But wouldn't that contradict what he's always crowing about: making a million dollars VERY fast using the ES? You're not gonna do that taking tiny positions.@SimpleMeLike and only uses a small amount to trade (gamble?).
This is the fastest way to become a profitable trader
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lol, at making money by scalping in 2024. I waited for the part where I see how he really makes money. It's not from scalping or from other trading strategy, it's in you buying the workshop. If the strategies are that profitable, why give them all away and why supplement income with workshops? Just a joke. In 2019-mid 2022 I was extremely profitable in trading futures in grains, metals, rates, equity, etc., in an approach that was quite close to scalping. Maximum hold time was a minute or two to a few hours. I wouldn't tell my best friend how I did it at the time. That approach lost most if not all of its edge. Now, I would easily sell a workshop on it and I'd show you charts from 2019 to 2022 to show how profitable it is 
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@SimpleMeLike is not a good example.
Few read his comment that he put the bulk of his capitals in index funds using DCA and only uses a small amount to trade (gamble?
This thread is about trading, not investing.
Regarding his approach to trading he is the perfect example of what is considered a failing trader.
And SMB Capital will be helpful in facilitating that dream in the fastest possible way?
They are selling a course on identifying scalp setups for $6,000. Makes sense to me, if you are going to provide valuable knowledge, why sell it for only $100?
https://www.smbtraining.com/blog/smb-scalp-radar
Are they afraid of giving away their edge to the masses? My guess is most traders after buying the course will be too lazy to actually put in the time and effort to master it anyways, so they are safe.
If I were to sell what I know after 30 years, it would be 10k per person and take 6 months to cover. And even then you would still have to roll your own solution to make a system to trade. The 10K would probably just save you about 5 years of research, testing, implementation and maintenance. You would be on the right path at least.
Would you make money? Who knows. But you would have the tools to do so and avoid a lot of pitfalls, detours, dead ends and experiments.
Anyone telling you will make big bucks after taking their course is probably selling you, at least half, a "bill of good".
Would you make money? Who knows. But you would have the tools to do so and avoid a lot of pitfalls, detours, dead ends and experiments.
Anyone telling you will make big bucks after taking their course is probably selling you, at least half, a "bill of good".
What you describe is actually the most legit example that I have come across of anyone who considers the education route. The change though that I think would be valid is that it likely takes only 1 month to cover everything that can be shared (this is assuming there is no high level math). The reason why I say only one month is because after you've shown everything you look at and what you do with it, everything else is just developing that "feel" and learning to use it all.
I heard this interesting point about driveless technology. Most competent people can learn to drive a car in about 10 to 20 hours. Sure, you might need to spend hours memorizing all the road signs and learning the rules of the road, but putting it all together can be accomplished in under 20 hours. So then this makes you appreciate how far AI is since it has 10,000 times more compute available, and still can't do it as well as a human after a decade.
They are selling a course on identifying scalp setups for $6,000. Makes sense to me, if you are going to provide valuable knowledge, why sell it for only $100?
https://www.smbtraining.com/blog/smb-scalp-radar
Are they afraid of giving away their edge to the masses? My guess is most traders after buying the course will be too lazy to actually put in the time and effort to master it anyways, so they are safe.
My guess is there is no 'edge'. Most courses, e-books and books are just repackaging the same old public information with a few twists. Been a while since I read one of those, but I read a ton when I just started out.
Arguably, selling trading education is a much easier way to make money than actually trading - even if you know how to trade.
I do think you're right that most will be too lazy to actually put in the effort.
Isn't it odd? I never see anyone who think they can become a top performer in any other fields in a few weeks, yet in trading, so many seem to think it's a quick and easy path to riches.
This, and after the 30 minute YouTube university, people become adamant about their great skills. It is almost as if they are infected with the BS the youtuber was hocking. As if their bluster can hide their novice skill level by presenting an "expert" persona.
It seems to be a lesson that is lost on a lot people: It is the journey that hardens your skills, not the actual skills themselves.
WRT to @NoahA, I guess the reason I said 6 months are the areas one needs to learn: Instrument technical expertise, knowledge of how the markets work, proficiency in executing orders, emotional stability, and dealing with the infrequent but huge opportunities, PL management etc. All this can be covered quickly, but to be able to implement it under pressure, flawlessly, at least most of the time take time and training. People loop around and "re-learn" and "un-learn" a lot when money is involved.
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Scalping is not such a profitable and safe way to earn money as many people think. After all, when you make a lot of trades a day, you get tired and irritated, so mistakes and losing trades often appear. And not everyone can withstand such a trading mode, overtrading and the desire to constantly be in the market can lead to a completely different result. Trading should be comfortable first of all, and not nervous, then there will be profit and the desire to continue trading.