Why I Am Retiring From Full-Time Day Trading — Transcript

Full transcript

1. 0:00what's up everyone Jack hug here I have
2. 0:02a very interesting topic to talk about
3. 0:05today as you can see on my screen
4. 0:07retiring from full-time day trading uh
5. 0:11day trading something that I've done for
6. 0:13the last seven full years this is my
7. 0:16eighth year since the beginning of 2017
8. 0:19on to my eth year and I'm going to make
9. 0:22some serious changes in my trading this
10. 0:25year and in my entire thought process
11. 0:28behind the market um this doesn't mean
12. 0:30that I'm never going to place a trade
13. 0:32again this doesn't mean that I'm
14. 0:34completely done with it 100% but this
15. 0:36just means that I'm totally changing who
16. 0:40I am as a Trader and who and who I want
17. 0:42to be I don't want to be the full-time
18. 0:44Trader who's sitting there all day
19. 0:46grinding every single day to make money
20. 0:49especially in this market so let's just
21. 0:51get right into
22. 0:55it so something I want to talk to you
23. 0:58guys about is what
24. 1:00were your goals before you started
25. 1:02trading versus once you already become a
26. 1:04consistently profitable Trader so I know
27. 1:08this is a few goals that I had when I
28. 1:10first started trading and really the
29. 1:12main goal that I had was just to be my
30. 1:14own boss right I wanted to control my
31. 1:18own time I wanted to control how much
32. 1:20money that I could possibly make I
33. 1:21didn't want to cap I didn't want to have
34. 1:23to wake up early driving to work I
35. 1:25didn't want to have someone boss me
36. 1:27around and tell me what to do I wanted
37. 1:29to be myself because I have not had good
38. 1:32experiences with bosses in the past um
39. 1:35when I was doing my valet job and and
40. 1:37other various jobs like
41. 1:39that everyone just uh really treats you
42. 1:43really poor if you that underman you
43. 1:45know what I mean um so I wanted to be my
44. 1:47own boss and I wanted to earn enough
45. 1:50money to buy materialistic desires
46. 1:54including cars
47. 1:55watches um you spending money on
48. 1:58traveling food in and various other
49. 2:00things right
50. 2:03um and then I wanted to uh trade to live
51. 2:06you know what I mean I wanted to be able
52. 2:07to take advantage of my life and not
53. 2:09have to work um a 9
54. 2:13to-5 and just continue to do that year
55. 2:15after year after year till I'm 62 or 65
56. 2:18I don't know what the retirement age is
57. 2:19so that's also not something that I
58. 2:22wanted to do trade for my family
59. 2:24security I wanted to make sure that my
60. 2:27family um doesn't have to worry
61. 2:30about about money about paying the next
62. 2:33Bills and create uh Financial Freedom
63. 2:36for myself and my family so we don't
64. 2:39have to worry about uh that kind of of
65. 2:42money
66. 2:43stress and as you can see the the verse
67. 2:47here and as you become consistently
68. 2:49profitable it's very easy to fall into
69. 2:51this trap of your only goal is to make
70. 2:54more money more money more money more
71. 2:56money more money more money and before
72. 2:58you know it all the things that you got
73. 3:02into trading for you take for granted
74. 3:04how many times you guys are all Traders
75. 3:06how many times do you take a second to
76. 3:08appreciate you're Your Own Boss how many
77. 3:10times do you really do that how many
78. 3:11times do you um appreciate all the
79. 3:15little things that trading and this
80. 3:17lifestyle gives you and I think the
81. 3:19answer for for me and for a lot of you
82. 3:22guys as well is that um you forget all
83. 3:25this stuff and the only thing you're
84. 3:26focused on is how much money can I make
85. 3:28because reading is a very uh addictive
86. 3:31and dopamine I don't know if that's a
87. 3:34word game where you're just fueling your
88. 3:37dopamine over and over and over and over
89. 3:39again and it's very has a ton of
90. 3:42adrenaline as well um at least the style
91. 3:45of trading that I do I know there's some
92. 3:46Traders out there that have systems and
93. 3:48they're systematic and they have a
94. 3:50process I'm talking about fully
95. 3:52discretionary trading where you're
96. 3:54making your own decision um you're
97. 3:56sizing in maybe where you shouldn't you
98. 3:57shouldn't necessarily be you're trying
99. 3:59to get out of trades you're trying to
100. 4:00maximize your winner minimize your
101. 4:02losers uh and all that kind of stuff
102. 4:05so moving on to the risk of trading
103. 4:08right um let me kind of come back to the
104. 4:11slide let me let me go to this slide
105. 4:13first so the more you make the more risk
106. 4:16that you have right here I have um 0 to
107. 4:2130k right and if you have 30k you could
108. 4:25only lose 30k right I mean you can
109. 4:27technically go into debt to your
110. 4:29brokerage if you're using leverage but
111. 4:31um you know I'm not going to get into
112. 4:34that don't recommend using that doing
113. 4:36that um and then as you as you have
114. 4:40300,000 you know your risk is
115. 4:42essentially a lot more um because you
116. 4:45can lose all 300K and you're taking
117. 4:46bigger positions and then once you have
118. 4:49uh $3
119. 4:50million you can lose even more and that
120. 4:55weight of risk uh becomes substantially
121. 4:59inefficient in my opinion and not a lot
122. 5:01of people talk about this um like if you
123. 5:04lose 30k it's not going to change your
124. 5:06life 30k is not that much money of
125. 5:10course 30k is a decent amount of money
126. 5:13um it's it's a healthy amount but if you
127. 5:16lose 3 million and you have 3 million
128. 5:19that's going to severely affect you a
129. 5:21lot more than if you have 30k and you
130. 5:22lose 30k so the more that you make the
131. 5:26more risk you essentially have to
132. 5:28yourself
133. 5:30and then this this as well right I want
134. 5:32people to understand the percentag of
135. 5:34money right so if you have 30k to make
136. 5:37300% that's relatively easy think about
137. 5:40the number of traders that have already
138. 5:42done that right there's so many traders
139. 5:43that are out there that have been able
140. 5:45to achieve this and then to make 300K
141. 5:48300% on 300K that's also relatively
142. 5:51pretty easy and a lot of Traders have
143. 5:53done that but once you get up to making
144. 5:55multiple millions of dollars to expect
145. 5:57to make 300 or ,000 % like you did on
146. 6:00your initial 30k it becomes
147. 6:02substantially harder and it has um a ton
148. 6:06of more risk and one thing that you got
149. 6:08to remember is it only takes one 100%
150. 6:12loss no matter how much money you have
151. 6:14to wipe yourself completely out if you
152. 6:16have 30k you lose 100% you're at zero if
153. 6:18you have 3 million you lose 100% you're
154. 6:19at zero but to grow that 30k into 3
155. 6:23million um it takes a lot of work and it
156. 6:26takes a lot of percentages
157. 6:28compounded
158. 6:30so getting back into the risk of trading
159. 6:32these are some stocks that have happened
160. 6:35within the last two years of 2022 in
161. 6:382023 um they all were major short
162. 6:42squeezes and they all took out a
163. 6:45substantial amount of Traders I see many
164. 6:48people losing um millions of dollars
165. 6:51losing their entire accounts on these
166. 6:53stocks
167. 6:55and short selling is super super super
168. 6:58risky and doing this is just not
169. 7:01something that I ever want to partake in
170. 7:05um no matter the amount of possible
171. 7:07money is is all these stocks are going
172. 7:09to zero right or close to zero um so
173. 7:13everybody knows that it's it's a short
174. 7:18and it doesn't matter if it's eventually
175. 7:20going to zero because the risk of a
176. 7:21potential squeeze and losing hundreds or
177. 7:24thousands of percent is so high that any
178. 7:27money that you can make on the downside
179. 7:28is not worth it and it's proven time and
180. 7:30time and time again to blow up traders
181. 7:33to blow up short sellers to blow up
182. 7:35people that trade my type of Niche so
183. 7:39for me this is something that I will
184. 7:40never be trading
185. 7:45again and just to um something that a
186. 7:48lot of people have to realize that
187. 7:49nobody talks about right more money
188. 7:51equals more stress equals more decisions
189. 7:54equals harder to grow your capital and
190. 7:56as you make more and more money it's
191. 7:58going to become come way more stressful
192. 8:01and not a lot of people uh talk about
193. 8:03this a lot of people also say that you
194. 8:05know when I got into trading I was like
195. 8:07oh the more money the more relaxed in
196. 8:09life that I could be the more chill that
197. 8:11I can be which is a which is the case
198. 8:13but not if you're trading because if
199. 8:15you're trading you have a lot more
200. 8:17potential mistakes to make your swings
201. 8:19are going to be a lot higher uh you're
202. 8:21going to make more you're going to lose
203. 8:22more um you're going to be more mentally
204. 8:24stressed out and you're going to have
205. 8:26that energy just sucked right out of you
206. 8:28into the market and you're not going to
207. 8:30have time for anything else because
208. 8:31you've used all of your stress
209. 8:33mechanisms in your body
210. 8:36to to trade and it's it's basically just
211. 8:40absolute death and I hate it like I I
212. 8:43literally hate trading um a substantial
213. 8:45amount of money especially when the
214. 8:48stocks that I love guys like you have to
215. 8:50get this through your head is my stocks
216. 8:52are OTC stocks over the market uh over
217. 8:55the counter OTC stocks absolutely love
218. 8:58them um I probably wouldn't be making
219. 9:00this video If OTC still existed because
220. 9:02that's where my Edge is and that's what
221. 9:04I grew up trading and that's why I
222. 9:05really love to trade I don't enjoy to
223. 9:07trade Chinese scams I don't enjoy to
224. 9:10trade the overall markets against
225. 9:11billion dollar hedge funds I don't enjoy
226. 9:13to trade small cap whipsaw stocks that
227. 9:17stress you the the hell out because you
228. 9:18never know if they're going to go
229. 9:19thousands of percent against you without
230. 9:20pulling back or if they're going to drop
231. 9:22100% without giving a bounce um and you
232. 9:26never know and you can essentially size
233. 9:28in as much as you want into these stocks
234. 9:30at least there's always a limit usually
235. 9:31on OTC where there's just not enough
236. 9:33volume to get the size that you want uh
237. 9:36so in my opinion the OTC market has a
238. 9:38lot less risk than any of these other
239. 9:41markets because and also a lot more Edge
240. 9:44so it's something that I know I said and
241. 9:48a lot of other Traders said is we hate
242. 9:50small cap stocks we were saying that
243. 9:51three four five years ago um but as the
244. 9:54otc's Disappeared everybody was just
245. 9:56like oh I'll just trade NASDAQ right and
246. 9:58nobody actually is talking about how
247. 10:00shitty it is to trade those type of
248. 10:02stocks nobody is out there saying um how
249. 10:05bad it is everyone just acts like it's
250. 10:06the new norm and it just blows my mind
251. 10:09that all these Traders out there a lot
252. 10:12of traders that I know they don't even
253. 10:14you know mention that they miss OTC they
254. 10:15don't even me mention it they just go
255. 10:17with the flow and it's causing
256. 10:19substantially more stress it's causing
257. 10:21substantially less efficiency less
258. 10:23profits and it's just not fun it's not
259. 10:28enjoyable
260. 10:30so I think a lot of Traders are addicted
261. 10:33to trading 100% addicted and they don't
262. 10:36even realize it or admit it to
263. 10:38themselves so right here I have some uh
264. 10:41things
265. 10:42that of addictive uh personality traits
266. 10:46right so oftentimes when I'm hanging out
267. 10:47with Traders they're always on their
268. 10:49phone they're they're scrolling through
269. 10:50Twitter they're looking at stocks um a
270. 10:53lot of Traders are like alcohol like
271. 10:55they like to party they like to
272. 10:56socialize to relax and they also love to
273. 10:59eat a ton of food and and binge and eat
274. 11:02after a bad loss order a pizza after a
275. 11:04bad loss so right there
276. 11:08um there's three things replacing sexual
277. 11:11partners for a false celles of intimacy
278. 11:13how many Traders out there are buying um
279. 11:16are buying girls out there it's they
280. 11:18have the money for it right it doesn't
281. 11:19matter that's another thing that I've a
282. 11:21ton of people do and pulse spying
283. 11:23excessive shopping another thing that
284. 11:25people are doing that are trading you
285. 11:26know gambling taking bad trades obs
286. 11:29tessing over the market excessive
287. 11:30risk-taking drug use for coping Never
288. 11:33Satisfied feeling or needing more of a
289. 11:34particular feeling that's why you need
290. 11:36to make more more more more more and
291. 11:38iLab to stop using harmful chemicals as
292. 11:41as drugs and ability to curtail other uh
293. 11:44harmful activities right maybe not all
294. 11:46of these things you fall under but if
295. 11:48you have more than 50% of these um
296. 11:53addictive personality traits I would say
297. 11:55that you're probably addicted to trading
298. 11:58and for me I had a lot of these
299. 12:01personality traits um not all of them
300. 12:04but over 50% and I was an addict to
301. 12:09trading and I did it every single day
302. 12:11pretty much for seven years straight to
303. 12:14chase that money to chase making more
304. 12:16and more and more and chasing that
305. 12:18dopamine and um gambling you know what I
306. 12:21mean people it's very easy to fall
307. 12:23addicted to gambling and trading
308. 12:26essentially is gambling it is gambling
309. 12:28with odds and you do have an edge in the
310. 12:30market often times but at the end of the
311. 12:32day it's still gambling and you never
312. 12:33know if you're going to be right or if
313. 12:35you're going to be wrong
314. 12:37100% unless you're cheating with inside
315. 12:39information you know so who really
316. 12:42retires from Trading let me know comment
317. 12:44down below who do you know that's really
318. 12:46retired from Trading I think I can count
319. 12:48on one hand maybe I think I could maybe
320. 12:50count one or two traders that have
321. 12:52really actually retired um from Trading
322. 12:55after making it I know plenty of Traders
323. 12:57out there that are
324. 12:59in their 30s 40s 50s 60s who are still
325. 13:02doing it to this day even though they
326. 13:04have an absurd amount of money and they
327. 13:06don't need any more money they're not
328. 13:08their lives are not going to change
329. 13:10unless there's something unless you want
330. 13:11a private jet or if you want a yacht or
331. 13:14if you want these crazy things that
332. 13:15aren't going to make you happy at the
333. 13:16end of the day anyway um they're chasing
334. 13:20those they're they're cha they keep
335. 13:22chasing chasing chasing chasing chasing
336. 13:24and for me I'm 25 and I can still make a
337. 13:28decision to not be trading full-time uh
338. 13:31from here on out because for me it's not
339. 13:33worth it anymore it's not something that
340. 13:35I'm super passionate about you change as
341. 13:37a person you change your personality as
342. 13:39you grow and as you you start to realize
343. 13:42what's really important and trading for
344. 13:44me that was my entire life in uh 2017 18
345. 13:4819 20 and 21 in the last two years I've
346. 13:51been really working through these bumps
347. 13:53and it's been hard for me to to quit
348. 13:56this addiction of trading and it's it's
349. 13:58been been very very very difficult and
350. 14:00it's very difficult for a lot of other
351. 14:02Traders because as you get better at
352. 14:03trading you get trading friends you get
353. 14:05into this this habit of waking up and
354. 14:07trading every single day
355. 14:10and sometimes you like I said people
356. 14:12just don't realize that they are
357. 14:14addicted they don't realize what their
358. 14:16life could be like without trading um
359. 14:18there's plenty of things to to stay busy
360. 14:21with which I'll get into um in a little
361. 14:24bit and I just wanted to go into nobody
362. 14:26talks about this stuff like there's this
363. 14:28is probably one of the first YouTube
364. 14:30videos um out there that's going to talk
365. 14:32about why I'm retiring how I'm retiring
366. 14:36and um why I think that you guys should
367. 14:39realize that you also are addicted to
368. 14:43trading um how much money do you really
369. 14:45need right this is a question that I
370. 14:47think a lot of people need to ask
371. 14:49themselves like is another 100K 1 mil or
372. 14:5110 mil going to substantially change
373. 14:52your life and think about if all that
374. 14:55time spent on making the money is going
375. 14:58to be worth it or not right and will
376. 15:01missing a trade in the market really
377. 15:03change your life I used to get super
378. 15:05super upset with myself I used to um
379. 15:08jeopardize my health jeopardize my
380. 15:10relationships jeopardize everything in
381. 15:13my life just so I wouldn't miss a trade
382. 15:15and that's that fuel and that's that um
383. 15:18energy you do need to be successful but
384. 15:20you got to be very careful um there's a
385. 15:23very fine line uh with trading and if
386. 15:26you just if you take one Raw step in the
387. 15:30wrong direction everything could crumble
388. 15:32and that's the thing that I want to get
389. 15:33back to once again let's go back to this
390. 15:36this slide it only takes one 100% loss
391. 15:39to lose everything everything could be
392. 15:41gone and living with that constant
393. 15:43stress is not fun it's not enjoyable
394. 15:48um and here's another thing I I often
395. 15:50hear people complain about and people
396. 15:52are always complaining oh if I if I
397. 15:54waited one hour longer to cover I I
398. 15:56would have would have changed my I would
399. 15:57have made a ton more money uh if I if I
400. 15:59just held this stock for three more days
401. 16:01I would have made X Y and Z if I held
402. 16:03this options trade for three more hours
403. 16:05I would have made 20,000% or whatever it
404. 16:07is and my question for you is is that
405. 16:10stress of thinking about um how much
406. 16:16more you could have made really going to
407. 16:18change your life like are any is any
408. 16:21amount of this money going to change
409. 16:22your life and this pressure that you put
410. 16:24on yourself is it going to change your
411. 16:25life let me know down in the comments
412. 16:27below um and then I have just some other
413. 16:31questions to ask yourself will stressing
414. 16:32out change your life yes it will stress
415. 16:34is the worst thing for the body I I've
416. 16:37been stressed out for years years years
417. 16:39years years and it substantially uh
418. 16:43takes a toll on your health and it it
419. 16:45takes a toll on your relationships it
420. 16:47takes a toll on your energy for the day
421. 16:49I remember when I was trading hardcore I
422. 16:51had no energy for anything else waking
423. 16:53up in the middle at 4:00 a.m. to check
424. 16:54quote and it's just not fun like it's
425. 16:58absolute hell um and then I have well
426. 17:00getting into an argument with your
427. 17:02family change your life because of
428. 17:03you're emotionally burnt out you're
429. 17:05stressed out um you don't want to miss
430. 17:07this trade and yes that's something that
431. 17:08will actually change your life right
432. 17:11trading doesn't matter money doesn't
433. 17:12matter of course it matters a little bit
434. 17:14but it's just one building block of of
435. 17:17your life and the mental Capital
436. 17:20drainage will definitely change your
437. 17:22life and it's going to make you not have
438. 17:23the ability to do things that you enjoy
439. 17:25in life it's going to wear you out and
440. 17:27it's going to beat you up and it's
441. 17:29really really just a toxic addiction
442. 17:32that nobody
443. 17:35realizes so I haven't traded um since
444. 17:39early November we're now uh into Jan uh
445. 17:42early January mid January um and it's
446. 17:45approaching two months for me right
447. 17:46around the two months of no trading um
448. 17:49and there was a lot of things that I had
449. 17:51to do within the last two years to
450. 17:53really take this retirement path that I
451. 17:56wanted to take so bad and before for me
452. 17:58it was always I had to do something
453. 18:00crazy I had to go travel um travel the
454. 18:03world go somewhere crazy where the time
455. 18:05zones messed up and I I physically um
456. 18:08I'm so tired that I don't want to trade
457. 18:10um where sometimes I would still find a
458. 18:13way to trade if the opportunity was was
459. 18:15good enough and I couldn't fully detach
460. 18:17and something that I had to do this year
461. 18:19was I had to admit that I'm addicted to
462. 18:20trading I'm straight up I was addicted
463. 18:22to trading and
464. 18:25um I think also another thing that you
465. 18:28subconsciously sometimes a lot of people
466. 18:30have to do is you have to take a loss
467. 18:31and get annoyed from Trading because we
468. 18:33love it as Traders so much we love
469. 18:35trading so without taking a loss um
470. 18:42sometimes sometimes you can't back down
471. 18:45or quit without taking that really
472. 18:47infuriating loss that's going to push
473. 18:49you over the edge and this can be
474. 18:50avoided and I think a lot of people um
475. 18:53should realize this like I realized the
476. 18:56last several months I had just been kind
477. 18:57of trading
478. 18:59and trading kind of to lose you know
479. 19:01what I mean like trading to I didn't
480. 19:03really want to make money because I knew
481. 19:05the money wouldn't change my life
482. 19:06anymore you know what I mean
483. 19:09um there was no amount of money that I
484. 19:12really could have made that I felt like
485. 19:14would have changed my life in any
486. 19:16substantial way uh and really the main
487. 19:19thing that I did was I started slowly
488. 19:21defunding my accounts I had uh seven
489. 19:25multi7 figure account to start the year
490. 19:27and then wired out some for taxes I was
491. 19:29like oh this feels nice keep it going
492. 19:31more and more and more wired out more
493. 19:32and more and more and more and
494. 19:34eventually I just had 100K then 30k and
495. 19:37then I was just like I'm putting it to
496. 19:38zero so the same way that I sized up I
497. 19:41also sized down and now my accounts are
498. 19:43at zero my accounts have been at zero
499. 19:45for two months I haven't wired in I
500. 19:47don't want to wire in um I've somewhat
501. 19:51broken the addiction I think to trading
502. 19:53I haven't had I've been able to watch
503. 19:55the market now without wanting to trade
504. 19:58and if I'm
505. 19:59feeling like I want to trade or if I'm I
506. 20:02have a lot of anxiety filled thoughts on
507. 20:04my mind I'll just Journal I'll write
508. 20:06down uh how I'm feeling or whatever and
509. 20:09I'll I'll write down I don't need to
510. 20:10trade and remind myself all of the
511. 20:13reasons that I just went over of why I
512. 20:17don't want to trade another thing that I
513. 20:19had to do was leave all trading related
514. 20:21discords in chat rooms so it's very hard
515. 20:24to quit when you're seeing opportunity
516. 20:26you're seeing people make money you're
517. 20:27like oh I could have made money there I
518. 20:29could have made money there whatever it
519. 20:31was and it's very easy for those
520. 20:34thoughts to overcome your thoughts of
521. 20:37wanting to quit because your bar your
522. 20:40brain is um your brain has dopamine
523. 20:44receptors and it wants that dopamine
524. 20:46really bad and you're starving it from
525. 20:48that gambling you're starving it from um
526. 20:51giving yourself that sense of
527. 20:52satisfaction of making money and then um
528. 20:55asking close friends and family not to
529. 20:57talk to me about trading I don't want to
530. 20:58know what's going on in the market I
531. 20:59want to take a break I want to um not
532. 21:03think about it
533. 21:06and
534. 21:08um another one was I want to prove
535. 21:10everyone wrong because everyone's like
536. 21:12oh you're a Trader you're just going to
537. 21:13come back oh um yeah okay heard that one
538. 21:16before that you're quitting heard that
539. 21:18one that uh you're retiring before heard
540. 21:20that one that um you're going to do it
541. 21:22whatever and nobody believes you right
542. 21:23because that's the number one uh thing
543. 21:26Traders can't do because you're not
544. 21:28essentially retiring or quitting trading
545. 21:31you're trying to break an addiction
546. 21:33that's the that's actually what's going
547. 21:35on and to break addictions it's very
548. 21:37hard look at all the drug addicts out
549. 21:39there um or whatever other kind of
550. 21:41addictions that that humans have or you
551. 21:43have it's very hard to break especially
552. 21:46one that you've been doing um for seven
553. 21:48years the longer it's taken place the
554. 21:50harder it's going to be to to break
555. 21:52because it's just part of you and your
556. 21:54brain has
557. 21:57um the dopamine receptors like I was
558. 22:00saying and it wants to feed that energy
559. 22:03and it's created these Pathways in your
560. 22:05brain to continue to provide you with
561. 22:07that addiction and it's it wants you to
562. 22:10go back at all costs to to trade and to
563. 22:14uh have this
564. 22:16addiction
565. 22:19so as you make more and more money think
566. 22:21about other ways to make money it
567. 22:23doesn't have to be um just day trading
568. 22:26you know what I mean there's a lot of
569. 22:28other ways especially in this current
570. 22:29environment right now with interest
571. 22:31rates High bonds money market funds
572. 22:33savings accounts are earning 4 to 5%
573. 22:35throughout the last couple
574. 22:37years and um 4 to 5% is is not a lot
575. 22:42like I said uh for people with uh 30 uh
576. 22:4640 uh 200k whatever it is but as you
577. 22:49make more and more um every million
578. 22:51dollars think about that's 50k per year
579. 22:54right and that's a few thousand doll um
580. 22:57per month which can pay for your rent
581. 23:00which can pay for your lifestyle and
582. 23:02then um peer-to-peer lending lending
583. 23:04money out to uh to various um businesses
584. 23:08or whatever really um getting that 10 to
585. 23:1220% on your money which is a little bit
586. 23:14more risky uh but that also can pay for
587. 23:17your lifestyle real estate investing
588. 23:19long-term dividend stocks um teaching my
589. 23:22trading skills and DVDs to make a
590. 23:23paycheck crypto watches and medals I
591. 23:25have all these things and also things
592. 23:28that I other things that I have too with
593. 23:30all this I can pay for my lifestyle over
594. 23:33and over and over again per month so
595. 23:35it's like why are you going to trade to
596. 23:37stress yourself out if and especially if
597. 23:39you're not enjoying it when you can use
598. 23:41your money and invest in other ways and
599. 23:43possibly make 10 12% per year on your
600. 23:46money whereas as you gain more and more
601. 23:48money trading you're not going to be
602. 23:50able to compound 300% per year like I
603. 23:52was saying um for me if I made 300% on
604. 23:55my net worth trading like I think it's
605. 23:58almost impossible um in one year to do
606. 24:01in this market especially without my
607. 24:03niche of OTC penny stocks
608. 24:06so just some food for thought and and
609. 24:09something that also some people should
610. 24:11should think about like once you have
611. 24:13even $2 million right if you're making
612. 24:1610% on your net worth that's 200k which
613. 24:19is 158k per month just under 20K per
614. 24:23month um and it's just a substantial
615. 24:27amount of money that you can live your
616. 24:29life off of and not de start decreasing
617. 24:31your net
618. 24:33worth and then a lot of people ask me
619. 24:36like how have you been staying busy and
620. 24:37honestly it hasn't been hard for me at
621. 24:39all I was only trading one two three
622. 24:41hours per day so I've replaced that here
623. 24:43in the winter um I've been going to the
624. 24:46gym a lot for one one to two hours
625. 24:48taking a drive um and not having fomo to
626. 24:53trade um not I'd hop on talk to my
627. 24:55friends now at this point two months in
628. 24:57I can talk about trading with friends
629. 24:59and I don't have the urge to trade
630. 25:01anymore um another thing that I've been
631. 25:04doing as of recently is skiing I've been
632. 25:06skiing five times this year already five
633. 25:08days of the year and we're just into
634. 25:10early January I've never been able to
635. 25:12really ski before because I've always
636. 25:14been stressed out I've always been tired
637. 25:16from Trading during the week December
638. 25:17January and February are statistically
639. 25:19my best months so I've just always
640. 25:21thrown skiing out the window and not
641. 25:23really um explored it too much just
642. 25:25going a few times per year but this time
643. 25:27I'm on Pace to probably ski 10 to 15
644. 25:30days uh of the Year and that ecstatics
645. 25:33me because I love it I love being out in
646. 25:34the mountains skiing um being out there
647. 25:36with my friends uh family and just not
648. 25:39thinking about um anything but that next
649. 25:42that next movement in my skis and just
650. 25:44going down and and really enjoying
651. 25:46beautiful mountains in nature um been
652. 25:49playing a little bit of video games uh
653. 25:51cooking I have my quads in the summer as
654. 25:54well as my um fishing boat um going to
655. 25:57do a lot of fish fishing have golf
656. 25:58there's plenty of things to do um and
657. 26:01really just en enjoy um enjoy your life
658. 26:05you know what I mean and
659. 26:07uh so that's my entire rant
660. 26:10there
661. 26:12um looks like we've been running for
662. 26:14about 26 minutes now but I think I've
663. 26:17gotten a lot of my thoughts out there uh
664. 26:20for you guys and maybe I can Inspire
665. 26:24even if it's just one person um out
666. 26:26there that's that's looking for that can
667. 26:29resonate with with some of the stuff
668. 26:31that I said um and it's also uh helping
669. 26:35me with getting my thoughts out of me um
670. 26:38so my plan basically for 2024 and this
671. 26:41year is just a part-time trade right I'm
672. 26:44going to fund my account with a small
673. 26:46amount and I'm going to look at trading
674. 26:48as a bucket of income right I have my
675. 26:50other Investments and trading is just
676. 26:53another uh investment or it's a bucket
677. 26:55of income that I possibly can make and
678. 26:57and I'm not going to be full-time
679. 26:59trading I'm not going to be showing up
680. 27:01to the market every single day having
681. 27:02fomo to hit every single play I'm
682. 27:05maturing and I don't want to be addicted
683. 27:07to trading anymore I I want to just
684. 27:09enjoy my life and you know I'm 25 and if
685. 27:13I play my cards
686. 27:15correctly
687. 27:17I can live my life and I can pay for my
688. 27:20lifestyle through Investments I can pay
689. 27:22with my lifestyle through um teaching
690. 27:24people the information that I know
691. 27:26because it's super valuable the
692. 27:28information I know is super valuable I
693. 27:29went from 30k to 12 million gross
694. 27:33um and I'm I've been teaching people I
695. 27:37have my investments and I'm going to be
696. 27:38trading part-time stay in the market and
697. 27:41I never want it to go back to the way
698. 27:43that I was the way that I was was uh
699. 27:46super unhealthy and you only need to to
700. 27:49do this for a few years you just got to
701. 27:50make sure that you're able to quit and
702. 27:53you're able to move on from this because
703. 27:56like I said before you know you're 45
704. 27:59and you're like damn I really wasted 20
705. 28:01years continuing to trade to chase um
706. 28:04another 30 million bucks and maybe one
707. 28:07day when you're 45 you make a mistake
708. 28:09and you lose $15 million you never know
709. 28:11what can happen in the market it's super
710. 28:13super risky so just be safe really
711. 28:16protect yourself guys and uh just go out
712. 28:19there and live your best life because
713. 28:21that's the life that's worth living and
714. 28:23remember the goals you had for when you
715. 28:26first started trading other than that
716. 28:28I'm out of here enjoy the long weekend
717. 28:30and don't be a super djen this year in
718. 28:3324