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Today, I’m sharing why I chose the thrilling and unpredictable career path of day trading over the more traditional, steadier path of investing. 🤔 💸
If you’ve been questioned about “gambling away” your hard-earned money through day trading or wondered why anyone would take on such a risky business such as day trading, this video is for you.
I’ll share why I was drawn to full-time day trading, and the advantages day trading offers over investing, and I’ll share the downsides of day trading. I’ll also discuss why day trading might not be for everyone and how investing could be a better choice for some, especially when it comes to taxes.
Join me as I debunk myths, break down misconceptions and give you an insider’s perspective on the life of a day trader versus an investor. By the end, you’ll have a deeper understanding of these two paths, helping you decide whether day trading or investing is the right path for you!
#daytrading #stockmarket #howtodaytrade
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.
AFFILIATE DISCLOSURE: I only recommend products and services I genuinely believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel
Traders, what are some of your friends and family's biggest misconceptions about your career? And what do you say to them?👇
Day trader make nuts compared to trend investing. However, day trader make a lot of pressures compared with d rests.
Hi HumbledTrader, if you have already done so, apologies, but would you mind making a vid regarding day trading v Swing Tradind?
Mamacita❤
I'm confused about %100 taxes in day trading you were talking about! Isn't it %40 percent now? If it is %100 percent tax on the profit, then how you live?
I am confusing about taxes.
You explained taxes is deducted from trader 100%. Where is the profit?
Example
If we profit $60k
Taxes deducted $60k ????
Pls explain me if you see my post
Thank a lot
Smash the like button ❤😂
I’m a stock market investor not trader. But I worry about taxes because I trim positions to take profits or reorganize my portfolio. I make new buys but I sometimes sell or reduce when they are unprofitable so I can invest in a better stock. Is it ok to take profits (from a tax standpoint)? Because it sounds like the IRS wants taxes on everything sold. And if I use the cash to invest in another position that makes profits… well they’re just taxing me multiple times on the same money when I sell. It’s just a big game. I love investing, but I hate the IRS.
Thank you FAVORABLEMINER You are phenomenal. Keep it up and do not deviate. I remember i was looking for how to make legit money online when I came across his platform, and since then I've been making about $56,000 weekly. Thank you once again FAVORABLEMINER
Yes Im watching Tesla too and want to learn this day trading.
Glad you are day trading now and look forward to learning from you.
OH kicked out bag holder 🙂
Your Corolla is stupid… haha. 😉🥸
Most traders lose money. 80% It depends on how skilled and trained you are and your systems. Investors can ride into massive profits. Jesse Livermore was one of the first trend traders and he made millions. As he says he learned the trick was staying long in the trade until the trend ended. Darvas came up with a similar system to make millions. Traders put in a lot of effort for not the greatest results typically. Every individual is different though.
No day trader can hold a candle to the best investors and trend traders. Warren Buffett? Billionaire.
Can you please recommend the software to use. Love your channrl I have smash the like button.
THE HARDEST FACT TO ACCEPT ABOUT
TRADING
You can do everything right:
Perfectly follow your rules.
Apply risk management.
Show up every day.
And still LOSE MONEY.
Hi humble trader, I love your videos and learning a lot, my work is 10hrs shifts and I cant wait to start my day trading journey but I still have lots to learn, I have a demo account on trading and lol I am failing but with your videos it's helping me to make my demo account go higher so I might start my trading journey soon, thanks again 😊
My current work environment is toxic and I could relate how you feel. But I would not choose day trading because it is too much unknown and work.
I am an Engineer and making decent salary.
Thanks for your info.
what platforms do you use in canada?
I like the inof,, however I differ in this point, Take alot longer to learn than 2 hours a day for a year .. I think its literally all in for several yearsbefore you find your edge and become consistent
I just want to say this: the real rich people never day trade.
I’ll never forget the great effort of WildVestCorps Page for keeping us to his promise,he’s such a genius::::
investing is better for longterm profit and mental health.
I bugged out when you said you were miserable at your job as a VFX artist bevause I AM a VFX Artist (lighting artist) who's recently started to day trade with some success! Hahah I wasn't expecting we'd be so alike! XD
Worst combo is people dabbling in day trading because they think they are smart.
OMG , my family tells me the same 😮
Love your jokes 😊
You encourage people to deposit more money when losing to make more commission people please just stop losing and don't believe her
If one is being taxed for 100 percent of their profits in day trading, then you are not making any profits.
Nice one 👍
Your vids are great! I started daytrading 2 months ago after a very rocky swing trading experience a couple yrs ago. I'm up $550 so far (I take losses really hard though lol), but I want to learn more 🙂
I think I would do well to take your course
It actually something that money cannot buy … …. u are the best..
Why can't you do both? You say day trading is more profitable? In the short term yes it is. In the long term? Well, I would say ask Warren Buffett. 🙂 Long term investing has sure worked out for him. 🙂 I see no reason you can't day trade, then take profits and invest for the long term as well. The two don't have to be mutually exclusive.
im still doing this part time, but im preparing myself to be able to do this full time. Its true that i also experienced a lot of lost in the first 2 years, haha, but learning is a never ending the process, and currently i can see the results and it keeps getting better, hopefully by next year, i can get all the money that i lost haha, thanks for ur video, it relates to me so so much.
trading never been so profitable like now🐒
As an investor both long term and short term, you really need to practice paper trading first and test certain strategies. Once you figired what works then start trading. However you need to understand risk management and and stay with your game plan. Ths all takes time, don't fall for the get rich scams!
No it isn't
My dream. Working from home. Going to invest some time in this. As long as I make 2k every month, its enough for me,
X day trader I made 40,000 USD 3 days a week and lost 8k when I went to the bathroom and bought Qualcomm on a downswing before going LoL. But I have permanent brain damage from an accident or actually a homicide temp that happened in a week on the floor with no food or water. So I'm out of the game. I used to be rich so it sucks. I could still probably do it at a slower pace. But what I'm thinking about is the AI eventually it's going to get into this go that route when the time comes. Mostly why I date rated in large sums of money was because I was addicted to the emotional ups and it was the best drug I could ever buy.😊
You’re hilarious 😂
I also have a Corolla from 2003 😊
Thanks for sharing your insight on investments and trading-
Godspeed and God bless!
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