Trader Loses $377,000 Day Trading TSLA

Discussion in 'Wall St. News' started by realtrades, Sep 21, 2020.

  1. qlai

    qlai

    Maybe you are right, but to me, offering to teach people implies that you have achieved some sort of success in the field. Success in trading is measured by (risk adjusted) returns. So either you are consistently profitable trader or you are one of those “educators”

    I went to your site where you post “partial records” and “proof I traded millions” Looks very scammy.

    P.S. I respect the fact that you are a sponsor of ET and that is why I don’t believe I had ever commented on any of the threads you have started. But this is a public forum, so if you express your opinion be prepared to get opposing views. Nothing personal. Feel free to block me.
     
    #151     Oct 10, 2020
  2. I remember everyone blamed the “Ax” or King GSCO was the reason they got whipsawed into a massive losing trade.
     
    #152     Oct 10, 2020
    KCalhoun likes this.
  3. KCalhoun

    KCalhoun

    Reminds me of the old "shadow the axe" in 1999 daytrading. Mkt makers would occasionally be easy to follow when they worked a large order, but it was rare. Concept of mm axe outdated as fractions now, eg what's MLCO doing .... reminds me of datek broker : p
     
    #153     Oct 10, 2020
    TrailerParkTed likes this.
  4. Datek, Cyber and sitting on Island bidding or offering getting hit with 1 share($19-$29.95 ticket) to screw with us. Good old days!
     
    #154     Oct 10, 2020
    KCalhoun likes this.
  5. KCalhoun

    KCalhoun

    And those 60-second guaranteed order fills from datek, lol so fast. You could tell you were being front run.

    https://www.nytimes.com/2003/01/15/business/online-brokers-fined-millions-in-fraud-case.html

    True re ISLD wild west..... I used cyber too til Schwab buyout.. used medved quotetracker and charts. Memories!

    Of course we're likely just 1% of folks here who know wtf we're talking about. It's great to be old timers..
     
    #155     Oct 10, 2020
    TrailerParkTed likes this.
  6. Than Schwab & Fidelity fought for “Five Second Executions” in fine print it’s for active S&P stocks. A 60 Second fill now could be up or down $3 like VVPR. I thought MMs filled ok except when COMS announced the Palm split, the back office had trouble trying to get fills or “outs”.
     
    #156     Oct 10, 2020
    KCalhoun likes this.
  7. realtrades

    realtrades

    Short on 4× margin? What? Spoken like a true student of Madaz.:D
     
    #157     Oct 10, 2020
  8. trader99

    trader99

    I'm not a student of Madaz and even less so a "true student". I was in his chat room for 2 months to see what's up with all the hype. Then canceled his sub.

    So I have first hand knowledge about his trading style. Everyone else who says he's a scammer and fake , you don't have data to say that. Just being haters.

    Until you witness firsthand then you can't say that.

    But after witnessing his trading style, I decided it wasn't for me. I had already developed my trading methods. It was a short term experiment.

    And yes, I do trade on 4x long and short. Not because of Madaz. But that's how I roll...

    :)
     
    Last edited: Oct 10, 2020
    #158     Oct 10, 2020
    TrailerParkTed and qlai like this.
  9. deaddog

    deaddog

    In other threads you stated that regulations prevented you from showing performance.

    Do these regulations not apply to those who are making these claims?

    And I believe I have asked before but could you show us what regulations prevent you from showing performance.
     
    #159     Oct 10, 2020
    GettingThere and trader99 like this.
  10. realtrades

    realtrades

    Margin = buying power, Madaz doesn't even teach the basics?
     
    #160     Oct 10, 2020