Tweets of the week

This is 1999 all over again
Didn’t end well for most traders then and won’t end well for these internet heroes now (of course you won’t see them blow out their account b/c they need to keep the sheep paying monthly fees for their service).

Also, in 22 years of doing this I don’t know a single very successful trader who ever publicly dropped numbers or patted themselves on the back like the online snake oil salesman do. It’s really pathetic.
 
Ross, who’s strangely not on this list, made 200k in one day. The funny part of that day’s recap was that he finally said - screw the stops, I’m just going to buy the dips and add. I am paraphrasing, but it is what Davey is saying as well. Will it end badly? For most, but not for all. Markets will come down and these guys will go back to their normal $500-5000 days without pushing it. But this year, they have earned the right to push the risk envelope.
 
danielc1 said:
The more money you make with trading, the lesser you talk about it... And let's get real here, huge amounts made in day trading is also huge amounts of risk.
Day trading is limit to the great moves you can get, because of the time cut off. Traders that make the most, are not daytrading. It takes time to get a skew in risk/reward that would make a huge contribution to your bottem line. Besides that, It is known to the public that social media posters wants you to get hooked on whatever programme they promote. Lifestyle does not come from their trading, but from selling useless materials or ads money.
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Mostly true.
Except with some super profitable hedge funds[ not a large number/LOL];
you can figure out thier gross profit.
The real shocker is the average long short fund average gain ; way less gain than average like SPY...…………………………………………………………………………………………………………..
 
Nothing, I made +$8 last week, 0.8pts profit, beat that suckers!!


Fed will dump there 10Tril soon and switch to short then run YM down to 14,000 area before flipping back long and make themselves a cool 10Tril all in no doubt.

Hope they have the sense to cash out and run away and retire!
 
qlai said:
@guru, are these people you “vetted?” I follow one of these and a fan.
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I didn’t vet them but don’t have big reasons to doubt their current/recent winnings because they don’t seem out of place statistically considering the Fed and stimulus fueling the market. At least I didn’t find thousands such traders, rather less than 20. Of course I’m missing many others too.
I think Nick Fabrio seems most genuine on this list as he seems to be a skilled tape reader out of Australia and was interviewed couple times on Chat With Traders. He’s been consistent for years and busy trading vs selling seminars.
 
Each time I wonder how many interesting things are happening all over the world and how differently people treat this or that event. And the fact that for one trader it is a dangerous situation, which requires caution, for another trader it is the best moment to earn.
And as for what my colleagues here write about a small profit, etc. I can say so. Firstly, if you see that you have been standing in one place for a long time, then you should probably reconsider your strategies and approaches to find something that will help you to go beyond. Secondly, if your profit is small but stable, then you should increase your capital to $80 or $800. Because I think that many people have long since stopped believing that you can make a million from 100 dollars.
 
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