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I've made money shorting NQ twice so far. But people are so conditioned to BTFD! it's rallying now i'm glad i covered my shorts for a profit else i would have given back all of my profits and some. But the big crash could still be lurking out there somewhere. Not sure when. Probably when the...

This whole time from reading Market Wizards, I thought Marty was just trading futures. He said he wanted to earn infinity as an argument against program trading trying to earn 50 bps above Treasuries. But this YouTube interview totally shattered my conception of Marty! He has been a premium...

@destriero Great. Looking forward to reading your journal. BTW, I also trade in my IRA. But I don't withdraw due to tax penalties. Why do you withdraw from IRA account? Can't you just withdraw winnings from your taxable account. The penalty is as higha s 40% for early withdrawal?

I have never bought anything from these stock gurus. And never will. Just trying to make sense of these claims. Trying to be open-minded and fair here...

What you are saying is very disconcerting! However, he did say he has 3 separate accounts. I will give him the benefits of the doubt that the discrepancies is from different accounts. Having said that, I would like to see a good audit of ALL 3 accounts before I take him seriously and not a fraud.

Yeah. I haven't traded GC in months. I have indirect exposure through gold stocks, which has done well. Thanks for asking.

Yep. He even stated outright in one of his videos that his strategy has capacity issues. There's no way he can make $10M. Maybe make $1M or $2M max he said. Given the small capacity of his edge, why shouldn't he capitalize on it and sell the dream to subscribers? That's just being a good...

Have you watched his videos? He basically short scammy penny stocks. He's shorting scam stocks. Not pumping them. That would be Tim Sykes.

Dan Zanger took $11K to $18M. I know these people are one in a million. But that doesn't mean they are fake.

So, he makes less than $900K from trading. But his website probably pulls in 7 figures. Why not? The website is a stable income stream whereas his stock trading is volatile income stream. I have a job and I trade too. My job is a stable source of income just like his website is a stable source...

what does this prove? He has a website that he sells his trading services. Big deal. I'm not a subscriber and my trading style is totally different than his. But I have yet to see solid evidence that he's a fake.

Maybe. But I have Tradezero account and I obviously don't make the money he makes. But his screen looks exactly like my Tradezero account except his P&L is much much larger. LOL. So I don't know how he would fake it.

what makes you think it's not a legit statement? I'm just curious.

this guy is amazing!

here we go again. People calling tops. I hope you didn't go short and lose even more money... It will top one day. We just don't know when that day is...

I swear they hold my options orders for minutes before filling me even though I hit the bid. Happens more frequently than before. Disgusting. I have an entire thread on that.

Sure. With hindsight. Depending where you are in your lifecycle, being a 100% in equities probably riskier for people already deep in their retirement. But OK for millenials. Just common sense.

https://www.marketwatch.com/story/im-100-in-equitiesyoure-never-going-to-make-enough-money-if-you-have-40-of-your-money-in-bonds-says-cnbcs-becky-quick-2019-12-19?mod=home-page Like I've said before, I'm don't like to call tops. But everywhere in the media people are saying it's too easy to...

I don't think theses supertraders are necessarily fake. So, even if they make $1M/yr in trading(which is possible for the top 1%), after taxes maybe it's $500K. Then they got mortgages, private schools, nice vacations, etc. or whatever lifestyle they have become accustomed to. And if they live...