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I Paid Fiverr to Day Trade $10,000. Here's What Happened.. - YouTube
Channel: Wealth Hacker - Jeff Rose
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when you're a financial planner do you
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know what the most annoying question
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that you get is
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guys guys hey jeff what's the best stock
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to buy what's the one that's just gonna
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make me
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so much money i can't even tell you how
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many times
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i've been asked that question throughout
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my entire career
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even though i'm not a practicing
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financial planner i'm still
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getting that question today but i get it
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buying and selling a stock at a profit
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can be one of the quickest
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ways to make a quick buck and that's why
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so many people
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want to become day traders blue star
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put all your clients in it and the
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concept of day trading
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seems pretty simple right you pick a
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stock maybe
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a currency or commodity you buy low you
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sell high and then
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you make money and that's what we call
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money in the bank now obviously
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that's not the case most people that
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attempt day trading
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don't make any money actually they end
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up losing money
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you're gonna give me my money it's been
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reported that anywhere between 90 to 95
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percent
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of people that date trade in fact do
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just that
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lose money even gram stefan did a video
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talking about day traders
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losing money and in his video he cited a
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study done by the trading platform etoro
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now in their study not only did they
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share the percentage of people that lose
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money day trading
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but they also shared the average return
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and trust me it ain't pretty but
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seriously though the fact that 80
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of day traders have a median loss of
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36.3 percent is absolutely unacceptable
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and needs to be stopped
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not to mention that 75 of day traders
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end up quitting within just two years
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now you might assume as a certified
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financial planner and a former
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practicing financial advisor
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that i am an expert at day trading
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well the fact is i'm not day trading was
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something that i never really
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got excited about i was already in front
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of my computer screen
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enough i didn't want to have my face
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glued to charts and graphs
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any more than i had to but then i came
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across this
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young gun youtuber by the name of
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biohaza by hisa i
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i don't know how to pronounce his name i
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tried looking it up
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buy us a buy us a buy is a buyer
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buy as a buy buy
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so in his video he shared how he went to
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one of my
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favorite websites of all time fiverr he
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went on
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fiverr paid somebody to show him when to
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buy
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and sell stocks and made money and i
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thought
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i gotta do this so welcome to my fiverr
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day trading experiment
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let's go so if you're not familiar with
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the site fiber it literally is
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one of the best sites ever you can pay
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anyone to do basically anything if you
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need somebody to do some graphic design
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if you need somebody
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to do a voice over if you need somebody
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to say anything that you want wearing a
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fruit suit you can pay them to do it
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jeff has the best money channel on
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youtube
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you better subscribe and sure enough
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there wasn't
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a shortage of people that were willing
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to take my money to teach me
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how to learn how to trade stocks how to
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make money in the stock market
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and for the nature of this challenge day
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trade so after looking through
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all these different gigs all these
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different options i
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finally found the magic one
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i will help you make 1 000 a day
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by providing stock market signals i mean
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who doesn't want to make a thousand
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dollars a day sign me
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up all right so this is the gig that i
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bought and let's find out what happens
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next
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all right y'all this is probably one of
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the worst challenges that i've ever
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tried to do i really underestimated
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trying to
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do this challenge with being quarantined
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at the house having four kids trying to
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run a business you know it's a little
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bit of crazy talent nonetheless i have
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made some progress so i went on to
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fiverr you know i got
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the gig i found somebody that's going to
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share some amazing stock pics with me
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from there they instructed me to open a
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telegram account which is kind of like
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an
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instant messaging service and uh from
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there
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they started giving me some stock picks
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so from there i transferred
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money into my td ameritrade account this
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was
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a broker's i felt much more comfortable
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with i know like robin hood's very
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popular they've obviously had some
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issues so i transferred
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ten thousand dollars uh into my td
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ameritrade account just in case there's
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some
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picks that i wanted to make one make
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sure i had the cash ready
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and uh then it began so this is what
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started happening from uh this
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this this fiber gig you know he's giving
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me all these different pics
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sending me information but what happened
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was that
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i just i just didn't have the time
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to actually execute on any of these
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trades like i just i would wake up
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you know i had other things i needed to
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do and next thing i knew like i just
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missed it because a lot of times he was
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like okay you need to buy this now
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and then you sell and i really missed a
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lot of opportunity but then there was
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finally one
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that i acted on so one of the picks that
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he suggested was s
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p g which is simon property group uh
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they actually just recently
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were going to buy out this other company
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that all fell
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through but
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nonetheless i gave was given the
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instructions
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i bought in at 51. the funny thing is
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like if you actually look at my account
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here uh this was a while ago so
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i bought it on may the 13th i bought a
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hundred shares
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for a total contribution of 5 320
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have i made money um yeah i actually
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have
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so here's where i'm up today so right
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now spg
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uh total market value 71.67
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and uh so i've got about an eighteen
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hundred dollar game
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and if you see some other positions in
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there so these are some of the stocks i
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bought as part of a grow your dough
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challenge which is another challenge
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that i'm doing
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uh all those all those investments were
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in there together
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so i'm excited i'm i made my first trade
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like i'm ready to see if i can actually
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make
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money using somebody off fiverr you know
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i'm getting all these
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updates and then all of a sudden i see
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this
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message
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so they had posted this in the telegram
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app
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thingamajiggy and i'm like wait what
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what's going on so i took a screenshot
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of that message i went back to fiverr
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and like hey dude like
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what's going on and that's when he
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replied
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with this so basically saying hey
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because there are so many people in the
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channel
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uh that buy i won't be buying any cause
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buying usually goes
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against me instead i'll be shorting i
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just didn't want to say it directly plus
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i'm doing
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exams at the moment so sometimes i won't
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be trading until the 22nd
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so apparently i'm getting stock trading
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tips from somebody who's in college i
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hope they're in college maybe they're in
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high school i
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have no idea i also realized or didn't
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realize at the time
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that the fiverr gig that i bought i only
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had like two
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weeks of trading tips that i was going
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to get with that gig
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if i wanted to continue with this person
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then i would have had to
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rebuy but i couldn't rebuy because they
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had to
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study for their next college exam so now
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it's back to the drawing board i gotta
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go back to fiverr i gotta see if i can
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find anyone else that has a gig that
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they are
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going to give me some amazing stock
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picks but so far so good
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because i am going to sell out of spg
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today
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but i actually miss my trading window
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today so i don't know if i'll still be
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up 1800
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tomorrow it'll probably be down 10
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tomorrow the market will probably drop
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that's just how it is when i do these
[481]
types of challenges
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but either way we made some money now
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let's see if we can make some more
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all right so right now i'm gonna go to
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fiverr i'm going to see if i can find
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another gig and i'm gonna show you what
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i'm looking at right now
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let me show you some options that i got
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so i've got this one stock alerts i will
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provide
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my best stock strategy all right i like
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it
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but uh let me go ahead and just type
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something in
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really quick do a little search stock
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trading stock trading let's see what
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comes up
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okay i don't know about this guy right
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here
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he uh he looks about the same age as my
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oldest son who will be 13 in july
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let's not go that route but i will do
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stock analysis and prediction
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auto trading there's a same one that we
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saw he's 295 dollars
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that seems like a lot uh 250. i'm cheap
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when it comes to like
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trying to save on trying to make money
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in the stock market
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all right we got this one i will show
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you how to trade stocks like a wall
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street professional
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that sounds intriguing ooh here it is
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check this one out
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oh yeah i will find lucky
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days to trade a stock market by vedic
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astrology i don't even know what that
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is somebody needs to type that into
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google right now and tell me
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what in the heck is vedic astrology
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i don't think that's the one that i'm
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going to go with i think i can find
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something better 12 seconds later okay
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so i think i finally
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found the pick i mean it's it's a deal
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how
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can i not pick this one i'm gonna make
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that deal
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so you saw earlier there's this one
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stock alerts
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it's got 4.9 rating uh
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15 reviews and it's starting at
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dollars but check this out so for five
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bucks
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i can get two stock pick alerts but i
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can go
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standard get five stock pick alerts
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or i can go premium and do
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10 stock pick alerts and this was with a
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clear
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entry point recommended exit point and a
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stop loss i mean
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that's the deal so yeah this is the one
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i'm going to go with i think this is the
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winner so i'm going to go ahead and
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purchase this gig and let's get this
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puppy started
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[Music]
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all right so now all i have to do is
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enter my email address
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and within two days i'll be getting my
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first
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stock picks now the time of this
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recording is thursday so i don't know if
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that's two
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regular days or business days either way
[650]
monday it looks like i should be getting
[652]
some stock picks
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and ready to place my first trade with
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this
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new person let's find out if i can make
[659]
money with this
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fiverr gig let's do it
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all right so gotta update i did get the
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stock
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list from this fiverr gig and i swear i
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don't know how many times i can mess
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this challenge up so
[675]
the one thing i liked about the first
[677]
gig was i was getting
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updates i think like every day getting
[681]
stock alerts and apparently i
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i just kind of misread what this gig was
[685]
but he did
[686]
come through but what the gig was was he
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gave me his
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top 10 picks that's what i paid for so
[693]
this is what
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he had to share all right so these are
[696]
the top
[697]
10 stocks he gave me we've got the
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symbols there he's got me
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an entry point of each of these possible
[704]
exit point
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stop loss order possible profit per
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share if it hits and then possible
[710]
earnings
[711]
with a thousand shares so like that is
[713]
what
[714]
was delivered but let's go and just take
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a look at what
[717]
are some of these stocks and i'm gonna
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go through every single one but just so
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you can get idea
[721]
what his top picks were
[725]
all right so let's just look at a few of
[726]
these the first one on the list
[728]
d symbol is d-r-r-x direct
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corporation direct uh currently at the
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time of this i think that today is june
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the 30th
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232 i didn't really didn't realize there
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would be
[740]
penny stocks involved with this but
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whatever um
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so that's one entry points 222 so
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he would want the price to drop a little
[748]
bit let's look at just a few more
[751]
mbio so here we've got mustang
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bio ink and it is
[758]
currently at 321 so we are close to an
[761]
entry point
[762]
on this one here and there's actually a
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few
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familiar names i mean bigger names here
[768]
you got ge
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general electric currently at 678. he's
[773]
got an entry point of 648.
[775]
i thought there was one more that i
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recognized but
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either way you kind of just get an idea
[780]
definitely a lot more lower priced
[782]
stocks than i would have
[784]
wanted initially am i going to buy
[787]
any of these well we're going to find
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out three hours
[791]
later okay so i think i found the gig
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this is going to be
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the next gig that i'm purchasing through
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fiverr
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and this is going to be the one that
[800]
makes
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i don't know i just say that so let me
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show you what it looks like
[805]
all right so i'm going to get this one
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i will provide daily stock trading
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alerts and swing alerts
[813]
there is these different memberships
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we're gonna try it out for
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a month so eighty dollars
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three dollars and eighty cents a day i
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could go premium but that's just
[823]
i don't know how long i want to do this
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so i just want to get something going so
[827]
i can actually start making some trades
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because right now i've only made the one
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spg
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i haven't made trades yet with the the
[832]
second gig that still
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remains to be seen see how the market's
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gonna play out but this is the one i'm
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going to
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buy right now so let's get to trade
[841]
all right so i got the third gig i
[843]
purchased it
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and the way this one's going down is
[846]
that this guy or this person
[848]
uses a slack channel which i
[852]
like slack i use slack for my business
[854]
so this should be
[855]
really easy now this was kind of fun
[857]
because uh so he had to create like your
[859]
username
[859]
and i don't know how many people are in
[860]
here like maybe like 30 people but
[862]
the requirement or the suggestion was
[865]
you had to you have to have
[867]
shark in your name so there's yay yeah
[870]
shark shark 007 sharknado
[873]
i really don't have a good shark name so
[875]
for those that if you're familiar with a
[877]
super bowl appearance with katy perry
[880]
several years ago
[881]
there was a a a dancer that went viral
[884]
called
[885]
left shark that's that's my name so look
[888]
they're welcoming me to the group
[891]
okay so the one thing that i can see is
[893]
this this group is really active so
[895]
there's a lot of information being
[896]
shared you've got people swing trading
[898]
day trading all this fun stuff i still
[900]
have to kind of dive in this person
[902]
actually wants to set up a call with me
[903]
just to make sure that i understand how
[905]
it works i can't do that today so i
[907]
might take that person up on this offer
[909]
tomorrow
[909]
if so i will let you know but yeah let's
[912]
uh let's get to trading come on left
[913]
shark time to make some money
[915]
a hot minute later all right so it's
[917]
been a hot minute since my last update
[919]
i've been
[919]
in this slack group getting some ideas
[922]
and i'll be honest like there's just a
[923]
lot of activity i haven't been in there
[924]
as much as i would like i
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finally see something based on what
[928]
these
[929]
other sharks are sharing and this is
[931]
what they had to say let me show you
[933]
all right so w-i-s-a is one that they
[936]
are looking at
[937]
and i am getting ready to put in a buy
[940]
order
[941]
so at the time of this recording i think
[943]
we were looking at about
[946]
224 is the ask oh it's up a little bit
[949]
all right so i got to go ahead and put
[951]
this buy order in
[952]
get this taken care of and uh we'll see
[956]
if i actually make some money on this
[958]
one we'll find out
[959]
in the next update but i gotta go hit by
[961]
so it doesn't go back up and i mess up
[963]
my opportunity
[964]
here i go
[970]
[Music]
[974]
okay so this this challenge has actually
[977]
been
[978]
a lot of fun i thought that maybe i
[980]
could wrap this up in one video but i
[982]
can already see like this is something
[983]
that i'm gonna have some fun with i'm
[985]
gonna keep
[985]
doing so i wanted to end this video
[988]
right now
[989]
but if you want to know how this
[990]
continues then
[992]
you better subscribe if you haven't done
[994]
that yet so go ahead and subscribe
[996]
hit that notification bell and if you've
[997]
enjoyed this so far give me
[999]
the fun thumbs up alright so where are
[1002]
we at
[1002]
right now so i bought the first stock
[1006]
this was
[1006]
spg i bought it uh for total
[1010]
investment was five thousand three
[1011]
hundred and twenty dollars
[1013]
i sold it for six thousand seven hundred
[1016]
and thirty seven
[1017]
dollars and thirty four cents for a
[1019]
total gain of one thousand
[1021]
four hundred and seventeen dollars
[1023]
thirty
[1024]
in addition to that stock i'm currently
[1027]
still holding the other two stocks there
[1029]
haven't been any new purchases
[1031]
i own wisa i have 2500 shares of that i
[1036]
also own
[1037]
tmbr currently i am up a
[1040]
whopping 64
[1043]
uh in those two so if i add the gain
[1046]
from the cell
[1047]
spg the current gain of those two stocks
[1050]
the total gain is 1481.34
[1056]
now i recognize that the 64 gain is not
[1059]
profit yet because i haven't sold but
[1062]
nonetheless like that's how much
[1063]
i am currently up now there is the
[1065]
investment
[1066]
or cost of buying these gigs on fiverr
[1070]
so the most recent one that was
[1071]
eighty four dollars i had another one
[1072]
that was seventeen dollars i think there
[1074]
was another one that i bought that i
[1075]
even mentioned in this video but
[1077]
go ahead and tack that on you know this
[1079]
is a whole trial and error thing so that
[1080]
was 42
[1081]
so all said and done i total profit of
[1085]
this
[1085]
fiverr challenge currently is 1338.34
[1091]
take that dave ramsey i don't care what
[1094]
you say jeff i still think you're crazy
[1096]
now i probably should have said this at
[1097]
the beginning of the video but
[1099]
this type of investing strategy
[1102]
is is pretty crazy and i definitely
[1105]
wouldn't suggest this if you are
[1107]
a beginner and if you don't have a lot
[1109]
of money to invest i would much rather
[1111]
you start investing
[1112]
small you know buying etfs buying
[1114]
fractional shares
[1116]
instead of trying to day trade through
[1118]
some fiber gig
[1119]
so there is your warning there is the
[1122]
disclaimer
[1123]
make sure that you just don't do
[1125]
anything too crazy or too stupid with
[1127]
this last
[1128]
fiverr gig i am truly loving this slack
[1131]
channel i mean it is
[1132]
super active even just today i was out
[1135]
running some errands didn't get a chance
[1136]
to get on there until i got back home
[1138]
and then sure enough just in one of the
[1140]
main channels i think there's like seven
[1142]
or eight
[1143]
but there was like 50 to 60 unread
[1145]
messages and that was
[1147]
from 8 a.m to like noon so i can already
[1150]
tell like there's going to be some other
[1151]
opportunities
[1152]
in there which i can't wait to share uh
[1155]
until a future video so once again you
[1156]
better subscribe because i'm still
[1158]
having fun and i hope you're having fun
[1160]
too all right y'all this is jeff rose
[1161]
reminding you that it's your money it's
[1163]
your life and all you can make it
[1164]
awesome until next time
[1166]
peace
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