Truth of A ‘High Risk High Reward’ MILLIONAIRE TRADER

Truth of A ‘High Risk High Reward’ MILLIONAIRE TRADER | Humbled Traders

Рет қаралды 188,156

Күн бұрын

Day Trading with me: bit.ly/Xscamasa
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💸 Rez’s Socials:
Twitter: 604rez?lang=en
Instagram: / 604rez
Rez is a self-taught, high-risk high-reward, trader who started trading a decade ago to help his parents retire comfortably. Despite blowing up a dozen small accounts, Rez never gave up and was determined to succeed. He has one of the highest risk tolerances among day traders that I know and trades wherever there is volatility or movement, with no bias towards the long or short side.
Rez's story is one of perseverance and determination, and his experiences aim to inspire others to find success in their trading journey! I hope you enjoy this conversation as much as I did.
In this vodcast, we cover the following:
- Rez’s story 0:00
- His trading style and his road to profitability 9:49
- His trading losses 18:30
- His trading strategy 25:53
- Rapid fire questions 50:42
- Lie-detector game 56:03
- Advice for new traders 59:45
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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.
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Пікірлер: 581

@HumbledTraderOfficial Жыл бұрын

I hope you all enjoyed this conversation with Rez as much as I did! If there are any other questions you want to ask Rez, please drop them here 👇🏼

@ApexFuturesTrader Жыл бұрын

Can you interview Jack Kellogg? Thanks!

@abelthomas5471 Жыл бұрын

This was a great interview! Keep it up!

@usa4ever711 Жыл бұрын

I'm willing to bet that you didn't ask him if he knew about the secret "Boingz" technique!!! 😄

@luigisan Жыл бұрын

Her Rez.. Great interview, did u ask Shay to date u?.... Immagine u both go out during market session!!!. in case post the vid🤣🤣

@johntooth1886 Жыл бұрын

Another scatty female.

@kemalmuharrem7443 10 ай бұрын

Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $225K has yielded nearly $1m after subsequent investments so far

@Arch.ChrisRichchardson 10 ай бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on him before scheduling a phone call with him. he seems proficient considering his resume.

@MrsIsabella-mf4iw 10 ай бұрын

An obvious way to lnvest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions

@EmmaWhite-zq4pq 10 ай бұрын

I wholeheartedly concur, i have thought of engaging with an lnvestment coach,

@patwhite5744 Жыл бұрын

I can relate, I have been trading for about 35 years, about 3 years ago I had carry over loss for over 450K, I finely hit a home run and am retired now, I put most of the money in dividend stocks but still play in the market. Enjoyed your video very much.

@Inceldetector6144 10 ай бұрын

I lost 9k 3 year trade now experience in market so bad i from malaysia 😢

@LongTermStockInvestment-iy2tn 8 ай бұрын

@@Inceldetector6144 it's risk management. knowing when to trade and not to trade. Timing is everything. Easier said than done.

@88svnday 9 ай бұрын

@@Inceldetector6144I lost 14 k within the span of 2 years because I’m a delusional. Getting back into trading but learning and with proper risk management

@AMIR-yc1pc 7 ай бұрын

@@Inceldetector6144 you should focus on your mistakes after pointing out your mistakes work on them so you will be better .one day

@AC313_ 5 ай бұрын

What’s your favorite dividend stock?

@GucasPucas Жыл бұрын

Man Rez really speaks the traders hardship. I can relate to a lot of this. I’m glad he found success

@debtradess Жыл бұрын

Absolutely loved this interview! Rez is a great example of persistence and strength!

@bdtrauma01 Жыл бұрын

Great watch... i love how relaxed and open the conversation is... keep up the great work!

@rayfranco1259 Жыл бұрын

Great attitude. I love that he says back on the horse after you fall off. It is such a psychological roller coaster when you lose. It takes a strong person To overcome this.

@HumbledTraderOfficial Жыл бұрын

Yes very true. Key is to persevere 💪💪💪

@isaacsaenzcurrencytrader Жыл бұрын

You have to be a little crazy too I think😅

@rayfranco1259 Жыл бұрын

@@isaacsaenzcurrencytrader I was going to say and sometimes a little emotionally disconnected but didn’t want to offend anyone. I don’t mean psycho or anything but maybe a little crazy like you stated. Good job!

@isaacsaenzcurrencytrader Жыл бұрын

@@rayfranco1259 💯

@jodivorpahl4183 Жыл бұрын

Love interviews. I learn so much and they are comforting and inspiring

@optimalorlando Жыл бұрын

Loving the podcast, nice to see you evolve. Congrats.

@g.burney4714 Жыл бұрын

Great interview Shay you ask good questions you are so genuine

@grltrader Жыл бұрын

Love this new show! Congrats and thank you.

@marneymorris1396 Жыл бұрын

what a fantastic interview. thank you!!!

@stephanedeland5915 Жыл бұрын

Yesss!! a podcast !! And you're good!

@Chahlie Жыл бұрын

This is a great interview! It's nice to see our own past experiences be validated and there is so much wisdom here for beginners if they watch it over and over again :)

@Gptraderapp Жыл бұрын

⬆ hi

@royfriend89 Жыл бұрын

Ahhh. This guy almost make me cry, he's so real about everything

@kasharudner4971 Жыл бұрын

Excellent interview! Thank you both

@dennydabbs9272 Жыл бұрын

Great stuff Shay. Thank you both!

@josemgonzalez-ew1ry Жыл бұрын

Great interview Shay! Thanks, that was fun to watch.

@mryung2000 Жыл бұрын

This is a great interview!

@CHMVRDFOREXTRADING Жыл бұрын

Hi Shay! I normally don't spend a lot time to watch lives or videos, I do only short ones, but I love to watch your podcast humble trader. Also, I like the good advises from Rez, very good guy. Congrats 👏👏👏

@goexplore318 Жыл бұрын

Nice interview, also great job on the Red panel truck painting.

@johnrock614 Жыл бұрын

What a cool guy . VERY HUMBLE AND DOWN TO EARTH . AND Loves to share his knowledge. Wish more people were like him

@Gptraderapp Жыл бұрын

⬆ hi

@TranquiloRhythms Жыл бұрын

I just subscribed. Congratulations on 1million subscribers in advance. You deserve it. 🎉

@sonicytb 5 ай бұрын

this is so much fun at the end! and I learned a ton!! thank you both!

@remiewatkins8032 10 ай бұрын

Awesome stuff love your work

@knackeredalien Жыл бұрын

Thank you Madam For This Interview, Happy to see you and Sir Share Some Inside Stories and Experiences. And The Major Part, To Smile in Every Situation. 😊❤🙏

@SeaHorseTrading Жыл бұрын

Nice work Shay, kept my interest the whole time, look forward to seeing more and more of your podcasts and videos

@HumbledTraderOfficial Жыл бұрын

Awesome! More to come 😊😊

@andrewjones2561 10 ай бұрын

Great interview! i have a lot of the same reasons and mindstate. Feels good to hear! Feeling Motivated

@jasonokinawa6596 4 ай бұрын

The best athletes and coaches always remember the losses way more than the wins.

@joesmith-pb1vn Жыл бұрын

Appreciate the vid! 👍🏻

@gabebeechum3623 Жыл бұрын

Thank you for this video. Well timed for me at this point in my trading journey.

@souls_23 Жыл бұрын

Thanks Guys for sharing your experience with us. It’s great to hear about trading an investing not only for an “how to become a millionaire” point of view.

@monicacasillas5777 Жыл бұрын

Yes! I’m right where you were, but I had to do it to learn. When you lose $2000 in a day you tend to learn quickly. Thank you for this is so nice to know I’m not alone with this. I’m stubborn, and have extremely high risk tolerance. I’m like go hard or go home! lol now I’m safer.

@HlfBakedTrades Жыл бұрын

This is the real stuff that a lot of influencers don't capture. Great content, my favorite.

@scottsendra491 11 ай бұрын

Great interview. I like listening to other people's stories and how they trade and the experiences and different point of views. With these interviews we are exposes to many more people than what we see on KZfaq. I really like the rapid-fire questions.

@leandrosilva6414 Жыл бұрын

Great Episode! Thanks!

@neutrinopluto Жыл бұрын

Ive been trading for about a year. I belong to the 90/90/90 club. I got back up. Got rekt two weeks ago - got back up. Some lessons are only learnt from experience. Thank you Shay and Rez. Sooo much of Rez resonated with me - the swapping of the buy and sell button had me cracking up. Would love to meet you both because I am like the other normal people Rez has met with the passion for trading which at times can make us a "little" unhinged. Can never give it up - just love anticipating price action.

@carolinegraham2083 Жыл бұрын

The psychological effect is real when you loose during the early learning phase. Hearing from you and Shay give me hope that with more learning and the right trading strategies, I will get better. I have learnt too much to hop out now. At first I used to pray and hope- NO MORE. Thanks for your presentation.

@tibiknows4446 Жыл бұрын

I loved this podcast!!❤️

@menininha92 10 ай бұрын

He's great, I like him a lot, thanks for inviting him to your show

@915greenhornet Жыл бұрын

I love the rush of placing trades just right and taking profits at the top. Even for a tiny account.

@istvantorok26 Жыл бұрын

Great info . Great content . Love your guests , topics you discuss . Thank you

@abelthomas5471 Жыл бұрын

Love this type of stuff

@beast6408 10 ай бұрын

I can also relate to all this, I started trading 7+ years ago, took a 6 year sabbatical and now returning much more mature and excited to go again. My advise is learn all you can, backrest your strategies and never pay signal directorates to do it for you. I wish you all the best abundance both intellectually and physically ✌️

@humbledtrader169.Gmail.-. 10 ай бұрын

❤Get in touch with me..!..⬆️

@nigeltrenaman Жыл бұрын

Lets go!!! Love to see this episode with Rez

@rez604 Жыл бұрын

Get this guy on next

@nomad7653 Жыл бұрын

Rez is kick a@@! Thanks HT for shaking down the guy for the golden nuggets!!!

@brandonj3434 Жыл бұрын

That was really cool.. I can respect the honesty....

@nathaniel8422 Жыл бұрын

excellent guy and interview

@JK-vb6ju Жыл бұрын

im sure everyone can relate but its great for a reminder thanks for great interview

@matthewthomas8155 10 ай бұрын

Respect to this guy with a full time job. Top man.

@Hello-pl2qe Жыл бұрын

I like the new format though I like your old videos too. Podcasts are always awesome.

@Mustang946 7 ай бұрын

Great interview! Important to show the true side of trading. Been in many rooms, no one knows. Learn, dig deep, control your emotions & do it yourself. I have found this to be so true. 😊

@MMM-jp2nv Жыл бұрын

Subtle reminder within, thanks for sharing: At the end of the day… it all comes down to greed & fear, your fight or flight mechanism. Trading uncovers this daily in real time and you quickly learn if your mechanism is “damaged”. For those that are aware, you untap your potential as a trader AND a human being. That’s why most fail, they don’t focus on psychology, the literal driver of markets.

@aladincarpetcleaning6416 Жыл бұрын

This was very insightful and educational of what not to do. Solidifies the importance of risk management ! However, interviews are much better without chewing gum.

@VitalityVogue 3 ай бұрын

Awesome interview and what I like about the guy that he is so Frank and willing to accept where he was wrong and sharing his trading style. This channel is awesome and just listening to the guest speakers on this channel has provided me a lot of insight. Good work.

@alirezashirazifard8990 Жыл бұрын

This was one of the most real , down to earth video.

@richhands5269 Жыл бұрын

My three favorite channels: Humbled Trader, Stock Brotha, & Zip Trader. Make my week complete!

@HumbledTraderOfficial Жыл бұрын

Thank you! 🙏

@adrianapollyon5087 Жыл бұрын

@@HumbledTraderOfficial Can u reply so us humans know you are not a robot?

@everythingisplanned Жыл бұрын

Also everything this planned

@FriendlyBearResearch Жыл бұрын

Zip trader is a paid pumper tho 🐻

@rua999rua999 Жыл бұрын

This bullshitter is saying the same thing on all trading channels

@mekalakarunakaran2648 Жыл бұрын

Thank you for this video

@aintmuchbutitshonestwork Жыл бұрын

great interview📈

@AlanTrades 7 ай бұрын

You both have great chemistry together

@jean-pierrebouchard1078 3 ай бұрын

great interview

@ellenteddy3564 Жыл бұрын

Ohhh, I'm listening now. I too do " engeneering " . And my mum, is also thinking about it yesterday..

@csebastian3 2 ай бұрын

This episode was really great! Very energetic and well edited.

@HumbledTraderOfficial 2 ай бұрын

Cheers thanks

@MrLittlelion99 Жыл бұрын

Thanks for putting this interview together Shay! Love it! Shay and Rez, do you guys utilize any trading alert services? What is your takes about these services?

@henrylimanto2178 Жыл бұрын

Thank you for doing this podcast!

@HumbledTraderOfficial Жыл бұрын

I hope you enjoy it! Let me know any questions you have

@adrianapollyon5087 Жыл бұрын

@@HumbledTraderOfficial I have a question. Can you interview someone from SMB Capital?

@edinson1613 11 ай бұрын

Man this guy seems like such a bro. When i blew up my first account i felt like throwing up in the trash can. Feels better knowing im not the only one.

@humbledtrader169-Gmail..-..-. 11 ай бұрын

⬆️Directly get in touch with me❤.!..

@solotravis9427 Жыл бұрын

I really enjoyed listening to this these podcast at work

@KassNi Жыл бұрын

Inspiring! Someone you just want as a friend.

@ErikSjaastad Жыл бұрын

I love these interviews! Thank you so much Rez and Shay!!!! I'm good with 5% per day

@lenejaia Жыл бұрын

Great return, congrats!

@jamesfacada8094 10 ай бұрын

This was a fantastic interview. Very enjoyable and entertaining and I can identify so much with Rez’s comments. Lots of wisdom here.

@humbledtrader169.Gmail.-. 10 ай бұрын

❤Get in touch with me..!..⬆️

@billyshears921 Жыл бұрын

Excellent podcast, Shay, you do this very well. I hear Andrew Aziz is coming soon!

@waynetrading-fx Жыл бұрын

Great interview! I prefer these types of content over basically anything else out there❤ I’ve been trading for years now but have only just started a YT channel for my own trading as a hobby😂

@lucjean5750 Жыл бұрын

Great Video Shay!! Awesome interview guys!! 👌👌

@HumbledTraderOfficial Жыл бұрын

Thanks Luc 🤓🤓🤓

@verilucis Жыл бұрын

Great interview! Thanks, Shay! It does help those who are considering the deep dive and the time it will take to become profitable in this crazy industry. :)

@sumitmangar8563 Жыл бұрын

Woww Reez my new idol🙌 doing everything for parents, I liked that🥺 hope I be like him soon nd give best life to them 🎈

@zamiadams4343 11 ай бұрын

You and Rez make a great couple, get in there!

@breatheinbreatheout8372 Жыл бұрын

You guys would make a great couple I see the chemistry❤❤

@marteanderson7963 Жыл бұрын

When I was in graduate school I used to daytrade adjacent to Andy Bass who was a childhood friend of Sam Walton. Andy was an early investor in Walmart and at one time was the largest land owner in Missouri having received the parking lot paving contracts for many strip centers anchored by Walmart as it grew up. Andy loved to daytrade and as he got older and suffered with Parkinson's Disease he often fell asleep while day trading futures contracts without stops. One day that stands out was when he fell asleep with a large position in S&P 500 futures contracts and although he was down a few hundred thousand dollars we didn't want to disturb him. At the end of the day the market started rallying and Andy woke up a few minutes before the close and exited the trade for a couple hundred dollar profit completely oblivious to his intraday lossess. He bought me ice cream as I drove him to the country club.

@goober-ll1wx Жыл бұрын

That cactus is amazing ...😍🌵

@clubafiliasi Жыл бұрын

it is nice if you create a live podcast with long duration like this one. and giving opportunity for the audience to ask any questions by using live chat. thank you.

@cmtodd3 Жыл бұрын

This podcast series is great! I’ve just started trading and its surprising how much I have to battle with my own emotions. But I’m obsessed and can’t stop. Literally in the middle of trade right now trying to finds ways to distract myself from messing with my SL/TP 😂 Its nice hear how other traders deal with the emotions of the trade. Something to think about when I’m down on myself or need some encouragement that I will get better. To distract myself It’s watch your videos or…look at videos of the future lambo I will buy with my gains 🙃😋

@chalimudenda8389 Жыл бұрын

Keep going..👏

@MPlain Жыл бұрын

do everything possible to robotize your trading. your SL is at a pip level. that's the point at which you refuse to take more losses. you have thought out where it should be carefully. odds are if the market goes there, it continues going that way. TP is somewhat slightly flexible. yes and no. lol. i've seen the market get almost to TP only to reverse. so if it's warm and looking like it's going to die on me. i'm not too picky about getting that last little bit. i have a ding ding alarm set to go off when it's getting close so i can take a look and decide if i let it ride to TP....further...or close.

@g.burney4714 Жыл бұрын

Keep it up Cassie not all obsessions are bad. My goal is to take care of my wife not just to buy things but to make sure we have the essentials. Being debt free takes time and patience. Debt steals your time. So be encouraged you can do this, and by doing this at such a young age you are really thinking about your future. God Bless you♥️

@MPlain Жыл бұрын

@@g.burney4714 you my friend are in the right place mentally to succeed. cover the bills. live comfy and free of work. have time for family. This is pure gold. more is welcome sure. but if you have the basics covered and aren't slaving at the 9 to 5. man that's the perfect world. love this attitude.

@Gptraderapp Жыл бұрын

⬆ hi

@johnvonsauers8867 Жыл бұрын

I took some hi risk and its not fun when the market goes down. Great show Shay, as always see you next time. I did smash the like and gave you a heart💗👍👍

@charleneaira3996 11 ай бұрын

Thanks for this. You guys can follow Amarkets as understanding the value of a trading journal is absolutely critical. I actually started one but never kept up with it especially when I have losing trades. I definitely should get back to it. Thanks for this gem of an interview. Ran into it by accident but I'm glad I did. Cheers!

@humbledtrader169-..Gmail..- 11 ай бұрын

⬆️Directly get in touch with me..!..❤

@philipfiguerres6132 Жыл бұрын

I had the same problems as rez did and other similar traders. I blew accounts similarly. I made a trading bot to implement my stategy which allowed me to get in and out of trades automatically. This has allowed me to not be glued to a screen watching my trades. Good luck.

@Humbledtrader809 Жыл бұрын

Wʜᴀtsᴀpp ᴍᴇ ❣️

@Idkjustyet 8 ай бұрын

The chemistry 🔥🥰

@izuddin1978 Жыл бұрын

tq for the sharing coach

@malihfarahnak5671 Жыл бұрын

that was so inspiring. ممنون رضا

@kmoore1508 Жыл бұрын

Cheers Shay & Rez

@georgecarlin2879 Жыл бұрын

I've had the same experience- high risk to reward ratio all my life. However, I've toned it down in the last 8 yrs.

@franklincarnes5264 Жыл бұрын

Relatable, great interview, good personalities, this was pretty fire. Good insight from both of you guys, thank you for sharing your time and this discussion with us!

@sbtgirl5618 Жыл бұрын

Trading is definitely not boring if you make it a pursuit of passion. 🙏

@Don_Modern_Ancestor Жыл бұрын

Shay, Discovered you recently. Great informative content and is drawing me in. I have a question. When you have losses, can you normally go back and see where you may have missed? Thanks.

@midnightsxtc Жыл бұрын

so much chemistry

@hawker358 Жыл бұрын

Use twice the stop when learning. It will make you much less anxious and allow you to stay in the trade. Staying in the trade is a must. A wider stop gives less risk reward BUT, if it keeps you in a trade that would have stopped with the smaller stop, and that trade becomes a 3R winner, you just saved/made 4Rs. Also you have the option to move your stop up and add shares (with the same risk) when the trade goes in your favor. It's all math. Your spreadsheet should track multiple trail methods, stop placements and tell you what to tweak to maximize your money.

@humbledtrader169-..Gmail..- 11 ай бұрын

⬆️Directly get in touch with me..!..❤

@jacobshirley7155 Жыл бұрын

Great podcast!

@humbledtrader169-..Gmail..- 11 ай бұрын

⬆️Directly get in touch with me..!..❤

@mukzed4506 Жыл бұрын

Fun interview. Whatever works with your personality, then go with it. I for one, will not be taking a nap without a stop loss :D

@davidstrong7854 Жыл бұрын

Humble trader is crushing . Might have a new X in her sights . "Oh, my God, look at that face You look like my next mistake Love's a game, wanna play?"