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

[tomkat22]

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.

I think a lot of guys dont realize what happened in 2020 and 2021 was a generational event that we'll probably never see happen again in our lifetime.

 

[newwurldmn]

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.

the absolute best traders in the world have three traits:
1. They are great at finding an edge.
2. They are great at operationalizing that edge.
3. they have balls the size of planets in putting on risk to exploit that edge.

Given that every trade has risk, they will lose big every once in a while. But they can live with it because #1 and #2 put the odds so much in their favor they are comfortable with #3.

 

[tomkat22]

I would say a $25 million loss definitely meets the definition of "lose big". LOL

 

[newwurldmn]

I would say a $25 million loss definitely meets the definition of "lose big". LOL

I would agree, but I can understand his rationale for it even if I couldn’t stomach it myself.

 

[tomkat22]

I would give my left testicle to see a copy of his trade by trade blotter/report for 2022. Would be fascinating to see the symbols that he kept getting stopped out again and again until finally amassing $25m in losses. With entry and exit prices and time/dates.

 

[semperfrosty]

lol, he has no idea about dante, dante is all talk, there is no walk there.. I have to give him credit for being entertaining and that gets him a big following, but thats all he is.. I used to post on trade2win 15+ years ago, and Dante was on there as well. He used to win 'poster of the year' pretty much every year..

I found him helpful on T2W.

He was an admittedly failed/struggling trader,had a job where he could trade at work,until his breakthrough.

His thread on pin bars opened my eyes to candlestick trading.

 

[Laissez Faire]

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.

Where did you see that? He wouldn't be the first trader trying to "catch up" and in the process going even deeper in drawdown.

 

[Laissez Faire]

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.

Yes. I think Kris have said repeatedly that the reason he made it big is that where others may scale down as the account grows he just kept risking the same % growing his bets in relation to his account size.

the absolute best traders in the world have three traits:
1. They are great at finding an edge.
2. They are great at operationalizing that edge.
3. they have balls the size of planets in putting on risk to exploit that edge.

Given that every trade has risk, they will lose big every once in a while. But they can live with it because #1 and #2 put the odds so much in their favor they are comfortable with #3.

I would also like to think that the best traders tend to be lucky, too.

 

[Picaso]

Yes. I think Kris have said repeatedly that the reason he made it big is that where others may scale down as the account grows he just kept risking the same % growing his bets in relation to his account size.

That's what doesn't feel "right" to me, if he was adjusting his risk from say 80M, all the way down to 55 (-25), what would have been the loss in % with constant risk? 80-90%? If so, then his previous "edge" was fictional/random.

IMHO, he may have been doubling down or overriding his own risk control.

FWIW. the guy seems ok to me, not too boastful, helpful to others, never (as fas as I know) charged/scammed anyone and dutifully paid his 30% taxes, like a good European

I agree that trading successfully is a combination of [money plus] brains, guts and luck.

 

[Rams Fan]

Here in LA we gravitate toward hookers and blow.

It's true that some scents trigger memories as effectively as sights.