Day Trading to Multimillionairedom

[KCalhoun]

Im not denying that you are honest. And I don’t think it’s a badge of honor to hold yourself to those frauds, because you aren’t a fraud.

but you and I know that 690k of taxable day trading proceeds isn’t that much. That means that you bought a total of 690k of stock through the year.

I would have expected you to do that every day.

edit: I tried to PM you but you aren’t accepting PM’s

I understand your points; makes sense. Main thing is, unlike 99% of other trading educators, I do really trade, and what I teach is based on genuine experience.

That's all I promise, is authentic training based on real experience. No performance claims, no bs. But it's valuable for exactly that reason.

I'm puzzled as to why people trust educators with no 1099s or other proof they even trade. I'm even more puzzled as to why people believe the bs youtube videos with huge clickbait dollar win claims with zero tax return proof.

+ I trade small size, frequently
+ Lessons learned are what I teach/publish.
+ I'm authentic

Seriously if I made a big multimillion dollar fortune trading, why tf would I run a business.
Instead, I leverage by trading small, then teaching lessons learned from stops vs wins.

 

[virtusa]

Im not denying that you are honest. And I don’t think it’s a badge of honor to hold yourself to those frauds, because you aren’t a fraud.

but you and I know that 690k of taxable day trading proceeds isn’t that much. That means that you bought a total of 690k of stock through the year.

I would have expected you to do that every day.

edit: I tried to PM you but you aren’t accepting PM’s

Some people are good in building trading plans but cannot stand the heat of trading size.
That might be (part of) the explanation why Ken is teaching and only trading small size.
There are more people who are good in papertrading, but once they have to put money at risk they freeze or get emotional and block.

Years ago I blew up my account and was not able to trade anymore with real money because of the "trauma". It took time to build the confidence again and to control my own emotions. Some people never recover from such a "trauma".

 

[newwurldmn]

This is a straw man argument. I’m not comparing you to the frauds. But there is a big difference between a guy who claims to be earning 1mm/day, a guy who earns a decent living, and someone who is trading 40 shares.

I don’t see the point if you aren’t willing to eat your own dog food.

what are you customers looking to earn with the knowledge they are getting?

I understand your points; makes sense. Main thing is, unlike 99% of other trading educators, I do really trade, and what I teach is based on genuine experience.

That's all I promise, is authentic training based on real experience. No performance claims, no bs. But it's valuable for exactly that reason.

I'm puzzled as to why people trust educators with no 1099s or other proof they even trade. I'm even more puzzled as to why people believe the bs youtube videos with huge clickbait dollar win claims with zero tax return proof.

+ I trade small size, frequently
+ Lessons learned are what I teach/publish.
+ I'm authentic

Seriously if I made a big multimillion dollar fortune trading, why tf would I run a business.
Instead, I leverage by trading small, then teaching lessons learned from stops vs wins.

 

[KCalhoun]

This is a straw man argument. I’m not comparing you to the frauds. But there is a big difference between a guy who claims to be earning 1mm/day, a guy who earns a decent living, and someone who is trading 40 shares.

I don’t see the point if you aren’t willing to eat your own dog food.

what are you customers looking to earn with the knowledge they are getting?

I'll let them tell you, these are non paid candid testimonials from real traders at several of my seminars over the years:

Ultimately it's all about simply focusing on trying to help each other become better traders, over time.

 

[jn_trading]

I often see those statistics of people that lose money Vs successful traders.

1. You'll probably lose money before you make it. Just don't give up, use small money, and keep on growing.

2. Not everyone will be able to make it. Like, not everyone gets into MIT. Not everyone gets to be an astronaut. Not everyone gets to be president. But if you don't try you'll never know if you are part of the few who don't give up and are able to do it/make it.

3. It's very cringe when someone that can't do it makes a post like this. Sad to see.

 

[danielc1]

I believe you have two worlds. One where the people want to be fooled about how easy it is making money trading and they are drawn to all kind of BS.

And then you have real people that know it is a learnable skill although maybe not easy. They look for honest information about trading without all the bs.

It is never about how much someone makes. It is all about consistent profability and personal risk tollerance. If Ken shows his results and say I can teach you these kind of skills, it is up to you how much you will make with it.

I think he is a braver men then me. I would never ever disclose my trading income. Me making money has no influence on your bottom line. The argument of that you only can know if the trader that teach is good by the amount of money he makes is just plain stupid. If you can not tell good trading practice from bad, you should not be in this business. You can not think yet. You should first learn how to think before you get any education.

 

[NotKnown]

It is never about how much someone makes. It is all about consistent profability and personal risk tollerance. If Ken shows his results and say I can teach you these kind of skills, it is up to you how much you will make with it.

I agree. Trying to make a livable income from trading is very difficult and takes considerable time to get there. I was interested when the show girls arrived though but I digress... If someone can make something of what Ken shows/teaches then that is ok. If your intention is to make an income out of it, then I would suggest you need either a quite large bank or to understand the power of leverage. Whichever way, you need a deep understanding of what you are doing and the risks involved. For example, personally I have found no efficacy in the use of candles. They are right as much as wrong. People may disagree but I am yet to see a profitable system based on them. For day trading they are even less reliable as the time frame changes the candle type. Do not take what people tell you as gospel. Do your own research and be responsible for your own actions.

I also do not care about peoples P/L sheets. Just show me a couple of live trades (entry/possible target/exit/capital risk/instrument and reasons for all) and that will tell me if you know what you are doing.

 

[Dustin]

You have been around since 1999 on ET, so you have seen things.

This brought back memories. I started in September 1998, and I was petrified during my first 6 months. When I took a shower, I could see my hair falling off, and I was 22 years old! I also had a very sharp, constant, pain in the back of my neck. It was stress for sure. I simply could not pull the trigger. I had become very good friends with the star trader on the desk (23 years old), routinely making $100K+ a day. He even made it to the cover of New York Magazine, and articles in Fortune/Forbes.

I think my friendship with him is what kept me around. Around 6 months into it, he stood behind me, and said: I want you to lose, lose a lot, every day. Fucking lose.

Instinctively, I knew what he meant: You have nothing to lose, you are a prop trader, PULL THE TRIGGER.

And the rest is history. Incredible life, etc.

You can't tell people to grow a pair, when I have much, much bigger balls than you, and I can fucking prove it

By the way, both 2 options imply the same answer. Think about it...

View attachment 262348

Is that guy still around? Glad to hear

I was concerned. Whenever I took a shower, I could see a fair amount of hair, falling off. I guess that was my initial reaction to stress. And the ultra sharp pain in the back of my neck.

12 months after I started trading, no more hair falling off, no more pain in the back of my neck.

MAKING MONEY HEALS, HALLELUJAH!!!

PS. Your buddy Dustin @Dustin is so quiet. He doesn't want to play...

From the guy who tells his wife he expected $100K THE NIGHT BEFORE (why on earth would you say these things!), but only got $50K in a day, which he considers "kind of shitty". Fuck, you cannot make this shit up!!!

While the $100k part is true, you do realize I'm joking about the shitty part right?

 

[Dustin]

@speedo

You know HOW WE ROLL...

PS. Where is DUSTIN!!!!

Sorry for disappearing from message boards on a Friday night! What was I thinking.

@Dustin???

 

[newwurldmn]

I’m not disagreeing with your intent.

I'll let them tell you, these are non paid candid testimonials from real traders at several of my seminars over the years:

Ultimately it's all about simply focusing on trying to help each other become better traders, over time.