I understand where youre coming from and tend to agree to an extent. Have you ever read Nicolas Darvas' book? He outlines that for him the less information the better because otherwise he would get side tracked. We tend to get biased when we spend hours upon hours researching a particular stock and invest time as well as money into it.
I dont think you know what pyramiding is. Go read Tomorton's comment on the first page of this thread. He outlines it well. Pyramiding should never increase your risk.
Yea that underminds the whole "1%" of account risk per trade scenario again. I think thats just the answer. At some point you have to risk more on stocks you somehow "feel" are "pocket aces" (to go with the theme of the thread).
Yeah I saw that and I take him at his word. A little amatuer investigative work on my part I feel he had no more than 10mm in his trading account as of feb 2020. Which means he made 90mm from trading in the following 21 months. Quite impressive.
Who are you? Who are those guys whose names you mentioned? Just because you came upon the scene a few years ago and watched some YouTube videos means little to nothing. Those guys were harvesting extremely lucky lottery wins during maximum insanity in the market. I and peers generated 30-100 million each single year professionally, year in year out. And there are way bigger guns out there. The rats you mentioned got lucky but have never proven their skills, long term.
Now you're berating him, just saying. He's talking about individual retail traders who had a lot of success. In the industry is a pretty broad umbrella. There's tons of people that make money in the trading industry, that has absolutely nothing to do with trading(particularly intra-day) or trading skill. For better or worst most people here looking to trade are trading at the retail level. So given we know the expected audience, shouldn't be too shocked they mentioned some successful retail traders.
Yes that deserved a fuck you. Just because someone does not follow some schmucks on YouTube means nothing. I bet the 10 richest hedge fund managers have never heard of those names either. Only poor folks who watch this crap in order to keep the dream alive. Retail or not, anyone with 5 or more brain cells knows that you can't emulate other traders. And no successful trader shares his/her approach EVER. Hence, whatever they post is utter crap. Which makes those, who put any credence into such content, the product.
You really don’t know who you are talking to? He’s one of the trading deities! You were lucky he bothered to post, his time is valuable!
Fair enough. As much as I hate to, may have to admit defeat here. Maybe you are one of the few who actually has trading skill and that's how you make your money(in the industry) as you put it. We've certainly ruled out you using your personality as a leveraging tool. We're all in very good spirits though. Next week is thanksgiving. Hope you enjoy yours. EDIT: Oh I thought you said "f you" to me as well, my apologies for my lack of attention or reading comprehension. I still hope we both enjoy the holidays though.
They still did it, though. Plenty of people who did not capitalize on it. You had my curiosity...but now you have my attention. Care to elaborate a bit on that without revealing any secrets?