I saw some videos of the monthly winners a little while ago, and yeah, was pretty impressed with the huge returns.
But what really got me was the video with the best trader of the year award... he had a "paltry" 150% gain or thereabouts. He was a swing trader who had a regular job, and was trading mainly based on MA crossovers on daily charts. If the guys who made 300% in a month could do it consistently then I would expect the trader of the year would have made thousands of percent gain. But no.
Also, the vids I saw didn't say what account size they were trading. It's a lot easier to swing for the fences in a 2k account than it is in a 50k account!
But what really got me was the video with the best trader of the year award... he had a "paltry" 150% gain or thereabouts. He was a swing trader who had a regular job, and was trading mainly based on MA crossovers on daily charts. If the guys who made 300% in a month could do it consistently then I would expect the trader of the year would have made thousands of percent gain. But no.
Also, the vids I saw didn't say what account size they were trading. It's a lot easier to swing for the fences in a 2k account than it is in a 50k account!