@@dadbodenvy4247 Not necessary, it's a recurring statement among professionals. They figure out strategies at some point and they just become unusable as more people start using them.
"I'm a medical guru. I'll teach you to treat people without going to medical school! I never lost a patient My patients live forever!" That's how ridiculous these gurus can be.
@@oliverdurgen5953Id say its pretty true. Look at these cryto/investor/influencers who give "advice" on how to become rich. People buy their "classes" or "lessons" in hopes of getting rich. The influencer doesnt have to take anyones advice on how to make money because they have these sad, down on their luck, souls giving them money
as a trader for 19 years, i can attest this is the best info on systems and gurus. 99.9% of them simply don't work consistently. If they can provide an 'audited' p&l with at least 2 years of consistency, then try it out with small position sizing. If they cannot or will not provide 'audited' p&l's ....RUN.
I mean it’s pretty obvious, if they were making so much money trading, they would do that or better yet, create a fund and trade other people’s money and just make millions off the commission.... all IF they were *that* good at it.
@@blacklite911 a retail trader can't easily switch to creating a fund, is a different set of skills, retail traders depend on liquidity, it's possible to make on couple hundred thousand or even couple million a year as really good retail trader, but it doesn't scale up if you have millions or hundreds of millions of dollars, there's is not enough shares to get in an out of a stock without you moving the stock and getting stuck with a huge position unable to sell to the market
Love this interview. I think the industry needs to setup a trading educator association and to be listed you need to go thru a 3rd party audit of your results. Clean up this industry
The guy is showing his returns on 4 trades of each around 20 days with 1% return, and extrapolating that to medallion fund level returns, and he is selling a course for 1500 dollars for that system, if this guy was legit he would just open a hedge fund and raise 100M+ easy, Coffeezilla just got played.
Karl Domm: - Sells a $1500 course - Writes books on trading - (Alleged) retail trader for 26 years - 2008 blew up his account for the 6th time (13 years ago) - Started a $1200 gofundme to buy himself a course
And don't forget that his course and his method is a copy cut (copy and paste) of Trading Dominion course done by Ron Bertino, and i don't know how he is allowed to re-sell it kkk What they do is, they copy someone else strategy and give different names to it, which is just iron condor and iron flyers, that's all .. Don't buy any options trading course from anyone on youtube because everything these people sells online, you can learn for free from tastyworks .. They just copy and paste and change few things around to sound something new ..
@@REALPLSHOWN But you're making people think that you have a winning system, which nobody knows if it actually works as well as you lead on. Btw, I have my own holy grail trading strategy that beats the market and you can buy it from me for only $1000. There's no refunds and I can't offer any proof that it actually works except a spreadsheet that I made of backtesting which may or may not be hindsight biased, as well as about a year of live results where I tweaked the rules a few times...again in hindsight. I'm able to outperform 99% of hedge funds yet instead of starting my own fund I'm gonna be so kind and sell you my strategy instead. Interested? Thats basically what you're doing.
Like yes you showed your real P&L but from what I saw it looks like you only made 22k in the 2nd half of 2020. Thats 44k/year, I mean slightly better than McDonalds, but only slightly. Is that really worth a 1500$ course? I mean no one really cares if you show a real P&L if its a crap P&L. I just find it ironic that coffee is interviewing you like youre completely legit and ross and tim sykes and company are all the posers, but if anything its the other way around.
Honestly, the only way to have PnL verified is to have the last quarter/year audited and have the same account audited for the next quarter/year (ideally covering more the 1 market regime). And the audit must come from a big firm like EY or KPMG and verify the the actual trades individually, not only a periodical PnL. Anything less is prone to shenanigans.. problem is that kind of audit is expensive so you wont see "gurus" spending that cash when people are buying their courses anyways
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
As a law student I Can tell you that such a clause as you mentioned is not enforceable. Basically any contract you make as a consumer is unenforceable in a court and that is because consumers don’t have the legal knowledge to understand these contracts. Commercial Law 101
Is this the coffeezilla channel lol? Karl Domm: - Sells a $1500 course - Writes books on trading - (Alleged) retail trader for 26 years - 2008 blew up his account for the 6th time (13 years ago) - Started a $1200 gofundme to buy himself a course
My favorite move they do is "We turned $400 in to $40,000 in 3 months". Step one, deposit 400 every day. A real increase of 10% in 3 months is pretty fantastic, but it's no 10,000%.
I think there are a lot of channels that show their PnL. I personally show my profits and losses on my channel, but we just don’t grow to be the largest in the niche so it only looks like nobody releases how they’re doing. It also doesn’t help that the largest channels appear to make hundreds of thousands to several millions meanwhile I only make thousands. Who wants to watch someone make $5,000 in a month when there’s somebody making a million?
I just started watching him recently, but now I am curious about this. Because there really doesn't seem like there is really any possibility to live stream what you are doing without doing this even if it is to help others learn. Seems like good content to watch, but maybe just not doing the live streams and "following along" or something. I am curious to hear from anyone who has actually taken his courses. He does however seem to show his P\L statements.
Any time I watch a RU-vid video with someone doing an interview, my father insists on knowing what mic the person is using because henspent 30 years in radio. Apparently your Shure gets his seal of approval. Congratulations.
Great interview. It would be great if you could use your detection skills to find the legitimate People who really provide what they are selling. I think everyone who watches your channel assumes everyone is a scammer and that everyone is out to rip them off.
Because everyone offering courses IS a scammer. The legitimate people don't have courses. They might write books, make free videos, cuz the truth is it takes a lot of work to learn this stuff and it can't be simplified into a few weeks course. Just read books. Lots of books. Watch real finance people and remember the source of all the info you're getting and take it with a grain of salt.
@@nicoledoubleyouI know I’m a year late but this is absolutely the truth, there is no secret sauce to this game. It’s about culminating as much knowledge as possible and taking everything you read with a grain of salt, learning through a mix of trial and error, and pure research.
I would like to see an honest list of their expenses. These gurus love to show income, but how much have they spent on writers, editors, AI bot services, managers, photographers, videographers, virtual assistants, advertising, equipment, actors, etc.
What’s really strange about this guy, when you asked him to name some of these scammers, and he claims he can’t due to “Legal” reasons. That’s absolute bullshit right there. You should know that best…
@@mrtee3477 Think logically? Okay... Why would you waste your time teaching medical students as a top surgeon? Why would you waste your time teaching students as a top lawyer? Why would you waste your time teaching anyone when you are really good at your job? Your logic is so logic, teachers of any kind wouldn't exist. Warren Buffet has personally taught people, but logic? Right?
I agree...both clueless. You can make $ day trading...i do...but it took me over a year of endless practice on a simulator. I trade 30 minutes a day and done.
Yeah in all reality coffeezilla has no real idea about how the markets work, he may have just started investing in the last year or so since his channel started picking up
@@paultritle9494 you don’t make any money trading for 30 min, what kind of extra chromosome shit is this? Markets peak around noon-1pm. Stop lying bish.
Here's are the simple points I ask myself when I listen to these investment course adverts. 1, Why do you want to help ME? 2, If this system is so easily repeatable and guaranteed money, why don't you just scale it yourself, my course fee can't be as good as your potential gains, right? Stay skeptical...
These guys ruin it for the rest of us. I trade options for a living and people still call it a scam. When you tell someone you make 2-300 or sometunes...1-5-10k in a day they automatically assume it's a scam.
I think people assume that the figures you tell them are like a regular job, in that you don't risk or lose money at a regular job. I imagine that's why they think it's a scam when they hear someone pulling in 1k+ on a given day. I've not traded options long, mostly double diagonals before earnings. I'd like to start trading index options more regularly. Are you mostly trading equity options, or something else like options on futures?
@@sebastianapolo8515 not a lot. With options the returns are better. I risk 100 to make 500 or 500 to make 2000 ect. VS penny stocks or the like where you need to risk 1000 to make 100 or 2000 to make 500. I make 100- 500% returns on my trades most times. Not 500% of my acct. But 500% of what I use.
@@sebastianapolo8515 that's why I chose to learn options I didn't have a ton of cash plus I don't like risking so much. If you haven't learned them you're def missing out man. Honest to God. My best play was like 280 bucks into 2700 from Fri to Monday hold. Gamestop options the past 2 weeks were making millionaires. You had to be in before the initial push to catch the IV spike but people used 100 to make 5000. Some of the options no BS were up 80,000% in a week. I have screenshots cuz it was so insane
@@trashtyrant750 i trade options on equities. Sometimes I trade actual shares on low float penny stocks to play the pumps but mostly blue chip options that have a lot of volatility. Like ZM, TSLA, DOCU, PLTR, LAZR, CRSP and the like. They have potential to move 10-50 per share per day and that's where the money is. Traders thrive on volatility since we make money in any direction.
All was really accurate but the part of technical analysis. The problem people make no money is that they don’t put the work and want the easy route but the information is out there and thru study the patterns can be recognized. Just research breakouts and pullbacks. And they are countless of people that don’t sell any service and are successful in the markets. However very few people are willing to put the work and outsiders who haven’t been involved look at it as bs.
Show a legit document of the tax audited PnL but also use verified trading report services like fx blue, my fx book, etc. Make sure they have 10 years consistent performance and lots of successful account records. Things like winrate, expectancy, drawdown, number of trades, avg trades per year, expectancy, risk per trade, Sharpe ratio, risk of ruin, and other important stats.
what i find interesting is that i dont find any comments here defending lets say ricky gutierez or any other guru... but when i go to their channel you find tons of supportive comments and believers
10 years of 0% interest rates and money printing no end. The 10 years Bull Market what is called the golden age of trading. Stocks just skyrocketed many 100%
His course price ends in a 7, he promises outsized returns, he has a secret system... guru checklist ticking off the boxes. Interesting take on marketing though, align yourself with the scam buster crowd, denigrate your competitors, use your age and overall nerdiness to lull your victims into thinking that you're different. If you can get past the recency bias of most young FOMO chasers, using your age and the fact that you were "trading online since the early 90's" (E-trade started in 1992), it can add a certain level of gravitas to the guru pitch. So, in his own words, there are plenty of free courses and inexpensive books you can purchase to learn what you want to know. There is no success without effort and sacrifice. Get to work.
Transparency is important, watching finance youtubers is annoying because they say look at my $1,000,000 portfolio but they don't show how much money they deposited. They could easily have started with $2 million lol
@sam chump Markus is actually good in my opinion, but I don't think he is a great value on the products he actually sells. Sort of like the valuation of TSLA. TSLA is good and Cisco for example was good. But just because someone is good doesn't mean they are a good value or the stock value is good so to speak. In my opinion in order for Markus to really be good he should start a prop firm. Markus is basically about as expensive as Maverick Capital without the opportunity to trade firm money(or own an equity stake in the firm) I am profitable trading the wheel, while sometimes working in a strangle or straddle, and in my opinion 90% of what he says is good advice, and very much in my trading style or comfort zone. The only downside on Markus is that he does not count his unrealized losses as P+L and obviously if you are collecting premium weekly on high IV stocks and counting this as Profit in a 250k+250k margin account you are going to have great numbers! The thing of it is, is that Markus advertises this great autonomy, but no prop firm would let you trade this strategy, since almost everyone I am aware of would make you take stop loss on the puts. If Markus would copy the fee structure of Maverick Capital and open himself up as a prop firm I would gladly trade his system which is close to my own. Markus is good, but his tools are too expensive for 95% of his youtube watchers to ever profit from.
@@pdcdesign9632 that’s not how stock market works. If you teach your strategy to others, it doesn’t make you lose. There’s lots of volume in the market. People who think stingy like you will never get rich.
Karl Domm, aka Real P&L is total BS. Been SPAMming me with his own $600 "course" ever since getting my email. This video was obviously sponsored by Karl Domm, but there's no disclosure of such by "Coffeezilla". Guess that means Coffeezilla is BS too. But I think we all(reasonable people) already knew that. Where's the transparency?
One time I went to a seminar at a hotel when I was 18, they were selling a stock trading robot… I found it fascinating… But no one could ever answer the question… If the stock trading bot works so well… Why are you selling the bot in hotels to random people? And not just using the bot just to make money, wouldn’t that be easier? The answer, was because they just wanted to help people. City to city, hotel stay after hotel stay. Just helping people. Same story 18 years later, nothing new… If you can’t see through obvious BS… It will not serve you well in life. Greed is consistently, the downfall, of most victims in these con games. No one wants to hear that they can make an average return 6 to 8%… They want that 100x gucci money now...
Some people like to teach and if they can make money mentoring people and teach others to fish, why not? The software may be a scam but even if it worked it doesn’t scale. At some point you run out of liquidity.
@@TachoSJ b.s. if those people really get rich by those method, they wont go around telling people. At least not the key knowledge. No one likes competition. 😂
Karl Domm, aka Real P&L is total BS. Been SPAMming me with his own $600 "course" ever since getting my email. This video was obviously sponsored by Karl Domm, but there's no disclosure of such. Guess that means Coffeezilla is BS too. But I think we all(reasonable people) already knew that...
Dude, you just brought on a guy who is selling a course for 1.5K USD for an options trading system he is claiming will create returns similar to the medallion fund (you should know what that means, if you don't, look it up), and he is basing this on forward testing with 4 trades with a 20ish day 1% return, which he is extrapolating out to reach those numbers. You just got played by a real player, this guy is someone trying to create fake legitimacy around his course, and you just handed him tens of thousands of potential clients as well as your personal legitimacy as someone who is supposed to be cynical and spot scams. I like your videos but you have to take this down and consider making a video apologizing to your followers and urging them not to buy his course.
@TheCanMan Can Since 1990 one of the most annoying things is people that started trading within the last year thinking they're stock gurus now saying "oh this is easy look how much money I made!" well duh all the stocks were 50% off in 2020 😂
@TheCanMan Can Since 1990 i feel you bro it was a rollercoaster year for me, i made huge gains a few times to double my portfolio but never took most my profits lol im new though and learned a ton this year so it is what it is
So when I was young in the 90s, we had a family friend that was a day trader. He explained it to me this way. Trading is gambling but instead of playing just one hand you are playing ten and your aim is to win at least 6 out of those ten hands every day. Today this same person is a multi-millionaire, but he had to work his but of to achieve that over 30 years. He has always encouraged me to do some trading but never make it my career. Today I am very happy that I spent a week with him when I was in school to just understand how margins and leverage works and it has made me get that get rich quick in trading is not possible and what returns can be guaranteed within reason. Above all else trading is not easy money.
@@sethmcgregor5086 but do you have any money to take advantage of it? All the legit daytrading rag-to-rich millionaires I' ve seen had one common strategy: they used somebody else' s money. They either got jobs via interviews or connections, to work in bank and hedge fund. It is the money from the bank clients that they use to trade, and earn bonus if they are successful. I' ve got relatives and aquaintances that made profit from selling Tesla and Amazon stocks. None of whom do it full time, or make significant riches. That is simply due to the fact they don' t have as much capital.
My god. I was considering at looking into some of these trading courses soon. This video couldn't have came at a better time. Thank you. I was always curious about these Guru traders stepping away from trading to teach 24-7.
I wish this was on Spotify, doubt you’ll see this but it would be awesome if you made a Spotify with full interviews like this I would listen to it all day.
@@tehKettyBear , between this comment and your others, I'm getting heavy scam/fake guru vibes. You're selling the dream of low effort and high returns. May I see your audited P&L?
It actually blew my mind how rampant this is, and how many 'trader' micro influencers are doing it. There are simply no silver bullets to solving life's problems, no get rich quick scheme that works or is sustainable and most people selling you stuff are making their money selling shovels vs mining gold. Love your content Coffeezilla!
The Silver Bullet is work your ass off until exhaustion, and most importantly always be back testing new strategies because markets evolve to efficiency (No trading edge strategy works over the long run).
@@kailianglf2 They wouldn't need to sell courses pretending they're "gurus" of trading if they were making money doing so. You don't see multi-billionaire hedge fund managers selling courses...because there's just industry secrets and effort you don't give away.
That movie is fake. They got famous by using millions of loan money and spamming the name everywhere using celebrities on TV. It is all fake numbers too, they admitted it on their stock calls that 100s of millions of accounts are duplication or bots.
@@adequatequality "You don't see multi-billionaire hedge fund managers selling courses" you said.. uh dude, have you not seen how many billionaires have books on amazon? And people only buy it because they claim to be billionaires and richer than they are. Courses are sold, just as books.
Here’s the simple question : if someone claims they’re good at trading and making money, why do they need to teach that to earn a living? Damn scammers..smh
I don't know about this guy, he sells a course and also doesn't name people which makes it weird cause ur suppose to be exposing these scammers not giving them a platform.
The guy is showing his returns on 4 trades of each around 20 days, and extrapolating that to medallion fund level returns, Coffeezilla just got played.
? Selling a course doesn’t automatically make you a scammer though. It’s way deeper than that. Certainly not defending this guy at all though. Idk this guy lol
Selling a course is not necessary bad and $1,500 is the same price as a college course. If you can view the course curriculum ahead of time you can tell if $1,500 is worth it. It’s $1500 of knowledge not $1,500 so you can turn that into $100,000. He makes no such claims and isn’t lying. This video is talking about people who straight up lie and just give out bs trades ideas and people follow them.
Questioning a guru's performance and asking a P&L will result in the fanboys tearing you apart - and the guru banning you. They're begging to be scammed. They want to be sold the dream. A good Instagram with cars, mansions, and girls will always be 100x more powerful than a track record.
You can go through that effort but it takes a meaningful amount of time to list out trades entries and exits. There are still ways to verify your account history through online sites and live tracking of a designated account.
Yo, swag Academy just announced on his channel that he’s making a video to you and make you “regret” posting about him. Keep an eye out and do a reaction to it when he posts
@TheCanMan Can Since 1990 have you looked at the amount of winning days of retail vs Wall Street on a yearly basis? Wall Street seems to be playing a different game... they are just saying be careful.
And don't forget that his course and his method is a copy cut (copy and paste) of Trading Dominion course done by Ron Bertino, and i don't know how he is allowed to re-sell it kkk What they do is, they copy someone else strategy and give different names to it, which is just iron condor and iron flyers, that's all .. Don't buy any options trading course from anyone on youtube because everything these people sells online, you can learn for free from tastyworks .. They just copy and paste and change few things around to sound something new ..
I'm not from the US but I did take a couple of trading courses where I live. The guy taught us how, not what. He never suggested a trade, he taught us how to read the market, etc. He also told us on day 1 - don't read articles about this stock or the other. They have an agenda. If a trading teacher suggested a trade, I'd get really suspicious and definitely not do a trade without reading the graphs first.
One of these crypto youtubers had an ‘anime’ channel, this time last year. My rule of thumb is that if somebody speaks like two overlapping radio adverts at once, go short on their motives. Nice work. Peace ☮️
The problem is, the guy in this video also sells his trades. Anyone who sells their trades is a scam. If you actually had an edge in the market, you would start a fund rather than sell your trades. The guy in this video is a wolf in sheep's clothing. I'm surprised that Coffee gave this guy a platform.
4:55 - The moment you find out he's just as full of it as the rest of them. Get out of here with that "I found the REAL secrets in this ONE SPECIAL COURSE" BS
The guy is showing his returns on 4 trades of each around 20 days with 1% return, and extrapolating that to medallion fund level returns, and he is selling a course for 1500 dollars for that system, if this guy was legit he would just open a hedge fund and raise 100M+ easy, Coffeezilla just got played.
Unfortunately, I invested over $13K in Raging Bull's Elite Lifetime Membership and took the exact trades Jeff Bishop was taking and lost another $9.5K. At one time I saw a live stream where he actually showed his account and it was down over $150k. They wouldn't even refund me the cost of my membership after they got sued by the FTC. They said it was not a refundable purchase according to terms. I've thought about filing another complaint against them.
“How did that guy make 1.6 million in the same time period?” Easy. He bet against his fan club. Buy a cheap stock the day before, then alert your fan club that it’s shooting up the next day. They buy, and you sell. Classic.
I was a floor trader at the CBOE for six years and I'll give the only advice that works and it's free. Options buyers lose money and sellers make money. Few exceptions but majority of the time this holds true. There, now you know everything you need to know about options.
As a data analyst, and algo developer, the simple explanation is the expectation value which will be negative dur to the fact that R:R us usually lower than 1:1
Agree the most part. My most profitable strategies have been....way out the money /ES strangles, credit spreads, Iron Butterflys and Broken Wing Iron Condors. Colleting Theta Decay is DA TRUTH!
This is exactly why I don't even bother considering 'courses'. Anything I can learn I can just research/learn myself. I don't need to feed into scams to learn that people have malicious intent and wanna use their following to rip others off.
1) you can photoshop a p&l 2) this guy is selling a course so conflict of interest 3) he literally is the shill that he’s calling out Surprised coffeezilla didn’t look up this dude
If you know you are gonna have a good career, solid wage etc then market returns of S&P500 is gonna be fantastic for your purchasing power during the span of a lifetime. But if you work a low skilled job with stagnant wages you really aren't helped much by getting a 5% yearly return of the little money you have left every month. That's what it comes down to in my opinion, if you have no money to begin with extreme risk taking looks more attractive.
It's been an entire year since this vid came out. I want you to know this vid is still doing good work and it helped me out substantially. Thank you coffee!
I can't believe that people actually believe that real actual billionaires and millionaires would give away their secrets to making money, like they want to dilute their income stream.
He is too seliing $1500 course and with statement: If You Can Follow These Five Simple Steps You CAN Make Money Trading Options And this automatically question his credibility.
yeah i thought of that and came to the comments as soon as he didn't want to start, "naming names of people". Im like... isnt your whole channel about exposing these guys, but now you don't want to talk about them on a larger channel?! What?! Shady...
I remember that guy on the thumbnail. I saw his RU-vid ads and checked it out. When watching his "live webinar," it was clearly prerecorded, but he was acting like it's live. He said to hold questions til later, then at the end he said he had to go. Then he gave a link to one of those fake scarcity "buy now!" webpage of his course. I didn't buy, of course.
Coffeezilla, it must be the daily video posting that's clouding your judgement, you dropped the ball on this guy. "26 years options trading" and blew up his account in 2008! What was he doing for 13 years 😂😂😂 real traders do not sell courses!
They will when they start making enough money to just lounge around the house all day and they'll get bored and want to spend their day doing something else. Many wealthy people like to create multiple streams of income. The problem is there are some people out there selling expensive courses that don't actually teach people a skill. Selling a course that actually helps people excel in the market is not the issue. It's just like paying for a college tuition. Knowledge can be very powerful if you apply it but it takes money to make more money.
You’re naive to think trading is easy. I heard it takes people 5-7 years to be consistently profitable in the stock market. This guy took 13 and I’ve heard of that too. It’s not uncommon. You talk like you’ve never really traded.
Buying low volume options and then telling other people to buy that same exact option so you can sell when the volume is higher than it was before you put out the alert, sounds smart.
In my opinion the only credible channel is Trading Rush. Its just all free content on youtube and he tests other people's strategies to figure out the winrate and if its profitable or not
This is the only industry where the laymen thinks they can do better the professional. I’ve never seen anyone questioning a surgeon, trying to get discounts, and then deciding they can learn how to operate themselves on RU-vid 😂
I don't think so haha. Love the analogy but anything that isn't physical life or death, many do it. Even with minor "surgical" procedures like cysts or some type of cutaneous removal, teeth pulling etc, people will often figure out how to do it themselves. Most are just babies when it comes to pain at the end of the day and losing money may make you wanna cry, but pulling your own rotten tooth might make the strongest man cry 🤣🤣🤣
80% of funds don't even beat the market. I get what you are trying to say with this analogy but even the "pros" are making their money off of management fees and not actual trading.
@@sinez999 make it like 95% (at least over a period of 5 years), but this statement is soooo true, the more assets under management the more fee they collect
The more i learned about trading on the stock market, the more i realized its kind of impossible to have black and white rules and "trading strategies" simply because chart patterns is not the one and only rule when it comes to charts. There are more to it. Psychology of other traders, past news, present news, rumors, upcoming news, tweets from people working on the companies etc, so many factors that will change the direction of the charts, and on top of this, most stocks seemingly follow the indexes apart from those that have an underlying hype from other reasons then the market direction alone. The only thing you could learn from a "course" of any kind is all of the different factors that could affect the market any given day, then its up to the individual investor/trader to use this knowledge in order to make his own plays. Stock trading and investing to me is basically advanced gambling where you can affect the outcome in some way and another but the end of the day, outside factors will beat you to some degree, and what differenciates the best traders from the worst ones are how you mitigate losses. The better you are at mitigating losses, the more profitable you will be in the long run per automatic. I like the stock market, its the wild west of economy. The frontier. We are all here to make money, and its not easy. Far from it....
Best answer I've read yet. I 100% concur. I don't subscribe to a strategy anymore, I simply trade off price action and structure. While mitigating my losses and letting my winners run and trailing my stop loss. Its a game of numbers and percentages. And the patient trader always comes out on top.
