Trader Max lost $1 Million today, it’s on another thread.

Why do people think Madaz is trading on a sim?

What would be the advantage of that?

I've watched a few of his videos on you tube, I think he's legit trading real money.

With his followers he has a great advantage in trading, and he would be silly not to trade real money.
He already knows when he picks a ticker/trade people will follow, he creates volume which causes price momentum.
All he has to do then is take profit.

Sure its a modern day pump and dump in essence, but it is legal, and it is effective as I am aware.
 
gaz0001 said:
Why do people think Madaz is trading on a sim?
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madaz and others like him are not in the business of trading any more than 'funded trader' shops are in the business of funding traders.

he needs to trade to make marketing content to attract potential customers who will buy his educational services / chat rooms etc etc

'funded trader' shops have to fund traders to attract customers who will pay for combines

business wont develop itself
 
Turveyd said:
I made $1.2Mil the other day in 1 trade, flipping 400 contracts on NQ only took 15mins.*





*Demo Ninja accounts count right ??

I was down 500K for a while before it turned back my way I'll add.
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I was there that day, we both hit $5 million and TraderX and Overnight made $20 million because they were showing off vs our conservative approach!
 
snowman80 said:
madaz and others like him are not in the business of trading any more than 'funded trader' shops are in the business of funding traders.

he needs to trade to make marketing content to attract potential customers who will buy his educational services / chat rooms etc etc

'funded trader' shops have to fund traders to attract customers who will pay for combines

business wont develop itself
More...

That's interesting.

I never thought of that.

So you think that his takehome/salary is essentially what he earns from selling the training courses and nothing to do with Real Money Trading?
 
i mean it’s possible he has made money trading over the years but nobody except him and his accountant know that

he uses short profitable runs to make videos. his long term pnl is unknown
 
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