I've been asked this about 1,000 times in the comments but as I mentioned in the video, futures are not subject to PDT rules. This allows you to day trade with less than $25k without federal restrictions.

I used to be a degenerate gambler, then I moved to investing and found a whole new way to lose all my money

Finally someone that didn't get a Lambo by daily trading and some honest stuff out there. Kudos bro'!

I'm a profitable and experienced futures trader now, but over many years lost money trading futures. It's hard to be consistently profitable. I really respect what you did here. If you would have stopped after week 1 everyone would have thought how easy it was trading futures and would be a bad example for people just starting out.

Infinity Algo is best tradingview indicator so far

For a minute there I thought you were going to present a rosy picture. Thanks for being honest, you probably saved some people a lot of money and heartache

One of the best trading vids I’ve seen, and no trading course mentioned!

Shell-shocked financial backers have a lot to think about and losses to recover from after a terrible 2022. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down, which implies that portfolios will experience more losses in the first quarter of 2023. I'm currently at a crossroads deciding whether to switch my $250k security/stock portfolio; how may I profit from the ongoing uncertain market?

I appreciate the transparency and brutal honesty in this vid. This experience is a true reflection of millions of traders out there, I'm sure.

Here is a little trick from someone who gambled for a living in the past: If you start with say 1k$ and you make some profits never use it in the beginning. Always use your first 1k$ till you made enough to now invest 2k and so on. Also set yourself a goal for the day/event. Do not get greedy. Say your goal is to make 100$ a day then just stop if you reached it. If you can hit this amount everytime or it getting quicker set a new goal and stop if you hit it.

Let me know when the challenge is to turn $5,000 into $1,000. That's where I shine. Edit: Wow, you guys turned 0 likes to 5000 likes on this comment 😂

Sometimes it's difficult to make it in trading even with good tutorials as this many will struggle to make it.. not easy as it seems

Anybody who puts money in the stock market will lose it all.

We're out here learning from your failure. Much respect man. This is the content I wanted to see. Thank you for this

Day trading is like closing yourself into a room with no windows and try to guess what’s happening outside

Dude! I have mad respect for you! The level of transparency you maintained *even while losing trades* was the model of how this should be done for most youtubers, especially businesses. Kudos! I found you while searching for something unrelated (though I've been searching for a lot of trading vids lately). I started March 2021 with $1,000. so your title grabbed me. But what blew my mind was the info on futures. I knew nothing about them and your video opened up a new world for me. I'll be deep diving your pool of knowledge and let you know how I fare after an initial test run. Thank you ever so much!

This was actually REALLY good content. Highlighted the ups/downs of trading, didn't sell anything, and illustrated the importance of both LUCK and discipline. Well done.

The platform I'm using in this video is called Tradovate. Not sponsored, not affiliated, no referral link. Just a solid platform for futures.

This is one of the first day trading vids where the person actually shows themselves trading and explaining directly what they're doing

You are right! your explanation is easy to follow up and very educative. thanks

if you made it to the end, you know why i NEED that thumbs up button on this video to be hit!

When your account was up around $2,000 or so, you should have pulled out the original $1000, so all you're left with is the new money to play with. Then if you lose it all, you still have your original amount so you can try again. Good luck and nice vid on reality.

There's something interesting about just starting out and making solid gains. You have a different mind set initially; no biases. You're open to the market information, and not willing it to go in some direction, or another. You simply observe, and respond. After a few days of success, you think you've got a handle on it, and that's where you start making mistakes. That's the key to "beginner's luck", and I think the knack lies in getting back to that mental state when trading.

You seem calm, composed, and very honest. Really appreciated this video. Looking forward to more!

This just got randomly recommended to me by KZfaq, and boy am I glad it was. Editing quality is top notch, and your honesty really builds a trusting bond with your viewers, great job !

I respect the hell out of your honesty. Learned a lot, didn't feel sold on anything, you get a subscribe from me brother. Keep at it.

If you wanna be successful, you most take responsibility for your emotions and and look outward, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You most look outward if you wanna be successful in life.

>

The number one way you messed up was what you said at the beginning, you didn't have a good plan and then secondarily you were basically risking too much each day. You should never risk more than about 10% (i'd say as a seasoned trader - but a new trader, 1-2%) of your overall account on any trade. Though I get what you were doing and honestly, most people do that exact thing, take the little bit of money they have, and trade on it each day. I started with 1,200 dollars and and in the beginning I would take a 100 dollar trade with a stop loss of 5 dollars (basically if i lost the trade i would come out with 95 dollars). It worked well for me and it really helped me get through the learning phase, because there is only so much paper trading can do and with small trades, i get all the experience and my bad trades were minimized and my good trades even if making 10 dollars or 15 dollars, were accounting for any losses i incurred before so for my case after 6 months i was break even and then i closed the year out with about 400 dollars profit which was amazing but very enjoyable video subbed.

As a former trader on the Chicago Board of Options Exchange, I have to say this video was quite refreshing. It's nice to see honest content about how quickly things can (and probably will) go against you. One thing, and maybe I missed it, is I think you should show how much your commissions were. Yes, you lost 1000 bucks, but I would bet that you actually traded very close to neutral, and that your commissions were the 1000 bucks you lost. That's what usually happens to most people since they are essentially flipping a coin. I'd also think another video explaining your tax situation after trading is something that merits investigation. I think most young traders go into this not realizing that at worst they might get a surprising large tax bill, but at the very least are complicating their tax situation--you probably won't be able to file that 1040EZ (if that's still a thing) anymore. Anyway, you earned a like and a sub from me. Great video!

Hey there, I have been trading for about a few months now and just about every trade slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis and MTF analysis, but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take(I know, it sounds stupid but I was desperate) and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?

SOMEONE SHOULD HELP HERE. I LOST OVER $5000 ON LIVE TRADE. I THOUGHT LIVE TRADE IS THE SAME WITH DEMO TRADE BECAUSE I WAS WINNING WITH MY DEMO ACCOUNT. THIS IS QUITE ANNOYING, WHAT SHOULD I DO PLEASE 🙄🙄

i started working with you......I know I’ve changed a lot that really helped me to become a better person inside and outside....you are one of the reasons why I’m always trying my best.....You have influenced my life in such a positive way words cannot express my appreciation.

The problem started with the expensive zoom call lol

I prefer this kind of content. Transparency and the truth is everything. I subscribe not because you got rekt, because you're being honest with yourself and us the viewers.

One rule of mine is to set stop loses to prevent me losing gains from the previous day. If I get to the point where I started the day with 5k I made trades and now I have 6k the moment I come back down to 5k I’m done for the day also I typically shoot for a 3-10% depending on how comfortable I was with the day determines the finishing gains idc if I’m in a short squeeze idc about nothing my max gain every day is 10% I’m not looking for 11% idc about making 50% or even more than that, I’m done for the day after 10% greed has killed my vibe greed has blown up my account greed will have you watch 9k turn to 75k and then you watch it go all the way back down to 25k I’m not making dumb mistakes like those ever again.

Man these vids are high quality. Keep them coming

Random recommendation. Loved the honesty in this video. Would love to see the further progression ✅

man i'm already out on the first thing you need

I am looking for a way to add a second income to my present financial status , I tried stock trading last year, I lost my trading money, this time I want to try again. I do not want to do it all by myself, I need good financial advice from a good strategist. Any good advice will do for now.

BUY HIGH SELL LOW. THAT IS THE SECRET MY FRIEND....OH AND LOTS OF FOMO

Futures is absolutely the best Jimmy Eat World album. Severely underrated.

When i traded CFDs for the first time i had no clue, started with 5k watching them down to 1,5k and then all the way back and up to 5,7k. It's basically gambling without proper risk management and a strategy that works, it requires a lot of discipline.

*I CAME HERE TO LEARN HOW TO INVEST AFTER LISTENING TO A GUY ON A RADIO TALK ABOUT THE IMPORTANCE OF INVESTING AND HOW HE MADE $460,000 IN A 4 MONTHS FROM 160k, SOMEHOW THIS VIDEO HAS HELPED SHED LIGHT ON SOME THINGS , BUT I'M STILL CONFUSED, I'M A NEWBIE AND I'M OPEN TO IDEAS*

Daniel is the real Man, Doesn’t cap! Kudos Man!

nice very transparent, not all youtubers would show the losses. great video!

I used to trade futures. I lost 70k in the span of 2 days. The reason for this was not sticking to my trade plan. I have hours that I trade 9am-11:30am EST. Each day I try to make $500 per day. I set my stop to pull me out at $100-$200. My advice is create your trade plan and stick to it.

I loved this especially how Daniel is so brutally honest with himself.

Bro this was astonishing definitely worth the watch.

In the markets your profits can be large, fast, or reliable . Pick 2.

Thanks for your video. In the middle of the video I thought "Wow, this seems really profitable and if I learn a little about it I might be able to do that too." Luckily, you showed how fast it can go really bad. Thanks for not letting this important part out.

00:56 Futures price movement is impacted by options flow fyi. The ES, for example, is used by dealers to hedge their positions.

It would be interesting to actually see you get better and consistent at day trading, keep it up bro

Thank you for this. As an experienced trader I see newer folks getting obsessed with big numbers and ultimately lose everything as a result. The only way you can consistently make big money on the market is starting small and finding something that consistently works, then building from there until it turns into something big. You weren't consistent, and as a result you lost it all, and you never even started trading big. This is a great example to everyone out there who is just getting started, start small and lose small, start big and lose big.

"Im new to this and dont know how anything works... but here's how to get started and how everything works"

You sorta didn't lose, you gained experience and knowledge which is invaluable. He who dares wins.

"Take a break from losing money." Haha that was a good one.

Nice content! I just discovered this channel! For technical analysis, I am actually an aspiring trader, looking to study some traders and earn off their expertise rather than investing myself for the next bull run. Also what's your take on copy trading? Do people really make money? Just looking for some reassurance. I'm trying to build a portfolio of at least $850k ahead of retirement. I want solid inputs. THANKS

Excellent video. I’ve been trading for 6+ years since college and am constantly still learning. Very important for people to see stuff like this to understand the reality of trading and how much harder it is than it seems to be consistently profitable over time and not blow up. Like you I also made a bunch of money right at the very beginning which gave me the overconfidence to go and lose it!

Wow Dani, sorry about you, and thanks for not giving me a false dreamy idea!

Maybe try only trading with 1k and save the rest until you make your goal 🤔

This was pretty awesome, thanks for the candor. Wish I knew what you were doing... like what prompted you to enter each trade (or even just a couple of them). I feel like I get how it works now, but not what factors move the candle on any given future, and what you based each trade decision on.

Great video. You really highlighted the euphoria and the rude awakening of the lucky, early wins and then giving your profit back. The "house money" mentality is so hard to overcome when you've won some big trades. It's really easy to give it back, because you feel like you have nothing to lose. Before you know it, you've lost half your initial balance. I think we've all been there, done that. Honestly, that's even more of a problem for me when I'm swing trading or "investing." Patience isn't a virtue for me. I lose money when I'm patient. When I'm strictly day trading, I can manage the urge to average down by quickly cutting my losses and regrouping. Paper trading can only take you so far, because it's just not the same psychologically. Some lessons just need to be learned in real pain.

wonderful lessons for new trader like myself. Great details

Even though you lost in the end. This was such a helpful, informative, and real video. You weren't just selling sunshine, like so many other people do! I appreciate what I learned here.

I am a beginner. I earned 1200 dollars in 10 min, at the second day I lost 450 in one hour.

Watching this before my 3 hour casual employment shift...

Moral of the story: don't trade on Wednesdays

You had me in stitches!!! That's the brutally honest truth of how it REALLY goes. Now just put a link to your $299.99 course and watch the money roll in!!

Essentially what you describe is gambling. Replace 'trade' with 'bets' and we are here. Now you are hooked.

Stock market is a FOOLS game like going to the Fair/carnival and trying to Win a prize. Fools are born everyday! why would u invest in something that u can't control and that has wild price changes and no return guaranties.. Why risk it and gamble in a game that you don't control the outcome of...

The IRL version of turning 1gp to 1m in Runescape lol

Reminds me of when I started trading Futures and doubled my account within 2 weeks.. Needless to say that didn't last long and I gave all of it back and some. Experience is necessary 💯

Honestly glad to see this be so raw. A lot more to glean for watching your account get rekt! Appreciate your authenticity and you've earned yourself a new sub!

This video was extremely helpful and entertaining. I just learned about futures and your video has been the most helpful thus far.

props for being so real with the outcome, solid video =)

Daniel, I’m a complete day-trading novice but your videos, teaching, video style is pretty great! Keep it up man, I’m learning a ton!!

Thank you for showing the actual process WHILE explaining. Perfect way to start understanding the stock trade .! TY

The best video I have seen. The honesty is amazing to see. You gained a follower here. I hope you do great things sir. Best of luck

Complete props to you for posting this. I had a similar experience day trading where initially the first few weeks i was averaging 1500 a week, then took HEAVY losses and since have mostly stopped day trading. It really is a high feast or high famine

i love that you're wearing a folklore hoodie. we love a swiftie investor

Please never stop uploading 🙌🏼❤️

Kudos to you for your honesty, that's a hard thing to do (exposing yourself to people's opinions, and your own)

The editing is smooth and easy to watch. I really liked that

This was really enjoyable content, it wasn't a complete failure, there was profitable days, with better knowledge I am sure you can do better!

You have my sub for being one of the first honest and straight up KZfaqrs I have watched

Great video, thanks for explaining how it works! Looks fun to try.

The longer I stare at the brim on that hat, the bigger it gets.

It is all about learning Daniel, if you learn something it is a lesson not a failure!

Lately I’ve been considering buying dividend stocks for retirement, I’ve set asides $350k to invest but along the line, I get cold feet, maybe because I’m a rookie and have no idea what I’m doing, please I could really use some guidelines.

thank you for a very honest and transparent trading video. Good luck with you trading.

That's an amazing challenge pal! I was wondering if the ''beginner's luck'' will hit you but I'm actually glad it didn't - as you said urself, it would have given the audience an inadequate view of this domain. Fail isn't always a fail - well done ;) Keep up the good stuff ! Enjoy your evening.

The problem with trading NQ with small account is your stops have to be so close that your left with scalping short term trades. That tends to get traders into using fast short term charts to trade off of what you should be doing is deciding off longer term charts then use a fast chart to get best price still have reasonable bracket stops. Sounds like you didn't use auto bracket stops really have to use these on all trades keeps you with in the rules. Don't trade the open wait 30-60 minutes and find a trend jump on stick with it for awhile. I would never try NQ with $1000 use MNQ micro NQ that way you can stop out on 20ticks risking $20 but reward of 300-1000 ticks walk away with $200-300 on a single trade. Frankly you should simulate trading if you cant turn a profit on a simulator never be able to with real money.

in the end its just a different form of gambling

Ich schätze mich als erfolgreich im Handel mit Hilfe meines Brokers ein, der mein Handelskonto verwaltet und verwaltet und mir unglaubliche Gewinne einbringt. Ihre Strategien sind erstklassig, gepaart mit der geringen Provision, die sie für ihren Handel erhebt.

This is still a smart move as he can make it back from KZfaq view :) Good job there

This is so exciting! Thanks for being transparent and sharing both sides of the story! This video is invaluable

That was very good. i was surprised how realisticly you described what happended and i learned from you. Thank you and good luck.

OMFG DUDE, thank u so much for this, the information in this video is TRULY invaluable! while i can only imagine how u must feel about having lost the $1000, legit this video will help so many people! cheers!

Sunday session was like : Bogdanof, he dit it! He bought? He went all in Dump it! 👺