I worked all summer to make $78,000 and I lost it and the thing is I lost it within a month actually I might have even lost it within a week or two do you know why it's because I was an emotional traitor I truly believe that day trading is one of the most important things a person can learn it doesn't matter what age you are there's so much freedom to trading if you're 40 and you have a family you have kids and a wife you get to stay at home watch your kids grow up be there for your wife provide not only the income but the actual presence of you being there on the other hand if you're 18 20 25 and you want to create wealth for yourself and be able to travel and do anything you want to trading also has that benefit you see trading is one of the many professions that allow you to be anywhere and do anything because your location doesn't affect your income and doesn't affect how you perform I don't think any corporate job allows you that type of freedom we're not talking about just money we're talking about the actual freedom to be yourself and to work your own hours and do as you please because the amount of time and money you put into trading is what you'll get back at a corporate job first of all you're someone's slave second of all you can never achieve the amount of potential with trading I know kids I know people that are 18 19 20 and they make more than CEOs and CFOs that have worked 20 30 40 years to become of that position and those CEOs and CFOs they work 10 times harder than a Trader because to be honest with trading you overcome the emotional and the mental toughness trading is not only what you know the most important is actually how you handle losses and how you handle your emotions I've really struggled with that and 99% of Traders struggle with emotional Trad whether you take too many trades or you oversize yourself or you just take really bad setups that gets the best of us and even the best Traders struggle with that so once you overcome the struggles of your emotions and once you take the time to learn trading is it one of my good friends is actually a software engineer went to school for 4 years right and his first job offer is $60,000 a year to become a software engineer it's 10 times harder than becoming a Trader and to start off at $60,000 a year I think it's a joke and on top of that he told me there's a ceiling most software Engineers don't make more than $150,000 $200,000 a year and that's after 105 years of experience if you stick with trading after 10 15 years you can make $100,000 in a week and a month it's it's ridiculous and you have the freedom of being at your home being on vacation being with your family and once you overcome the struggles once you overcome the losses you will lose I've lost many times I still lose everyone loses but the important part is to learn from your mistakes journal every single trade you do Journal all the mistakes you make cuz those mistakes there's going to be a time where you're put in the same exact situation as you were and if you learn from your mistakes you will take different actions you will take different trades you'll take different stop losses everything will be different if you learn from your mistakes take that loss as a lesson and move on and become better and once you figure out how to learn from every single one of your mistakes becoming profitable be so much easier and listen it could take you 6 months a year two years to become profitable but once it clicks once you become a profitable Trader the freedom is endless the money is endless everything that you do from there on will be like a movie little bit about me I've been day trading for 5 years um in the beginning the first year I made some good money I started off when I was 16 so I made really good money for a 16-year-old 17 to 18 I started becoming cocky I traded way way too much took way too big position sizing and eventually I ended up losing a lot of money with that I took a break after that focused on College I go to University of Miami I took a break and in that year first of all I didn't have capital I had no Capital to trade with so I was kind of forced to take a break came back from school I started working ballet I made maybe like7 $8,000 that summer which is not a lot I was working part-time ended up trading again I started back up I lost it I worked all summer to make $78,000 and I lost it and the thing is I lost it within a month actually I might have even lost it within a week or two do you know why it's because I was an emotional Trader my position sizing was so bad I had a $78,000 account and I would enter trades damn near full reporting which is like the dumbest thing you can do you're risking your whole entire portfolio for me it was basically my whole entire net worth in one trade and I was such a bad Trader and the importance is to learn from that next year after that I worked valet again made another $78,000 over the summer I started trading differently I traded with smaller sizing which is so important if you have a $10,000 account you shouldn't be trading with more than $34 $500 per trade and even that's a lot and with those trades I took smaller losses but better winners you know why because I let my winners run and when you trade with smaller amounts you have the capability of actually letting your trade plan out cuz when I'm trading with larger sizing when I see small profits I take them and I don't let the actual trade play out I would let my trades plan out and do like 1 to two RR 1 to three RR and it was doing pretty well but once again I got cocky few bad days a few bad weeks led to another and I lost that again so I've had a lot of losing experiences with trading and I'm not here to tell you everything's good I'm not here to tell you that you only make money with trading or that I'm the best Trader in the world Which is far from the truth I know I know some really really good traders that that's all they do and they post all their content and I'm trying to post content right now this is actually my first long form video on YouTube and I've taken like 50 different attempts and I don't even know if this is going to be the video but I'm trying to make it so here I am but if you're a Trader what was I saying I was talking about other Traders yeah I know Traders that make six figures a month I know traders that make seven figures a month that's that's insane can you imagine making a million dollars in a month people some people don't make that in their lifetime and you have the capability to do that in a single month why would you not take the risk if you can make a million dollars in a single month with trading why would you not take that risk and try what do you have to lose you can lose some time time which is very important but it's not wasting and it's not losing because you're actually learning and you're trying and when you try something and it doesn't work out it's not a waste that's an experience and that's something that you can learn from why not try it if the possibilities are endless even if you don't make a million doll what if you make $100,000 what if you make $25,000 $10,000 that's real money that's a lot of money and if you don't don't take that risk you'll never know if you can actually be profitable and actually become something because you can take the safe route go get a nice job you'd be lucky to make $889,000 a year first year and then work 50 60 hours a week if I spend 60 hours a week learning about trading I will learn so much more yeah I I don't know you can take the safer out of being a 9 to-5 working at a corporate company there's nothing wrong with that I thought about doing that [ __ ] it I still might even do that trading doesn't work out but I'm going to make trading work out I have a degree from University of Miami well I do next year I'm a senior right now so I have another year and then once I graduate I'll have my degree but by then I'm going to make trading work I've learned way too much I spent way too much time I spend way too much money for trading not to work and I'm going to make it work I'm going to become profitable this year and I'm going to start posting content I'm going to be doing live trading I'm going to do trading Recaps I'm going to do all that so I'm looking forward to posting content for you guys do understand this is my first YouTube video so it's probably going to be really shitty but I'm looking on improving now I want you guys to understand this is my first YouTube video so give me a little bit of a break and drop a comment on what you think I should post next or any questions you might have that I can answer in the next video and um yeah I'll leave it off on this it's worth the risk you have so little to lose and so much to gain with trading that if it works it's going to be the best thing in your life if it doesn't work out it's going to be a little bump and you're going to move on to something else but but you can do it so get on those charts and start making that money