He’s 100 percent trolling.. He’s trading a very small account.. Other than Tudor, he’s like every other waver I’ve met
Is that what you meant by he's an Investor with most of his Funds, but trades a very small amount? Lucky he got lucky with Bitcoin I guess.
He’s smart enough to trade small, and not get over leveraged in any one name. His risk management is non existent, as is his derivatives knowledge.. He’s really a buy and hold investor, which is 100 percent fine. He doesn’t understand trading
WXYtrader (note the word Trader) claims to be the the best Technical Analyst on the Forum, yet he's primarily a Buy n Holder lol.
"I’m not just the best technical analyst and discretionary trader on the forum — I’m likely the only one operating at this level. Most of what I see around here stops at basic chart patterns. Yes, I trade — I took a call on MSTU and made $14K in a week. But holding pays better than trading. I used to focus on selling premium and I still do when the setup is right —however these days, I let high-yield dividends do the heavy lifting. The strategy isn’t just to beat the market — it’s to get paid regardless of what the market does."
If being the best TA trader doesn't beat a high yield (passive) investing strategy ... I don't see the point of going beyond basic chart patterns. Otherwise, great answer.
Passive? 80%-133% Lol... First of all I was doing this long before high yield dividends came out. I can return even higher yields if I want to do it manually... But why bother? Chart patterns alone will not be sufficient to time trades accurately.
By passive, I meant 1/10th the effort of active TA / Discretionary trading. You said it yourself ... the costs / benefits of being the best TA trader doesn't beat a high yield dividends investing strategy. Why bother ? Or maybe... you ain't the best Would @Scataphagos gives up TA for 100% ?