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Why Day Trading Does Not Work: Wall Street Pro Reacts to Billions Season 2, Episode 5 

Chris Haroun
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My book mentioned in the video: Finance Essentials (The Tools You Need to Succeed as a Nonfinancial Professional): www.amazon.com/Finance-Essent...
Book a Zoom call with me to discuss joining my MBA Degree Programs or for investing/business/personal development coaching: calendly.com/zoom-with-chris-...
Check out all my courses at this link: learn.harounventures.com/
In this video a former Goldman Sachs employee who worked at the top hedge funds reacts to Billions, including the TV show's accuracy and lessons that investors must pay attention to. Key topics discussed are why day trading does not work, how the most successful hedge funds make money, how governments change interest rates, how shorting currencies works, how George Soros made $1bn shorting the British Pound and much more. The video Wall Street Pro Reacts to Billions TV Show Season 2 Episode 5 contains closed captions.
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See my other Billions & finance movie reaction videos (which also teach finance and business lessons):
For all my Billions Episode Videos and Finance Movie Videos (i.e., Wolf of Wall Street and Wall Street movie), please see this playlist:
→ • Wall Street Pro Reacts...
As mentioned in the video:
How to Present | Options Strategies: Billions Season 2, Episode 1:
→ • Public Speaking Tips |...
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Here are the Clickable Chapters for the video:
00:00 Introduction.
00:32 Topics covered: 1: Why Day Trading Doesn't Work (& How Successful Hedge Funds Invest), 2: How Governments Change Interest Rates (& How Soros Made $1bn Shorting the Pound)
01:13 Topic 1/2: Why Day Trading Doesn't Work (& How Successful Hedge Funds Invest)
01:54 Window dressing and liquidity explained
02:32 Locking in your bonus & hedge fund compensation explained
03:12 Why should you never day trade?
04:47 What does Warren Buffett tell himself after he buys a stock?
05:09 Why does long-term investing work?
06:01 How to make $1mn by thinking long term.
06:37 Are the best hedge funds day traders?
06:51 Who is the most influential hedge fund founder ever?
07:07 What are Tiger Cubs?
07:14 Source of top hedge fund ideas
07:30 Do hedge funds have an information edge over you?
07:37 How to do investment research like top hedge funds do
08:38 What sources of research do professional investors use?
09:15 Always analyze the management team first.
09:29 Quantitative data that hedge funds analyze
09:46 Coming up with a target price
10:01 Why do hedge funds buy "expensive" stocks?
11:19 Why should you never let others tell you what stocks to buy?
12:47 How to come up with investment ideas
13:45 How much is Axe Capital down in the quarter?
14:06 Do hedge funds make money every month?
14:13 What happens if you chase performance in the short run?
14:22 Marking up private investments (to hide losses)
15:08 What some funds do when they are down 4.9% in a quarter
15:33 Risk management metrics funds use to minimize poor performance
15:59 There are no ethical shortcuts to short term repeatable gains
17:14 Topic 2/2: How Governments Change Interest Rates (& How Soros Made $1bn Shorting the Pound)
17:38 Why would a country devalue its currency?
18:05 How does a country devalue its currency?
18:41 Fiscal Policy and Monetary Policy explained
20:29 How the Federal Reserve increases interest rates
20:51 What happens if a country can't change its interest rates?
21:45 Why do some countries make cryptocurrencies illegal?
22:10 How does Axe plan on devaluing the Nigerian currency?
22:35 Idea dinners explained
22:52 George Soros shorting the Pound, Thai Baht and Yen (he made billions)
24:32 Rating Bottom Line (Buy, Sell or Hold Rating?)
25:17 My next reaction video

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8 авг 2024

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Комментарии : 78   
@chris.haroun
@chris.haroun 3 месяца назад
Book a Zoom call with me to discuss joining my MBA Degree Programs or for investing/business/personal development coaching: calendly.com/zoom-with-chris-haroun/financial-freedom-meeting Check out all my courses at this link: learn.harounventures.com/
@bdindial
@bdindial 3 месяца назад
Hi Chris, I do not see the link the to the book or spreadsheet.
@chris.haroun
@chris.haroun 3 месяца назад
@@bdindialPlease see the video description
@Laytongames09
@Laytongames09 3 месяца назад
hi i was wondering, could you give me some advice on how to come up with a company name?
@ilhaank_5636
@ilhaank_5636 Месяц назад
Hi chris bought the book but did not received any email for the spread sheet link
@chris.haroun
@chris.haroun Месяц назад
@@ilhaank_5636 Please see page XV, which has the title of: “Finance Essentials Toolkit 30+ Optional Downloads [Templates, Exercises, Resources and Much More]”
@ElJefe360
@ElJefe360 15 дней назад
I don’t understand why you don’t have 1 million subscribers. All this information and knowledge is priceless 😎
@subhamsaha1813
@subhamsaha1813 3 месяца назад
Unparalleled content sir! Great respect for you for putting this kind of invaluable content! No one in the industry shares the actual truth of the domain on RU-vid. Charlatan educators fooling retail traders by selling dreams. But you as a former hedge fund employee educating us and showing the actual truth. Such a genuine and unique person! Thank you.❤
@JayParikh-vi1uj
@JayParikh-vi1uj 3 месяца назад
I’m hooked on your channel with each video you put out ! Your content is so educationally entertaining, engaging & informative in a manner I wished my school and college system would be this creative in educating !! More content ❤
@movebpesp
@movebpesp 3 месяца назад
Boomer investment advice: retirement savings, invest in the S&P 500, then you have $1m which you can use to buy caramels because the houses are then $10m. Balls-to-the-wall leveraged YOLO wallstreet-bets style. This is the way.
@chris.haroun
@chris.haroun 3 месяца назад
I love it! I love your Mandalorian quote too ; ) thanks. This is the way.
@JonathanBrowneMenzies
@JonathanBrowneMenzies 3 месяца назад
Great comment, I respect your confidence. Sometimes, it works out. Just know when to hang it up, move to Puerto Rico, and sip margaritas on the beach!
@sethuchiha22
@sethuchiha22 3 месяца назад
This is the way brother 😂
@JonathanBrowneMenzies
@JonathanBrowneMenzies 3 месяца назад
This was a masterpiece, Chris. I really enjoyed your explanations & clarifications! (the props helped) Looking forward to the next video!
@chris.haroun
@chris.haroun 3 месяца назад
Awesome, thank you!
@dedwardmalick
@dedwardmalick 3 месяца назад
Excellent video, Chris. I completely agree with you about day trading. Besides, you can’t beat those Algos. What is your opinion on swing trading? Be well and have a great weekend. Best, Dale PS: Love the props ;).
@captainstrange1466
@captainstrange1466 3 месяца назад
Hey Chris, where is the spreadsheet for investment research dashboard? Is it free?
@Emmanuel-vy5hm
@Emmanuel-vy5hm 3 месяца назад
great video I love the vibe, please keep up the good work sir.
@workacc-sy4lz
@workacc-sy4lz 3 месяца назад
Been waiting for this.
@DuduRibeiro1
@DuduRibeiro1 3 месяца назад
Hey Chris! Fantastic video! Where can I get access to the stock analysis spreadsheet you showed in the video? Is it through one of your courses? If so, which one? Thanks! Keep up the good work!
@chris.haroun
@chris.haroun 3 месяца назад
Thanks it’s available in my MBA programs at this link harouneducationventures.com/faq
@ZubinB
@ZubinB 3 месяца назад
Can't find the linked spreadsheet
@emmanueladetunji9757
@emmanueladetunji9757 3 месяца назад
Amazing video Chris, thank you for sharing
@jasonturner3234
@jasonturner3234 3 месяца назад
I know you talking large pool of capitol. But for smaller guys that scalp and lock in profits with risk management whether the market goes up or down. if you have a million to 2 million you trade a $9 -11 stock and make $1,000 - $2 ,500 per penny & trade a 1 - 5 cent spread and just manage your risk you can def make a decent return. You can make $50,000 - $200,000 daily if you know what you're doing. I guess the larger position you have held would be difficult to manage because 1 or two cents could mean millions.
@bogdanb32
@bogdanb32 3 месяца назад
Great video, as always!
@BrandonClark-StocksPassports
@BrandonClark-StocksPassports 3 месяца назад
Seriously thanks man I knew I was doing it right
@vincentp.8337
@vincentp.8337 3 месяца назад
Love this series so much ! Totally agreed on your opinion about day trading ! BUT I can find few outliers ;-)
@chris.haroun
@chris.haroun 3 месяца назад
Many thanks Vincent!
@harshpathak8029
@harshpathak8029 3 месяца назад
What are your views on Algorithmic trading? Is it useful. If yes... in which domains ?
@chris.haroun
@chris.haroun 3 месяца назад
It’s very hard to set up. Please research Renaissance Technologies and Jim Simons. Thanks
@chris.haroun
@chris.haroun 3 месяца назад
Thanks. It’s in my MBA programs: harouneducationventures.com/faq
@pulasthinarada6381
@pulasthinarada6381 3 месяца назад
well explained Chris 💚
@workacc-sy4lz
@workacc-sy4lz 3 месяца назад
what about day trading in FX? or some times holding the trade for some few days?
@chris.haroun
@chris.haroun 3 месяца назад
Still not a fan thanks
@hakshustletv
@hakshustletv 3 месяца назад
Daytrading is fine, it's just not something that is as scalable as swing trading or long-term investing. With small amounts of capital it's the better option if you know what you're doing, you can do very high returns in short periods of time, as you get to 7-8+ figures, day trading no longer becomes logical. 7 figures and below, it's perfectly fine, don't like FX either but indices are great.
@workacc-sy4lz
@workacc-sy4lz 3 месяца назад
@@hakshustletv Thank you so much
@libertybelllocks7476
@libertybelllocks7476 3 месяца назад
i will say, for most part, day trading isnt for most. i day trade and a group im a part of day trades. we are consistently profitable. everything is algos moving the market.
@CurrencyWatchersCoalition
@CurrencyWatchersCoalition 2 месяца назад
Yup, algorithmic movement on the smaller time frames and institutional movement on the higher time frames.
@CurrencyWatchersCoalition
@CurrencyWatchersCoalition 2 месяца назад
This guy is naive.😂
@shobhitnarayan8361
@shobhitnarayan8361 3 месяца назад
keep doing good work
@Emmanuel-vy5hm
@Emmanuel-vy5hm 3 месяца назад
I'm still watching Billions I'm currently in season 7 I liked how Mike Prince took over axe cap.
@badyoutuber1986
@badyoutuber1986 3 месяца назад
Don't ever tuck your enemies away
@simonmahlangu923
@simonmahlangu923 3 месяца назад
Seeing Bobby loose like that really hurt me😢😢
@axa3547
@axa3547 3 месяца назад
can you please analyze Dubai Real Estate Market ?
@casualsender2316
@casualsender2316 2 дня назад
Would you consider commenting on the new HBO show industry? It’s amazing.
@chris.haroun
@chris.haroun 2 дня назад
@@casualsender2316 Will do thanks
@emmanoconer1750
@emmanoconer1750 3 месяца назад
Thanks for saying the truth
@Milly5288
@Milly5288 3 месяца назад
Great video
@chris.haroun
@chris.haroun 3 месяца назад
Thanks!
@flying_salt
@flying_salt 3 месяца назад
Hey Chris. What do you think about the so called Forex Trading Prop Firms? Can you make a video on that shedding some light on the industry? I suspect foul play. Thanks for the great content as always.
@Vikassingh-sx4qg
@Vikassingh-sx4qg 3 месяца назад
It's a great video, I used to think day trading is great, but now I think I'm most likely to win in a long term investments.
@Ozgursaglam434
@Ozgursaglam434 3 месяца назад
great video although i think background music is too loud
@chris.haroun
@chris.haroun 3 месяца назад
Many thanks. I will lower it on the next video. Thanks again
@b.7944
@b.7944 3 месяца назад
It doesn’t work but I think with a small amount it is a good way to thicken your skin. You feel and see the errors in your mindset quickly.
@YvesEnergyTrading
@YvesEnergyTrading 3 месяца назад
13:30 Huge coincidence because just a few days a ago I looked at the same lithium ETF and id my bottom up idea generation.
@chris.haroun
@chris.haroun 3 месяца назад
The ticker LIT is dope! : )
@YvesEnergyTrading
@YvesEnergyTrading 3 месяца назад
@@chris.haroun Indeed!
@TheManiHimself
@TheManiHimself 3 месяца назад
The excel is not included in the description.. kindly assist, rectify or clarify, dont want to believe this is another click bait video
@chris.haroun
@chris.haroun 3 месяца назад
As mentioned in the video, it is included in the book, which is mentioned in the description.
@TheManiHimself
@TheManiHimself 3 месяца назад
@@chris.haroun ok understood, i have intentions of purchasing your book anyway, looking foward to it may 15th!
@mercymimi4022
@mercymimi4022 3 месяца назад
waaaao intriguing Please do a reaction for all the series and episodes.
@chris.haroun
@chris.haroun 3 месяца назад
I will thanks!
@rupeshsaini2011
@rupeshsaini2011 3 месяца назад
Wise advice! I wanted to ask why only Stocks? Why not invest long term in a good Mutual Fund
@chris.haroun
@chris.haroun 3 месяца назад
Thanks! Mutual funds are not worth it for 3 reasons: 1: the fees are much higher than with ETFs, 2: Most mutual funds underperform ETFs and 3: Taxes are often higher with Mutual Funds because the fund managers usually transact a lot more than with ETFs, which results in high capital gains taxes; if a fund manager books a profit in under 1 year, then we pay more in taxes.
@hakshustletv
@hakshustletv 3 месяца назад
Daytrading works, just not at scale, up to 7 figures, you can do well daytrading (even then I'll say switch to swing trading at that point). Swing trading and long-term investing is the approach once you start to scale. Buying stock with little money almost never makes sense, if we both take 10k and you invest it in a stock that performs even 50% for the year, I'll hit that 50% in a week trading indices. However, if you take 100 million, day trading is a very silly suggestion. Long-term investing makes more sense. It's easier to do 100% return in a day with 1k than 1 million. That's the part people don't talk about. You literally can't daytrade large sums of money, you'll need to pick a handful of great picks that have decent returns, even Warren Buffett said it was easier for him to do 50%+ returns with 8-9 figures compared to having hundreds of billions under management. The options to make a good return shrinks significantly because it's just too much capital.
@teebone2157
@teebone2157 3 месяца назад
I daytrade daily with a algo and do ok hehe😊
@ZubinB
@ZubinB 3 месяца назад
As someone just starting out in this arena, is there any advice you can give me?
@hassann.mugisha6084
@hassann.mugisha6084 3 месяца назад
I do to , but the only issue is 70% lose money. But a few who make money, bare alot of patience and alot of knowledge, its possible to make money day trading but not everyone can
@deevog
@deevog 3 месяца назад
When I can't wait and want quick I thinks about day trade and I also knows it can't work, eventually I loose time and money but I'm doing it ...
@chris.haroun
@chris.haroun 3 месяца назад
I humbly recommend writing your thesis on all investments before transacting. Thanks
@semiinvest
@semiinvest 3 месяца назад
all you need is 5 percent a month on 2 to 1 leverage and that’s a 10 percent rate of return so if you have 100k you would average 10k a month and thats easy so you are wrong maybe don’t trade with small amounts of blobs even 20 - 40k isn’t much but better then the average business
@kootskilla11
@kootskilla11 3 месяца назад
Hello yeah Thank you so much Chris!! I absolutely love and watch all of your shows keep it going please! I would love an opportunity to learn how to options trade I’m trying to learn myself through td ameritrade education and I’m trying my best to get there but need a person to go more in-depth please help me 🙏🏼🙏🏼📲
@chris.haroun
@chris.haroun 3 месяца назад
Awesome! I would love to help. Please set up a call with me: calendly.com/zoom-with-chris-haroun/financial-freedom-meeting
@intanettrappin8367
@intanettrappin8367 3 месяца назад
Hedge funds have no more of an edge than retail?lol
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