The Truth About Day Trading (Guaranteed To Fail)
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- Опубликовано: 31 окт 2021
- Are you thinking about getting into day trading? Well, this is why day trading doesn't work for the majority of people. There are many gurus online that teach you how to day trading using their various day trading strategies that even beginners can make money with. What they don't tell you is that the data shows how it is very unlikely to learn how to day trade for a living and that most people actually lose money. I hope this video answers why you s]probably shouldn't give up your day job to try and trade stocks.
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DISCLAIMER: Everything in this video is of my own opinion and could be wrong. I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Remember most business' of any kind have a 90% failure rate. It's not just trading.
Agreed 😮 but forex is 98% failure n it's not easy I trade I know
This
Are you among the 2% or the 98% ? @@ashmedia1883
This is a stupid comparison. If somebody told you that you could outperform 99% of businesses with 0 effort, you’d do it. This is why instead of wasting your time and effort trying to day trade, of just buying a low cost ETF (that beats 99% of day traders) is the smartest thing you can do.
Business are not manipulated, stocks are
day trading isnt the scam, its the people (trade guru's) lying about how easy day trading is. day trading is profitable but ONLY if you actually use trading strategies and have knowledge about stocks. dont be like like the 90% that just jump into stocks and just gamble your money without thinking, thats the real reason why people lose money while trading, not the trading itself.
this is true, they make it seem easier then it is, but I wouldn't say they throw money in without thinking at all.
I've noticed myself and other traders, at least in the beginning, don't have the discipline to wait for the setups. I've kept detailed notes on my trades and notice on days when I wait for a setup I make money and on days when I follow the market and just jump on some spike I usually lose or make very little.
For me swing trading and position trading with the trend is much more effective. I got killed as a day trader. Not to say I did not win or have big wins, but it never lasted. I would have been better off swing trading. Stay strong!
I love how honest you are, and you dare speak the truth.
Why?
lol
There are many profitable traders but like any other high paying job you have to study for a few years before seeing any results. The failure rate is so high cuz people trade with the expectation of winning without any experience or by learning some scam course from an online guru.
Just because you suck doesn't mean it's a write off. Trust me.
This means the cool-aid hasn’t yet reached your brain? 😊
@@Gengingenno it works if done with discipline, planning, and then post day or week evaluation, and years of experience.. it’s not really trading honestly is risk management, probability evaluation, and money management.. there is zero prediction as no one can predict price action it is chaotic and unpredictable for anyone or even any computer, as soon as you become a player you become part of the action you are trying to predict.. I’ve been 3 years trading consistently upward, up two steps back one, up three back one, up one back two it happens, but it always goes up and to right over the long haul..
She have the statisics on her side. Its a fact that most people loose money trading over time.
Thank you! Honesty and clarity...how precious.
Excellent video! Loved the content and the editing.
Thanks Misha!
Thank u so much Karson, we keep learning from ur vids 🙏✨
I am a day trader now for 2 years my strategy is support and resistance wich trendlines I se that 55% of my trades are wins. You can never be right at a trade that's not possible but you can manage your risk by trading wich support and resistance . If you win more on the winners side and you lose less on the losses you can make money but it's very difficult to do this it's take a lot of time but after 2 years I made 600 euro on average a day so you can make money on daytrading
You wrote: "You can never be right at a trade..."
I think what you tried to say is this: "You can't always be right..."
These have opposite meanings.
thanks for your statement....do you use fibonacci or make it by elliott-wave ?
It's not impossible money to make day trading, especially over short periods of time, but it's very hard to make money consistently over longer periods of time. You wrote this 8 month ago. How have you done since you wrote this post?
It is just taking a bit longer for the law of averages to kick in, trust me on this. The only trader who can rightfully claim to “have” won is if & when he quits right after the win. If you don’t agree ask one of the legends in this line of business: Jesse Livermore. He went through several roller-coasters on the way to an untimely avoidable death. Companies succeed because they use the law of averages to their advantage: they regularly weed out losing ones replacing them with ones on a winning streak. Laws such as these are unbreakable. 😊And I am not even mentioning shenanigans like insider information, spoofing & obviously size where they can move markets to their advantage by price-signalling taking daytraders like you for a ride in advance of taking a position. So by all means enjoy you “wins” but don’t make it a habit you cannot shake off. 😊
55% wins is low. I use my own one-trade-a-day algorithms and typically have around 65% winning trades, which over a year gives me an approx. 100% return.
95 percent fail because they wqtch this stuff. Hold for long term? The less time you have in the market the less youre exposed to risk.
went through 100s of videos literally 100s and finally found this one this golden video backed by probability before possibility backed by logistics before statistics!!!!!!!!!!
Thanks!
I am not necessarily a day trader but I do trade here and there when it makes sense. I am right in line with the market over the past 6 years (around 15%). This is a mixture of having premium funds, index, reits, and other dividend yielding stocks. Unlike most folks who look to day trade, I have a business degree, taken multitude college level courses on economics and finance, and learned hard lessons by losing a good chunk of money. The main thing I have learned is to drop the ego, filter information better, and not be afraid of speaking with more experienced analysts.
Anyone who tells you that you can make 1% per day is selling you a big old bag of magic beans.
Real eye opener. Thanks.
You’re welcome
Thanks. I feel pumped now.
Great content! Hopefully the algorithm picks you up
Thanks Nathen! That would be amazing
The statistics are flawed dramatically. They don’t take into account how long they’ve been trading, how they’re trading, setups if any and etc. It’s grouping seasoned traders with someone that just started yesterday. You can’t just stare at a chart and place orders. A footprint chart, book map and drawn zones are the key. Lastly, the job of a retail trader is to react to the reaction of the markets, not predict like everyone came accustomed to during the outrageous bull run.
@@daniel6648 Exactly. I forgot who said it but, “Doctors and lawyers take 7+ years, so think of trading like school. The first few years are trials and errors paving your path, the later years are the equivalent to a doctoral degree”… Something like that, but it resonates with me profoundly.
Shhhhh don't tell everyone
This was a wonderful explanation. Thank You..
Thank you i needed to see this.
I can actually change the market direction. Whenever I buy, the market goes down...immediately! (I should live stream my trades and make a service out of this!) Actually, Im not kidding.
sounds like a genuinely viable strat. get someone whos really bad at trading and just do the opposite of them
I needed this video. Thank you.
Genuine video. Good advice
Yep these online trading gurus are the biggest con merchants going. Trading is hard, don’t let anyone tell you it isn’t. I’ve been trading for 12 years and it took me almost 4 years to become consistently profitable.
she right and honest ,dont be fool by fake guru or advertisements. most peoples loss money then win . if most peoples wins all of us be millionaire already, dont fall for it
This lady speaks the truth! Good video, very well said
its an art that not many people can do,you need to be extreme good and within months or years develop your own technique strategy,most people think its fast money but it is not..
I'm about to go all-in on one trade!
Haha please don’t!
😂🤣
Right? I'm selling everything, the house, the car, and my kidney to go ALL IN! lol!
Respect. You just went against an industry. I'm in the investment and financial industry, there is so much that retail traders don't know about how rigged the system is. Been on both sides now, the truth checks out. I'm going to make a similar video uncovering this. Great work Karson!
The sneakiest way to make money, is to tell people how to make money. 🤭
Market makers moves are so obvious! I can tell right off the bat when market makers are trying to accumulate and distribute liquidity or when they are about to grab liquidity. It happens over and over on every single timeframe. Trading over the past few years has been 100% muscle memory.
@@EdgeTradingFX- I am sorry. I just don't believe you.
@@EdgeTradingFX- I am sorry. I just don't believe you.
glad to see a honest video about day trading
Thanks!
Most people don't put in the thousands hours testing a strategy finding a strategy that consistently wins before going live.
Exactly, 5 hours a day, 200 plus trading days, 1000 hours a year.. 4 years maybe 4000 hours later you got some real knowledge of price flows and you’ve run various strategies if your smart with real money but real small money.. maybe your getting there maybe you still need another 2 years..
I person that can get it in even 2 years is a unicorn and I’m sure it has happened especially if they had a good mentor, but it takes time and especially LOVE..
You can't make 1% when your positions starts to be above 5 millions. There's slippage and its harder to get filled. Your calculations are unrealistic.
Yes the majority of day traders a losing because they don't learn risk management properly.
exactly, thats what i m saying
The truth about day trading is that you can make a decent living at it, but only if you start with a sizeable amount of capital and are okay losing or breaking even for the first 2 or 3 years while you learn to identify proper entries. It will then become a job like any other. It's definitely not a get rich quick scheme, though.
The problem with very long time is that you might want to use your money while your young / healthy instead of old with limitations.
Thank you for telling the truth.
THE HARD, COLD, TRUTH. 🎯🎯🎯🎯🎯
This lady knows nothing about trading so no hard facts spoken here
I agree. Many people selling these courses make it seem like you can do it while working full time on a busy schedule. It's incredibly hard to do. It's a full time job to be a day trader especially if you aspire to be like the 1% to 3% that are top level.
I love this video and it’s telling the truth about day trading
great video, can you please give me a link to these studies please?
This is not true for everyone. If you have a patience mind set, swing trade and keep your limits low you can do just fine. It’s when greed and gambling enter your mind where you can get in trouble. The only problem with day trading are the videos on RUclips. That is the core of the problem. What happens if you put your money in an index fund and the market crashes like in 2008? You will lose just as much…ETF don’t use stop loses and charge a lot of fees that diminish your return. No investment, ETF’s included are safe…none to the market. If someone wants to study how to do covered calls, which do have a very nice probability of returns, then who are you to stop someone? What are your credentials? Someone who just dumped all your money in a Vanguard ETF and see an annual percentage, which after fees and inflation is not the actual return? You advice is good for maybe a teenager who has a little money to his or her name but mature adults can decide on their own.
Great vid, trading asmr lol
When you don't know, you don't know.
1% per day is not possible but 2-3 % per week (averaged over 50 weeks in a year) is possible. But it takes concentration and focus of an ace tennis player.
My plan is to go from 1000 to 1 million within a year. 3% daily profits.
Most people fail anything they do in life so 🤷🏿♂️ it's the same with entrepreneurship
I’m not a day trader but I still enjoy watching these videos just to hear about what’s being said about it. I’m a swing and scalp trader. These are the two ways I like to trade.
i make $60 everyday on average with 30k account daytrading after more then 4 years, it's possible but requires discipline and lots of work. i only keep doing it beacause i love it. not for everyone
This is the way. 👋
When you get to this stage you know it's possible to take it to the next level. You have the skill, you're willing to do the work AND you enjoy the process.
Scaling up is down to the individual and their personal goals. Nowadays, there's sites like DarwinX or one of the many so-called 'prop' firms to leverage your success.
If you are only making 60 USD on a 30K account and you have been doing this for 4 years then you are just wasting your time unless you have a goal to eventually double your daily gains...
@@mustafabaris9681 that sounds alright if hes not using any leverage and trading things that hardly move.
@@mustafabaris9681 How could they have been wasting their time? If super consistent, that's 50% annual return. Which Hedge Fund manager or professional investor makes that in a year?
Great video Karson. I started out trading penny stocks and then transitioned into trading SPY options. As a day trader I would win and keep giving my money back.
I started trading back in 2016, so I've been at this for years.
The risk management has to be right on point where you are sticking to your plan.
What I found out the hard way is that I had a higher probability of winning, not by day trading, but by swing trading and position trading with the trend.
In fact, you can go for weeks without a good setup to day trade, which is what happened to me in 2023. Most day traders like myself, end up forcing trades, and getting into trades that only chop sideways all day long.
People who show they are making all this money every day are not telling the truth.
Most people online are making money off of selling the concepts and setups to people who are just starting out. Stay strong!
Ive been trying to learn how to trade for 12 years im done im honestly thinking about startimg a ecomerce or some calisthenics youtube channel i wasted my whole 20s didnt even complete college and i gave up my dream to be a music producer trying to learn forex its not worth it
Trading is similar to managing your weight. Everyone knows how to do it. Most people dont wana put in the work. They want an easy solution.
Improper analogy. No amount of time or "work" ever predicts random intraday stock price movements.
@@Remembering-rq6si you're aware some ppl make consistent money trading right?
@@gymvideos4579 I am a retired Professor of Economics and Finance. I can honestly tell you that I have never seen any day trader, anywhere, at any stage of life or education level, who has been consistently profitable "day trading." Recently, I had a conversation with a CPA who is close to 70. He has never seen anyone make a living day trading. I will believe you are "consistently profitable" when I see your tax returns.
@@gymvideos4579 Sure, just not by day trading.
Even if you are only targeting small profit like 5 pips, the market can still completely swing right ? lets say you trade after London close when the volatility goes down, the market can just u-turn at any given moment. At least with stocks you have an idea how the company is doing. I feel like forex can be easily manipulated for retail traders
Very informative
Glad you found it useful
How come on paper trading I can make thousands a day but when I do a real account I lose my ass?
You are guaranteed to be terrible at it when you start and you will blow your accounts. Most people give up after that. This is what is leading to the statistic that 97% of people fail. They do not take the statistics of those who stick with the profession and actually learn to trade. I have been trading for years and I am profitable.
Do you have a 9-5 job?
Another stat people shouldresearch is the 90/90/90 rule. A sobering stat
what she said is truth. Day trading stable profit is not easy for the long run !
You save me thank you🌹🌹🌹
Haha you’re welcome
After over three years of busting my ass and slowly bleeding out my account, I wish I would never have started down this path. The final year was spent not wanting to face the truth. Don't do this to yourself.
Gave up after only 3 years? It takes 4 years to get a bachelor's degree
@@EdgeTradingFX- I haven't given up. I cannot, even if I should. I've invested too much time, money, and energy into making it work. I think I will end up being a profitable trader. Not a million dollar trader, but I'll get something from it. Will it have been worth it? Probably not. But I guess we'll see.
@@jle4433 please watch videos on forex Change of character. This will take your trading skill to a whole new level
@@jle4433 If you are using indicators please remove them all. You do not want to go down the black rabbit hole trading indicator after indicators. Learn how to trade on a naked chart by marking your higher timeframe zones and then scaling down to lower timeframe for entries. trade within the higher timeframe zone until new structure is created or a change of character for a possible reversal. Always sell at the top of your higher TF zones and buy at the Bottom of your higher TF zones AFTER a change of character. I would also learn how market makers operate so you can avoid getting liquidated. Watch videos on bull and bear traps, inducements and equal highs ,equal lows, and supply & demand zones
Hope this helps! If you have any questions feel free to reach out to me.
@@jle4433 im legit so sorry for you
What about swing traders?
congratulations on figuring out that day trading takes skill
What can you say about Ricky Guitierrezz he has been day trading for almost a decade. And he is really good at it.
Hello Karson. Excuse me, but did you by coincidence delete my comment under this video that I posted earlier today?
I did not mean to spam or anything, I was just asking a serious and long question that I wished to have answered.
cause she knows she got exposed lmao
Ok i will yolo all my saving in one trade thanks!
I don’t think you understood the assignment haha
I was in stock market for 25 yrs
Investing guru throwing shade on trading gurus 😁
You sure know how to make a professional retail trader special
The thing about your chart of 1% gains is once you have htat much mieny you cannot just get in and out easily witht those large amounts, hence why it starts to become impossible.
if it was easy money or made any profit, they would be keeping it a secret not selling their so called secret (bullshit)
when was tesla 1000$? which year is this? 😅 3:44
If we had the discipline of a monk master and the patience of Jobe we could make it in the day trading game. But then you realize if you actually had the discipline of a monk master and the patience of Jobe you would not be day trading at all. You'd be Warren buffet holding stocks that are worth a damn for years
Why it is "reasonable" to gain 1% daily in the first year and "does not make sense" in the 5th year? Just because the amount scares you?
One great man said - Technical Analysis works until it doesn’t 😂
I’ve been trading now for four years. I became profitable around year three after I studied Mark Douglas trading in the zone psychology. The first two years I lost money because I didn’t have the mindset. I didn’t know what I was doing and I was sold on the get rich quick stuff. That’s why over 90% of traders fail. But if you told me I would be making 8 to 10,000 per month trading and not have a job five years ago I would say you were crazy. Trading is a game of losses. You have to treat it like a casino. You’re the casino if you can’t handle losses this game isn’t for you. It’s not like a regular 9 to 5 job.
Its even worse because the youtube algorithm rewards rambling rather then getting to the point. So by the time you actually backtest their "strategy" you have watched the entire video and brought in ad revenue.
They make the money selling the courses
A paradise for bad wealthy people and a life consuming hobby for the middle-lower classes
yeah it is like an opium den for us basement or skyrise apartment middle class types.
KARSON: excellent content. Well presented.
Thank you!
I don't think you understand the topic you picked and are just trying to sell your investment services.
Its gambling
aiming for $5-$10 a day to start off !!!
52 weeks * 5 days =260
1% pr day * 260 that’s 536.5% profit 😂😂😂😂
You got be educated understand trading instead just jumping in with no knoledge
No I think you can do it.
1 percent per day is not hard to make every day but it takes years of practice and discipline and enough of a brain to see the patterns.
Well, Warren Buffet is not a day trader. He's a long long long term investor. If Warren Buffet really wanted to focus all of his efforts on being a day trader, I'm sure he could learn to make more than 20% per year.
I don't think you have enough experience on the topic to talk about Day trading. Most people are just lazy, and they don't put in the work then expect overnight success. That is probably the 80% percent of "day traders".
can we make a rule that ONLY people with personal trading experience can make videos like this? instead of people talking out of their ass...
Mostly they rent the cars and Stuff to make all ads
That's how you can tell apart the real traders from the fake gurus. Whilst the furus rent the lambo lifestyle, the real money makers are buying a "safe" family runaround and investing in property, real assets that won't depreciate fast and businesses seperate from the markets.
let me tell u that day trading is putting 10 fish in pond and giving access to 1000 people ..making people to think each one will get fish ..but risking some money ..///..
Of course day trading fails because even with 1:2 risk-reward ratio you are not profitable because you have to pay commissions, slippage, spreads, execution errors and missed trades. To make significant amount of money you need minimum 1:4 risk reward ratio and no sir no day trading strategy can offer 1:4 consistently.
And most day traders risk 3 points to make 5 points. How horrible is that, I can't tell
@@smeshnoymatvey2054lmao you can be profitable with as little as 1:1 (Including commissions). The trick is knowing where the market is SUPPOSED to go, not where you HOPE it goes. That skillset is achievable but most don’t have the discipline, patience, nor time to see it through. How do I know? Because I did it 🤷🏽♂️.
@@smeshnoymatvey2054 yeah those are horrible. in a 1 to 1 trade you still lose money thanks to all those factors
@@smeshnoymatvey2054 it's not only about rr, but the win rate overall. Successful traders can take 1:1, then let's say 5:1, so on average they are profitable. They don't blindly put 3:1 RR and close the laptop, but analyse every situation individually, evaluate the potential and adapt to the market.
It's just like gambling. + They've to deal with anxiety and losses. And if you want to sleep peacefully at night then better not to do day trading/intraday.
I tried equity long term trading and it's a bit stable. You can target about how much profit you want a month and manage portfolio accordingly. Also to make sure to diversify the investment. Usually 10 % a month would be easily possible with swing trades. If taken educated calculated risks and invested after proper research about companies.
Exactly, it is gambling. This is what I tell anyone who is trading stocks its just gambling. What you lose is time, you could have learned to computer program in that time and actually make money. It is very true, there is so much anxiety and you lose sleep, its outright unhealthy.
Most people will even wind up losing a lot of their money like I did. I kind of knew better but still got caught up in the gambling.
And no, at the end of the day you will not beat the market averages, studies have proven this. If you are stock picking and not fully diversified you will lose all that money when these companies stock prices tank. If you are diversified, then you are going to be making market averages so just save your time and buy an index.
if you go into something without any education and knowledge about it and just yolo your money, that makes you the gambler, not the stock market. gambling doesnt have strategies and education.
It's only gambling if you go in being arrogant and a troglodyte. If you don't develop a strategy, understand the market and the instrument you are trading, backtest your system extensively, document drawdowns and market conditions that favors/unfavorable for your system. And execute a proper R/R for your specific system and don't deviate from your plan intraday. Then you are gambling. Imagine going into anything that present significant risk without proper preparation. Just nonsensical
I also consider day trading as gambling especially as I entered via 'spread betting'. If you ignore the wisdom of this channel you need to find your edge whilst only putting tiny amounts of capital at risk. It's very important wannabe traders limit their losses as much as possible whilst they gain the necessary experience and consistency.
They dont succeed fulltime mostly because they don't have 2 years or more of cash or investments to live on to learn how to do it properly. If your putting pressure on yourself to make money weekly or monthly to pay bills will make you fail easy. Thats why swing trading is better.
You look affordable 😌
the truth is you will fail a lot more before you be come success you can’t reach success until you fail
But in trading if you fail a lot you run out of capital.😂
@@MCwearedoom true but that why you need a job you can’t be a full time trade with no job lmao and also you need maximize your risk management and know when to cut loses
@@MCwearedoom you could trade small amount at a time and build your wealthy slowly up but it time so building wealth doesn’t happen over night it takes months to years
Don't knock trading ,knock the scammy guru's and the folls that get sucked in by them . The 90% is over stated
This woman wants to keep you poor
Day trading can't make millions. This is because they can trade a few thousand trades per day making 10-50 cents per share. It will never add up to millions. But, they can make 100-300K dollars per annum. Also, even day traders take money out from day trading and 'invest' in index fund. Day trading is just one way to earn wages just like real estate brokers or sales people in your company who get paid commissions which varies every month.
Where's Destiny now, Melina? :))
Skill issue
I am an arbitrator…..
You should have just presented your video on how to invest money in stocks long term to make a profit, stop discouraging potential profitable day traders just because it didnt work out for you, good thing they didnt see this video first SMH
What a racket; day trading is a legalized method to steal money