What's it like from being broke to a millionaire? (100K SUB SPECIAL THANKYOU!) — Transcript

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1. 0:03what's up guys - inductors so this video
2. 0:05is very dedicated that you thank you
3. 0:09guys for supporting me to 100k
4. 0:11subscribers we'll be giving out a lot of
5. 0:15trading because a lot of you are asking
6. 0:16for it so the live webinar will become
7. 0:19pretty free and just make sure subscribe
8. 0:22to our email list and we'll be sending
9. 0:23out an email give you a link to click
10. 0:25and what they will be on so click the
11. 0:27link below and the LaBarbera will
12. 0:29probably around next week or maybe next
13. 0:31next week I'll try to get the dates next
14. 0:33week so maybe we can catch a lot of
15. 0:34trade or I can't answer you get some
16. 0:36questions
17. 0:37our Christmas sales going on starting
18. 0:38from now make sure grabber conference
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20. 0:42sale we should grab a chance and this
21. 0:44get into today's topic so the most to
22. 0:47frequent question I get asked is how's
23. 0:49it be like to be him from a college
24. 0:50student to make a multi million dollars
25. 0:52per year what's the minimum dollar to
26. 0:54start before jumping into the stock
27. 0:56industry and today I'm gonna go over to
28. 0:58all those two questions and what did I
29. 1:00gain what they were sacrificed so let's
30. 1:02get back from the very beginning so back
31. 1:03in about 3 to 4 years ago I was majoring
32. 1:05in environmental engineering and
33. 1:08chemical engineering so I was taking
34. 1:09about 17 credit hours per semester also
35. 1:12working at a night shift English who
36. 1:15war-torn so basically I have to work
37. 1:17about 6 hours a day well five days a
38. 1:19week and from 12 a.m. to 6 a.m. and make
39. 1:22about $50 per night and depends about
40. 1:25the nights I make anywhere between 300
41. 1:28to 400 per day no I make 300 to 400 per
42. 1:33week so I was using not about money to
43. 1:36save as much as I can and I really want
44. 1:39to get out of that well college life
45. 1:41because my sleep schedules all screwed
46. 1:43up and I do not want living the same
47. 1:46life that for the rest of four years
48. 1:48before I graduate so I started looking
49. 1:51into different industries to looking
50. 1:52into what type of investment can do to
51. 1:54really aggressively grow my accounts I
52. 1:56looked up into really start looked about
53. 1:58in stock market and up for real estate
54. 2:02you need a good credit well first second
55. 2:04you have to be able to communicate at
56. 2:06that time i english was pretty bad right
57. 2:09now still bad but better than before so
58. 2:11i couldn't really communicate that well
59. 2:13be
60. 2:14where I make the deal happen so I got
61. 2:16rid of that so for SAP market I want
62. 2:18something that only based on technical
63. 2:20analysis instead of fundamental because
64. 2:21I do not want to read the whole type of
65. 2:24you know long documents to figure out
66. 2:26which one I should really be able to
67. 2:28invest event wait for five years and ten
68. 2:31years and to make it grow fifty percent
69. 2:34100 percent because it's not really
70. 2:36aggressive recorder account I'll do it
71. 2:38for so long I want something that I can
72. 2:40put time into it looking for aggressive
73. 2:42short-term investment so I jumped into
74. 2:45this thing called a penny stock or micro
75. 2:47cap stocks whatever you want to call it
76. 2:49I typically trade stocks at under five
77. 2:51dollars sometimes I trade around 10 20
78. 2:53or sometimes 70 so it's not really in
79. 2:56that same industry because mid cap or
80. 2:59arch Chow I trade pretty much of and
81. 3:01just depends on the frequency how many
82. 3:04times I place a trade on different
83. 3:06market cap zones initially I started to
84. 3:08trade ETFs that's my first approach to
85. 3:10the stock market then now started
86. 3:12looking for daily averages what if the
87. 3:14stock have a average going up and down
88. 3:16rate every single day let's say the
89. 3:18stock maximum gain will be 15 percent
90. 3:20maximum Alice's would be 15% because ETF
91. 3:23is not like printing so we are not going
92. 3:25to drop to zero so there's gonna be
93. 3:27average bouncing back and forth to rate
94. 3:29now every time it goes off the rate
95. 3:31let's say today you went up 20% that
96. 3:34means it's going 5% above the average
97. 3:36okay I'm gonna go against it which means
98. 3:38I'm going to short it because he's
99. 3:40bouncing off the daily range now let's
100. 3:42say today lost 50% day I'm going to buy
101. 3:45it well today lost about 20% names
102. 3:485% of the daily range which means I'm
103. 3:51going to buy and that worked out really
104. 3:53well and that did try to trade that
105. 3:56above method forward almost two months
106. 3:59and made a thousand bucks just by using
107. 4:01the technical analysis and also lost a
108. 4:04thousand but based on my emotions at the
109. 4:06beginning I do not really know how to
110. 4:08really control my emotion because when I
111. 4:10lose money I don't really think
112. 4:11rationally I think about what I'll need
113. 4:13to make this money back because it just
114. 4:15lost it today if I make it back I feel
115. 4:17better I want to stay green every single
116. 4:19day but it's not possible for a stock
117. 4:21market you have to wait for opportunity
118. 4:23comes to you but that time I do not
119. 4:25understand that type of wall psychology
120. 4:27of how to really supposed to trade the
121. 4:31market I lasted nine thousand bucks and
122. 4:33they carted pretty much even now think
123. 4:35about what I should change my method
124. 4:37into probably different industry or you
125. 4:40know I made the mistakes and I know how
126. 4:43I made the mistakes and I was looking
127. 4:45for more aggressive gains instead of
128. 4:47picking thousand bucks in two month and
129. 4:49losing the other blocks in tomorrow so I
130. 4:51jumped into as you guys know micro cap
131. 4:54stocks or mid cap stocks
132. 4:57now my first proach will be a little bit
133. 5:00different because I want to know okay
134. 5:01what's the general statistics for all
135. 5:03those pending stocks that's out there
136. 5:06because hanging socks in out like ETFs
137. 5:08they can drop a hundred percent in your
138. 5:10day they can gain a thousand were
139. 5:11sitting out there you never know it's
140. 5:13not settled bouncing range because ETFs
141. 5:15never just straight drop to zero and
142. 5:17getting about 100 percent a day that's
143. 5:19very very rare now for pending stocks
144. 5:21it's pretty much everywhere it you never
145. 5:24notice I was going to hop a thousand
146. 5:26percent to that are singing a day and
147. 5:28you don't know which stock you don't
148. 5:29know how is supposed to make the action
149. 5:31and I don't have a general statistics so
150. 5:34at that time I was a very motivated to
151. 5:36get off out of the you know the college
152. 5:39life and they start tracking massive
153. 5:41statistics everywhere any type of
154. 5:43tickers that involves full market cap
155. 5:47and volatility so I was tracking every
156. 5:51tickers that was going up 20 percent 50
157. 5:53percent 100 percent and no track in two
158. 5:56different time zones so 9 to 11 11 to 2
159. 6:002 to 4 because now I found out 9 to 11
160. 6:04to behind to or for those two time zones
161. 6:06are most active time zone now when I
162. 6:09want to pick the most efficient timing
163. 6:12for my cabs or mid-cap stocks it's in
164. 6:14here between 9:30 to 10:30 so the first
165. 6:18an hour over the market open it's where
166. 6:20you can make the most money
167. 6:22now not all people are thinking about
168. 6:23what we should go full time for trading
169. 6:25stocks the answer is you don't
170. 6:27I trade pretty much part-time now I
171. 6:30spend about first an hour to trade and
172. 6:33also for now I teach people how to trade
173. 6:36in a live webinar and sometimes it gets
174. 6:39busy then I have
175. 6:40to sale for all day but most of the time
176. 6:4245 minutes to an hour is what you should
177. 6:45spend just to trade my recap sales
178. 6:48remain cap stocks you do not need to
179. 6:49spend a long time sitting in a chair and
180. 6:52do nothing
181. 6:53so how do you become ended if you want
182. 6:56to just jump into this industry always
183. 6:58start part-time and use the part-time as
184. 7:00a revenge to be able to more tracks
185. 7:02artistics learn the fundamentals during
186. 7:04technical analysis during the patterns
187. 7:06and all that and that's I think it's one
188. 7:08of the most important suggestions that
189. 7:10would suggest for a beginner to do that
190. 7:12so a lot of people also ask me what did
191. 7:16you sacrifice on your college life well
192. 7:18so basically I spend about 10 hours a
193. 7:20day 10 hours a day 365 days pretty much
194. 7:25no break and how did that still don't
195. 7:27take breaks and there was an earning
196. 7:28patterns drawing pictures on the wall
197. 7:30putting them on the wall and looking my
198. 7:33Celso psychopathic because people think
199. 7:35else with Jake crazy about learning
200. 7:37stocks and after a year and a half I
201. 7:39build my edge if you'll my statistics
202. 7:41that build my database and start really
203. 7:43profiting so initially I only have about
204. 7:46one or two patters I was already
205. 7:47profiting massively they're adding more
206. 7:50patterns I was pretty much getting to I
207. 7:53think the maximum of you can profit from
208. 7:55article caps were mid cap stocks just
209. 7:58using my capital so in conclusion I
210. 8:01pretty much sacrifice all the party life
211. 8:03also lack of study time for school as
212. 8:06well and that's a very important thing
213. 8:08as well I'll use my class time to study
214. 8:11use shower time to study use cooking
215. 8:13time to study using pretty much every
216. 8:16time you can get listening Bluetooth in
217. 8:17the car trying to study for the market
218. 8:19so everything takes practice it's like a
219. 8:22sports you don't become the pearl this
220. 8:24sports or become you later sports it
221. 8:25takes years to get there if you want to
222. 8:28speed it up do you just have to practice
223. 8:29more I just have to know more and you
224. 8:33know learn from other people and all the
225. 8:35general practice buy your own because
226. 8:37the best thing can earn is trying
227. 8:39yourself and from other people mistakes
228. 8:41now the method of ha studied is I pulled
229. 8:44out every single big traders and
230. 8:46mistakes and they started to analysis
231. 8:48how they really made the mistakes and
232. 8:50how what they're thinking before they
233. 8:52make the mistakes
234. 8:53number one number two using that based
235. 8:56on your own build statistics to really
236. 8:59generate an edge and how your pattern
237. 9:02can avoid all those big mistakes that
238. 9:04they made just to make sure they don't
239. 9:06happen on you before jumping into this
240. 9:09industry you can study my mistakes you
241. 9:11can study other people mistakes and pull
242. 9:13them out together try to go back to the
243. 9:16time that before they made the trade and
244. 9:18what they're thinking what's your plan
245. 9:20trying to simulate the same situation
246. 9:22again that's one of the big factors that
247. 9:24I used to study after that I started
248. 9:27making nine hundred thousand million per
249. 9:29year or two million per year and three
250. 9:31million per year over well people think
251. 9:33money can change a person I don't think
252. 9:35he changed me so you have the freedom to
253. 9:37buy whatever you want let's say I love
254. 9:39cars and about cars the get tired of
255. 9:42them eventually by the end of the day
256. 9:44it's where your passion is like what do
257. 9:47you want for your life and their love
258. 9:48trading I will keep trading for most of
259. 9:50my life and I love cars I would probably
260. 9:53buy cars and just to have fun with them
261. 9:55and a lot pretty videogames I still play
262. 9:58video games today I think one of the
263. 10:03most important lessons that stock market
264. 10:05really teaches you how to become a
265. 10:07humper person because whenever you get a
266. 10:09big ego the stock market will instant
267. 10:11shot you down and I think you hear this
268. 10:14before your biggest losses come from
269. 10:16your biggest game right after a biggest
270. 10:17game because when you have a biggest one
271. 10:20you are having so much equal you wanna
272. 10:22make more money and you're thinking
273. 10:23about bigger futures that's where you
274. 10:26lose your guard and like one of the
275. 10:29trick really catches you off guard
276. 10:31that's where you make the huge mistakes
277. 10:33and I did that multiple times pretty
278. 10:35much up still doing it right now when
279. 10:37you are in the market well I'm talking
280. 10:39about just you're a trader a retail
281. 10:41trader you have to stay as humble as
282. 10:43possible pretty much in every aspect of
283. 10:45your life so next thing I'll talk about
284. 10:47is a lot of people asking what's the
285. 10:49minimum minimum minimum money to really
286. 10:51well start off as I said you don't have
287. 10:53to start trade right away you're gonna
288. 10:55start with a few hundred bucks
289. 10:57lotta brokers don't really accept really
290. 11:00low capitals you need at least about
291. 11:023,000 just start asking
292. 11:04that I know for short selling and for
293. 11:06cooling lawn can start whatever you want
294. 11:08you can start with $300 you can start
295. 11:09with $200 or whatever you want to do and
296. 11:11a lot of people are also asking a lot of
297. 11:15courses are very expensive out there so
298. 11:17my personal personal experience I spent
299. 11:19about initially twenty thousand just by
300. 11:23purchasing all the courses out there
301. 11:24online and trying to pick up as much
302. 11:27knowledge as possible some of them just
303. 11:29wasted some of them just so much both
304. 11:32there's so much Rambo some of it
305. 11:33well it's good and you are going to
306. 11:36waste money on all those different
307. 11:38courses out there and as you can hear
308. 11:42about me talking about it is I don't
309. 11:44really like that I don't like rainbows I
310. 11:46just go straight to the point in my
311. 11:48perspective a lot of people know this
312. 11:50the more you learn the less mistakes you
313. 11:52make and a lot of people just want to
314. 11:55jump into this industry and it's
315. 11:57expecting making twenty thousand fifty
316. 11:59thousand a hundred thousand right away
317. 12:01because sometimes people that think like
318. 12:03that you will get lucky pretty much the
319. 12:06first time or second time but you won't
320. 12:08get lucky in a long term the mistakes
321. 12:11that cost you will cause way much time
322. 12:14what do you have learned from if you
323. 12:17didn't try to learn as much as possible
324. 12:19you don't internet in the books or
325. 12:21whatever courses again and that's the
326. 12:23reason why the beginning I don't really
327. 12:25mind that's been that much money on it
328. 12:28but some of the courses out there are
329. 12:30completely 100% of the post oh so that's
330. 12:33the most two important things I want
331. 12:35already share about it in this video so
332. 12:37hopefully you enjoyed it and the for new
333. 12:39beginners hopefully these tips are
334. 12:41helpful for platforms are already talked
335. 12:43about last video and live webinar coming
336. 12:46soon so make sure click the email below
337. 12:48register your email there and we'll be
338. 12:50sending an email giving a live webinar
339. 12:52so the lab open are either it's going to
340. 12:53be on YouTube or zoom we'll be sending
341. 12:55an email about exact time and what we
342. 12:59can Q supposed to click and so that's it
343. 13:01and thank you very much for supporting
344. 13:03me almost two years in this view tube
345. 13:04channel so smash the like button and I
346. 13:10will see you guys next video alright
347. 13:13across the border
348. 13:19[Music]
349. 13:24hey I'm getting out hell no
350. 13:27[Music]