Swing trader ….. $9K to $80M in 8 years

[kenten]

jumped the last page hoping issue would be resolved ,
faced someone having fun with someonbe elses skull
internet

 

[SimpleMeLike]

i do not understand why it is a big deal making money in markets.

it takes time persistence and a lot of money to lose.

in my case 15 years and over 400 000 usd ..... quite cheap if you consider the reward of understanding markets as that was my objective....

i turned my trading around by understanding what are channels and how to trade them.
99% of the books vids i have seen do not even mention anything about them.

that is why 99% of people lose money because they have no clue what is channel, and that the market is always in channel 80% or more of the time, leave alone how to recognize them and trade them

Hello Padutrader,

You can watch Al Brooks trade live for 1-2 days for $2500. You can meet him in person too. Just thought you may like this event


https://www.brookstradingcourse.com/workshop/al-brooks-live-trading-workshop-orlando-2024/

 

[Snuskpelle]

I don't particularity doubt this story. The real problem is to achieve those returns you would have to risk going back to $10k at basically every step.

2013 is also a rather ideal year to start trading with tons of risk in retrospect. He basically won the QE lottery.

Theodorus Struyck is more impressive in that regard. Just this year he turned a few bucks into 1.7 billion.

He won the QE lottery for sure. I do think that making the best of what the circumstances offer is fair to term success though.

 

[Thon1960]

A swing trader is an individual who seeks to profit from short to medium-term price movements in financial markets. Unlike day traders who execute multiple trades within a single day, swing traders typically hold positions for several days to weeks, aiming to capture price swings or fluctuations in market trends. Swing traders often employ technical analysis techniques to identify potential entry and exit points based on chart patterns, indicators, and market momentum. They focus on capturing "swings" or price movements within the broader trend, aiming to capitalize on both upward and downward price movements for profit.

 

[tomkat22]

If it's true and Kris did indeed lose 25 million in 2022 then shame on him for not realizing sooner that his system/strategy was just not working in that environment. That really is a staggering amount.

 

[newwurldmn]

If it's true and Kris did indeed lose 25 million in 2022 then shame on him for not realizing sooner that his system/strategy was just not working in that environment. That really is a staggering amount.

yeah. Shame on that guy for sticking with a strategy that made him 1000000percent as he went through a 40percent drawdown.

 

[tomkat22]

yeah. Shame on that guy for sticking with a strategy that made him 1000000percent as he went through a 40percent drawdown.

So you dont think a 25m loss in ONE YEAR seems a bit excessive? Watching 40% on my wealth evaporate so quickly would be devastating for me.

 

[newwurldmn]

So you dont think a 25m loss in ONE YEAR seems a bit excessive? Watching 40% on my wealth evaporate so quickly would be devastating for me.

but that’s the reason you, nor I, haven’t made the returns he has.

if he was scared with a 40percent drawdown he wouldn’t have made the 500percent annual returns he has.

live by the sword. Die by the sword.

 

[tomkat22]

but that’s the reason you, nor I, haven’t made the returns he has.

if he was scared with a 40percent drawdown he wouldn’t have made the 500percent annual returns he has.

live by the sword. Die by the sword.

I suppose that's one way to look at it. Another way to look at is he was showing symptoms of a degenerate gambler. Traders are gonna trade and I'm sure he felt he could trade his way out of a massive drawdown. I'm sorry I just cant find an excuse for a veteran,experienced trader like Kris to lose that much IN A SINGLE YEAR.

 

[Darc]

Yep, KQ admits in one of his Vids that he over trades.

When you watch his Vids, he makes it seem soooo easy. I wonder how many people have watched his Vids and thought they were going to make a fortune and went broke.