He might’ve not want to promote any specific video, while also asking traders already familiar with those videos and being familiar with the topic. An example would be most videos from Steven Dux. He has 142k subscribers on YouTube, and there is a reason for this. SMB Capital also covered this topic a few times. Tim Sykes also made most of his money shorting, though now he trades both long and short.
The stocks he and others are shorting don’t have anything to do with the market, and are mostly uncorrelated to the market. Penny and micro-cap stocks are pumped and dumped every day all year long, the same with companies sending out fluffy press releases about starting crypto dovisiom, producing face masks, or working on some large contract while not having any revenues. They can lose 80% value in days, regardless of the month.
Trends also don’t matter because for every such stock that trends up there are two that trend down. This is not 100% win rate when you never run into up trending stocks. In fact you lose every day on some and make money on others. Those traders on YouTube also share and talk about their losing days.
There are many that may be fraud, but shorting penny stocks is a big business and plenty of traders focus on it. I can’t match any of them with automated trading, but I trade the same stocks they do and can see that with a bit extra work (like reading through press releases), observing short float and price action, using level 2 data, and being able to pull the trigger in seconds - they can be quite successful.
Only unsuccessful traders don’t believe that trading successfully is possible.
