Exactly and anyone taking the ridiculously serious approach required to go from retail trader to hedgefund trader or PM is unlikely to be found on sites such as "zulutrading". As I say if one is consistently profitable why waste your time on such sites? Become wealthy through your own means creating a long term track record in the process, show its scalable then approach the funds. Creating the "winning" system to sell is an easy dream that attracts many to sites like that which is why I do not buy into their statistics. I don't quite understand your point, obviously they are different asset classes with different behaviors, if you have the intelligence and means to create systems to scalp or swing trade in one you will have the means to do so in the other, what I said had nothing to do with applying the exact same system to both, as I said its good to become proficient in trading as many asset classes as you can.....its not a complex idea....
in my humble opinion, based on years of not just trading but also watching other traders and comparing thousands of their systems/strategies on sites like zulutrading and c2, it is a) impossible to create a consistently profitable system (system = "mechanical") because all mechanical systems, especially the automated ones will eventually fail b) impossible to scalp stocks and forex successfully c) if you are a discretionary trader - and that's the only thing that works - it is very hard to adapt to different asset classes. 1. you cannot constantly watch hundred of charts without getting lost 2. by it's very nature, EUR/USD just behaves totally different than the VIX future. unless you're superman, it's pretty difficult to emotionally switch the underlying asset classes and always use different strategies for all the assets. maybe you can do, I can not.
What happens a lot is when people don't understand a trading product or have not done well they blame it on the "riskiness" of the product. All down side or upside exposure can be limited though limit or closing trades as well a spreads. I think people are substiuting the word risk when they should be blaming a foolish investor for executing a trade with a low probability of profit. Risk and reward will always be correlated. I think the days of buying and holding aren't over but very limited. Many companies go to 0 or the stock prices get driven to historically low levels and never produce any significant long term gains.
FX wiped me clean...made me poor.. but ever since i move to trading stocks..my trading life got better... loving each day the market opens.. Most millionaire traders made money in equities ....not heard or seen FX success stories.
Theoretically equity investing is like real estate and bond although future/option/FX is zero-sum. The former reward the economic growth and inflation. But the latter is like lotto and casino poker and no inflation at all. However, I do NOT buy "some stocks can double/triple in a year or go up 20% in one day on some news." at all. He should lose a big money by holding some other stocks. In the long run, annually 20% might be the best for the last 400 years in the world. That is almost same as Buffet's record for the 45 years, if he is not a liar. 20% for 45 years shall give you 4000 times than original seed. Never say "double/triple in a year or go up 20% in one day" from now at all. It is like "Put all your asset 200K in one bet in Blackjack, you can double to 400K in 10 seconds"
so this guy used his entire winnings of 280K to set up a simple "poker forum for football fans" made of simple vBulletin software that costs 91 USD / year to run? BTW, I think that video is a fake, just a marketing story for the casino