i disagree...stock market is a funny sector. unlike a job, you can work hard all you want...you can still fail due to various reasons.
Day trading is for suckers?
- Thread starter qlai
- Start date
i disagree...stock market is a funny sector. unlike a job, you can work hard all you want...you can still fail due to various reasons.
And when you want to talk crap about your boss, you just talk to yourself in the mirror. Not very healthy.
It’s not true, don’t believe that, that kind of profit is not possible in such a short time
Why not? What does time have to do with it?
Interesting you mention Timmay Sykes. I spent many weeks back testing his "patterns" using Quantconnect and they looked to be absolute nonsense. Everything he recommended lead downhill at 45 degrees. I am baffled.
Baffled???
Pump and sell. Pump and sell.
This still happens today which is quite surprising people still play this game.
This Madaz guy doesn't really stand out to me as being a fraud. I've learned a thing or two from his vids. Ricky on the other hand gives me red flags right on the spot. He just spouts nonsense all the time with intent to fool the newb traders into thinking he knows what he's doing. Never offers anything of real value. Now that's the definition of a true snake oil salesman!
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I think he's legit. I've been in his room for a couple of months. I've seen him call out trades in real-time.
The reason I stop subscribing to his service is because I'm more of a large cap trader. He trades small caps/low floats most of the time. Also, I've seen him short front side too many times. Maybe it works well on these types of stocks. But for me that's too scary. I don't want to get run over or a stock get halted and it gaps up 100% or whatever. I've seen him take some crazy losses. After that, I feel like it's not for me. I've learned a few things. Useful actually. Also, he's a gamer type so he's much faster on the keyboard than me. He swipes the routes and get shares faster than most people. He's legit.
While he makes good money, he's also down a lot. I've seen him down -$25K to -$40K in a short time too. He's not perfect. But he makes good money.
These scalper/daytraders who honed their skills and aggressive can put up numbers like that easily. I've seen it done.
I have tighter risk management and position sizing. But if I was trading prop or OTM, sure if I swing 30K-100K shares a clip then I can put up those kinds of numbers too. No problem.
He's good but there are guys who pull down 6 figures a day! They just swing bigger sizes. Nothing magical. Good prop trader with tons of buying power bang out six figure days regularly. Not every day but on good volatility days. Sure, no problem.
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