hi Overnight, i am new here and i didn't know that tradingschool is a scumbag by promoting the highest bidder, because i saw many bad reviews of other educators in his site, does it mean Dux also pays him big money?
Trader99, i am also will not be looking to such kind of system that has so big drawdown even unrealized one, that is not good system i think. QUESTION: if market has a probability of 50% going up and 50% of going down then why most people 95% lose money? maybe the emotion? I still need to find answer on this
95% lose money becuase of poor risk management, oversizing position, and not have an edge. Or all 3! People put their entire account(or a large portion of it) into one position. When it goes against them they don't cut losses. That's the most common beginner mistakes. Also they don't have a real edge which tells you when there's a slightly higher probability of a particular move. So they are trading WORSE than random.
Losing trader: Rides losers and cuts winners. Trades big. They trade against the trend. Profitable trader: Rides winners, cuts losers. Trade small. Trades with the trend. Losing traders do the exact opposite of winning traders on all four counts! There are other opposites as well. Loser: no plan and very poor discipline Winner: Detailed plan + strict discipline
Dude, u believe everything on the internet? Even account statement can be photoshop. Unless u breathing down his neck and see him trade. Don’t believe anyone say or show anything on the interweb. I was born at night, but not last night!
I have no clue if his results are true or not but you have to be careful with those that only explain the left side of the current market ie hindsight trading. It adds to someones credibility if they can make a live call and leave it published for better or worse.
From what I know his method is mostly shorting penny stocks that run up 200% or more and he will start to short them on the first red candle after a reversal wick candle...
This style is very stressful not to mention he could be lucky..Didn't he turn $583 to $300k+ within a year? A little hard to believe though.