- So simple.
Oh my God.
(screams)
Oh my God.
Today, we're going back into the evil black hole
that is TikTok.
I'm actually scared this time around
because I went on TikTok once last week
to watch one video.
And that becomes five and ten and eleven.
And the next thing you know, I've been stuck there
for like two hours straight.
Kind of like my last marriage
with my ex-husband Mike Bagholder.
So today we're going down the rabbit hole once again
to react to trading and investing advice on TikTok.
Hopefully this time around I get
to come back alive with my soul.
We had a lot of fun last time around
and you guys told me that you loved it.
So I figured, especially when the entire market
has been kind of a bummer.
We all could use some laughs right now.
As you already know I'm very against
chatroom alerts or buy and sell signals,
and nowadays that's what all the cool kids
are doing on TikTok.
Flexing with those rented Lamborghinis
and giving advice on the next stocks
or cryptos that is going to the moon.
The irony is nothing is going to the moon
in this kind of market,
except for Elon Musk's Twitter subscribers.
I've never seen any of today's TikTok videos.
So I think it's going to be a lot of fun.
So that's get started right now.
Make sure to destroy the like button, just like so
and subscribe to see more videos like these in the future.
I'm actually scared. (laughs)
Okay, please don't be too loud, please.
Like knowing last time it was so loud.
- I declare
bankruptcy.
(laughs)
- That's me every single morning.
I wake up, I see a sea of red on my screen.
I'm just like "Dear diary,
I'm bankrupt once again."
Like I didn't know I can go bankrupt
more than one time.
Okay.
- This guy again.
Oh my God. I love this guy.
(hip hop music)
- I think that's him.
That's him in real life.
Trying to smash those bids and that shorts the market down.
That's what happens.
There are literally teenagers making more
than their parents by copying and pasting my trades.
Hmm.
I don't think so.
(screams)
- Help!
(screams)
- Oh my God.
I didn't know day trading can uh,
make you have a seizure.
Holy crap.
That's uh-
That was me in my first year.
Good times.
For me it was more like, I was like,
be on the edge of the table
and just like, watch the tickers
and then like the way it goes down,
I'd be really, really scared.
I'd cover my eyes thinking that if I cover my eyes,
then that must not be real, right?
And at the end I always tank.
So anyways that's how I usually lose my money
by covering my eyes.
(pop music)
- Oh my God.
Oh.
I like this guy.
I like how this person thinks.
"Unrealized bro you good"
They haven't realized it yet.
"Passive outcome."
Oh man.
You're right.
As long as unrealized, you just keep holding
and holding and holding
and eventually it'll go back up.
Hopefully in like maybe three years.
If it's a large cap stock,
they are likely to go back up.
But if it's like the small cap stocks or the midcaps
or stocks that have really bad fundamentals
and bad cash balance sheets,
most of them don't come back up.
- Bankruptcy!
- Hold on, you can see the license plate.
Somebody go run a license plate check.
That's probably a rental.
Because if it's a personal car
they're gonna blur out the license plate numbers.
(off screen whistling)
(mimicking whistling)
(off screen whistling)
- [TikTok User] Simple.
- So simple.
(whistling)
Simple. I can do it too.
Where's my iPhone. Where's my iPhone.
Where is it?
Come on Steve jobs.
I mean Tim cook. Steve jobs' dead.
- When the stocks are high
mkay.
And I'll like see when-
when they're low.
- That's the big thing - That's interesting.
[Gordon] And sometimes they're really high.
Sometimes they're very high, the stocks.
- Uh huh. That's high. - That's when you want-
- [Gordon] That's what you wanna sell
when they're very high.
You buy, them when they're down very low.
- Uh huh. Hmm.
- Yeah. I mean, I have graphs.
I have some graphs I can show you.
If you pay attention to these patterns here you can-
- Pro tip.
I think it's fine if you wanna learn
about stocks and investing on TikTok
but don't learn dating advice on TikTok.
Okay. Or else you'll be like me.
- [Narrator] They ask you how you are.
You just have to say that
you're fine when you're not really.
- Okay.
- [Narrator] This guy turned 2.5k into 1.2 million
- Man. Excited for the group.
Small account gains.
But I think your gains, you know,
have been the highlight.
- Yeah, I just ended the day about 1.2 million.
- Oh my gosh.
- It all started from 2,500?
- Yeah. All started from 2,500.
- In less than three weeks, right?
- [TikTok user] Yeah.
- Well, congrats man. That's- - Thanks man.
That's an amazing life changing story.
(laughs)
- Yeah that's me too.
Trust me, bro. I did that too.
Turned $2,000 into 2 million in one week.
Come on people.
- The stock market will never make you rich.
I promise you that no matter what you think,
whatever strategy you deploy
you're not gonna get rich
by investing in the stock market.
And have you ever heard
of someone who became rich by doing so?
- Yeah, I have.
What, what are you talking about?
- Instead you need to have a better investment vehicle
like real estate or building your own business.
If you think you're gonna get rich
from the stock market
run the numbers, take the compounding interest
and you can check out and you can see
- That the number checks out.
Yes, you can invest in the stock market
consistently over a period of time
and have some exponential returns.
I'm not saying he's completely wrong because sure.
Like if you invest in just the index
you probably get average returns.
But even the average return, let's just say
with 7% a year compounded over 20, 30 years
that's still substantial.
And remember you are still contributing and investing
you know, every couple of months with your income
what's leftover from your income.
(Hip hop music)
- Not again!
Anytime you see the word easy, it should like, you know
you should, like, see like a red flag
and nothing is ever easy.
I've learned many different strategies.
Some didn't work for me.
And some has worked really well for me.
None of the strategies are ever easy to learn.
That's the reason I don't ever trade
just based on candlestick patterns.
You're seeing only one side of the market.
You're seeing one factor.
When in reality, when you are actually trading with an edge
you need fundamental catalysts,
you to know the price action history of the stock.
You need to know about the market environments.
You need to know about the float, the market cap,
the institutional ownership.
There's just so much more than just looking at a pattern
and just buy when you see this pattern.
(orchestral music)
So I think out of those picks,
I agree with most of it.
Like apple, alphabet, Tesla,
even Bitcoin.
Like I hold some Bitcoin.
I don't know about PayPal.
I feel like there's so many other business models
that's similar or better than PayPal.
Someone's calling me.
Oh no. It's my ex-husband calling me.
- [Narrator] This one simple strategy.
- Simple. Okay.
Simple is okay.
You know, simple and easy are not the same thing.
Right? Easy means- (crickets chirping)
it's very easy to-
And simple means (crickets chirping)
it's not easy, but it's simple to under-
I'm ESL okay? You probably get that by now, okay.
But simple and easy are not the same.
Just go Google it.
- [Narrator] Can make you huge gains trading-
- Huge gains.
- [Narrator] Once you see it enter,
then you're gonna exit the trade
once the RSI becomes over bought.
For a short trade wait for price to be
below the super ichi cloud
wait for a breakout signal,
enter then exit once the RSI is oversold.
- Here's the thing.
It looks very clear and perfect in hindsight.
But when you're trading in real time,
Oh, oh, it's a-
the stock is over this RSI whatever number.
Oh, but it's below now two minutes later.
Oh, it's above it now 10 minutes later.
But kind of like what we talked about earlier
about trading strategies,
it needs to have layers.
So sure.
Maybe that one set of indicator can be one of the layers
but you need to take into consideration other things too
about the stock, fundamentals, or market conditions,
Blah, blah, blah, blah, blah.
So...
This, I would call this a one simple strategy
to lose your money.
Hey, this guy said it. I didn't say it.
I just-
Okay, I'm just gonna watch it again.
I feel bad with not listening to him talk.
(inaudibly fast speaking)
- Yeah, I didn't change my mind.
I still feel the same way.
Okay. But at least I tried, at least I tried.
Okay.
(pop music)
Good, nice, nice job.
$265,000 trading stocks.
(pop music)
It's okay.
In a grand scheme of things
having a high tax bill means you make a lot of money.
So in the grand scheme of things, it's okay.
Right? Think about it.
Would you rather, you know, make $200,000
and have to pay $70,000 in taxes,
or make $40,000
and only have to pay $10,000 in taxes?
At least right here in Canada,
yes we have a pretty high tax rate,
but I do genuinely feel like the taxes I pay
are going to some things
not all the things I'd like to see.
Like, you know, I would like to see
free Lamborghinis for everyone but,
you know, if you wanna enjoy,
you know, the nice, you know, facilities you have
the public transit
you know, the, the what else is there?
The public transit,
and the public transit,
and the bike lanes.
Oh, let's see, what else am I paying my taxes for?
(crickets chirping)
- And we did it.
We survived another round of TikTok reactions.
You can now follow me
on TikTok, Instagram, Twitter, and Facebook.
And no, I do not have multiple accounts
for each social media.
Okay. So if you get some weirdo
trying to be me messaging you about crypto,
or they're gonna trade for you, that's a scam.
Please report and block those fake accounts.
If you enjoyed the video
please remember to drop a like and subscribe.
Thank you guys so much
for watching us always.
I'm the Humbled Trader and I'll see you guys next time.
(pop music)
Easy.