Day Trading vs. Long Term Investing | Phil Town

I'm curious! Who has tried day trading before? I gave it a shot and man I blew it, long term investing is much more my speed. For more help investing, download this handy free checklist: http://bit.ly/2wqgyut

day trading is not gambling…

Regardless of whether u made it in day trading or not, its clear that u didnt learn enough about TA. Watching a pro for a week adds little if u dont have ur own strategy and read enough books about TA and day trading. your bias is clear yet understandable.

If I were to day trade, I won't be able to "go play". Lol!

I love this video

I am new trader from Indonesia. In the past 2 years, I played forex with my $100k budget. I gained profit and lost. It was stressful. Basically at the end, I lost around $20k. I use everything I know, but still. In last couple months, I decided to be long term trader with CDF. I think it suits for me. I'm never stress about it. I am more enjoy living my life now. lol.

Phil, big fan of your books. I'm actually one of the 1 out of 100 traders. I've made about 24% compounded over 10 years, (after 10 years of learning and making no gains). My approach is long term investing with multiple trades around those positions. As of now (6/21/2019) I'm initiating positions in 3M, Caterpillar, Fastenal, Tencent, Albermarle, Silver, Zscaler, EOG, and Markel. All have had nice pullbacks, all are great companies. My track record is better than most any money manager. In a year or two check my picks, they should beat the S&P. I have trades I'll throw in as well but I wont name them due to their short term nature. My biggest position I just bought is Yum China.

And I guess when we do long term investment Trading, we don’t need all that computer set up to watch every single micro seconds of the market daily results.
Long term trading can we done with a phone as long as we work hard on our financial analysis of the market, industry and companies.

I just want to use this medium to appreciate Denis law trading for ensuring I make so much on binary options

How can you buy stock without cdf? I really cant find out

Over time, I got smarter in rewarding myself trading stock since I met Benjamin Bilal

Are you a science man? You must demonstrate your statements, nobody should believe unfounded claims.

I tried day trading i made $1,500 in 4 days but then i got greedy so i lost $2,000. You a right Phil it is a gamble extremely addictive

I tried day trading for 8 months. I ended up making 22% on my entire portfolio within that time span. However, I've spent hundreds upon hundreds of hours studying the market, stressing out, and annoying the hell out of my wife. I just transferred all my money to a new broker that offers great diversified ETFs. I'm just going to invest in that over a long period of time so that I can practically be guaranteed to retire with several million dollars, with the help from compound interest, rather than retiring with a hundred million stressing my life away OR not being able to see that money because I die young. You have to find what you value and getting the highest dollar amount possible isn't worth everything. I would like to hear other people's opinions on this.

i tried day trading and made some large chunks of money, there were days when i made 5k per day, i always picked volatile low priced stocks(below 5 $) and buy them in chunks(10000 stocks) , so even if there is a 10 cent move i made 1000$, . i agree with what you say,with day trading you can never predict the outcome and can never form a model, it is very speculative

how is the risk outweigh the rewards i seriously don't get it. you said you follow a professional trader, that is the most ridiculous thing you can ever do. you should NEVER blindly copy someone. day trader has a low barrier entry but a high defeat rate because everyone loses money at some point in time and it is those who truly learn from their mistakes (aka i know why i lost and it is not because of luck it is because of (lack of volume, meeting a resistance, meeting a support, clicking the wrong button etc.)) so far i know why i lose and why i win. from my failures i am able to craft my own day trading system that filters potential bad trades. day trading is gambling, but so does everything you do in life. What i love about day trading is that you get to choose your own destiny, your own setups that are tilted in your favour. If you see a chart pattern that you have seen a thousand times before that headed in the direction you wanted, you enter! if you don't, just don't enter! I just don't get why people would just blindly diss day trading. Day trading is an actual profession which requires KNOWLEDGE AND ENDLESS PRACTICE and in NO WAY IT IS A GET RICH QUICK SCHEME. If someone who knows a little enters the market and blows their account all in one go it is their fault they didn't do their DD. By simply treating day trading as an ACTUAL PROFESSION, like a doctor, or lawyer, I believe the failure rate would be so much lower because like those professions require years of studying and practice before actually getting qualified.