$25K Trading Challenge (Day 076) - I Lost $7,000 in One Day
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Biden to propose capital gains tax of 39.6% to fund education and child care, reports say
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This video is for entertainment purposes only. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.
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@JakeBroe 3 жыл бұрын
Thanks for watching everyone! If you are enjoying this series, then give this video a LIKE to support my channel! Also you can checkout my playlist for this entire trading challenge here: kzfaq.info/sun/PLscTZuOqKWIyS6LKoVjC_fifTSiwrxdNV
@suryaa4230 3 жыл бұрын
Hi Jake, how did you do today? It was a huge green day.
@benknapp599 3 жыл бұрын
I imagine you made it all back and then some today.
@itsarchi5968 3 жыл бұрын
Man you are the best finance KZfaqr.
@h316tran3 3 жыл бұрын
I think he's the most and only REAL youtuber that I followed. A genuine guy. Thanks Jake for being real.!!!
@scsmith208 3 жыл бұрын
He is the only one I can stand to watch anymore. He actually makes good content unlike 90% of youtube
@suryaa4230 3 жыл бұрын
@@h316tran3 Check out Inthemoney. He's amazing too. super straightforward, no bs.
@marcellousbell155 3 жыл бұрын
I agree ! This guy is the REAL.
@chrisbrown8748 3 жыл бұрын
This is a factual statement👍🏽👍🏽.
@kendowarrior99 3 жыл бұрын
This video and How to Pick Good Stocks are two of your best. You make your process really clear and definitely help to contextualize technical analysis.
@JakeBroe 3 жыл бұрын
Thanks Russell! Glad people are appreciating what I am trying to do with these videos. Cheers!
@TheFoxfire321 3 жыл бұрын
Well done, Jake! Thanks for your honesty!
@JakeBroe 3 жыл бұрын
Thanks for the support Marc! Cheers!
@Blk_pantherfit 3 жыл бұрын
Great job bro! Always Keep it real and you have my vote.
@JakeBroe 3 жыл бұрын
I happily accept that vote every time! Cheers Pac Man!
@eyobhagos4899 3 жыл бұрын
Great video as usual Jake. Thank you!
@JakeBroe 3 жыл бұрын
Thanks Eyob! Cheers!
@ericmartinschmidt7580 3 жыл бұрын
Nice to get inside your thought process a little! Great vid!
@JakeBroe 3 жыл бұрын
Thanks Eric! Cheers!
@ovallev9190 3 жыл бұрын
Great videos Jake, thanks for sharing your experience!
@JakeBroe 3 жыл бұрын
Thanks for the support Andres! Cheers!
@FrankFinance 3 жыл бұрын
Love the videos man! The content is great
@JakeBroe 3 жыл бұрын
Thanks Frank! I appreciate the support!
@gregsimek1167 3 жыл бұрын
LOVE your common sense analysis. Fantastic job and great work !!! Keep it up.
@JakeBroe 3 жыл бұрын
Thanks Greg! I appreciate that! Cheers!
@Bangpaulxu 3 жыл бұрын
Best finance youtuber to watch!!! Everyone please share and comment, get this man to 100k subssss. That hand is steady! 💪💪💪
@mikepatrickconnolly 3 жыл бұрын
Really like your videos. Keep up the good work
@JakeBroe 3 жыл бұрын
Thanks Michael! I really like your comments! Cheers!
@hawk5410 3 жыл бұрын
Common sense approach! Nice update, love the videos.
@JakeBroe 3 жыл бұрын
Thanks Dwayne! Cheers!
@zunar_j5_933 3 жыл бұрын
Great video as always!
@JakeBroe 3 жыл бұрын
Thanks Zunar! Cheers!
@guppysgirls 3 жыл бұрын
Great video. It is good to know your thought process. You are becoming a real trader.
@JakeBroe 3 жыл бұрын
Thanks GC! I'm doing my best!
@marz88games 3 жыл бұрын
Great video Jake. This was one of my favorites because you went over each stock and why you were still holding it. It would be great if you did more videos like this.
@JakeBroe 3 жыл бұрын
Sounds good Chris! I definitely can include a quick recap of all the charts in future videos. Cheers!
@sidemoney1707 3 жыл бұрын
Thanks Jake for the great work you are doing! You inspire me!
@JakeBroe 3 жыл бұрын
Thanks SM! I appreciate that!
@andrewdatsenko 3 жыл бұрын
Great guidance over your decision process!
@JakeBroe 3 жыл бұрын
Thanks Andrew! Cheers!
@lagaleven1506 3 жыл бұрын
Keep sharing what your learning Jake! It’s super helpful to hear your thought process in the analysis. And as you know, you haven’t lost any money if you haven’t sold. All your contracts are months out. Keep the faith.
@JakeBroe 3 жыл бұрын
I actually haven't lost any money on a single trade I have made this year. Everything I have bought and sold has been for a profit. But I know that record can't keep up, so we'll see if I can keep navigating these choppy waters the next couple weeks.
@gargigulos1984 3 жыл бұрын
Thank you for the insight, appreciated.
@JakeBroe 3 жыл бұрын
Thanks for watching, appreciated!
@KurtKuss 3 жыл бұрын
Great video Jake. I really appreciate how you walk us through in detail what your thought process is.
@JakeBroe 3 жыл бұрын
Thanks for watching Kurt! Cheers!
@peternguyen1960 3 жыл бұрын
Jake, thanks for the tax explanation. It is very easy to understand under your explanation. I was scared on Thursday when I read the news. I trust your account was fully recovered on Friday since the market was very green.
@JakeBroe 3 жыл бұрын
Almost back to where I was at the beginning of the week! VIX is going to spike this week with all the tech giants reporting. I can't wait to see what happens!
@Candychocolove1 3 жыл бұрын
Hi Jake, Thanks for all the hard work and time you put into making these videos!
@JakeBroe 3 жыл бұрын
I appreciate you watching Jes! Cheers!
@newsnowadirondacksredux360 3 жыл бұрын
It happens. I use 10% in active volatile stock. 50% in conservative investments and 40% in a blend. Netflix has reached its level of subscribers now it’s marginal growth.
@JakeBroe 3 жыл бұрын
Yep! Looks like! Cheers!
@aaronshows 3 жыл бұрын
I agree completely with your logic on not panicking with this! After watching your tutorials and strategy videos for a couple weeks now, you've given me the confidence to start trading options in a reasonable way, and I just started this week! I applied your analysis tips, and am looking forward to seeing where these contracts go. Gotta start somewhere! Thanks, Jake!
@JakeBroe 3 жыл бұрын
That's awesome Aaron! I feel like if you are new to options, then just try selling some covered calls or cash secured puts. Selling is a great source of income with low risk. There is always time to buy options at a later day when you have more experience, haha.
@Watema23 2 жыл бұрын
@@JakeBroe what options could you buy a stock at a later day ?
@behrensf84 3 жыл бұрын
Well, everything went down yesterday...
@JakeBroe 3 жыл бұрын
And then went back up Friday! Let's hope for a Green Monday!
@cesar2706 3 жыл бұрын
Today you got back your money the market move up again. Great job with your investments, Well done Jake.
@JakeBroe 3 жыл бұрын
Almost! But definitely no need to panic!
@matthewsherwin8741 3 жыл бұрын
Oops! Forgot to say thanks for the video, captain! Cheers!
@JakeBroe 3 жыл бұрын
Thanks Matthew!
@AntonioInvests 3 жыл бұрын
Keep it going, I'm also down as well. As long as we are up 30% up by the end of the year is what matters well at least for me 😁
@JakeBroe 3 жыл бұрын
That's a solid goal Sensei! Cheers!
@StanHasselback 3 жыл бұрын
You are right an increase in the Fed short term rate will cause a correction but not a crash, I have some powder dry I'm so sure it's going to happen. Some inflation is good. Out of control inflation isn't and that's not happen anytime soon. Real fear like planes flying into buildings or a deadly disease or war will take down a market. Ten percent corrections happen all the time, you should look at those as buying opportunities. Thanks for the inside thinking on how you evaluate each stock you own. I wish you continued success.
@JakeBroe 3 жыл бұрын
I agree! I don't see a "crash" happening but more a very long period in which the market basically stays flat as the money supply has to be reined in to finally stop the risk of inflation. We'll see how to navigate it when it happens!
@ATLJB86 3 жыл бұрын
Don’t just go off of the 20SMA… You should be looking at a 20 and a 50. If it’s above the 50 then it’s in an uptrend. If the price is above the 50 and the 20 is above the 50 then it’s a strong uptrend. If the price is below the 50 then it’s a downtrend. If the price is below the 50 and the 20 is below the 50 it a strong downtrend. There is no 1 indicator you can look at to make a determination. You have to spot something on one and confirm with others.
@lagaleven1506 3 жыл бұрын
Very helpful addition to the analysis from Jake. Thanks!
@JakeBroe 3 жыл бұрын
For sure! Lots of layers to it all, but I like keeping my picks as simple as possible. If a stock falls below the 20, I am going to be pretty ruthless and just cut it, haha.
@thatpointinlife 2 жыл бұрын
Hi Jake, when picking call options, are you shooting for a certain Delta range, and what is your approximate time horizon for expy. date, or does that depend on the particular stock/equity and open interest/volume of the contract? It looks to me like you're generally going out 4 to 8 months (?), though not sure if you bought all of your options in this video at the beginning of Jan. 2021.
@daves2960 3 жыл бұрын
Good analysis as usual. Looks like the market agreed yesterday (4/23) as the potential tax increase was digested with a conclusion similar to yours. I've never done well with FB even back when it traded in the $28 range. I'm counting on AAPL to continue their pre-pandemic upward trend. I guess time will tell.
@JakeBroe 3 жыл бұрын
I could be wrong! But FB stock hasn't gone up in 9 months and I think it is ready to pop. AAPL is the opposite and has run up huge already and lots of great companies see a sell off on earnings. We'll see what happens!
@heavylifter315 3 жыл бұрын
Last couple months have been rough. Lost 30% but I'm slowly making my way back up.
@JakeBroe 3 жыл бұрын
That's good if you are now moving in the right direction! Cheers Tate!
@jairofiorentino4869 3 жыл бұрын
Jake great information, very nice to watch you because you are not trying to sell something under the covers ... what about spreads instead of calls? I think owning a call is more expensive than a spread, what do you think?
@JakeBroe 3 жыл бұрын
Yes, buying a spread would be cheaper than a call, but I am working with a lot of cash now (over $40,000) and I want to be in 10-12 positions. So I can afford contracts that are $2,000-$3,000. But that is just me at my risk tolerance. Cheers Jairo!
@matthewsherwin8741 3 жыл бұрын
I’m sorry you lost money but then again it’s possible to lose even more in a single day. Monday of this week I was down 12 k in just one day! I’m very conservative so of course my stocks should almost certainly come back. Just be prepared for down days this is par for the course when you think long term. I’m rooting for you and I know you can do this! 👍👍👍
@JakeBroe 3 жыл бұрын
Thanks for the support Matthew! We'll see how the rest of this week plays out, haha.
@matthewsherwin8741 3 жыл бұрын
You always have my support, Jake. You remind me of how I was when I was younger and I definitely want the best for you. Sail on, captain! 👍👍👍
@sheilaformath1056 3 жыл бұрын
Also, Is that possible you do this process again? Some people like me were too late to follow. Thank you again.
@JakeBroe 3 жыл бұрын
No worries sheila! Welcome to the channel! I am going to keep making great content like this going forward, so just stick around and wait for the next upload!
@WallersWallet 3 жыл бұрын
Thankfully I’ve only invested in DOGE, I’m pretty sure the only direction it goes is up. Great video Jake!
@hayward022 3 жыл бұрын
😜😜😜
@lagaleven1506 3 жыл бұрын
Every DOGE has its day dog!
@JakeBroe 3 жыл бұрын
You sound like you are on the right track Waller! Don't forget to max out your credit cards so you can get more money in to DOGE!
@Yeah_Buddy_LIGHTWEIGHT 3 жыл бұрын
One bad day happens to the best of us. I'm willing to bet you recovered most, if not all that you lost in the rally today! Keep up the great work. Sidenote: I'm also tired of seeing these videos titled "Market crash coming?!?!?!" The dumbest title I saw thus far was "DOGECOIN IS CRASHING THE MARKET." Bruh 😂 get off the internet lol.
@JakeBroe 3 жыл бұрын
Anything that drive clicks! Haha, these other large finance KZfaqrs will say anything if it gets the clicks. But, big changes to my holdings coming this week. Two update videos planned!
@Retire-py2yk 3 жыл бұрын
LOL.. agree with you 100%... if you can't handle 1% drop,.... LOL
@JakeBroe 3 жыл бұрын
Those videos get clicks and they are easy content... I love how they all saw the top of the market coming when the S&P hit 3000, haha
@retiredonthebeach 3 жыл бұрын
Jake, what influenced you to Buy Calls as opposed to Selling Puts?
@JakeBroe 3 жыл бұрын
Honestly, greed and impatience. Not good reasons I know, but I apparently have a VERY high risk tolerance in the market and am willing to roll the dice on some of these companies as long as it looks like their uptrends will continue. I know that selling options is the safer and better long term strategy!
@frontpineapple4489 3 жыл бұрын
I like your videos and learned a lot from it. Could you elaborate a bit more about the buy call option like how far out do you normally buy? Is it 2 months out? I couldn’t seem to get it right. Thanks
@JakeBroe 3 жыл бұрын
Hey FP! When I buy calls, I look for an expiration 4-6 months in the future and I choose the strike price closest to being in the money. Cheers!
@frontpineapple4489 3 жыл бұрын
Hi Jake, thank you for sharing the information. I really appreciate that! Have a great day!
@sheilaformath1056 3 жыл бұрын
Hello Sir; Thank you for the great videos and advises. What are you going to buy when you sell these so many stocks? Regards
@JakeBroe 3 жыл бұрын
What am I going to buy? Nothing in the real world, haha. I'm just going to keep adding money to this account and investing it all until I am a multi-millionaire.
@sheilaformath1056 3 жыл бұрын
@@JakeBroe Hello again, I meant actually, what stocks are you buying these days instead of what you are selling? Regards
@rino7789 3 жыл бұрын
Jake, how are you doing in your TSP? We have not had a video from you in a while about the TSP.
@JakeBroe 3 жыл бұрын
Hey raymond! I am 100% in the C Fund. I am just a buy and hold investor for the next 24 years. I think my PIP for the last 12 months is something crazy like 70%. Not really any news to report on it. Just buying and holding forever as planned, haha
@qn5947 3 жыл бұрын
Lots of videos out there on Fed taper in June meeting. Might want to liquidate your all your calls before then.
@JakeBroe 3 жыл бұрын
I am hoping to hit $50,000 before then and then change up this challenge. I don't think I want to be buying calls going in to this Fall for sure. The entire market is overvalued and a correction in inevitable (later this year).
@gothiczwo5061 2 жыл бұрын
isnt amazon by these standards a buy? its under the 200 average
@stevenbi7495 3 жыл бұрын
Hi Jake! Looks like LMT is not bouncing from 20 days MA now lol. LMT always had big sell off in the early morning for the past week and for the rest of the day it is climbing but whenever it climbs up there's a big sell off. I've seen comments on Yahoo and reddit where people are saying that LMT is always red after earnings. I think it might takes a while to get back. I don't think there's anything wrong with the company. They might be able to get back by May 18.
@JakeBroe 3 жыл бұрын
Yeah, I don't know. The other defense contractors report this week. I'm willing to wait and see what happens since I do think they are undervalued compared to the rest of the market. I am cool if they just start trading sideways, but LMT needs to stop falling, haha.
@stevenbi7495 3 жыл бұрын
@@JakeBroe yes yes they need to lol!
@randydotson5188 3 жыл бұрын
I believe a lot of good earnings have already been kind of factored into their seemingly overvalued price.
@JakeBroe 3 жыл бұрын
Yep! By the standards we have evaluated stocks by the last 10 years, everything right now is severely over valued. But the market is flooded with money and it has to go somewhere!
@h316tran3 3 жыл бұрын
Jake, 1 of the wall background is the Cross symbol?
@JakeBroe 3 жыл бұрын
I am not sure I follow Tran?
@h316tran3 3 жыл бұрын
@@JakeBroe the house's wall, not your computer background kekekee but its ok, kekekke the atomic bomb picture looks like a cross kekekke
@vidarebornlonewolf 3 жыл бұрын
Great video! I had my best day since I started investing in February 8, today, and made back what I lost yesterday plus some! If you panicked, yesterday, I agree...this is not for everyone.
@JakeBroe 3 жыл бұрын
Nice one Wolf! Cheers!
@JJ-nu8qi 3 жыл бұрын
The question isn't really can you beat the market to me its is it worth your time to try and beat it?
@JakeBroe 3 жыл бұрын
Haha, we shall see if I can indeed deliver J J! Cheers!
@jbardet 3 жыл бұрын
Made me LOL on the .92%
@JakeBroe 3 жыл бұрын
A bunch of chicken littles. Those videos always get hundreds of thousands of views... so it's an easy video for those creators to make. People need to toughen up, lol
@conureron3792 3 жыл бұрын
Ouch! Is your trading philosophy to double down on the dips?
@JakeBroe 3 жыл бұрын
Nope! I learned this year to NOT buy the dip when short term trading. If something is trending down, it is best to ignore it and wait for it to bottom out. I'd rather cut my loses and shift to better stocks in a proven uptrend. Cheers Ron!
@Abtrades820 3 жыл бұрын
It looks the real Apes (animals) have more brains than the idiots @ Apes. Cheers my friend and carry on. Never give in to bullies. Thanks for your hard work.
@DanielPerez-vv1mg 3 жыл бұрын
You are misinterpreting what these youtubers have to say. You are not aware of the "invisible" stock market correction thats been happening for the past few weeks in growth stocks
@JakeBroe 3 жыл бұрын
By "invisible stock market correction" do you mean all the over-valued stocks that run up huge last year pushed by these KZfaqrs that have no crashed as the original investors have been taking profit? The last to show up are now holding the bag.
@chessdad182 3 жыл бұрын
I consider a 7k loss a mere flesh wound. LOL.
@JakeBroe 3 жыл бұрын
Haha, only a 6% drop on all my leveraged positions. I wasn't really spooked at all by that.
@J_prath 3 жыл бұрын
How did you get into stocks?
@JakeBroe 3 жыл бұрын
The market dropped 30% last March because of the pandemic and I wanted to figure out how I could make money from it.
@J_prath 3 жыл бұрын
@@JakeBroe that’s awesome what do you recommend
@J_prath 3 жыл бұрын
For like reading material and tutorials.
@rileyreesman6113 3 жыл бұрын
This is unrealized losses, correct?
@JakeBroe 3 жыл бұрын
Yep! I explain in the video of course but I didn't sell anything. It'll all come back.
@rileyreesman6113 3 жыл бұрын
@@JakeBroe thanks for answering, Jake. Love your channel.
@johndjameson 3 жыл бұрын
💎🤲
@JakeBroe 3 жыл бұрын
Haha, cheers John!
@aaahoang 3 жыл бұрын
Jake, you were "down", not "lost", right? hehe...
@JakeBroe 3 жыл бұрын
You are correct! You only "lose" when you realize a loss by selling. Of course I didn't do that, haha
@discoverneweyes Жыл бұрын
$
@h316tran3 3 жыл бұрын
I'm disappointed in you Jake! kakakakakaka why you let the market down that much and made you lose money? kakakkakaka but im also proud of you, that you didn't sell any. kakakakkaa Vanguard doesn't let people to buy leverage stock anymore. What brokage are you using? :)
@JakeBroe 3 жыл бұрын
Thanks Tran! I use Charles Schwab. They are great!
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