i recall years ago being told or reading somewhere and it's
a sort of a well-known saying that if you want to make a small fortune you start with a big one
and buy a restaurant this video is about recognizing that sometimes it's time to fold
up the cards and walk away sometimes quitting is not the only option but it's the only rational
saying i watch from time to time quite a few videos on youtube and there's a series of videos
involving the promotion of particular individuals in day trading
shared day trading now i'm not going to go into the details of it now but my view on day trading
and the view of professional investors people who would know about trading and about shares and
futures and stock exchange and so on and so forth recognized that in order to make any money at day
trading you need an absolute fortune of money to begin with perhaps a million million euros
to be able to make a living day trading you're depending on the movement of shares very very
um quick share transactions so essentially you're depending on the movement of shares you're trying
to exploit the movement up or down of a particular shared price on the particular day the purpose or
the models of brand is you invest you get in and out quickly and you take a small profit
as a result of the share price movement however it is a very very difficult very very risky
game to be involved in and quite frankly you'd be as well off
downloading the paddy power app to your phone or boyle sports boyle bookmakers sports app to
your phone and having a bit of fun that way because it's as bad or it was good a chance
quite frankly uh with the boyle sports or paddy power app but i have noticed in the
video or in the videos that these individuals make they've got a huge number of very enthusiastic
young generally young men but some young women generally young men who are absolutely giant
to make handy money who are being sold the idea being sold the dream that they can drive flash
cars and live in flash houses and so forth and can all can make a fortune from day trading now
the dream that they're selling has these people these followers in such a rabbit enthusiastic
fashion and state that when they come back to comment on videos to say that they're struggling
or they're having updates and down days or they're not quite there yet or the whole thing isn't
actually working out they're being encouraged not to quit that quitting is for quitters
and my view is and i'm making the point here that sometimes the only thing you can do is quit
and quite frankly what a lot of these lads are doing in investing
in trying to make money trying to make a living buying the [ __ ] quite frankly from these guys
they are going to go bust no two ways about it they are going to lose every red cent and
the advice to them to keep going not to quit to keep slogan away that like trump with the virus
cure or the coronavirus vaccine it's just around the corner it's not going to happen
it is not going to happen and the only saying rational reasonable thing to do is to quit and
keep the fuel bob in your pocket and if you want to go to leopardstown or the corner or someplace
or um get yourself the paddy power app if you want to i'm not encouraging gambling wouldn't encourage
it at all what i am saying is day trading share day trading is as bad as and is the equivalent of
gambling of the paddy power app and quitting is the only option it's the only sane reasonable
option i just hope for the sake of these people that the followers the people who are completely
hooked hook line and sinker i hope they cop on sooner or later because if they don't they're
going to lose an absolute buttload of money and they're going to be very disappointed anyway
i try to rain or if i try to rain on their parade i know that i'd get nothing but abuse
and it's happened once before and i'm going to revisit that situation again
and i'm going to take action but for the moment i find it very frustrating
to see a lot of young people who can't even afford the price of the course the
course that's been plugged by these guys who are supposed to be making a huge amount of money day
trading they're actually selling courses and yet all of the fans who are buying the dream
haven't even got the price of the course and the course might only cost 250 quid or whatever so
it just goes to show you that these people are sold the pup they are vulnerable they're being
exploited they haven't got the money to be thrown around and they definitely don't have the money to
become day traders so sometimes quitting is the only option it's the only sane option hope you
like like this video if you do i would appreciate if you give the thumbs up down below thanks a lot