I like that when asked if trading stocks is like gambling, his response isn't "No, of course not!" it's "Well yeah, but it's more like Poker instead of Slots".
I thought that was one of the best questions of the segment. Most will lose entering a casino, same for trading. But very specific instances where you can have the odds in your favor IF AND ONLY IF you have skill and experience.
YEPPERS! Skilled-poker players will usually win more than 60-70% of the time which what is needed to Beat The Market on a consistent-basis...unfortunately, most folks lie about their winning-percentage and simply deny/ignore their losers...everyone is a genius or guru during Bull Markets! 📈lol
@@TheOneLanceB I'm not so sure, there's another big difference between the stock market and a casino: stocks and shares are inherently valuable things that make you money. If you owned 10% of Apple's shares, then you'd be entitled to 10% of Apple's profits. And economies keep getting bigger and bigger because there's more and more people in the world, so shares tend to go up in value Obviously there are _massive_ fluctuations when markets boom and crash, and individual people can lose (or gain) fortunes. But _on average_ (and over a long enough timescale) I'm pretty sure that investing in shares makes a profit, whereas (on average) gambling in casinos makes a loss
Okay, am I losing my mind or does Lance's answer to the first question in the video have absolutely nothing to do with the actual question asked? Lmao.
@@hmm6208good catch! This was actually a mistake in post-production it seems. The preview I was sent for review a few weeks ago had me properly addressing this question :) sorry all!
This video indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioural psychology. How can I generate more income to retire with at least $3m for long term care?
We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification and it enables people to overcome their behavioural bias especially if they engage professional help.
@@NO-TIME170 Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020..
@gregorywhem I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
I've stuck with the popularly ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
thank you for putting this out, it has rekindled the fire to my goal... was able to spot Jennifer after inputting her full name on the web, she seems highly professional with over a decades of experience.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we're the market is wanting to go and keep it simple with discipline.
The current state of the market may bring opportunities to increase profits quickly, but professional assistance is required in order to put such a plan into action.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@michaeldegrave5905both these stats are in line w what I’ve read! Trading is incredible difficult and most fail. Best advice for most is to not trade and instead invest for the long run!
Vast majority of people are better off working a stable job and not going for entrepreneurship because most proprietorships fail. See how meaningless these statistics are? It states the obvious. Risk and reward are two sides of the same coin. If it was easily accomplished by everybody, there wouldn’t be an asymmetrical payout.
Jeff Bezos once said something like Amazon only had a 30% chance of being successful. And it wasn't for years. Amazon's success probably came down to Bezos' drive to be successful combined with constant funding by his rich relatives. The same could happen with trading or entrepreneurship. Find a company willing to invest in you if you don't have rich relatives.
@@InJunoWeTrust It is not meaningless. A lot of scammers and influencers take advantage of uneducated investors. It is super easy to open a brokerage account and put your life savings on it. Or give your life savings to someone who promises returns. And then end up losing it all within a week. It is not equally easy to start a company. And the hardships of entrepreneurship are common knowledge.
Fantastic video! I have incurred so much losses trading on my own...I trade well on demo but I think the real market is manipulated…... Can anyone help me out or at least tell me what I'm doing
Woah for real? I'm so excited. Mrs Anna davis strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started.
because its their platform, duh....RH makes money off of selling their users positions to large funds that use that info to front run your a$$ before you can react and they know that noobs only know how to BUY stonks and not short it
Been investing since 2017 and I just now learned about the reasoning behind using a bear and bull as symbolism for market trends, great video! Giving Lance a follow
I know at some point a bull market ends and a bear begins, it goes on and on... I have a 7 figure ballpark goal and I intend spreading across maybe 50k - 150k on plummeting stocks, my question is how can I know when a market bottom has been reached?
many investors make common mistakes like not researching enough, and not having a clear plan. in my opinion, some financial situations can be handled on your own, while others are best navigated in consultation with an advisor.
I agree, partnering with the right financial planner is invaluable. My portfolio is well-matched for every market season and recently saw a 140% rise since early last year. My CFP and I are working towards a 7-figure goal, though it might take another year.
I truly appreciate the implementation of ideas and strategies that lead to significant progress, hence my search for a reputable advisor. Could you share the contact information of the person guiding you?
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
Well, I chose Becky Lou Gordon as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification. You should look her up
A really important video for me. I had some experience that helped me lead to have prior knowledge of some of the answers, but this guy and wired really nailed it down with greater clarity and scope.
With around $250k to invest, what's your advice on entering the market? I'm considering replicating the strategies of experts instead of investing independently to avoid both financial losses and emotional stress. What are your thoughts on this approach?
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
After taking charge of my portfolio in early 2017, i stumbled into losses. Upon realizing that a change was necessary, I consulted a fiduciary advisor in 2020 and since then my 1.2m portfolio has gained 28% annually through restructuring and diversification using dividend equities, ETFs, mutual funds, and REITs.
This is it guys. I cant start to tell you just how much knowledge Lance has. 11 years in and I am learning every day talking to him. This is not the typical momentum trader. He understands how to produce alpha and on top knows how to teach it through years of practice teaching fellow traders at one of the biggest prop firms. I am glad wired saw the value!
He knows what he's doing. He explains stuff with analogies wich is true understanding to know how what he does works and how another similar thing works and see how they are related.
Wow, I really like the way he answers with simplicity and confidence. Most of the time ppl tend to over-complicate the explanation, or they just shrug & tell u it depends, this guy makes stock trader sound like a true profession 🎉 Truly a helpful video especially for beginners to the market
Simply a lot of people running for the exit at once after a big market run-up. It’s hard to attribute it to one big specific macro catalyst that day. Stock jitters over the weekend then everyone running for the door.
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.......
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
I'm surprised no one asked about trading against algorithms. There is literally no way to be the fastest (as he said, seconds count) when you're up against a literal algorithm. The computer's reaction time will always be faster than a person's.
i think generally people day trading is more about news/sentiment over a wide range of stocks (like all of them) with some technical analysis as reassurance. whereas algorithmic is more about purely technical metrics on specific stocks that the algo is tuned for with trades trying to making 0.1% per trade (with thousands of these trades happening during a day). while day traders are trying to ride trends looking for >1% during any given day and may just make a handful of trades on the hot stocks for the day. all to say they are different styles so there's still room for a day trader to make profits
You don't need to be faster than a computer. If you trade patterns, you can place an order at your chosen price and wait for it to execute automatically. It's not about who clicks the buy button faster, it's about reading patterns.
Studied finance in college however he pointed out the reason why I left the field, its built off of gambling terms and the connotations that comes with it. Went to school to study business strategies, not bet on market movements 😮💨
genuine question tho, what value do traders add to the world or the market? Cause it's like playing professional poker, but not sending out the game for entertainment. Like the trades build our society, the arts entertain our society, rulers manage society. Where do traders come in?
Traders help keep markets trading roughly where they should be. They help price in news and earnings and macroeconomic events. It helps society when our markets function well. For example, during the Covid crash, companies were generally still able to access the debt and equity markets for liquidity. It also helps when markets are efficient so that the average person can invest in the US economy and appropriately track the growth of these companies. The liquidity we provide during panics also helps ensure that if you need to sell stock during a crisis like in 2008 or 2020, the price you get is better than if there were otherwise no traders to mitigate some of the panic. That clarify at all?
@@TheOneLanceB If they had all that debt and equity, why did they decide to increase the prices of their goods and services so drastically? And now that they've gotten away with that, what's making them feel they can just keep doing it. I suppose that's off topic about specifically what traders add to society and more asking about the ones they serve.
"Does the stock market feel like a casino to you?" Proceeds to give an example about stock buying being like poker. And how, you can FEEL like you're beating the house with all kinds of information. The answer should be just "Yes."
The challenges in stock trading are two: 1. The market does NOT have perfect information. Even tightly regulated markets have stocks where insiders have information you don’t know. 2. Share reflect a bet by investors on future earnings which is always hard because it relies on internal and external factors that may or may not happen. For example the war in Ukraine was unexpected.
I have an issue with his explanation of IPO. The companies do benefit after the IPO period because companies don't often sell more than half of their stock so that they avoid the risk of a hostile take over. Therefore, the stock the company holds can be leveraged at the higher prices and with legal tricks it can be sold to bring in more money... there are also stock buybacks... I guess Wired didn't want the whole vid to be about IPO.
I've never lost a bet. The only bets I ever make are to listen for someone to announce something really stupid and short their stock. I don't make many bets.
The AI boom will also bust small software based startups and kind of consolidate that arena because AI can produce software and solve problems more efficiently than newer software can. We will see a lot more consolidation in software companies that don't have AI integrated than those that do.
I'm so clueless about the stock market and after this video, I still feel like I don't know anything. This video could have been in latin and I'd take away just as much.
(Please make) do you remember five years ago you made a Tom Holland answering the most requested questions on the web and two years ago you made a video where Andrew Garfield answers the most requested answers on the website can you please make a Tobey Maguire answering the most requested questions on the website just like how you did it with Tom Holland or Andrew Garfield but with Toby Maguire🙏🙏🙏🙏🙏🙏
I just disagree where he says it's like gambling on slots. In stocks if you stay safe the player almost always wins. The market will go up eventually, it may rise and fall sporadically, but in the long term it rises. Gambling is the opposite, you can rise and fall sporadically but will always lose long term. If you're not a full time, informed, day trader - buy and look away. Even with successful stocks a novice will inevitably buy highs and sell lows. The stock market as a whole will continue to go up. You just can't watch it intermittently and sell every time it dips.
If you go to the casino with $100 and allocate $60 to table games & $40 to slots, you're more likely to lose the longer you're there. If you open a brokerage account with $100 and allocate $60 to stocks & $40 to bonds, you're more likely to win the longer you're there. They aren't the same
"The stock market will go up" because of monetary inflation. If your account makes 4% per year, that's what the FED targets for inflation so it more or less cancels all your gains. You aren't actually doing as well as you think. I make better gains at the local farmer's market😂
You got to understand that not all stocks go up and not all bonds get paid back. Although the likelihood of a stock going to zero is a long process, it can happen. Its especially at higher risk for penny stock
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
Agreed, opting for financial advise is now the best way to go about the market. I average 4 figures/month in dividends, my overall ROI just hit $500k in 3 yrs. I only have 30 stocks (20%) of my portfolio, more of my investments are in digital assets.
Finding financial advisors like Annette Christine Conte, who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Ben Franklin was one of the greatest thinkers in American history. And he knew something about wise investments. So it's no surprise that Franklin said that an investment in knowledge pays the best interest. Education matters - and it pays off!
My question: what value to society do day traders like you offer, as compared to someone that actually does something that benefits others, like teachers, doctors, plumbers, etc?
I like that when asked if trading stocks is like gambling, his response isn't "No, of course not!" it's "Well yeah, but it's more like Poker instead of Slots".
I thought that was one of the best questions of the segment. Most will lose entering a casino, same for trading. But very specific instances where you can have the odds in your favor IF AND ONLY IF you have skill and experience.
YEPPERS! Skilled-poker players will usually win more than 60-70% of the time which what is needed to Beat The Market on a consistent-basis...unfortunately, most folks lie about their winning-percentage and simply deny/ignore their losers...everyone is a genius or guru during Bull Markets! 📈lol
@@TheOneLanceB I'm not so sure, there's another big difference between the stock market and a casino: stocks and shares are inherently valuable things that make you money. If you owned 10% of Apple's shares, then you'd be entitled to 10% of Apple's profits. And economies keep getting bigger and bigger because there's more and more people in the world, so shares tend to go up in value
Obviously there are _massive_ fluctuations when markets boom and crash, and individual people can lose (or gain) fortunes. But _on average_ (and over a long enough timescale) I'm pretty sure that investing in shares makes a profit, whereas (on average) gambling in casinos makes a loss
@@douglaswolfen7820 agreed for investing! Over long term stocks go up and all can win! But for trading, the analogy holds a bit better! Good point.
@@douglaswolfen7820 A third grade explanation of how money works, but still correct about casinos.
he looks like the finance bro version of mark zuckerberg lol
he blinks A LOT
@@MrOvlov02it’s to prove I’m not a robot!
And i thought i was only one who thinks he look like mark Zuckerberg
Exactly!
Can we grow up and stop calling it Twitter or saying formally known as Twitter? It's x now yall don't need to be all progressive abt it
Need to keep in mind survivorship bias when watching this
Good point! Most traders don’t make it! Very difficult job w indeed a low survival rate! Im a dinosaur in trader years 🦖
Who would you want answering your questions? One who succeed? Or one who failed?
If it was truly random, no one would surviive for long. But lots of traders and trading companies do.
@@pmmd86Even more don't
Okay, am I losing my mind or does Lance's answer to the first question in the video have absolutely nothing to do with the actual question asked? Lmao.
Same. I think he just didn't understand the first question
@@hmm6208good catch! This was actually a mistake in post-production it seems. The preview I was sent for review a few weeks ago had me properly addressing this question :) sorry all!
I immediately wanted to comment the same thing.
@@TheOneLanceB I figured as much. It was just a funny way to have the video start off. The rest of the video was still a great watch!
Bad editing
This video indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioural psychology. How can I generate more income to retire with at least $3m for long term care?
We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification and it enables people to overcome their behavioural bias especially if they engage professional help.
@@NO-TIME170 Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020..
@gregorywhem I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
I've stuck with the popularly ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
thank you for putting this out, it has rekindled the fire to my goal... was able to spot Jennifer after inputting her full name on the web, she seems highly professional with over a decades of experience.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we're the market is wanting to go and keep it simple with discipline.
The current state of the market may bring opportunities to increase profits quickly, but professional assistance is required in order to put such a plan into action.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Jennifer T Stones is the licensed fiduciary I use. she's mostly on Telegrams, using the user name
..
@ JenniferFxTrades 💯
.
94% of active fund managers fail to beat the returns of a low cost S&P 500 index fund
And think of how much worse the day traders are doing than that.
@@michaeldegrave5905both these stats are in line w what I’ve read! Trading is incredible difficult and most fail. Best advice for most is to not trade and instead invest for the long run!
Vast majority of people are better off working a stable job and not going for entrepreneurship because most proprietorships fail.
See how meaningless these statistics are? It states the obvious. Risk and reward are two sides of the same coin. If it was easily accomplished by everybody, there wouldn’t be an asymmetrical payout.
Jeff Bezos once said something like Amazon only had a 30% chance of being successful. And it wasn't for years. Amazon's success probably came down to Bezos' drive to be successful combined with constant funding by his rich relatives. The same could happen with trading or entrepreneurship. Find a company willing to invest in you if you don't have rich relatives.
@@InJunoWeTrust It is not meaningless.
A lot of scammers and influencers take advantage of uneducated investors.
It is super easy to open a brokerage account and put your life savings on it. Or give your life savings to someone who promises returns. And then end up losing it all within a week.
It is not equally easy to start a company. And the hardships of entrepreneurship are common knowledge.
Fantastic video! I have incurred so much losses trading on my own...I trade well on demo but I think the real market is manipulated…... Can anyone help me out or at least tell me what I'm doing
Same here, My portfolio has been going down the drain while I try trading, I just don't know what I do wrong..
Wow, I'm surprised to see Anna Davis mentioned here as well. I didn't know she had been kind to so many people
keep hearing great things about Mrs Anna Davis She must really stand out for people to speak so highly of her.
Woah for real?
I'm so excited.
Mrs Anna davis strategy has normalised winning trades for me also.
and it's a huge milestone for me looking back to how it all started.
Is her commercial service in
Europe?
This guy has a great presentation style.
He really seems invested.
Thanks :)
Don't read my name
😂😂
badum tsh
Took me a moment :)
Lance is awesome! Always happy to share his knowledge and experience. Legend
Interesting when a day trader references buffett
Gotta respect the OG 👑🐐👴🏼
Psychologically applies to both trading and investing
Oh dear. The title of this video should have definitely included the word “DAY” trader. Yiiiiikes.
Are there other kinds? He's not an investor.
@@DollyRanch There are different time frames and horizons for trading: day, swing and position, just to name some.
I’m biased, but this guy knows what he’s talking about 🥳👏
I am biased but he sure does!
I was biased too until I met him at Chicago T4AC meetup.... lol
this guy wore a suit almost again haha
@@bossman1958it’ll take a wedding or funeral for the full suit :)
Good stuff man. Get yours.
I have a good one. Why Robinhood can disable the buy button to control volatility on the Market but don’t disable the sell button when is going down?
Folding Ideas already answered this one
because its their platform, duh....RH makes money off of selling their users positions to large funds that use that info to front run your a$$ before you can react and they know that noobs only know how to BUY stonks and not short it
Robinhood: Because we're rich, biatch!
@@seanriedy who’s that?
Ask Roaring Kitty.
Really appreciate your time and sharing your experience Lance! Well done as always!
Thank you 🙏😁
Been investing since 2017 and I just now learned about the reasoning behind using a bear and bull as symbolism for market trends, great video! Giving Lance a follow
That was one of my favorite questions! Glad to hear you learned something :)
He has GME on screen, lol. Love it.
One of us! One of us! Also proud to see another Lance here in the comments.
I know at some point a bull market ends and a bear begins, it goes on and on... I have a 7 figure ballpark goal and I intend spreading across maybe 50k - 150k on plummeting stocks, my question is how can I know when a market bottom has been reached?
many investors make common mistakes like not researching enough, and not having a clear plan. in my opinion, some financial situations can be handled on your own, while others are best navigated in consultation with an advisor.
I agree, partnering with the right financial planner is invaluable. My portfolio is well-matched for every market season and recently saw a 140% rise since early last year. My CFP and I are working towards a 7-figure goal, though it might take another year.
I truly appreciate the implementation of ideas and strategies that lead to significant progress, hence my search for a reputable advisor. Could you share the contact information of the person guiding you?
The licensed advisor I use is "Sharon Lynne Hart" Just search her name, and you'll find the necessary details to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
Well, I chose Becky Lou Gordon as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification. You should look her up
A really important video for me. I had some experience that helped me lead to have prior knowledge of some of the answers, but this guy and wired really nailed it down with greater clarity and scope.
🙏🙏🙏
wonderful!! that was a fun learn! i hope there is a part 2.
Lance is the real deal guys, awesome choice by Wired.
Thank you, I was lucky to get this opportunity!
Nice as always, thanks for sharing.
Lance the goat. Finally a real pro in mainstream media
The top is in, fellas
SMB CAPITAL ON TOP
With around $250k to invest, what's your advice on entering the market? I'm considering replicating the strategies of experts instead of investing independently to avoid both financial losses and emotional stress. What are your thoughts on this approach?
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
After taking charge of my portfolio in early 2017, i stumbled into losses. Upon realizing that a change was necessary, I consulted a fiduciary advisor in 2020 and since then my 1.2m portfolio has gained 28% annually through restructuring and diversification using dividend equities, ETFs, mutual funds, and REITs.
Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.
Please who’s your advisor?
NELSON MAYNARD FISHER
This is it guys.
I cant start to tell you just how much knowledge Lance has. 11 years in and I am learning every day talking to him.
This is not the typical momentum trader. He understands how to produce alpha and on top knows how to teach it through years of practice teaching fellow traders at one of the biggest prop firms.
I am glad wired saw the value!
🙏
Don't read my name
This loser...we all don't have daddy's trust fund to larp with like Lukas does.
Can't wait for the Magnum Opus! It's extremely disheartening when you realise 99% of "trading gurus" are just scammers. Lance is the real deal!
THE GOAT LANCE ON WIRED?
Thanks Yanni!
He knows what he's doing. He explains stuff with analogies wich is true understanding to know how what he does works and how another similar thing works and see how they are related.
looking sharp lance!
Thank you!
I want to start investing but need guidance. Any advice or recommendations for assistance?
Nice one Lance
Very interesting video! You should bring Lance back for more
The man, the legend, the GOAT!!
Awesome stuff. Thank you Lance!
Welcome, thank you for watching!
Finally another educational video love it
Wow, I really like the way he answers with simplicity and confidence. Most of the time ppl tend to over-complicate the explanation, or they just shrug & tell u it depends, this guy makes stock trader sound like a true profession 🎉 Truly a helpful video especially for beginners to the market
Thank you for the kind words 🙏
14:44 how does market crash in one day? what happened that day that lead to it?
Simply a lot of people running for the exit at once after a big market run-up. It’s hard to attribute it to one big specific macro catalyst that day. Stock jitters over the weekend then everyone running for the door.
@@TheOneLanceB okk
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.......
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
I'm surprised no one asked about trading against algorithms. There is literally no way to be the fastest (as he said, seconds count) when you're up against a literal algorithm. The computer's reaction time will always be faster than a person's.
i think generally people day trading is more about news/sentiment over a wide range of stocks (like all of them) with some technical analysis as reassurance.
whereas algorithmic is more about purely technical metrics on specific stocks that the algo is tuned for with trades trying to making 0.1% per trade (with thousands of these trades happening during a day). while day traders are trying to ride trends looking for >1% during any given day and may just make a handful of trades on the hot stocks for the day.
all to say they are different styles so there's still room for a day trader to make profits
You don't need to be faster than a computer. If you trade patterns, you can place an order at your chosen price and wait for it to execute automatically. It's not about who clicks the buy button faster, it's about reading patterns.
Would you be able to use ML to find those patterns the way humans do?
TECHNICAL ANALYSIS IS A SCIENCE???????? WTF??????????????
Huh?
@@meterano7 Huh, huh????
@@gustavos5207 huh, huh, huh?
@@Jester00013 (Huh huh)²???
More like astrology
I love the little wall street bull thingy deco
Researchers have identified the major ‘factors’ that drive stock prices. Equity price factor analysis.
"When there is blood in the market and everybody is selling, that is when you want to buy, also you want buy when the trend is pointing up."
Thanks.
Thank you Lance
Great video thanks!!!!!!!
The answer to the thumbnail question is... perception, that's it, nothing else.
What a freaking legend 🎉
Studied finance in college however he pointed out the reason why I left the field, its built off of gambling terms and the connotations that comes with it. Went to school to study business strategies, not bet on market movements 😮💨
Lol the captioner who wrote the captions is using "queued" instead of "cued" - which is the correct word to use in this context.
We need a Farmer Support. Has that happened yet?
genuine question tho, what value do traders add to the world or the market? Cause it's like playing professional poker, but not sending out the game for entertainment. Like the trades build our society, the arts entertain our society, rulers manage society. Where do traders come in?
You could maybe argue they add liquidity to the market, but I don't think they have enough capital to make a difference. They're mostly extractive.
Traders help keep markets trading roughly where they should be. They help price in news and earnings and macroeconomic events. It helps society when our markets function well. For example, during the Covid crash, companies were generally still able to access the debt and equity markets for liquidity.
It also helps when markets are efficient so that the average person can invest in the US economy and appropriately track the growth of these companies.
The liquidity we provide during panics also helps ensure that if you need to sell stock during a crisis like in 2008 or 2020, the price you get is better than if there were otherwise no traders to mitigate some of the panic.
That clarify at all?
@@TheOneLanceB If they had all that debt and equity, why did they decide to increase the prices of their goods and services so drastically? And now that they've gotten away with that, what's making them feel they can just keep doing it. I suppose that's off topic about specifically what traders add to society and more asking about the ones they serve.
it's a zero sum game. when one trader wins another loses equally. so day trading doesn't generally add value to the world in my opinion.
@@ryangattorna675 the simple but unsatisfactory answer is bc consumers keep paying those inflated prices :(
Lance! ❤
Thank you!
"Does the stock market feel like a casino to you?"
Proceeds to give an example about stock buying being like poker. And how, you can FEEL like you're beating the house with all kinds of information. The answer should be just "Yes."
Lance Laaaaaaaance
Lance
🙏
Could not have a better guy representing us traders!!! For non traders this is our Lebron/Tom Brady lol
Thank you 🙏
The challenges in stock trading are two: 1. The market does NOT have perfect information. Even tightly regulated markets have stocks where insiders have information you don’t know. 2. Share reflect a bet by investors on future earnings which is always hard because it relies on internal and external factors that may or may not happen. For example the war in Ukraine was unexpected.
07:34 lagta hai bhai scam 1992 nhi dekha hai.😂
WELL SAID !
I don't understand what they're saying over at r/wallstreetbets
Business, hiring, networking and ai tech support please
12:09 leverage ratios of firms vs funds
This tranche ; 2 ; Happiness-lab podcast
He is not uncertain
Bloomberg keyboards are Bluetooth enabled yet lol
I have an issue with his explanation of IPO. The companies do benefit after the IPO period because companies don't often sell more than half of their stock so that they avoid the risk of a hostile take over. Therefore, the stock the company holds can be leveraged at the higher prices and with legal tricks it can be sold to bring in more money... there are also stock buybacks... I guess Wired didn't want the whole vid to be about IPO.
5:45 is incorrect, this is why we have options. You can absolutely make money if a stock doesn’t move.
The GOAT 🐐 Why are you so good looking Lance?
Hahah! Thank you!
What's his average percentage per year?
Technical analysis is the astrology of the investment world.
I didn’t know Mark Zuckerberg was a stock trader
Don't read my name
I didn't know you were a comedian
What moves stock values is basically pure Tinkerbell Effect.
LANCE!!!!!!!!!!!!!!!! LETS FKING GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!! BEEN FOLLOWING SMB FOR YEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!
Stockbroker: "This is a stock exchange, theres no man you can steal"
Bane: "Really? Then why are you people here."
I've never lost a bet. The only bets I ever make are to listen for someone to announce something really stupid and short their stock. I don't make many bets.
amazing bud.. this is!
Thanks J!
Yayyyyy a Billions reference. One of the best shows ever!
Billions is my fav
The last season was kind of lame though
Finally, long after the downfall of Wired they manage to post something worth paying attention to.
Wallstreat PR STUNT
Sponsored by your tax dollars! Only kidding - no ulterior motives, just a fun segment to some hopefully useful info :)
Bogleheads check in.
Bro blinked no less than 10,000 times in this video
The AI boom will also bust small software based startups and kind of consolidate that arena because AI can produce software and solve problems more efficiently than newer software can. We will see a lot more consolidation in software companies that don't have AI integrated than those that do.
I'm so clueless about the stock market and after this video, I still feel like I don't know anything. This video could have been in latin and I'd take away just as much.
It's now impossible for the stock market to fall 22% in one day due to circuit breakers created after Black Monday
Going after them vWAPs
Traders, add em to the menu
(Please make) do you remember five years ago you made a Tom Holland answering the most requested questions on the web and two years ago you made a video where Andrew Garfield answers the most requested answers on the website can you please make a Tobey Maguire answering the most requested questions on the website just like how you did it with Tom Holland or Andrew Garfield but with Toby Maguire🙏🙏🙏🙏🙏🙏
Make believe money
I just disagree where he says it's like gambling on slots. In stocks if you stay safe the player almost always wins. The market will go up eventually, it may rise and fall sporadically, but in the long term it rises. Gambling is the opposite, you can rise and fall sporadically but will always lose long term. If you're not a full time, informed, day trader - buy and look away. Even with successful stocks a novice will inevitably buy highs and sell lows. The stock market as a whole will continue to go up. You just can't watch it intermittently and sell every time it dips.
If you go to the casino with $100 and allocate $60 to table games & $40 to slots, you're more likely to lose the longer you're there.
If you open a brokerage account with $100 and allocate $60 to stocks & $40 to bonds, you're more likely to win the longer you're there.
They aren't the same
"The stock market will go up" because of monetary inflation. If your account makes 4% per year, that's what the FED targets for inflation so it more or less cancels all your gains. You aren't actually doing as well as you think. I make better gains at the local farmer's market😂
@@Uruz2012 yeah idk what you're investing in that makes 4% a year, my IRA averages 12-18% a year, far outpacing inflation.
You got to understand that not all stocks go up and not all bonds get paid back. Although the likelihood of a stock going to zero is a long process, it can happen. Its especially at higher risk for penny stock
@@Uruz2012the average return on SPY500 is 8% yoy.
Yep. This is a good way to democratize financial knowledge.
Finally something useful with knowledge you can actually use
Chill dawg
I doubt I'll use any information on the stock market in real life, but ok.
The statement at 8:45 about index funds pretty much all any non-day traders need to know.
If you ever tried to day trade, you will already know this. He gave very basic informatoin, it's for people who have never touched a VWAP.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
Agreed, opting for financial advise is now the best way to go about the market. I average 4 figures/month in dividends, my overall ROI just hit $500k in 3 yrs. I only have 30 stocks (20%) of my portfolio, more of my investments are in digital assets.
I appreciate your advice. How can I get in touch with your Financial Advisor, if you don't mind? I am in severe need of financial aid.
Finding financial advisors like Annette Christine Conte, who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
Ben Franklin was one of the greatest thinkers in American history. And he knew something about wise investments. So it's no surprise that Franklin said that an investment in knowledge pays the best interest. Education matters - and it pays off!
My question: what value to society do day traders like you offer, as compared to someone that actually does something that benefits others, like teachers, doctors, plumbers, etc?
Keeping stock prices at sensible levels so that your pension funds grows without moving all over the place?
LEAPS are supreme
Nice
Hi
The house always wins.