Day Trader Reacts: How I Lost $350K Day Trading Stocks by TechLead

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@TechLead 's video- How I lost $350K day trading stocks and what I learned from it
https://youtu.be/5IcvRe8bQhU

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Today we're discussing TechLead's loss of $350,000 from day trading in 2014 (with TechLead's permission). TechLead dabbled in trading commodities ETF's, specifically precious metals such as SIVR, RJA, RJI. Commodities had a good initial uptrend in the first half of 2014. However, the multi-month again was beaten down and trend reversed. This is known as the Commodities price shock 2014. Unfortunately, he was caught with a huge long position during that reversal, in which the prices of global commodities dropped -38%.

Here are some lessons all beginner day traders should learn from TechLead's experience:
1. Never baghold your losers, or even worse, average down to a losing position
2. Follow your stops. Risk management is key in day trading
3. Don't get too overconfident with beginners' luck day trading
4. Don't start doing the research or analysis after you're already underwater. You'll become even more biased and hold on to your loser longer.

References:
https://en.wikipedia.org/wiki/Commodity_price_shocks
https://blogs.worldbank.org/developmenttalk/where-commodity-prices-are-going-explained-nine-charts
Why Graham Stephan is WRONG about Day Trading
https://youtu.be/dobSsEGMmV0
How much MONEY do you need to Start Day Trading? (How to Day Trade for Beginners)
https://youtu.be/2vnoFaOS8e0

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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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Видео Day Trader Reacts: How I Lost $350K Day Trading Stocks by TechLead канала Humbled Trader