How much do Day-Traders really make? — Transcript

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1. 0:02what's up guys my name is Steven ducks
2. 0:04today I have a little bit topic that a
3. 0:06lot of people want me to share with so
4. 0:09how much do they try to really make a
5. 0:12year and happiness industry for about
6. 0:16roughly three years now and I started
7. 0:19becoming consistent profitable in the
8. 0:22first six months so I'm probably one of
9. 0:25the faster openers and I spent opening
10. 0:29of time learning and here I'm gonna give
11. 0:32you exactly or a roughly estimate how
12. 0:35much do I really earn involved with
13. 0:38parole fees and execution fees and
14. 0:41overnight fees so I'm locating Ohio and
15. 0:45I started when I was 20 roughly 20 years
16. 0:49old in the summer has to remember and I
17. 0:53started with around 27,000 and at that
18. 0:56time I was using TN Ameritrade so with
19. 0:59the fees I don't really much know
20. 1:01because I have no idea I don't even know
21. 1:04what stock is I don't know what what I'm
22. 1:06buying it's by a random stock and make
23. 1:08money I'm not happy
24. 1:09so I ignore almost all the parts but
25. 1:12when I start officially start trading
26. 1:14the stock I'll have to include execution
27. 1:16fees borrow fees on IVs also and now let
28. 1:20me discuss some of the broker that I
29. 1:22have used so one of them is Centrepointe
30. 1:24another one is interactive broker and
31. 1:29the other one will be trade 0 I also use
32. 1:32copper traders as also for swing trading
33. 1:35I have been majorly with trades er
34. 1:37recently and I can discuss with you
35. 1:40about this month performance that I did
36. 1:43and now the first thing is talk about
37. 1:45the borrower fees typically you wanna I
38. 1:48typically borrow around worth of 1000 to
39. 1:533000 per day depends on if there's a
40. 1:57stock or now sometimes I don't even
41. 1:58borrow at all because there's not a
42. 2:00ticker that meets my criteria so I just
43. 2:03basically wish the Pearl fees now I'm
44. 2:06average probably about I would say 600
45. 2:10to
46. 2:11thousand dollars per day so that times
47. 2:14about 22 trading days will be around
48. 2:17twenty thousand dollars so that's about
49. 2:20thirty thousand four thousand dollars on
50. 2:22the barrel fees and execution fees now
51. 2:25let's talk about overnight fees I barely
52. 2:27go overnight on the tickers but
53. 2:29sometimes I do each time on trade zero
54. 2:32they roughly charge about x seven on the
55. 2:35first night
56. 2:37I typically try to not hold them and
57. 2:40shares as possible but sometimes there's
58. 2:44a really good odds I have to hold it and
59. 2:46I pay about twenty percent of the
60. 2:48profits into the next day which is a lot
61. 2:51but if there's are really high winning
62. 2:54percentage it's free money right now so
63. 2:57on EPL which happened last week me
64. 3:00around sixty thousand roughly estimate
65. 3:04on the net profit on day trading there's
66. 3:06a lot of cost into it so make sure
67. 3:09include all those stuffs that include
68. 3:12all those factors and sober all fees
69. 3:14execution fees overnight fees so all
70. 3:17those plus together will be equal about
71. 3:19one hundred to one hundred thousand
72. 3:22dollar ish on the overall charging so
73. 3:25come out in the day about two hundred
74. 3:27fifty thousand dollars a month if you
75. 3:30are with trade zero you have to
76. 3:31definitely include all those factors in
77. 3:34charity broker interactive does really
78. 3:38cheap commissions but they don't really
79. 3:41have a good barrel I'll interact your
80. 3:43broker it's probably really hard find
81. 3:45shirts to show around those hard to
82. 3:47power stocks now etrade are really good
83. 3:49for hard to borrow if they're the flow
84. 3:52is around ten to Tony billion ish ten
85. 3:56million or above sure traders they're
86. 3:58good cobra traders cope are trading
87. 4:02they're good a lot of times I risk my
88. 4:04barrel fees because I didn't make my
89. 4:07criteria and end up wasting a lot of
90. 4:09money on those shares as a beginner
91. 4:12early 2016 and I started with really
92. 4:15small amount of money in the barrel fees
93. 4:16will be around $1,000 to $3,000
94. 4:20and on the benefit sighs I can earn
95. 4:25about 20,000 to 30,000 dollars per month
96. 4:28so the barrel fees and overnight fees
97. 4:31will equal about 30% of your profit
98. 4:34sometimes 20 to 25% with trade zero will
99. 4:37probably equal about 30 percent or
100. 4:39process of your profit so make sure to
101. 4:41choose the right broker before you go in
102. 4:45with your strategy because all those big
103. 4:48commissions and borrow fees will play a
104. 4:51big factor of your net profit it seems
105. 4:53really small at the beginning but end of
106. 4:56the day I realize all those things play
107. 4:58a big factor and the day you realize you
108. 5:00are paying a lot of money to those
109. 5:02brokers so for my personal opinion I
110. 5:05would say trigger could if you're a
111. 5:08really skilled trader you can make about
112. 5:10one to two million dollars you put in
113. 5:13stock I think the maximum cap you can
114. 5:15make it round five million dollars to
115. 5:17ten million dollars on Penny Stocks per
116. 5:19year I'm not at that level yet I'm
117. 5:23trying to be at that level and also in
118. 5:27trading you can experience your masters
119. 5:29as well so if you're winning that's fine
120. 5:32you're paying thirty percent twenty
121. 5:33percent overall commissions to the
122. 5:35broker
123. 5:36like you're losing then you're have to
124. 5:39count that as well because commissions
125. 5:41and fees are overnight fees will add
126. 5:43extra on your lose amount before you
127. 5:46jump in in day trading full-time you
128. 5:49have to fully consider all those factors
129. 5:51with your strategies with your brokers
130. 5:54with your Commission's with your net
131. 5:56profit what's your average gain and you
132. 5:58also have the statistics that how many
133. 6:01times does the strategy happens per year
134. 6:03so you can generally calculate what's
135. 6:06the average gain of the entire year if
136. 6:09the strategy follow those statistics so
137. 6:12that's a really important thing that
138. 6:13before jump into your full time on day
139. 6:16trading now as a beginner I will suggest
140. 6:18doing this as part time trying to figure
141. 6:20out what strategy when I focus on two
142. 6:22new figures out what broker fits you the
143. 6:24best
144. 6:25if you're going long just choosing
145. 6:26target broker I forego in short to
146. 6:29center point or trader or
147. 6:31Cobar trading whatever fits the best for
148. 6:34you there's a lot of stuff going into it
149. 6:37so because people in this sector people
150. 6:39are looking to get rich quick they're
151. 6:41looking to really have to eagerly jump
152. 6:44into it but it's not like that
153. 6:47everything has to take into a
154. 6:48consideration because that's how I made
155. 6:51the mistakes earlier because I didn't
156. 6:53count all those commissions how much
157. 6:57percentage that took off of my net
158. 7:00profit and that year plus commissions
159. 7:03plus to the broker and tax I basically
160. 7:06get around left like 30% to 40% of my
161. 7:10profit but he's still a lot and in day
162. 7:14trading that opportunity comes to you
163. 7:18you don't come to the opportunity so you
164. 7:20don't have a really passive income so
165. 7:23aggressive income because you are
166. 7:24catching the opportunities so as a
167. 7:26beginner I suggest to have an hour job
168. 7:30and take about a year to try to figure
169. 7:34out why you were trying to do to figure
170. 7:36out the strategies I think back in the
171. 7:382016 I was young I have nothing to lose
172. 7:40and I just basically went oh and I don't
173. 7:44think that was a really good idea
174. 7:46because a lot of people actually failed
175. 7:49into this industry so if you're looking
176. 7:51to get into the sector start slowly
177. 7:54figure out strategies brokers and all
178. 7:58the cost that goes into this full time
179. 8:03studying and how do you execute in your
180. 8:06strategies at last I hope this video is
181. 8:10helpful all my strategies are based on
182. 8:12shorting and go 80% short 20% long and
183. 8:17those are my personal statistics for
184. 8:20myself that fits my own strategies if
185. 8:23you're looking to learn more about my
186. 8:25strategy click the link below but it
187. 8:26will take you and explain you the detail
188. 8:28my strategies and I hope this video
189. 8:30helps and you guys have a great holiday
190. 8:40[Music]
191. 8:47you