hurt you . Focus on the future . You should have the mindset of never ever having even 10k. I’m 20 and have almost 200k cash and i have two bank accounts one with a debit card and one without one . The 200k site in the one without one . And I act like I only have the money in my account with the debit card
I’m only taking about it for the vid haha I don’t think about it from day to day. I’m definitely focused on the future and what I got currently going on. but bro throw that money in a high yield savings account or sum lol
I didnt paper hand becasue i held to a point it makes no sense to hold says the paper hands You didnt do anything clever here, you got lucky the first time.
@ yeah losing 75k because you thought you could read TA after following TikTok financial advice was the right move. Absolutely no luck involved lmfaooo
@@treystevens112 omg you are so ignorant if you get 100k again you will just lose it all again tomorrow. Work on some real skills instead of your ”bull flag” astronomy😂 change your perspective or your life is doomed
Here are ten random facts about Ferrari: 1. Ferrari was founded by Enzo Ferrari in 1939. 2. The iconic Ferrari logo, the prancing horse, was originally used by an Italian World War I flying ace. 3. Ferrari's headquarters are located in Maranello, Italy. 4. The first Ferrari car, the 125 S, was built in 1947. 5. Ferrari has won over 230 Formula 1 races. 6. The Ferrari 250 GTO is one of the most valuable cars in the world, selling for over $70 million. 7. Ferrari produces about 8,000 cars a year. 8. The Ferrari F40 was the last car personally approved by Enzo Ferrari. 9. Ferrari's signature color is "Rosso Corsa" or racing red. 10. Ferrari has a long-standing rivalry with Lamborghini, which was founded by a former Ferrari customer. Pretty cool, right?
Took a shot every time he said "bro". Was sent to the hospital for liver failure.
I ain’t paying for the bill bro 😂
you have no edge drawing lines on a chart. This is astrology for men. Become a plumber or hvac technician. You will be at $100k/year within 5 years. Get rich slow, not fast.
Those lines are for support and resistance. The edge is playing a profitable strategy. I was making money, just fucked up with margin. Who knows where I’d be.
This is a great lesson for why you never use leverage
leverage or not is kind of irrelevant. The problem is day trading itself.
1000%, lesson learned.
Day trading didn’t lose me money. It was a long swing using margin. I shoulda stayed focused on day trading.
@@treystevens112no you should not. Have you ever considered the money you made in the first place where just from luck? You basically was gambling. It worked until it didn’t.
If you want to better your life you need to understand that day trading is just gambling and won’t make you any money in the long run. I know it’s though but you will thank me one day.
good lesson to start using risk management
They call it fast money for a reason. If you made it fast, you lose it fast.
What a limiting belief
Sadly true in my situation.
Hey man that is really tough. I hope that you can bounce back from this quickly. I love your mentality that you'll just make it all back. If you want to make money your own way, try to start a business. Photography, lawn care, pressure washing, anything. Develop a skill that you enjoy and run with it.
Yes it's okay to be risky while we're young, but its not "uncool" to play things safe sometimes. I think you should evaluate your risk tolerance. Just my two cents though, do with it what you will.
Best of luck to you dude. Seriously.
Thanks man, gotta keep pushing on cuz nobody gonna do it for me! But creating an online business was how I got the money to invest in the first place, so I plan to start another one up after I clear my debt.
Yes I was extremely risky but I planned on being less and less risky as my money accumulated, I knew this was a possible out come. I have to operate with less risk going forward because I’m older now and closer to having a family, being in a good position for that is my main priority. I just gotta work harder now. Stay blessed 🤙🏻
Good for you man. Taking it on the chin. It’s a lesson learned. Sounds like you’ve got a good understanding of things only 2 years in. You got this 👍🏻
Absolutely man, it is what it is. This lesson will save me way more money in the future. I push on!
Hey Bro, trading is gambling, crypto is gambling, stocks trading, swinging - risky money for more money.
Gotta get to a point where you are happy with what you have.
10K, 100K, 250K - it doesnt make you any happier, its just another number to chase.
Blessed ! its a long road but never forget, stocks are gambling unless you are invested in something for years - and lets be honset, nobody our age is doing that type of trading.
peace and love
Unless it’s 25 mills which can change many things on lifetime
not gambling if you have an edge, but most people dont have one
@@GNMbg medallion fund quants have an edge, an uneducated teen looking at ”patterns” will not, dudes like this is who quants make money from.
Lol
I know this story too well. One lost $100k in 2 minutes on an option. The other two lost $500k & $130k in a year or so on options as well. Keep your money folks. They made their money with their businesses to begin with. It’s that time and energy into the businesses that brought them those returns then they gambled it away. SMH. Their lives have changed in a bad way. Keep your money.
Yeah options is crazy risky, but that is true in my situation, I saved that first 50k with an online business. We live n learn 🤙🏻
@@treystevens112 what was the online business
short term memory, look forward to next steps. you are still young. I wish I had the gumption like you in my 20s. I do think investing is long term growth and patience. solid video.
gotta love a good leverage story
When u play with fire u get burnt lol learnt my lesson early 🤙🏻
7:20 is exactly where your perspective needs to be re aligned !
Working an " actual job " for some reason has turned into such a taboo thing
Working in an industry, a trade, at a store, or for the public has somehow become the worst thing a man can do
When you look back at our parents and grandparents of generations, thats all they knew - and thats how they afforded Land, Homes, Shelter, Food, utilities, travel .
Yes there is always an opporutnity to chase your dream job , built a business and follow through . But the stability you lose , and in this situation following the trend of young men becoming traders in a no win scenario ( your loss / my loss is an example of this ) is just such a landmark on how young men need to have their perspectives re aligned to stay course, find a job that works for them that they can grow in - commit and THAT is how you build wealth .. not fast, overnight . But over years of dedication !
The thing is I don’t need stability right now, I’m young, don’t have a kid, wife, mortgage… I’m free to be risky. Working for someone else isn’t what I enjoy doing. Creating business and generating income online is what make me happy, been doing it since 16. The freedom it brings you is unmatched.
Things will be better, keep grinding bro
On god man, ain’t giving up 📈
You'll get to a point where you can save $75000 in a year. Chin up, but play it safe until you can afford to take risks.
Hell yeah buddy, I don’t even think about this situation, I’m focused on round 2 of hitting 6 figures 📈. But definitely moving smart rn. Stay blessed
the mistakes were "i dont think it will do this or that" you have to manage you're risk and when you're risking more then 1 percent per trade you're bound to blow up. Nobody knows what price an asset will be at at any given time thats why controlling risk is more important then anything else.
Indeed man, just hadda learn the hard way. Broke my rule, not losing money is more important than making money.
whatever bro, just put the fries in the bag
😂
bro just keep at it bro
bro ull get there bro
bro likes a bro that makes bro money bro
how often can u say bro bro?
At least u didn’t have to edit the video 😂 bad habit of using it as a filler word.
Wat edit lol its one take😅
Thanks for sharing your story here. I can partly relate, lost a significant amount when getting liquidated in 2021. I do hope you have somebody in real life that you talk too as well. Please keep in mind that what may feel like a passion can become an addiction, when it's not that yet. Also, maybe keep a regular, more manual job at the side, to keep a rythem, regular touch with the outside world and physical excercise, as well as a stable little income stream. Trading is mentally challenging and numbing emotions is required, yet it should not become your primary mode of operation for life.
Appreciate the comment man, well said. That sucks that happened to you. I’ll definitely operate a little differently if I decide to get back into it. The mental challenge of trading is real, having a separate income source to cover my bills would relived a lot of stress and help me preform better.
thats the definition of paper hands my guy
Bruh 😭😂💎🙌🏻
please make a video on how you got into day trading and what steps you took to start learning.
I could, but I was pretty much just learning through trial and error. I put thousands of hours in.
Priceless content! Bitcoin will destroy all of your models! gtfo the matrix! stay up kings 💪👑💰✈
Will always stay away from leverage. Made 3 bitcoin back in 2017 and lost 2.5 from leverage trading on the move down from 20k, brutal. Then lost another 10k about on options trading.
Haven't used leverage or options since and I've done very well.
Some of us just gotta learn the hard way lol but yes options are very risky, would never touch. But keep at it man 💪🏻
this is why you diversify and take the slow gains, once ur at 100k, its only 7 years of the market to double
Yeah, shoulda just took my 100k and chilled tf out for a minute.
@ even though the hare is faster, slow and steady always wins the race :)
If you gotta do trading set a limit on how much you can gamble with every month, how much can i afford to lose every month without becoming homeless. Dont overdo it!
Yeah I fucked that one up lol definitely gonna be way smarter in the future if i decide to give it another shot.
Sorry to hear, bro. You'll get back up there very soon, I know it bro. Much love from Canada
Appreciate u, ima stay grinding and dropping updates. Stay blessed 🤙🏻
Gambler's fallacy
Lil bit
Leverage in real estate is different. You're supposed to do that .
same shit applies tho.
but your gambling with interest rates... they never go up only down.
and prices to sell only go up.
You’re not “supposed” to do that lol leverage in anything has risks. What happens if you can’t pay that mortgage, you gonna lose the house. That loan is also gonna make you pay 2-3 times more for the home over the 30 years bc of all the interest. Buying real estate in cash is really safe and smart.
@@treystevens112 also not everyone is in the USA.
In Canada you can't pay the mortgage too bad the bank takes the house and you still owe the money.
@ ok brokie .
@@lunaclassicmaxi9796 leverage is debt broham. Hope you got renters that won't up and leave you high and dry with that mortgage over YOUR head.
Dude stop talking about the past. It will only hurt you . Focus on the future . You should have the mindset of never ever having even 10k. I’m 20 and have almost 200k cash and i have two bank accounts one with a debit card and one without one . The 200k site in the one without one . And I act like I only have the money in my account with the debit card
I’m only taking about it for the vid haha I don’t think about it from day to day. I’m definitely focused on the future and what I got currently going on. but bro throw that money in a high yield savings account or sum lol
LOL
Waiting on 100K subs!
Hell yeah bro, we ain’t stoppin 📈 have a good one 🤙🏻
I didnt paper hand becasue i held to a point it makes no sense to hold says the paper hands
You didnt do anything clever here, you got lucky the first time.
Lil homie, we both know it was the right move. And the only luck I had was being born in America.
@ yeah losing 75k because you thought you could read TA after following TikTok financial advice was the right move.
Absolutely no luck involved lmfaooo
Never watch vids on trading and that bull flag was obvious af 😂
@@treystevens112 omg you are so ignorant if you get 100k again you will just lose it all again tomorrow. Work on some real skills instead of your ”bull flag” astronomy😂 change your perspective or your life is doomed
When I get a 100k I’ll turn it to 1m. And I got the 50k in the first place at 19 cuz I had no skills, rightttttt.
Stocks dont feel like work for you because it is not work, you are gambling as a profession smh…🤦🏼♂️
If I didn’t enjoy it, it would feel like work.
You enjoy it cuz you enjoy gambling.
Not really, I just enjoy making money online and working on something that I can grow and get better at. It was also way less work than e-commerce.
Nice video, great lesson tbh, I wanna work with you, how can I reach out to you?
Thanks bro and how so?
Brow
are you gay?
Here are ten random facts about Ferrari:
1. Ferrari was founded by Enzo Ferrari in 1939.
2. The iconic Ferrari logo, the prancing horse, was originally used by an Italian World War I flying ace.
3. Ferrari's headquarters are located in Maranello, Italy.
4. The first Ferrari car, the 125 S, was built in 1947.
5. Ferrari has won over 230 Formula 1 races.
6. The Ferrari 250 GTO is one of the most valuable cars in the world, selling for over $70 million.
7. Ferrari produces about 8,000 cars a year.
8. The Ferrari F40 was the last car personally approved by Enzo Ferrari.
9. Ferrari's signature color is "Rosso Corsa" or racing red.
10. Ferrari has a long-standing rivalry with Lamborghini, which was founded by a former Ferrari customer.
Pretty cool, right?
you can't become a good trader alone at home. Get yourself some life experience, get a real job. struggle and learn life.
I was making money till I messed with margin, would’ve made money on that position too
You lost money but gained a lot of years of experience. Nothing can replace that for any amount even what you loss.
100% man, knowledge stays with you forever.