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If you read the whole thing, he said his method is shorting penny stocks that go parabolic. Its similar to Steven Dux.

He did say he struggled for 3 years.

There isn't any special sauce in trading. It's finding something that works, use proper risk management and have discipline and emotional control to go with it.

You have no idea the power of compounding. That's how people become filthy rich.

Camtheman should be camthescam

Then again most of the world is living in poverty. A billion is already god like levels of money. There isn't any change in lifestyle between someone with a trillion vs a billion.

I trade mostly lower to mid caps. I can sell on the same day or hold for several days it really depends on what happens. If you feel bored and want to try day trading you can use say $100 from your 3k account to day trade and the rest to swing. Compare and then conclude which is better yourself.

In day trading if you keep going in and out of the market like a blind chicken you will get toast. You will be prone to overtrading which is no.1 reason why most beginners lose money. It is also very time consuming unless you program a bot. Like for e.g, on paper you may say the 5 min chart...

Why do you think day trading have more returns? I trade crypto too and actually swing trading has higher returns. Jesse Livermore became a billionaire not from going in and out of the market daily, he explicitly said it was his sitting that made him money.

First of all he screens the group of applicant asking certain questions to find the batch with the most natural aptitude for trading. Then later, when he taught his methods of trading the ones who did not follow his rules were axed. Therefore he was not successful in his claim that ANYONE can...

My experience is also the same. Swing trading beats day trading in pure returns and is less time consuming and stressful. Only positive for day traders is that they can control the volatility of their portfolio and drawdowns are lesser, but returns aren't necessarily more.

Put in this way. Trading is like any other profession, but for some reason the average Joe who picks up a trading book and reads a few pages of it feels like he could take on the world and make millions. On the other hand you never hear of anyone picking up a book on "Surgical Practices" and...

I won't advise quitting a full-time job until anyone has a million in the trading account.

This guy gets it.

There are quite a few traders who made a billion largely through trading. But it gets to a point their money is too large to trade and they have to diversify to real estate or something else.

For comparison on performance vs the market you trade in, I would say whichever market you choose to trade it, get the best performing stock of that year and compare your gains against it. If you beat even the best performing stock, you are an elite level trader. E.g best performing stock in...

Since you said you trade 4x margin you can easily get rekt if you aren't sure of what you are doing and thoroughly backtest your strategy over long time. I more than doubled (2.4x) my account over a period of the last 35 days but its was a small account, margin I used was generally about...

You can do that on tradingview

The best way to know is to backtest your strategy The funny thing is that people don't take trading as serious as other professions. It you are going to be a brain surgeon you won't pick up a book on brain surgery , Read a few pages and immediately think you can operate on someone. It takes...

It is not risky. The winning percentage is high but profit margin is low. But if you don't know when to do it and aimlessly go in and out you will be victim to overtrading and commissions.