The Realistic Life of a Day Trader
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- Опубликовано: 23 фев 2023
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Nice video as always but here is my problem I have been making losses trying to make profit in trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with an expert helped me stay afloat and grow my portfolio to about 65% since June, even though i know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Investors should exercise caution with their exposure and exercise caution during trading, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
Could you recommend your advisor? I'll be happy to use some help.
Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Even though invest like a day trader you have the mindset of a value investor which why I like this channel
Same here
Brilliant observation. She is definitely not pushing to make more and thats why she is not there yet. Women are actually way more patient than guys in trading. But I prefer faster pace. After all we trade to make big money
@samricher of course she is pushing to make more.she said she makes more with her course, than day trading
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.I got into the market with 10k and I’m up with 68k in a short period of time . I was able to build a business from my returns
How can one start,most times people don't know where to start when it comes to crypto.
But it would be great if you can provide proper guidance on steps to follow please
Trading success always depends on applying the right trade signals to your trade
Alex Heinz is my mentor, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
yeah Alex was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Alex Heinz. He is my number one source when it comes to crypto and TA.
Alex Heinz signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. It's huge returns is awesome! I can't say much.
Facts, the whole goal of trading is to build enough capital to be able to invest in other assets. Let the money work for you.
Like another stream of income right? I'm new at this just started watching videos and I've been on Amazon looking for a good informative book on day trading. Because that's what I had planned on doing once I've learned how to do it.
No one ever talks about how in trading that you can’t take out all your profit and spend it. For the account to grow you HAVE to be leaving some profit in the account for it to compound.
Its common sense…
@@icheeseit_3050yeah this is like intro to trading knowledge
No shit Sherlock
…because it’s implied? How tf else are you going to actually gain anything from it
I feel like most people understand you build it to a certain amount that you can make enough money to live off and then withdrawal the profits
Move from L.A.
Go where your money can go further & you can live even more comfortably as you build your capital.
Lol
@@ToriTrades
No joke. You should consider it.
You can live like a queen in Certain Caribbean Islands or in Latin America.
Its something you can consider while you are building your bank
@@ToriTrades i agree with you live somewhere cheap but it's hard for women. I think live somewhere close to family is the better option for most women.
@I am Me
You got a good point.
Safety is a top priority.
Take your time & compound your account. Then you & your family move somewhere else together if you can.
I'm on my trading journey & decided to get property in the Caribbean and have my permanent residence in Europe. I choose everything based on what I want & safety. So you can look into it when you can afford to do so with your family.
Just something to consider
Federal capital gains still apply. Income tax means nothing for the stock market
Trading is so much easier than all of you guys believe. You just have to know who to listen to and put the time in. ICT for basics and understanding, TJR Trades to understand how important it is to not overcomplicate everything, and finally find people who teach ICTs concepts but communicate it in a more effective way. Don't be smart moneys liquidity. You got this brother.
Hey man I’m willing to learn. Can you recommend any books or reading material. Everybody says this: study and practice & practice until you feel comfortable to invest even $100. Solid advice. But where to start is the question.
Ict
ICT traders are a joke 😂😂🤦🏽♂️
@@davidwyant3897 facts. VPA and supply and demand is where its at
@@playboiYamsyeah same me. I want to learn. And I am willing to put the time in. And really study. But I don’t know how to go about it. Or what books are the best
Its all about mastering the process. The money will come.
Hey there, quick question. What phone is great to use for investing/trading stocks? I am using iPhone 7s, however I no longer supports the apps like Charles Schwab now requires IOS 16 or later. Thank you and have a great day!
LA!!!! Bro would be balling in texas , we got no income taxes
Yeah but texas sucks. Alot of racists .. then u got alot of haters outside of that. And the weather aint all that great
Are you serious? How have I never heard of this?
@@LongStrokey its at least 3 states with no taxes yo. Look it up
@@LongStrokey Nevada is another one. I think Florida too, it i remember right
@@LongStrokey I'm not an American citizen, but I've heard that several states in America are tax-friendly aka the gov regulated no-income tax :D
She is smartly growing an acorn into an oak tree, having lots of acorns while sensibly rewarding herself with small rewards along the way. Over time, the rewards will grow bigger and better, where she will have the nice cars and houses and watches and have enough acorns stashed away so she never has to work again, not even trading. Guys who push for the big wins all the time will end up with nothing.
Great job 👏
why not move? and build faster? could save a ton moving to a better state
Family and friends probably supersede money
@@user-ot3zk5me5l exactly. That's exactly why we never moved out of California ourselves.
I'm not leaving my father or other family members or close friends behind.
You can make friends anywhere but it's not the same without those roots.
Gods and goddesses you have the power to create your own reality 333❤🔑
I don’t like your way of explaining the market or your strategy but you spit facts on what to expect and psychology which is why I follow what you have to say about trading
Just keep what you do! Love your videos 🤗
Hello, I would love your take on the best way to just get started or learn how to do this. Any info would be appreciated. How did you learn to do this. Maybe you have a video on that already but I would love to know. Thanks 🙏
Love that you keep it real
She says into a $696 supreme microphone.
I appreciate your content
Valeu!
Lol sweet supreme mic tho😂
I’ve been studying trading for about two years now. Not a single paper trade, not a live trade. Not until I have a one on one mentor, because not only do I want to build my long term portfolio first- but I’d like to actually intake verified knowledge so I don’t start off with bad habits. Also a one on one will be expensive but it’s better than getting taught as a group and it’s now a “one size fits all” type of teaching. So if anyone knows someone that’s verified & is doing one on ones, I would be glad. And not someone that’s requiring $50,000 USD for a hour either, thank you.
You’re on your way to have it all tori
Thats why you gotta invest in young age you dont have to pay bills and for a few years you can easely grow your capital
Or start part time while you already have an income so you can ease into it without having to worry about your lively hood while learning.
I sometimes wonder if living in a camper is cheaper than paying rent. But apartments are so comfortable to live in compared to campers and the landlord fixes everything for me.
Good for you. Treat yourself every once in a while.
Love your styles of trading❤️❤️❤️
Keep up the good work Tori!!
Look where your at now! Congratulations on the new car ! 🎉
Respect the realness
Ive never paid myself and probably have life savings in negative funds in the portfolio
just keep goiong you will get there too
Tori, can you please explain your color choices on your 4 hour trend lines? Thanks PS: Love your content!
Thanks Tori for this one
what’s a rough guide % to withdraw from your trading account to pay the bills?
I'm in the same mindset ❤ I just started trading CFD's in addition to long term climbing ETF's and crypto.
Step by step. I sold my apartment after a trauma. Renting expensive atm and I would like to stay here. Looking for a other job parttime and keep learning how to.to rarm by trading with limited risks.
Great Advice Sister 🎉🎉🎉
Nice post!
The only real Queen! Love you always. xx
Thank you for being humble and not giving false hope but more realistic and honest experiences. I appreciate that some are full of lies and u realistic goals and scammers with rented house and cars just to lure people to buy their courses really
you gotta be pullin off riskier and riskier trades if you wanna win big
Thank you
It’s fun hoping for the best for everyone
Thee most honest trader luv her your shorts
You should speak on taxes. Thanks
Watching this on October 13th 2023 and you do have a nice watch now 💯💥
IM GETTING INTO IT AND NEED FRIENDS
Trade Inequalities Learn That and 1 Trade is Enough
hey, tori hope all is well . Quick question I'm looking into getting your course but I'm just concerned coming from options trading how easily your strat would be applicable. Do you show live trades of just futures on there etc.
It's a scam look for real courses not influencer ones
I live in one of the poorest counties in the country and for the first time in my life it's working in my favor. The threshold for me to be able to make an equivalent of a "regular" job around here is so low that I'm doing exponentially better over all by just working full time earning as much as I can as a laborer and taking baby steps as a swing trader with small options (2.5k ish max rn) working a slow and steady snowball.
A rental around here might bring you 500 a month in income all said and done so that's my goal rn, 5 hundo profit a month in trading while not having the investment risk of having my money sunk into a rental during a cultural period where ppl are loudly saying they refuse to pay rent 🤷♂️ strange times of opportunity
I love this channel.
No reason to stay in one of the most expensive places to live when you're "job" is online. Gotta make better choices and your goal will snowball just by moving.
That's where all her family and friends are.
You are amazing❤
Lovely!
Yes that’s what I’m striving for even if my p/l was 100k for the day unrealistic but id still be driving my ford focus with half gas like im broke going to Walmart to buy some cheap groceries
Bring your light higher for better effect
@ToriTrades would it be possible to get the list of futures you trade?
People always want nice thinks but what got me to touch a million was living way below my means. Day traded abroad for 3 years in thailand and laos which are very cheap to live. Living in a western world would not allow me to touch a million in usd which is still growing till this day. I can if I wanted to buy the nicest house, car, and meal but that would send my money down to atleast 6 figures and I got to start over.
Do not get hung up on getting to the dan bilzarian lifestyle, keep your cost low, be in a low profile lifestyle, and guaranteed you will be a millionaire +
Do you have any tips for people starting out?
There's no point of day trading if you don't buy a nice house and nice cars, unless you're unemployed or very under paid
Im still a rookie trading less than 1K but i managed to move out of NYC to Puerto Rico, a bang for my buck n i could relax n study better
People need to realise trading isn’t a get rich quick scheme. If you go into it thinking that you’re gonna get burnt real hard when you take on too much risk tryna hit those big trades
I'm comfortable in my everyday wrangler jeans and boots
What do you like to use to day trade on your phone?
trade CFD with equity edge instead!
Probably should allow your trading money to be your extra income while you allow your regular job to pay your bills, you’ll probably get to your goal faster.. better yet, have a housemate to split bills with
Looks like her and nephew made it to florida
How much capital are you trading with
Did you leave LA?
What site are you using to trade?
Guns before butter👍💪❤️!
Understanding a life in abundance in one of the best places in the States can't happen soon enough. Never settle completely without enjinuity on your project. You'll find much higher prosperity. I certainly have in 30 days. For instance EUR/USD will sell today in Asian market open daily swing. Learning T&B isn't perceived online. But your good at drawing lines. Get back to squares lol
You could have all of that in most other states at the same price
Doesn't matter what I don't understand trading as I believe is orientated to massive loss, that's the thing, because Im obviously in denial and I don't get it, either have patience, as much as I dont follow GPS yet I always found my way. I need to learn. Anything at this hour sounds as taxi driver all the time anyways, so ✌️ ☮️ peace !
I am just visiting San Diego right now and it is way more expensive than Texas 😂. Also when you started trading did you go through a prop firm or did you build your capital with your own funds?
Hah come to Poland where 1$ is 4 PLN. 2500$ a month gives You best apartments and awesome food. Also few people know that but Poland is really tech-advanced place and one of the safest place to live in Europe
This Girl going to Make it! She deserves it too!
I like her lips 😂
Why don't you trade options Tori? It'll generate more returns
*supreme branded microphone*
Move out of LA. I'll never understand people who claim to value money but choose to live in areas where they willfully spend 4-5x the amount necessary to live .
Tori i think you are the best i like how you think
It's also your first year transitioning.
absolutely disrespectful leave troll !
Right on! You got this
Imagine how much better you could live on an 8th of the cost of living in Texas or something.
biggest decision i see the young new traders make is living in places like LA and NY.
🌍
its all a lie famo. the markets are coded to track your breakeven SL. it moves from us smaller timeframes are the same as bigger its just zoomed in so to speak. so i tested this and its time to tell ppl. use the 34 simple close. 34 simple high. and 34 simple low!!! on any time frame the candles will always always!!!!!! come back to touch one of those 34. so i use the 5m to see within the hour and use the divergence in the stochastic 14,3,3. one love
could you quantify your trading life? just asking because I am wondering. LA is a very expensive place
I love her honesty
🙏🏼🥹💜
You are not there YET🗣💯
I'm starting to realise swing trading is more accurate and profitable with less effort but I find it boring. Then I realised hang on, I'm complaining about having more free time??😂
You're not a day trader. You're a RUclips personality mixed with swing trading.
The bs on the internet is the goal of ant effort is to buy gold and flashy stiff but true real people that anyone would take seriously are about building generational wealth, especially for someone your age.
Nice cars and stuff are not that important tho. Your time, health, and happiness are more important, and if you can support yourself with trading, then you're WAAAAaay ahead of the game. Plus, you can move to the east coast and cut your expenses in half.
Greg Secker says its amazing, every day....
Súper random but every time I heard your voice it reminded me of someone… and now it clicked, your voice is so similar to Selena Gomez, trippyyy
Yeah you're wasting a ton living in L.A.
Seriously, and theres probably homeless people right outside where she lives and literally everywhere she goes.
@@jm4236Even with all of that when your friends and family live there it’s not easy to just pack up and dip to a more financially efficient area.
@@goomba8170most of my family lives in like 3 different states. Meanwhile im chillin in the appalachan mountains doing my thing
Bro move, what’s so good about LA?
The easy access to narcotics lol.
💯… we don’t trade the same but I value your opinion.. you and unc😂
I can appreciate that!! Haha
I take the risk with the money I earnd and pay taxes on only for the Uk goverment to take their cut in more tax when I make money trading. Sounds fair.
If you moved to the mid east you would live like a Queen Ohio, Ky, or Indiana. Plus I could take you out on a date. Just saying.