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Author Topic: the hmong trader on youtube, are trading FOREX and BITCOIN, why i think that's w  (Read 12934 times)

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Offline hmgROCK

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I see a lot newbie hmong trader on youtube
falling for those get quick rich fast scheme
most of the video, i see on youtube are video are hmong folks trading FOREX and BITCOIN

like all these dude

https://www.youtube.com/user/danengxiong/videos

https://www.youtube.com/channel/UCPMiEKyocUBygYUuRmKLjxg/videos

https://www.youtube.com/channel/UC0YkP4Fg_d8y6JFwLj3MLdg

https://www.youtube.com/watch?v=OPhYjlJvCzo

a lot of FOREX trader and BITCOIN trader dont end up good
there's too much risk
both of those don't produce anything
no product to sell, buy, interest, no employee

just all speculation



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Offline hmgROCK

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a lot of these newbie are chasing 1-10% daily gain
that is just bat shti crazyyyy

instead,

should be focus more on slow growth

0.1%-0.5%   every day

i take half a percent every day, if you can give me
hahaha




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Offline theking

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I wonder if others have called him out for giving them "bad investment advice" too... ???



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Offline darkhelmet

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If it sounds too good, it probably is too good to be true.

Slow and steady will win.



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Offline hmgROCK

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If it sounds too good, it probably is too good to be true.

Slow and steady will win.

Yup...

Gotta go slow and steady
These people are doing 5% - 10% daily

I see a lot of them are joining forum and group
And pumping and dumping at the same time

Just hold into your S&P 500 till you die



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Wi_sweetguy

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I saw alot of Hmong people joining forex as the new MLM, but had been dwindling downward.  Some cousins joined, and quit.  these types of company are risky and more likely to fraud you into believing you'll succeed.
As far as stock trading goes, I lost about 500 in 6 months. It was the best experience for me messing with penny stocks and getting hands on. LOL



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Offline hmgROCK

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I saw alot of Hmong people joining forex as the new MLM, but had been dwindling downward.  Some cousins joined, and quit.  these types of company are risky and more likely to fraud you into believing you'll succeed.
As far as stock trading goes, I lost about 500 in 6 months. It was the best experience for me messing with penny stocks and getting hands on. LOL

Forex to me is just like bitcoin
don't produce anything
no product, sales, employee, interest, etc....

yes, they join these MLM group with many peoples
and their leader tell them when to buy and sell
so they can move huge volume and $$$
pump and dump

i would probably advise you not to do forex and penny
if you do it, get in and out
cut your lose quick
set stop loss




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Wi_sweetguy

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Forex to me is just like bitcoin
don't produce anything
no product, sales, employee, interest, etc....

yes, they join these MLM group with many peoples
and their leader tell them when to buy and sell
so they can move huge volume and $$$
pump and dump

i would probably advise you not to do forex and penny
if you do it, get in and out
cut your lose quick
set stop loss

very true.  get in, get out and forget about commitments.



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Offline hmgROCK

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very true.  get in, get out and forget about commitments.

i trade ETF mostly
it is really liquid

think it like mutual fund but instead of waiting till the end of the day
you can trade it like stock

mostly just total market  and s&p500 ETF



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Wi_sweetguy

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i trade ETF mostly
it is really liquid

think it like mutual fund but instead of waiting till the end of the day
you can trade it like stock

mostly just total market  and s&p500 ETF

I need to learn more about it and get back into trading..robin hood it is.. ;)



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Offline hmgROCK

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I need to learn more about it and get back into trading..robin hood it is.. ;)

robinhood is good for trading
keeping our commission and fee zero

they do not offer a ROTH IRA account
and that's the one you need to be doing first
maxing out your ROTH IRA account $6,000
that $6,000 should be in a S&P 500 or total market index with some bonds depending on your age

once, you get that far
than you can start to play with robinhood in a taxable account



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Offline hmgROCK

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i don't like this dude
daneng
he's promoting some high risk/high reward
he have crypto trading
for that reason only,  im out
won't take any of his advice

https://www.youtube.com/user/danengxiong/videos


so if you take a look at one of his video

https://www.youtube.com/watch?v=zJwdFFU5sJg

this one
dude is teaching you about compounding interesting at a 20% rate per month!!!!!
ain't no one is going get 20% per month every month

that's like  240% in one year
when the S&p500 average just 10%ish



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Offline darkhelmet

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i don't like this dude
daneng
he's promoting some high risk/high reward
he have crypto trading
for that reason only,  im out
won't take any of his advice

https://www.youtube.com/user/danengxiong/videos


so if you take a look at one of his video

https://www.youtube.com/watch?v=zJwdFFU5sJg

this one
dude is teaching you about compounding interesting at a 20% rate per month!!!!!
ain't no one is going get 20% per month every month

that's like  240% in one year
when the S&p500 average just 10%ish

Bro why you post a funny video?

This dude is one crazy guy.  I say S&P500 average 7% over time.

Wonder if he already a millionaire?  :2funny:

Did you see his latest video?  https://www.youtube.com/watch?v=YnRw4P6CsXg

I hope this guy don't commit suicide.   ;D


« Last Edit: February 07, 2019, 02:03:52 PM by darkhelmet »

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Wi_sweetguy

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robinhood is good for trading
keeping our commission and fee zero

they do not offer a ROTH IRA account
and that's the one you need to be doing first
maxing out your ROTH IRA account $6,000
that $6,000 should be in a S&P 500 or total market index with some bonds depending on your age

once, you get that far
than you can start to play with robinhood in a taxable account

geez, 6000k? but thanks for the advice.



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Offline hmgROCK

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Bro why you post a funny video?

This dude is one crazy guy.  I say S&P500 average 7% over time.

Wonder if he already a millionaire?  :2funny:

Did you see his latest video?  https://www.youtube.com/watch?v=YnRw4P6CsXg

I hope this guy don't commit suicide.   ;D

Not alot of hmong trader on YouTube
Maybe I should start one
Where i shows hmong people how i trade ETF

These guys on YouTube are trading mostly forex and crypto

That’s a no for me
Im out



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