madaz equity curve.
rising equity curve.
avg lost 21k
avg win 3.4k
92% win rate.
in another word Profit factor 0.16
A good course learnable course consist of this following.
1.planned Setup
2.Entry trigger
3.Stop loss price level. (Not to be confused price level risk as your personal dollar risk,which is what your tolerance required.)
4.Profit Target spelled out. ideally or not 2-3R.
I was and ongoing in another chatroom with this factors.
I was profitable for a period when covid 19 starts.
Problem is
1.the setup start to have less profit target hitting before reversing
2.lesser good quality setup occurs.
lead to me exploring other rooms
If a trainer execution base on level 2 & feeling?
If that's what was offered.
it's as good as, the only thing I can teach you is to read level 2 over again and again and get your own plan.
now do you still need his course?
I wasn't saying or expecting learning to trade is easy.
I'm saying that if you want to get a course material, the material should be learnable.
I've seem a lot apprentice from other guru/furu posting their positive result following their guru.
U dont get to see any trainee doing well following madaz. as there's nothing to follow.
not to mistake a good/profitable trader with a good course/teacher.
as a course buyer your priority concern is are you able to learn from the guru.
NOT are you able to SEE the guru profit in the trading.
My points exactly. That's why I cancelled his subscription after only 2 months. His R/R is really bad. But since he's a scalper he can get away with it by high winning percentages. I'm NOT comfortable with the large losses he take.
Obviously, his edge works for him and he makes money with it. I'm just not sure it will make money for all of his subs given their account size and risk preferences.
That's my real criticism of him. It's not that he's a fake or scammer, which I don't think he is.
It's that his style is not really easily replicable by his subs.
