How I lost $350K daytrading stocks and what I learned from it. 

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I lost 100k and my wife divorced me... so a gain after all.

You know it's real stuff when he’s living in a wooden shack

Well this makes a nice change from the usual "I made $300k day-trading" YT spam.

It seems you're referring to a potential financial loss and its impact on personal relationships. To address the potential loss of funds and strained relationships, it's crucial to prioritize communication, transparency, and sound financial decisions. Maintaining open discussions about financial goals, risk tolerance, and investment strategies can help prevent such situations from arising. Additionally, seeking professional financial advice and planning ahead can contribute to a more secure financial future and healthier relationships.

You are probably one of the most successful unsuccessful successful person on youtube

Is that why you are sitting in a wooden shed now ?

Day-trading is the hardest easy money you'll never make.

I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

"It's just not good dinner conversation material" lol

It takes guts to admit this. Techlead, you've earned my respect.

Rip thats more than my networth

Actually dude, "I just lost $350k in the stock market" is GREAT dinner conversation. You've got the wrong friends.

Respect the Tech Lead because he is honest with his viewers!

The most expensive school is the stock market.

"Money can be gained and money can be lost. Don't bet on being able to keep that money forever. -- TechLead" -- TechLead

Whenever I lose money I watch this and feel a little better

You didn't respect the StockLead. that's what happened.

"80% of day traders end up in the negative" -Dave Ramsey

My investment strategy: Buy high, Sell low.

Does anyone else use appentraq paid signals, i heard they are really good?!

"Show me the chart and I'll tell you the news." Trading by news is the rookiest mistake ever. Respect for the honesty.

Glad you stop playing in the stock market. Otherwise, you might have to intro yourself as the "DebtLead".

Moral of the story: no matter how convinced you are of being right....always have tight stops.

I lost $500 and cry at night thinking how many burgers pizzas and cake's I could have had 😔😔

My investment strategy made me 350k$ more than you. It's brilliant really, genius now I think on it. I watched some youtube videos and realised I was too stupid to trade. Made more than most traders probably.

At least you didn‘t buy Bitcoin at 20K

If you can't make money with $1000 your can't make money with $350,000

How I lost 350k... As a millionaire 😏

“Diversification” *puts all of his money in commodities*

The fact that you had $350K to invest is impressive.

TechLead - "How I lost $350K daytrading stocks and what I learned from it." Other persons - "How I am a successful trader and how you can be to." Respect

I heard a guy joke once, "there's a lot of money in the stock market; I left it in there".

Holding and hoping isn’t day trading

This makes day-trading sound worse than it really is. The problem is first, it seems like he never had a system in place, but rather, he messed around with a bunch of random indicators and tools. The chart he even shows looks like a mess; the simpler your chart is, the better because it is easier to follow (at least for most the charts I observe). Second, although it says day-trading, and correct me if I'm wrong, but it seems he was investing considering it looks like he held RJI for multiple months. No offence, but day-trading is suppose to only happen within a day and you're not supposed to hold longer than when the market is available. If you are holding overnight and for weeks, that is called swing-trading, which brings me to my next point: if you do swing trade, please set a stop loss at a resistance level because his strategy seemed to let his trades run. I don't even want to get into how he decided to follow a random website (not sure how legitimate they are) before considering yahoo or CNBC for stock market news because even in investing, it is better off that you take advice with a grain of salt because, in reality, the market is an entity in itself and typically, those publishing the advice will have an agenda for themselves (presumably). Lastly, stop-losses are imperative, but as he described, he got stop-hunted which is typically why it is always advised that you set stop losses either below your support/resistance level or at a certain percentage of your capital (typically 1% is what is advised). I'm not sure how experienced he was in trading and where he is now, but the way he described his trading experience is obviously awful and I don't aim to put him down, but rather, to inform anyone who is interested in starting to trade. There is a large learning curve that takes years of practice just like any other craft. Now obviously it did not end up well for him, but it seems he ran into the trading practice guns blazing which well not end up well for anyone. Point is, obviously not everyone will win in the market and the odds are mostly stacked against you, but depending on how willing you are to be persistent in the market, you can succeed, but it takes hours of studying and practice. Most importantly, do not go into the stock market guns blazing as he did.

"I kept believing that maybe it would go up." Let that sink in deeply.

mad respect for saying yes bro. sometimes opportunities present themself and you gotta take them. i am kind of a *High Gizmo* on the internet fan, but this recovery was a great message. you both already won for participating!

wow this makes my heroin addiction look like peanuts

"over a long period of time.." Wait.. I thought we were talking about day trading?

Looks more like you did swing trading than day trading.

You know things have gotten serious when 'as a millionaire' postfix is absent from the title

Today I am here after losing 175k as well. this is the hardest lesson i have learned from this. Dont try to get quick money in life. Work hard for it.

You forgot to add "as a millionaire" in the title

Lost 350k, wife left you and got fired from Facebook. TechLead not having the best 2019.

Didn't lose all my savings, bit started my life in debt and slept in a construction site on a cardboard box and blanket, stole food and overall didn't have a great start to life, so i feel you man. Keep doing what you do and you will pull through it eventually man.

You’re trading against the same bot that published the news.

This guy first loses 350k day trading and then loses half of his net worth in divorce. Techlead definitely not having the best year.

have you never heard of "stop loss" & "Trailing stop loss" ? how on god's green earth do you lose $50k a day? you're a mad man!!!!!!

That's not day trading, it seem you were swing trading.

Looking into trading but it scares the shit out of me. It is hard for me to understand. Much tougher than programming

2:55 You were not day trading. Day trading is when you buy and sell stocks on the SAME DAY. Looking at your tax return, you were holding stocks for years. You bought SGOL in 2010 on its peak and held it til 2014 on its way down. You were also increasing your losing position in 2011,2012. These are very bad trades.

Mr Naziri is the best, recommending him to all beginners who wants to recover losses like I did.

IN FOREX/CRYPTOCURRENCY INVESTMENT YOUR FAILURE CAN'T BE INSURED, AND YOUR SUCCESS ALSO CAN'T BE GUARANTEED UNLESS YOU GAT AN EXPERT TRADER WHO'S A PROFESSIONAL IN THE FIELD.

To be frank, this is not DAY trading. This is buy and hold (pray). Your tax return shows long term holds. That is not day trading, or swing trading one bit.

"Time in the market is better than timing the market." It's corny but true.

This video should be required watching for every non-professional thinking about any type of trading. Really interesting

Lost 11k. Manipulation in crypto is real lol

"What has losing taught us, son? Never even try." -- Homer Simpson

I feel like you wanted to be good at trading more than you wanted the money.

Fundamental problem: wild overconfidence. Correct route would have been: start by funding account with, say $15,000, and give it six months and see how it goes.

Who else came here because they just lost a stack of money?! ✨☝️🥲💔

350k??? I would have had a mental breakdown for real

I did the same, thank you for sharing🤔I don't think my wood shed I ended up in was as nice as yours😉

Finally someone that share all they history and not only the good part of it

mad respect for saying yes bro. sometimes opportunities present themself and you gotta take them. i am kind of a *High Gizmo* on the internet fan, but this recovery was a great message. you both already won for participating!

thanks for this brutally honest video. I had a somewhat similar experience in 2018 and it still hurts but this video made me feel better.

Thank you for this video. I only have about $50,000 to my name. I invested it all into the stock market in October. today I finally cut my losses when I realize that the market's never going to get back to what it was anytime soon I need my money in my savings account so I can gave up to buy a house instead. I lost about $15,000 which is nowhere near what you lost but relative to what I have, feels like I've lost everything. Video made me feel better thank you

Really educational video, thank you for sharing all aspects of life including your failures.

“How I lost $350,000 daytrading, and why I live in a shed now” could be a title for a book

I got liquidate twice today incase you think futures trading is as easy as traders post about it. The risk involved is too high and some time SL won't work.

zero risk management is written all over the video

"He doesn't want a lambo because he already lost one"

*Mr High Gizmo, I would like to sincerely thank you from the BOTTOM of my heart! So many from tough harsh living conditions that suffer and you helping and giving them something that they desperately need just to survive. I thank God for wonderful people like you that are making the differences that truly matter most! God bless you High Gizmo!!! Love from Greenville NC*

I lost €200K in 2008-2009, but at the annual salary of €20K... From the top to the negative because of leverageing!!

You only lose if you sell. I have a similar story with AAPL stock. I sold after a 45% downturn over a 4 month period, and lost the rest in day trading. If I had just done nothing, and still owned the AAPL shares today, I'd be worth roughly $1.5M. Selling at the bottom is the exact opposite of what should have been done. Buy at the dip, and wait for the rebound, and you will never lose as long as your investment is in a strong growth oriented company.

*Mr High Gizmo, I would like to sincerely thank you from the BOTTOM of my heart! So many from tough harsh living conditions that suffer and you helping and giving them something that they desperately need just to survive. I thank God for wonderful people like you that are making the differences that truly matter most! God bless you High Gizmo!!! Love from Greenville NC*

Sounds like you didn't have a trade plan and you were camping out on your positions for two long. With proper risk management you can loose 50% of the time as long as your wins are bigger than your looses.

I know a gazillion people who enter the share market and make money. Then they get confident put a lot of money and lose everything.

But that’s not really day trading.

For a while I struggled with series of reoccurring losses trying to find good footing in the stock market, now I make almost thrice my old salary and even more with the help of a professional trader

Good things are:- 1. You had 3.5 amount to invest 2. You are still Alive 3. You are full of Courage to tell others

Lol this makes no sense.. You had $350k and you're an ex google tech lead working in the tech industry for how many years? All you had to do was invest in the company you were working for or any other software company and hold the stock and you would've made money.

INVESTING PROTIP: Don't gamble on leverage. That's the takeaway lesson here.

I worked in biotech for years, I was on the "inside" watching what they were saying on the "outside". Companies lie their faces off, they just lie lie lie, how can you "research" a company if they're lying to you?

Damn. And now he lives in a shed.

Fibonacci, Bollinger bands, you don't need them. Always have stop loss, sell at a pre determined percentage of profit. Cut losses quick

You made me feel better. I lost 3-4k in crypto and thought it was bad. Couldn't imagine losing 350k. I guess it's all relative.

It's okay... I lost 25k...And I felt like trash for about a week.. but here im back at it again..hahaha

This is very misleading - by your own admission and evidenced in your own documentation you held onto these stocks for years at a time. This is not day trading this was an investment that went bad.

90/90/90 rule: 90% of sole traders lost 90% of their capital in the first 90 days of trading.

First rule of daytrading: Don't start daytrading

intresting but THIS is not daytrading xD

This is a very important video. Thank you for sharing. I believe, we need a video like this, for cryptocurrency, to bring us back to reality.

Have you spent more than $350,000 on coffee yet? Dollar cost average, buy and hold a diversified portfolio, get rich slowly.

The trick to day trading, or trading in general is this: Nobody knows where the stock market will move or what will cause it to move. Nobody on wallstreet knows, no youtuber knows, no finance expert or economist knows. Once you understand that, you can begin your journey on being profitable.

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.

You also missed the def of "Daytrading". You literally held for more than a day that makes it a long term swing loss. lmao

I had an extremely similar story but with 120k. I went insane trying to figure out the unicorn pattern to becoming a millionaire.

Most traders blow their account. max is 2% of account use to trade, use stop loss, demo first and back test, trading plan

Thank you for posting the most “human” video. I lost $250K in the stock market in 2021 and I’m still trying to stomach that loss