Auto news on Youtube Sep 30 2018

Why 90% of traders lose money my name is David Jaffee from BestStockStrategy.com I

earn around a million dollars a year by trading options and I teach my students

how to make successful and profitable trade so they can consistently earn

money in the stock market so I saw this video from Sky View Traders and I

actually think it's complete bullshit because the reality is that I believe

that 100% of traders who trade penny stocks for day trading or

buy options or sell futures or engage in forex I think that they lose money like

100% of them I've never met a successful day trader or anyone who uses

technical analysis etc and you know I should have a pretty substantial

pedigree like I graduated from an Ivy League university with a 3.8 GPA I

worked as a Wall Street investment banker and completed $5 billion - $10 billion

dollars worth of transactions and I did that for five years actually left as a

Vice President in Investment Banking and I'm actually a super successful trader

who post my full trading statements and a screen recordings that show my entire

transaction history but if you don't believe me and you wanna think I'm

bullshitting then that's completely cool like I respect your opinion and I

understand that not everyone is going to agree with me and I'm not trying to

change anyone's opinion I'm just telling you what I believe at this specific

moment and what I believe is that not 90% of traders lose money I believe that

a hundred percent of traders lose money as long as they are not following the

strategy that we teach and the strategy that we teach is you need to sell option

premium if you want to have a long-term chance of being a successful trader in

the stock market and the reason is it's just probability of profits right if you

buy options then you have a 30% probability of being profitable so yeah

three out of ten times you're going to earn I don't know 50 or 100 percent of

an option but the reality is that people tend to be greedy they tend to you know

they give in to that agree they tend to lose more than they win

when you have something that has a 30% probability of profit the more

occurrences and the more time we make that trade the more money you're gonna

lose so when you day trade the probability that are gonna make money on

any one specific trade is probably around forty or a maximum of 45 percent

manufacturing commissions when you use technical analysis which you're

essentially day trading you're probably going to be profitable on I don't know

42 to 45 percent of your trades maybe 40 to 45 percent of your trades so you

might misattribute the winning trades that you have to actually skill when the

reality is that they're just purely luck and that's part of the expected return

so for example you might win forty to forty five percent of your trades and

then you might think that it's that is skill and that you're trying to develop

a system to increase the probability to around 55 or 60 percent but the reality

is that you are not you're going to keep your win percentage at forty to forty

five percent and the more trades that you make the more the higher probability

is that you're gonna lose and you know you might have months where you make a

lot of money just like if I flip a coin a thousand times there are going to be

ten heads in a row and there's gonna be a time where I get like ten tails in a

row or maybe not ten but it's definitely gonna be if I flip a coin a thousand

times there's definitely gonna be a few occurrences of six heads in a row six

tails in a row I mean that's just statistical probability that you're

going to have those strings and that doesn't mean that I am any better at

flipping coins and having it land on heads it's just the probability of

profit so the point that I'm making is the reason why 100 percent of traders

don't make money is because they are not following our statistical probability

and the probability of profit which tells you that the only way that you can

make money consistently in the stock market as a trader is by selling option

premium all of these people who try to sell you a product and they tell you to

use technical analysis and look at charts and look at patterns and buy

options they're complete scam artists so like Jason Brown, Jason Bond

Tim Sykes they're not profitable traders are just

selling you a bullshit product so the only way to make money consistently in the market is

by selling option premium and the reason why a hundred percent of the traders do

not make money is because the probability of profit dictates that the

longer you trade something that has a probability profit of thirty to forty

percent the higher the chances are that you are going to lose all your money

this is David Jaffee from BestStockStrategy.com Please like comment share and subscribe

this vide to this video into this channel leave a comment below anyone who

leaves a comment I do respond to it and I'd be happy to help you you can go to

BestStockStrategy.com enter in their email and receive $400 dollars worth of free training and

if you have any questions let me know I'm sorry for the baby noise in the

background alright my childhood just got back and he's a toddler and he's

screaming so I apologize for that but hopefully you've been able to get some

valuable information and out of this video if you have any questions I'm here

to help you thanks again

For more infomation >> Why 98% of Traders LOSE MONEY [Learn to Be a Profitable Trader] - Duration: 5:18.

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How To Make More Money - Make Money With 1 Simple Rule - Duration: 5:45.

if you want to learn how to make more money in your business and your job or

in your hobby whatever you're doing stay tuned to the end of this video because

I'm gonna give you the one irrefutable law that you need to know about making

more money and how you can change your life in doing so and that's coming up

right now what's going on guys my name is Gabe Ekemezie I'm your internet

marketing guide and welcome to my channel on my channel I talk everything

entrepreneurship and I help people build their business and brand online so that

you can live the life that you deserve so this is your first time stopping by

feel free to subscribe to my channel and in this video we're talking about how do

you make more money okay I'm gonna dive right into it because it's a really

simple concept way that you make more money and whatever industry you're in is

by bringing more value to the marketplace you would get paid based off

of the value you are bringing to the marketplace so what does that all mean

so a man by the nerve Jim Rome actually was the one that brought this and if you

don't know who Jim Rohn is looking he's an extraordinary speaker and a wonderful

mentor why does some people get paid $9 an hour and some people get paid in 90

dollars or even 900 dollars and our reason is because that McDonald's worker

and respect McDonald's workers they're getting paid in $9 an hour because

they're bringing only nine dollars worth of value into the marketplace for an

hour now if you want you could storm into your boss's office and demand a

raise regardless that's not gonna be a huge change in your income at least it's

not gonna be life changing income you get paid more by increasing your value

and I can illustrate this by Jim Rohn story Jim Rohn way back in the day he

was 25 years old broke he was newly married creditors are calling him and

one day he actually had to lie to a girl scout saying that he had already bought

some cookies earlier which he didn't just to get the girls got to leave

because he didn't have enough money to afford the cookies and at that point in

time something really happened to him and he changed and he was like you know

it this is bull I don't want to be doing this anymore in five years he turned it

around made its first million dollars and years later he gets a call from a

company that requests his help to expand globally this call ends up being worth

millions of dollars so question you gotta ask yourself is how does a guy go

from broke 25 year old barely can afford a girl

scout cookies let alone his bills to getting calls worth millions of dollars

the answer is he increased his value he became more valuable in the marketplace

so here a couple tips to help you actually increase your value tip number

one is you want to learn on improving yourself if you work harder on yourself

versus your job you will increase your value and you will get paid more

accordingly those last time you read a book or bought up courts or visited a

seminar tended a mastermind in order to either learn a new skill or to develop a

skill that you already have and if your answer is I don't know that's ok hey you

know but you got to think about this if you're not investing in yourself and

developing your skills you're staying on the same Lane and you're getting paid

the same way because you're not increasing your value so focus on

improving yourself the next thing you want to focus on is results or our

results are the name of the game and the reason why you want to focus on results

is because what doesn't get measured doesn't get managed so if you're a

salesperson and you're supposed to make 10 sales calls a week and the end of the

week comes and you only made to look at the numbers your results don't lie all

right the truth will set you free and that truth is you're messing up you need

to change your ways change your habits and start making ten calls a week so

that you can start getting the results that you want in life or ask to make

measurable progress within a reasonable amount of time you want to use results

as your ruler as your measuring stick to see where you are and to see where

you're going and to kind of gauge between them because your results are

gonna help you gauge what you need to change and help you develop the right

habits that you need and continue to increase your value in a positive manner

last but not least you want to focus on mastery versus multitasking and now a

lot of people don't make progress because they're just trying to do too

much they're just trying to juggle too many things at one time nobody said you

can't do more than one thing but if you're just getting started and you

haven't mastered something for it master that one thing for it so the reason

being when you master something for it your value increases significantly like

the saying goes I don't fear the man that knows 10,000 cakes

I fear the man that knows one cake and has practiced it 10,000 times

anybody that's professional in this that's making a good amount of money has

mastered a sign crap think about LeBron James he's messed the craft of

basketball or Elon Musk who's mastered the craft of entrepreneurship and

building businesses find a problem find something in the marketplace master of

craft where you fill a need and you solve problems when you do that you are

gonna get paid accordingly and your income is going to grow and that's it

guys that's how you get paid more that's how you increase your income it's by

increasing your value you get paid by the value you bring to the marketplace

and the way that you bring value into the marketplace is by first increasing

the value of you you gotta learn to work harder on yourself versus work harder on

a job or work harder and any other things by using results as our guide by

building the right habits and by focusing on mastery versus multi-tasking

to help us continue building our value up and if we build our value of the

marketplace we'll pay accordingly I promise you that so that's it guys I

hope this video was helpful for you if you haven't subscribed to my channel yet

go ahead and do so and also leave a comment down below with any of your

thoughts once again my name is Gabe Ekemezie thank you all for tuning in and

I will catch you guys on another video