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Why do you think turning 30k to 5 mil in 5 years is impossible. Didn't Jesse Livermore turned nothing to A billion inflation adjusted? That was also when it wasn't as liquid as now.

Institutions also buy when it's low.. To me trading is like a game of rock paper scissors You can buy more when an index has fallen sharply. Sometimes you play trend following, sometimes contrarian, other times you do nothing. Trading is like a game of rock paper scissors.

I trend follow too. But it plays on your psyche because it's winning percentage is so low like 30% at times. Sometimes dca (maybe selectively) plus selling on a parabolic high volume breakout seems better. Richard Dennis was also a trend follower, he made big money and loss a large portion of...

That's why poor people stay poor. The richest don't break a sweat. Look at the buyer for the Salvator Mundi at 450 million USD. He is not worried about the price tomorrow or a few days away from now.

It is not that I want something for nothi Most people think like you and romanticise the idea of being a multi millionaire trader clicking on a few buttons a day, sipping champagne and driving in their posh cars in the cities during the day and making it rain in the club at night. But the...

Nah, there is no algo to win the lottery. That guy is just simply lucky. But occasionally you have odds in your favor when the jackpot rolls over to a very large amount. There are syndicates who buy up large amt of tickets when that happens. Also you should buy different numbers. E.g don't buy...

DCA an index. Not a single stock of course.

That guy isn't a gambler. His an advantage player like how people make millions from poker or stocks.

The thing is rare unicorns do exist. But the general populace who can't make it will deny that such feats are possible. I myself had seen someone who is a top real estate agent CONSISTENTLY closing verified sales of average close to 100k a month when most agents could go for months without sale...

It's not the best strategy in terms of returns but per penny per second of your time it's probably the best rather than than stressing out every day to beat the other day traders. Someone has to be on the losing end of day trading. The crashes don't matter if they are persistent in their dca...

This style is very stressful not to mention he could be lucky..Didn't he turn $583 to $300k+ within a year? A little hard to believe though.

From what I know his method is mostly shorting penny stocks that run up 200% or more and he will start to short them on the first red candle after a reversal wick candle...

Not really. Dca through the Nasdaq anyone would have been a winner. Market has a long bias. When you try to do too much it becomes a 90/10 game where the best 10% takes 90% of the profits. Look at the super rich. They buy very expensive stuff without a sweat. Like the Winklevoss twins buying...

So why not DCA? I know trading has the sexy allure of making more returns than the index but anyone who has traded knows it's hair pulling stressful and then also 90% of those who attempt trading fail. So why don't more people just DCA? You don't have to look at the monitor everyday and it's...

I'm pretty sure that guy is a scam. There was a video circulating about him "teaching" candlesticks and he has no idea where is the open or the close. $1k to 1 million in 6 months is just not possible. It's like making a 6% plus returns compounded everyday without a single loss which isn't...

The best returns sustainable are 200%++ per year. How do I know this? BNF took 16k and traded it to 200 million in 10 years. Using CAGR forumula (200,000,000/16,000)^(1/10) = 2.56. Which means he made 256% each year compounded for 10 years. I have researched what the best traders make and its...

The endgame is very worth it. If 90% of people are losing money. It means that the 10% are making the 90% people's money. Which is actually a 90/10 rule that applies to almost everything in life. If you are very good in trading, the world is your oyster.

The time frame it takes to learn is different from everyone. On average I would say 2-3 years before an average trader becomes profitable if he is still in the game, it could just be marginally profitable but still profitable. Most quit after 1 losing year which is actually not surprising. You...

Even in range markets there are trends. The prices trend from support to resistance and vice versa on a shorter timeframe.

Buffet has billions. He has to be an investor, meaning buying stocks at all time lows preferably and wait it out. The smaller capital you have the more efficient it is to daytrade, while midsize is swing trading. You can't daytrade with billions. This guy is a certified idiot.