Following the Smart Money Traders with the Deepest Pockets

[Ian7570]

I actually thought this was a comedy vid at first. Do people actually buy this shit? "If you had bought this unknown stock at 2 cents on May 2nd at it's all time low, and sold it 10 years later at it's all time high of $20 you would be rich"

[TheJimfredrickson]

Has anyone tried this yet? This is the same strategy that commodities trader Richard Dennis used: originalturtletrader [dot] com

[darthstarwarsgeek]

second thoughts maybe it's a case of semantics, you call it gambling, I call it a very highly managed degree of risk.

[SmackNcrack01]

John Paulson saw wot was goin wrong in the mortgage/loan market in 05'!!! thats not a day trade!!! A day is useless to a GENUINE investor! U surely cant tell me dat u know wot will happen in 1day!!! dats my point...no body can make money in a day...i know its possible but u know wot i mean, surely, consistent returns are based on LONG term predictions aint they? Please b honest! NO BODY made millions bettin day by day!!!

[darthstarwarsgeek]

Ah ha, no you're right, apart from Valentine & Winthorpe in Trading Places. Well I'm not out to make a mill not for now anyhow. My focus is on building my broker account so I can tell my employers to stuff their job. I'm in it for a pay check, but more importantly the freedom that comes with professional trading.

I concede you have made some good point tho'

Thanks for the invite by the way.

[SmackNcrack01]

mORTIMER UR BROTHERS SICK...WE SHUD CALL A DOCTOR...FUCK HIM...bring those brokers bak in ere, turn those machines bak on...turn those machines bak on!!!

[darthstarwarsgeek]

Ha ha, one and only time Don Ameche ever swore on film..

[SmackNcrack01]

Love that movie! I was 3 when it came out but they was shortin' even then! Don Ameche was a real Don juan in the forties, there was a movie a couple weeks ago on film4 where he's tellin the devil bout his life, I went out n missed it !!!

[darthstarwarsgeek]

Excellent advise Alex, blew 50% of last months gains this week by placing a trade out of boredom, too much leverage, too much margin exposure, sloppy un-researched entry and worst of all NO STOP. The price moved against me within seconds and had dropped 20 points by the following open. However on the positive side it was a lesson that had to be learned..

[forestskog]

This video is more than a yuear old. Alex is probably still broke, his girlfriend left him and that's why this site has fizzled out completely. Oh well Alex we can't all be Bernie Madoffs anymore sorry you missed the train

[SmackNcrack01]

It is impossible to make money on a stock in one day. That is gambling its not reality!!! No offence, just an opinion.

[darthstarwarsgeek]

You can work in intra-day time-frames of say 5 minute bars, the shorter time-frame chart patterns are micro versions of the longer time-frame patterns. So yes it is possible to make money on a stock in one day and no it is not gambling, it does however require skill.

[SmackNcrack01]

What you described is gambling on what the market will do Not on a companies long term prospects. I was making the point that people need to be careful with these fantasy gains in 1day!!! sites. Buffet never bought a stock bbcoz he thought it would make money in the next 5mins! come on thats gambling!!! may as well bet on the football game!

[darthstarwarsgeek]

No I beg to differ mate. If you have put the effort into learning how to read markets and price trends then you have a high probability of either buying on a low price and shorting on a high price. If the market goes against your prediction then you liquidate the position asap, if the market goes in favor of your call then you let it ride. what the market is probably going to do based on your technical and fundamental analysis, the skilled part of the job.

[darthstarwarsgeek]

I'll freely admit to not owning a crystal ball and sure there is a degree of risk, but you have to manage that risk.

To merely call it gambling is to detract from the skill required to do it correctly. I'm sure that you'll admit that there is also a risk of loss inherent in purchasing stocks to hold long term "Buffet style". Even when you get out of bed in the morning you take a risk that you might slip over in the bathroom and break your neck, would you describe that as gambling?

[maciejoooooooooooooo]

trust your instincts.go anal.i mean why pretend?

[obscureluzername]

I wanted to hear what you were saying about trading but I was distracted by your breasts.

[mezlabor]

He gives good advice, but daytrading should only be attempted by people who REALLY know what they're doing. And Ive always found it better to not take individual stock picks but to follow markets yourself and research your own picks. The I believe his talk about efd was to illustrate what you should look for in a similair day trade

[buyystocks]

I have a stock I have traded 8-9 times in 4 yrs all winning trades, SWKS buy low sell high,DO not get greedy, IT really is easy.

[jwhat01]

You must be RICH from your trading!!! You said is was so easy. How many millions of dollars have you amassed from all that easy trading??

Thanks for the advice!!!

[ArmyFtBall]

Before telling other people what to do, you should put up your own P&L statements for the past 3 years.

[vlogolution]

oh really, and why should I care to do that for you? And how exactly am I telling people what to do? If you have some experience to add that we can all truly learn from, say it, if not, stop wasting our time and SHUT YOUR DARN PIEHOLE... If none of this makes sense to you, don't watch and get schooled.

[wolfgangss]

smirt point on topic...shameless self selling :D its AWSOME!

[fiwaszewski]

Good point brother, enjoy your videos..

forrest-uriah

[artavedissian]

Is your origin India??  You have a cute accent!!!!

[catherinetodd]

#2: vlogolution:

I am doing a study to ask YouTube to ENFORCE the guidelines already in place for videos, and create an "objectionable" or "helpful / not helpful" comment button.

Your video had insights none of us would have known. Why someone would complain about it when they are not a trader is beyond me.

The only thing I don't like is making fun of people, as even if they are "celebrities" I think everyone deserves "silence" or "respect."

Keep up the good work, and thanks for responding!

[flashart]

A most useful insight into the murky world of finance trading.

[leepakim]

great video. too many people just want to have fun AND make quick money but this isnt doesnt work. patient is a virtue...thats for sure and I think as a trader patient is one of the key factor for success.

[Alexizephyrmage9]

useless

[vlogolution]

and how is it useless? well, if you're into only playing guitar I guess it would be. Guess I'll have to make some guitar vids next...

[catherinetodd]

It must be "useless" for someone who has no money or experience or desire to invest.

The most important statement made in this video is that "we are our own worst enemy." Isn't that always the case, whether it's here with people's "useless" comments, or how they behave in their own personal and professional life?

I really appreciate all the points made in this video. vlogolution, don't waste you time responding to ridiculous statements. Those people just go away anyway.

[goodnrg]

Good remarks on the psychology of holding back on trading. Discipline matters!

[catherinetodd]

Here's a comment from "someone who obviously knows," and has some discipline themselves! Thanks for posting a thoughtful, positive comment.

[ButtcrackXerox]

Mr. Morris,

I think you will find it easier to live in this country if you learn to speak english. You can succeed here without it but you will find it difficult to function outside of the limited social sphere of those who share your native tongue. Please forgive my bluntness.

[vlogolution]

Was your comment supposed to be funny? Or are you trying to say that someone from ButtCrackVille, USA can't understand us big city folkers in New York City talking fi-nance??!

[catherinetodd]

I understand everything you are saying and find that your videos are funny AND informative! I am continually amazed at the stupidity of some of the "members" commenting on YouTube. I have no earthy idea why this BCXerox fellow has made this ridiculous comment. Should be marked as spam, except for your excellent reply!

[vlogolution]

thanks catherine for your all your support! I also try and convey info relatively quickly because of the short attention span of most people these days, especially on youtube (of which I am also likely guilty of as well)! And, of course, if I spoke too slowly, watch all the flames pour in: "can't you talk any faster you retard?! snore"

[catherinetodd]

#1 vlogolution: "thanks catherine for your all your support! ... And, of course, if I spoke too slowly, watch all the flames pour in: "can't you talk any faster you retard?! snore"

Comments here can be horrifying. I have never heard language used like this in a public forum. It's children in a classroom with no teachers or hall monitors in sight. It's a free-for-all!

I hope I never hear the word "retard" or "hate" again. YouTube is like watching "Jerry Springer." It gives me a headache.

[vlogolution]

what's really crazy is that with so many kids around who seem to know and toss out more foul language than most of the adults around here, we had several relatively tame videos that got flagged and became marked as 18+ (like our Sexy Santa Baby Christmas vid that shows less skin than the 1000's of bikini vids on youtube - still have it at: hotroast. com/vlog/hotroast/20061224.htm­l)!! really makes you wonder..

[catherinetodd]

vlogolution: "what's really crazy is that with so many kids ... toss out more foul language than most of the adults around here..."

I'm glad you brought this up. We are conducting a survey into just this.

I am preparing a complaint / suggestion letter to YouTube . There is no "flag" button for objectionable COMMENTS, as there are for VIDEOS, which is a large part of the problem. You could also send an email to YouTube as well. Thanks for responding.

[vlogolution]

actually digg has a pretty cool way of handling this by letting each user give a comment a +1 or -1, and you can hide comments that hit a certain negative threshold. Of course, comments on vids are removable if they're just too over the top. I think it would be even better if we could see who and how many people have actually flagged a particular video and why. This would make it easier to find wackos going around just flagging everything for whatever reason they don't agree with.

[catherinetodd]

vlogolution: "actually digg has a pretty cool way of handling this by letting each user give a comment a +1 or -1, and you can hide comments that hit a certain negative threshold."

I was thinking of something like that. What is "digg?"

I'm not sure people should be able to see who else "flagged" their video as objectionable, but I agree there should be a review / appeal process so that people would at least know "why" and be allowed to make changes. Have you contacted YouTube about this?

[vlogolution]

check out digg. com - it lets people keep track of popular links they like and share them. btw, when you mentioned not liking poking fun at celebs, were you referring to our vids? I know you have that one Paris spoof up as a favorite (which also cracks us up). We try not to be too mean in our spoofs and in general try to achieve a relative balance that even their fans may appreciate. In the end, overall it's all in good fun (and maybe good for a bit of shameless exposure)! :)

[ohio1998]

What do you think of gold/silver mining stocks and canadian oil royalty trusts?

Cash is trash!

[talkinturtle]

check acoustics, slow down and relax... content is worth listening to if you talk to the people instead of at them. just a suggestion.

[catherinetodd]

"content is worth listening to if you talk to the people instead of at them. just a suggestion."

What the heck does this mean? A person is standing in front of a video camera talking; exactly how would you talk "to" instead of "at them?" Perhaps you could post a video response to show what you are attempting to say?

[talkinturtle]

chill out take a deep breath and then think... what i said was not an insult. Geeze!

[catherinetodd]

I didn't say it was an insult, I asked for additional explanation for your critique. Again, exactly how would you have this instructional video "talk to" instead of "talk at?" Would you please elaborate? No "chilling" required!

[talkinturtle]

what I meant by talking to instead of talking at is that it would be better for him to take his time speaking rather then trying to fit alot of information in a small amount of time.

[catherinetodd]

That makes more sense, even though he's not "talking too fast" for me. I'm in NYC right now where lots of people talk exactly like him! Remember, too, that he's a money-making stock trader, not exactly a "low key, relaxed" mode of work. Like a race horse, not a plow horse.

But thanks for taking the time to respond. Clears things up a bit.

[thenoseknows]

you've got good stuff...keep at it!

[RoyalGenius]

Yes, the secret is to invest, diversify, and save. Slowly. im not a day trader. Dont tell anyone i said this, they think im a flighty artist!

[renumeratedfrog]

LOL, expertly done gooblity-gook! I was actually slightly in doubt if this is real, until I saw that chart. Haha!

[restive123]

that room echo has got to go

[thebootcampbabe]

hmmmm sounnd advice but sound not good......

[RalphGrogen1]

interesting points,