New Year Trader Resolution by Steven Dux — Transcript

Full transcript

1. 0:01[Music]
2. 0:04on top of YouTube Stephen ducks here so
3. 0:07today I'm gonna talk about my 2020 goals
4. 0:09so first as a trader if you know how the
5. 0:11industry works typically day trading
6. 0:12makes that I purchase the mounting which
7. 0:14is very fast short return and you make
8. 0:17about no twenty thousand thirty thousand
9. 0:19a day if I sometimes you don't really
10. 0:20make a trade at all
11. 0:22[Music]
12. 0:26so for that I think it's considered as
13. 0:29aggressive income now in Tony Tony I'm
14. 0:31looking for in a more passive income so
15. 0:33I just got into real estate I don't
16. 0:35really know how it works but still
17. 0:37trying to learn more I'm gonna be honest
18. 0:39about it and different regions do have
19. 0:42different our live which is the return
20. 0:44of an investment now most of investment
21. 0:47in return will be anywhere between a 10%
22. 0:50to 12% if you find a good property of it
23. 0:52I'm trying to get into this real estate
24. 0:54game if you guys have any suggestions
25. 0:56and open to any type of advice to start
26. 0:59as a beginner
27. 1:02but I'm also learning that I can use
28. 1:04loans as a revenge which is the same
29. 1:07concept to using leverage in the stock
30. 1:09market I know the losing leverage in the
31. 1:11market will be very very dangerous is
32. 1:13because you are betting bigger and your
33. 1:15risk will be bigger if it goes to
34. 1:17opposite ends to go very wrong about it
35. 1:19now in real estate it's pretty much a
36. 1:21very steady income can really see the
37. 1:24history of the behavior of how much it
38. 1:26trying to return on these specific
39. 1:27properties and you can use that
40. 1:30basically leverage and buy more
41. 1:33properties in the future so for example
42. 1:35if you have about $1,000,000 worth of
43. 1:38properties and you can put 15 20% down
44. 1:42so that's about 200k being gone you
45. 1:44still have 800 K left you can use our
46. 1:47800 K to purchase more properties put in
47. 1:4915-20 percent down so if you have 1
48. 1:52minute our cash flow as my understanding
49. 1:54you can leverage about you know to the 4
50. 1:56depends on you know how your credit
51. 1:59score is once you leverage that money
52. 2:00you can buy multiple properties to
53. 2:02increase the percentage of a returned by
54. 2:04each properties but you have to pay back
55. 2:06the interest and dealing with tenants
56. 2:08and hire a real estate agent help you to
57. 2:11deal with all those documents and
58. 2:13sometimes it can manage your tenants as
59. 2:16well so it will be a lot of headache but
60. 2:18if you know how it really works I think
61. 2:20it could be a really good passive income
62. 2:22as my understanding of it and you don't
63. 2:24have to give that much time about as
64. 2:26well number 2 at the same thing we all
65. 2:28are looking to improve from our training
66. 2:30performances from me I think you can
67. 2:32learn something about how to really
68. 2:34improve your trading performances every
69. 2:36time after I finish a year I will go
70. 2:38back into every single month and find
71. 2:41the monthly statements to really pull
72. 2:42out the trades every single trade that
73. 2:44and made a huge mistake song doesn't
74. 2:46matter how much loss you taking astray
75. 2:48is you need to figure it out why did you
76. 2:51take this trade and how can you be able
77. 2:53to avoid in the future sometimes when
78. 2:55I'm taking random trades and that take
79. 2:5820 K 10 K losses and I don't really know
80. 3:01why I did this trade is because when do
81. 3:03I have FOMO or what is going on if you
82. 3:05figure out the trade you are doing more
83. 3:08formal trade and you can add the formal
84. 3:10trade together you will be a huge number
85. 3:15really
86. 3:17a few moments later do you know where am
87. 3:22I in this case that I will polar all the
88. 3:25mistakes that was same type of mistakes
89. 3:27and add them together so eventually I
90. 3:29will be able to see those two sheets and
91. 3:31let's say fear of missing out I lost 100
92. 3:34K just making random trade then I'll
93. 3:36start 200 K because when you're trying
94. 3:39to learn to improve your trading
95. 3:41performances you need to eliminate every
96. 3:43single small mistake as well because
97. 3:45after a year all those 1 to 20 30
98. 3:49mistakes they add them together and
99. 3:51what's your biggest profit and how can
100. 3:53you be able to make more profit out of
101. 3:55it so last thing I want to do is nobody
102. 3:58have been written down before is a
103. 4:00specific AEI system platform that could
104. 4:03recognize patterns all of all stocks
105. 4:06that was being traded on that day and
106. 4:08this is like one of the new ideas I want
107. 4:10to do and let me know if you guys have
108. 4:12any suggestion about it I think it would
109. 4:14be a really good idea just for beginners
110. 4:15to really try it out how the pattern
111. 4:17works and why they work at the beginning
112. 4:20of from 2014 to 2015 I don't have that
113. 4:23much knowledge about stock market and
114. 4:26I'd learned up whole buncha patterns and
115. 4:28when the market opens I don't know which
116. 4:30one to look for if a platform can filter
117. 4:32it out you know that specific indicator
118. 4:34you look for then it could be much
119. 4:36easier to process and to help you make
120. 4:39better trade let's say on top person
121. 4:41generally look for there's about 20 30
122. 4:45tickers that can be potentially traded I
123. 4:47had to go back into all those 30 tickers
124. 4:50and try to pull out every single and now
125. 4:52you're retired to find out which ones
126. 4:54overextended and the bonds supposed to
127. 4:56be increasing while the first ready
128. 4:58appears consistent increasing at least
129. 5:0110% per day consistent vow increasing
130. 5:0410% a day and have to go into those 30
131. 5:07tickers and look for every single one of
132. 5:09them it takes about know 30 minutes to
133. 5:11go over that as a beginner because I
134. 5:13don't know what I'm doing and I'm not
135. 5:15very familiar with the pattern you will
136. 5:16take a whole lot of time to really find
137. 5:19the one that fits me you know the
138. 5:21so once I find the correct criteria and
139. 5:24the pattern is already finished I
140. 5:25couldn't really make me any profits
141. 5:27outlet because it'd take too much time
142. 5:29to figure it out which one works if
143. 5:31which one doesn't
144. 5:32I think this pattern will be useful for
145. 5:34you know beginners or people who are
146. 5:35trading learning couple month or a
147. 5:36couple years and you can develop your
148. 5:40own strategy and put into the property
149. 5:42to help you look for some type of stuff
150. 5:45like that or you can just build your
151. 5:47pattern into the platform let's say
152. 5:49first red day or person gap down now
153. 5:51today I'm going to look for in our first
154. 5:52reading gap down I would have the
155. 5:55platform use those criteria to filter
156. 5:57out all the stocks out there in a sec or
157. 5:59numeric exchange they will tell you okay
158. 6:01and those two our first writer tells you
159. 6:03those two hours in gap down so be very
160. 6:05very easy for me to know fast react if
161. 6:08there's a couple fast bikes and we'll be
162. 6:10able to recognize a pattern much faster
163. 6:12compared to you know other retail trader
164. 6:14out there and that could give me a
165. 6:17better risk reward just by and finding
166. 6:19pattern faster than them so that is one
167. 6:21of the AR system slash platform when a
168. 6:23developer you have any suggestions or
169. 6:24advice any me know and we're also
170. 6:26launching a conference during march 28th
171. 6:2829th and 30th in new york manhattan so
172. 6:31if you're interested if you're a
173. 6:32beginner or you know you're trading for
174. 6:34a few years it would be really good for
175. 6:36you to really learn about trading
176. 6:38environment and watch me live trade and
177. 6:40a lot of people are asking me Stephen
178. 6:42please do a lot of trading
179. 6:43I do a lot of trade all the time I do I
180. 6:44laughter every single pretty much every
181. 6:46single day from my student and also I
182. 6:48did a lot of trade that made twenty six
183. 6:51thousand I think twenty four twenty six
184. 6:53thousand in front of all the audience
185. 6:54out there in a conference last time and
186. 6:57in addition we're also giving out free
187. 6:59webinar for potential laughter that's
188. 7:01what if you can find one on a specific
189. 7:03day if you want to really watch me live
190. 7:06trade them sign up in email with us and
191. 7:08we'll send you a specific day we can
192. 7:10live trade man can come to the
193. 7:12conference and we'll be giving out now
194. 7:14new adjusted patterns and new things for
195. 7:17you to learn and what to look for you
196. 7:19know in 2020 2021
197. 7:21so yeah I'll be end of the video so
198. 7:23thank you very much and hopefully you
199. 7:25have a goal for yourself for 2020
200. 7:27let's stay motivated and let's stay
201. 7:29let's stay in what we did it right
202. 7:32motive let's stay motivated and I'll see
203. 7:35you guys next video
204. 7:44[Music]