Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. Robert Muller, Andre Michel, Ivan Ilaev, Gopaljee Atulya, Milan Tomic, Mark Hooker, Artem Vasenin, PH, Matthews Sebonego, Sebastian, Michal Lacko, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston and Kaushik Vankadkar. https:www.patreon.com/PatrickBoyleOnFinance
Very educative tutorial with well detailed information I appreciate, *The Semyon Tchernenko Strategy* was the only way i was able to get results. You can Google it
I don't really care about ever trading a thing. I do however have a passion for learning deep complicated subjects from articulate passionate experts on said subjects. This is a perfect channel for scratching that itch.
You might be surprised at how many people would love such videos. I think people out there who have lost money to hyped up trading practices will find this to be a breath of fresh air.
I think its better to put out a mix of good quality content with sporadic, more superficial, click-baity videos peppered throughout. Those who are here for the good content will forgive the odd click-bait video and it will help get Patrick get more subs in the meantime, maybe even leading people to the rest of his quality content videos.
Wow! That puts things into serious perspective. I always thought day trading is largely a losers' game in this era, but never really understood exactly why.
I worked in IT in the Banks in the 80s. A lot of the code were simplistic algorithms which can be exploited by observant traders. Great value and objective education. Thanks a lot
Patrick, I just wanted you to know You are the best financial mentor in RUclips. Could not find anybody better or close to you. Thanks again making time to share your knowledge with us.
I love your style and your type of video. I imagine myself as papa's little boy and I lay in bed while papa reads bed time stories, but instead it's all these interesting financial markets and mythical lores.
I literally just finished "Dark Pools"! What a coincidence. So enlightening, I ended up researching all of the special order types like "hide not slide". It's crazy that all these order types are publicly available now but most day traders wouldn't even have a clue they exist.
Keep doing what you’re doing by making these informative videos about the realities of our financial system. You deserve to have a million followers for your work.
Absolutely fascinating! This is the best RUclips channel I have discovered, and I've seen quite a few over the past 6 years! Really impressed with your presentation and knowledge.
I’m not sure if you’re going to see this comment or not but my goodness sir if you ever get the itch to deep dive on any other subject than finance please do, your narration and intellect is so pleasant and refreshing I want you to explain all facets of the world to me 😂
Really enjoy your videos, only stumbled across your channel the other day and find your content both interesting and informative. Keep the videos coming pal.
Great Channel. My first brokerage account was daytek. Saw you on coffeezilla. Finally someone who provides in-depth knowledge. I cant stand these gurus or anyone without real experience in the market selling some course. I have invested/traded for over 20 years and never made consistent money until I had a six figure account and invested in ETFS. Then sell calls against it to generate some income and hedge off some deltas with futures if needed. This channel should explode
You are a wealth of Awsome information patrick. Wow and thank you.. hands down the most insightful information I've come across. You and a few others really give out incredible content. Thank you
Thanks Prof. Boyle... your work is nothing short of remarkable... very educative and straight to the point... nevertheless it will be awesome if you can link more reference materials to these videos. thanks Prof....
I’m a finance geek to a point. I know there’s a strategy to actually do this and some succeed with it. But to me it’ll always seem like an educated game of roulette. But in the end investing and holding long term is much better for me. I’d never be able to emotionally succeed daytrading. Props to those who succeed doing it.
In such times as this, you’ve got to make sure you consider having a diverse investment strategy. Your portfolio should have exposure to different areas of the market, including small or large-caps of ETF index, international stocks, grade bonds and alternatives like currency market (forex & digital-ledger) as this will help manage the overall risk on your portfolio
Probably Dave has more investments and savings. But you’re right, putting all your income into one place is also risky. Diversifying is the best option right now
In the meantime this is presenting an insane opportunity for new investors or those sitting with cash waiting. To set themselves up in a good spot. Even investing in TSLA, bitcoins the volatility market at the moment.
You are well enlightened Dave I didn’t think of trading this way, now I understand perfectly that it is advantageous and helps contain the risk of losing all your money
Finally another chance to win a book! I love the content, this is arguable the best finance channel on youtube and has the same value if not more, as the university classes I took on finance when I was a Chem Student
5:00 Regarding the 1,000 share limit - Investing had much more of a hurdle to entry back then. It was typical to trade in “round lots” of 100 shares. Some brokers even required it, they wouldn’t deal in smaller “odd lots” because of the higher fees involved. If they took the request, you the investor would pay more in commissions to buy 50 shares than you would to buy 100. That round-lot requirement might mean each blue-chip position in your portfolio was thousands of dollars; in 1990 you’d need about $6,000 to get your first stake in Coke or IBM. This is also why stock splits were more common than they are now. You wouldn’t have seen someone trading at $1,000/share like Booking or Chipotle do today, because it could make them more difficult to invest in.
Thank you Patrick for such quality contents. Your channel is really underrated. Hope people will realise how rich of knowledge and good sense your channel really is. Looking forward to your new videos!
Hey eteoklos With just a little capital investment,our company platform do trade for you with our company platform S9 mining machine called the "Broker" which allows you to earn 5times your capital investment within 5days trading.... let's gooooo
Love this video thanks for the information. I’d be interested if you know anything about when Eurex started up and how a lot of US day traders used it to make money like Harris Brumfield and Paul Rotter aka The Flipper.
Great video! The book Dark Pools was so fascinating, I read it back in 2012 when it first came out. It inspired me to change jobs. Josh Levine should be awarded a Nobel Prize for Computer Science if not Economics for what he started (Brian Nigito is also a genius). To this day, I still discuss high frequency ITCH feeds with customers. Island ECN's DNA is alive and well. Dark Pools＞Flash Boys
Always enjoy your videos. I'm sure all your subscribers would agree with me that the stock market should be abolished. It really serves no useful purpose for the majority of people, and we have a huge industry that also serves no useful purpose. It is like healthcare where 60% of all the costs are administrative. Talk about 'market inefficiencies', the stock market is the worst kind of them all.
Market maker's still do the same thing during volatile moments, by simply removing the bid for the products they offer. All of them do this for example with turbos. GS, Citi, Commerzbank, they all do it and it seems that they never get called on this practice.
I have been trading for about 6 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, any advice for a struggling trader?
Your problem could be your stop loss is too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
@Ray smith You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
You're on the right track with taking a trade that is opposite of you'd think most amateur traders would take. You should spend some time in analysing what a top looks like, what a reversal looks like, what a pullback looks like and go over them with a fine tooth comb and disect them like a biology class. Dont use any indicator for this, all visual. Make sure you're expert in spotting these and make that you starting "bread and butter" .. don't take any other trades except these (whichever one you want really, just focus on a single setup before moving on).
honestly its because its more a casino now... The market is soooo flooded with USD that they have to put it somewhere, so they inflate shocks to ridiculous levels, and real estate...Where else due you "store" money that these 1% dont ever spend???
Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. Robert Muller, Andre Michel, Ivan Ilaev, Gopaljee Atulya, Milan Tomic, Mark Hooker, Artem Vasenin, PH, Matthews Sebonego, Sebastian, Michal Lacko, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston and Kaushik Vankadkar. https:www.patreon.com/PatrickBoyleOnFinance
Very educative tutorial with well detailed information I appreciate, *The Semyon Tchernenko Strategy* was the only way i was able to get results. You can Google it
@Jodie Herman It would be nice if everyone could resist pitching something in these comments.
@Jodie Herman People like you have limited days to run these scams.
I like your style Mr. Boyle
You really know what you're talking about when you're
serious and your deadpan humor is just great
I don't really care about ever trading a thing. I do however have a passion for learning deep complicated subjects from articulate passionate experts on said subjects. This is a perfect channel for scratching that itch.
I don't think there's a single channel as good and as intelligent as this one
Absolute gem
You'll never have millions of followers like "get rich in 10 days" videos but I hope that doesn't deter you from churning out such quality videos.
You might be surprised at how many people would love such videos. I think people out there who have lost money to hyped up trading practices will find this to be a breath of fresh air.
Just 6036 viewings as the "day traders" would rather watch how to get 2% daily return with your "investment" that has 200k viewings.
I think its better to put out a mix of good quality content with sporadic, more superficial, click-baity videos peppered throughout. Those who are here for the good content will forgive the odd click-bait video and it will help get Patrick get more subs in the meantime, maybe even leading people to the rest of his quality content videos.
@@blahblahblahblah2837Your idea sounds nice. I wouldn't mind the clickbait. Also, new thumbnails
subbed because of this comment let's get Patrick to a million
It is an absolute crime that your channel is NOT 100 MILLION SUBSCRIBERS.
Thank you. Keep up the great work
For real.
100 mil is a bit of an exaggeration
Wow! That puts things into serious perspective. I always thought day trading is largely a losers' game in this era, but never really understood exactly why.
This is seriously the most interesting trading video I have ever seen, period.
Not the MOST interesting for Me, but well up there.
@@VwapTrader care to recommend some videos? I'm seriously interested
@@jacksonchris4436 no
I worked in IT in the Banks in the 80s. A lot of the code were simplistic algorithms which can be exploited by observant traders. Great value and objective education. Thanks a lot
Hello..
How are you doing today
I have a business proposal for you
Really enjoyed this, I come from an industry where stories about "the old days" are non stop, so hearing about this sort of thing was really good fun!
Patrick, I just wanted you to know
You are the best financial mentor in RUclips.
Could not find anybody better or close to you.
Thanks again making time to share your knowledge with us.
Rudy maybe.
I love your style and your type of video. I imagine myself as papa's little boy and I lay in bed while papa reads bed time stories, but instead it's all these interesting financial markets and mythical lores.
seriously fun content to learn about stuff like this patrick. please never stop! so much from the past that no one knows about.
I literally just finished "Dark Pools"! What a coincidence. So enlightening, I ended up researching all of the special order types like "hide not slide". It's crazy that all these order types are publicly available now but most day traders wouldn't even have a clue they exist.
Its funny you mentioned that. I've been discovering how to use them and have become more efficient at setting them with purpose.
Being able to watch this vlogger in an interview with coffeezila made me love this man.. Keep it up.. Really like your valuable vlogs.
The adds for day trading secrets on this video are the true gold.
Brand new Mercedes SL-500, Stabbing! Love it!!
Keep doing what you’re doing by making these informative videos about the realities of our financial system. You deserve to have a million followers for your work.
You are breath of fresh air m8, i'm enjoying your content.
Great content Patrick! 👏
This is amazing. The early beginnings of high frequency trading! Love it.
Absolutely fascinating! This is the best RUclips channel I have discovered, and I've seen quite a few over the past 6 years! Really impressed with your presentation and knowledge.
Great Video Patrick, the 90/10 win / loss explanation was very insightful
I’m not sure if you’re going to see this comment or not but my goodness sir if you ever get the itch to deep dive on any other subject than finance please do, your narration and intellect is so pleasant and refreshing I want you to explain all facets of the world to me 😂
I love the evolution of day traders! Makes me proud to be part of the game!
Really enjoy your videos, only stumbled across your channel the other day and find your content both interesting and informative. Keep the videos coming pal.
Glad to have discovered your channel. Excellent commentary. Just purchased all your books.
What a coincidental upload, just finished reading Flash Boys last week :) Great video!
This is a clear description of a difficult topic! Thank you!
Great Channel. My first brokerage account was daytek. Saw you on coffeezilla. Finally someone who provides in-depth knowledge. I cant stand these gurus or anyone without real experience in the market selling some course. I have invested/traded for over 20 years and never made consistent money until I had a six figure account and invested in ETFS. Then sell calls against it to generate some income and hedge off some deltas with futures if needed. This channel should explode
You are a wealth of Awsome information patrick. Wow and thank you.. hands down the most insightful information I've come across. You and a few others really give out incredible content. Thank you
I used Datek in 1999 & it was a good online brokerage. Then it became Ameritrde. Those were fun days.
Man, the good old days. Excellent presentation. Instant fan. Cu.
I was on the phone with my Datek representative in NYC when 9/11 happened. Never forget that call.
Very insightful. Thank you for taking the time to provide us with such information sir!
FINALLY, Thanks Patrick for the quality content. IM SUBSCRIIBED!!!!!!!!
Extremely good content. Greetings from Oxford!
I very much appreciate your pacing and tone. I am interesting where you honed your communication skills.
Thanks Prof. Boyle... your work is nothing short of remarkable... very educative and straight to the point... nevertheless it will be awesome if you can link more reference materials to these videos. thanks Prof....
Amazing video, I would love a longer version of this.
I'm glad i found your channel.
Thanks to coffeezilla!!
@@user-zq1lb3lx4m yup, that's how.
Fantastic video!! Marevolleous look at history. Thanks for this gem
Glad you enjoyed it
Excellent video, very educational, Thanks a lot!
Definitely worth reading LIARS POKER by Michael Lewis also!
I’m a finance geek to a point. I know there’s a strategy to actually do this and some succeed with it. But to me it’ll always seem like an educated game of roulette. But in the end investing and holding long term is much better for me. I’d never be able to emotionally succeed daytrading. Props to those who succeed doing it.
Love this channel
This channel is gold! Thank you very much for sharing this knowledge
Thanks for the SPAC video. My bosses just requested that I analyze a bunch of them for my internship so it was a big help!
Glad it was helpful!
In such times as this, you’ve got to make sure you consider having a diverse investment strategy. Your portfolio should have exposure to different areas of the market, including small or large-caps of ETF index, international stocks, grade bonds and alternatives like currency market (forex & digital-ledger) as this will help manage the overall risk on your portfolio
Probably Dave has more investments and savings. But you’re right, putting all your income into one place is also risky. Diversifying is the best option right now
If you invest aggressively over the long run he will get better returns. You will be able to generate consistent passive income
In the meantime this is presenting an insane opportunity for new investors or those sitting with cash waiting. To set themselves up in a good spot. Even investing in TSLA, bitcoins the volatility market at the moment.
Generally I prefer trading this way dave it ensure lucrative expectations
You are well enlightened Dave I didn’t think of trading this way, now I understand perfectly that it is advantageous and helps contain the risk of losing all your money
Finally another chance to win a book! I love the content, this is arguable the best finance channel on youtube and has the same value if not more, as the university classes I took on finance when I was a Chem Student
Really enjoyed that. Would like to hear more about microstructure
The people who watch this man are the .00001%. We made it.
For the record, the book "Dark Pools" by Scott Patterson is an excellent read- Highly recommended.. Second only to Patrick's book, of course!
Nice video - entertaining to see the history
Glad you enjoyed it
I love these videos, so much information, Patrick is cool!
Great. I video that has a reading assignment, Two books ( not including Pat's books)
Can you go into stories about becoming a hedge fund and what typical
Salaries for those sorts of those of roles? :)
I’m stealing that saying about skinning a sheep! Very good👍
Great work as always
5:00 Regarding the 1,000 share limit - Investing had much more of a hurdle to entry back then. It was typical to trade in “round lots” of 100 shares. Some brokers even required it, they wouldn’t deal in smaller “odd lots” because of the higher fees involved. If they took the request, you the investor would pay more in commissions to buy 50 shares than you would to buy 100.
That round-lot requirement might mean each blue-chip position in your portfolio was thousands of dollars; in 1990 you’d need about $6,000 to get your first stake in Coke or IBM.
This is also why stock splits were more common than they are now. You wouldn’t have seen someone trading at $1,000/share like Booking or Chipotle do today, because it could make them more difficult to invest in.
well spoken and very informative, keep up the good work
🧡💛💚💙 Love your channel Patrick. Ive been a day trader for 10yrs. Currently I do Bitcoin. Your channel deserves over 100,000 subscribers 🧡💛💚💙
Absolutely fascinating, Thank you for posting, Im really enjoying and learning a lot
Keep up the good work pal 🔥
I read a book called dark pools about day tech. They pretty much found and exploited every loophole they could
Amazing video, thank you sir
Thanks P Biddy!
Very educational.
Very nice, love these mini documentaries. Keep them coming!
The 500 SL is the car that Sherman McCoy drive in Bonfire of the Vanities, if I remember correctly. I loved that book!
Reminds me of the RAES bandits who scalped between multiple option exchanges in the late 90s
You deserve to win if you change the game and are first to create an opportunity! Happy for the bandits.
Thank you Patrick for such quality contents. Your channel is really underrated. Hope people will realise how rich of knowledge and good sense your channel really is. Looking forward to your new videos!
Congratulations on your new book
Hey eteoklos
With just a little capital investment,our company platform do trade for you with our company platform S9 mining machine called the "Broker" which allows you to earn 5times your capital investment within 5days trading.... let's gooooo
Love this video thanks for the information. I’d be interested if you know anything about when Eurex started up and how a lot of US day traders used it to make money like Harris Brumfield and Paul Rotter aka The Flipper.
Your content is great.
I'm currently reading statistics for the trading floor. I'm definitely reading the derivatives one later!😁
The Derivative one is easy and awesome. Do read it.
8:08 Herbert Kornfield (rip) flashes The LoD (Letter Opener Of Death) for the first time.
Excellent content
Excellent one, keep up the good stuff!
excellent video. It is interesting how trading evolved. This reminds me of the book Dark Pools.
Awesome ! Amazing!
dream of becoming rich under a year is one of the biggest reason to fail in daytrading
My brother took almost two years to get rid of all the "family legacy" cash; must not have been churning fast enough.
@@Dwightstjohn-fo8ki took two years ? fucking amateur
@@Dwightstjohn-fo8ki 6 months is enough
And these days we also have GameStop traders on instagram...what an evolution
This was so interesting to learn about!
Online trading in 1999 and 2020. Nothing much has changed except the arb opportunities. But RH still offered some.
Brilliant video. Informative and entertaining!
great documentary, thank you!!
That’s helpful you have book links in the description
Great video! The book Dark Pools was so fascinating, I read it back in 2012 when it first came out. It inspired me to change jobs. Josh Levine should be awarded a Nobel Prize for Computer Science if not Economics for what he started (Brian Nigito is also a genius). To this day, I still discuss high frequency ITCH feeds with customers. Island ECN's DNA is alive and well. Dark Pools＞Flash Boys
YOU KNOW YOUR STUFF . KUDOS
this is so interesting :) thanks fot the vid!
Nice hand movements
Excellent information.
Wow love all this amazing content I'm learning so much !! Thank you Patrick .
Always enjoy your videos. I'm sure all your subscribers would agree with me that the stock market should be abolished. It really serves no useful purpose for the majority of people, and we have a huge industry that also serves no useful purpose. It is like healthcare where 60% of all the costs are administrative. Talk about 'market inefficiencies', the stock market is the worst kind of them all.
Great book !
Hello.
I have a business proposal for you
Market maker's still do the same thing during volatile moments, by simply removing the bid for the products they offer. All of them do this for example with turbos. GS, Citi, Commerzbank, they all do it and it seems that they never get called on this practice.
I would love to know your opinion on crypto trends, for example the automated market makers running on ethereum or binance smart chain
I have been trading for about 6 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, any advice for a struggling trader?
Your problem could be your stop loss is too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
@Ray smith You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
You're on the right track with taking a trade that is opposite of you'd think most amateur traders would take. You should spend some time in analysing what a top looks like, what a reversal looks like, what a pullback looks like and go over them with a fine tooth comb and disect them like a biology class. Dont use any indicator for this, all visual. Make sure you're expert in spotting these and make that you starting "bread and butter" .. don't take any other trades except these (whichever one you want really, just focus on a single setup before moving on).
Invest don't trade.
honestly its because its more a casino now... The market is soooo flooded with USD that they have to put it somewhere, so they inflate shocks to ridiculous levels, and real estate...Where else due you "store" money that these 1% dont ever spend???