Its nothing more than click bate to his site. Probably gets more page views than pennies he makes from trading.
Wowsy. Im not sure if youre new to trading or not, but posting something like this makes me feel its likely. Im new as well by the way (less than 3 years) so not trying to clown on you at all, beside WTF does I know anyway... Reading stuff like this, I now try and avoid as much as possible. Its good to hear about what is "possible" in the beginning as there is probably x20 more information saying its a complete waste of time and youll lose all your money. For me literally, seeing people post stuff like this on fintwit, etc. is horrible for my trading. Literally, was having a bad day trading wise the other day and some fintwit posted he made 1mm that day. Or even if someone brand new posts they double their small account from 3k to 7k in a day or something, it messes with my trading. Could be whatever, maybe a little bit of envy, self pitty, I dont know nor do I want to waste energy caring about it. It may get someone off focus as the mind may start to wander and calculate, well if he can do it... IMHO and for me, I have found a small group of traders that trade a style I am comfortable with and understand. I try and avoid all the noise, whether I have "adhd" whatever I dont care, what I have realized is the stuff doesnt help my trading. It actually gets me off focus and into "my feelz". Other members mentioned this style of trading already, but if its your chosen style best of luck and please do all your homework. I will reiterate a bit tho from one trader to another. It is a very very high risk style of trading. It may seem fundamentally very simple and seem even obvious, dare I say even easy. Unfortunately, IMHO its not and if you do your research you may come to the same conclusion. As a trader and a human being I always try not to hate on anyones success, (as long as their not doing some scammy shit, more power to them) Best of Luck
That's for many traders a problem. Especially for those who don't make money. Because they don't read the success of the trader, they read the failure of themselve. They read: I am a loser! And that hurts their ego. Denial of the hard truth ( the success) is a kind of emotional protection for their own ego.
WRONG. That would mean he's a trend trader. He's a COUNTERTREND trader. He SHORTS penny stocks that go PARABOLIC. He does NOT short stock that goes down. That would be trend trading. It's amazing how people make comments without reading or understanding different trading styles. Just repeating general trading widsom. Having said that, I do not like his or a number of penny stocks traders who do this style of trading. Very risky if you are not experienced. That's why madaz lost $1M. Kris and madaz are reguarly down quite a bit when there's massive trend continuation. They make money 90% of the time which feels comfortable. But their MAX LOSS is MULTIPLE of their average win. If you are comfortable with those stats then their trading style is for you. Madaz's most recent big loss was $160K in a day. When I saw that it was in HTZ both long and short and TSLA long and short , I knew EXACTLY what went wrong without him posting this entries and exits. He shorts when it goes up and loses more when it goes a lot higher. Then when they come back down he goes long and it goes down even more. So he got whipsawed on massive trend continuation BOTH DIRECTIONS in one day. It's a rare occurrence but when it does he gets run over. They are both mean reversion traders. Or countertrend trader in TA lingo. More people on ET should study different trading style, executions, etc. Learn the good from other successful traders as well as their weaknesses. Kaizen. Constant improvement.
If you make money shorting a down market during one of the most intense pull backs in history you're not a legend you're lucky. This isn't general trading wisdom it's the product of having exactly one copy of your 21st chromosome.
My point was that's NOT WHAT HE DID! He NEVER SHORT when STOCKS ARE GOING DOWN only when they GO UP get it ?! The edge he's exploiting is the same edge many penny stock shorters exploit and they are uncorrelated to big cap indexes as far as I can tell.