5 insights from a retail trader who claims he parlayed $600 into $100,000"

[lawrence-lugar]

"5 insights from a retail trader who claims he parlayed $600 into $100,000"
MarketWatch, March 14, 2017

http://www.marketwatch.com/story/5-...claims-he-parlayed-600-into-100000-2017-03-14


Doing that in three years ain't bad, but I wouldn't think of it necessarily as spectacular or miraculous.
Compounding is an atom bomb...that's when you can really breakaway,

 

[Nereto]

"5 insights from a retail trader who claims he parlayed $600 into $100,000"
MarketWatch, March 14, 2017

http://www.marketwatch.com/story/5-...claims-he-parlayed-600-into-100000-2017-03-14


Doing that in three years ain't bad, but I wouldn't think of it necessarily as spectacular or miraculous.
Compounding is an atom bomb...that's when you can really breakaway,

If turning $600 into $100,000 is not spectacular or miraculous to you, maybe you could post an example of the kind of returns you're getting?

I read your posts and you come off as some "all knowing thrifty billionaire guru day trader". How about you back some of it up by posting some concrete stats? Have you even posted any proof of your claims? Like ever?

You talk a lot.

 

[oversea]

This article irked me a bit...or really the title to be more specific.
Marketwatch is a publication of Dow Jones - so these are supposed to be professional news/reporting organizations.... so why does the title of the article include the words '...trader who claims...'?? claims??

Either the reporter/editor should have done even some minimal verification for this 'piece', therefore not relying on someone's 'claims'. Or it should not have been published. No??

 

[Clubber Lang]

This article irked me a bit...or really the title to be more specific.
Marketwatch is a publication of Dow Jones - so these are supposed to be professional news/reporting organizations.... so why does the title of the article include the words '...trader who claims...'?? claims??

Either the reporter/editor should have done even some minimal verification for this 'piece', therefore not relying on someone's 'claims'. Or it should not have been published. No??

If the last 8 years taught us anything, it's that journalism is dead.
All that matters is content now. Doesn't have to be thorough or even true.
Just print something.

 

[Simples]

If the last 8 years taught us anything, it's that journalism is dead.
All that matters is content now. Doesn't have to be thorough or even true.
Just print something.

We get what we pay for, as a society, not as individuals necessarily.

 

[lawrence-lugar]

This article irked me a bit
so why does the title of the article include the words '...trader who claims...'?? claims??

Either the reporter/editor should have done even some minimal verification for this 'piece', therefore not relying on someone's 'claims'.
Or it should not have been published. No??

That same MarketWatch writer, Shawn Langlois, is the same person who covered that Wolf mask apple options fake guy.

He likes the Reddit community of traders and other crazy success trading stories
As for verifying the validity of stories, that apparently comes second to him...he's just interested in getting cool, sexy trading stories out there fast.

 

[Gotcha]

Notice that he blew up a couple of accounts. He doesn't mention how much they were, but just that he started with $600 for his third try.

Also, he mentions having mentors. (although he says he learned lots from guys on twitter, so not sure if he means in addition to mentors, or if twitter guys were his mentors)

 

[pengwu550]

maybe the picture has been fake,artificial...it can be change by software.

 

[Dustin]

I'm pretty sure the PnL's he posts on his twitter are real, but either way it's not that impressive. His strategy is just shorting momo penny stocks. Guys like this are a dime a dozen, and usually get blown out at some point. Halt and gap risk is huge in this type of trading.

 

[Pekelo]

Notice that he blew up a couple of accounts. He doesn't mention how much they were, but just that he started with $600 for his third try.

According to the chart, he was up 12K and lost it back to zero. But that looks like playing with the casino's money.

--------------------------------

I can summarize his 5 points in 2:

1. Make profitable trades only.
2. Don't make unprofitable trades.