Confronting the Biggest Day Trader on YouTube
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- Опубликовано: 16 окт 2024
- Confronting the Biggest Day Trader on RUclips Ricky Gutierrez
Zero to Making $100k Per Month at 18 I Biaheza Story:
• Zero to Making $100k P...
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This video is no shape or form financial advice, it is strictly intended for entertainment purposes only.
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Thanks for having me! Now when can I sell my Fluffy coin?
Now
Buy more
Bro 💀
Good response ahaha
Lol. Rug pull yet to be pulled?
Biaheza always delivers 🔥
Bot
@@gregkareem9824 He’s not…
@@yahirsuxs611 is
thanks for that costco video the other day, bought more stock
Baby?
HUGE respect for actually questioning his answers and not just agreeing with everything he said.
He was still beating around the bush
absolutely blown away about how much Ricky can talk when answering a question without really saying anything
Don’t blame him for not knowing to explain and dumb shit down for you but blame yourself for not understanding what he means i as a day trader totally understand why 2% or even 30% is possible in a day it depends on risk management and position sizing but you probably don’t understand these concepts at all so educate yourself and rewatch this video im not trying to diss you but this is a victim mentality once i got rid of it and stopped expecting things from people i actually became free
I wish I could answer a yes or a no. If I ask you how does a drop shipper make or aim for $100 a day? How do you do it and is it difficult? Your answer would consist of an explanation of how it works and why it’s attainable. These questions are not just a yes or a no but needs to be explained as not many know how drop shipping work. Same thing.
@@RickyGutierrezz dont worry ricky the real independent traders know that 2% a day is very possible and actually pretty low
Theres a huge difference between hedge funds that trade and independent traders
@@thecuriouscris5645 that’s what i love about this guy he doesn’t feel the urge to go out of his way to explain notice how he flew to ricky not vice-versa. And I respect him for that because there are other More successful traders I follow who don’t have the self-awareness to not waste time explaining to stupid people
@@ismailblackrock93 its realistic to make 2%, but its even more realistic to lose 20-40% due to some cognitive bias causing u to abandon your trading system. Especially when you’re new to it, which these investment services are marketed to
Well done Agent 47, now get to the extraction point
🤣🤣🤣
😂😂😂🤣lmao
YOOO😂😂😂😂😂
🤣🤣🤣
This is brutal
When's the full length podcast dropping?
yo i didnt know you watched biaheza thats sick
Biaheza is a smart man, this is a test to see audience reaction to a podcast format ;) … podcast coming?? like this if I’m right Biaheza 🔥
Yoo this colab I love 🥰🔥
Ricky: I have lawyers
Biaheza: *didn’t sign liability*
“Those are the only accusations I had for today” lmao
🤣
😂😂😂
7:43 "The goal on a weekly basis is 10-15%... I've been doing that for years."
Later: "I just meant it as a goal and yes it's unrealistic"
he had been having un realistic goal for years
hahahhaahhaha
^Exactly
This is actually a pretty softball interview, and Ricky still managed to come out of it sounding sketchy as fuck.
frrrrr
Ya'll some haters. Go get a bag.
Get a life
Well when he's on the take what do you expect
You are a Simpleton
Ricky is right about liquidity. You can't trade with $1m the same way you trade with $50,000. You can't just sell $10m worth of shares in a single trade and expect to get the perfect price. There's a reason why investment tournament contestants trade with $1m and under - liquidity.
Exactly 👆
This comment is On point
Well, thats completely missing the point of the interview.
He should have said it in the first place. That was my main issue with him. A real day trader would have been able to answer the (why can't you just infinitely scale question) without having to think and pad out time with non-sense.
^^ if he answered that I would have felt a lot better. Instead he sort of side stepped the reason and made is sound more about psychology than anything... maybe he's primarily trading larger cap stocks?
The thing people don’t understand with him saying he hits goals of 1/2% it isn’t like compound interest. Any reasonable person will not put their whole account on the line every trading day, they will stick with a set amount every day. The “ he would be the richest person in the world if he could make 1-2 daily” is just bs because you can’t just keep putting your whole account up every time you make 1-2 %
@@anthonynoelson827 says he doesnt know what hes talking about then goes and agrees with what he said lool
@@DreamTheSpirits omg lol you're right. My bad, I misread it. I deleted my previous comment. I just reread and realized he's actually defending and trying to explain more of how risk management is.
Like going to the casino until you lose everything or win all of the money lol
Making 1-2% a day doesn't mean putting your whole account in every trade. It means making 1-2% per day on the total account value, you don't have to use your whole account in every trade to do so. You can trade with 20% of your account and make a 5-10% roi on average (assuming 1 trade per day), and make 1-2% per day, or any other variation of trade size, average % roi per trades, and number of trades per day you like, to come out with 1-2% per day. 1-2% per day doesn't necessarily mean you gotta put your whole account in trades every day to make the 1-2%
@@samuel.carlson it's all about risk management. If you treat it like the casino, you will gamble and blow your whole account. People don't know what they're doing expecting to make millions, then they lose it and blame it on the market or whatever saying it's a scam
Ricky has been trained on how to answer questions like a politician ..
If i was screwed over even half as much as he was, I'd be careful with my words too. And he didn't just dodge questions, he did answer them.
At the end of the day, he's still making money and probably couldn't care less about what you have to say, otherwise he wouldn't have shown up to this video. Could you blame him though?
I've been trading for almost 4 years and been through all the ups and downs and scams... But once you really understand what is necessary to win in the trading game, apply it and stick to your plan and rules, making and av. of 2% a day is absolutely possible. I wouldn't say you can do it for years, because eventually your account gets bigger and there is more pressure involved which makes you lower your risk and goals, but in my oppinion, almost everything is possible in the financial markets if you have the right mindset to succeed. And thats the one thing which makes Daytrading/Investing different from almost every other profession. Its almost 100% psychology. But to come back to the 2% a day, if you have a strategy with an actual edge which lets you make a consistent 1-2 R a day, the question if 1,2,5 or 10% a day is possible is just a matter of a good position sizing strategy. If you are serious about trading, read the book "Trading beyond the Matrix" by Van Tharp, it will open up your eyes and lets you see trading from a completely new point of view.
Few will understand and even less will take time to read your entire comment. It’s easier to comment something funny on why they don’t believe someone then it is to understand the actions of what is being said.
@@RickyGutierrezz absolutly, just by you answering here on my comment lets me see you are legit. There is just so much misunderstanding in Daytrading and the financial markets.
Dang I’m the only read this? Thanks man it is find ur own way stick to it and making small gains is great way to increase ur pro-folio. Back 2 years ago I was so happy selling calls and selling puts on airline it was boring but im making consistent money like 1-2% weekly and I used that money to buy more shares and I watched my airline stocks just increasing on a weekly basic. After a while I went to chase tech which fk me over. Now I’m back to what I’m feel most comfortable strategy which is just selling options
I like how clearly and sincerly you wrote this, do you have any other books to recommend about trading psychology ?? like the top tier ones, also, what's your opinion on Mark Douglas videos and his books ?
@@mariusdragomir3169 Mark Douglas is great as well with Trading in the Zone, also Markte Wizards is very interesting. Its pretty old, but aged well, it shows the different stories of the best traders in the 70s and 80s. But overall I think Van Tharp is probably the best author when it comes to trading and psychology and pretty much everything you need to know.
I like ricky. I believe he is a true business man and understands its a business and be treated as suck. The stock market is not for everyone
His "daily goals" can be misleading to the people desperate to succeed. He's definitely not the 1st nor the last. I say this humbly and pray for his continued success.
Bro is ducking all responsibility with the word “goal” 😂
🧢
Been trading for 7 years, watching Ricky for 3+ years. There's a lot of good content within his videos and he will nail proper chart etiquette into your brain. Portfolio up 12% in 2020 and 27% in 2021. Realistically trading is about finding what works for you and there are a ton of different trading methods, finding your own equilibrium is the name of the game. Ricky will help push you towards that.
Had you done literally 0 day trading and put it all into S&P500 you'd be up higher percentages in those 2 years. Good hobby, but not a money making one.
@@autowatch69 Correct, my returns are only marginally higher than the S&P, only difference is this year I'm not negative at all, while most are. I also primarily swing trade. Ricky doesnt do day trading a whole lot now, mainly for advertising at this point.
The return of the S&P for 2020 is 18.40% and for 2021 is 26.89%
My returns from last year were me being up 1200%. Stock day traders don't understand the liquidity that's actually out there in other markets.
@@autowatch69 yea but that wont always be the case. youre cherry picking a time where it was constantly in an uptrend.
I love these types of videos that biaheza does where he absolutely refuses to let scammers do their thing
Day trading is not about a "strategy" that will always work. Every day is different and you have to react to what the market provides. Your questions about scaling makes sense, but its not that simple. Ricky's response is on point. The more money there is involved the more emotional you are about the trade.
Only traders will understand this. It’s easier to laugh at something you don’t understand.
Well said
@@RickyGutierrezz Definitely. All love on this side keep killin’ it out there 🤞🏼
Agreed. But I assumed that a trader with his experience would have gotten over that apprehension by now, especially since he's secured the bag.
@@dictatorshipoverdemocracy He has multiple streams of income, so maybe he’s ok with a couple grand off trading. It’s all perspective and whatever the man is comfortable risking. The less stress the better anyways. He’s going to live good regardless
Biaheza, you really towed the line of walking through an easy interview (executed with great questions to really dig in, without coming across with bias). Ricky still came across very... disingenuous in my opinion.
To your point of "infinite scaling." Theoretically, it would be possible, but the market caps of companies don't scale infinitely, so there is a point of diminishing returns. If you start trading with $1M+ positions, especially with smaller cap stocks, you might not have enough liquidity to exit positions because you own a significant percentage of the total float. So if your trading strategy includes smaller cap companies (which tend to have higher risk/reward) you can reach a cap pretty quickly.
It’s the psychological aspect that prevents it. Good luck trading well with 6-7figures at stake. You people simply don’t understand that life. Can trade very successfully with a $3k demo account for example but unsuccessfully with the same or less in real money, it’s psychological.
@@TCsHouse agreed
@@TCsHouse This is true up to a point. Someone who has been trading for decades and swings 7-8 figure positions with a NW of 9 figures probably can do it well. If your NW is 6-7 figures you're probably going to have trouble with those position sizes, especially if you're day trading/scalping. But that's a one in a million situation, so I totally agree with you. I was just pointing out the logistical problems that prevent "infinite scaling" from happening. Everyone will have the psychological hurdle, but a few will also have the "big account" issue.
This is actually a really good point that doesn’t always get considered. I work in securities litigations and often damages claims are severely inflated because liquidity isn’t considered. We often implement a liquidity discount with large positions in small cap stocks because even if you’re able to trade/liquidate large positions it drastically can affect the sp movements
Yes true, and the complexiety of trading is way beyond simple analogies or levels and trends in the chart and the reason they 'work'. Everyone who participates in the markets wants to make money when you participate in the market you become the market. "The market" is the game and just like all games they are sort of governed by something above our concious, sure they have rules and limitations and that's what makes them great games. Let's look at another game like football, the way football players move on the field in relationship to where the ball is and where the other players are is NOT something anybody questions, it's logical. It adheres with the rules and goals of the game. But as soon as money is involved, or MONEY IS THE GAME, everyone gets full of emotions and try to rationalize their emotions, there is no competetive sports that's being won by listning to emotional rationell, rather it's the complete opposite. Imagine people asking these questions to a football player about their game like why the player did what he did. If you know the rules or limitations of the game, you wouldn't ask those questions, that's my point. And maybe I'm being silly
I can vouch that coffee deletes comments all the time if they don’t fit his narrative
facts
A lovely video with some lovely individuals. Ricky is a great guy, known him for years. Good character is limited in the social media space, so my respect always goes out to those who are authentic.
You’re both frauds lmao
Are you talking about a different Ricky?
facts
🧢 🧢 🧢
@@kmalinmusic Hater. Ricky and Hayden are the real deal.
I would love a biaheza podcast!!
@Biaheza
Yooo B!aheza, Ricky is my guy . I fcks with him 😂 Foreal thou i think he has always been honest. Ive known him for a while and cant say anything bad. You guys will make killer content together 💪🏼
Honestly depending on what you trade and how you trade 1%-2% is actually really conservative. 1%-2% is cake when you’re trading options and scalping breakouts. The comparison of day traders to hedge funds is a stupid comparison that haters like to make. You can’t compare a 50k or even a couple million dollar account to billions in what hedge funds manage. The biggest issue hedge funds run into is liquidity. Traders don’t have that issue which allows them to have bigger % returns.
Haven’t watched Ricky in years but always saw from his vlogs that he seemed to be kind hearted and generally good person.
This video reminds me of a book that Myron Rolle has called the 2% way, especially with the philosophy and mindset that Ricky has about trying to achieve something that doesn’t seem to be unobtainable
Ricky at 11:52 "I didnt say that you could do it consistently..."
at 7:46 Ricky: "And I have been doing this for years...:"
Ikr, he should be responding to that clip specifically
"set a goal weekly of 10-15% and ive been doing this for years" lets use our thinking caps here and come to the conclusion that his goal has been 10-15% for years
You can’t even comprehend with consistency. I wouldn’t claim YOU could do anything consistently.
Biaheza not holding back with the fire questions. Teasing us with his podcast that’s coming out soon. 👀
Regarding the 2% goal, it relates to the quote, “shoot for the moon, aim for the stars.” Always strive to reach a goal even if it seems out of reach because even if you fall short of that goal, you’re not capping yourself short of what your potential could be if your goal was smaller.
Amen to that.
The quote is “shoot for the moon and you’ll land among the stars”
First time I’ve noticed an ad heck yeah. I’m pumped for you bud. Keep movin’
Keep it up bro🔥
Much support from🇳🇬
The man is honest I see it In his voice and I hear it in his eyes
The problem started when he said you can realistically make/have a goal of 1 or 2% a day. As a trader, some days you will meet your goal but depending on your risk to reward and risk management, on other days you might lose more or less than your goal. If you consistently stick to your strategy and risk management plan you can make a certain % on average monthly but its basically impossible to make a certain % every single day. The markets aren't perfect, nothing in life is perfect. The point of profitable trading is to shift the odds in your favor with your strategy. Only the top 1% of traders are still consistently profitable after a few years. It is a skill that 99% cant and wont master because they lack the psychology and extreme discipline professional trading requires.
The real problem was he said he is doing it for years now.. If that true he might have passed Elon musk's net worth
Biaheza has showed me so many different hustles and has made me change my whole mindset about how you can make money from the internet!!!
Ricky spent MANY YEARS to build a trading community for new traders.
And all these "fake guru exposed" clout chasers are just slandering Ricky for NOTHING. Ricky literally never guaranteed success in this venture. It's been made very clear that trading is EXTREMELY DIFFICULT.
My MAN start a Podcast !! LOVE the content.
Where do we watch the full video??
Day trading or whatever trading is not scalable as people think. You have to consider market spread, influencing the market price, and competing with algorithms.
From experience?
Your videos have been a huge inspiration for my youtube channel. Thank you
Biaheza don't go the low road like coffeezilla my man.
There's a dark side in the youtube community full of hate and envy.
I've seen Ricky for many years and he put in the work to become successful (and without bringing others down).
It's the type of channels like coffeezilla that needs to get banned from youtube. It's pure hate speech. Literally ANYONE can be labeled as "fake guru." And it's so sick how people can be easily influenced without digging deeper into the topic.
The reason this is happening is because people are uninformed and for some reason think 2% is unrealistic
Good vid! Coulda pressed him to answer directly a little more but I love the video concept!
I've been watching Ricky Gutierrez for 4+ years. He's genuinely a good person. He literally changes lives for the better and is a great influence. All these people who are trying to make Ricky Gutierrez look bad just shows the person they are. I never heard or saw Ricky Gutierrez talk bad about ANYONE! I highly recommend his channel for day/swing traders!
He is so full of himself
Did your life got changed?
True! Are a lots of haters there!
damn congrats on the lewandowski interview crazy that you got him to make a video for your channel
From someone who manages large sums of money, it's actually very hard to hit these targets with a larger sum of money. When you start small, big gains are way easier, not just because there is liquidity for that transaction but because your trades don't "move the market". I think 2% per day with 5k is a very reasonable goal. 2% at $5million is considerably more challenging, impossible? Probably not, but very very hard. 2% per day at $5 billion? Impossible.
Once you make that kind of money, I really think you should have long since been investing it something else.
I think trading is most “profitable” for the middle class & moving out of that bracket.
Ya he even said how trading 50k n 1m for him is completely diff things
@Abraham Kang informative comment, Finally someone who knows what their talking about
I can tell you've never traded anything
Not easy to get your orders filled when u trade in big.
I have been watching Ricky’s videos and learning from his over the past year. He is definitely one of the most encouraging and informative influencers out there.
I speak for the tribe when I say release the full interview
9:40 Trading was not a "reasonable" venture to begin with. Everyone who trades are AMBITIOUS. If you want to be reasonable, then put your money in the index fund lol. Traders' goals are much higher than your average joe. Trading as a business for income can be mind blowing for people who has never experienced it.
I've been trading for years. And when trading is going well, that account really does double or triple in a few months. But we (successful) traders no longer put much attention to that because we are more focused on the process. Those "big" income just become a normal thing once you've been trading successfully for years.
and you know that big losses can also happen
@@trippgio9981 only risk 1% on every trade man
Double triple in a few months? My guy you’re not trading then. 😂😂😂 you’re flipping your capital.. please stop giving people misinformation
@@chrisjlee2013 My guy. I've been trading for many years. Just because you suck, does not mean other people cannot do it. LOL get your ego outta here. "flipping your capital" kiddo you gotta learn better technical terms than "flipping" LMFAO
@@ch3ckm8 Sounds like you’ve just started trading and do not understand risk management. 5-20% a month is realistic. If you are doubling it then, obviously, you’re not doing that at all. You’re literally flipping your account. Explains your pessimism
I've been into the RUclips trading community for quite a bit now, and I'm surprised this was the first I've knowingly heard of Gutierrez. I have no prior opinion of him due to lack of awareness of his influence in the community. I'm shocked RUclips never suggested him on any of my feeds. With that being said, my unbiased opinion and read on this interview is that Ricky seems to be a pretty genuine guy. Any level of success is going to be accompanied by jealousy and hatred. There's no way around that where human nature is concerned. I guess now I shall be checking out his channel. Thanks, Biaheza for the interview and your channel! 🙏🏼
Lots of love from Uganda , i just like the honesty in your content , at first thought i wouldn't even follow your channel but there is something about your content,thanks biaheza
2% a day is reasonable if you have a decent strategy and you are forced into a trade. If there isn’t any opportunities or market is choppy just don’t trade.
Only few will understand.
I almost spit out my water 😂
@@Editnamehere why
I would love to see this "decent strategy" making 60% in a month :D
@@mrstudio5389 these morons are so manipulated by their master “gurus” it’s hilarious. They keep saying people are making 3% each trading day but don’t have any proof when asked. I already offered 3 people 3.5mill in capital to start a fund non replied back. 😂
No eye contact, talking in circles, mentions his lawyers...
If this was Harry Potter, Ricky goes to Slytherin.
P.S Thanks for the plug Biaheza😉
“I never said I can do it consistently” also him says “I’ve been doing this consistently for years” ...
So what he means by 2% a day being a goal is that you must strive towards that and some days you will hit 2% some days you won’t but you tried to
Cuz in day trading there’s no fixed amount that you make every day, some days are big days where you hit 2% and others are average but if you have a goal you will strive to have that big day
The point is that it is essentially impossible to hit 2% goal per day. That's like saying "I didn't tell say that you could jump to the moon, I said have the goal to jump to the moon". It's shady, and in reality will NEVER happen. Ricky is a scam.
@@TheWazup999 I have personally made 2% a day tho I’m broke so it’s easier to do that for a smaller account, that’s why I view it that way, bc it’s possible for me. But maybe for you it’s impossible bc the larger your money is the harder to grow it, so if you already have 10-20k or more I agree that it’s very rare to see 2% a day
@@TheWazup999 it's absolutely possible to hit 2% per day as a scalper, and maybe even as a day trader. It all depends on your strategy and risk management. You'll see that there are traders in the comments section who have achieved it.
@@vaspix008 what’s your info. I work for black rock. I can start you up with a 3.5million dollar fund. If your claiming to make 2% a day.
@@dictatorshipoverdemocracy “you’ll see that since someone commented on a RUclips channel it means it’s real.”
I make 200mill dollars a day. Guess it’s real.
"shoot for the moon and you may land among the stars" 2% a day may not be a realistic goal, but if you hit a 5th of it then your still doing good, Ricky is just ambitious and calling him a scammer is a stretch.
yoooo biaheza what's up or Vlad, my name is Eric the guy that talked to you when you were making this video in Rickys office it was nice meeting you bro
I've been watching rickey for like 3 to 4 years now.... no doubt he's a wonderful man. Sometimes his intentions aren't delivered properly ig! and that's why the controversies. lova ya biaheza!! love seeing both my fac RUclipsrs on one video looking out for the 1 and hour video to come out.
This was satisfying to watch since I'm subscribed to both of you :)
Ricky was the first person I watched that had to do with the stock market. At first when he kept talking about the Robinhood app I was sceptic. How could something that gives you access to the stock market be "free"? I downloaded it eventually and learned about day trading from Ricky's channel. Now (5 yrs later) I do more investing then day trading. I remember a Livestream when someone donated to him and Ricky looks at the camera and goes "what was that? How do I refund this?" What I'm trying to say is this: Ricky seems like a very humble guy. He never appears to hold himself higher than anybody else, and that is something I wish more people would do.
Great video bud. Biaheza always delivers! Well done🔥
Ricky's 2% GOAL is the equivalent of "Shoot for the moon and you'll land somewhere in the stars." No one should be hung up on this.
2% is very achievable idk why people are saying it isnt
Yoo early , love your vids man . Really inspired me to start a business !
1-2% everyday is aggressive and would just put pressure on you to perform which can lead to overtrading or overleveraging, if you're a day trader you will have small wins, small losses and the occasional big wins. You should be more focused on how you perform monthly or quarterly cause losses are inevitable. At the end of the day any trading strategy can make money, it's all about psychology and your mental game. You have to reprogram your mind to be more logical than emotional, you should focus on the percentage gain/loss instead of monetary value. Always trade in probabilities and that will only come from experience in the markets..
2% a day is not aggressive at all…
@@eddie9965 2% a day is over 700% a year. Nobody can make that kind of return consistently in any market. Defo not the stock market.
@@nickishforthewin Yes, plenty of day traders do this consistently. And there are many day traders who make a 700% return in the span of 2 months consistently.
@@eddie9965 if you started with 5 usd and you did 700% every 2 Months. Then In 1 year you would have over 3 billion dollars. Honestly wtf are you talking about, you are talking total shit mate.
@@nickishforthewin My guy, the strategies used with 500k cannot be used with 20mil for example, there is an upper limit that compounding can reach when day trading.
I appreciate this video. the title could of been different but eh the point came across. Well done mate.
The time he spends to think of an answer, he could have used this time, trading and eazzzily made a 3% profffit.
Buddy because the question’s are so dumb and obvious . I literally can’t see how you can hate this man i started following him 3 years ago and at first like all of you I expected him to give me a full proof strategy but once I got out of the victim bigger mentality I started seeing him as a goal of mine people like this guy show us it’s real and we can do it but unfortunately you guys are poisoning yourselves by blaming him instead of educating yourselves and try to be like him or BETTER . With all due respect
@@ismailblackrock93 your opinion doesn’t matter as long as you’re not making 2% profit/day
@@ismailblackrock93 and obviously I am joking I don’t give a single fuuck about him. Lol
@@lolvideos7009 😂😂😂😂 buddy look at your comment and make it make sense 🤦♂️ thank you for proving you and the 25 people who liked your comment are clueless
@@ismailblackrock93 So you've been following him for years and following his advice and yet you don't make 2% a day 🤣🤣🤣
Good interview. Tough questions. You should post the entire interview as a podcast or something.
Honestly, really well done video. This kind of unbiased content is rare to come across these days 👏 thanks biadaddy
I think you meant “unbiahezed content” 😂
It’s all about specific terminology. A goal is NOT a guarantee
Ricky is such a nice guy lol
Most of these critics in the comments are just plain cry babies who expect everything to get handed out to them. It's such a pain to read.
Ricky should act more like Gary V and slap these kids into the harsh realities of life and entrepreneurship.
LOL Gary v? Dude you’re so easily manipulated. Hahahah.
@@Editnamehere Dude are you even an entrepreneur? lol... If you are, then you would know the harsh realities of starting and running a business
Congrats on 1 mil Biaheza!
I believe that a goal is one thing and you can set a goal at 2% a day. The math in the other video came up with 365% that assumes trading every single day of the year. If you manage capital there may be weeks that you don’t even trade. If you don’t have a good feel for the market then you know it would be difficult to make that goal that day and instead you just go play golf or something.
True...there's only 231 trading days in the year
@@tb2957 That's 461% per year consistently, the SP 500 returns 10% on average, Buffet returned 20% on average, Peter Lynch averaged 29% per year, what's the actual odds of returning 461%.
People have goals of becoming a trillionaire, running two minute miles, getting cars to run sub 1 second 0-60, they are not accomplished yet or may never be but it’s a goal, and something to work towards, a direction, a path.
Thank you brother! You are such a massive inspiration. Finally got over being self conscious about my accent 😅 and started this "RUclips thing". Keep up the unique work that you're doing👏
Agreed
I didn't know who Ricky was before this video so no opinion one way or another. His comments on scale and trading a much larger account are spot on. The mental game can change in a big way going from trading a $5k to a $100k to a million dollar account. Knowing what you can handle and what your limits are is critical. He also mentioned about risk management...that's absolutely crucial. Also, not getting in the mud and rolling around with haters, good for him. I'm inclined to walk away from this interview with a positive bias regarding him.
2% a day doesn't mean you have to make 2% in a day, it could be two trades making 5% in a week adding up to 10% or 2% a day as there are only 5 trading days in a week. 40% a month isn't hard to achieve if you know what you're doing and no it's not true that it's impossible as bank traders expect low returns a year, but they trade differently and are dealing with bigger numbers but professional retail traders are better traders and can make insane percentages it's not unheard of. It's easy for Coffeezila to criticize as he knows nothing about the trading industry, he's just one of those lame youtubers who cannot think of anything original to do, so he makes money using and critisizing other content creators and the like and idiots watch him like his opinion matters lol
For sure those who aren’t traders don’t understand how it works so why criticize. Get yo knowledge up in the particular skill set then question it. That’s why Ricky don’t give a crap of ppl who aren’t in the niche talking because it’s that thing that goes in your head ‘if you only knew’ regardless I’m making money and you’re just wasting time hating.
I’ve been a day trader for 10 years now and Ricky is full of it, he purposely uses words and goals that fit his narrative . Each time a trader tells you that you can make a specific number a day is a total lie. In fact some days you are negative ( a lot ) of them actually and others are positive. A return of over 50% a year is really good and this guy is giving examples of a ( goal ) that you can’t reach lol , so why did he never speak about the REAL number. It’s because that narrative doesn’t sell as well, if you tell people it’s not easy or it’s not a fixed income many would buy to ( learn ) , 99% of traders are not making a lot of money or even any money at all in fact more than 90% loses money so be careful and truly seek a good mentor and always have a LONG TERM GOAL 😁😉
The thing is day trading is so personal and only around 95% lose money but for small percentage of retail traders know that 2% a day or an average of 2% is very possible and really really low actually well it depends on how you trade every trader’s trading style is unique
Ikr, so true. You can make more than that consistently. 100% per month even. It's all about skill and risk management and trading psychology. Like you said most people lose money and understand very little about the financial markets. To them it is incomprehensible to make that much because they don't understand how day trading works. If 95% of people lose money, the 5% know the truth. And ofc the 95% will always assume it's impossible.
@@anthonynoelson827 who is doing 100% months? Go ahead. I’ll wait.
@@Editnamehere I know a couple of people myself. Friends and honest RUclipsr/mentor. But whatever I don't want to bother arguing with internet people. It's useless if you're going to stay opinionated really. To finish it off, there's a lot of information in trading you can't learn it overnight or in a month even. It's a skill. Imagine trying to become a doctor overnight or even 6 months. Lol that's how most people treat trading ofc they fail. They barely scratched the surface. I used to be like most people, in denial that it's impossible to make such amount. The media is so biased it's hard to find the real truth. But once you know where to look and done it yourself, you know the truth, like me. But oh well, believe what you believe. Don't really care honestly. Have a nice life. You can still respond if you'd like but eh... I don't want to talk for too long
@@anthonynoelson827 "I used to be like most people, in denial that it's impossible to make such amount. The media is so biased it's hard to find the real truth. But once you know where to look and done it yourself, you know the truth, like me"
Oh, so you've had 100% months? Either post proof or stop roleplaying in the comment section, your entire comment reeks of bs
@@werdsfanklf68 I myself am personally still learning, about a 6 months in to be exact. I'm on demo, so I haven't earned real money. But I personally know others who've made that much or more. I don't want to bother with you any proof cause I haven't made any yet. How much my friends and the people make is their business. If you want to check out my mentor you can look him up on RUclips, it's called Rayy Bannzz. He trades mostly binary options. He's more on the intermediate - advanced side. But yeah. That's my experience. If you don't believe me, I don't care. Believe what you believe and move on. Have a nice day
Ricky preaches Risk Management a lot in his videos. While day trading is a risky business model, so is dropshipping, and everyone will not find success in those areas. People seem to paint the successful people in high- risk business spaces as evil when they can't replicate the same successes for themselves. While 2% daily is extremely optimistic, I've watched videos from Ricky where he was happy with a 0.1% gain and be done for the day. I've tried daytrading and discovered that it wasn't for me, but that doesn't mean I have to blame Ricky for not "teaching" me correctly
The guy did not answer one question properly. So many Contradicting statements wth
Try watching it again bro. Loads of us understood him perfectly.
@Ricky Gutierrez, this guy is a complete genius. people who have small minds discuss others. FUCK ALL THE HATERS brother...
Only real DAY Traders will understand why ricky is so confused on everyone saying 2% a day is unrealistic even this whole video you probably asked question six times but if you understood how trading works it’s all subjective and it’s all relative to your mental health and strength so you can’t compare trading to any other job when talking %
1% loss in a 10k account is a measly 100 usd
1 % loss in 1 mill account is 10 k so there are levels to this im happy ricky is focusing on his money and family and not waste time explaining to us dumbasses like most other successful traders that put an effort to show results are real all of us are fkn 🐱’s we want money given to us we’ll see who is winning in 10 years if you stay thinking like this
Totally agree 💯
facts im like when since is 2% unrealistic
any professional trader can average 5-10 percent a month maybe 20 on a great month
Couldn’t agree with you more. Goals are relative. I could set a 10% goal a year and make it so difficult to get there. I could also set a goal for 1 week and aim for 10% and still hit it. Difficult doesn’t mean impossible and I know everyone who lives in todays world must understand that.
I currently average out 4 to 6% on forex and that's realistic but it totally depends on you and what kind of a mental state your in I was trading 25k on a challenge and moved up to the second stage where i had to trade 50k and I was in drawdown of about 800usd now I'm back to break Even. People don't understand the mental strain it takes
@@bhuminpatel1814 i usually shoot for 2-3 a week and 10 a month. Just got my funded $200k so no need for more than tht
I’m a fan of whoever gets massive hate for educating others on their passion.
One punch Biaheza looking clean 👌🏽
very sharp questions... good interview
He’s 100% a scammer. “The goal is 2% per day” also “2% is very aggressive” lol. 99% of these Forex gurus are scammers
2% a day is not that much bro….
@@eddie9965 You clearly don't trade
@@dumi9606 bro I trade and I can tell you 2% isn't much in forex
I have literally doubled my 300 dollars account in a day which is 100%
@@josephdhustler6846 That means you’re being really aggressive. You will lose it all eventually.
@@stephen-fu2ls Is 0.05 lot aggressive? I calculate my risk to reward ratio whereby I lose nothing more than 25 pips.
My kinds trading is let say scalping and sniper entries
Day traders make 2% a day easy. But when you scale up fast you become emotional while trading with a milly
The issue with making 2% is you can only scale and compound so much in daytrading, it's limited. A profitable trader can definitely consistently make 2% a day but you won't make billions from daytrading because of liquidity issues.
Finally someone with a brain
Liquidity ? What you smoking
@@mrstudio5389 Ain’t no way
LOL liquidity issue. There’s 5-8billion shares trading daily on the NYSE. Liquidity issue hahahaa.
@@Editnamehere bro do you even know what a stock float is?
New fan frfr man love ur content
Really interesting interview.
Cool to see both of your views on different things.
U haven’t even seen it yet bozo! It literally just dropped 😂😂😂😂
@@Xiandrox 2x speed
@@Xiandrox and with views I meant the section where they talk about working after being wealthy.😁
@@maxstyne 💀💀💀 Whatever you say buddy. I believe you okay? No need to reply with proof… 💀💀💀
@@Xiandrox 🙏👍
B-Heezy about to make RACKS off this video with Ricky, the brand deal, and these well-placed mid roll ads...i respect it. Get that bread big dog
Two legends talking it out, great video biaheza. RICKY!, man your still one of my fav theres always gonna be haters especially when your on a high level any little mistake or mixup people are going to call you out for it. just keep grinding 🔥
“I have lawyers” - what a shitty move. Translation: I will not address the criticism, I will just sue whoever tries to talk bad about me.
That’s what losers do.
He said if they do it with no proof
@@AldoG10 well, then it’s even easier to build your reputation by proving them wrong, not taking them to court. Seems obvious.
I follow Ricky in his channels, he's a good guy true motivating.
I wanna just say that scalping and day trading take in consideration the dayli volume of the instrument you are trading, taking for exaple the SQQQ graphic on trading view, the average volume of the day is 84M, you can't just do a market order of millions of dollars in one shoot, and managing entry and exit with such large capital is a bit complicated, exactly the opposite of Ricky's motto: keep it simple.
2 of my favorite financial youtubers, can say no more than - peak entertainemnt baby
uncle ricky is the GOAT
Can you post the full interview?! Super interested!!
This whole "It´s a goal and not something I was actually hitting" thing is just a bs excuse in my opinion
edit: clarification
If I were to ask you have you make $100 a day drop shipping what would you say? Yes probably, I think so. Now if I were to ask you can you do this consistently over a long period of time your answer should not be the same as we all know challenges are presented along the way.
Okay my goal is to have a net worth of 300 billion by 40 am now 21.
.
So does that mean i will hit it no but it'll make me force myself beyond my normal limitations by the time am wealthy it wouldn't matter if i achieved my goal its something that I work towards and what keeps me going
A goal isn’t something that you always hit..? In fact a goal shouldn’t be something you can always hit, it’s a GOAL something you should be continuously working towards. If you’re hitting your “goal” everyday then u should create a new goal. Again, something you should be working towards, not something you’re already doing.
A goal is meant to push you to try hard to reach a certain point. For example: your goal should be to get good grades in school because you’re grammar is terrible lmao
Well, I don't wanna take any sides - but from my own experience as an entrepreneur, i can say the following: it's a legit strategy to aim for the stars and hit the moon. I can set a very high goal and work hard - i might miss that goal, but i will nevertheless be successful, even when i only hit 1/10th of that very high goal.
He’s 100% right
Trading with $50,000 vs 1 Million is a completely different ball game
10% drawdown of $50k is $5k
10% of a million is $100,000
Complete night and day difference
he talks so much without actually answering the questions lmao
Thanks for the vid now I’ll watch Ricky vids again. I like how the point was also made about other RUclipsrs and their biased agendas to get views. I like your impartial stand. I day trade SPY options and can relate to the 1-2% goal which I didn’t see as too far fetched as mentioned. Anyway good stuff keep it up👍🏼