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Oh boy oh boy so after posting yesterday’s video i got a lot of people saying oh my gosh jeremy’s a day trader this guy’s full of bs he’s not a long-term investor in companies he’s placing too many trades he’s placed into many trades he’s trader in and now stocks he’s a day trader man and so i want to respond to that because i think it’s a serious thing we could talk
About and i’ll explain myself here okay so i understand this so just in the past like two weeks these videos have come and the channel i just bought 18,000 dollars worth of tests of stock then i post a video a few days later bought nine thousand two hundred and forty four dollars of facebook stock nikka in a few days later elon musk talked about going private with
Tesla and in that video i disclosed that i sold out all my tesla shares at around three hundred eighty dollars a share then the l brands video comes out yesterday on why i sold out of my l brands and everybody’s like oh my gosh you’re a short-term trader you’re there you’re not a long-term investor you’re just a bunch of bs you don’t even stick to your strategies
This and that so let’s respond to that so first off in regards to any buys i do out there you got to understand i make a lot of money like what am i gonna do with all my money am i just gonna shove it under my bed like obviously i gotta do something with it i’m gonna invest my money okay i’m a real investor out here not like some people that you know they have
They make a lot of money and they have very little invested i actually invests a majority of my money so i make over fourteen thousand a month just off youtube and it’s not even my biggest life it’s not even my biggest income source okay it’s my second biggest income source i make over fourteen thousand just from this so you can imagine what some of my other
Income sources bring in so then i’m saying that to flex i’m just saying like i make a lot of money and i got to do something with all that money what am i gonna do with it like you’re like i’ll just shove it under the bed like what am i gonna do with all this money coming in i’m gonna invest it so anytime you see me buy shares you know in a big portion it’s cuz
I make a lot of money okay so that’s that part now the other part is people you know saying i sold out of tesla once again with tesla shares i didn’t want to hold a company that’s gonna potentially go private i don’t know how hard that is for people to understand like i don’t want to own a company that’s going private it’s as simple as that i’m a public company
Investor if i want to be a private investor i would moved to silicon valley i become a vc okay that’s not what i like to do that’s not what i do all right and by the way i would become a vc and make a lot more money off of the shares of some of those companies than what you can make off tests over time okay so i don’t want to be only being a private company so
That’s why i sold out a tesla shares at 380 i don’t want to be in a private company i invest in tesla think this is gonna be a public company they don’t certain they announce you’re gonna go private for 20 i don’t want to be a private company i do what i do with all companies when they announce they’re gonna guess you know bought out or they’re gonna sell out or
Whatever i sell the shares okay i don’t worry about whatever the additional website is is that’s as simple as that guys if you can’t understand that then i don’t know what else to say then elgrands i explained very fully why i want out of ella grants it’s a short term management team all they do is think about short term they pay out almost all their profits and
Dividends they show no signs of change in that the victoria’s secret brand is really damaged right now it had unbelievably bad numbers last year and they still can’t recover it mandarin seems to be delusional they are like it sound like they’re optimistic or something it’s like like dude these numbers are getting worse and worse so really i’ve only had two cells
Recently tesla because i don’t want to own a private company okay and elgrands because i don’t want to own a company anymore that i just have found as a short-term in nature company that they just want to pay off like like pell grants like seriously that they can’t invest their money they just have to pay it all out to shareholders they don’t know how to invest
Money like that’s a bad sign for a company so when i look at things here am i really a day trader or a short-term trader absolutely not i’m gonna buy company cuz i make a lot of money and i need somewhere to put the money okay and i’m gonna sell out of stocks if i feel like that stock is not where i wanted to be or it’s not why i invest i didn’t invest in tesla
For it to become a private company i invested because i thought i was gonna be a public company okay and it also in its private i don’t want part of that it is simple l brands i invest in that because i thought this management team would maybe you know focus more long-term in the the more i had been in it ferb don’t know six or seven months now the more i found
This company was just a short-term company short term short term and i saw a little bit over the past few weeks so in my short term trainer date trainer call me what you want to call me but it is what it is thank you for watching guys and have a great day
Transcribed from video
I'M A "DAY TRADER" NOW lol By Financial Education
