90% bullshit and 10% real results. Can't blame people for being skeptical. Trading is the only job where you don't need to be "certified" profitable. Every other job needs some sort of licensing, portfolio, degree from a reputable institution. No wonder most of us are just so lost lol
So what is the point of tight stops if you are holding a position overnight? They ain't going to help you.
The tight stop is placed upon the initial entry. If the trade works, it moves up and soon he raises his stop to the 10 day moving average which isn't nearly as tight as it was initially. He can explain his system a lot better than I can. See pic related and https://qullamaggie.com/my-3-timeless-setups-that-have-made-me-tens-of-millions/
Kris' stops seem to be flexible and discretionary (but only to a point). If he perceives a break-out is false he dont hang around long,he gets out. I think he keeps the stock on his radar though and might re-enter at his discretion.
Robbins cup day trading leaderboard from 11-17-2023 And through 11-21-2023 Hsieh, Dressel, and Bober are each still on the leaderboard and up from 11-17. Valentini and Stauffer are both new to the leaderboard. The leaderboard posts all who have a positive return, so those latter two just turned profitable in the past few days. I'll be interested to see what the leaderboard looks like after today, but it has yet to be posted.
Also noteworthy that Nykyforuk went from +23.8% to off the leaderboard, i.e. this trader gave up all gains and is now negative since the contest began on 10-01-2023.
I'm sorta talking to myself here I guess, but this isn't strictly true. I'm linking to my earlier post that shows with pretty reasonable assumptions and totally conservative draw down, you can 100x in a year or 2. https://www.elitetrader.com/et/posts/5893196/