This Is Why You Will NEVER Earn An Income From DAY TRADING

one of the main appeals of day trading is the belief that you can Bank profits on a regular basis and replace your 9 to5 income you can't and anyone who tries goes broke welcome back everyone in this video I will explain why you will never earn an income from day trading and what you need to do instead if you want to quit your job and live off trading profits let's start with the main problem your whole life you've learned to exchange time and effort for money you go to work do the job get paid it's

regular and reliable and it pays the bills each month we all take that process for granted so when we come to trading we automatically expect the same thing unfortunately it's just not possible in trading now just to be clear it is absolutely possible to make a ton of money and get very rich in fact that's easy to do and I'll explain how to do it what I'm talking about here is making an income profits on a daily weekly or monthly basis that you can rely on and use to pay your bills if you try to

do that like nearly all amateur do you're going straight to the pohx like all amateur do because that's not just difficult it's impossible at least it's impossible if you try to do it the way everyone else does it but I will show you in much clever way that works it's just unorthodox now I'm not going to repeat myself in this video about why shortterm intraday trading is impossible to profit from because of random markets watch the previous video in this series playlist if you want to find out about that for this video Let's just assume

the Instagram Traders are right Market isn't random and it is somehow possible to profit in the long-term trading short time frames even with that belief we can all agree that market conditions are inconsistent and change regularly sometimes they are trending other times they are ranging s gr they may be very liquid or sometimes illiquid and highly volatile that inconsistency in Market Behavior obviously translates to inconsistency in the profits you can make if there was a 100 pip train potentially you could profit 100 Pips but if the next day is stuck in a 20 pck range

you're not going to be banking anything close to 100 Pips you can only profit what the market makes available and what it makes available changes from day to day week to week and month to month what most Traders do is go into the markets with a target of let's say $100 for the day or maybe a pick Target like 10 Pips a day on a good trending day Vats easy so they hit their target and stop for the gay they've done their work being paid and now they can go and enjoy their life but the

next day conditions are different and not so easy they lose their first trade now to reach their daily Target they've got to make double $100 to recover the loss plus $100 to hit their daily Target so immediately their plan has changed they've got to do twice as much work or be twice as skilled in order to get paid twice as much as they did yesterday and what if their second trade also loses they've now got to achieve triple their original plan if they want to hit their daily Target do they keep going all day or

do they quit and try again tomorrow and tomorrow what do they do stop after making the first $100 which is their daily Target or do they try and recoup the losses from the day before so that their weekly Target remains on track and if the weekly Target fall short how do they make up for it by the end of the month to pay their bills you've probably been in this exact situation yourself and know precisely how difficult it is we've all done it and this doesn't only happen from one day to the next you'll have

good weeks and bad weeks good months and bad months the reality is trading is not an exchange of time for money and returns are not in any way predictable or reliable the sad thing is you can in fact make a regular income and pay your bills from Trading if you just use a slightly different strategy which I will explain now actually let me start with a rule my number one rule for trading the crowd are wrong about everything if you want to succeed at trading do the opposite to whatever the crowd are doing thinking or

talking about in this case rather than trying to force the market to give you small Dependable amounts in the short term you need to position yourself to accept whatever the market is going to give you over the long term and then spread that out yourself over the year here's what I mean let's just use the typical example of trying to make 10 Pips every day if you try back yourself you already know it's not possible you've definitely failed if you've tried that but what is possible is making 200 Pips a month that's pretty easy and

200 Pips a month is the same as 10 Pips a day if we assume 20 trading days in a typical month it gets even easier if you extend your time train out longer the YP in the past few years have averaged nearly 1,000 Pips every month if you caught just one 1,000 pip trown that's the same as making 10 Pips a day every day for 5 months I promise you it's a lot easier to make a th000 Pips one than it is to make 10 Pips 100 times in a row I'll leave a link in

the description and the end screen to the system that I teach new Traders which helps you do exactly what I've just described and that's the point in trading profit doesn't come uniformly day after day you're more likely to make a Year's worth of profit in just two or three good months and the rest of the year you make little or nothing but if your tank is big enough within 12 months you will have replaced your 9i Jo job and will have a regular income from Trading but you need to be patient for the first 12

months here's how it works you trade for a year capture all the non-random big trains and make massive profits you then divide it out over the next 12 months for whatever you need per month and you now have a regular reliable and completely Dependable monthly income that pays all your bills in other words last year's profits pay for next year's bills I know you may be thinking that waiting a year before earning any money is too slow well consider the alternative most Traders trying to make income from day one after their first year they fail

to earn anything they fail again in year two and year three and every year for as long as they keep trying to make quick income remember the crowd are wrong about everything the method I've just described is the way all professional Traders do it from individuals Trading at home all the way up to massive hedge funds profitable Traders pay themselves at the end of a year and live off that money for the following year and believe it or not this is the fast track to become wealthy I'll put another Link in the description to a

video where one of my clients start a $500 account up to 4 million in 2 years following this method in fact my average client that I work with comes to me after they've been trading for 5 years they've tried and failed for 5 years to to find a quick way to make an income every single one of them is profitable and capable of paying their bills from Trading after 12 months working with me 12 months doing things properly is an awful lot quicker than years and probably the rest of your life doing it wrong slow

and steady wins the race as always I hope you find this video interesting and helpful if so please subscribe to the channel if you haven't already done so and like comment and share the video If you here to help me get this content out to more people remember to check out the links in the description or click one of the videos on the screen now especially if you want to learn the system that will help you achieve what I've explained today thanks for watching I'll see you again next time