 What's up guys we have I think we're on week five of this new video series And I love it because I get to give you some tips some tricks Basically a little bit of insight into an eight to nine-year trader Which I have to look up the first day I started trading It was a long time ago, so you learn a couple things or two right and the topic of this week is How much money do day traders make and the first thing that you have to understand There's some serious variables within this topic and again as I say a lot of times Every but 99% of people on YouTube are gonna make bigger numbers look sexier You go on Twitter and it's like the biggest P&L is the best person the coolest dude the nicest guy and oh my god I trust him more because he makes a shit ton of money or even if he does he or she doesn't make a shit ton of money They make 70,000 in a day and then they're down 50,000 They're up 200 and then they lose 300 like a lot of people are attracted to the flashy big number P&L's and Unfortunately, there's not a lot of process in that and that goes to my next thing So before we get into how much do day traders make the number one thing you've got to stop doing is Comparing yourself Just because he or she is on their chapter 100 does not negate the fact that you're on chapter one or two or seven or 77 but you have to realize that Just because say Alex to miss for example, right the biggest deal like when the head mentors at MIC one of the creators His biggest trade was on AMC made $700,000 in a day made 3 million plus in 2021 just because Alex did that for himself doesn't mean you're on Alex's journey and just because you read some random dude on Twitter has XYZ P&L for the year or for the day or for the week or for the month that you have to live up to those Expectations, who said that so the first thing you have to understand when encountering something in this industry is Stop comparing yourself to people stop going on Twitter and thinking that you're less than or Equal to or whatever you're on your own journey and number two The only way to make any money in this industry whether it's a hundred dollars a day whether it's a hundred thousand a day And yes, there are those are two very different traders and they're both quite common in this industry hedge funds Then you're just your normal retail trader Everyone needs a process and you're not going to make a hundred dollars a day without a process So like, you know once you figure out the roadmap to actually making money and and getting these certain Identifiable factors in a linear process every single day like I expect I show up to the market and I expect a paycheck Because I do X Y and Z and if it doesn't work out. I've got risk management a BNC whatever I'm just giving you guys an example that one plus one in trading really does equal to when you have a process when you Don't have a process one plus one equals seven minus five X Y's blah blah blah. It's kind of crazy Then you go from process into something called scaling up and I'm not just talking about size I'm talking about just growth in general as a trader and the evolution of a trader Which usually equates to hey I make more money because I got better at my process and now my profit my process is Allowing me more profits because I can scale up size a little bit my confidence maybe more trades etc etc, but the thing about it is and it all comes down to this is Stress factor. It's called you've heard of work-life balance Alex is very and I use Alex for an example because he's one of the most extreme examples of Potential results from the market the kid the kid's an outlier, right? Like he crushes it and he's the main teacher at MIC, right? And if Alex is able to make three million dollars in a calendar year, which he did in 2021 um There might be a lot more stress associated with that than the guy who only wants to make $50 to 200 a day and Supplement his income while he works his dream job nine-to-five I don't know like you have to figure out what works for you But again when you don't compare you can flush this out of hey What do I want? What would change my life if I make a day two to three hundred dollars is actually quite easy when you figure out a Process and I would go as far as to say not so much easy But so simple if you have a process because nothing is technically easy in this industry But a lot of it is simplicity and again, it's like when you have a process It's like one plus one equals two don't try to wing it all and do all this crazy stuff When you don't have a process then nothing's gonna make sense to you let alone making 200 dollars a day or seven $70,000 a day Big hedge funds trade big hedge fund traders go through a ton of stress at times now Everybody's different you grew up with parents that were scared of money You grew up with parents that were not scared of money you think big he thinks small she thinks big He doesn't think at all Whatever it is is we all have these different upbringings that are gonna give you a certain level of confidence Based on how much money you can earn or what you're willing to lose, right? So again, it's very specific to each trader and the thing about trading is you're gonna find that as you go along Do you want to be the trader that pushes serious? Even if you have a really good process Do you want to be the trader that pushes some serious size and has the potential make? $3,000 a day $7,000 a day maybe five million a year There's traders like that all over and specifically in the big money hedge funds Or do you want to be the guy that has again? It's stress factor very low stress You make your $500 a day you make your $1,200 Extremely low stress. You can just keep doing it doing it doing it and you live a pretty good life So I think there's a certain gratitude factor that people need to have and just to give you guys an example of the best trader that I know Alex to miss and don't think that you need like four million dollar accounts to make four million Alex trades within the count of $35,000 every single month. It's almost like his small account challenge, but like a legit one not just for marketing purposes So when Alex gets that account up to $50,000 what he does is he wires out when he gets there again He wires out again and so on and so forth and he generates I mean last year he did over three million after fees and commissions everything So if he spent $400,000 in fees, which there are fees with you know, hard to borrow shorting and anything You know with DMA brokers, which you know, you got to pay to play in this industry He's looking at 3.5 mil, you know, obviously that doesn't equate for taxes You can do that later But the point is if you can make that with a 35k account and wire out and do it again and do it again And that's part of process on the money side That's pretty cool So you guys have to figure out this language that works for you and it's not so Linear that everybody makes the same amount of money and if you don't make that amount of money You're a loser. It's not like that. You have to find your identity in the markets So if you guys like any of the topics I talked about today, I love this stuff I grant all day text my line at 2-1-3-4-5-8-5-9-9-7 and we could talk about this further and get you Associated and familiarized with all of this lingo and how to actually go about being a trader and also if you do want to see a Webinar by Alex D'Amiz who I mentioned and a lot of these results He's going to show you of how and why he did it check out the free webinar at myinvestingclub.com slash webinar See you guys