Trader Loses $377,000 Day Trading TSLA

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

  1. Where does he say what his predicting strategies are?
     
    #81     Sep 24, 2020
  2. trader99

    trader99

    He's up over $1M this month so far. Sweet.



    I would have liked a lower max loss. Pretty scary.
     
    #82     Sep 24, 2020
  3. trader99

    trader99

     
    #83     Sep 25, 2020
  4. SunTrader

    SunTrader

    Each trade stands alone. I would guess most individual traders account's (regardless of size) don't allow for losing 7 days days of profit. If this guy's does, so be it.

    But saying "probably take 2 weeks to make it back" says his account probably doesn't either. Once again someone erroneously using the rationale playing with house money. The blow up question is - when, not if it'll likely happen.
     
    #84     Sep 26, 2020
    trader99 likes this.
  5. S-Trader

    S-Trader

    He did various things to demonstrate that it's not a sim account. See my post #28 in that thread you posted.
     
    #85     Sep 26, 2020
    trader99 likes this.
  6. traider

    traider

    A video instead of proper audited pnl track record. I guess youtube is going to acquire SEC soon.
     
    #86     Sep 26, 2020
  7. traider

    traider

    their disclaimer

    You understand, acknowledge and agree that Madaz Money and its directors, officers, shareholders, employees, contractors, agents, and affiliates are not obligated to notify you as to which trades and returns are real versus simulated or hypothetical, and that Madaz Money, and its directors, officers, shareholders, employees, contractors, agents, and affiliates do not verify moderator trade records or maintain records of moderator trades and results, and that moderators have no obligation to provide Madaz Money any data.
     
    #87     Sep 26, 2020
  8. S-Trader

    S-Trader

    Standard legal verbiage, doesn't imply guilt or fraud. Check out other trading services... or the similar fine print for virtually any product you buy, subscribe to, etc. It's the smart thing to do from a legal perspective regardless of whether you're honest or not... and yet, it doesn't shield you either from SEC criminal prosecution, for example, if you truly are guilty of fraud.
     
    #88     Sep 26, 2020
    trader99 likes this.
  9. trader99

    trader99


    this is why i don't like his trading style...
     
    #89     Sep 26, 2020
  10. the only reason it works is because, aside from his indicators, he follows his entry and exit rules to a T most of the time.

    If you can follow your rules to a T with your own money on your own account for several trades and feel confident then scaling is nbd. Thats all he has done.

    Just look at his volume its like 5k+ shares at a time.
     
    #90     Sep 26, 2020
    trader99 likes this.