Chatroom gurus claiming to have $100k days -- total BS?

Discussion in 'Trading' started by KCalhoun, Sep 25, 2020.

Do you believe chatroom gurus claims of $100,000 real money profits in 1 day?

  1. No, of course not -- report them to the SEC

    21 vote(s)
    72.4%
  2. Yes, I think they're being totally honest

    8 vote(s)
    27.6%
  1. trader99

    trader99

    Ross is fake and/or a scam. In his videos, he shows getting out at prices that are nearly impossible especially with the volume he was in...

    If you watch madaz videos(at least the ones I've watched) where he record his live trades, you can see the volume and prints. So his entries and exits are reasonable and would be able to be filled. I don't see those on Ross...
     
    #111     Sep 26, 2020
  2. IDK why people here are harping on T&S, it isnt accurate.

    Depending on your broker it will hold a bunch of sales at any given point and when they all come in they will batch to the T&S ticker and you will see 300k (pick a big number) sales at a current price with no movement whatsoever. Better off using something that records the whole context at LOD/HOD with total shares traded at that given point instead of a per trader basis.
     
    #112     Sep 27, 2020
  3. Dazz

    Dazz

    well said.
     
    #113     Sep 27, 2020
  4. KCalhoun

    KCalhoun

    So far 18/20, or 90% voting agree with me.

    Checking time and sales to verify the trades are genuine is a smart idea. Looking for 5 of them gives plenty of opportunity to verify, even if 1or 2 gets partial fill. It's important to check real vs sim
     
    #114     Sep 27, 2020
  5. From what I understand if a retail trader makes any substantial amount of money in a short period is not congratulated (actually he becomes a mark). There is absolutely no reason to go public with it... if it's the truth. Actually, it is far better to present as a loser and keep it as his little secret.

    Now Vendors....that's another story.

    Es
     
    Last edited: Sep 27, 2020
    #115     Sep 27, 2020
    Dazz likes this.
  6. Dazz

    Dazz

    as in all vendor/no trader.
     
    #116     Sep 27, 2020
  7. TimMykes

    TimMykes

    making it is much easier than keeping it
     
    #117     Sep 27, 2020
  8. southall

    southall

    lol, this thread can be summarized as an old school charlatan showing frustration that the new breed of younger charlatans aren't 'keeping it real'

    The world has changed, 20 years ago new traders were happy to learn how to make $100K a year from trading, now they want to know how to make $100K per trade.

    As a snake-oil vendor the OP needs to adapt this snake-oil vending skills to what the market is currently looking for.

    Kids these days have $100K in student loan debts, their parents live in $500K or $Million+ dollar homes. Thousand dollar iphones and 100K Teslas have been normalized.

    The world has higher aspirations these days.
     
    Last edited: Sep 28, 2020
    #118     Sep 28, 2020
    TrailerParkTed, Justrade and Dazz like this.
  9. realtrades

    realtrades

     
    #119     Sep 28, 2020
  10. realtrades

    realtrades

     
    #120     Sep 28, 2020
    trader99 likes this.