Book a Zoom call with me to discuss joining my MBA Degree Programs or for investing/business/personal development coaching: calendly.com/zoom-with-chris-haroun/financial-freedom-meeting Check out all my courses at this link: learn.harounventures.com/
@@ilhaank_5636 Please see page XV, which has the title of: “Finance Essentials Toolkit 30+ Optional Downloads [Templates, Exercises, Resources and Much More]”
Daytrading works, just not at scale, up to 7 figures, you can do well daytrading (even then I'll say switch to swing trading at that point). Swing trading and long-term investing is the approach once you start to scale. Buying stock with little money almost never makes sense, if we both take 10k and you invest it in a stock that performs even 50% for the year, I'll hit that 50% in a week trading indices. However, if you take 100 million, day trading is a very silly suggestion. Long-term investing makes more sense. It's easier to do 100% return in a day with 1k than 1 million. That's the part people don't talk about. You literally can't daytrade large sums of money, you'll need to pick a handful of great picks that have decent returns, even Warren Buffett said it was easier for him to do 50%+ returns with 8-9 figures compared to having hundreds of billions under management. The options to make a good return shrinks significantly because it's just too much capital.
Late reply to you comment and I agree with you. People think day trading is supposed to make you a billionaire which it can't. Day trading is like taking a bucket from a river to water your garden. Investing is trying to predict were the river will flow next after the rain. You can never be a billionaire from a garden.
@@erickrweshabula504 Right, great analogy, I think a lot of retail level traders forget liquidity is a real thing because most of us deal with retail level money which is typically small capital that can move in and out of positions quickly. You can hit buy or sell and be filled at the exact entry you want or close to it because it's small capital compared to the level of liquidity available at different entry and exit levels. I have a couple of friends who have private investment funds, one managing just over 300 million and the other around 50 million. As someone who trades indices with fairly decent-sized accounts, I can vouch that the spreads, slippage, and entry and exit costs from 3-6 figures are completely different once you scale up. Now I'm not quite at their level but I risk anywhere from 350-500k per trade, that means when scalping I'm having to risk 4 and sometimes 5 figures per pip, it's a completely different ball game from when I was just risking 1-3 figures per pip, and for my friends it just wasn't realistic anymore they had to hire traders to help them deploy that capital. Both started as scalpers/day traders. Both are now swing traders😂I've basically began that transition as well.
@@erickrweshabula504 Right, great analogy, I think a lot of retail level traders forget liquidity is a real thing because most traders deal with retail level money which is typically small capital that can move in and out of positions quickly. You can hit buy or sell and be filled at the exact entry you want or close to it because it's small capital compared to the level of liquidity available at different entry and exit levels. Once you scale up, trying the exact same thing will wreck your RR due to slippage, spreads, entry and exit costs, liquidity issues etc... Overall your performance will be negatively impacted which is why most traders at that 8+ figure level will either look to switch to stock investing, swing trading or hire a team of traders to help them effectively deploy that capital.
Trading is Zero - Sum Pretty arrogant to think you’re going to win against the Math Olympiads working in Jane St, Citadel , Point -72 that live and breathe this stuff Would you bet your own money against beating Khabib in an MMA fight ? Better to build a business and if you don’t have a lot of capital to begin with , its a waste of time
Successful day traders don't exist? That is false. Not true. Wrong. Doesn't correspond to reality. Many day traders fail. But none successful? I know for a fact there are successful day traders.
@@kippsguitar6539 I had people try to pressure me into books and I won't for this very reason, I could make a killing by making people think its something cute to do to make easy money.
@@kippsguitar6539 a book wont get you anywhere in daytrading. You can have all the knowledge in the world......trade the wrong instrument and still lose money. I could day trade most strategies and make money at this point. If you pick something that doesn't move alot you can spend your entire life learning and not make a penny.
Im a profitable day trader, the reason most people don’t succeed is discipline , most people don’t have it. If you are not 100% on your game, the market will punish you.
what can I say..? it's been paying my bills for a good ol' while now. i doubt I could trade the way I do with amounts significant enough for large institutions to be interested...but it does for me
It works for you which is amazing but the statistics show that 80 percent of day traders lose money in a year and only about 1 percent of day traders beat index funds
Boomer investment advice: retirement savings, invest in the S&P 500, then you have $1m which you can use to buy caramels because the houses are then $10m. Balls-to-the-wall leveraged YOLO wallstreet-bets style. This is the way.
i will say, for most part, day trading isnt for most. i day trade and a group im a part of day trades. we are consistently profitable. everything is algos moving the market.
Its the large influx of gamblers with no strategy or risk management that blow the statistics out of possibility. After 4 years of studying, paper trading, and now almost 1 year of real money im averaging $500 a week with only 1 /MES contract or ~125 shares of TQQQ. All im looking to do is scale up my position size once im ready
I know you talking large pool of capitol. But for smaller guys that scalp and lock in profits with risk management whether the market goes up or down. if you have a million to 2 million you trade a $9 -11 stock and make $1,000 - $2 ,500 per penny & trade a 1 - 5 cent spread and just manage your risk you can def make a decent return. You can make $50,000 - $200,000 daily if you know what you're doing. I guess the larger position you have held would be difficult to manage because 1 or two cents could mean millions.
Clearly, you don't know Tom Hougaard or Dr David Paul, needless to say, I agree with the premises, that day trading is hard, especially in individual stocks. I trade stock indices and do make quite a great return. With that said, great video :))
I’ve always been pro trading because it has been lucrative since I decided to give it a try. I've seen my net worth grow exponentially over the past year.
It's totally far from luck. My IA, Herman Jonas has consistently outperformed the market ever since I got on his program. He has continued to put my money to good use in the market making me optimal returns of over $101k
Thank you for this guide. I mailed him. Did my due diligence on him before we scheduled a chat. Also, brilliant resume I must say! I intend on getting started right away.
Unparalleled content sir! Great respect for you for putting this kind of invaluable content! No one in the industry shares the actual truth of the domain on RUclips. Charlatan educators fooling retail traders by selling dreams. But you as a former hedge fund employee educating us and showing the actual truth. Such a genuine and unique person! Thank you.❤
6:04 tells me not to day trade, but then tells me to do my own fundamental analysis. Nobody knows anything, either you’re investing in the broad market through and ETF like VTI (as you show us) or you’re purely speculating.
We are in a 16-year-old market we were in a dead market for 10 years before that... everyone is pretty confident and long-term investing...not every 10 years period makes money
Chris. If you are right that day trading does not work, then how do you explain the success of Renaissance Technologies, whose strategies consisted of entering and exiting position on an average of 1 and a half days>
I’m hooked on your channel with each video you put out ! Your content is so educationally entertaining, engaging & informative in a manner I wished my school and college system would be this creative in educating !! More content ❤
Hey Chris! Fantastic video! Where can I get access to the stock analysis spreadsheet you showed in the video? Is it through one of your courses? If so, which one? Thanks! Keep up the good work!
Of course day trading works. But it does not mean it works every single day. You are profitable at the end of each week, month etc. There is always. 2-3 good trades a week and that's enough.
It is practically impossible to be profitable every week and month. Multi billion dollar Hedge funds with great tech can’t pull this off besides the medallion fund. No daytrader who trades individually makes profits every week, month, and year. Don’t let these gurus fool you.
@@Wanted803 there are people out in the open on youtube that have been trading for years...........very conservative people that make profits without flashy videos. If you can't see it then you don't want to....and thats ok.
Daytrading is fine, it's just not something that is as scalable as swing trading or long-term investing. With small amounts of capital it's the better option if you know what you're doing, you can do very high returns in short periods of time, as you get to 7-8+ figures, day trading no longer becomes logical. 7 figures and below, it's perfectly fine, don't like FX either but indices are great.
Maybe it doesn’t work for you because you need too much liquidity. Small/medium traders (up to like 10m in capital) can definitely be profitable at daytrading indices or stocks.
There's a reason why options are calculated so you win more money the quicker you hit the strike price and vice versa , because its a lot less probable! Now there is your answer to why day trading is so much more difficult and you are highly unlikely to win
Daytrading absolutely works and I’m a profitable trader. It is absolutely changed my financial life. I do trade longer time frames as I trade on four hour charts and I also compound by money by treating my brokerage account like a savings account. Deposit amount every week and I trade against it to compound and out perform the market. I’m profitable every month.
good for you, man! Not a lot of people can say that. People definitely need to hear the message that it is possible and not just aimlessly guessing through "random" price action.
Speak for yourself. I left my job 3 years ago and trade full time and have made more money year over year than at my job. Just because you can’t trade or don’t know anyone doesn’t mean we don’t exist. Nice try though.
Excellent video, Chris. I completely agree with you about day trading. Besides, you can’t beat those Algos. What is your opinion on swing trading? Be well and have a great weekend. Best, Dale PS: Love the props ;).
@@kippsguitar6539 90% of people are stupid and day trading takes smarts and discipline. Every time I hear somebody repeat that 90% statistic, I immediately conclude that their IQ can't be much higher than single digits. Did you know 90% of businesses fail too? does that mean no one should start a business?
How does your spreadsheet help you arrive at a target price? Wouldn't that target price change as new earnings reports come out? Or is this an activity you complete and redo constantly. I expect that a lot of these 100 steps are now performed or able to be performed by various AI programs. I wish this video came out 3 years ago before interest rates went crazy lol
A more correct statement is day trading is not scalable. It's because larger firms day trading have too much capital. If you have 1 billion dollars to invest, any significant trade on a smaller stock is going to take more than a trading day to liquidate.
I Swing and Scalp trade. I also have a separate long term account with a different broker. I work an evenings job for medical benefits and gas money. Taxes? I don't care because earning more per week and forking over the 21% still nets me higher take home every month. Is it hard? Yes, I research almost daily. Would I go back to a serious grind hoping for OT.... NEVER😮
all you need is 5 percent a month on 2 to 1 leverage and that’s a 10 percent rate of return so if you have 100k you would average 10k a month and thats easy so you are wrong maybe don’t trade with small amounts of blobs even 20 - 40k isn’t much but better then the average business
95 percent of hedge funds lose vs the market averages over ten year periods. The reasons for poor hedge performance primarily boils down to high fees that drown out their edges and sometimes taking on too much money for the small edges they may have. Medallion Fund from Renaissance Technologies is an exception. They have avereged about 66 percent a year (before fees) for over thirty years with no losing years. They are capped at ten billion and gave back all outsider money years ago. All quant trades. No wall street types or economists hired.
Hey @chris.haroun could you explain more about how does cryptocurrencies prevent goverments to sell bonds? The idea sounds compelling, but just wondering the exact mechanisms down the stream
I do to , but the only issue is 70% lose money. But a few who make money, bare alot of patience and alot of knowledge, its possible to make money day trading but not everyone can
@@hassann.mugisha6084 hardest thing with daytrading is backtest (real significant backtesting) which lead to not knowing if you're improving as a daytrader.
Hey Chris. What do you think about the so called Forex Trading Prop Firms? Can you make a video on that shedding some light on the industry? I suspect foul play. Thanks for the great content as always.
This is false day trading does work. Most people just aren't ok with what the real process involves of being successful. A very small percentage of people are ok with loosing 10s of thousands of dollars paying "tuition."
If you think like that then of course you will not succeed. You do not put in thousands of dollars when you are learning. You demo trade and if you use live money you trade with small capital like a thousand dollars and under you trade the micros until you become consistent. When you become consistent then you scale up your capital. Daytrading is not for everyone. You have to have an obsessive personality I love the markets it provides opportunity for me. If I lost my job it would not hurt because I make a full time income day trading putting in a total of 8 to 10 hours a week. Every 3 to six months my profit doubles. I personally think in order to be successful at daytrading you have to love it.
@Redrocket-t9l lol, if you made a full time income trading you wouldn't have another job which you stated you have. No trader that makes enough to live trading has a full time job as well. Just your comment is proof enough that actual legitimate traders would see you as a fraud. I don't know any professional traders that said I didn't loose alot while I learned. I am talking about the REAL traders out there.
So how prop desks that mainly day trade make money? Trillium, SMB Capital, Apteros? Those are real companies that do day trade a lot? Lance Breitstein made, according to his own words, not only day trading but made millions just scalping.
Day trading works... for 1% of all day traders (just like how gambling works for...3% of gamblers or w/e the ratio is). Everyone else will barely match the market average gains or do much worse. But we do need day traders in general, as the more day traders you have, the better you improve market liquidity. But I'm an investor, not a speculator, so I don't generally day trade.
So glad that I found your channel! I ordered your book well before I finished the video. Interesting elements to it, but this episode drove me crazy a bit because it was so unbelievable (and not in a good way) with this currency trade idea. I wish this show had really tried to deliver more realistic trade ideas. I stopped watching because it just wasn’t believable.
The biggest trainer and backer of manual day traders stoped this and went all quant twenty years ago, citing too stiff competition from speedy algos that can even read and reaxt to news, plus exchange rules favoring the algos. Twenty years ago I knew eleven manual day traders making big money. Since then they all lost their edges and stoped day trading.
Thanks! Mutual funds are not worth it for 3 reasons: 1: the fees are much higher than with ETFs, 2: Most mutual funds underperform ETFs and 3: Taxes are often higher with Mutual Funds because the fund managers usually transact a lot more than with ETFs, which results in high capital gains taxes; if a fund manager books a profit in under 1 year, then we pay more in taxes.
I make high six figures every year day trading. I've done six figures in a month before, and on more than one occasion. Not much going on today , so I only did one trade and still made $3000.
@@kippsguitar6539 there are absolutely people in those books that trade intraday, they may be more willing to trend-follow and hold strong moves overnight, but especially the newer generation of "unknown market wizards" you see this. We know it's possible to make far greater returns as a scalper than simple "buy and hold above the 200 ema"). It's just harder to do and takes more energy. Most of the time you can't get active investor results if you want to sit back and play it passive, why do you think Elon Musk hits the "work harder" point so often? The only problem is that what people perceive as "hard work" in trading is usually not the right kind of work. It's like 20% external work, 80% internal. Can you just swing trade or position trade? Sure... you may find it easier because it requires less energy, but you technically will compound less often, and that's just the math. Obviously if you start underperforming you can compound negative results too, this is where people run into trouble.
8:45 if you think people don't trade off insider info you are burying your head in the sand. "It's against the law" is a cute reason to think they don't do it lol
years into day trading succesfully........you have the entire point wrong. Successful traders don't actually predict anything. You make a small amount of profit on each trade when averaged out. This statement is repeatedly made by people that think they know the subject well but it's not how it works at all.
Day traders who have years of success are everywhere. Why do you lie? Day trading can be scaled to 6-figure and even 7-figure annual earnings. But once you get to 7-figures, you usually have to switch from day trading to swing trading.
I invest all sorts of ways and day trading is one of the ways I run money. Sometimes it’s great sometimes you don’t get anything but I always stop out quickly and will try again.
Book a Zoom call with me to discuss joining my MBA Degree Programs or for investing/business/personal development coaching: calendly.com/zoom-with-chris-haroun/financial-freedom-meeting
Check out all my courses at this link: learn.harounventures.com/
Hi Chris, I do not see the link the to the book or spreadsheet.
@@bdindialPlease see the video description
hi i was wondering, could you give me some advice on how to come up with a company name?
Hi chris bought the book but did not received any email for the spread sheet link
@@ilhaank_5636 Please see page XV, which has the title of: “Finance Essentials Toolkit 30+ Optional Downloads [Templates, Exercises, Resources and Much More]”
Daytrading works, just not at scale, up to 7 figures, you can do well daytrading (even then I'll say switch to swing trading at that point). Swing trading and long-term investing is the approach once you start to scale. Buying stock with little money almost never makes sense, if we both take 10k and you invest it in a stock that performs even 50% for the year, I'll hit that 50% in a week trading indices. However, if you take 100 million, day trading is a very silly suggestion. Long-term investing makes more sense. It's easier to do 100% return in a day with 1k than 1 million. That's the part people don't talk about. You literally can't daytrade large sums of money, you'll need to pick a handful of great picks that have decent returns, even Warren Buffett said it was easier for him to do 50%+ returns with 8-9 figures compared to having hundreds of billions under management. The options to make a good return shrinks significantly because it's just too much capital.
Late reply to you comment and I agree with you. People think day trading is supposed to make you a billionaire which it can't. Day trading is like taking a bucket from a river to water your garden. Investing is trying to predict were the river will flow next after the rain. You can never be a billionaire from a garden.
@@erickrweshabula504 Right, great analogy, I think a lot of retail level traders forget liquidity is a real thing because most of us deal with retail level money which is typically small capital that can move in and out of positions quickly. You can hit buy or sell and be filled at the exact entry you want or close to it because it's small capital compared to the level of liquidity available at different entry and exit levels.
I have a couple of friends who have private investment funds, one managing just over 300 million and the other around 50 million. As someone who trades indices with fairly decent-sized accounts, I can vouch that the spreads, slippage, and entry and exit costs from 3-6 figures are completely different once you scale up.
Now I'm not quite at their level but I risk anywhere from 350-500k per trade, that means when scalping I'm having to risk 4 and sometimes 5 figures per pip, it's a completely different ball game from when I was just risking 1-3 figures per pip, and for my friends it just wasn't realistic anymore they had to hire traders to help them deploy that capital. Both started as scalpers/day traders. Both are now swing traders😂I've basically began that transition as well.
@@erickrweshabula504 Right, great analogy, I think a lot of retail level traders forget liquidity is a real thing because most traders deal with retail level money which is typically small capital that can move in and out of positions quickly. You can hit buy or sell and be filled at the exact entry you want or close to it because it's small capital compared to the level of liquidity available at different entry and exit levels.
Once you scale up, trying the exact same thing will wreck your RR due to slippage, spreads, entry and exit costs, liquidity issues etc... Overall your performance will be negatively impacted which is why most traders at that 8+ figure level will either look to switch to stock investing, swing trading or hire a team of traders to help them effectively deploy that capital.
Trading is Zero - Sum
Pretty arrogant to think you’re going to win against the Math Olympiads working in Jane St, Citadel , Point -72 that live and breathe this stuff
Would you bet your own money against beating Khabib in an MMA fight ?
Better to build a business
and if you don’t have a lot of capital to begin with , its a waste of time
But if you have a true passion and love for the game , it’s better to just try to work at a firm
My friend is a day trader, he is profitable every month. Because you personally dont know one, doesn't mean they don't exist.
Doubt the profitable every month thing🤣
@@Rod.Machadowhy plenty are lol is not like some super secret
Is his name Matthew?
@@Rod.Machadoit is quite easy once you found your strategy and stick with it.
You can really make 10% a day with commodities.
He's a total bullshiter.your friend, ask to see his PL
Successful day traders don't exist? That is false. Not true. Wrong. Doesn't correspond to reality. Many day traders fail. But none successful? I know for a fact there are successful day traders.
I know many who say they hand sell books when they know damn well the buyer if the book has almost no chance of success
@@kippsguitar6539 I had people try to pressure me into books and I won't for this very reason, I could make a killing by making people think its something cute to do to make easy money.
@@kippsguitar6539 a book wont get you anywhere in daytrading. You can have all the knowledge in the world......trade the wrong instrument and still lose money. I could day trade most strategies and make money at this point. If you pick something that doesn't move alot you can spend your entire life learning and not make a penny.
If anyone is curious who one is check out Ross Cameron. He makes millions each year day trading and is legit.
Im a profitable day trader, the reason most people don’t succeed is discipline , most people don’t have it. If you are not 100% on your game, the market will punish you.
What strategy u use
I'm 30%in my game I need to learn more. Please share the strategy you use. Ty
Right. If you slip up just a little bit you’ll get punished.
@@TradingPsychology1MWatch Ownage Pranks he'll help you
what can I say..? it's been paying my bills for a good ol' while now. i doubt I could trade the way I do with amounts significant enough for large institutions to be interested...but it does for me
It works for you which is amazing but the statistics show that 80 percent of day traders lose money in a year and only about 1 percent of day traders beat index funds
Boomer investment advice: retirement savings, invest in the S&P 500, then you have $1m which you can use to buy caramels because the houses are then $10m. Balls-to-the-wall leveraged YOLO wallstreet-bets style. This is the way.
I love it! I love your Mandalorian quote too ; ) thanks. This is the way.
Great comment, I respect your confidence. Sometimes, it works out. Just know when to hang it up, move to Puerto Rico, and sip margaritas on the beach!
This is the way brother 😂
i will say, for most part, day trading isnt for most. i day trade and a group im a part of day trades. we are consistently profitable. everything is algos moving the market.
Yup, algorithmic movement on the smaller time frames and institutional movement on the higher time frames.
This guy is naive.😂
Its the large influx of gamblers with no strategy or risk management that blow the statistics out of possibility.
After 4 years of studying, paper trading, and now almost 1 year of real money im averaging $500 a week with only 1 /MES contract or ~125 shares of TQQQ. All im looking to do is scale up my position size once im ready
@@brisso_csgood work keep grinding. 99% of day traders fail but sounds like you are and I know I am profitable over a long stretch.
Can you provide verifiable documents displaying your profits vs losses?
I know you talking large pool of capitol. But for smaller guys that scalp and lock in profits with risk management whether the market goes up or down. if you have a million to 2 million you trade a $9 -11 stock and make $1,000 - $2 ,500 per penny & trade a 1 - 5 cent spread and just manage your risk you can def make a decent return. You can make $50,000 - $200,000 daily if you know what you're doing. I guess the larger position you have held would be difficult to manage because 1 or two cents could mean millions.
Clearly, you don't know Tom Hougaard or Dr David Paul, needless to say, I agree with the premises, that day trading is hard, especially in individual stocks. I trade stock indices and do make quite a great return. With that said, great video :))
R.i.p the legendary Dr.David Paul.
I’ve always been pro trading because it has been lucrative since I decided to give it a try. I've seen my net worth grow exponentially over the past year.
It's totally far from luck. My IA, Herman Jonas has consistently outperformed the market ever since I got on his program. He has continued to put my money to good use in the market making me optimal returns of over $101k
Is there a way to learn more about this IA’s services or connect with him? I need help.
Hermanw jonas that’s his gmail okay
Thank you for this guide. I mailed him. Did my due diligence on him before we scheduled a chat. Also, brilliant resume I must say! I intend on getting started right away.
I buy and hold past few year don't mean it will always work 😊
It doesn’t work but I think with a small amount it is a good way to thicken your skin. You feel and see the errors in your mindset quickly.
Your theory is terrifying
What are your views on Algorithmic trading? Is it useful. If yes... in which domains ?
It’s very hard to set up. Please research Renaissance Technologies and Jim Simons. Thanks
Unparalleled content sir! Great respect for you for putting this kind of invaluable content! No one in the industry shares the actual truth of the domain on RUclips. Charlatan educators fooling retail traders by selling dreams. But you as a former hedge fund employee educating us and showing the actual truth. Such a genuine and unique person! Thank you.❤
Do you also have the 100step research template available on your Udemy courses?
Spreadsheet link?
13:30 Huge coincidence because just a few days a ago I looked at the same lithium ETF and id my bottom up idea generation.
The ticker LIT is dope! : )
@@chris.haroun Indeed!
6:04 tells me not to day trade, but then tells me to do my own fundamental analysis. Nobody knows anything, either you’re investing in the broad market through and ETF like VTI (as you show us) or you’re purely speculating.
We are in a 16-year-old market we were in a dead market for 10 years before that... everyone is pretty confident and long-term investing...not every 10 years period makes money
But every 20 year period has
This is exactly how to tell people you CAN'T trade without actually telling them you can't trade right here.😅
Can't find the linked spreadsheet
I'm still watching Billions I'm currently in season 7 I liked how Mike Prince took over axe cap.
Don't ever tuck your enemies away
Seeing Bobby loose like that really hurt me😢😢
A great video expressing your clear opinion of day trading
This was a masterpiece, Chris. I really enjoyed your explanations & clarifications! (the props helped) Looking forward to the next video!
Awesome, thank you!
Chris. If you are right that day trading does not work, then how do you explain the success of Renaissance Technologies, whose strategies consisted of entering and exiting position on an average of 1 and a half days>
wasn't that Jim Simons? It was a Quant firm using algos and he was a mathematical genius.
The excel is not included in the description.. kindly assist, rectify or clarify, dont want to believe this is another click bait video
As mentioned in the video, it is included in the book, which is mentioned in the description.
@@chris.haroun ok understood, i have intentions of purchasing your book anyway, looking foward to it may 15th!
I’m hooked on your channel with each video you put out ! Your content is so educationally entertaining, engaging & informative in a manner I wished my school and college system would be this creative in educating !!
More content ❤
Hey Chris! Fantastic video! Where can I get access to the stock analysis spreadsheet you showed in the video? Is it through one of your courses? If so, which one? Thanks! Keep up the good work!
Thanks it’s available in my MBA programs at this link harouneducationventures.com/faq
Seriously thanks man
I knew I was doing it right
Wow. That was a masterclass of information. Thanks!!
Of course day trading works. But it does not mean it works every single day. You are profitable at the end of each week, month etc. There is always. 2-3 good trades a week and that's enough.
It is practically impossible to be profitable every week and month. Multi billion dollar Hedge funds with great tech can’t pull this off besides the medallion fund. No daytrader who trades individually makes profits every week, month, and year. Don’t let these gurus fool you.
@@Wanted803 there are people out in the open on youtube that have been trading for years...........very conservative people that make profits without flashy videos. If you can't see it then you don't want to....and thats ok.
that not a day trading
what about day trading in FX? or some times holding the trade for some few days?
Still not a fan thanks
Daytrading is fine, it's just not something that is as scalable as swing trading or long-term investing. With small amounts of capital it's the better option if you know what you're doing, you can do very high returns in short periods of time, as you get to 7-8+ figures, day trading no longer becomes logical. 7 figures and below, it's perfectly fine, don't like FX either but indices are great.
@@11bornrich Thank you so much
Been waiting for this.
great video although i think background music is too loud
Many thanks. I will lower it on the next video. Thanks again
Maybe it doesn’t work for you because you need too much liquidity. Small/medium traders (up to like 10m in capital) can definitely be profitable at daytrading indices or stocks.
Hey Chris, where is the spreadsheet for investment research dashboard? Is it free?
There's a reason why options are calculated so you win more money the quicker you hit the strike price and vice versa , because its a lot less probable! Now there is your answer to why day trading is so much more difficult and you are highly unlikely to win
great video I love the vibe, please keep up the good work sir.
Amazing video Chris, thank you for sharing
next episode: why fliying machines dont work
Daytrading absolutely works and I’m a profitable trader. It is absolutely changed my financial life. I do trade longer time frames as I trade on four hour charts and I also compound by money by treating my brokerage account like a savings account. Deposit amount every week and I trade against it to compound and out perform the market. I’m profitable every month.
good for you, man! Not a lot of people can say that. People definitely need to hear the message that it is possible and not just aimlessly guessing through "random" price action.
Speak for yourself. I left my job 3 years ago and trade full time and have made more money year over year than at my job. Just because you can’t trade or don’t know anyone doesn’t mean we don’t exist. Nice try though.
Excellent video, Chris. I completely agree with you about day trading. Besides, you can’t beat those Algos. What is your opinion on swing trading? Be well and have a great weekend. Best, Dale
PS: Love the props ;).
90% of daytraders lose their money. Am curious about the 10% that do, otherwise nice video man
Where did you get that 10% figure from? Was it a trading platform? Think about it
@@kippsguitar6539 90% of people are stupid and day trading takes smarts and discipline. Every time I hear somebody repeat that 90% statistic, I immediately conclude that their IQ can't be much higher than single digits. Did you know 90% of businesses fail too? does that mean no one should start a business?
How does your spreadsheet help you arrive at a target price? Wouldn't that target price change as new earnings reports come out? Or is this an activity you complete and redo constantly. I expect that a lot of these 100 steps are now performed or able to be performed by various AI programs.
I wish this video came out 3 years ago before interest rates went crazy lol
how about BNF the Japanese trader who made more than 150 M USD from day trading
Yes and the cow jumped over the moon
A more correct statement is day trading is not scalable. It's because larger firms day trading have too much capital. If you have 1 billion dollars to invest, any significant trade on a smaller stock is going to take more than a trading day to liquidate.
I Swing and Scalp trade. I also have a separate long term account with a different broker. I work an evenings job for medical benefits and gas money. Taxes? I don't care because earning more per week and forking over the 21% still nets me higher take home every month. Is it hard? Yes, I research almost daily. Would I go back to a serious grind hoping for OT.... NEVER😮
Love this series so much ! Totally agreed on your opinion about day trading ! BUT I can find few outliers ;-)
Many thanks Vincent!
well explained Chris 💚
I don’t understand why you don’t have 1 million subscribers. All this information and knowledge is priceless 😎
cause he said daytrading doesn’t work 😅
Really?.how much have you made in the past 2 months?
all you need is 5 percent a month on 2 to 1 leverage and that’s a 10 percent rate of return so if you have 100k you would average 10k a month and thats easy so you are wrong maybe don’t trade with small amounts of blobs even 20 - 40k isn’t much but better then the average business
Is that all? Just 60% per annum? Over double what buffet makes? Wow can you please share your secret?
95 percent of hedge funds lose vs the market averages over ten year periods.
The reasons for poor hedge performance primarily boils down to high fees that drown out their edges and sometimes taking on too much money for the small edges they may have.
Medallion Fund from Renaissance Technologies is an exception. They have avereged about 66 percent a year (before fees) for over thirty years with no losing years. They are capped at ten billion and gave back all outsider money years ago. All quant trades. No wall street types or economists hired.
No losing years is delusional and you have a profound misunderstanding of markets
Headlands Technologies, Hudson River Trading.
Two of the most successful hedge funds at present. Both HFT firms
I just remembered that this are US based traders that say day trading ain't profitable
it's only profitable if youbtrade quantitatively
Hey @chris.haroun could you explain more about how does cryptocurrencies prevent goverments to sell bonds? The idea sounds compelling, but just wondering the exact mechanisms down the stream
Great video, as always!
Would you consider commenting on the new HBO show industry? It’s amazing.
@@casualsender2316 Will do thanks
Apparently u dont know Tom Hougaard . Seen him trade live . He is pretty good
I daytrade daily with a algo and do ok hehe😊
As someone just starting out in this arena, is there any advice you can give me?
I do to , but the only issue is 70% lose money. But a few who make money, bare alot of patience and alot of knowledge, its possible to make money day trading but not everyone can
@@hassann.mugisha6084 hardest thing with daytrading is backtest (real significant backtesting) which lead to not knowing if you're improving as a daytrader.
@@ZubinByes, yes bullshitting and don't do it
can you please analyze Dubai Real Estate Market ?
Who said you would live those 20 years. The moment is now win now or loose now
"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so,"
keep doing good work
Wouldn’t a market maker be a day trader?
I make about $250 daytrading by scalping momentum and imbalances. That adds up at the end of the year 😊
Great video
Thanks!
Hey Chris. What do you think about the so called Forex Trading Prop Firms? Can you make a video on that shedding some light on the industry? I suspect foul play. Thanks for the great content as always.
This is false day trading does work. Most people just aren't ok with what the real process involves of being successful. A very small percentage of people are ok with loosing 10s of thousands of dollars paying "tuition."
If you think like that then of course you will not succeed. You do not put in thousands of dollars when you are learning. You demo trade and if you use live money you trade with small capital like a thousand dollars and under you trade the micros until you become consistent. When you become consistent then you scale up your capital. Daytrading is not for everyone. You have to have an obsessive personality I love the markets it provides opportunity for me. If I lost my job it would not hurt because I make a full time income day trading putting in a total of 8 to 10 hours a week. Every 3 to six months my profit doubles. I personally think in order to be successful at daytrading you have to love it.
@Redrocket-t9l lol, if you made a full time income trading you wouldn't have another job which you stated you have. No trader that makes enough to live trading has a full time job as well. Just your comment is proof enough that actual legitimate traders would see you as a fraud. I don't know any professional traders that said I didn't loose alot while I learned. I am talking about the REAL traders out there.
4:48 Warren Buffett also said “if I had only $1 million a year, I would be able to make 50% profit per year.”
No he didn't
He did. Find the clip online
love the props!
So how prop desks that mainly day trade make money? Trillium, SMB Capital, Apteros? Those are real companies that do day trade a lot? Lance Breitstein made, according to his own words, not only day trading but made millions just scalping.
Bro so your telling me im not real? Ok what about Mark Douglas?
Day trading works... for 1% of all day traders (just like how gambling works for...3% of gamblers or w/e the ratio is). Everyone else will barely match the market average gains or do much worse.
But we do need day traders in general, as the more day traders you have, the better you improve market liquidity.
But I'm an investor, not a speculator, so I don't generally day trade.
So glad that I found your channel! I ordered your book well before I finished the video.
Interesting elements to it, but this episode drove me crazy a bit because it was so unbelievable (and not in a good way) with this currency trade idea. I wish this show had really tried to deliver more realistic trade ideas. I stopped watching because it just wasn’t believable.
Thanks for saying the truth
The biggest trainer and backer of manual day traders stoped this and went all quant twenty years ago, citing too stiff competition from speedy algos that can even read and reaxt to news, plus exchange rules favoring the algos.
Twenty years ago I knew eleven manual day traders making big money. Since then they all lost their edges and stoped day trading.
It's a great video, I used to think day trading is great, but now I think I'm most likely to win in a long term investments.
I would say you are highly likely to lose judging by your naive narrative
waaaao intriguing Please do a reaction for all the series and episodes.
I will thanks!
I loved it.
Long term 90% and 10% for day trading and swing trading
They do exist I know a few .. they’re just really rare
Wise advice! I wanted to ask why only Stocks? Why not invest long term in a good Mutual Fund
Thanks! Mutual funds are not worth it for 3 reasons: 1: the fees are much higher than with ETFs, 2: Most mutual funds underperform ETFs and 3: Taxes are often higher with Mutual Funds because the fund managers usually transact a lot more than with ETFs, which results in high capital gains taxes; if a fund manager books a profit in under 1 year, then we pay more in taxes.
Wow I didn't know there were any good mutual funds
comment section will defend Gambling with same argument "my friend won his bet yesterday - betting works"
I make high six figures every year day trading. I've done six figures in a month before, and on more than one occasion. Not much going on today , so I only did one trade and still made $3000.
Has this guy ever read market wizards?
Have you read it because they are not day traders!
@@kippsguitar6539 there are absolutely people in those books that trade intraday, they may be more willing to trend-follow and hold strong moves overnight, but especially the newer generation of "unknown market wizards" you see this.
We know it's possible to make far greater returns as a scalper than simple "buy and hold above the 200 ema"). It's just harder to do and takes more energy. Most of the time you can't get active investor results if you want to sit back and play it passive, why do you think Elon Musk hits the "work harder" point so often?
The only problem is that what people perceive as "hard work" in trading is usually not the right kind of work. It's like 20% external work, 80% internal. Can you just swing trade or position trade? Sure... you may find it easier because it requires less energy, but you technically will compound less often, and that's just the math. Obviously if you start underperforming you can compound negative results too, this is where people run into trouble.
Just put the fries in the bag!!!! 💼 🍟
True by there are guys that claim you can make 80k a week day trading
Thanks. It’s in my MBA programs: harouneducationventures.com/faq
What constitutes a short term trade? What happens if you put hundreds of hours in to researching the trade, like Soros did?
How the hell am I going to save 23k every year?
8:45 if you think people don't trade off insider info you are burying your head in the sand. "It's against the law" is a cute reason to think they don't do it lol
When I can't wait and want quick I thinks about day trade and I also knows it can't work, eventually I loose time and money but I'm doing it ...
I humbly recommend writing your thesis on all investments before transacting. Thanks
Get psychological therapy
Alex Temiz is successful.
At selling courses
years into day trading succesfully........you have the entire point wrong. Successful traders don't actually predict anything. You make a small amount of profit on each trade when averaged out. This statement is repeatedly made by people that think they know the subject well but it's not how it works at all.
Day traders who have years of success are everywhere.
Why do you lie?
Day trading can be scaled to 6-figure and even 7-figure annual earnings.
But once you get to 7-figures, you usually have to switch from day trading to swing trading.
Top hedge funds don't even watch the market daily and for sue not before and after the market closes.
That's hilarious
I invest all sorts of ways and day trading is one of the ways I run money. Sometimes it’s great sometimes you don’t get anything but I always stop out quickly and will try again.
In other words you don't know what you are doing and lose almost every day
Bro doesn't know ross at warrior trading. Dude pulls in like a million a year day trading.
He doesn’t know the 10% who make money trading, but he does know the 90% who don’t
Trust me bro
@@mrbenttley 😂😂 he has years of live trading videos.
And Umar Ashraf
And pigs fly
Did I just hear Nigeria