Transcript:
we're goodIs the stock market gambling?This is something that I see all the time.Who knows?Maybe you're thinking about
getting into the stock marketbut you have, I dunno,
some uncle, some neighboryour mailman that makes
some sort of commentor that is implyingor maybe just flat out says
"No, no, no, that is gambling,"you might as well go to the casino".So if you are a beginner,
if you are thinkingabout getting started
in the market, I get it.I really do, why you might
be thinking and feelingthat it just all seems so randomand that maybe the stock
market is just like a casinoand really all that's
going on is gambling.And I wanna get up, you knowdisclose upfront the point of this videowhen I show my personal trading results,is not to brag about my results.In fact, I'm gonna guaranteethat there will probably be somebodyin the comment section
that makes fun of mebecause they're gonna see these resultsand they're going to
say, "Wait, that's it?"And like I said, so the
point here is not me tryingto brag about my results at all.I am just trying to prove to youand show to you that
no, it's not gambling,no, it's not guessing,no, it's not a big, random mess.There is a method to things,there is a way that you can go about thisand achieve consistency.Gambling, true gambling
there is no consistency,it's pure randomness, right?You can go to a slot machineand you're never gonna
get consistent results.I'm not saying you can't make moneybut when it comes to consistencythat is what differentiates
trading from many other things.Right? Think about it.Crossing the street is a gamble,but when you have the right strategy,when you have the right
method to get acrossthe busy street, you can
be like really consistentat making it from one side to the other.And trading is exact same way.It's not gambling.And what always brings this upand this is not the first timeI've done these sorts of videosbut it's been awhile
and for whatever reasonthe month of November I seem
to have quite a few commentswhich you see here on the screen here.But you know, the first
one here, you know, so"He actually has some good points"referring to somebody else,"You do get lucky a lot"so I'm accused of getting lucky.Again I understand when you're a beginnerand if you watch my live trade videosit can definitely come across as,okay, you're just getting lucky,okay, you're just getting lucky.It made me laugh when he
said "You get lucky a lot".So maybe I'm just the
luckiest person ever,I suppose that's a
plausible scenario there,but you know this person is just saying,yeah I just seem to get lucky a lot.This person says "It
looks like just guessing".So again, just guessing, getting lucky,these things all imply
that it's just gambling,it's just randomand in order to make money,
you have to get lucky.So that really just brings
up the question here ofyou know, is trading gambling?And it's not.And if it were gambling,
like I said, I'm not sayingthat it doesn't mean that
you'll never make moneybut consistent money. And what
I wanna do here, like I saidshow you some resultsand that way you can get an ideaof just exactly what I'm getting at.So I mentioned earlier in the videothat I'd done these videos beforeand I've done them over the yearsbut here's another one where
I had 20 winning days in a rowand you know, is that possible?
And it was the same premise,hey, you know what, is trading gambling?And then down here,
you can see my results.So right there in and of itself, you knowif trading was gambling, I mean
really 20 that's like goingto the casino and walking awaymaking money 20 days in a row.I suppose it's possible,but that casino would be outta
business very quickly right?I mean, if your customers are able to walkinto your casino and walk out winningand making money 20 days in a rowit's either you have a really,
really, really bad casinoor maybe you're just not a casino at all.Maybe the people just
actually know what's going on.And then here we have my results
for the month of Novemberand over here, you can seeif you're not familiar with this green,this is just giving, this
column is all fine and dandybut that's before commissions.So the column that really
matters is over herethe net P and L, but
you can see right herethat finished the month with $5,300.So $5,300 on the month, like I saidnot here to brag about the gains,now, I think they're pretty good gainsespecially when I explain moreabout my strategy in
case you're interestedand then you kinda look and just, you knowconsider other avenues thatyou could be using your money with,but the point here being is,if trading was gambling, I mean really?Will this really be
possible, to out of 20 dayshave one losing day?Again, to use that analogy,if you're gonna walk
into a casino for 20 daysand out of those 20 days, 19
of those days, you make moneyis that really gambling?Is that really a casino?Or is that maybe just a
situation where when you knowwhat you're doing, you can
actually be consistent?Now can trading, can you know,the stock market be treated as a casino?Can it be used as a casino?Absolutely.It can absolutely be treated as a casino,it can absolutely, you
can gamble in the marketbut just because you can use itas a casino does not mean that
it's actually a casino right?So let's just keep that upfront hereis that just because you know somebody,oh, it's all rigged,it's all randomness,it's just, you might
as well go to a casino.Well, yeah, I'm not doubtingthat person that's telling you that,I'm just guessing that if
they were allowing somebodyto look into how they were
behaving, I bet they're behavingwith no strategy at all,maybe a little small strategy, but I doubtthat they're actually approaching it withthe way you should approach it.And how do you approach it?Well, under the expectations
that it's a lot of hard work,it takes time, but it's
not actually randomness.It's not actually gambling.Again to that person's,
man he gets lucky a lot.I guess I do get lucky a lot
or maybe that's not luck,maybe that's just actually a strategy,maybe that's just actually managing risk,which brings about the next point.I'm not saying that I
only had one losing trade,I had several losing trades.So right here when I made
$3.52, well, that wasbecause in all actuality,let's click on that day and bring it up,on that day, you can see down here,I actually did have a losing trade.But I kept it controlled
I'd manage the riskand then I ultimately, you
know, actually got slightly backinto the green on the day for $3.52.But again, that was all, you knowit wasn't because it was some sortof random guessing it was
no, I just manage risk,I had to cut the loss and
then it ultimately came outand worked out fine.So let's see probably right there,did I have losing when I only made $91?Let's see.So there we go, another day right there.So I had a losing trade,
but that just goes to showthat you can still have losing trades,you can still be wrong within a daybut as far as the general day is concernedyou can still walk out ahead.And that's what this
is showing you here isthat I'm not trying to come across and sayI'm such a good trader,I only had one losing
trade the entire month.No, I had several losing trades,I just kept them as controlled,even that day, that day
right there was surethat's a big laybut you know what, you
can't win every single daybut the point being that you
are able to be consistent.And if you know, trading
was just a flip of a coin,again, statistically speaking,very, very, very unlikely
that this would happen.Of course it's possiblebut I mean really two months
for it to happen two monthsthat first month I showed you
20 in a row and then this?It's not gambling.So I just want you to realize
that going in that sureit can be treated as gambling,sure you can go about it in a waythat totally makes it gamblingbut that doesn't mean that
it's actually gambling.You have to treat it like a business,you have to treat it with respectand you have to treat it with control.Now, as far as the way I'm set upand you know why I'm pretty
excited about these resultsand why I'm more than pleased isand this will mean a little
bit more to those of youthat have watched my past
live day trading videos,but if you haven't I've
been doing what is calledthe be done in 30 approach.Meaning at this stage in my
life, I have four young kids,I just want freedom of time,I just wanna be done with
my day as quick as possible,I don't wanna be chained like
on my computer all day long,so my goal every day isto average out around 30 minutes per day.Some days will go a little
bit more, other daysand like I said, if you
watch any of the videosthe past month, you've seen some dayswhere I'm done in like five minutes,but point here being generally speaking,I mean, I probably averaged
less than 30 minutesbut just to keep the math
easy, I average let's justcall it right around 30
minutes of quote and quotework each day.So let's just go through
the math here real quick.So 20 days in the month of November,30 minutes, each day on average,that equals what, 600 minutes, right?20 times 30 equals 600 minutes totaland then if you want that by hours,well like divided by 60and then that equals what?Well that gives you 10 hours.So 10 hours,I was actually trading for the month10 hours of quote and quote work.So as you saw, I made the
$5,300 and you divide thatby 10 hours and the math here, you know,nothing crazy, but that
breaks down to $530 per hour.Now I can only speak for myselfbut my time is worth at least
$530 on average per hour.Maybe not for you,maybe you're not happy with that,maybe that would be a waste of your time,if it is then, hey, I respect
you, in fact, can we talk likewhat do you do where $530 is
not worth an hour of your time?Like, I'm not jealous of you,
but I mean, I respect you,that's awesome but let's talk,I want to learn more about what you do.But for me on average $530 for one houris well worth my time.And then the other thing
I like to do is always aimfor right around 10% account growthand this is also a little trickto help build perspective
for you as a trader,because I get it, I'm guilty myself.You look across social media,
you look across YouTube,you look across just the
internet and you see gainsand you're like, "Wow, that's huge"and it's very easy to doubt yourself.Like I said, I'm aware,I realize that well,
such and such made $5,300in one single tradeand that's awesome for such and such.Truly, that's great for them.But that's also a very quick
way to lose perspectivebecause for me, I made
$5,300 on an accountthat it breaks down to about 10%.It might've been a little less,a little bit more, I guess, honestlyI didn't do the calculation
here for transparency sakeso don't hold me to itbut I think it was a little more than 10%but I could be wrong there anywayslet's just call it 10%.You know what? Actually let's do this.Let's err, on the side of
caution, just in case I'm wronglet's call it 9% account growth.So I grew my account,I got a return on my my
money of 9% in one month,but let's take a quick lookand like I said, do this,
do this for yourselfit'll help build perspective
wherever you're atin the world or the countrywhat are your bank CD rates?Meaning if you could
walk into your local bankand get a return on you
know that investment,what would it be?And as of right now of the
recording of this videoyou can see right now, and
this is a bankrate.com,so you can go to bankrate.com and you knowthe best rates are actually,
you can't see that,let me bring this down.So there you go.Best rates for December,
but point here beingas you look down here and
I mean, check this out,this is sad two years!Two years for 0.8%and that's, I don't
know if I believe that,is that just, what to do, I need to,I meanthere we go 0.85%,but you get the idea here, right?Let's let's just say this is not true,let's say you can actually get 2%.So 2% for three years, are you serious?Builds perspective doesn't it for you,maybe I mean, 'cause I get it.You know, well I only made that amount.Well, yeah, but what
was your account size?How much did your account
size actually grow?And even if it grew
quote and quote only 1%,think about it.Here we're looking at
0.85% for three years!And if you grew your
account by 1% in one month,I mean that's pretty good.Now, you should probably
aim for a little bit more,but I suppose that depends,I mean, if you had a
trillion dollar accountand you can go up by 1%,
that's a lotta money,but that is why I am happy,that is why and like I said,now just a little trick these
past couple things, you know,how long do you trade
and then break that downand what does that break down to per hour?That's also a good trick
to maybe let you know,you know whether or not
you're actually going aboutthis the right way'cause I mean, if you're
sitting there for 10 hours a dayand then you ultimately made $5 per hourI'm not saying you should give up,but you might wanna
reconsider a few things.But I mean, in this case $530 per hour,grew my account right around 9%.So use those couple of tricks alsoto just help kind of keep
things in perspectivebecause like I said it's
very easy to lose perspectivewhen you look around and see some ofthese massive numbers
floating around out there.But to circle back to
the primary objectiveis the stock market gambling?Am I just lucky?Do traders need to be lucky?No, you need to get, to steal
from that person lucky a lot.But I mean, there's a reason
why I seem to get lucky a lot,it's because I'm taking and noticingand I recognize most likely situations,meaning while the stock is most likelyto behave in that manner.Now it's not guaranteed
to behave in that manner,that's why I take lossesbut it's most likely to
behave in a certain mannerand that's how you can put
together consistent days,consistent months.So just keep that in mind,I get it,you might be walking around thinking it'cause you heard it, but
you gotta just refrainfrom listening to the people that,yeah I'm not saying that
I haven't been involvedin the markets but how do they
actually treat the market?How do they actually behavewithin the context of
the market themselvesand anybody that's saying it's riggedor that, you know, it's impossible,they just, with all due respect to themthey just weren't going
about it the right way.So hopefully this helps
and you know, whoopsand see I gotta talk with,clearly don't talk with your handsand maybe they right cause I'm smackingthe microphone all around.But I hope this helps,if you enjoy this video,if you, you know, want me to make moreof these sorts of videos and a very easyquick way to communicate that to me hitthat like button also,
comments, questions, suggestionsleave those down below,love to hear from you as subscribersand also check out the channel as a whole.You saw the results here,but if you wanna see a lot
of those individual daysthen you can go out there and
watch the live trade playlist.Now I don't record every single day,so some of those days you're not gonna seebut so I don't want you to go and say,"Well, good, I can
watch every single day".I don't do it every single day,but there's a good amount of
those days that you can watchso check that out on the live playlist.But hopefully you like what you see enoughto become a subscriber to
the channel as I would loveto have you as a subscriber.But yes, trading, investing
all of that in the marketit's not gambling.The stock market is not a casino.It can be treated like a casino,but that doesn't mean
it's actually a casino.First off thanks so much for
watching the entire video.Real quick, before you go,I wanna invite you to a live webinar,web class, training,
workshop, online event,whatever you wanna call itbut it will be me live revealing to youwhat I've discovered that has
allowed me to transform myselffrom being an employee,
to being my own bossincluding how I had only one losing dayout of 73 days in total.I'm gonna cover three
keys that have helped meunlock profitable consistency
within the markets.The first key is super weird,but in a productive type of way,the second key is super awesomebecause it quite literally is
wired into our DNA as humansmaking it very easy to use,but in a cruel way this becomes
a pitfall for many traders,I'll explain it all thoughincluding how to avoid the
pitfall that it creates for some.And yeah the third key when you hear itsounds way too good to
be true, but it's notand I'll show you how it all works.Then at the end, I open
it up for a questionand answer session that
is again, totally live.Even if you can't make the live sessionplease still sign up
as it will be recordedand you can go back and watch the replaythat I will send you.Click the image on the screenor click the link down
in the description boxso you can get the date and
time and claim your spotwhich I should note is limited dueto the fact that this
truly is a live event.If you have any questions, let me know,if not, I'll be seeing you soon.