Common, I don’t expect this from you. Just because he has access to a successful trader doesn’t mean he can just miraculously get his edge. Why is it so difficult to believe that there are successful traders? Why the hell are we here then!?
That's not what I'm disbelieving. I am a successful trader (albeit not as successful as imaginary trader yet). I'm disbelieving that he has this guy who tells him all his trades ahead of time and still somehow he manages to lose money.
Just for the record, I don't doubt that his story is fake. All I'm saying is that if I had access to a trade service that called out 20 point winners with only the occasional 5 point loss, I would trade the shit out of this opportunity. Maybe it takes 15 or 20 calls before you have faith in them, and then for the first 10 trades maybe you only put on 1 micro contract. But from what I can remember, this guy has an 80% win rate on a much better than 1:3 risk to reward ratio. (just guessing at the numbers here). So after months of seeing calls and being comfortable with how they play out, I say betting huge and doing this over dozens and dozens of trades should have your account growing thousands of percent in no time.
For SPY, when daily volume increases, the price typically falls on that day (with a very good correlation). The question is: what will happen to the price tomorrow? If you make a scatter plot of yesterday’s change in daily volume versus tomorrow’s change in price, you will see a mild positive correlation for some stocks. In fact, most of the outlier moves to the upside occur the day after a big increase in volume. I don’t think it’s magical, just a symptom of the buy-the-dip mentality that currently predominates I don’t day trade, so haven’t looked at intraday price to volume relationships