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imho given he is trading manually his success depends on his ability to handle instances where the mean reverting behavior he seems to be counting on breaks down. you don’t want a nasty mean reversion break down wiping out a big chunk of your winnings. you need an iron clad risk mitigation...

you never, ever, go on a trading site and proclaim that trading is a pipe dream people will flip their shit :D

yeah that sounds about right last guy i know who went on to work at jane st didn’t even seem that interested in trading. he was a young kid, sharp, math background, great coding etc but i’m sure if you have years of experience trading for big oil or maybe ADM or Cargill they would love to...

these top shops are interested in maintaining and expanding their moat which comes from technology, IP, code etc etc an old school charts and intuition gunslinger adds nothing to their moat

i mean it’s possible he has made money trading over the years but nobody except him and his accountant know that he uses short profitable runs to make videos. his long term pnl is unknown

madaz and others like him are not in the business of trading any more than 'funded trader' shops are in the business of funding traders. he needs to trade to make marketing content to attract potential customers who will buy his educational services / chat rooms etc etc 'funded trader' shops...

right but OP stated that he’s using 1-2mm in buying power intraday. for someone starting out with no money that would make sense but if OP is making 700K he can get that in a reg t account. not sure about zero risk if he can lose the ‘risk bank’ whatever that is

first, let me congratulate you on your success second, what is a risk bank and how is that different from a capital infusion? third, if you are money good why hand over half of your profits to your bosses? why not trade your own PA. 1-2MM in intraday buying power is not that much.

it’s possible but unless you can browse his tax filings there’s no way to know how much money he made or lost trading but he’s doing just fine with his subscription business and plugging third rate brokerage services and trading platforms

most people are attracted to day trading because they are grossly undercapitalized when you are undercapitalized you have to go for knockouts to make it worth your while when you go for knockouts you open yourself up to be knocked out and so most get knocked out eventually

yes / no? discuss

i guess it depends on what you would consider a successful prediction in this context i smell what you’re cooking in the second part of your reply :thumbsup:

ranging or trending are terms used to describe past price behavior. replace ‘is ranging or trending’ with ‘was ranging or trending’. detecting whether market was trending or ranging is easy predicting whether it will continue to trend or range is hard betting successfully based on your...

aren’t options always quoted per one underlying unit? here underlying is the same index hence the same price. they have different multipliers bc of the two different futures contracts involved. plain index options on the same underlying index with different multipliers would be quoted at the...

money, what else? :sneaky:

what regulation? if you’re trading in a production account exclusively you don’t put that language in. it’s a legal cya maneuver in case they get sued for showing a mickey mouse account.

afaik Ross never stated that he's 100% kosher. on the contrary, his website states: 'results may be based on simulated or hypothetical performance'

my only point was that once you disclose that ‘it’s for entertainment purposes only’ and that you are ‘not obligated to state whether it’s real or sim’ any fraud allegations are off the table etrade’s Yacht Life commercial can also be deceiving to some... i’m not making a moral judgment here

there’s no fraud - read the disclosures ‘live trading’ does not equal trading in a production account you can be trading live in a demo account