How long did it take for you to become consistently profitable day trading? Are you living off day trading income and for how many years now, what's your favorite day trading pattern? Currently, how do you start part time trading while working a full time job and many many other juicy questions? That's not trading related! I'm gon na answer for you today in this video. As long as you remember to smash the like button and we're gon na start with the trading related questions right now, what did you do before trading and how old were you? Did you start trading? So I started trading after college and I was working in the VFX in the film industry. How many years have you been trading? Well, I've been trading for about 6 years now. Are you living off your trading and for how many years? So I think the better question is: am I making a livable income from trading in a short answer? Is yes, and for about 2 to 3 years now, but I never just live off my trading income.

I believe in having multiple sources of income and living off and paying the bills with the smaller income sources. It's kind of like what Jay Leno preaches, being a reinvest and save the bigger income source which is stay trading. Did you save a multiple of your full time annual income before quitting, and the answer is absolutely yes. Like I said earlier, I was a VFX artist and designer, and everyone used to think that.

Oh, you cannot make money as an artist well depending on your niche and depending on the industry, your aim, at least in VFX. If you are good at what you do, your position and your skills are high in demand. You can make some pretty decent money and that's how I saved up, who is your first trading mentor. So that's an interesting question.

I'll tell you the first and the only trading mentor I had who actually made it in trading and not from selling $ 5,000. Dvds and his name is Oren Kerby. I'm actually met him in one of the penny stock guru community sites and when he was helping everyone out for free just making these free videos and helping out and answering everyone's emails and questions, and eventually he got banned from the site. But I had learned so much from him from always free resources that he was giving out selflessly.

I reached out to him and wanted to follow where he was going. Eventually he went to become a hedge fund manager and they had an educational branch, and that's where I went for my actual training that paid for it did cost a lot of money. But it was absolutely worth it because he was helping everyone out for free and regardless of whether you want to pay him or not, yeah the course and the mentorship program was expensive. But the guy had already proven to me that he can teach me a lot.

Just for free, so imagine how much I was learning after I had paid him and paid for his program to learn from him as a hedge fund manager and I'm very proud to say that he trades with me in my own private disco channel every single day. Now: okay, next question: what's your favorite first green day or first red days, I am a long, biased trader and make more money generally from buying stocks, so my favorite, I guess, will be the first screamed. A team start with a $ 500 account challenge video series. Um and before you even ask: no, I'm not gon na take a thousand steps back and grow.

My $ 500 account from scratch. Why would I ever do that? You know unless I have a $ 5,000 DVD to sell favorite trading patent. Currently, so you guys know that I don't really believe in trading patterns. I believe in price action to meet patterns are all the candlesticks after they are formed in hindsight, all the pretty pictures that seem to always look a hundred percent in hindsight right, but price action is how the candles are forming in real time and that's what's really Important in trading, in my own opinion, of course, but to answer this question, I guess my current favorite setup will be the parabolic daily charts.

Are you sure to alone bias, so I think I'm more loan biased overall, generally speaking, of course, I'm better at buying stocks on the dip for both the penny stocks and mid-caps and large caps. But there are seasons and cycles where everything just tanks and those are the opportunities where I wouldn't hesitate to go in and slam the bid. The number one thing to keep in mind when trading in actual moment. The number one thing is to follow your plan.

You should be trading your plan and planning your trade right. Like I've talked about in many of my previous videos, you want to leave your decision-making before you enter the trade, so you already know you're just reacting to your plan right. If the stock goes in your direction, you know where you want to take profits. If a stock goes against you, you know where you want to cut losses, you're, not planning and forming a decision in the moment, you're just executing your plan.

How do you go around small capital gain taxes eating most of your profits? You don't go around it. You pay your taxes. As you become bigger, you can think about trading as a business which I do and you have a lot of tax write-offs of all. The scanners or the equipment and everything like that, but you know you it's taxes, taxes, you just got ta pay it.

Why don't you trade Forex? Why don't I trade options? Why don't I trade futures? Why don't I trade crypto? I don't know you stick with what works for you and what works for me. Is stocks. I'm gon na stick with trading stocks. Did you wait until you were profitable to go full-time as a trader, so I actually never planned on going full-time as a trader, like I mentioned earlier, I enjoy having multiple income sources and, of course, when I first started trading, my trading income wasn't bigger than my Actual employment income right eventually that changed, but I still kept having multiple income streams, and that was nice.

I think the best way to learn how to trade is not having to rely on your trading income, because that's the only way to make you not so emotional and attached to the actual money. So that would be my suggestion. Stop buying into all these marketing about. Oh, they shouldn't you replace your current job income, I believe in trading wow, you have a job and that's how you learn and that's how you earn at the same time, and maybe eventually that will change and you can decide whether to quit your job or not.

But I would never recommend someone to quit your job to start trading. Did you ever blow up? If so, how did you recover? And yes, of course, I blew up, I believe, to account and they were all about $ 5,000. How did I recover? Like? I said I have multiple income source and I'll just fund the trading account from my employment income. How long does it take until you became profitable took about three years? What was your turning point that finally made you profitable in trading? Okay? So there's this myth out there that there's a one secret sauce, that's gon na, make you profitable and make millions of dollars in trading everyone's looking for that trading secrets, but really there's no secret and there's no one single turning point that changed the game.

For me, trading is a marathon, I think, overall, what changed my trading over a long period of time was learning to trade. My own plan and planning my trades, which is extremely important when you first start planning your own trade you're, not gon na start making money right away either. It was because you don't know how to plan for your trades. You don't know what you're good at you.

Don't know your personality, yet in trading, that's why it's gon na take a long time. It's not something now change overnight to over a couple of weeks. It took me months to even learn how to draw a chart and know, draw all the support and resistance levels and what those mean and how to treat them intraday. So there's no one single turning point and there's no one DVD or one book or one secret indicator that change the game.

It's a long process over weeks and months and even years as well of trading and learning from your mistakes and improving your process. Can you explain the limitations that we have for day trading with a small account like $ 1,000? So in my own opinion, I don't think you should be trading with an account smaller than three thousand or five thousand dollars day trading is a business. It's not a hobby. If you want your business to do well, you need money.

You need capital to invest in your trading, so if you have a $ 500 account a $ 100.00 accounts or even a thousand, in my opinion, that's not enough! You should save up. Go back to your job or get multiple jobs and save up. I know it's hard. I know most people don't have five thousand dollars, but that's my honest suggestion.

I don't believe in the whole fight turning your $ 500 account to a million, that's marketing. I don't believe in that they just start out trading us part-time. If, yes, how did you allocate time and effort into it, and the answer is yes, I started out trading part-time, where I still have my full-time job and how do you find allocate time and effort? Just ask yourself: do you want it bad enough? If you do, then you will find the time and effort to wake up early, to study, to chart your stocks and to prepare before the market opens, and it's the same thing. Afterward I'll come back and see what I missed for the day and review all the movers on the day and plan my trades for the next morning.

It's basically just not having a life outside of work and trading, and you got to ask yourself: are you willing to sacrifice that? There's no easy money in trading? Do you think before starting to shorts, one should master going long first. So I think this question is gon na be different for everyone for myself. Yes, I did learn to long first and then I started to short afterwards, but I do believe that your hope with your trading overall, doesn't matter where your long bias or short bias. If you know how each side of the trade works, so if I'm among biased trader, I want to learn what a short seller is thinking so when they are getting squeezed, I can loan and join the short squeeze and vice versa, if I'm shorting a stock as A short seller I want to know when the long traders are gon na give up and they're gon na dunk the position and that's where I want to sell into them.

So it just depends on your trading style and what you're comfortable with. But if you're asking my opinion, I would say to start loaning first before shorting. What do you do when you catch yourself over trading trying to recover from consistent read days? So that's a very good question and it's something that you know I have talked about in my recap: videos where I'm having read days the next day I size down a lot. First of all, I'm focusing on trading.

Well, I'm focusing on staying green on the day. There's a matter if it's $ 50 $ 100 $ 500 $ 5,000, it doesn't matter. I just wan na end the day green, to regain my confidence back, because that's the most important thing in trading. You want your emotions and your confidence in control.

You're not trying to trade and make back your losses, because that's what's gon na snowball you into even bigger losses for like the next few weeks, so you know, focus on treating well incised down and just make $ 1 $ 5. It doesn't matter what made you decide to create trading videos. So that's a very good question, as you remember earlier, as mentioned that I was working in VFX in in film, so I'm naturally a very technical and creative person at the same time, and I love blending different mediums together and combining trading and making these shorts YouTube Videos is kind of like the perfect blend of having something that's really analytical and number based and something that can be very creative and technical at the same time from a former career blending them two together, it's like the perfect mash of my passions, so you know I love doing it and it's helped me so much in my own trading too, and I think at the end of the day it comes to passion. You have to be really be passionate about what you're doing, if you don't have real passion for trading.

If you just want the money, but you don't have the passion and determination to stick with it for like five six years, it's probably not gon na work out and it's the same thing with YouTube right. You have to be actually passionate about making these videos creating these content and writing these really bad jokes, whether you think they're funny or not. I had so much fun making it and I hope you guys enjoy it as well. Okay, now we are moving on to the non-trading relay the questions and the more personal juicy ones for those who are still around.

How old are you so? My friends call me grandma because I go to bed, I like 9 and 10 o'clock at night, I'm sitting down for this video today, because um my back hurts after snowboarding. What's your favorite thing that you do for fun and by the way, love your videos and, first of all, thank you. Whoever asked that question for liking my videos. Well, I love doing the most fulfill.

Is pole, fitness or pole, dancing and and before any keyboard warriors out? There start typing, and I know she doesn't make money from trading but impose anything. I do not make any income from pole dancing, it's my form of fitness and hobby. I've been doing it for years now it keeps me fit. It keeps me good and I love it.

Are you from Canada? I always see a Canadian flag in your videos and, yes, I'm a very proud Canadian. Will you ever buy a Lambo and what's your favorite Lamborghini, I don't think I'll ever buy a Lambo, but I wouldn't oppose to renting one for like a day or two just to know what a big deal is. But I guess my favorite Lamborghini will be the dead Mouse's Lamborghini Perry come get it Perry Kong, what's your favorite anime, so I don't actually watch that much anime, not all Asians watch anime by the way. That's a stereotype first of all, but I guess if I have to pick or be Death Note from maybe like 10 20 years ago, the actual manga, not the anime series, so Death Note check it out very good.

Are you Japanese again? Not all Asians are Japanese, so no can you hit a rail on your snowboard, so I don't really know whether I can hit a rail on a snowboard, but a rail could definitely hit me. So, to my surprise, the most commonly asked question on my youtube channel about day trading, isn't about trading or about any strategies or setup single or married, and it's actually the same thing in all. My Instagram DMS and all my Instagram story questions and I never really got why anyone cares so much about why anyone is single or not. So I never really truly answered that question just because it's not what my channel is about, but I guess for this Q & A video I'll answer this question once and for all and this one time only so for the question: are you single or are you Married so the official answer is yes, I am single, but I also know somebody who would get really pissed if he hears me say that, thank you guys so much for sticking around and watching this Q & A video and thank you for submitting your questions.

I've gotten hundreds of questions from the Instagram story and I only picked the ones that were really common. So if I missed your question, ask me again down in the comment section below and I will I'll be really happy to answer if you guys enjoy it. Videos like these, I want to see more in the future. Please remember to hit the like button and subscribe.

Thank you guys so much for watching. As always, I'm the humble trader and I'll see you guys next week.