Video Transcript: Is Humbled Trader Profitable.
Okay, I’m gonna see if I can find when Humbled Trader posts her P&L. Like I said before, this particular video here was done in February 2021, and she showed her P&L. So I’m just wondering if she does it on a consistent basis or whether she just only shows it when it’s more convenient.
So I’m going to go to videos. See here’s “How Much Do I Make Day Trading 2021”. This one right here is probably a good indication of her showing her P&L. Let’s take a look here. Okay, she’s talking about her first trading account, so she has multiple trading accounts; that’s an interesting takeaway.
Shay (Humbled Day Trader):
“This is not my main day trading account anymore. In fact, this is the smallest trading account in terms of my trading… category 2021, total realize is $14,598, but after fees, and these are locate fees, so the net would be $12,588 dollars and 30 cents for this account. Okay now let’s move on to the second account.”
Karl Domm:
Okay, so that was for the month of January 2021, but this video came out on March 31st. Okay, I’m just trying to gather my thoughts here.
Shay (Humbled Day Trader):
“The month of January 2021, if you scroll down, so here over here you’ll be the opening balance of $134,545. And the closing balance of $130,545. I wired out some money in the middle of January 202. So, if you start scrolling with me you’ll see that–you know–all the buy and sell transactions (buying, shorting, covering transactions) on the month is $130,545. So if you take the closing balance of the account at the end of January and add the $50,000 wired out and subtract the starting balance of $134,555, they’ll give you a total net profit of $45,993.94 on this account. So the total January net profit comes to $58,582.24 fifty eight thousand for the two trading accounts.”
Karl Domm:
One thing that would be really interesting is to see or how much she drew down or how much the volatility was in the account. That would be interesting to see but I don’t think she’s going to show that.
Shay (Humbled Trader):
“I’m going over to my center point account for February. If you go to statement, almost at the bottom; we’re so close. You can see there’s no…”
Karl Domm:
So she’s just proving that no money put in or no money taken out, but I’d like to see the volatility of the account.
Shay (Humbled Trader):
“No deposits and no wire outs. And you can see the closing balance is $226,444. So for this trading account, my main brokerage account, that gives us a total of $95,898.62 profit. In the beginning of february it’s also…”
Karl Domm:
So with those kind of profits she’s obviously taking some risk, and there’s going to be some drawdowns doing that Now it’s hard for me to tell if this is 100% accurate, but I’m just going to take her at her word that this is all correct. But when you’re trading making a hundred thousand dollars in a month–you know– it’s obviously possible to lose a hundred-thousand dollars in a month. So you got to take that into account.
Shay (Humbled Trader):
“When I opened a third trading account at interactive brokers, specifically for the purpose of going long on the Wall Street Bets stocks, such as GameStop and AMC, and many many others both for day trading as well as swing trading on the long side. So you can see in February that’s when I made a deposit to fund the account in February 5th, and let’s see the net asset value on the account closing at the end of February is $352,991.54 so that’s a profit of–somebody doing math for me–a little bit over $50,000. So for February 2021, that brings us to a total profit of around $146,000. I don’t have the official broker statements for March so far, because they don’t come out until like early April and it’s only at the end of…”
Karl Domm:
So I’ll see if she has her March statements available; that’s part of this research here. But I didn’t see anything for March for her statements. Remember we started here. So this is the video we just watched, so after this there’s nothing here. There’s nothing here showing what happened to her in March or April and now we’re almost at the end of May. So we’re missing well two months for sure. We’re missing two months and the third month is coming up. So we’re pretty much at a three month mark where she hasn’t showed her P&L. Let me see if we can find anything before. She was talking about 2021, right? But how did she do in 2020? So I’m going to go through these videos and see if I can find anything and see how she did in 2020 and maybe 2019 or 2018. Just something in here about her losses, but–you know–let’s see if she shows her account here.
Shay (Humbled Trader):
“You can see on Wednesday, the last time I made the recap video, I had a red day. I lost $2,700 that’s–you know–that’s pretty, a pretty, manageable size for me. About my green days, they are usually a lot bigger than that.”
Karl Domm:
Okay, so she’s not showing any losses without showing more gains and losses; that’s interesting. And I don’t see anything in here where she shows her statement. Maybe there’s something in here how much day traders make.
Shay (Humbled Trader):
“…really make money day trading and very rarely any losses. All of these seems extremely surreal, maybe sometimes…”
Karl Domm:
So I’m all the way back to August 2020 and I don’t see any P&L. Let’s see what’s this.
Shay (Humbled Trader):
“…overly glorified but risky at the same time. And that’s why people with their newly received stimulus check…”
Karl Domm:
Yeah I don’t see her showing her P&L in this video. So we’re back to August. Okay so I got to the bottom here two years ago, that’s our last video that I have. And I only see her showing her P&L just for the month of January and February of 2021. If there’s other videos in here where she shows her P&L and and you know about it–you know–please send me the link; but I don’t see any. Now what that means to me is it’s kind of the ‘shiny penny syndrome’–you know–(I have a video on that, I’ll link it in the description) where they show their–people show their P&L whenever they make money, but they don’t show when they lose. Obviously, I would think that if she made money, of course I’m going to make this assumption, that if she was a profitable trader she would show her P&L just like she did in January and February of 2021.
I’m not sure where March of 2021 went and April obviously that’s not there, and there’s nothing there from 2020 or 2019 unless I missed it and there’s a video out there I don’t know about. Please let me see it, please send me the link if I missed it. But showing your P&L on a temporary basis does not mean that you show your P&L. That’s a–there’s a lot of temporary P&L instructors out there on Youtube, but they’re not consistently showing their P&L. They only show it when it’s convenient and it looks like that’s what happened here; but again, I could be wrong. If anybody knows about when she showed her P&L, please share that video with me.
One final point I want to make is that her main video on her webpage, this one here, this is her featured video. It is the only video that I could find where she does show her P&L. So obviously she understands the concept of showing P&L provides credibility and so she made it her featured video. Even she knows it’s important to show your P&L.
If you’re interested in my free options proprietary trading course, I left a link in the description below. And you can sign up for the course there. And hey, don’t forget to hit that like button on the way out. Thanks.
LINKS MENTIONED:
Link to my FREE Proprietary Course: https://real-pl.com/landing-page-1/
Link to Shiny Penny Video:https://www.youtube.com/watch?v=yKvoZKyEMHk&t=0s
