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But wait a minute? Why should I meet the margin call? Everything was sold and settled a long time ago. That margin call was intraday for maybe an hour at most. But when I liquidated everything then I should be good right? Why do they want me to still meet an ancient margin call which is no...

Hey ETers, I have 3 IB accounts, 1 TZ, 1 MerrillEdge, and 1 RH account. Also TOS. Anyhow, long story short, I wanted to consolidate and move money to my main account. I was doing well in MerrillEdge(ME) and consistently withdrew money from it to other accounts which has a REAL trading platform...

95% lose money becuase of poor risk management, oversizing position, and not have an edge. Or all 3! People put their entire account(or a large portion of it) into one position. When it goes against them they don't cut losses. That's the most common beginner mistakes. Also they don't have a...

Steven Dux seems legit on but what concerns me is that he never shows his big losses except the one time I saw on his statement where he was down $200K+ on the month. On the other hand, Madaz is legit. I've been in his chat room for a few months. I've seen him call out trades in real time. I've...

Check this out: On CHNR, he made realized gain of $43,898 and still holding 20K shares with $40K unrealized gain. That's just over 2.19pts on 20K shares. Checking the 1min chart, there are bars with 1.9M shares. So no problem with getting fill on 20K - 40K shares. On CTIB, he made $36576...

You should check out the liquidity nowadays on some of these small cap/penny stocks nowadays. Some of them trade 50m to 100M+ a day! The volume is just plain insane. So you can easily move 50K-100K shares trade over several minutes.

You wrote exactly what I've been trying to tell people on here. Thanks for the clear explanations!

Yes. I remember seeing a video of his PNL where he was down -$200K for one month! That was one data point only. And there are days where he's down -$25K to $-50K. But still ended up net positive for the month.

I think he's closer to $50K/month to the occasional $100K/month on the high side. Then only recently these last couple of weeks where he's making $100K/days. But that's definitely NOT his normal PNL.

He never said he CONSISTENTLY makes $100K/week. Just only recently did all these opportunities come to make $100K/week. But on average, he's closer to $50K-$100K a month which is quite doable. I think I might hit that goal in the next 12-18 months if not sooner. And I'm no Steve Dux.

He's simplifying his complex Chinese name for the American audience. I think he's real Chinese name is Steve Duxi. As you might know Xi is a common phonetic songs in Chinese names but almost unpronounceable by non-Chinese. So he shorten his name to appeal to a modern audience of non-Chinese...

That's where the thinking is totally wrong. He said his edge doesn't scale that high since it's really nichey. Low floats small caps and microcaps. That strategy can't scale to billions. But it's a clear inefficiencies in the small/microcap universe. Also he's a manual daytrader. Imaging hitting...

He doesn't make $100K/week trading EVERY single week. Only in these crazy volatile Fed pumped environment. Why not sell infoware to noobs and generate another mid six figure income stream? And as I wrote below he's NOT giving his secrets away. Just setups. Which is NOT a trading system. Risk...

It looks too smooth is a big concern for me too. This is where I get skeptical. But to be fair and objective the Y axis scale is in the millions which gives the illusion of smoothness. But if you look at his actual P&L statements there are days where he's down esaily -$25K to -$60K. And there...

I get what you are saying. But the analogy is not quite right. I would say his additional income stream is NOT the same as picking soda cans out of garbage bins but rather an additional six figure income. I have a job, consulting side biz, and trading. And trading is approaching my normal job...

Except he's NOT really giving away his trading secrets. I've traded for a while and still trade and make decent $(low 4 figures days). So I know how trading works. But if you watch his YouTube tutorials, it's great for noobs. Infoware. But I don't think it's sufficient to just take his course...

I understand your reasoning. But another way to look at it is diversification of income streams. There are weeks and month(s) where he's down over six figures. Multiple streams make total diversification sense. Think of it as a business. GS has i-banking, M&A, wealth management, and prop...

Wow. Then it's very impressive. This entire time I thought you traded prop/FO? No? Or perhaps you did?

Good for you. But don't you trade prop or a FO? He's just a retail trader. Started at 19 or whatever and came to the US with little English and picked up trading while going to college. At 25, he has made millions. So pretty impressive given his humble background. This in no way undercut your...

It's possible.