The Dangers Of Day Trading: How I Lost $1 Million In 1 Hour

Yesterday I watched nearly $1 million evaporate from my day trading accounts in less than an hour. By the end of the day, I was able to make a good chunk back, but I still finished the day at -$409k. As horrible as this is, it could've been so much worse. I am still up a lot on the year, and I live to fight another day. However, I have to face the brutal reality that my once impeccable risk management has completely disappeared this year, and unless I change something now, I will not be around to trade for much longer.

In this video I give you guys a background on how I ended up in this position, then I dive into a live recording of my screen as I am taking the loss, and I finish with key takeaways that I will use moving forward.

If you trade stocks at all or ever plan on it, especially if you are a short seller, I think you can benefit from the lessons in this video.

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Oh yeah and my content is for entertainment only. In no event will I be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of my content on YouTube, Instagram, or TikTok. I am not a licensed broker/financial planner. All financial decisions made by the viewer should be done after talking with a licensed professional. Everything on this channel is for entertainment only. My video content may change over time, or become outdated or invalid. I reserve the right to change my opinions and entertainment content at any time.

(0:00) The Loss
(0:56) The Backstory
(7:00) Live Trading Footage
(24:21) My Plan Moving Forward