+$104,709 TODAY with the 3 Hour MACD Short Squeeze (Full Training)
Published: 2024-10-16
Status:
Available
|
Analyzed
Published: 2024-10-16
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A new 'hot cycle' in the market has begun, sparked by a recent event.
"just yesterday we had the spark that has ignited a new hot cycle"
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A specific stock experienced a 2,000% short squeeze.
"a 2,000% short squeeze"
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A stock's price increased from $2.50 to over $59 in a single day due to a short squeeze.
"a stock from about $2.50 a share goes up to over $59 a share in one day"
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The speaker made over $100,000 in profit within 3 hours of trading.
"today I am up over $100,000 in real money profit trading for about 3 hours"
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Short sellers collectively posted over $1 million in losses on social media yesterday.
"I saw over a million dollars in trading losses posted by short sellers on social media yesterday"
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A stock's price rose from $2.32 to $60 per share.
"this down here was $232 cents and that right there is $60 a share"
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The speaker expects to see similar short squeeze events occur in the future.
"it was not the first time I've seen that happen and it will not be the last time"
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The speaker chose not to trade a specific stock (drug) despite its 2% increase, adhering to their strategy.
"I didn't trade drug yesterday that stock went up 2% and I didn't take a single trade on it"
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A trading decision was based on the timing of a stock's move relative to the speaker's strategy.
"it didn't fit within my strategy at the time of day that the move occurred"
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The speaker has adopted a rule to avoid trading during midday to prevent losses.
"I taught myself stop putting your head out there and getting chopped up in the middle of the day"
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The speaker made $14,700 in trading profit on the current day.
"how I made $14,700 today"
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A stock that was $1.38-$1.50 yesterday increased to approximately $9 per share today after a 1,000% move yesterday.
"this stock today that went up 1,000% yesterday closed at around uh it's like a$1 38 $150 ended up going up to about $9 a share this morning"
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Trading breaking news is a component of the speaker's strategy.
"that's part of my strategy to trade breaking news"
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A 2,000% short squeeze occurred unexpectedly.
"the surprise 2,000% short squeeze"
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The speaker will detail their momentum trading strategy, including trade entries and exits.
"my momentum trading strategy and the case study of my entries and exits and trades today"
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The speaker will discuss the advantages and disadvantages of parabolic momentum trading.
"the pros and cons of parabolic momentum trading"
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A 2,000% short squeeze served as the catalyst for a new period of 'hot momentum'.
"the surprise 2,000% squeeze that ignited this round of hot momentum"
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Historically, a single specific stock's significant move has often initiated the start of a new market cycle.
"I think back over a decade and I can remember it's like one specific stock and that starts the next round"
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In 2014, the stock Drys surged from $5 to $115, triggering a cycle of hot market momentum.
"in 2014... Drys... ended up going from about $5 a share all the way to $115 and that stock started this cycle of hot momentum"
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The Drys short squeeze was one of the largest the speaker had witnessed in real-time.
"that was one of the biggest short squeezes that I had yet to see in like real time"
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The speaker previously found it difficult to trade highly volatile stocks.
"at that time I actually struggled to trade those stocks that were so volatile"
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A 2,000% stock increase signifies significant trading opportunities.
"when a stock goes up 2,000% clearly there's a lot of opportunity"
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A stock gradually moved from $1.40 to $2 before a sharp rise to $3.60 into the close.
"it goes from you know $140 to A180 to two bucks nothing crazy and and then all of a sudden into the close it just rips up here to 360"
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There was no identifiable catalyst for a particular stock's significant upward movement.
"there really wasn't any clear Catalyst behind this move"
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The period between 3:00 PM and 4:00 PM is referred to as 'Power Hour' in trading.
"between 300 p.m. and 400 p.m. which is a time of day that we sometimes call Power Hour"
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Some traders buy stocks that show strength between 3 PM and 4 PM for overnight positions.
"Traders out there that focus on looking at stocks that are strong from 3 p.m. to 4 P.M to buy for an overnight hold into the next day"
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The stock 'drug' experienced a volatile price movement, reaching $3.60 before dropping back to $2.80.
"drug ends up squeezing up to 240 250 all the way up to 2 uh 280 then to 360 goes all the way up here but then it drops back down to 280"
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Traders who short a stock anticipate it will reverse and decline towards its previous price levels.
"traders who take the opposite approach of shorting adding short right here creating a negative position are then looking for this just to kind of unwind back down towards where it came from"
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The stock's price action showed a pattern of declining highs (360, then 340), indicating a downward trend.
"the stock this is the previous high up here 360 this is the next high at 340 and now we're starting to stair step down"
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Short sellers likely set their stop-loss orders around specific price levels to manage risk.
"people are most likely shorting it with a stop right around here or right around here those are your triggers"
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The speaker, as a momentum trader, prefers to trade the initial upward move ('front side') rather than the subsequent decline ('backside').
"we like to trade as a momentum Trader the front side and I don't like to trade the backside"
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The speaker profited $10,000 from trading different stocks.
"I made $10,000 trading other stocks"
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A stock rapidly increased from $2.50 to $3.87 and was halted due to the rapid price movement.
"it squeezes from 250 and it just rips up to 330 it goes up to 387 and it's halted up"
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Short sellers anticipating a stock's decline are now facing losses due to its upward surge.
"at that time the people who are shorting this for a swing train to go lower are now in trouble"
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Short sellers who initiated positions pre-market, expecting a drop to $150, are now experiencing losses.
"the people who added new short positions pre-market hoping it would go back to about $150 or whatever the the previous day before the the move which had no real Catalyst they're now getting you know pushed around"
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The speaker, an East Coast trader, performs best in early morning trading sessions and typically finishes by 11:00 AM.
"I do the best and this is just you know these are my own stats and everyone's stats are different but you know I'm an East Coast Trader I trade early in the morning and and of course when I trade in Europe I'll trade from 4:00 a.m. at times but I do the best from early and then my window is pretty much done by 11:00 a.m."
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Over the past 30 days, the speaker has been profitable until 10:00 AM and has lost money trading after that time.
"for the last 30 days for instance it's been pretty clear that I make money up until 10:00 a.m. and after 10:00 a.m. I'm done so I'm actually losing money"
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The speaker decided to stop trading daily at 10 AM approximately a week prior.
"I made the decision about a week ago that I was just going to stop each day at 10 a.m. and that was it"
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A stock experienced a dip followed by a rise to $4.29 and then further increase.
"it dips down it pops up to to $429 it pushes a little higher"
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Having already made $10,000, the speaker felt they were nearing their trading limit and decided not to risk further.
"I feel like I'm kind of at the end of my window I've already made $10,000 today I don't need to push my luck"
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A stock halted upwards multiple times, reaching $7.50, then $10, and eventually $16 per share.
"it ends up halting up again at 750 it halted up a third time at 10 and it goes all the way here up to 12 and then to $5 $16 a share"
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The speaker declined to trade a stock after 10:00 AM, adhering to their rule to stop trading by that time.
"do I break the ice and start trading it here now it's past 10:00 a.m. it's 10:50 it's 11:00 a.m. and I said no that would be breaking a rule"
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Breaking trading rules leads to negative emotions regardless of the trade outcome, whether it's a loss or just not making significant profit.
"if you do it and you lose you're going to be furious with yourself if you keep trading and you don't make any good money you'll still be annoyed with yourself because you broke your rule"
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The speaker believes that breaking trading discipline results in a loss, even if financial profit is made on a trade.
"no matter how I slice it I'm going to come out loser even if I make money because I will have lost discipline"
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A stock halted upwards, surpassed its day's high, reached $30, faced resistance around that level, and then pushed to $32.
"it halts up here at about 1240 halts up through the high of day it then dips and rips up to $30 a share and it pulls back it pushes up to 32 and we developed this level of kind of resistance around 30"
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The stock price surged to $44 per share just before the market close.
"then going into the close it rips up to $44 a share"
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A stock reached a peak price of $5.98 through a squeeze.
"squeezes up to the peak of $598"
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The previous 'spark' initiated a hot market cycle, and subsequent changes have occurred.
"that was the spark the beginning of the hot cycle and what changed is the following"
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Many short sellers experienced significant six-figure losses yesterday, as evidenced by social media posts and discussions.
"shorts had accounts blown up I mean we saw there were a lot of people posting on social media yesterday and I heard a number of people talking about it there were a lot of sixf figure losses"
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During explosive stock moves with frequent halts, managing losses effectively becomes difficult for traders.
"the problem here is that when you have this type of just absolutely explosive move there's not a lot of opportunity when the stocks are halting and then opening higher to manage the loss"
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In a specific trading scenario, taking large share positions (20-30k) could lead to substantial losses ($300k).
"this is an area where it's easy to take 20 30,000 shares and then suddenly be down 300,000 bucks"
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Short sellers who suffered significant losses are currently out of the market.
"you got a lot of short sellers whose accounts got literally blown up which means they are not trading today"
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With fewer short sellers active, the market dynamics are expected to change.
"so now we're going to have fewer sellers"
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Last year, a similar situation occurred where a dominant seller disappeared after a significant stock move, leading to several weeks of clean momentum.
"we saw this same thing happen by the way last year where we had a stock that made a crazy move like this and it was pretty clear because there was one person I think it was one person maybe it was a firm that would just dump on these stocks every time they would start to pop up and then we had this one stock like drug that went crazy and then after that we didn't see that seller at all and we had just several weeks of really clean momentum"
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The speaker theorizes that a consistent seller was removed from the market due to being 'blown up' or deactivating their trading algorithm.
"my theory was that that one seller that one firm either turned off their algorithm because they got blown up or they were blown up and so they were out of the market whatever the reason was that seller was gone"
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The reduction in short sellers is anticipated to result in increased volatility and larger price movements.
"with fewer short sellers shorting into the moves I expected that today we would see heighten volatility and bigger moves"
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A $100,000 loss yesterday prompts consideration of today's trading actions.
"if you think about it if you just took a $100,000 loss yesterday what are you going to do today"
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Experienced traders, after significant losses, are likely to adopt a cautious approach and remain on the sidelines.
"most Traders who've been at this for a while are going to be sitting on the sidelines they're going to be cautious"
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Long investors, including the speaker, are experiencing FOMO (fear of missing out) due to a significant missed trading opportunity.
"Longs are feeling some fomo as as was I I missed a huge move yesterday"
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Market moves are becoming larger, volatility is rising, and 'sympathy momentum' is emerging.
"the moves are Amplified volatility is increasing and we're seeing the phenomenon of sympathy momentum"
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The stock N NIF increased from $0.80 to $3 yesterday, representing a 300-400% gain.
"n nif this one yesterday went from about 80 cents a share up to three bucks so a solid 300 400% move"
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After hours yesterday, STC (Ortec) surged from $0.50 to $5.
"after hours yesterday we had STC at ctec Ortec this one went from about 50 cents a share all the way to $5"
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The stock BDRX experienced a surge from $5 to $13 within a single 5-minute candle after hours yesterday.
"this one yesterday after hours sympathy momentum goes from 5 to 13 in one 5 minute candle"
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The stock BDRX initially rose from $8 to $6 this morning (likely a typo and meant to be a drop or rise, but stated as 'goes from 8 to 6').
"this morning, it goes up again, it goes from 8 to 6"
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Stocks today have gained over 100%, while yesterday's top gainer saw a 2,000% increase.
"stocks this morning up over 100% and yesterday our leading Gainer was 2,000%"
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Market control has transitioned from bearish to bullish sentiment.
"the control in the market has shifted from the Bears to the Bulls"
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The speaker's total trading profit for the day is approximately $104,749.30 across two accounts.
"I'm at 98,000 $754 in my main account plus I've got $5,995 5.30 in my small account"
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The speaker made a combined profit of $4,000 on the day (this appears to contradict the earlier profit figures and might refer to a specific account or trade). Given the context, this is likely a mistake in the transcript or intended to refer to a subset of trades.
"combined $4,000 on the day"
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The first step in the speaker's trading strategy is identifying moving stocks.
"step one is to find the stock moving"
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The speaker uses proprietary software called 'Day Trade Dash'.
"this is the day trade Dash software that I've developed"
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The 'Day Trade Dash' software is accessible to members of Warrior Trading, which is a software service.
"this is available for members at Warrior trading Warrior trading is software"
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The speaker traded three out of the four top-gaining stocks from the after-hours session.
"I traded three out of the four leading after hours top gainers"
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Proficiency in using stock scanners is essential for the trading strategy.
"you've got to know how to use your stock scanners"
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The speaker has a framework of five principles for selecting stocks.
"I talk about my five pillars of stock selection"
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Identifying the catalyst behind a stock's movement is a crucial step in the trading process.
"figuring out what the catalyst is"
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The stock 'drug' experienced a 2,000% rise yesterday without a clear identifiable catalyst.
"in the case of drug yesterday there wasn't a clear Catalyst and yet it still went up 2,000%"
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While a catalyst is preferred in stock selection, its absence is not a complete disqualifier according to the speaker's framework.
"the absence of a catalyst is not an absolute deal breaker according to my five pillars of stock selection but it is pretty important and it's preferred"
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Technical analysis is a key component of the speaker's trading strategy.
"perform technical analysis"
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Determining the maximum acceptable loss is a critical part of trade planning.
"what my Max loss is going to be"
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Beginner traders often impulsively enter trades on attractive charts like BDRX, leading to losses when the stock pulls back.
"a lot of beginner Traders struggle with they'll pull up a chart like bdrx and they'll think oh this thing looks awesome I'm going to go ahead and jump in and then next thing you know they're in this thing way too high and it ends up pulling back it drops back down and they get smoked"
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The speaker aims to guide traders to identify optimal entry and exit points on charts.
"I don't want to see that happen to you I would like you to be the type of Trader who understands on the chart the right place to get in and the right place to sell"
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A strong understanding of technical analysis is necessary for successful trading.
"you've got to have a pretty good handle on technical analysis"
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Key elements of technical analysis include candlestick patterns, indicators, support/resistance levels, and recognizing buy/sell signals.
"technical analysis... Candlestick shapes... Candlestick patterns... technical indicators... support and resistance... buy and sell signals"
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Trade execution involves using broker platforms and hotkeys for rapid buying and selling.
"executing the trade and that's where I'm opening my window here my my broker window and I'm pressing the buy button pressing the sell button Andor using my hot keys"
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The speaker emphasizes their ability to execute trades rapidly using keyboard and mouse commands.
"I am able to move in and out very quickly just with the keyboard and with the H with the mouse"
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Analyzing trading metrics provides feedback on the effectiveness of trading strategies and identifies strengths and weaknesses.
"analyze the metrics and when I analyze the metrics that's what gives me feedback about what I'm doing that's working and what I'm doing that's not working"
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Over the last 30 days, the speaker's trading performance has declined after the market open.
"I have noted about my own performance in the last 30 days is that I have not been trading well past the open"
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The speaker reached a peak profit of $125,000 for the day before giving back $25,000.
"I actually peaked today at about $125,000 in profit and then I gave back 25,000 off the top"
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Experiencing setbacks (falling down) indicates that one is pushing their limits and striving for greater achievement.
"if you don't fall down you're not pushing yourself hard enough"
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Giving back some profit suggests that a trader did not fully maximize their potential or push to their absolute limit.
"if you don't give back a little profit to me it tells me that you didn't push all the way to the Limit"
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While giving back $30,000 would normally be a significant loss, today's market conditions justified taking on that level of risk.
"giving back $30,000 if that was just a single red day that would be a huge red day but in the context of today if there was ever a day to push it today would be that day"
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The primary advantage of parabolic momentum trading is the potential for massive (1000%+) moves and the opportunities generated by high volatility.
"pros are 1,000 plus per moves that's a huge Pro trading that type of volatility is awesome volatility equals opportunity"
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A disadvantage of parabolic momentum trading is the cyclical nature of 'hot' and 'cold' markets, leading to clustered wins followed by extended periods with few significant opportunities.
"cons are that we do have hot and cold Cycles so if for instance you were only trading parabolic stocks like these your challenge would be that your winds would be clustered together and then you would have long stretches of weeks perhaps maybe even months where you didn't have any big Winners"
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A risk in parabolic momentum trading is buying at excessively high prices, forcing stop-outs, as experienced by the speaker on some trades today.
"you could get caught B buying too high right and that happened to me on a couple of trades today I got in too high I had to stop out"
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It is imperative to cut losses rapidly when trading volatile stocks.
"you must cut your losses quickly"
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Momentum trading involves buying stocks at high prices with the expectation of selling them at even higher prices.
"momentum which means you're buying high and selling higher"
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The speaker initiated a trade with 20,000 shares.
"I bought 20,000 shares of this starter size"
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The speaker increased their position size to 30,000 shares.
"I added to 30,000 shares"
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A specific candlestick pattern, 'first candle to make a new high,' will be taught in an upcoming class.
"classic first candle to make a new high this is a pattern that I'll be teaching you guys in Friday's class"
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The speaker entered a trade during a dip in the stock price.
"I bought this during this dip right down here"
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The risk per share was approximately $0.30, totaling $1,200 for the trade.
"I was risking about 30 cents a share which is $1,200"
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A trade with $1,200 in risk and $4,500 in profit achieved a 3:1 profit-to-loss ratio.
"13 $1,200 of risk for $4,500 of profit that's a 3 to1 profit to loss ratio"
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The stock's price increased to $15.
"this ends up squeezing a little bit higher goes up to 15"
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The speaker utilizes multiple chart timeframes (5-minute, 1-minute, 10-second) for detailed analysis.
"I'm looking at the five minute but I'm really getting zoomed in on my one minute chart and then I'm getting zoomed in even further on my 10-second chart"
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Trade execution involves directly using buy/sell buttons or hotkeys on the trading platform.
"I'm pressing the buy button pressing the sell button Andor using my hot keys"
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Upon appearing on the scanner, the speaker recognized the stock immediately.
"it hits my scanner and immediately I'm like okay I know the stock"
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Checking the stock's float, which is under 1 million shares, is part of the analysis.
"double check the float the float sub 1 million shares"
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A letter to stockholders providing updates, issued at 8 AM, was identified as the catalyst.
"what's the catalyst so I check the news window here and I see that we've got a letter uh let's see issues letter to stockholders providing updates that was at 8: a.m."
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The stock is experiencing an upward price squeeze.
"this thing is squeezing up"
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Initially light, trading volume for the stock increased rapidly.
"from the volume perspective the volume was light to begin with but it picked up pretty quickly"
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The speaker's first entry for a trade was at $3.35.
"my first entry on this was at um let's see I bought this at um $335"
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The stock price reached highs of $3.50, $4, $4.27, and ultimately $4.42.
"it goes goes up to a high of 350 it goes up to 4 it ends up hitting a high of 427 or no let's see what was the high here um 442"
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A small position of 2,500 shares was taken at $3.35.
"that was a small position I took 2500 shares at 335"
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The stock price more than doubled within a two-minute period.
"in two minutes it went up over 100% in two minutes"
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The stock broke through a level and surged to $5.90.
"breaks this level it squeezes up here to 590"
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The rapid increase from $4.50 to $5.90 was a notable trading event.
"the break of 450 going straight to 590 was awesome"
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The stock price held steady at the $5 level, indicating support.
"it holds $5 it holds this level"
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The stock broke $5.50, reached new highs including $6.25, $6.50, $7.58, and encountered a large seller at $8.
"it goes through 550 and now we're back to New highs 6 625 650 7 758 and right up here at eight we had a big seller"
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The stock broke through multiple resistance levels (950, 1050, 1150, 12, 13, 14), reaching a high of $15.70.
"it rips up to 950 we pull back now I'm just buying the breakouts we break 950 we go to 10 1050 we drop back down pull back for a second we break through the new high I'm adding for the break of 1050 we go up to 1150 pulls back then we break 1150 we go up to 12 we break 12 we go up to 13 we break 13 we go up to 14 we hit a high right here of $15.70 a share"
Pending
During a sudden, unexpected price surge, the speaker impulsively bought shares.
"right here this was really wild uh all of a sudden I don't even know what happened right here but it rips up and I just I punched the buy button"
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The speaker admits to taking an aggressive entry at $5.50, initially misjudging their position as being down $1 per share.
"I got a little aggressive here I punched the buy button at550 and I all of a sudden I thought I was down a dollar a share"
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The speaker achieved over $100,000 in profit for the day during a rapid price increase from $5.50 to $18.93.
"I was up $2 a share and it goes all the way to 1850 and and then it goes to 1893 and so just in that move right there I that's where I was crossing over $100,000 on the day"
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The speaker bought 7,500 shares at $14, anticipating a 'red to green' price reversal.
"I bought 7,500 shares at 14 I was looking for the red to Green move"
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A trade was stopped out at $12.20, resulting in a $15,000 loss.
"stopped out at 1220 for a $15,000 loss"
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The speaker re-entered the trade with 7,500 shares at $15, recovering some of the previous loss.
"I got back in with 7500 shares and it does go to 15 so I made back some of the loss"
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The speaker's profit on the stock ATNF was approximately $96,000 to $98,000.
"I ended up being up 96 about $96,000 on atnf maybe 98,000 maybe 100 I I don't think so I think around 98"
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The speaker acknowledges taking on excessive risk with the ATNF trade.
"pushed my luck on atnf a little bit"
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The speaker admits to overtrading the declining phase of the stock's movement.
"I overtraded the back side a little bit"
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The speaker incurred an $8,000 loss on their second trade involving the stock VSS.
"I actually lost 8,000 on it on my uh second trade"
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The speaker identified a similarity between the VSS chart and yesterday's 'drug' stock chart.
"I saw it right here and I was like oh boy here we go this looks a lot like drug from yesterday"
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The speaker bought 15,000 shares in anticipation of a breakout above $4.50.
"I actually bought 15,000 shares for the break through 450"
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After initial gains, the speaker's position on VSS resulted in a net loss of $5,000.
"I make a little bit coming back up now I'm down 5,000 on it"
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Despite the stock reaching $9, the speaker only profited $2,379 on the VSS trade.
"this thing ends up going all the way to $9 and I only made 2,379 bucks on it"
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The speaker's trading account balance at the start of the day was $230,000.
"my account balance this morning is um $230,000"
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The speaker's trading account has increased by approximately 40% today.
"my account is up like 40% today"
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The speaker did not utilize their full buying power during trading activities.
"I never maxed my buying power I did not use all of my buying power"
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The current 'hot cycle' in the market is on its second day.
"we're on day two of a hot cycle"
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Tomorrow's trading plan involves starting with small positions (under 5,000 shares) to aim for a $1,000 profit.
"tomorrow the plan is as always starting with that first base hit less than 5,000 shares trying to make a th000 bucks"
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The speaker's maximum daily loss limit is set at $5,000.
"my Max loss is $5,000"
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The speaker achieved a peak of $130,000 in profit, while maintaining a maximum daily loss of $5,000.
"I peaked at 130 but anyways so I think that's awesome to have not been risking going down more than 5,000 on the day max loss"
Pending
Yesterday, numerous short sellers experienced substantial six-figure losses, ranging from $100,000 to $400,000.
"we saw a number of short sellers yesterday posting huge six figure losses $100,000 red days $200,000 red days $400,000 red days"
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For some traders, a single trade resulted in giving back a significant portion of their yearly gains, up to their entire year's profit.
"a day where you give back a third of your year half of your year your whole year in one trade"
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The stock ZJYL underwent a 20-to-1 stock split in November of the previous year.
"ZJ YL this is a stock by the way back November of last year... they did a 20 to1 stock split"
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The stock opened at $500 per share following a stock split.
"opened at $500 a share"
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A 10,000 share position in ZJYL could have resulted in a $4.8 million loss.
"a 10,000 share position could have produced a 4.8 million loss"
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A short selling strategy of consistently adding to positions as prices rise can be effective if the trader has sufficient capital to withstand potential increases.
"they typically maintain high accuracy shorting everything that goes up and adding adding adding and in a sense Here's the the the thing that's really interesting that that really does work very well if you have enough money in your account"
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Hedge funds were forced to exit positions when they reached their maximum loss limit of $6 billion.
"the only reason the hedge funds stopped out was because they hit their Max loss which was $6 billion"
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A strategy involving doubling down on losing trades, akin to the Martingale system in gambling, is described as potentially profitable if managed correctly.
"you can keep adding keep adding keep adding keep batting so this is the this is the strategy similar with um with blackjack with gambling where you you risk you risk $50 on the first hand you lose then the second hand you risk a 100 you win you make back what you what you lost"
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The speaker has personally experienced success with the Martingale strategy in casinos, where bet sizes progressively increase after losses.
"the Martingale strategy is basically every time you you start with risking 25 and then you risk 50 then you risk 100 then you risk 200 then you risk 400 then you risk 800 then you risk 1600 and I've been to I've been to the casino I've done this and I made money"
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A critical flaw of the Martingale strategy is the risk of consecutive losses, which can exceed table limits and prevent recovery of funds.
"the only problem is you've got to make sure the blackj table that you play on has a high enough limmit so you can do $3,000 on one hand because otherwise if you have The Misfortune of having one 2 3 4 5 6 7 8 losses in a row which can happen then boom you can't make back your loss"
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The described strategy involves doubling down on short positions until a reversal occurs, at which point covering the position leads to profitability.
"you keep adding and then you double and then you double and then you double and then on that final reversal when it finally comes back down you cover and you're profitable"
Pending
The ultimate risk of the Martingale-like strategy is hitting a maximum loss threshold due to an inability to continue adding to positions, leading to the complete loss of accumulated profits.
"boom unless unless you cannot afford to keep adding and you hit your max loss in which case you've got this track record of being profitable until that final trade where you lost it all and then you start over and then it happens again because it's bound to happen statistically it will keep happening that's the greatest flaw with that strategy"
Pending
Recommends 'Thinking in Bets' by Annie Duke, a professional poker player.
"Thinking in Bets by Annie Duke professional poker player very interesting book"
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Recommends 'The Happiness Advantage' by Shawn Achor.
"The Happiness Advantage by Shawn Achor"
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Recommends 'The Power of Knowing When to Walk Away' (Quit) by Annie Duke.
"The Power of Knowing When to Walk Away quit also by Annie Duke"
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Recommends 'Trade Mindfully' by Gary Dayton.
"trade mindfully by Gary Dayton"
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Recommends 'Had to Day Trade: The Plain Truth' by the speaker, Ross Cameron.
"bestseller had to day trade the plain Truth by Yours Truly Ross Cameron"
Pending
Trading involves inherent risk, and the speaker's results are not representative of typical outcomes; therefore, risk management is crucial.
"trading is risky my results aren't typical so manage your risk"
Pending