Everybody on RU-vid has awesome adventures and stories to tell. Not me. I’m just a normal old guy making my way. I have a regular job, a family a dog and some fish. But is that really normal? You tell me. I think I may be older than 90% of the RU-vidrs, who cares. There is still a lot of life, thoughts, adventures and more that need to get out of me head. RU-vid is a great outlet for it. This is not my first launch onto RU-vid. This will be the best! Sit back and take in the life of a boring old man.
I had mine for 10 years until the gasket started to deteriorate and no longer kept a seal. As a result there would be mold buildup. It was good while it lasted. I recently purchased a Member’s Mark pellet smoker and it’s way better than the Masterbuilt because it’s larger and it also has a small compartment for wood chips and chunks.
Wow! 10 years is pretty good. I’ll have to look into the Members Mark when we replace ours. I like the electric because I don’t have to babysit it as much. I’m always doing multiple things when I’m smoking. Thank you for watching and your insight. I’ll have to watch for the seal deterioration.
Thank you. It’s been since December and they are still working. I have them in the back yard. It would be a shame to put them in the garage. Thanks for watching!
Great video. I’ve learned the hard way that sometimes you don’t have to wait for your take profit to hit to close out your trade and take your profit and run to the bank lol. And biggest thing I’ve learnt is just because you see an opportunity doesn’t mean it’s your opportunity wait for your moment and follow your strategy and go for it and take it from there 🕺☝️Thank you for the wisdom buddy 🙌🙌
Thank you. It’s taken a while to get it somewhat right. The biggest thing, keep learning from what you’re doing, make corrections and be patient. This is not a sprint. Good luck & trade safe.
As a beginner trader with a year under my belt this is a wonderful video!! Thank you and totally agree you don’t need so many indicators to get the job done they’re all the same thing and you’ll never get to master any indicator or strategy if you keep jumping to the next latest and greatest indicator 😂 and hey if this 50 year old can learn to day trade there’s no excuses guys put in the work🙌💪🏽
First, thank you for watching. I appreciate the great comments & feedback. I'm writing the script for the next one to dive into the indicators. Best of luck in your trading, be smart & stay safe. I hope you like the channel. -Bill The Boring old Guy
@@LifeofaBoringOldGuy Loved the video Bill definitely do one about some simple indicators that most platforms have that if you learn how they work doesn’t matter where you trade from you can have the ability to trade and potentially make money
A big problem is that a lot of people just wanna get rich quick. If a stock rises you already have to be in before it starts. If you want to be "sure" to be in before it rises you either have to have some knowledge to get in just the moment before it rises or you have to be in way earlier and have to wait till it rises again. And if you can't handle the fact your balance is down because you already think it's a 100% loss why would you even be in it? Wait till it's low enough, get in, ride the roller coaster and sell high(er). Easy, but you have to stick with it (in theory) 😅
Good stuff. You’re right. A movement starts and people think they must get in or they will miss an opportunity. Typical FOMO. Patience, waiting for the right time to enter and avoiding greed by taking a profit when it happens. It’s a marathon, not a sprint. Small incremental gains over a long period of time. 1% better every day. Thank you for watching and your comments. I hope you continue to watch.
Ugh! I feel ya. I’m going to get deeper into the dip in upcoming videos. I hope you come back for more. The dip is my favorite pattern. Thanks for watching!!
The truth is the manipulators move the stock against all day trader. All wall street firms are in on it. Brokers, Clearing, Market makers, hedge funds...notice how they never lose? Its a computer program (algorithm) they use to sweep as many positions away as possible. Sure a few win...but not consistantly. The best chance you have is to trade on higher time frames like 4h,daily charts.
Thank you for the feedback and watching the video. Everyone has their own plan which pulls from others. I’m going to go into my plan in later videos. I always look left to see what the longer time frames show. Have a great week.
Right! The big billion dollar traders use their time and money to move a trillion dollar market chasing 10% of the market to get what would be 1% on their money when they could just buy bonds and get 4%+.
Hahahaha! That’s the set up. I’m not losing anymore. This series is talking about what I’ve learned and how I’ve changed it around. I know it’s not for everyone, and I’m cool this that. Thanks for your feedback.
You should watch because nothing is a better learning tool than failure. When you can learn from this man's failure without risking your money its a double win for you. Remember the saying "Sometimes you are right. Sometimes you learn."
@@kingmike40 I have a boss in sales a while back, John King. He would always tell us, "you're either learning or you're earning." Those have stuck with me a long time. If one person can earn from my learn, than cool! Thanks for your comments and I hope you'll return for more vidoes.
So true. People are naturally afraid to take a risk. Whether it’s a job, career or striking out in their own. We are drawn to security. Thank you for watching and thank you for your comment. I hope you return for more.
But it seems few have learned anything since the 2008 GFC. And I don’t see many ask8ng the most important question when it comes to the economy .. why? Why have things ended up the way they have economically. And now they’re facing an evern worse recession.
i like to buy 1 or 2 shares, because that triggers the stock to fall, and then i buy the bottom and then it falls some more, then i sell and it goes up, but i have secret account they dont know about so its a "sell" but really i only sold it to trigger it to go back up
First have discipline when buying. Wait till it goes down then buy. If you buy when its up then it goes down 30 % buy more and it will average out now your in a better position when it goes up. If you took the loss its your fault!
Great stuff. The drop is a big component of my trade plan. I’ll be going into that in future videos and shorts. Thank you for watching and your feedback. I hope you return for more.
I live frugally and we fully fund my wifes 401k each year ($30,500 in 2024 because she turns 50) and we fully fund our IRA each year ($8,000 each since we are both over 50 now). Thats prob more than half of her annual income, but hopefully she can retire soon. Im working on a trading strategy now that has been working that I hope will replace her income so she can retire. I just need to get us by until 2028 when she can take her state pension early. After that we should be good.
Oh also. Fyi. I have my credit card at Fidelty and earn rebates on what I spend and when I earn those 2% I think it is cash rewards they go into my broker account. There I invest them and I pay everything I can with my credit card and my broker account has grown dramatically using this strategy over the last 15 years. I opened up my son and daughter with the same thing the last 4 to 6 years and now they have a nice little broker account earning them money. They don't have many bills, but I think my son already has around $500 of free money he built up and I make them fund their 401k and I help fund their IRAs so they already about around 75k and 50k and they are 22 and 24 years old this year.
Good stuff! She’s got a keeper! We’ve never been good at saving. It’s only in the past few years we have gotten more disciplined about it. Well, I have. Best of luck developing your plan. Remember it’s your plan and what works for you. If it’s working, stick with it until it doesn’t. Adjust and move on. Thank you for watching and I hope you come back for more.
I might comment that one of your best points was about keeping your watch list limited to 10 stocks. I actually , after decades of trading, realized that limiting your list is one of the most important points. I actually only watch about 6, the same 6 most of the time. That means, you MIGHT not see a good set up every day, and that's is alright. There will always be trades. If you have too many, no way you can stay focused.
Thank you for that. Of the 10 I have, I only focus on 2-3 each day. That helps also. I suffer from shiny object syndrome like most traders and the limit helps. I appreciate your comments and hope you enjoy the future videos.
Yep. I'm a professional options trader. I have made nearly $400K already this year - and I don't trade ANY individual stocks. I literally trade just three indices: S&P, NASDAQ, and Russell
@@luisdetomaso867 Keeping it simple, love it! Keeps you focused & disciplined! Great job in '24 so far. Hope the rest goes great for you. I traded options and was WAY to undisciplined.
If your thesis was wrong and a stock you picked goes into big drawdown, you should not just hold it blindly. Instead, reevaluate the potential of the stock to recover. Warren Buffett once said "you don't have to make it back the way you lost it". Many times it's better to take the loss and put the money to work in a different trade with better potential
Yes, I’ve read that also. I never go into a trade blindly. Nor would I recommend that. I’m ok with a drawdown that I have to hold for a few days. For me, this is not a sprint to make money quick. Its small incremental gains compounded over time. I appreciate your feedback and hope you enjoy and comment on future videos.
Yes! Revenge trading is extremely unproductive. I’ve done that in the past. Thank you for your feedback and I hope you enjoy and give feedback on future videos.
You simply cannot 'refuse to take a loss' if you're buying individual stocks. Sooner or later it will happen. If you were to buy index ETFs you could do it. Plant small seeds and wait for it to become a huge tree...it takes a lot of time.
I have an E*Trade account where I grow my trees. That is my “safe” growth account. I should address that in an upcoming video. You are correct. All trading plans work until they don’t. I’ll see how long this one does. I appreciate the feedback. I hope you enjoy future videos and continue to give feedback.
Bros running the country. He ain’t gonna be energetic the whole time. He still been doing speeches despite his “ dementia” y’all keep saying is “confirmed” for 3 years now. Biden 2024
I tend to doubt he’s running the country. I’m sure at this point, there is a team behind the scene doing all the work. It’s time for a huge shift to happen. Get rid of the old guard.
@@LifeofaBoringOldGuy yeah im sure ur gut feeling knows best. Also u wanna replace the old guard with who? A over 75 year old billionaire? He’s not any different.
I used to keep the meat in the smoker the whole time to let it get up to temp even after finishing smoking but I started finishing in the oven, I figure it’s less wear and tear on the smoker.
I’ve heard people do the same thing. Once you get to the point of wrapping it in foil, then you don’t need the smoker. Yes, less wear. Thank you for watching!!
