Comments by "Jake Broe" (@JakeBroe) on "$25K Trading Challenge (Day 076) - I Lost $7,000 in One Day" video.

  1. Thanks for watching everyone! If you are enjoying this series, then give this video a LIKE to support my channel! Also you can checkout my playlist for this entire trading challenge here: https://www.youtube.com/playlist?list=PLscTZuOqKWIyS6LKoVjC_fifTSiwrxdNV
    15
  2. For sure! Lots of layers to it all, but I like keeping my picks as simple as possible. If a stock falls below the 20, I am going to be pretty ruthless and just cut it, haha.
    3
  3. Thanks for the support Matthew! We'll see how the rest of this week plays out, haha.
    2
  4. Yep! I explain in the video of course but I didn't sell anything. It'll all come back.
    2
  5. Thanks Frank! I appreciate the support!
    2
  6. The market dropped 30% last March because of the pandemic and I wanted to figure out how I could make money from it.
    2
  7. Nope! I learned this year to NOT buy the dip when short term trading. If something is trending down, it is best to ignore it and wait for it to bottom out. I'd rather cut my loses and shift to better stocks in a proven uptrend. Cheers Ron!
    2
  8. Nice one Wolf! Cheers!
    2
  9. Anything that drive clicks! Haha, these other large finance YouTubers will say anything if it gets the clicks. But, big changes to my holdings coming this week. Two update videos planned!
    2
  10. Thanks Zunar! Cheers!
    2
  11. Thanks GC! I'm doing my best!
    1
  12. Hey FP! When I buy calls, I look for an expiration 4-6 months in the future and I choose the strike price closest to being in the money. Cheers!
    1
  13. That's good if you are now moving in the right direction! Cheers Tate!
    1
  14. Thanks for watching Kurt! Cheers!
    1
  15. Yep! By the standards we have evaluated stocks by the last 10 years, everything right now is severely over valued. But the market is flooded with money and it has to go somewhere!
    1
  16. Yes, buying a spread would be cheaper than a call, but I am working with a lot of cash now (over $40,000) and I want to be in 10-12 positions. So I can afford contracts that are $2,000-$3,000. But that is just me at my risk tolerance. Cheers Jairo!
    1
  17. Thanks Andrew! Cheers!
    1
  18. And then went back up Friday! Let's hope for a Green Monday!
    1
  19. By "invisible stock market correction" do you mean all the over-valued stocks that run up huge last year pushed by these YouTubers that have no crashed as the original investors have been taking profit? The last to show up are now holding the bag.
    1
  20. That's awesome Aaron! I feel like if you are new to options, then just try selling some covered calls or cash secured puts. Selling is a great source of income with low risk. There is always time to buy options at a later day when you have more experience, haha.
    1
  21. I actually haven't lost any money on a single trade I have made this year. Everything I have bought and sold has been for a profit. But I know that record can't keep up, so we'll see if I can keep navigating these choppy waters the next couple weeks.
    1
  22. Thanks Dwayne! Cheers!
    1
  23. Honestly, greed and impatience. Not good reasons I know, but I apparently have a VERY high risk tolerance in the market and am willing to roll the dice on some of these companies as long as it looks like their uptrends will continue. I know that selling options is the safer and better long term strategy!
    1
  24. I am hoping to hit $50,000 before then and then change up this challenge. I don't think I want to be buying calls going in to this Fall for sure. The entire market is overvalued and a correction in inevitable (later this year).
    1
  25. Yep! Looks like! Cheers!
    1
  26. That's a solid goal Sensei! Cheers!
    1
  27. Thanks Matthew!
    1
  28. I happily accept that vote every time! Cheers Pac Man!
    1
  29. Thanks Michael! I really like your comments! Cheers!
    1
  30. Haha, cheers John!
    1
  31. Yeah, I don't know. The other defense contractors report this week. I'm willing to wait and see what happens since I do think they are undervalued compared to the rest of the market. I am cool if they just start trading sideways, but LMT needs to stop falling, haha.
    1
  32. Those videos get clicks and they are easy content... I love how they all saw the top of the market coming when the S&P hit 3000, haha
    1
  33. Sounds good Chris! I definitely can include a quick recap of all the charts in future videos. Cheers!
    1
  34. Almost back to where I was at the beginning of the week! VIX is going to spike this week with all the tech giants reporting. I can't wait to see what happens!
    1
  35. Thanks for the support Marc! Cheers!
    1
  36. What am I going to buy? Nothing in the real world, haha. I'm just going to keep adding money to this account and investing it all until I am a multi-millionaire.
    1
  37. I could be wrong! But FB stock hasn't gone up in 9 months and I think it is ready to pop. AAPL is the opposite and has run up huge already and lots of great companies see a sell off on earnings. We'll see what happens!
    1
  38. I am not sure I follow Tran?
    1
  39. A bunch of chicken littles. Those videos always get hundreds of thousands of views... so it's an easy video for those creators to make. People need to toughen up, lol
    1
  40. Thanks Eric! Cheers!
    1
  41. Hey raymond! I am 100% in the C Fund. I am just a buy and hold investor for the next 24 years. I think my PIP for the last 12 months is something crazy like 70%. Not really any news to report on it. Just buying and holding forever as planned, haha
    1
  42. I appreciate you watching Jes! Cheers!
    1
  43. You sound like you are on the right track Waller! Don't forget to max out your credit cards so you can get more money in to DOGE!
    1
  44. You are correct! You only "lose" when you realize a loss by selling. Of course I didn't do that, haha
    1
  45. No worries sheila! Welcome to the channel! I am going to keep making great content like this going forward, so just stick around and wait for the next upload!
    1
  46. Thanks Dave! I'm trying my best here, haha
    1
  47. I agree! I don't see a "crash" happening but more a very long period in which the market basically stays flat as the money supply has to be reined in to finally stop the risk of inflation. We'll see how to navigate it when it happens!
    1
  48. Thanks Eyob! Cheers!
    1
  49. Thanks Greg! I appreciate that! Cheers!
    1
  50. Thanks for the support Andres! Cheers!
    1
  51. Thanks Tran! I use Charles Schwab. They are great!
    1
  52. Haha, only a 6% drop on all my leveraged positions. I wasn't really spooked at all by that.
    1
  53. Thanks Russell! Glad people are appreciating what I am trying to do with these videos. Cheers!
    1
  54. Almost! But definitely no need to panic!
    1
  55. Thanks SM! I appreciate that!
    1
  56. Thanks for watching, appreciated!
    1
  57. Facebook is an international company that has hundreds of millions more users outside of the United States than inside the United States. This statement reflects your own personal dislike of Facebook and has nothing to do with their fundamental or technical analysis.
    1