if you can make this much money with one
single trade instead of working a
full-time job and literally just sitting
anywhere you can possibly imagine in the
world as long as you have an internet
connection does that sound like a scam
to you or have you been told a million
times over that day trading is gambling
in this video I'm going to show you
exactly how you can make that much money
and if day trading is gambling
[Music]
welcome back to the channel everybody my
name is Artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable first things first I want to
talk about gambling and what it is I
spend a majority of my life in Las Vegas
so I know it very very well if you go to
a casino and you sit down at a slot
machine and all it is is random chance
of random things spinning in a specific
order and you stick in twenty dollars or
a hundred dollars and you're literally
only pushing buttons in hopes that you
will win big that is 100 gambling on the
opposite end of the spectrum is going to
be single deck Blackjack there are many
casinos still in Las Vegas that still do
this if you sit down at a single deck
blackjack table the dealer is only
allowed to have one deck of cards so as
the dealer hands out his card and all of
the players cards if you use an edge as
all of those cards get divvied out and
you have an extremely good memory you
can actually use a system that's called
card counting which is not illegal by
the way to know how many face cards are
left in that deck to improve your
chances of success while you are playing
that game everybody's sitting down at
that blackjack table is under the same
rules they are under the same
constraints when playing that game but
if you are highly intelligent and you
know the concept of card counting you
have an edge above all the other people
at that table so when that single deck
is whittling down and you know there are
nothing but face cards left in that deck
you can start betting more and you will
win more thus giving you the edge and
making it not gambling and more of a
strategy now if you do this the casino
will probably kick you out because they
see what you are doing because they are
also counting the cards and they know
when you are doing it but if you're not
greedy about it and you triple your bet
on two or three hands and then walk away
you're good to go any game where you can
make money the allows experienced
players to have an edge over another
player is not gambling I want you to
think about the game of chess for a
second I know the general concept of how
to play chess and I suck at it if I sat
down with a grand chess master he would
whoop my ass in three moves we are both
playing the same game except he has an
edge and he has the experience and the
knowledge he will kick my ass every
single time for the rest of time in all
existence until I learn enough to get on
his level then we might have a match it
is the exact same thing with day trading
day trading can be considered gambling
if the individual takes excessive risks
trading impulsively with the hopes of
making some profits the difference
between day trading and gambling is that
day Traders usually have a well thought
out strategy and an understanding of the
markets and the risks associated with
trading they also have a plan of when to
enter and when to exit their trades you
must understand that the Forex markets
have seven trillion dollars worth of
volume traded every single day 99 of
that money is controlled by Banks
billionaires and trillionaires huge
corporations or countries it's these
people's jobs to make as much money as
humanly possible and who are they going
to take it from other people so it is a
game of who is smarter and at what time
so if you think that you can get into
day trading because you watched a couple
of three minute videos on YouTube and
then enter a trade and then win a little
bit of money and then the next time
you're like oh if I increase my lot size
and just go it'll I'll make a thousand
dollars in five minutes and then you do
it and it's gone your money went from
your pocket to somebody else's pocket
the issue that a lot of people have with
this is that this money went from
somebody else's pocket into my pocket
that's how capitalism works that's how
the entire World works we as individuals
are not Banks and are not governments we
cannot print money we have to take money
from something else we can either have a
product or service and sell it and take
somebody's money in exchange for that
product or service you can go to a
casino if you have an edge and take
money from the casino or from other
players day trading is not gambling day
trading is a skills based strategy game
so if you properly manage your risk and
you have a step-by-step rules-based
strategy for the entire course of your
day trading career you will always end
up beating the other people that do not
live within those rules and parameters
that you've set for yourself and the
best part about that is that you do not
care at all you and the person that you
are taking money from live in the same
constraints you have to follow the exact
same rules yet you have taken the time
and the end energy and the effort and
the testing and the journaling and all
of the things associated with becoming a
successful day trader you've taken all
those steps while other people haven't
and so you're taking their money but you
don't feel guilty about it because
they're the ones that are gambling
they're the ones that enter a trade with
no stop loss they're the ones that
deposit a thousand dollars and risk one
hundred percent of it on every single
trade if you're one of those people that
are losing all the time and you're
constantly making mistake after mistake
after mistake you need to stop and
understand that you are competing
against the world's best everybody is
out there trying to take your money so
if you don't feel like you're more
intelligent than the other person and
that you can take money from them don't
even try about eighty percent of the
time when I tell people what I do for a
living and that I'm a day trader all the
time they always say oh I tried that I
lost money it's a scam it's gambling
it's stupid and yet there are thousands
upon thousands of traders that I know
personally that make full-time livings
and full-time income off of day trading
because they've taken the time and they
are more intelligent than the other dip
[ __ ] that just went in with 500 bet it
all essentially he sat down at a slot
machine and was hoping for a two million
dollar win it doesn't work like that
stop being so naive so if you want to
learn how to make over seven thousand
dollars in one single trade check out
this video right here make sure you're
dropping a like on these videos and
subscribe if you have not already thanks
so much for watching and we'll see you
in the next one