The Scam Of Day Trading

"The easiest way to make money, is to tell people how to make money". Best statement ever.

As soon as he said you need 25k to be a day trader I knew his research skipped over the fact that you can use a cash account to day trade and grow $500-1k account by day trading I’ve seen people “gamble” their account to thousands of dollars risk management and proper guidance is wonderful

My biggest win is when I stopped day trading! Day trading is gambling…

My husband is a day trading addict.. He lost over 150k and we are at the point of losing our house.. we have four young children and he still can’t stop. Life has been a hell this last three years because al of the stress its causing.. the children don’t have a father and my husband is gone.. people please stay away from daytrading and pray for us 🙏

Daytrading itself is not a scam. But there are a lot of scammers in the industry. My experience and many others have proved it is possible to make money in the markets

If something is too good to be true…it usually is.

Daytraded 4 years. It’s extremely difficult to be consistent based on technicals. And fundamentals are BS. It’s not a very rewarding experience. It really is gambling, and takes advantage of the dopamine highs of success. And the depression of losing trades draws you into bad trades to make up the losses. In other words, your emotions are constantly being jerked around. Add to that fact, that big banks and hedge funds use complex algorithms and machines to assess the markets and react almost instantaneously, that it’s almost impossible to get ahead of an event or major move without chasing the price action. The odds are stacked against you. Buy and holding is really the only way to make money. But, that’s not even a guarantee, as most people don’t even know how to properly value a company based on its financials. Buying stuff you don’t understand is stupid. You’d be better off investing in your education, or buying real assets, such as real estate or collectibles, or even commodities. Simple things that you know and have experience with. Wall Street is really crooked, folks. I’d stay away from the market casino, because that’s all it really is.

when you are afraid to trade or to hold a position, means that risk is too high and have to immediately close your positions. Do not ask me how I know...

I can’t make it, therefore it’s a SCAM 😂

I have been trading for about 11 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points. I try to do top-down analysis but it doesn't work for me. I say to myself, clearly, I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless

Broke it down well and cleared up a lot of misconceptions

thank you so much for this explanation. I appreciate it so much. Love you.

Very good video. Probably the best on this topic.

This is a really good video, good insights there brother

It all just comes down to the ancient argument passive investing vs active investing

found you on Instagram, new favorite youtube page. Keep it up!

The reason traders in comments want you to day trade, is because its YOUR money they live on.

Day trading is very risky and if you throw too much money in there you risk getting kicked out. It's good job if you know how to spot bullish stocks with their lows and highs, but don't expect to make over a thousand a day, and if you do, thankfully you weren't kicked out of the stock for not keeping a balance.

great video! could have used this talk 10 months ago

Day trading isn't about "feelings". If you trade with "feelings", "beliefs", "lucks", or "hopes", you will lose.