Teaching You To Trade
Why do you bother making all these videos trying to save the economy? if you're such a good trader why don't you just teach us all to trade and then we could all be millionaires...
*Apologies about the beeping fire alarm (filmed at the same time as last week's video) It has now been addressed - Simran
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Performed by Gary Stevenson
GARYSECONOMICS
Produced by Simran Mohan
MOHAN MEDIA
TIMESTAMPS
00:00 - Why not teach us?
00:40 - I Was a Trader
03:00 - Covid19 Economy
05:35 - Trying to help Friends
08:13 - Trading is Dangerous
09:29 - Problem Gambling
11:18 - Trading Platform Design
12:56 - Can You Compete?
14:17 - Ordinary People Struggle
15:05 - Investing Vs Trading
16:39 - The System
17:34 - The Bottom Line
I keep learning more about the market, I’m putting twelve percent earnings into my individual account with an intelligent investor and I’m cashing up some great returns.
Sounds like you are absolutely crushing it.
If your auxiliary offers good investment choices at low fees/expenses continue to contribute there.
I enjoy challenging my investing mindset with the thoughts of others superior to mine, our thinking is definitely similar.
I’ve been considering putting a little more into investment but the options to invest are not great. Any opinions
I understand the market experience isn’t for everyone, that’s why personally, margaret ann myatt oversees my portfolio decisions.
This is what it looks like to operate with integrity. ❤
I'm a very cynical bloke and yet all I can see is you giving people very very sound advice. This cycle of the rich and super rich asset stripping the middle and lower classes is something I became acutely aware of around the time of the 2008 global financial crisis. All the big banks and investment firms were given massive bailouts from taxpayers money, the value of assets especially property tanked and they either took them as people couldn't service debt or bought them for practically nothing. Now it's happening again... this is what they want... "to buy your mums house" and keep you in financial poverty all of your life. Something needs to change, this cycle needs to stop.
Yes! Agreed. The problem is, what can we the people do about it?
Join the picket lines and stand for workers rights, (they’re fighting for more then pay). Before they take away the right to strike as well.
I think you're spot on here. Exactly what I've been thinking is happening.
Exactly this. They did the same thing in the 1980s Black Wednesday when they put interest rates to 15%. Enormous numbers of people lost their homes, businesses, and these were auctioned at a time when regular people didn't have money to buy them. So the rich buy them at half their market value. Then they sell them back to us in 5 years time once they've doubled in value. They sell them to us once they double their value, and we buy them with mortgages that are bought from them! And they give us those mortgages with money they got at a lower interest rate from the government. Which is funded by our taxes! That they don't pay. Once you start to see how it all joins up, and where we fit in this. You can see that they just exploit us, over and over, and over and over. This is why they have to influence, own, the media. This is why they have their Mansion House get togethers - the rich sitting with the economic politicians, as well as well their other get togethers, chats and planning. The British people are a cattle farm to them. They treat us like cattle. Just look at how they cut wages, in real terms, during a prices crisis for food, bills, etc. And after they deliberately crashed the government with an extra £100 billion in debt by Liz Truss - this debt was sold from rich banker lenders. They made huge profits and commission. Kwasi and Liz are sitting golden, because they helped their guys get serious money. Nothing went wrong for the rich in that moment. In fact everything went right. And the 2 million people that will now struggle with their mortgages are a fat juicy target waiting for the rich ruthless to buy those repossessed homes that will go to auction for much lower price. Rishi Sunak is closing the local swimming pool in his area where he is an MP while at the same time building a beautiful luxury swimming pool in his house just for himself. Using Non Dom tax avoidance. Which he won't tax. Because it saves HIM millions a year. It would have brought in £3 billion + a year from drug tax avoiders.
@@Skylark_Jones I think Gary suggests that if we live in democracies we can vote for parties and leaders who will do progressive taxation, (if you don't already have that), taxing the asset wealth. . higher taxes on wealth generated from asset ownership etc. . .
Thank you Gary In the 1980s Black Wednesday when they put interest rates to 15%. Enormous numbers of people lost their homes, businesses, and these were auctioned at a time when regular people didn't have money to buy them. So the rich buy them at half their market value. Then they sell them back to us in 5 years time once they've doubled in value. They sell them to us once they double their value, and we buy them with mortgages that are bought from them! And they give us those mortgages with money they got at a lower interest rate from the government. Which is funded by our taxes! That they don't pay. Once you start to see how it all joins up, and where we fit in this. You can see that they just exploit us, over and over, and over and over. This is why they have to influence, own, the media. This is why they have their Mansion House get togethers - the rich sitting with the economic politicians, as well as well their other get togethers, chats and planning. The British people are a cattle farm to them. They treat us like cattle. Dragging the elderly, some with covid, from hospitals and driving them to care homes where they would infect other elderly people, who died. That's like how cattle are treated. Not people we care about. Many examples of severe policies. Just look at how they cut wages, in real terms, during a prices crisis for food, bills, etc. And after they deliberately crashed the government with an extra £100 billion in debt by Liz Truss - this debt was sold from rich banker lenders. They made huge profits and commission. Kwasi and Liz are sitting golden, because they helped their guys get serious money. Nothing went wrong for the rich in that moment. In fact everything went right. And the 2 million people that will now struggle with their mortgages are a fat juicy target waiting for the rich ruthless to buy those repossessed homes that will go to auction for much lower price. The price will be low at that moment because few people will be able to afford to buy them. Rishi Sunak is closing the local swimming pool in his area where he is an MP while at the same time building a beautiful luxury swimming pool in his house just for himself. Using Non Dom tax avoidance. Whom he won't tax. Because it saves HIM millions a year. It would have brought in £3 billion + a year from drug tax avoiders. Etc etc. The more we look and think about how it's all connected the more we can see how much we're being exploited. We have to get political and we have to protest. Maybe a 30 minutes walking slowly, driving slowly, on our high streets etc. Just for 10-30 minutes. If we did this. Like the Thursday evening clapping for NHS workers.
Nice comment. I recently had some severe flatulence (legume induced I believe) and I thought how good it would be if only one could store the smelly gas for later deployment at a suitable venue. If thousands of us unwashed masses could pool our emissions and release them during protests it might afford a legal alternative to all the previously legal but increasingly criminalised outlets. Until the government produces some kind of regulation outlawing farting at public protests at any rate. They can't outlaw farts of course because that would render Rees Mogg illegal. Not that I'd object. I think one of these 😀is in order.
Sad thing is Justice, lives in a court room, where you need lots of money. There is no real happy rich people, only scammers top to bottom, the rest live in hope.
Liz Truss's policy was for growth. Growth in the economy give us working classes potential to scale and earn more money. That's why her policy was deliberately tanked by the media and wealthy classes because it changed the status quo. Its more policy based on growth we need.
thank you for this comment... and even though this channel and your comment is about brits and the uk, its the same around the world... im from canada and things are so messed up here.. :(
Brilliant advice. Myself and my wife decided to pay debts off instead of investing, the credit card and loans have gone, now we're over paying the mortgage, and live is financially easier, but it's hard work only buying what you need and not what you want, as temptation and spending fashion tries to take your hard earned.
I’m a late starter due to various reasons. These days there’s so much information and opinions and dream sellers. It’s a real blessing to find integrity and conscious honest realism. Thanks for taking the turn on your path that you did. You’re giving me the life lessons I missed. Peace brother 🙏🏻
“Wealth quickly won dwindles away, but if amassed little by little it will grow.” Proverbs 13: 11
An absolute breath of fresh air. You are a rarity in this world, and especially the financial world. Not only have you been on an incredible journey, you are now sharing the brutal knowledge you have learned with honesty and clarity. Only a handful of people really do this. A pioneering voice that stands out among the bullshit noise of youtube "financial advisors". For honest advice, you sit alongside Buffet and Munger in my book.
I stumbled across this by accident and it was very sobering to realise you described me to a T. I started trading with some initial success as I wanted to escape the debt I had accumulated just trying to support my family. Fast forward 24 months and I'm in the hole to the tune of 25k and it's near impossible to recover. People who can afford to live comfortably don't ever feel this pressure, betting shops are not full of rich people because they never feel that same sense of inadequacy a 'normal' person feels just trying to get by.
I 100% understand you. I'm sorry that happened to you man. I hope you've managed to kick the habit now and are able to work towards more stability. Good Luck.
@@garyseconomics Thanks for your reply, it's kind of reassuring that you know what I mean. Keep up the good work raising awareness and battling for ordinary people.
Hitting the nail on the head with the sense of inadequacy driving desperate measures.
I'm still in crypto, like many people I watched my bags go up and then come down last cycle. Even my mum told me to sell when it was high, but like many, greed and stupidity took over and I didn't. I'm now divorced and I realise that the 1000s I could have had would have been really helpful. I've got very realistic targets for this bull run and will get out as and when I can. After I do, I won't be re entering the market.
Confirmation bias is a real thing - thanks for sharing the lesson.
Now this is some valuable information. Thank you for not selling us a dream and telling us the reality of it all. Keep doing what you do and merry Christmas ✌️
This is such sound advice. Yes, the markets are rigged against inexperienced traders and can lose you lots of money. The sad reality is that the economy is also rigged against it's ordinary citizens and whichever game you play, you are likely to lose. Thanks for what you are doing, and opening people's eyes, so they can really see what's going on!
On point video Gary, I’m a Property Trader over 20 years and had so many people around me going crypto crazy, all now in loss, at the time they couldn’t understand why I refused to invest and stayed in my lane. My simple answer being I can’t trade as ‘asset’ I don’t understand, same when if I don’t understand the fundamentals of how a building is valued there’s no deal. The first hand stories I’m hearing of ordinary working people losing money they don’t have is eye watering, the human and relationship fall out is heartbreaking.
I had a solicitor friend who came in to some money ask me if she should invest in crypto, my honest answer was that I don't know enough about the fundamentals of crypto to have any idea on whether it was a good idea or not. I said if you don't know what you are buying you might as well go to the casino and just put it all on red. Thankfully she didn't invest as it crashed a few months later
@@hughiemg2 as a trader I look at the underlying asset value, with property, gold etc they have that so as Gary said not a zero sum game like crypto can be, many people failed to understand this, I’ve had property losses over the years but still recovered 80% of the value, obviously with leverage the initial capital can be depleted.
Gary - you are a very wise man indeed; solid insight into human nature as well as economics and trading. Thank you for your channel.
Great video and so important. I’m seeing these trading apps being advertised to people here in Brazil “trade and make profit in dollars”. It’s so dangerous and there’s very little real information available
This video is brilliant. I am a doctor, and still ended up being caught up in this. I lost about £20,000 before I realised what a fool I had been. Thank you for being so honest.
Had a former colleague coming to me crying bc he lost his life savings on GME and crypto. So many young people got trapped during COVID. So much cynicism. You are a hero Gary. 🙏
I don't trade in anything yet, (you need money to trade) but you are brilliant. Honest, and full of rational sense. Thank you. And people must understand that there is analysis in trading. They need to read, to study. It's not just about potluck and betting. Your advice is excellent.
Theres mixed messages. Trading is basically gambling..Gary said so in other videos. But then tells us here that actually its very skilled and you have to be very clever to do it. It seems to me you mostly just need to be rich enough to gamble. Since anyone with a million can make money with little knowledge. 60k a year for every million is it?
Traders with enough capital are more like the casino owners then the punters. The system is set up so the casino never loses. They neither gamble nor require special super clever knowledge. They just can't lose.
You're a great guy Gary, you're someone that could make millions form your image as a working class lad turned successful trader, suckering people in with paid for advice and tips. But you don't, you tell people the unpopular truth, that there is no sure fire get rich quick scheme, and that the real answer to their problems is to enact political change that will make the economy work for ordinary people. One of the greatest coups the ruling classes ever pulled was to sideline working people from politics through apathy, so many people I talk to see no reason to vote because "they're all the same" and "I don't see any benefit from voting myself so don't bother". They don't seem to understand that this apathy allows for those in power and their friends to take everything. Anyway, keep it up Gary, I hope that by continuing to give out the unpalatable truth to people they might start to wake up.
That's not true, there is a sure fire get rich quick scheme, it's called theft. Politicians love it, business executives love it, KZhead trading gurus love it.
Love your channel Gary. You have been a real eye opener for me
much needed video. i'd love to send it to about 4 people i know but i don't want to offend them by implying they've been foolish so I guess i won't. but it's a shame. thanks Gary. you have a real heart.
Absolutely love your videos. I wish everyone would be made to listen to what you’re talking about regarding the state of the economy and the propaganda pumped out by certain media mail, telegraph sun etc.. Please keep fighting the good fight.
Very wise words Garry. People: Don't get involved in trading unless: 1. You can afford to lose your capital; 2. You have a very sound understanding of volatility, correlation and market risk management; 3. You able to disconnect your decision making from your ego (don't get over confident from wins nor cling to losses).
People will just read that and go "ya ya ya that's me." What dumb people don't realize is we can't get all rich from trading because it's a zero sum game. For someone to win, someone loses. We can't all win, that's just bad accounting. Mostly 1 person wins and 9 lose because the winner takes it all. People do not have the humility to accept they're one of the 9, and so they throw their money into the void and some other guy lives in a nice house as a result.
good advice gary ,best thing i did when i retired in 2016 was put the bulk of my pot into a stocks and shares "managed" isa set at low to medium risk, its good i cant fiddle with it and muck it up , which i'm tempted to when i look at it , but then i think no just forget it and have another look in 6 months ...this has been a good idea
Great advice , its rare that to hear such wisdom on youtube. Thanks for sharing 🙏
Gary, thank you for taking the time to inform us common people on such matters!
Thanks for this Gary (think your fire alarm could do with a new battery btw)
Absolutely true. I am proud of you for keeping to your morals.
I 'm a fan of your work but I nearly didn't bother to watch this one because I consider trading to be a risky activity requiring skills and knowledge (and money to lose) that I don't have. So good to see you spelling this out for a new generation. Your trading record and skills are impressive but what I think is far more valuable is your informed assessment of the state we're in and what needs to change. Thank you for your work and please keep it up.
Finally, a real economist 'guru' educating the ordinary people the reality of trading/gambling. After seeing the nonsense gurus on KZhead trying to sell you thier courses, I've been very skeptical. Now you've reaffirmed this. Thank you, I'll stick to the index funds.
That's a very good point...thanks for your very honest opinion.
Must watch for all wannabe traders. Wish I saw it before I lost £250, at least I knew where to draw the line, many people don’t. Thank you, Gary, please continue teaching life wisdoms.
Fantastic to hear someone tell it as it is, THANKYOU.
Hi Gary, “trading is a form of gambling” is one of the best pieces of advise you can give. I know a few people who jumped on Crypto and lost there original deposit. I take to them and share your videos with them, it it’s like the Crypto community is blinkered and cannot be told. What you are saying should be a warning to people, but I feel society is influencing them they can win quickly and most people cannot. I was always told if you read about a share tip / trade then you’ve already missed out. Thank you for all the content you out out. Happy Christmas to you and your friends family and subscribers 🎄💜
So much respect for your honesty and integrity, thanks for this. Barb
A great video Gary and the human side of trading is so important to understand. My experience is that we don't take advice that well and only really learn from our own mistakes. This leads many people to get burned, talk negatively about the markets and never come back. A crazy mindset as it's a proven long term safe haven for the patient and sensible investors 👍🏻 Trading is different to investing as it's all about timing the market rather than time in the market. Yes it can be done and scalping a bit here and there is fun when it goes well but is no substitute for long term investing.
This was sage advice. You deserve way more views.
Great video. I’ve done the same for people. I’m a pretty informed on tech and gave some friends ( not poor guys I might add ) some trades. Just time sensitive provisional things. Example, I said that for about a month Nvidia stock will fly up. Until people see 1 -the 4080 vs another rival card at a close price point & 2 - their server solutions are not as heat effective as a competitors. This was a lot of reading, understanding, and some guessing, but educated guesses. It was a 35% ish jump so very nice. I put a big sum on. My friends putt less on and it turned over nicely. So then I’m getting msg’s - where do we go next? - so I said…the bank! They didn’t like it. Thought I was holding out. So like your video said now convinced they are expert, they bet on various things. Over 2 weeks whatever they had got eroded from stupid jumps and jumping again with no info behind it. So now they are like -save us man! I lied & said I was out due to the downturn of the market - blah blah.. so they took the small losses. Got out not that happy… I regret telling them about it at all. I think I made it seem far more easy & straightforward than it was. 🤦🏻♂️ Now I say if asked - trade on your fundamentals! I won’t elaborate. 😐
Traded on and off since i was got the bug studying Economics at school.(worst school in Scotland according to tables and here was I studying economics) So after say after 34 years of that I can whole heartedly agree with Gary. It's hard and really you need information that other people don't have. I'd describe it as similar to the grand national where both the jockey and horses are blindfolded and nether know where the fences are. Trade for any amount of time and you will lose.
Absolutely amazing video thank you Gary for talking complete sense in a world that is currently full of craziness! More people need to see your videos.
Lol, the same thing happened to me psychologically using CFDs. Made £60k in six weeks on paper, didn’t sell at the right time and then chased the profits that in my mind were my absolute right. Two months later I’d lost every penny I had in the world, £65k. Ended up losing my house. It’s a dangerous world out there. I honestly think if that trade had worked out and I’d have got my £200k target I would have eventually ended up in even worse trouble, probably bankrupt. When I think of that time I shudder. I’ve made myself comfortable by other means now but I’ll never do anything like that again.
I feel your pain, I lost about £15k, it is a much lower amount, but to me at the time was everything. Now I'm back to saving with a sound plan for a few years ahead. I keep telling my partner it was a lesson, albeit expensive! The silly thing is most of my trades were actually very sound and went in the right direction, but that rush of constantly chasing new positions and volatility on CFDs or speculating on commodities and leveraging indices for quick gains is very enticing. People are prone to gambling, very few people can have the patience and strategise to be successful. Best of luck in your financial recovery!
"Trading is gambling" 🎯
Then stay away..
Rubbish......
You must be mad to trade part time.
Never bet more than you can afford to never see again, ever. If that's a tenner, then so be it.
Educated gambling.
I used to work for a while as a software dev at Hargreaves Lansdown, and one thing I became horribly aware of while there was how risky investment was if you didn't understand it. Thanks for trying to get that message across. And thanks for warning people off Crypto - such as risky investment, and environmentally a disaster at the same time. Too much energy is wasted mining cryptocurrencies.
Better take a look at Ethereum then.proof of stake. Monetary debasement is also making us poor. A fixed set of coins can fix this.and btc is the “safest”, is it any different to paper gold? I would like to see how the volatility compares when they are similar asset sizes.
Thank you Gary. Wise words. Advice taken.
Brilliant ,as one was exactly as Gary describes for us mere mortals it's a mugs game. The whole system is geared for the masses to lose money, not make it. You'll need to have lots of money to maintain a good trading margin, and if you have that, why trade? Thanks again Gary.
Thank you Gary , I’ve recently started watching ur videos . I love ur content mate . It’s generally negative information but the ugly truth is better than a beautiful lie , you have really opened my eyes on why I shouldn’t trade as the time and commitment I have to put in would be far less than someone who is a full time trader . It really does feel like gambling and I hope this gets a lot of exposure to wake people up .. your a legend !
Excellent message. I keep saying much of this to my kids but now I can also point them towards this video.
Brilliant. Wonderfully honest.
Love your simple description of the psychopathy of the markets and the dangers of following it's psychopathic swings instead of being able to exploit these swings. .
Thanks for keeping up the message, Gary.
Agree fully. Day traders dont have professional tools like bloomberg or reuters to begin with. Alot of analytics and information is missing from especially mobile trading plarforms to even begin to make any kind of informed decision in trading. Data is gold when it comes to trading. I worked in the market for 10 years... Citi bank was one of my clients. The average person cannot comprehend what a commercial dealing room looks like.
Well done. Excellent much needed content.
Very interesting hearing you talk about the psychological aspect of trading and how even with a perfect signal, your friends still managed to mess it up. Timing is everything.
Love how this is explained, without being condescending. I’m one of the lucky ones and have assets. My advise is to anyone, start your own business and enjoy the ride..
Thank you. Really important message for all of us
Excellent video. I was immediately put off trading by the idea (for example) that you can actually sell Gold, but not actually have Gold. Nuts. Got £100 in a trading account and just play with it for fun, will never trade anything more.
Thanks Gary - I was thinking about some some risks with my small inheritance. I appreciate your wisdom.
Probably better of putting it into an ISA with the likes of vanguard or fidelity mate.
I appreciate your honesty so much
Thanks for sharing
Excellent video and great advice as ever Gary. Top man.
Glad you enjoyed it
Love how I got a Trading Platform ad right after watching this video: 'This is how I became a millionaire, trading for just 3 hours a day' 😂🤦♂
This speaks to me on many levels. I got a good tip from a mate so I thought I'd put £50 in and if I lose it all then so be it. That tip did well and I had £250. I then used that to invest in other stocks and shares and I gradually whittled it back down to £150 with bad decisions. I then thought I should either cut and run, counting myself lucky, or stick to a few solid choices and wait. I went with the latter not through greed but curiosity. I'd already written off the initial £50 and the numbers in front of me were just another game and I wanted to see how similar to (don't laugh) the World of Warcraft auction houses where I used to make stupid amounts of gold by buying up cheap stocks and relisting them at a higher level but still the cheapest options. Spoilers, it's not, but it's providing me with some fun and since I've said I'm not putting any more of my own money into it and maybe at some point it'll pay off and I can transfer a decent amount when the bills need paying.
Thank you for putting reality before clicks. Please keep hammering home the reality.
Good on you mate. Just caught your bit on BBC talking about the Tories levelling down strategy... Like trickle down. Trickle up more like it. Good stuff 👍
Linking people to this any time they ask me (an economist, emphatically NOT a trader) if I can help them with their investments and finances.
Most people should not trade as they have no self control. My stock portfolio has been a roller coaster the past few years. If I bet big when everything looked great (stocks rising) and called it a day when things were plummeting (selling at a loss), I would be doing everything wrong. The stock market is about going against the crowd. The market is a human reaction to companies, not the actual value of the companies themselves.
thank you Gary... pearls of much needed wisdom. i've been building a horse racing system for several years. Luckily.. one of the first decisions i made was to build a simulation system to test my theories.. in short.. it doesn't work.. so i don't bet.. doesn't stop me trying to make it work though.. but.. much like trading.. its a huge amount of work..and even after all the work it still doesn't return a profit...
There’s huge randomness involved in racing. Most systems will only work in the very short term By the way. How do you simulate a system?
@@megaskyburst If you can get access to historical racing data you can buid a system that will backtest your strategies on that historical data. I do the same with stock trading systems. The quality of that historical data is very important though. .
Change your smoke alarm
What’s really sad is that after watching your informative video, I was presented with an advert trying to dupe me into the very thing you warned us about. I know you have no control over the ads, but the irony was obvious and rather depressing.
About a decade ago I had a family member who was looking at forex trading and I started reading into it. I couldn’t get a handle on exactly how the money was made and what I did see was the vast amount of people who were getting ripped off by dodgy account holders and as a result I never got into it. This is a great video that lays bare the issues with the industry. Strangely enough as I’m typing this there is an ad for trading 212 🤣 the algorithm is in force! Gary is it plausible to think that when you set up a sandbox account on a forex trading platform and it seems to make money straight away - that that is what the demo account is designed to do? I never compared actual market movements with what I was shown on the screen but I suspected something was off as to why I could earn a lot straight off..? Just a thought. Keep doing the good work - listened to you on full disclosure great interview.keep going
Thank you 🙏
You are right about speculation I bought shares as soon as the covid thing hit and the market went down the equivalent of 6 years of growth. But it’s long term holdings that rose 100% in 18 months. But I hold for 5 or 10 years. I know people who sold at the bottom through panic which I do not understand . I would still like to see your long term hold funds you mention in HL in ISA etc etc . It’s probably the way you can help people hold for a very long time. Speculating is a mugs game if you do it part time for the average person.
I was very successful in covid I also betted in assets going up took a massive risk on BTC and alt coins cashed out just before the blow out top (thank god) I learnt market manipulation and has been my biggest asset to date now I'm a lone trader they going one way I watch I wait I execute. Your videos are pure gold Gary 🙌
Gary great info keep it up.
Only 42k views, but 127k subscribers. How does that work? More people need to watch and be aware of the way the system works. That's the only way: to educate people and to help society. Good advice, Gary. Keep up the good work! I did invest in crypto in 2019, so I'm still way up, and I think there are some use cases using the blockchain, so I personally won't dismiss it. I realise there's plenty of junk out there, too.
What coins do feel have a future? I've got some of the rubbish ones, thinking of dumping them!
@@andrewtaylor6737I'm not a financial advisor, and I'm not going to recommend one to you, because I don't know any. 😀 You just have to look at the real-World use cases for the cryptos (that's what I do). Whether it be as a currency, or as something that can replace a less useful and expensive part of doing business that can be automated. It takes a lot of research. I've wasted/spent a lot of time over the last 5 years over this. Nobody is paying me for that. My payment (in theory, well, hopefully) will be at least some sort of financial security. It is as Gary says, a form of gambling, just as the stock market is. Do some due dilligence and you increase your chances of doing well. Gary worked hard. If you have some junk cryptos and stocks, and you're not sure why they are performing well or badly, then I would sell them (especially if you're in the black), then start learning. After a while you should be more confident in choosing something, and then reinvest, maybe...
@@andrewtaylor6737 Interesting. I gave you a reply, but someone has deleted it. There was no financial advice in it, and nothing offensive, either. Cancelled by somebody.
@@dandare1001 Interesting, sounds like they don't like Crypto!
Superb advise Gary
Thank you!
You didn't teach how to trade Gary, you taught something much much more valuable than that. Every person should watch it, thank you!
Gary - you are a treasure. I hope millions of young people watch, listen and learn from you.
Great Video G Thank you...
I agree ,trading isn't a get rich quick scheme. However you could make money in the market by learning , improving and understanding risk management. The problem is that most people just want the outcome without putting in the work , that is not going to happen.
Thank you for the videos!
Gary love your videos. Would you think of doing interviews with economists or other public figures to give us more perspectives on other economic theories. I'd also love to hear your thoughts on the labor union activities right now.
Great lesson, thANKS
Thanks Gary, I like what you have to say, so you have my ear. Already glad to see you're warning people that the money tree/golden goose doesn't exist. We need broader financial education across society. PS - it freaked me out how fast you were downing that drink on Politics live last week. I'm gonna send you a coconut water to sort out that hydration need man! 🙌🏼
Lol, I think it's an anxiety thing that means I have to do something with my hands.
Gary you are a total legend.
I've never bought a share but can completely understand the addiction from the feeling of winning when you put money on the football. But, the house always wins! Now I stick well clear of it all!
As opposed to "trading", which is short-term and high risk, I would advise careful long-term investing on the stock market, investing equally in 15-25 different companies for further risk reduction. It won't make you rich quick, but it's much more likely to get you there in the end.
Absolutely brilliant video
Player vs player ….. and sometimes your just outclassed!!
I want to learn more about these sound principles and market indicators, what books would you recommend
Very wise words! Thank you
I think the message of Gary's video is 'Get into Politics, not trading'.
If you look a the wealth this nation and its people have, it came from politics. The decision to create an NHS. The mass house building after WW2. Schools and universities. And on and on. We'd be better off acting collectively to affect politics and create shared prosperity.
Yep! Look at Michelle Mone now, she never traded yet somehow gained hundreds of millions in the past 2 years!
@@TomNook. she’d already made a lot of money in fairness, she built a very wealthy company I believe
@@JM-yf3ol People power is massive, thats why the billionaire media and press, continuously divide to conquer, they set one group upon another to divert attention from the fact that all of the assets are moving more and more to only the richest. They are so good at this technique that they double down on it and the people's minds are consumed with refugees and race hatred instead of the fact that the rich are systematically stealing assets from the population.
@@megaskyburst she did, which was her entry ticket to a seat at the table where the real opportunities are dished out!
So how safe do you think Cash centres are given its the Royal Mail? I think you should be shorting the royal mail, it might help the workforce to hit them with a left and right and get a faster outcome.. stock markets are a Ponzi scheme and pension funds are the fuel
Love the honesty
Top presentation Gary. Thanks my friend. Word to the wise: Politics is a dirty business. What you want to do is placing yourself in direct opposition to all the dirtiest most underhand and downright dangerous elements in what is left of our broken society. You might want to think about how you can use your considerably impressive skill set to achieve more redress than this.
Thank you Gary
Hi Gary Would you recommend property investing - like Samuel Leeds ?
Thanks Gary
Hello Gary. Which stocks and shares ISA with a bank would you recommend? Thank you, Phupinder
Really love the honesty and integrity. Does this also relate to all these traders who sell the dream through 'simply copying their trades'