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Author: Cedric Dahl
I turned 18 2 months ago and started learning how to daytrade on a demo account. If you set your limits correctly, manage your money and the risk and trade abou 2% of your initial money you always end up earning more than losing. You can grow your money exponetially. A friend started with 18 aswell with 500 euro and endet up at 28k after just one year. I think it really needs the discipline to not gamble and stick to the teachings and understand them and your right it consumes time, but you can just say I work about 6 hours a day as my fulltime job and then enjoy the freetime. Its all about discipline.
I like that your not selling your own program while telling people to educate themselves.
Great video, I am especially thankful for the list of books. Bought ZERO TO ONE and fell in love instantly. Thanks again.
Good advice man. Thanks.
Bitcoin isn’t investing
Solid recommendations on the books. I don’t find the view point on day-trading to be very balanced however. Trading (nevermind day-trading) is hard, it requires a lot of skills and discipline. It is tremendously rewarding however, for those that make it through to the other side. It gives you all the flexibilities of the world in generating an income and having the lifestyle you wish to have.
Oi, shut your mouth… < <https://youtu.be/3OkFmrvjzZ8
“The reason he got into internet money is to not have to think about making money.” Well that’s the problem.
Some idiot lost money daytrading, so you shouldn’t either. Great advice…?
Excellent share Cedric, thanks for the guidence.
True .. True and …. true. I saw the pattern and managed to stop when i saw that the previous day passed and i was still watching the HIGHBB … and RSI to go up
I steer well clear of cryptos it’s a scam
Thanks for this video… I really like your list of books as well!
How to save money: step 1: Don’t buy useless things like coffee
I thought something was wrong when he said his friend was trading at 3am when the markets are closed.
TBH, I checked once. LOL
what if you have step 1. every second of the day?
those people never achived the power of technical analysis. if it would be easy…
Suggesting reading over betting…deserves the like I left you (Bonus: i have tested that in my life the after-college education has given me the maximum ROI)
If I knew early, I do not lost my money….shit….
so to make money we should stop day trading and read books, do you pay us upon completion of these books?
Anyone else see the UFO at 7:40???
Day trading is a scam warning don’t lose your money it’s a scam don’t do it
you passed by my job
If I wanted you find out about books, I WOULD GO TO A LIBRARY!!!!
Does this dude know you can also trade stocks instead of bitcoin?
1. Zero to One by Peter Thiel
2. The Starfish and the Spider by Ori Brafman, Rod A. Beckstrom
3. The internet of Money by Andreas Antonopoulos
4. The Dictators Handbook by Bruce Bueno de Mesquita and Alastair Smith
5. The Singularity is Near by Ray Kurzweil
I assume Internet money means Crypto’s ….. Being slightly more clever than you ???
Interesting, because I find more stressing Swing Trading than Day Trading or than Position Trading.
I I daytrade stocks successfully, not bitcoin … lol… bitcoin is extremely unpredictable
i have one stupid question, because i want extra income and before i start i want to know do i have to know good in maths ?
i tried this, and after a few days i felt completely drained out and very bad. the magic is to do 1 or 2 trades and be done with it and do something with your day. If you don’t do this you are going to be in bad shape after a week.
Holding a position that drops fifty percent overnight will eat your soul
I don’t understand. How exactly did your friend lose 60% daytrading? It sounds like he was emotional, overtraded, and screwed himself over; basic stuff. The biggest lesson to learn from this video is don’t trust anybody… especially this guy.
jesse does not exist 🙂
I agree 100% – knowledge is power. Thanks for the advice.
Day trading stocks is incredibly lucrative… I’m super novice, yet can make 500+ on intelligent day trades in less than 2 hours. Crypto has nothing to do with NASDAQ opportunity.
There has to be a way to make money without working/waiting forever. Could this be it? No really asking… I have not day traded
yeah! read books!.
I listened to the from zero to one audio book for about an hour and Peter Thiel kept saying that monopolies are good and competition is bad for everyone. He does not understand that competition not only means more innovation but a better environment for the employees and customers since there’s competing alternatives.
Yeah,try trading stock not digital currency
Well presented! You can use that psychy technique with any addiction. Awareness of thought, first step of enlightenment. I needed to be reminded. Thanks
Anything works for you
I think the problem is that people are really not that enthusiastic about trading. Most of these daytraders heard about bitcoin which was and I guess it’s still pretty volatile market. Plus, it doesn’t have long history which can make it nerveracking. Like my trader friend said “Like flipping a coin”. So, yeah, do your research. Don’t be lazy and greedy and you’ll be not like 90% gamblers in markets. But, I bet if crypto stays alive, trough times forecasting gets easier. Right now it must be a rollercoaster of emotions. But to the point… There is different options for daytrading. Most of them just forces you to study before making a trade, it can be though but trough knowledge you can actually make smart moves on a market.
Whatever floats your boat
thousands of people doing it wrong can not stop the 1 who can do it right