- "Do you make more money on YouTube or day trading?"
"Is there ever a time that your broker froze
"while you're trading?"
"What do you desire?"
"How to take profit correctly?"
(electronic clicking)
(upbeat music)
It's been a hot minute since the last time
we did an Ask Me Anything Q&A video.
So I asked you guys on Instagram and YouTube
a couple days ago to send me your trading
and non trading related questions.
So I'll be answering all of your questions in this video.
And also I'll be picking three winners
to receive the Humbled Trader merch,
for the best jokes and the best trading questions.
There are some very juicy questions.
I will list out all the categories over here,
as well as all the timestamps.
And if you enjoy these kind of fun videos like these,
remember to smash the like button and subscribe.
(upbeat music)
♪ My money don't jiggle, jiggle, it folds ♪
♪ I'd like to see you wiggle, wiggle, for sure ♪
♪ It makes me wanna dribble, dribble, you know. ♪
- "Why are you so humbled?"
Because I've lost a lot of money being cocky in trading.
"How do you get over a losing day?"
I eat a lot.
"How do you handle the fear to short a stock
"pushing up when the stock looks really scary."
You just hit the bid and you shoot anyways.
"How do you celebrate a successful trading day?"
(electronic whirring)
I don't really celebrate anymore, to be honest.
That sounds really boring,
but I think I do more on a losing day.
"New content quality is just wow! What changed?"
I hired a new videographer. His name is John.
"Do you prefer trading while traveling?"
No, I absolutely hate travel trading, actually.
If you wanna check out my travel trading setup,
you can check out these two videos over here.
"Do you have a crypto portfolio?"
Yes. I have a crypto bag holding portfolio.
That's going to (beep).
I'm bag holding a lot of crypto.
Now this is a fun one.
"Why don't you improve your accent?"
To this person who said this,
if my accent bothers you, you should improve your life.
(men shouting)
(upbeat music)
Okay. I know, I know.
You guys are waiting for me
to answer some juicy trading questions right now.
So the first question is,
"Do you agree with me that Nasdaq
"is close to an imminent collapse?"
I think the collapse has already kind of started.
A lot of people are saying that we might go a lot lower
later this year and next year.
I think that's possible, but I feel like
the biggest sell off move has already happened.
Next question is, "What is the next Tesla stock?"
To be honest, I have no idea.
I know a lot of people are excited about,
oh, finding the next Apple, finding the next Tesla.
The stocks that's gonna go from a dollar
all the way to what, 4,000 for Tesla.
I think that's really unrealistic.
What I usually prefer to do when investing
in these kind of growth names
is to find stocks I'm very familiar with.
So I talked a little about that
in my previous investing video
about how I pick my long-term investments.
So instead of going out there
to find something fresh and brand new,
I just invest in what I already know.
"Do you still use DAS Trader?
"And if not, what do you use right now?"
For those who don't know,
DAS Trader is the trading platform
you can use to connect to various brokers.
And yes, I still use it.
I use DAS Trader connected to Cobra Trading,
CenterPoint Securities, and then I use TradeZero's
ZeroPro platform to obviously trade
with my TradeZero account.
"Is there ever a time that your broker froze
"while you were trading and how did the trade go?"
So that happened, and I guess, you know
I'm lucky in the sense
that that happened really early on in my first year.
My broker froze and obviously I lost a lot of money.
It's one of those super low flow penny stocks.
But I learned from that mistake really early on
to have all of your brokers' numbers
on speed dial on your phone.
So if anything happens, just call them.
They can liquidate your positions for you.
Next question, "How to take profit correctly?"
You collect your profit and you take it to the bank
and you spend it on the next Lamborghini.
Just kidding.
How you take profit correctly is to have your price target
from the daily chart already planned out.
So usually I like to have two or three price targets
and I will start to scale out two or three entries.
So this will be the same case
for entry, stop-loss, and your price target.
All of those levels should be planned out
before you go into the trade.
You don't start planning the trade
after you got into the position, okay?
You have to plan it all out before you enter.
♪ Wiggle, wiggle, for sure ♪
♪ Make me wanna dribble, dribble, you know ♪
♪ Riding in my Fiat, you really have to see it ♪
♪ Six feet two in a compact. ♪
"How often are you trading in pre-market?
"Stocks move a lot up or down.
"Does Benzinga Pro News help?"
So two questions here.
I used to trade a lot more pre-market in 2020 and 2021.
This year I almost never trade pre-market.
The volume is not the same.
And also a lot of times the, you know,
a lot of times the gap up is not that liquid anymore.
So that's the reason I don't trade pre-market anymore.
And the second question, does the Benzinga Pro News help?
Yes, it absolutely does.
I still use Benzinga.
"Where do you use your news to trade with?"
I use Benzinga Pro. That's my news wire.
I do my research.
I also use Briefing for the larger cap stocks
and I read the earnings news there.
As for scanners, I use Trade Ideas stock scanner.
"Do you use a trading algorithm?"
No, I do not.
"Do you have to size down in a bear market?"
I think that really depends on your strategy.
If you are usually more long biased, then yes,
I think you should consider sizing down.
But if you're more short biased,
if anything, you probably wanna start sizing up more,
depending on the opportunity, of course.
It all depends on the setup.
But for me, generally speaking,
on my shorts I do not size down unless it's a choppy market.
On the long side, I do size down, this year, a lot.
"Where do I put stops to avoid stop hunting,
"at previous resistance or the second entry?"
So I think the best way to avoid stop hunting
is to, you know, this applies more
to people with a bigger account,
allowing yourself to scale in.
So instead of one entry, one exit out,
you can have one entry
and have really wide stops on the starter size,
and seeing whether it's hunting stops and reclaiming over.
And just add back in, if it's actually,
you know, shows you that it's a stop hunt.
So that's number one, if you're able to scale in.
Unfortunately, if you don't have the account size
to have multiple entries,
then I think I will wait for the second or the third test
of the key support level, or the key resistance, to get in.
Instead of, you know, seeing the resistance
that's say at $16 and get in right away,
you can easily get squeezed out
and the stock can dump right after.
So it's always better in this scenario
to be, you know go in on the stock
on the second or the third test,
rather than being the first.
(upbeat music)
"Do you make more money on YouTube or day trading?"
I wish I'd make more money on YouTube.
People think YouTubers make a lot of money.
And I think that's true for some people, but not in my case.
So I definitely make more money from day trading.
(upbeat music)
A wise man once said,
it's not a true Humbled Trader video without bad jokes.
Ran, I figured out how to make a million dollars
in the stock market.
- Really, how?
- You start with $2 million.
(Ran laughing)
- Is that what happened to you?
- No. It's what happened to you.
(Steven and Shay laughing)
Okay, here's the best joke ever:
The stock market since 1971.
(electronic whirring)
- Since '71?
- I actually don't really get it either.
Okay. You guys can do a lot better with the bad jokes.
- Oh, it's the subscribers' jokes.
- Yeah. - Oh!
(all laughing)
- Well, they learned from me, right?
So how do you think like our friendship has changed
because of the trading and because of my YouTube channel?
- I don't see any change.
I think I still enjoy our time together,
and we don't really talk about trading or YouTube stuff.
- I guess, I feel lucky that my friendship,
at least with you guys, hasn't changed that much.
A lot of my life has remained the same
whether that was before YouTube or after.
But in terms of trading,
I think trading does affect a lot of my personal life.
So it's nice to have friends who understand that
oh, some weeks I'm just a bit down,
and some weeks I'm really, really high and energetic.
And it's because of the stock market, kind of. Yeah.
But it's always good to have people
who understand your highs and lows.
- From my end, I lost a lot of money,
so I can rely on more on you guys.
No, but for real, it's a very, it's a hard job.
And like we're here emotionally to help each other in.
So people are gonna think I'm broke!
(all laughing)
- Imagine a girl sees,
"Actually, oh, I'm never gonna date him!"
- Nobody's gonna date me anymore, huh?
(all laughing)
- Check out this photo.
- You could do that?
- I guess you could.
Apparently this person said you can get fined
for climbing on the bull.
We actually just got back from New York City
a couple of days ago,
and we got some amazing footage
of the New York Stock Exchange.
We got an exclusive tour.
So if you guys wanna see a video of that tour,
make sure to comment "NYSE" down below.
And I can't wait to share that video with all of you guys.
So you gotta tell everyone
to smash the like button and subscribe
- Smash the like button...
- Wait, wait, three, two...
- [Both] Smash the like button
and subscribe for more videos!
(upbeat music)
- You gotta do what you gotta do.
You gotta multitask.
- Oh my God!
- Help you too.
(upbeat music)
- "What do you desire?"
Right now, at the moment, I really, really want to eat.
I haven't had lunch and it's like 5:00 PM now.
So that's my biggest desire right now.
I think deep down, I really wanna
have like a really happy family
and I wanna be able to, I just have this vision
of like my family living close to my parents,
and living close to my siblings' families.
So that's kinda what I desire, you know.
'Cause growing up, I think,
I have five members in my family.
At one point we lived in four different cities.
So I think I would really love
if my nuclear family can all live really close.
Let's say in Vancouver,
or like somewhere that's within like an hour drive.
"What advice would you give yourself
"if you could ever go back?"
I would tell myself, to myself eight years ago,
to take your time.
There is no rush in trying to make day trading work.
I think I said many times, it took me two years
of losing before actually, you know, turning profitable.
And you know, a lot of that failure
comes from being a rush to start making money right away,
because I hated my job at the time so much.
And when you are rushing to make things work,
you don't really learn about the process.
You don't really care about risk management.
So I definitely lost a lot of money during that time.
So I would say, you know,
if you are in the same boat as I was eight years ago,
just take your time and understand that, you know,
take it as a step by step process,
rather than like a get-rich-quick in six months.
"Do you think that everyone can be a successful day trader?"
Well, I wanna ask you this:
Do you think anyone can be a doctor?
Do you think anyone can get into Harvard?
So probably not.
Nothing worthwhile is ever easy.
And, you know, day trading,
I think only 10% of traders can succeed.
Well, that's the same with any high paying career,
or any very difficult job.
"Becoming consistently profitable
"is a difficult goal to reach for most.
"And since you've reached it,
"what's your next big milestone plan in life?"
So two questions here.
I think my next big milestone plan in life,
it's not so much monetary-based.
I think I just definitely wanna start traveling more.
I think at some point I would like to have a family,
or start a family.
We'll see how that goes. (chuckling) Okay.
Congratulations to these three winners
for winning the Humbled Trader merch.
So make sure you guys check your DMs on Instagram
from my myself, HumbledTrader, exactly like that,
not other fake accounts,
as well as YouTube comment section.
I'll reply to your original post
and tell you how you can contact us.
If you enjoyed this video,
make sure to drop a like and subscribe.
And of course, if you wanna learn more about day trading,
check out the Humbled Trader community down below.
Thank you guys so much for watching, as always.
This has been a very fun video,
and I will see you guys next time.
(upbeat music)
♪ ...it folds ♪
♪ I'd like to see you wiggle, wiggle ♪
I didn't sign up for this.
I thought it was like a casual walk along the sea wall,
not a freaking hike!
Oh, my God. Give me a scooter, I can scoot up.
(upbeat music)