?? Work at Pickup Points � Flexible schedule

We Lost Over $300,000 Day Trading!!

The Ramsey Show Highlights 827 views

Download

Download Video

Comments

bro got liquidity sweapped
Comment from : @hypedmartin

300k would have gotten him 5-7 percent gains by just sitting in an index fund
Comment from : @juanio7036

They weren’t day trading they were gambling It takes a lot of work to be a successful tradera consistent winner Most will quit within 3 months, of those who don’t only about 10 percent will make money Out of those only 1 percent will make a living off it Only 1 percent will become millionaires
Comment from : @juanio7036

What does Dave think a mutual fund is😆 7 tech stocks have carried the market the last 3 years or his mutual fund returns would suck
Comment from : @mrbill4187

God damnit a family member died and entrusted you with $300k for your family not to piss away day trading Saf as hell honestly
Comment from : @ExpensiveLiquid

Trade it back is the only way
Comment from : @moregoldmoregold

Dave I am a day trader and I do it for a living Not all of us lose money 😂 cmon now Logical thinking
Comment from : @birukbrookm9809

“Bipolar” and day trading isn’t not a good combo It was probably emotional trading that led to that loss
Comment from : @briansvlogs8587

Day trading isn’t for everyone
Comment from : @briansvlogs8587

They were my there liquidity grab
Comment from : @briansvlogs8587

For every looser there is a winner in the markets
Comment from : @briansvlogs8587

I mean, to be fair, 78 of traders lose money means there is a pretty big majority who loses money but to say that basically all traders lose money is a little extreme
Comment from : @1fdom

Risk management Day trading is my full time job just saying It's possible
Comment from : @martinzeosex

Consistent and smart investing is key to building wealth Trading futures wrongly can take you back to nothing Making informed investment decisions regularly can significantly increase your chances of reaching that million-dollar milestone
Comment from : @GhanYt

300k is serious 🧐 I’ve only lost 1k in my early stages Ima take a break TBH we only lose when we gamble Just gotta be patient
Comment from : @cde937

They didn’t know what they were doing
Comment from : @smilingpossum7644

He made a few winning trades and she enabled him by telling him good job keep going, mama wants a vacation and a new purse he lost everything probably chasing losses and all the sudden he's bipolar and manic really need to be careful who you marry folks
Comment from : @WiseSteward777

I made about $200k over a year trading within my retirement accounts Beginner's luck The more I made the more conservative I became Certain stocks and commodities behave in a pattern, so it's key to learn the pattern of whatever asset you're trading Like anything, the more you learn about a job, the better you get at it
Comment from : @MyDyerMaker

Not true there’s plenty of profitable day traders it’s a skill treating like a business and have calculated losses no one said it was easy
Comment from : @Thebeachtrader

Gambling vs Investing
Comment from : @amberpayne5150

“Stop loss” is your friend
Comment from : @shmo982

I lost money day trading but i made more doing it
Comment from : @tylernestor5175

Sounds like buddy went on mega tilt
Comment from : @R3dTiger888

Not recommending the brokerage account is insane
Comment from : @itsmealex8959

I lost over $80k when everything started to tank Not because I was in an exchange that went belly up I was just stupid to hold and because that's what everyone said I'm still responsible It just taught me to be a better investor now that I understand more of what could go wrong It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly Thanks Suzanne
Comment from : @JamieParker-u9x

wallstreetbets
Comment from : @shimzofremnik

Its Ok, it was daddy's money anyway
Comment from : @asmrnatural2640

Buddy navigated to Wallstreet bets on reddit Highly regarded
Comment from : @AABradyKK

Skill issue Thanks for the tendies bro
Comment from : @Barbarus1

It’s only $300k Move on…
Comment from : @1PITIFULDUDE

This why the stop loss was created
Comment from : @NoFear231

There are many people people making a living day-trading Therefore its possible The fact that you failed doesn't mean it's not possible Illogical
Comment from : @veritas5078

Ouch! They should have just bought SoFi Made 90 in 2023 and over 100 last year brbrAmazing coming, definitely the future of banking
Comment from : @SoFiShortHunter

HOW DID HE TRADE IN THE FIRST PLACE WITHOUT A BROKERAGE ACCOUNT? WTF?
Comment from : @dealinwithdbass

Bipolar manic episode is very real ppl , the first thing u do is self destructive attitude , the guy surely was revenge tranding and with high leverage that's the only way you can blow 300k 😊
Comment from : @Samsun2323

Transfer of wealth at its best Thanks
Comment from : @danielsinger6722

I lost 700k
Comment from : @digitalcamaraderie5685

lost 6000 total finally deciding to wrap it up maybe trading isnt for me at the moment ill try again when i have the capital and motivation for now i guess ill be on the long term game
Comment from : @gglobeezy

Did Dave blaspheme the Lord?
Comment from : @JoelNCurry

In other news: a hedge fund manager got himself a new boat!
Comment from : @billh7

Is ICT her husband 😜
Comment from : @Andersonstt

Why lose $300K if a broker can do it for you? And what kind of math tells her it'll take over 100 years to credit 100 years worth of deductions?
Comment from : @chcarroll5164

After hearing this stories i moved my leverage to 1:20 instead of 1:2000 which identified was my downfall into blowing my accounts
Comment from : @Zolasebelebele6

She must be trading ICT
Comment from : @nocapdomii

I know plenty of good day traders
Comment from : @love-life77738

Keep that market liquid people Thank you
Comment from : @dev4statingx90

Like how?
Comment from : @teole6364

This man is a fool
Comment from : @KASUN_M

Praising an outside advisor, how rare
Comment from : @nick2s

I'm down 400 in my first month of trading and I felt badbut this is on another level
Comment from : @samueljohnson4365

dumb dumb this is your new name lol
Comment from : @danielfeng9625

But at least they saved $1,000 by not buying a course that'd teach trading psychology, appropriate position sizing & risk management
Comment from : @evolutionx777

Their $50k annual income should cover it
Comment from : @scottpatrick8645

Day trading hmmmm its so easy to get wealthy just a investing consistently over years and not getting shaken out Getting married to the wrong person is a problem
Comment from : @Goog250

I started a div for daily trading last year hired 3 experienced people and tried few strategies as per advisers the result is loss of 150 k but iam lucky as i have money coming in and convinced now that the only way is long term basket
Comment from : @glife8478

So daft 😂
Comment from : @MrVee24

Love the chicago accent
Comment from : @scaz2181

A lot of boomers here
Comment from : @Hiringsoon

What an idiot
Comment from : @Hiringsoon

Thats a damn good woman!!
Comment from : @GBktradingint

The only way to trade successfully is by picking the best (so many obvious symbols to choose from), leave em, & watch em grow Investing always outperforms (equivalent of a gerbil on a treadmill) active trading Better odds at the WYNN
Comment from : @AKHKCZplus

For those who think inheritance makes rich
Comment from : @thinkinganame6173

This is so bad
Comment from : @JamesSmith-cm7sg

This is what happens when you don't earn that money, but inherit it! It hurts less to blow away an inheritance!
Comment from : @christams8863

Many years ago my dad gave me the same advice his dad gave him that I’ve passed to my kids- “Are you a trader or an investor and if you don’t know the difference keep your cash and study more” Every short term “trader” I’ve known lost their ass
Comment from : @Dharmanarchist

simple answer: you are looking for short term capital gainsbuy ugly houses, put some lipstick on them, and sell for a 5k profitthis can be easily done once every 3 months to start and 5-10 yrs down the road that loss should be all used up with the upside of a pretty good side hustle to continue forward
Comment from : @Jason-mp6yj

how?
Comment from : @sheepman6291

Traders are people who work in funds and trade occasionally to liquidate assets when said fund needs liquiditybrThere is no suck thing as a "day trader", it's a scam
Comment from : @LuisArcadia641

I’ve been here
Comment from : @CameronTaylor-yo7ut

When people get easy money (such as inheritance, lottery or accident compensation etc), they don't value it It's like the quote 'Easy come easy go'
Comment from : @leanderrowe2800

In Canada, capital loss can only be offset by capital gain, not income
Comment from : @leanderrowe2800

S&P 500 has returned over 800 in the last 20 years
Comment from : @gmnotyet

If you're losing that much money, you truly have no risk management and you are trading based off emotion
Comment from : @ave0828

The only sane option is now to take out a second mortgage on the home and go balls to the wall all in with 10x leverage in to memecoin trading to harvest those tax losses as quick as possible
Comment from : @redmax9346

Yes, statistically most daytraders will lose money But there are people - including me - who are profitable daytraders - and I am currently making around 50 of my annual salary in my day job by daytrading, and I havent had a losing day since early november So if you do it right - daytrading can be a great way to make an extra income
Comment from : @sukhmaidickoff

I lost 60k in 2 years I quit now after I squander all money I have brNow I started again working and gaining money and I am over it but it’s heart breaking brTrading isn’t for everybody Is surrounded by manipulations and lies
Comment from : @Djelloul21

Inherited money gets lost because kids don’t have the discipline to understand money
Comment from : @LWT633

I know the issue,brvery large inverted profit to loss ratio
Comment from : @mrdirexion

Wow my $700 loss in a day doesnt seem so bad anymore
Comment from : @3DCommando

With 300k, he could had sold covered calls on strong stocks or cash secured puts
Comment from : @StockSlicer

You can make good money trading if you're relatively smart, but it's a lot of work, requires obsession level attention on research and strategy Luckily Tech takes care of most of the heady stuff brHopefully there are more and more successful traders as time goes on, but it may become a less profitable venture in the future due to efficiencies in tech/automation at the retail levelbrbrThat being said, these kind of stories are horrible to hear brMost people need to be more conservative when it comes to finances
Comment from : @shivyram

Fade a strong trend with 0DTE, deep out of the money options, full-port! No stop! 😎 hold the line!
Comment from : @floooobzdagget3734

Dave you know the answer is Dividend growth investing Why was it so hard to answer the question
Comment from : @TJ-Stackin

I feel like ignoring the fact u lost 300,000 and working on how to protect yourself when it happens is the wrong priorities
Comment from : @Neon-crayon

My man never heard of risk management an risk to reward
Comment from : @Johnathan76562

All day traders lose money and all people who invest lose money That is part of the process Those who do it well make substantially more than they lose and there are day traders who do that
Comment from : @4WithHope

This is funny Inherited wealth and decided to play with it That’s crazy
Comment from : @LazyDisciplined

Y’all fucked up BIG TIME
Comment from : @Southpawd

The real warning is how scary mental illness is
Comment from : @fuckyzeit

If I inherit 300k it's going straight into VOO/VTI Jeez I cannot magine throwing it at options trading when I'm only making 38k/yr
Comment from : @Cyanopteryx

S&P 500 index account and take all the profits every year
Comment from : @homeroserrano3865

Yall gotta stop comparing gamblers to actual traders…
Comment from : @Glorbknob

I lost close to $1,200 doing a short sells on stocks this year I could not imagine losing 250 times that amount in trading Our treasury bill fund and a few other stock trades made up for the losses thankfully If you are doing high risk trades it is wise to not risk more than 3 of your savings
Comment from : @liberty4392