This could be a possible top in the market, 17 years old, that means he doesn't even remember the dot com bubble or even the housing bubble for that matter, this has been a bull market for 6 years and thats all he has traded....he was 11 when this bull market started, he is coming into this market without even an inkling of knowledge what a down market looks like or feels like.... he has only been in a market where the fed has propped up everything and anything, where there was TARP, QE, QE 2 and QE 3 and soon QE 4, Zero interest rates and central banks pumping trillions and trillions into every corner of this world economy....where the fed will come in at any moments notice to calm the market, a market where we have had a dovish fed and a market that buying any and all several thousand dips has paid off each and every time...there have been no bear markets since he began trading and over 1200 days without any correction.....lets be real here, this isnt a real market, this kid is trading in a fairy tale of a market.....
as much as everyone likes to bash this kid, I cant judge him yet. although i believe he will experience a devastating loss before he truly reshapes into a better trader. Using TOS platform, and knowing technical analysis at age 17 is already a few steps above most kids at that age. Now only time will tell if his personality and tenacity is a right fit for the market
All that is long-term slow investing sh*t...totally non-relevant to day trading, or just trading...in the here and now.
I have no issue with the kid... just the reporting style. zooming of the Keurig, etc. although he could learn to not end sentences with prepositions.
Yes. But the problem is the fact that he is specifically marketing to non-accredited investors. If he is pooling funds, then he is going to get shut down. If he's managing 20 individual accounts, then he needs to register with the state. Edit: Even the kid's broker faces potential sanctions if they are letting him sign-up non-accredited investors and/or manage accounts an an unlicensed advisor.
It's surprising that he's still soliciting "middle class" investors. His website now offers a "prospectus" and an order form for accepting investments with a $500 minimum.
Why not ? "valor does not wait for years" I meet too many old traders/investors that still think "buy and hold" is Nirvana. Nowadays, youthness could be an edge, because young people consider trading like a video game. They go in and out as fast as they can. It works for Poker, why not markets? Chris Mac