How I started a commodity trading company as a side hustle (with 5 mistakes you must avoid)

Поделиться
HTML-код
  • Опубликовано: 28 ноя 2024

Комментарии • 57

  • @AR-jb3kn
    @AR-jb3kn 3 года назад +15

    In the business where nobody shares their stories of success/failure or any kind of experience to the wide public, it is really Innovative and extraordinary content from your side.
    This is actually what I miss right now in a trading company I am working for. Everybody is a super smart and nice guys with tonnes of experience but no time to share in a beautiful way you did it.
    Willl be very happy to hear some of successful trades you have done!

    • @damienwursten
      @damienwursten  3 года назад +2

      Thanks for your message! 😀For the successful ones, i ll definitly put it on my to do list. 📒

  • @rorym8543
    @rorym8543 2 года назад +9

    So surprising and satisfying to find a channel like yours. What you do seems like such a niche thing on youtube and it is exactly the type of insight I have been looking for, for quite a while now. Thank you.

  • @adamwhite7540
    @adamwhite7540 Год назад +1

    Zomg that's you !! I saw this video 2 years ago it was my inspiration for starting my own commodity brokerage firm!!

  • @mylesfondo416
    @mylesfondo416 Год назад +1

    This Channel is so Underated. Thanks for the Insights

  • @StephenAKatz
    @StephenAKatz 7 месяцев назад +1

    I want to thank you for providing an excellent video. So many videos on trading tell irrelevant things, like how to process a letter of credit, but they don't address the core problem of how to find a product that is suitable for trading. Your video addresses that problem head-on. Thanks.

  • @renatadupraz
    @renatadupraz 3 года назад +3

    Thanks for sharing your experience Damien. Very relatable!
    Hope that you’ve now recovered from the bankruptcy.

  • @rhetoricbytolyan1987
    @rhetoricbytolyan1987 2 года назад +2

    Amazing story. It is invaluable to learn about the beginning of the journey with all those hard bumps on the road. Thanks Damien.

    • @damienwursten
      @damienwursten  2 года назад +1

      Thanks for your comment! 😀

    • @rhetoricbytolyan1987
      @rhetoricbytolyan1987 2 года назад

      @@damienwursten No problem man. I have tried to do several things over last few years. You just have taken words out of my mouth. Moreover, you gave me so insights as well. Fantastic job. Many thanks from everyone, who is trying to get on this journey. I personally give you millions of thanks to clarify my mind. 👍🏻👍🏻🤞🤞🤞🤞🤞

  • @uncleho8
    @uncleho8 3 года назад +2

    Wow, what an undervalued channel right here !
    Keep up Damien soon your channel should grow fast, ... interesting, honest content & such great storytelling. I'll share and subscribe for sure. Thanks man

  • @rhetoricbytolyan1987
    @rhetoricbytolyan1987 2 года назад +2

    Mate, it would be wonderful, if you made a video explaining, what does it mean to derisk the transaction.

    • @damienwursten
      @damienwursten  2 года назад +2

      Make it less risky.
      Put the most in place to avoid shitstorm.

  • @YuriyKrv
    @YuriyKrv 6 месяцев назад +2

    Nice experience , adding value of this - it's real business and emotions that you had, especially in moment when you visited sort facility in UK)
    The same emotions I had when bought my first volumes of grain on third party silos))))

  • @mangayinour29
    @mangayinour29 2 года назад +3

    I WANT TO LEARN EVERYTHING ABOUT THIS BUSINESS THANK YOU FOR SHARING BECAUSE THIS INDUSTRY IS FULL OF SECRET

  • @Ishvires
    @Ishvires 3 года назад +1

    Beyond useful! MORE, PLEASE UPLOAD MORE

    • @damienwursten
      @damienwursten  3 года назад

      Thanks! I’m doing my best to shoot a video every couple of weeks. But it takes time 😅

  • @maurorotunno3763
    @maurorotunno3763 5 месяцев назад +1

    Great content!

  • @Oneblackcoffeesir
    @Oneblackcoffeesir Год назад +1

    Amazing story mate!

  • @abdulsomedahmedyussif366
    @abdulsomedahmedyussif366 7 месяцев назад +1

    Great piece.

  • @Ray-xs9lu
    @Ray-xs9lu 3 года назад +1

    Thanks for the sharing your past experiences and insights gained from it Damien

  • @L122-
    @L122- Год назад +1

    Bonjour, la formation que vous proposez délivre-t-elle une certification reconnue par l'Etat ? Merci

    • @damienwursten
      @damienwursten  Год назад +2

      More than 80% of the SACA certificate holders work in the commodity industry.

    • @JohannaLuciano
      @JohannaLuciano Год назад

      ​@@damienwursten That's great ! Even in Geneva without any diploma ? (Not even a maturité gymnasiale ?) 😬🤭

  • @rhetoricbytolyan1987
    @rhetoricbytolyan1987 2 года назад +2

    Why in your diagram you did not want to get involved in commodities traded in futures market?

    • @damienwursten
      @damienwursten  2 года назад +2

      Two main reasons
      1. Usually those markets are more competitive
      2. Hedging is too expensive.

    • @rhetoricbytolyan1987
      @rhetoricbytolyan1987 2 года назад

      @@damienwursten Thanks

    • @markcrisp07
      @markcrisp07 2 года назад +1

      @@rhetoricbytolyan1987 yeah i thought he meant those markats are usually very large and therefore had huge commodity trading houses involved. Smaller niche markets profits less than $1 million are we need to operate.

  • @JeremieSommaruga
    @JeremieSommaruga 3 года назад +2

    Best video

  • @AmoghHalageri
    @AmoghHalageri 3 года назад +1

    That's some story there! You're pretty tough to have made through that... Some good wisdom for beginners!
    'Loved my job, but had to ask for time-off every time! :D'

  • @brianmunjoma3604
    @brianmunjoma3604 3 года назад +1

    Hi Damien thanks for the video content
    I'm based in South Africa perhaps you can share some of the challenges of doing business in Africa and given a chance are you open to do business in Southern Africa

    • @damienwursten
      @damienwursten  3 года назад

      I can definitly speak a bit more abt challenges in frontier markets. Regarding South Africa, yeah i do biz with.

  • @momentumstocks3493
    @momentumstocks3493 3 года назад +4

    Ch20,000 to set up a ltd company?
    £15 in the UK....

    • @damienwursten
      @damienwursten  3 года назад +1

      That's the fund required to set up the LTD, not the cost.

  • @momentumstocks3493
    @momentumstocks3493 3 года назад +1

    That's the problem with any "job"? You are always tied to their rules. No matter the pay, the position.

  • @InnocentNwafor-yc4hr
    @InnocentNwafor-yc4hr 5 месяцев назад +1

    Why do you say no links to Africa, what's the downside

    • @damienwursten
      @damienwursten  5 месяцев назад

      It was in the context of the video.

  • @iwanbudhiarta8042
    @iwanbudhiarta8042 2 года назад

    How can i contact you?

  • @dreamchasser3043
    @dreamchasser3043 Год назад

    This video is more like “what not to do “

  • @saltymonke3682
    @saltymonke3682 Год назад +1

    lol, PET flakes was booming back then 😅

    • @damienwursten
      @damienwursten  Год назад +1

      Hahahah yeah!

    • @saltymonke3682
      @saltymonke3682 Год назад

      @@damienwursten and I went in during the fall of oil price, 🙃
      😂