which youtube "traders" are legit?

[stv17]

I watched a few minutes of this guys videos and he seems to be a scalper,correct? And yet there seems to be very long periods of inactivity on his part. What is he waiting for? A particular set-up to appear? I wouldn't think a scalper would need to wait that long. You say he's transparent with his strategy,do you know what it is?

He does scalp trading mostly. Most of his trades are breaking news which he gets via Benzinga and other live news sources.
His strategy which he explains in his videos is mostly COC/CUC (candle over/under candle). You can see his strategy in this video

 

[tomkat22]

Thanks I'll check it out when I get some free time. BTW for anyone interested Kullamagi streamed for about an hour one day last week. He had some interesting trades on. He thinks Chinese stocks are about to get hot.

 

[easymon1]

Kullamagi streamed for about an hour one day last week. He had some interesting trades on. He thinks Chinese stocks are about to get hot.

2023 thinks Chinese stocks are about to get hot
https://www.dogpile.com/serp?qc=web&q=2023+thinks+Chinese+stocks+are+about+to+get+hot

Qullamaggie thinks Chinese stocks are about to get hot
https://www.dogpile.com/serp?q=Qullamaggie+thinks+Chinese+stocks+are+about+to+get+hot

 

[easymon1]

COC

cued...

 

[tomkat22]

Video cued up where Kris discusses his current holdings.I think he might have been stopped out of a couple since then.

 

[easymon1]

cued...

If anybody wants to find out if that linked method has legs and wants to do some stats, I'll match
one for one each of the first dozen posts that have stats accompanied by a correctly marked
screenshot that shows entry, exit, and stop indicated on the chart.
Here's an example and a set of stats that are not done according to the video, so it
wouldn't count.
If anybody's interested, post em up and get paid back one for one.

Date Symbol TF Time Signal TickDif
0130 HG 1m 1055 CoC 8 ticks

 

[Oppz]

He had a massive tax bill from capital income last year (on the magnitude of tens of millions of USD, can't remember exact number) as Swedish newspaper independently picked up on. Nobody wants to overstate their income to Swedish tax authorities. Actually nice to know he is legit.

Somewhat late response, but I just read the thread...

That is actually wrong.. The tax authority had made a "temporary" tax bill based on his turnover reported by the broker, but as he not hade made any declaration the tax authority based the tax bill on 30% of the turnover, not 30% of the profit (because the brokers sometimes only report the sales price, not the profit on the trade..) . That was in the news... A key question if he was so successful, why in the hell didn't he pay an accountant to make his taxes from the beginning? Nobody really knows the final tax bill. Maybe the answer is that all publicity is good publicity...

 

[Crankd26]

You can go to college (one that actually has a trading room and is sponsored by firms on Wall Street) and get a degree in a related field...you then work for an institutional trading firm (e.g. New York, Chicago, London).

You'll then have all your answers while perfecting your chart skills while not being dependent upon someone(s) from Youtube.

Seriously, if you're trying to make trading a career... it's worth it (going back to college. Yet, if trading is just a hobby to you...hopefully you'll find someone on Youtube to educate you.

wrbtrader

Hey there, any particular programs or schools you'd recommend? I think this sounds like a great idea actually.

 

[wrbtrader]

Hey there, any particular programs or schools you'd recommend? I think this sounds like a great idea actually.

I don't recommend any specific University for someone to attend.

In contrast, there are a few archive lists posted here at Elitetrader.com and one of them was from me. You should use Elitetrader.com search function (top right corner) to find those lists of universities that are posted here at the forum and then start your research/selection like any other student that plans to go to college.

If you can not find it (this forum has a bad search function)...try looking at the Universities that compete in the annual Rotman International Trading Competition. They all have high end trading rooms at their Universities and you could start your research/selection from their list of schools.

https://inside.rotman.utoronto.ca/financelab/ritc/

P.S. I just looked at the above list. The website changed in that it use to list all the past tournament results from prior years along with a list of the Universities that competed.

After a brief look at the site...I could not find the link. It's probably there but I don't have time to look for that direct link at the above website.

or Contact them...

BMO Financial Group Finance Research and Trading Lab
Rotman School of Management
University of Toronto
105 St. George Street
Toronto, ON M5S 3E6, Canada

Phone: +1 416 946 3296

wrbtrader

 

[wrbtrader]

I don't recommend any specific University for someone to attend.

In contrast, there are a few archive lists posted here at Elitetrader.com and one of them was from me. You should use Elitetrader.com search function (top right corner) to find those lists of universities that are posted here at the forum and then start your research/selection like any other student that plans to go to college.

If you can not find it (this forum has a bad search function)...try looking at the Universities that compete in the annual Rotman International Trading Competition. They all have high end trading rooms at their Universities and you could start your research/selection from their list of schools.

https://inside.rotman.utoronto.ca/financelab/ritc/

P.S. I just looked at the above list. The website changed in that it use to list all the past tournament results from prior years along with a list of the Universities that competed.

After a brief look at the site...I could not find the link. It's probably there but I don't have time to look for that direct link at the above website.

or Contact them...

BMO Financial Group Finance Research and Trading Lab
Rotman School of Management
University of Toronto
105 St. George Street
Toronto, ON M5S 3E6, Canada

Phone: +1 416 946 3296

wrbtrader

The first university trading floor was opened by MIT in 1996.

Since then, several colleges including Penn State, University of Texas, University of Virginia, Cornell University, University of Michigan, Bentley University, Ithaca College, SMU, Seton Hall University, Saint Joseph's University, Florida State University, Hofstra University and the Miami University Farmer School of Business have followed.

• Multi-million-dollar trading rooms have become the norm at colleges seeking to attract motivated students and corporate involvement...many sponsored by the top institutional trading firms in the world.

Many of the above Universities regularly compete in the Rotman International Trading Competition. Today, most business schools at a decent University have a professional trading room.

You only need to use Google to find them and check with your nearest University to see if the business school has a trading room for students in the school of business.

University of Chicago has their own Trading Competition and they list the Universities participating & place winners since 2013 @ https://tradingcompetition.uchicago.edu/competition.html

I know a few graduates of the business school from University of Chicago. Today they are highly successful retail traders after working for a few years for an institutional trading firm in Chicago.

Years back, I met someone that graduated from Baruch College that competed in Rothman. Its a name I regularly see in the top winners brackets.

https://theticker.org/6808/business...p-spots-in-international-trading-competition/

Good luck in college or going to graduate school.

wrbtrader