Broke Immigrant to Profitable DAY TRADER

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I can promise you, no immigrant parents  decided… Hey, let’s leave Asia, all our   friends and families behind, so my kids can  grow up in North America and become day trader. Hello, my name is Shay, also known as Humbled  Trader. I’m a Taiwanese Canadian living in   Vancouver. I was started out trading part time  many years ago while I had a full time job in Film   & VFX. Fortunately I got to quit that job many  years later and became a full time day trader. Today I’d like to share with you  my immigrant story and how my   upbringing in North America has transformed me  to become the full time day trader I am today. Spoilers, there was a lot of tears, shame but most  importantly, a lot of hard work and perseverance. So if you wanna hear more, then keep on  watching. And don’t forget to drop a like   in the bottom of the video if you are interested  in hearing more personal stories like this. So just for context, I was not born in  Canada. I immigrated here with my family   when I was around 12. And if there’s anything I  noticed at a young age, and upon my first week   living in Canada. Is that I learned the concept  of money and wealth quickly. And the reality is,   this was the first time ever in my entire  life that a thought popped up in my head. Wow.. I didn't realize we were poor. Back in Taiwan, we were just  like most other families,   living an average middle class lifestyle.  You really don’t need a lot of money to   live a comfortable life in Asia. We enjoyed good  food, our home looks the same as everyone else’s. I went to a public school where all my classmates  ate the same school lunch from cafeteria, and we   wore the same uniforms to school. There is  really no point of comparison or contrast.   And really, no need to evaluate  each other’s financial background. This completely changed when we immigrated to  Canada. And more specifically Vancouver, Canada.   While back in the early 2000’s the housing cost   wasn’t as high as it is right now. It’s still  not exactly affordable for immigrant families. And I know at this point a lot of  people are thinking… wait a second,   I thought all immigrants are filthy  rich. Like Nick Young from Crazy Rich   Asians. Don’t they just roll off the boat and  straight into a lamborghini at the airport? All I can say is. That's a gross  overgeneralization. While I obviously   can’t speak for every immigrant out there, most  immigrant families I know from early 2000s,   have a hard time adjusting to  North American life, financially. And don’t get me wrong. I know I was  extremely fortunate that my family   still had the means to immigrate to  Canada. My parents have always been   frugal with their finances. And  I'm extremely grateful for that. It’s just that after moving to Canada,  it was the first time I was sitting next   to very well off kids here. And seeing the  new “normal” in lifestyle here in Vancouver. I see my classmates eating fancy lunches.  With desserts, drinks and fruits. My classmates had big houses, 2 or 3 car  garages, big front lawns and back yards   and a basketball hoop in front while we  lived in tight little two bedroom apt. The first few years of financial challenges were  tough, however, my family never let that stop us.   We are resourceful. We don’t sit there and whine  and sulk, crying that our apartments are not as   big as other people’s houses or that our cheap  car doesn’t compare to other people’s Mercedez. Which by the way, you guessed it, this is  still the same Toyota Corolla I am driving,   today. More than a decade later. It’s  a true symbol of my immigrant family’s   perseverance. And it reminds me everyday, where I  came from ,and how hard I've worked to get here. And a big part of how I got here is learning  from my immigrant parents. Especially   my mom. My mom is eternal optimist. She moved  us here for a better life and better future,   and she believed that she needed to set  a good example for my siblings and I. Instead of just saying… “we don’t have  money, so we can’t afford this or that”,   my mom turned those financial  challenges into lessons for us. She taught us the value of each and every single  cent, and that if we wanted to do something,   such as going out to eat at a restaurant  once a month… well you better work for it. During our first few years in Vancouver,   we collected coupons so we can groceries  or everyday essentials at a discount. My siblings and I all had multiple  newspaper delivery routes,   with the help of my mom of course.  Together we made around $50-$70   CAD a month. And that's the money we would use  to afford to eat out as a family once a month. We bought everything second hand at  garage sales… bikes, sports gear,   pianos. Even in high school grades 10 to 12,   I worked two part time jobs at Tim Hortons  and the movie theatre to help pay for bills. No I regret to say that it wasn’t an   AMC Entertainment theatre, we  don’t have those in Canada. During the early 3-4 years as new  immigrants, I only recall seeing my   mom cry once when we almost got kicked out  of our temporary summer apartment rental. I mean, If she doesn’t show us how  to solve these financial problems.   Then we just gotta pack up and go back  to TW. She has already left her family,   friends and a comfortable lifestyle behind in  TW. She has sacrificed way too much to just give   up on this chance to immigrate to Canada for a  better life. There is literally no other option. It was not glamorous, but it taught me and my  siblings that you will never make life better for   yourself by sitting there whining and complaining,  that you don’t have rich parents, why are you born   in this poor family, and why weren’t given  a silver spoon and born into a trust fund. That was a perfect storm for me to build  up the foundation for my future work ethic   and positive mindset. Which is something  I carried throughout my previous career   in VFX and later on to day trading full time. I  wouldn't have chosen to grow up any other way. I learned to work hard, and realize that  anything worthwhile takes time. I took   the same lessons and applied them when I was  applying for college, competing for an exclusive   scholarship, or negotiating salaries  once I started working in VFX. And I think this should be  something applicable to everyone,   whether you are day trading or  working in VFX or any other career. I think at this point, many people would  easily say, so you’re saying your motivation   for working so hard to make more money and  buy more things. And that’s simply not true. It's from my upbringing as an immigrant,   I found my true motivation to work hard and  succeed in my career. And the motivation is   a better life for my parents. They worked  so hard to raise us here in Canada. I want to make my parents proud. I want them  to know that all the years of coupon clipping,   and shopping at the clearance section,  saving empty bottles and cans and all   the many sacrifices they’ve made so we can live  here, in North America, were not for nothing. I remember vividly one time, all the way back  in 2005, I went grocery shopping with my mom   at the very end of the store, because  that's where the discounted products   are. These are perfectly fine foods, they  just don’t look as perfect or as shiny. We were picking through the apples there,   and a man pushed through my mom  and I and said under his breath,   “if you can’t afford to shop at the front of the  aisle then you should just go back to China”. And this is just one story out of many  in our early years as an immigrant.   And I will never forget any of it. My parents may have spent a few years looked down  upon and receiving those humiliating remarks.   But now, I make sure they will NEVER have to  deal with that bs for the rest of their lives. And let me clarify, this was never an obligation.  My parents never forced me to take care of them   or expected anything in return from me. This  was not an obligation, but a fundamental desire. This is the real reason I hustled through  my early twenties for my career in VFX and   now day trading full time. When you have  a greater motivation and purpose than   just yourself. You don’t mind failing multiple  times on your way to success, for any endeavour. And it's through the same work ethic  that I made my way up from the bottom   as a junior level 3D artist to  a senior in a matter of 2 years. When I decided to start day trading to supplement  my income. I paper traded, tested out strategies,   and yes blew up a few $2-3K trading accounts. But  I took those losses as market tuition to learn. While 90% of all traders looked for shortcuts to  get rich quick in trading, like the the alerts,   the signals and secret easy strategies… I did  the things no one wants to do, I journaled,   observed the market and not liking any  buttons, I saved and analyzed charts,   and repeated the same trade  planning process day in and day out. And when I finally decided it’s time to quit my  job in VFX to day trade full time. I didn’t just   quit cold turkey. I worked hard at both hustles  and saved up, and prepared for the big transition. The story of why I quit my career to day trade…  probably needs a video of its own. Because just   like immigrating to North America, it was  never as simple as it seems. Comment down   below if you want to see a video from me talking  about how I quit my job to trade full time. It’s never been about just making money,  sure the money is great don’t get me wrong,   but it's a result of years of hard work, and  having a purpose and motivation greater than   just being able to afford the latest iphones,  gucci's or buying myself a lamborghini. I wanted a better life for my  parents. I want them to know.   Their greatest investment of their  lives, which is me, is paying off. Well my mom still wants to shop at the clearance  section and save all the cans and bottles. And   the car my dad allowed me get him in  TW is still a Toyota Corolla 2021. This is the reason I work so hard. This is how  I got through tough jobs in VFX, and in trading   Especially through all the  struggles, and all the losses,   both emotionally and financially while  transitioning to day trading full time. Looking back now, I wouldn’t have  changed my upbringing in Vancouver   any other way. I am so thankful for all  the experiences and all the hardship,   and so grateful to have parents who are strong  and taught us true values of money and hard work. There’s this saying I read somewhere in  Taiwan. Thatt really resonated with me:  沒有傘撐的孩子 在雨中才跑得快 It’s the kids with no umbrellas, who  will run the fastest in the rain. While I can not say I grew up with no umbrellas,   because I am so lucky to have two  strong parents showing me the way,   I can definitely say for certain that they  taught me how to run fast in the rain. So if you’re going through  some tough times right now,   whether it’s day trading or your career, or that  you’re going through some financial struggles,   hopefully my story shows you what perseverance  and hardwork can lead to down the road. Nothing worthwhile ever comes easy. The easy thing  to do is always just complain and sulk. But if   you put in the work and put your mind to it,  many years later you’d be so glad you did. If you guys want to hear more stories about  how I quit my job to day trade full time.   Make sure to let me know in the comments  section below. And if you want to read more   about my day trading journey you can check  out my website at www.humbledtrader.com This has been a very emotional and introspective   video to make for me personally. So hopefully  you enjoyed learning about my journey. If you   did please remember to drop a like and subscribe  if you want so see more in the future. Thank you   guys for watching as always. I’m the humbled  trader, and I will see you guys next time.
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Channel: Humbled Trader
Views: 177,549
Rating: undefined out of 5
Keywords: ricky gutierrez, warrior trading, beginner day trading strategies, day trading for beginners 2022, how to start day trading in 2022, how to learn day trading as a beginner 2022, best day trading strategies for beginners, AMC stock, Wall street bets stocks, $AMC stock, AMC short squeeze, is AMC stock a buy?, will AMC stock short squeeze, is it time to buy AMC, Stock market crash 2022, stock market sell off, Taiwanese Canadian immigrant, broke immigrant to millionaire day trader
Id: cklXRh_-adI
Channel Id: undefined
Length: 14min 23sec (863 seconds)
Published: Wed Oct 06 2021
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