My Life as a Day Trader: A Hard Way to Make an Easy Living!

My Life as a Day Trader: A Hard Way to Make an Easy Living!

Show Video

[Applause] [Music] uh [Music] oh man it's too early what should i wear today i know it ain't gonna be that how about sweatpants [Music] t-shirt [Music] living the life well scoutmaster has more than one meaning if you know what i mean you guys always ask me like how do i get my hair to look so good one of these three times a week for those of you that are curious so i'm a scalp trader and i scout my hair today [Music] well it's time for the long walk to my office but before i get to the office i got to stop and everybody gets their morning cup of joe i'm not about that i i drink iced tea or gatorade snapple's actually my preferred thing arizona iced tea is really what i like to drink in the morning so all you coffee lovers out there sorry this this is where the magic happens because without my water my arizona iced tea i'm nothing in the morning absolutely nothing every day five days a week damn dude that's a serious champagne collection come on man it's work time i gotta go make some money i can't afford that champagne without making money let's go come on man all right so i'm at my desk guys i opened up my tradestation my trading platform and i'm getting ready to create my morning watch list i'm a gap trader hence the name scoutmaster i love trading the first 30 minutes of the market open so in order to do that i need to create a morning gapless i mean there's like four or five thousand stocks in the stock market and gosh if we if at 9 30 triggered and we don't have anything to watch and we're going to be like elmer fudd like chicken would run around with their head cut off so what i'm going to do is take a list of dollar gainers and dollar losers and i'm going to create a gap list from it in hopes of taking down those like 4 000 stocks down to maybe like 10 or 15 favorite ideas and then once i get those 10 or 15 ideas i'm even gonna dwindle it down even a little bit more to maybe like four or five just top top watch ideas so i'm gonna do that and then i'm gonna give that list to my members in the chat room and then i'm going to explain the list to the members in the chat room they'll probably be about time for the market open good morning live traders it's money making time hope you guys are doing well um we're going to get started here guys in just a second we're going to take a look at the qs and the spy see what direction we think the markets are going to head after that we're gonna go over our gap list guys and remember the gap list this is the vehicle in which we're gonna make money from so take it very seriously when we're finished going over and reviewing the gap list we're gonna build a favorites list basically what we're gonna do there is take the best of the best and make them better okay just remember the price points that i put on that favorites list they're just areas of interest because we are pattern traders we never take a trade without a pattern if you do you are a gambler and we don't gamble here at live trader so let's dig in guys let's get started [Music] b-i-l-i another similar stock um to boeing right another similar stock why because the stock is getting hammered right it's going lower lower lower lower lower lower and friday it looked like it was going to bounce it was looking really good it tested the 70 area and then got slapped i mean just yeah just slapped um pull all the way back to 66 now it's gapping to 68.76 what's the problem the double top now right now we have a double top at 70 to 70 50. um so if you take a look at this it's near 69 but you still have a dollar fifty before you can do anything with it so this is one that could very very very easily be on a backup watch list or not on the list i'll repeat that this one could very easily be on a backup watch or not on a list at all it's got to get over 70 average uh trading day for this is about five bucks um somewhere around there volume is fine 10 million shares so it does plenty of range right go a dollar fifty it should have three bucks left but i like it over 70 50. pseudo double bottom re-test a little higher high possible all right guys so i just finished uh talking to the chat room building our gap list building our favorites as we've dwindled our list down to like our top top ideas we got about five or six minutes right now before the market opens i like to take this time to decompress just a little bit and usually honestly i go down and say hi to my kids because they're getting ready to go to school here in a couple minutes it's one of the beautiful things about this job right i get to see my kids go to school and i get to see them come home from school [Music] daddy hey guys how you guys doing yeah you getting ready to go to school yeah you're gonna have a good day at school today what after school oh you eat cereal before and after school yeah do you guys have any game set like cheer volleyball sports karate today seriously well that's rare well i guess i'll see you guys back at home for dinner tonight yep all right love you guys you gotta get back to work [Music] all right guys the market's about to open we're about 30 seconds out here save your pages know what you want to trade remember guys we have a favorites list for a reason i really like billy it wasn't the world's best gap but i really like billy over that 70 dollar area um so again save those pages and focus so what i'm doing right here is we're the market's literally about to open the next 10 seconds um so we just want to know what stocks we're absolutely going to trade i have my battle station open i'm just focused at this point okay so we're gonna see if we can catch one or two good trades today make a thousand two thousand bucks and just walk away in 30 minutes keep an eye on billy guys keep an eye on billy i want to watch billy the problem is it's right at resistance it would be like 70 by 69 on billy all right guys so 70 by 69 on billy i'm gonna type it in now billy 70 by 69.

guys i'm gonna change billy 69.80 to 68.80 change billy 69 actually make it 85 by 68.85 guys what i'm doing right here is i'm looking for like a one minute breakout on billy it could be a five minute three bar play it hasn't triggered yet we really honestly we want to be over the 70 area but i'm going to sneak in a little bit earlier actually we already snuck in a little bit earlier at 69.80 and the problem is as soon as it freaking filled me the stock immediately pulled back against me and why is that important it's important for two reasons because we really should have waited for 70 to get into this thing so we got in a little early and you never know sometimes they won't break 70. so this

thing filled me 6980 and immediately pulled back and i was down like four or 500 bucks on this thing but the good news is it held my stop loss okay and if it went below it i would have taken the stop but it helped my stop loss and then it consolidated a little bit more and i was able to raise my stop loss up to 69.25 so i had about a 500 risk and i ended up making just about a thousand bucks on billy so it turned out really nice why nice daily chart nice gap nice pattern nice result all right so jason's asking hey jared what do you think of this breakout on tesla you know around 790 bucks honestly i haven't been a huge fan of tesla recently it's been pretty choppy um but truth is is like honestly this thing looks pretty damn good over that 790 dollar area [Music] all right so the trading day for me honestly is over the actual trading i made a couple thousand bucks today on two trades uh billy was one of them and now it's my least favorite time of the day i'm gonna answer emails i get over a hundred emails a day and i love you guys but honestly sometimes answering emails is the bane of my existence but i gotta get through a few emails before i do today's lecture because i do a lecture every week for our members in the chat room those are those awesome lectures that many of you get to see on youtube so answer some emails hit the lecture and then i think it's time to grab a bite to eat [Music] i don't like answering emails it's one of the least favorite things in my day but these these types of emails man they keep me going when somebody says literally i want you to know your guidance has changed my life not just my trading life but my personal life man doesn't get much better than that makes answering these emails not feel so bad today well i didn't quite finish all my emails just yet but i got to put that aside for a second because it's lecture time i do this every week 30 minutes to an hour lecture for my live traders chat remembers i put some of them on youtube it's the favorite part of the week for most of these folks let's get to it [Music] did you get everything you need because i've been up since five i'm starving i usually eat it like 10 in the morning it's freaking noon are you ready you want to get some meat all right let's go man [Music] yeah so pretty productive morning you know made a couple grand um you know in about 30 minutes or something like that you know it's interesting because like everybody thinks trading is is so exciting and everybody wants to be a trader but i'll be honest with you guys like it's a pretty boring business it's an it's an unbelievable business like you know the freedom the flexibility like we're heading out to lunch now i get to kind of do what i want if you work hard for a couple hours a day but at the same time it's not an easy business like you're going to cut your teeth you're going to take a couple years to get really good at this maybe longer than that but i guess i see everything online everyone's like trading so glamorous oh look he's into mclaren and all this other stuff but that's that's not what trading actually is man this just hard work it's kind of like when you see a professional athlete you see them on the court you see them dunking the ball right you see them hitting a 330 yard drive you see all the good stuff what about what you're not seeing like i mean gosh you know a football game lasts 60 minutes what's tom brady doing when it's not that 60 minutes right it takes a lot of time a lot of effort to get to that high level and most of that time and effort is when no one else is looking like you're you're making your money when the market's actually not open and that sounds crazy to some people but what i mean is you're learning the process you're learning the entries the targets the stop losses the good money management when the market's not open right you're studying you're talking to your accountability partner your trading buddy all that good stuff and that's where you're actually making your money so trading is a wonderful business i would highly recommend anyone to try it but don't come in think it's going to be easy because it's not [Music] honestly man like everything's good here i love their uh the crispy chicken sandwich is pretty awesome they're grilled salmon is good debs pasta honestly everything's good here their piece is actually really good too can't go wrong and they have baller wings too [Music] looks like uh looks like i got a side some side marker fault so um i'm gonna stop by the uh the mclaren dealership uh just for a quick second i have those guys take a quick look at it i don't think it's a big deal at all [Music] [Applause] this is probably the highlight of your day seeing me man know conditional uh conditional statement right i mean why would it be the highlight of my day because i brought you chocolate a couple weeks ago that's how nice of a guy i am and that was a couple of weeks ago today's a new day well i'm back here today look i'm dropping the car off for some service and i want to know if you got anything for me today like you know what i want as luck would have it 675 lt no it's not what i want 765 show me the 765 come on man you've been holding out on me for a while and you tell me they're sold out you can't get one they're sold out how many mclarens do you have to buy to be a good client [Music] i don't know ellen this thing uh it feels pretty comfortable i think it suits me is what i'm trying to say yeah and it has the comfort seats which actually i would prefer because i'm not going to take it on the track every day man this thing's pretty freaking sweet so i guess the 64 000 question is um it says uh it says 491 on this little sheet right here yeah i have a sneaking suspicion that it's not 491 for some strange reason would i be right well once in a while you know isn't it the saying a broken clock is right they say twice a day i say once a day because i go by military time okay damn guys i think what he's saying is they want like a five or a six in front of that four instead of the four in lieu of chances are good what do you guys think is that worth it [Music] i gotta say for as much crap and as you give me you treated me right i've had a couple mclarens you guys have always done me well so if anybody out there if you're into mclaren's talk to this guy aylon at mclaren scottsdale he's the man he'll do you right [Music] oh my wife's calling and she never calls dude unless there's something wrong hey babe what's up you need me to pick the kids up at school what's going on you got a flat tire okay are you is everything all right do you need me to come help you out no you called triple a all right i gotta run home though cause uh i'm not in the right car to pick them up so um what time did you picked up yeah all right i got to stop at home but um i'll get them yeah all right good luck if you need anything give me a ring all right love you bye all right let's go dude i don't i don't get it man like since we've been married she's got two flat tires she's been in two fender benders and the kids scraped one of my my son scraped the whole side of her car so she said basically five things happen to her car and i haven't had anything happen to mine in that whole freaking time so i don't know if i'm just being mean or if like maybe maybe she doesn't care as much about cars as i do i don't know what to say but it's expensive that's all i got to tell you [Music] what are you doing cause your mommy got a flat tire is it is it okay that i pick you up from school sure sure you're not happy to see me ty ty is happy to see me right yeah so hey dude how was your day at school man yeah did you get a gold star or did you get a frown face or a smiley face or what yeah you don't do that anymore but you didn't get in trouble right no you were a good boy all right how about you girls you have a good day at school yeah yeah anything exciting [Music] ah you want to stick around for some dinner dude no i'm down i mean i got some steaks here and uh the kids are sounding pretty hungry so you guys throw something hey together what you doing no you're just hanging out yeah yeah you want to help me cook sure yeah have you ever barbecued steak before no no you want to help me flip them sure yeah boy so handle down we take it flip it over oh that looks nice that looks nice that looks nice all right you flip that one go ahead go ahead yep go ahead turn it over there you go good job [Music] so i hope you guys got a little glimpse into my day-to-day and honestly every day is a little bit different the one part of my day that stays pretty much exactly the same is my morning routine you know waking up early at five o'clock and then heading up to the office there and doing my morning gap list and then running the chat room trying to make some money answering some emails um you know that's that part stays pretty much the same uh and i hope you guys got to appreciate you know how i scan for stocks and things of that nature and then you know today was a little bit unique in that i had to pick the kids up from school uh my wife got a flat tire i had to stop by the mclaren dealership and and get some you know updated codes and all that other stuff but you know what that's the beauty of this lifestyle right i mean not everybody gets that kind of flexibility i get to see my kids before work i get to see my kids after they come home i cook dinner for my kids we have dinner together like that to me that's worth more than the money i've been fortunate to be successful and you know everybody looks at the lifestyle but the truth of the matter is forget the material stuff it's the time you spend with your family the flexibility like i get to go out and have lunch when i want i get to go pick the kids up if i want i get to go spend time with the family and the kids kick the ball whatever right that's what it's about for me and i hope you guys can see that that i get it there's a lot of single folks out there and you want to go get it and have all the cars and all the houses and i like those things too but at the same time i just want to be a better dad i want to be a better husband i want to be a family man and trading has allowed me to do that but just keep in mind everything you saw today that took a lot of time man a lot of work a lot of effort i mean it was years in the making i've been doing this for 16 17 years you guys are coming in and you're hoping in three months that you're gonna kill it and crush it like i tell everybody if you break even your first year in trading you had a good year you were successful if you break even your first year so you can do this you can have all this you can live the life and have the nice cars and have freedom and flexibility and not have a boss but you're gonna work for it man this stuff ain't easy this isn't some google advertisement that you're seeing out there so anyway i hope you guys enjoyed this video please put some comments down below if you want to see more of these types of videos or if you have anything you want to comment on my lifestyle or this or that just let me know and see you guys again [Music] [Music] you

2022-01-06 19:01

Show Video

Other news