ilmscore | 5 Millionaire Traders share How To Become Profitable in Trading

5 Millionaire Traders share How To Become Profitable in Trading

Published: 2024-07-11
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 4
Incorrect: 1
Pending: 0
Unrated: 0
Prediction
Topic
Status
Predicted that trading strategies effective in 2020-2022, such as buying pullbacks, will no longer be effective in the new market regime, and more shorting will be necessary.
"what worked during 20 and 21 and parts of 22 was not now going to work in this new regime we were going to have to short a little bit more not buy pullbacks"
Trading Strategies
Incorrect
Predicted that traders who do not adapt their momentum trading strategies to current market conditions (low volatility) will continue to lose money.
"traders who are trading momentum and expecting to make money the way they did in other regimes are going to continue to lose money yeah if they don't adapt"
Trader Profitability
Correct
Predicted that it is extremely rare for a stock that closes at an all-time high to gap down and fall significantly the following trading day.
"almost never have I seen something close at an all-time high and then just gap down the next day and start running away. Doesn't happen."
Stock market behavior
Correct
Predicted that traders will not miss a shorting opportunity for a stock currently at a new high if they wait for confirmation rather than prematurely shorting.
"you're not going to miss the short if it's at a new high you got to just get out and wait"
Short selling opportunity
Correct
Predicted that traders using momentum strategies without adapting to current or lower volatility market conditions will continue to experience losses.
"traders who are trading momentum and expecting to make money the way they did in other regimes are going to continue to lose money yeah if they don't adapt because when volatility is low like it is now or lower like it is now certain strategies don't work as well"
Trader profitability
Correct