Trader Loses $377,000 Day Trading TSLA

[qlai]

I am honest and make no such claims. Huge difference.

Maybe you are right, but to me, offering to teach people implies that you have achieved some sort of success in the field. Success in trading is measured by (risk adjusted) returns. So either you are consistently profitable trader or you are one of those “educators”

I went to your site where you post “partial records” and “proof I traded millions” Looks very scammy.

P.S. I respect the fact that you are a sponsor of ET and that is why I don’t believe I had ever commented on any of the threads you have started. But this is a public forum, so if you express your opinion be prepared to get opposing views. Nothing personal. Feel free to block me.

 

[TrailerParkTed]

Manipulation, scam.

What are things a noob trader would say after a loss? For a $1,000 Alex.

I remember everyone blamed the “Ax” or King GSCO was the reason they got whipsawed into a massive losing trade.

 

[KCalhoun]

I remember everyone blamed the “Ax” or King GSCO was the reason they got whipsawed into a massive losing trade.

Reminds me of the old "shadow the axe" in 1999 daytrading. Mkt makers would occasionally be easy to follow when they worked a large order, but it was rare. Concept of mm axe outdated as fractions now, eg what's MLCO doing .... reminds me of datek broker : p

 

[TrailerParkTed]

Reminds me of the old "shadow the axe" in 1999 daytrading. Mkt makers would occasionally be easy to follow when they worked a large order, but it was rare. Concept of mm axe outdated as fractions now, eg what's MLCO doing .... reminds me of datek broker : p

Datek, Cyber and sitting on Island bidding or offering getting hit with 1 share($19-$29.95 ticket) to screw with us. Good old days!

 

[KCalhoun]

Datek, Cyber and sitting on Island bidding or offering getting hit with 1 share($19-$29.95 ticket) to screw with us. Good old days!

And those 60-second guaranteed order fills from datek, lol so fast. You could tell you were being front run.

https://www.nytimes.com/2003/01/15/business/online-brokers-fined-millions-in-fraud-case.html

True re ISLD wild west..... I used cyber too til Schwab buyout.. used medved quotetracker and charts. Memories!

Of course we're likely just 1% of folks here who know wtf we're talking about. It's great to be old timers..

 

[TrailerParkTed]

And those 60-second guaranteed order fills from datek, lol so fast. You could tell you were being front run.

https://www.nytimes.com/2003/01/15/business/online-brokers-fined-millions-in-fraud-case.html

True re ISLD wild west..... I used cyber too til Schwab buyout.. used medved quotetracker and charts. Memories!

Of course we're likely just 1% of folks here who know wtf we're talking about. It's great to be old timers..

Than Schwab & Fidelity fought for “Five Second Executions” in fine print it’s for active S&P stocks. A 60 Second fill now could be up or down $3 like VVPR. I thought MMs filled ok except when COMS announced the Palm split, the back office had trouble trying to get fills or “outs”.

 

[realtrades]

[This is how Steven Dux compound his account. He shorts these POS penny stocks and he makes 20-30% a day since they pop up and then loses all their gains within hours. Do it on 4x margin and compound at 20% a day or whatever then you'll see how these guys make so much money.QUOTE]

Short on 4× margin? What? Spoken like a true student of Madaz.

 

[trader99]

Short on 4× margin? What? Spoken like a true student of Madaz.

I'm not a student of Madaz and even less so a "true student". I was in his chat room for 2 months to see what's up with all the hype. Then canceled his sub.

So I have first hand knowledge about his trading style. Everyone else who says he's a scammer and fake , you don't have data to say that. Just being haters.

Until you witness firsthand then you can't say that.

But after witnessing his trading style, I decided it wasn't for me. I had already developed my trading methods. It was a short term experiment.

And yes, I do trade on 4x long and short. Not because of Madaz. But that's how I roll...

 

[deaddog]

False. I'm saying that vendors who make profitability claims that they are making fortunes should show verifiable proof.

I am honest and make no such claims. Huge difference.

In other threads you stated that regulations prevented you from showing performance.

Do these regulations not apply to those who are making these claims?

And I believe I have asked before but could you show us what regulations prevent you from showing performance.

 

[realtrades]

And yes, I do trade on 4x long and short. Not because of Madaz. But that's how I roll...

Margin = buying power, Madaz doesn't even teach the basics?