of all the posters in this thread, longandshort has produced returns closest to those traders mentioned in the OP.
I also followed KK for 2 or 3 years. Would you mind stating what you think his account balance was time-wise,over the years? Most people would agree he fully exploited the greatest bull market in history(2010-2021).
The magic of compounding. By compounding, a 0.5% average daily gain, which most day traders claimed is doable, will produce 12.35x the original invested capital within two years (24 months). He started with $10K, it will be $1.235M in 24 months. Is 0.5% gain a day reasonable? I have only been day trading for two months so I don't know. Many of you on ET are very successful, professional day traders, so you know if that is a doable do.
If you can't figure this out, you ought likely not try it. IT IS NOT A 1% loss scenario! https://roppelreport.com/ If you are truly new and searching, signing up for this service, then going back and watching everything on the site should help you understand. For convincing bull market, but 10 leaders. Sift. Rotate money into leaders. I bet most of the big money in this whole crowd was swing trading in and out, quite different than the books makes it seem.
Just my two cents: Because they got to the point mentally where they knew what they were doing and believed in it, based on all the data they have. At some point it just all clicks for you and when you see what you're looking for you jump on it. That's why people can give others their exact strategy and they still lose money. A lot of them are just copying someone else and expecting when you put in the trade for it to work and now you're rich. When the people using it likely lack the over all market understanding of when to actually size up and use it, like others here stated. Plus for above mentioned reasons they either have an underlining fear when taking the setup or blissful ignorance when taking it. So in either scenario once you take that first loss or a few losses in a row your mental game is now shot and you've not only lost those individual battles, but also the war. Where as the creators of the strategy keep moving forward knowing that big winner is most likely to come over time due to probability.
yes i have heard it for 30 years. what i have NOT heard but i have personally believed is that the market can be 'solved' and that market movements are rational extensions of what traders do. this may be off topic but i choose to comment on it since you mentioned risk. what no one is telling you is that ignorance is not bliss but the most risky thing ever. what i am trying to say is why 1 % is such a magic figure. knowledge reduces risk and increases win rate . this is not explained often enough. or talked about. you cannot size up without increasing your understanding of markets
Kristian Kullamaggie is a swing trader who uses breakouts. His stop losses are near the breakout so that, he has a lot of small losses. However, his gains are huge relative to the losses making for a nice reward to risk ratio and gives him a huge trading edge. He also, takes profits the first 3 days his positions go in his favor, he sells some of his shares. As for the pyramiding on any stock, you should realize that you are increasing your risk too on the stock. What you have going for you is momentum as you pyramid on a winning stock. Never average down because you are pyramiding into a losing stock. A losing stock can always go lower.