How I make $5,293 a month Investing on the Stock Market

Hello and welcome back to another video

about the stock market and investing. If

you're not interested in the stock market

or investing, then I don't know why you

clicked on the video. But this video,

I'll be talking about how much money I

make every month on the stock market. So I

began investing around October last year,

but I don't include October because those

were my noob times when I didn't really

know what I was doing. I made some really

big mistakes, and it was just kind of like

a period of time where I was learning how

to trade. So I don't really count that. I

really count the beginning of November as

the beginning of my official stock market

trading career. And now it's the beginning

of February, so it's been about 3 months

since then. So what I like to do for this

calculation is, as you can see, I am up by

about £11,564.

So we divide that by 3 months.

We divide that by 3 months to work out our

monthly average earnings. And wow, I've

made £3,854

per month since I started my trading

career all the way back in November 2020.

It's now February 2021,

so obviously this monthly earnings average

will go up or down depending on if I make

more money from trades. If I don't make

any money this month from trades, then

obviously my monthly average earnings will

go down a bit. But then if I make money

the next month after that, then, you know,

that monthly average earnings will

increase. So my plan is, I'm going to wait

until November 2021. So it's going to be

exactly 1 year since I began starting

trading. And then once it's been 1 year,

I will divide my total gains by 12

to work out my monthly earnings average.

Now, it wasn't easy making this money. In

my early days of trading, I made a lot of

really stupid mistakes. One of my biggest

mistakes that I still regret to this day

is selling my Tesla shares when I bought

in at around $400. I bought £4,000

worth of Tesla and then stupidly I decided

to sell my Tesla shares when it reached

about $655 per share. Now it's over $800

per share and I could have doubled my

money if I carried on holding on to my

Tesla shares. But I didn't realize that

you're supposed to hold good companies and

not sell them. So this is how I made

nearly $16,000 in around

3 months from trading as a new So

first of all, I use an app called

Freetrade, which is a really, really good

trading app. Now there's many trading apps

out there, but my favorite is easily

Freetrade. And if you want to join

Freetrade, use my referral link and you'll

get a free share and I'll get a free

share. It's really, really great. So you

may be wondering, how does Daniel keep

finding such great stocks to trade and

sell? Is he some kind of financial genius?

Well, no, I'm not a financial genius. I

actually know pretty much nothing about

finance. Finance or business. If you're a

beginner to the stock market, I would

actually recommend that you do not try and

pick your own stocks because that's what I

tried doing when I started and it was just

a complete mess, complete failure. These

are the stocks I picked when I first

started all by myself. I decided to

go for FedEx and AMD and

Pinterest and I just completely picked

these randomly. Luckily Pinterest actually

went up and I made a couple hundred pounds

from Pinterest. AMD didn't do anything for

months so I got rid of it. And then FedEx

also didn't really do anything. So my

theory behind getting FedEx was, oh well,

it's nearly Christmas, they're gonna have

loads of deliveries for Christmas and

FedEx is gonna go up in price. Well, that

didn't really happen. It was really stupid

of me to think that's how it works in the

stock market. FedEx has barely moved since

last November, so that was a complete

rubbish pick of a stock. And after that,

I just decided that I'm not very good at

picking stocks for myself. And here's what

I do now. I go onto YouTube and I search

best stocks to buy now, and you'll get

hundreds and hundreds and hundreds of

videos from all of these different stock

YouTube channels. And just watch all of

them, or watch as many as you can. And if

5 or 6 or 7 of these YouTubers are saying

the same thing, are saying this stock is

really good because blah blah blah, then

the chances are that that stock's actually

really good. If 6 or 7 people are all

saying it's really good. There's so many

of these stock YouTubers out there, it can

be a little bit overwhelming if you're new

to it. So my favorite stock YouTubers are

Meet Kevin and Graham Stephan. Well, I

guess they're not really stock YouTubers,

they're more like financial YouTubers who

talk about money and ways to make money

and real estate and sometimes other things

in the news. But I only watch them for

their stock videos, and Meet Kevin is

probably my favorite one. He has a really,

really big channel, really large

following, great reputation, and I just

trust him when he talks about stocks and I

trust his recommendations. Now there's

lots of other channels I also watch who

are a bit smaller. Chris Sain and Stock Mo

are 2 good ones as well, and there's a

bunch of other really tiny ones which I

won't even really bother to mention. So

usually if one of these YouTubers who I

follow and watch recommends a stock to

buy, I would usually just buy the stock

without doing much research into it

because if they think it is good, then I

just kind of trust them and I just believe

them. But I don't buy every single thing

they recommend because I don't have that

much money. I just pick and choose out of

the stocks that they all recommend and I

do a bit of my own research. I'll just go

onto Google and I'll do, do some Googling

about the stock, see what they're saying

on Reddit or other discussion forums.

Once you've started getting into stocks

and investing, you'll realize that there's

an entire community all around trading and

the stock market and talking about

different kind of stocks. And these

communities can be found on subreddits

subreddits and Discords and different

YouTube channels. And you really need to

make yourself part of this community and

just keep on reading and finding out what

people are talking about. When it comes to

finding a good stock to place your money

into before it blows up, which is the most

important thing, you really want to be

there early. You want to be at the party

before it begins. And the best way to find

these stocks that are about to blow up or

are going to blow up in the short-term

future, you really need to be checking out

all of these different communities,

finding out what everyone's saying, It's

all about information. You need to start

soaking up information about stocks and

investing like some kind of sponge. You

just need to have videos about stocks just

playing in the background all day long,

which is what I'm pretty much doing these

days. Every day, all day long, I'm just

listening to videos about stocks. I'm

reading subreddits about stocks. I'm on

Discord servers about stocks. I'm just— my

whole brain is just completely 99% stock,

stock, stock, stock, stocks. So the more

you hear about a stock, the more confident

you'll feel about it and the more

comfortable you'll feel about just putting

thousands thousands of pounds into the

stock. For example, if I just said some

random stock name like SNDL that you've

never heard of, you'd be like, what the

hell's that? I'm not going to put

thousands of my money into SNDL. I don't

even know what it does, don't even know

what it is. But if you've been listening

to videos and you've heard loads of people

talking about it and you've soaked up

loads of information about it, you'll

learn that actually it's quite a good

stock to put money into. It could 10x,

100x by the end of this year or next year.

And putting £1,000 into it, you could turn

that £1,000 into £10,000 pounds at the end

of the year, and you'll feel confident and

comfortable about placing large amounts of

money on these stocks because they're not

just random stocks that you've never heard

of anymore. They're stocks that you've

been hearing everyone talk about on

YouTube and Discord and subreddits. Now,

you could go and do research on the

companies yourself, and you could check

the balance sheets and check to see how

much debt they have and how much capital

they have and see how their business is

expanding and growing. Or you could just

be lazy like me and watch a bunch of

YouTubers who have already done the

research, have already done their due

diligence or the DD. They've already done

this for you and they've just compiled it

into a video. And all you have to do is

just trust them and trust them because

they've got a good reputation. They've got

a good record of choosing good stocks.

And because it's in the best interests of

the stock YouTuber to be recommending and

picking good stocks, then that makes me

feel comfortable to trust them. I think

that they won't be just recommending

rubbish stocks that they haven't really

done much research on. Because it will

just harm their channel. It's going to

damage their credibility, their

reputation. They'll lose viewers. People

just stop watching them if they start

getting a reputation of, oh, that guy

picked a rubbish stock that lost me loads

of money. Don't watch him. He doesn't know

what he's talking about. So it's in the

best interests of these stock YouTubers to

actually do good research and to actually

recommend stocks out to people that they

believe will do well in the future. And

some of these YouTubers like Meet Kevin or

Financial Education, that's another good

one. I really trust that Jeremy guy. He

millionaire from trading on the stock

market. So I feel like I can feel safe and

assured that he knows what he's talking

about and he's experienced and he's

knowledgeable. You know, these stock

YouTubers make insane amounts of money on

YouTube. Everyone knows already that

YouTubers make huge amounts of money, but

these financial channels just take it to

another level. Some of these channels that

are around the same size as my channel,

they make like $40,000 in a month, and

that's just from having around 50 to 60K

views per video. I wasn't making anything

near that even when my channel was still

getting views. Back during my peak in 2018

when I was getting about, about 50,000 or

60,000 views per video, I think I was

making about $4,000 max, and that was at

my absolute highest peak. Now you see

these financial channels who were getting

around the same views I was getting back

in 2018, and they're making $20,000,

$30,000, $40,000 a month. They really have

it in their best interests to maintain a

good reputation, have credibility, and

keep people watching their channel and

having it grow and grow and grow.

Because, you know, just like me and

everyone else, obsessed with making huge

amounts of money so they can just put it

back into the stock market and then make

even more and more money. So yeah, I do

trust these stock YouTubers. I feel like,

I feel like it would be a really stupid

thing to do to just recommend a bunch of

rubbish stocks that you haven't really

done much research on, that you think,

you know, you're just kind of winging it

because you're just going to damage your

channel. People are going to stop watching

and then you'll make less money. So yeah,

that's why I have so much faith and I have

so much trust in some of these big

YouTubers like Meet Kevin, Graham Stephan,

and Financial Education. I think they're

great guys and they know what they're

talking about and they don't seem shady at

all. Now obviously there's going to be

tons and tons of very, very small channels

just with maybe 1,000 subs or 2,000 or

5,000 subs. And yeah, those guys, they

haven't really proven themselves yet. So I

don't really take everything they say 100%

seriously. I have to be a bit, a bit

suspicious that they could be shady,

scammy kind of people, or they don't know

what they're talking about, or they're

just trying to catch on, trying to jump

onto the whole stocks financial channel

YouTube bandwagon. So yeah, in conclusion,

how I made so much money on the stock

market so far wasn't because I'm some kind

of genius or because I know what I'm

doing. It's basically just because I watch

a lot of YouTube videos about stocks and

the stock market, and I'm constantly

reading posts on subreddits and articles

on different financial blogs, and I'm part

of different Discord servers where they

all talk about stocks. And the more you

talk about stocks, the more you listen to

things about stocks, and you learn about

great stocks, the better you'll be at

picking good stocks. So that's all I had

to say about how I make money on the stock

market. Maybe next video I'll do a

portfolio reveal and then show you which

stocks I currently have.