Submind YouTube summaries
Thumbnail for He Lost $50K Trading Then Did THIS to Make It Back

He Lost $50K Trading Then Did THIS to Make It Back

Watch on YouTube

Video summary

Andrew's journey with X-Trades began unexpectedly when a friend at his house excitedly claimed to have just made seven hundred dollars on the platform, which Andrew initially mistook for streaming Netflix. Intrigued by this rapid success and seeing the complex charts and Discord activity on his friend's computer, Andrew decided to dive in without hesitation. He spent countless nights studying Bitcoin markets and practicing charting techniques while copying trades from experienced analysts within the group. Over a period of roughly two years dedicated to learning and using these alerts, he accumulated nearly fifty thousand dollars in profits before eventually transitioning to trading independently on his own terms. Despite early success, Andrew's path was not without significant setbacks; after gaining confidence and moving away from copy-trading, he started losing money rapidly until he lost almost everything he had earned. This rock bottom moment became a turning point where he sought guidance from the platform owner, Kevin, who recommended Mark Douglas' trading psychology book to help him reprogram his mindset. Andrew realized that many traders fail because they try to go "all in" out of impatience or revenge after losses, whereas true success requires patience and consistent risk management. By listening to this audiobook repeatedly while driving or working, he learned that profitable trading is a skill built over time rather than an overnight windfall, allowing him to rebuild his capital with discipline instead of emotional reactions like revenge trading on assets such as Amazon. The core advice Andrew offers to new members joining X-Trades emphasizes the importance of observation and strategic selection before committing significant funds. He suggests that newcomers should sit back and watch which analysts' schedules align best with their own availability, ensuring they can monitor trades in real-time without missing critical entries or exits due to external factors like hospital appointments. This approach fosters a deeper understanding of why certain strategies work while others fail, allowing traders to learn from the mistakes of professionals rather than blindly following every signal. By maintaining consistency and avoiding the temptation to double down after losses, new traders can develop the clarity that comes from trading alongside experts who have already navigated similar pitfalls. Ultimately, Andrew's story illustrates a powerful cycle where failure serves as essential education for future success. Having failed repeatedly himself, he now stands as an experienced analyst helping others avoid common traps like over-leveraging and emotional decision-making. His transformation from someone who lost everything to one of the platform's contributors highlights how humility and continuous learning can turn adversity into opportunity. Today, Andrew remains active in the community not just for personal gain but with a genuine desire to mentor new traders, proving that even after hitting rock bottom, it is possible to rebuild wealth through patience, study, and the right psychological framework provided by experienced mentors within the group.
Read the full video transcript
went over to my buddy's house. We were just hanging out and out of nowhere, he just starts screaming, "Bro, I just made $700." And I'm just like, you know, what are you talking about? I go over to his computer desk and he's like, "Oh, I just made over 700 on Netflix." And my first big win was, you know, 1,100 bucks. And [music] towards the remaining of the time when I was using the alerts, I made almost 50k. [music] >> What would be that one piece of advice that you would give to people who just joined X-Trades? I guess the one thing I would say is >> Andrew, how are you doing? >> Good, man. Good. >> So, Andrew joined in 2019. He has made quite a bit of wins and his discord username is chartmaster and today I'm having him on since he has been giving so much information to the new traders inside X-rays and he himself has been using this product for quite a bit of time and has made quite a bit of money. So, that's why I invited him today. How much have you made with X-Trades since you joined? When I first started, I joined about 2019 as you said and my first big win was, you know, 1,100 bucks and towards the remaining of the time when I was using the alerts, I made almost 50k. Then I started to trade on my own after that. >> That's good. Yeah. What was the monthly span that you made that money? >> That was >> Or was it in like one month? >> No, no, that was over time. That was like two years worth of time and learning. >> But still, you you made your membership back. >> Oh, yeah. And then some. Yeah, plenty more. >> Yeah. How did you How did you hear about X-rays? >> I went over to my buddy's house and we were just hanging out and out of nowhere, he just starts screaming, "Bro, I just made $700." And I'm just like, you know, what are you talking about? I go over to his computer desk and he's like, "Oh, I just made over $700 on Netflix." I had no idea what he was talking about, how you make money on Netflix, cuz I thought it was a TV show and all that stuff, you know? >> Yeah. >> And he's like, "No, just show me his computer." And he had all this stuff going on. I didn't even know what I was looking at, Discord and all the charts and stuff. And he did he just went in again, made another $700 just like that in like 2 minutes. So I was I went home after that and I just started learning. >> Started learning about everything and then eventually you found out about uh Xrades. >> Yeah, cuz that's where he was in. He was in the group. >> Oh, he was inside the group. Oh, that's cool. Is he still Is he still inside? >> No, no, he likes to gamble on uh >> Oh, he's like Okay. Yeah. >> Yeah. Once you also first joined, you were mostly copy trading. Is that right? >> That's all I did. >> Yeah. When you started trading yourself, what was the time period until you actually became profitable? >> After those 2 years when I was learning with X-Trades, I went after my own and then I started to lose a lot of money. I pretty much lost everything. And then after that, I went back into the group and I just started to study more. And I asked Kevin, the owner of X-Trades, what I could do to help my psychology. And he sent me uh Mark Douglas trading in his own. And that's kind of when I started clicking everything in my head after the 2 years. And that's when everything started to go better after I lost all my money pretty much. >> It's such a nice story if you listen to it this way. Like there's a lot of people who lost it all like they made it big then they lost it all fully and then they like they like humbled themselves and they realized like oh I have to learn a lot now like I have to study I have to lock in and then from from that point from the rock bottom like that's where you gain these skills and you make even more than you got in the first place. >> Yeah. Exactly. >> Yeah. There's quite a bit of su success stories like that. So, you talked about how the book that Kevin shared with you, how has that impacted >> Oh, man. I tell everybody to either read or to listen to it and how it helped me was I would just wake up, put it in my AirPods or whatever I'm doing. If I'm driving somewhere, I would just always listen to that and it just helped me build, I guess, patience is the best thing to say. And to know that it's not going to happen overnight, even though it does for some people. So, you literally had to reprogram your mind into believing what the book was saying. >> Yeah. Cuz the way some people are brought up with money is kind of different than other people. You might win and think it's easy and you keep doing that over and over and over until you just stop winning again and you think you can't do it and you think it's bad luck or something. So, you just keep learning and learning and keep teaching yourself that all these other people are doing it so you can do it. For example, uh running back to your uh friend who was in X-rays, were you like hesitant at all into like looking into X-rays or how was it for you? No, no hesitation just jumping straight >> thinking about it now. I should have been hesitation, [clears throat] but no, I wasn't cuz I I wanted to learn about it cuz he just made money that fast. That's something I wanted to >> You so you fully trusted X-rays because your body was winning. >> Yeah. Yeah, pretty much. >> Yeah. Okay. >> One other friend showed him then he showed me. So the other guy I trusted >> Oh, so yeah. Yeah. So it was like chain reaction until it got to you. >> Yep. Yep. And now they don't even use it anymore. I'm the one that's still in there. I'm like helping everybody around. >> So how much time did you put in early on when you were like copying the trades? Like did you have like also a job during that time or you were like fully like studying? >> No, I wasn't working. Um what I did was I just stayed up all night. I practice on Bitcoin, charting Bitcoin, and telling myself, "All right, it's going to do this, and if it doesn't do that, then it's going to do this." And if I was wrong, then I'd go back, look at why I was wrong, and just lots of back and forth, staying up all night. Lots of time. Lots of time. >> What would be that one piece of advice that you would give to people who just joined X-Trades, they just clearly don't know where to start? Like you mentioned, you were following trades and you were copying the trades, but also like you wanted to start learning about trading itself. you just you didn't want to just follow somebody all the time. >> I guess the one thing I would say is sit back and watch. Don't just jump right in. Some might tell you to do that, but that's not what you should do. Sit back and watch and see who fits your schedule. Meaning, who posts trades when you're able to watch. When you know that you're going to be sitting down and you have time, monitor who's sitting down at the same time as you, posting trades or charts like that. That way you can interact with them and that way you can get in and out with them at the same time hopefully cuz they might not always you know some maybe they have to go to the hospital or something and they can't be on a computer or their phone. So that way you'll know what they're planning to do. So and another thing is um just don't go all in. >> Just saying about going all in. There's quite a bit of people thinking like, "Oh, X-Trades is this magical thing like I'll triple quadruple my money if I just put all everything that I own in and then they they are the ones that are losing the most because they are impatient and they're willing to risk risk so much, but that's not the right decision. So, when you lost those $50,000 that you gained with X trades, >> I lost more than that, but yeah, >> lost more than that. So you you had that moment where you were like revenge trading. >> I probably did have a few revenge trades during that time. Yeah, actually I do remember one for sure. I do remember one revenge trade. It was on Amazon. >> Yeah. And there's like quite a bit of people who joined. They get like this one call from this analyst. They put in like 10% or like 5% or even less. They lose that. Then they put 20% and they are so angry emotions overtake. They put all of their money and then they lose because they were not patient. They could have put another 10% five. Keep trading with the 5%. Stay stay consistent. Learn more from the analysts. Take their trades. Learn why their trades worked and why they didn't. And also learning from their mistakes. And when you start trading, you'll have way more clarity because you traded with professionals. And that's why you're also one of the analysts right now. um you have failed so many times that you are now experienced enough to share your insights and data to people who are experienced and haven't failed enough. That's really beautiful. >> Thanks. Thanks. Yeah, I'm glad to be able to help out as well. You know, I didn't really have that much help, per se, but now that I can help, I want to be able to help. >> Amazing. Thanks, Andrew, for being on. It was a pleasure speaking with you. Of course, >> you've done quite a bit of time in X-Trades and you have contributed quite a lot for the members inside and we are all extremely thankful. >> Oh yeah, thank you. Thanks for having me on. It was fun. Um, see you.