Day trading is for suckers?

Thanks for that video, wolf-man is one heck of an actor!

 

Did you ever have the good fortune of being in one of Tokyo Joe's penny stocks before he broadcast-ed to his army of subscribers? I was lucky to be holding a big block of Aspect Tech when it went from $.45 to $4.30. Its off topic but you brought up some good memories of dumb luck trades. Maybe the author of the video is gambling and trading like crazy people we saw blow up in the Dot Com era. With all the black box, algo traders and how liquidity can vanish instantly he will be another Wolfman or kid who shorted Martin Shelkri's stock asking for a bailout after losing $130,000.

 

he is probably a newbie trader.

a newbie trader would
- after entering the trade, monitor the position very very very intensively
- be extremely elated when he earns tons of money

just look towards end of video;
he shouted ;

" OH MY GOD !!!! OH MY GOD !!!! OH MY GOD !!!! .... "



Similarly, he might
- smash the computer
- curse and swear here and there
- be extremely angry frustrated
when he suffer losses.


Professional trader wouldn't show such extreme emotion because
such extreme positive or negative emotion is extremely bad for trading.
also making and losing money is part of the game.

A professional trade would
- after entering the trade, wouldn't monitor the position so closely.
because market movement is not within his control.
- maintain neutral emotion when he make or lose money

 

nope. not a newbie
a con man

been around for years.

just a showman , like sykes, or any of the other paper trading frauds we suffer

 

FYP

 

So trading is often compared to professional sports. Do you think they get excited because of the money? I think it's more about mastery.

Well, you can concentrate on that, but below caught my attention.

"Wait ... Wait ... Don't chase ... We don't chase here"

 

I remember this guy.

 

My observation is that if he makes these types of returns so easily and on such a regular basis why does he sound so excited in making 25k when he just made more than twice that over a two day period?

Why would it be all that exciting for him if he did that all the time??

 

I'm going to make a prediction - once he finishes this year he will publish his records and will most likely have them audited.

 

BINGO.