/biz/ - Business & Finance

>>16135290
That guy is a shell of his former self. Just look at his eyes

>>16135290
The same pitch as everyone else while claiming that everyone else is a snake, just like everyone else.

>>16135298
What are your thoughts on the Institute of Trading and Portfolio Management?

>>16135290
yeah, but in one of his videos, he literally says that day trading is a scam and brokers are trying to rip you off, and you can’t beat the market

>>16135298
That's what several decades of high cortisol production will do to a man. On the other hand, he's richer than anyone on this board.

>>16135411
but with the right education you can beat it ;)

>>16135290
You can find all 3 courses on the internet for free! Please here are WAY to fuckin lazy. I made a mega with all 3 & put in a /thread. No one wanted the link, the /thread fell into oblivion.

Have to say anyone that calls him a snake oil salesman hasn't put the time in.
I could post the link again, but I really don't want to help the Zoomers out, not that they would watch it.

>>16135461
you're saying you're profiting off what you learned from him?

>>16135416
He’s 40, why is everyone say he looks so bad?

>>16135461
Why does he never show the P&L of his trades? What is your track record after learning from ITPM?

>>16135411
that was the conclusion of an historical analysis leading to the present day in which bots and HFT make it impossible to be profitable on short time frames. the winning strategy is one of consistent profitability and risk management. go back and watch again.

>>16135461
mega pls. we're not all zoomers.

>>16135290
>if you can afford my services, you don't need them
>if you can't afford my services, you need them

Yeah, brilliant business strategy there.

>>16135290
Because daytrading by hand is a fool's errand, you're pretty much gambling.

>>16135846
maybe his course is the statement
pretty kino imo

>>16135793
I know, enjoy fren

https://mega.nz/#F!0SRC1YKL!rVqp1WtBUHsOKm-ig_KiMQ

To anyone else looking for an explanation, I've tried to many times...Zoomers ruin everything

>>16135887
fucking based, thank you.

This guy looks like he's about to go jerk himself off while reciting ever line gordan gecko had

>muh greeb is guud

>>16135887
thank you

>>16135846
well i assume he's catering towards retards and highschool/college kids

>>16135887
Thank you !

his TV show from the UK inspired me to get into trading

More important then technical analysis is risk management.

For example right now I am in a long trade on bitcoin.

entry is 9188
SL is 8850
TP is 10250
Can you see how the risk reward ratio on the trade works in my favor? It's 3:1.

Of course I can get stopped out and if I do boohoo it's a small lose and I have already account for it in my long term strategy. And if the trade is profitable I will make a good profit which I would have to lose three times in a row to get back where I am now which is unlikely but still possible.

That's why you trade small, often and with discipline.

Even if you just blindly longed and shorted Stoch RSI over bought and over sold signals (of course you would bias toward over sold signals in a uptrend but I digress) on low leverage and good risk management that made sure your winners were bigger then your losses you would probably do much better then most retail punters.

>>16136983
what is BTC keeps crabbing between 9k and 10k, then plunges below 9k again, huh? Huh?

>>16136983
If you want to make real, sustainable profits from trading you need to have the ability to stay in the game for YEARS. Most new traders blow their accounts up in less then 3 months and then think something like "durr I guess I wasn't meant to be a trader."

>>16136992
Then I get stopped out, but that doesn't hurt me. It also means that we would definitely be in a down trend for the next couple of months as that would put us below the 24hr 200 MA.

>>16137029
It would be like saying 'I failed my drivers test I guess I will never ever drive a car' or 'A girl rejected me once I guess I am destined to be forever alone.'

>>16137029
But you would lose a lot of time in vain while it keeps crabbing.

>>16136983
I do use similar strategies, but one thing that fucked me over more than once was huge slippage on the market stop orders. Meaning, a (even small) flash crash event executes the stops way too late.
How do you handle this?

>>16135290
I'm not gay but i would suck his dick for a low interest loan.

>>16137043
You could either just not use stop losses and just baby your trades.

Or you can try and place lower stop losses. If you place your stop loss where everyone else places there's then the bots chew though them and liquidations quickly.

Really you just need to account for slippage in your R:R That's why I tend to go for a 1:3 as the more trades you try and make to make smaller profits the more opportunities you have at getting stopped out.

>>16135887
Thanks Fren!

>>16135887
ok i just finished watching the forex and options course. The options one was quite interesting although quite basic. Forex one is completely outdated and doesn't work. You need leverage to trade on that market.
All in all, Kreil is a charlatan

>>16137386
Why would you say the forex is outdated? I know a couple of the videos are, but the rest the info is still available.

You obviously need leverage to trade fx, hence the pip BS

>>16137467
most retail forex traders these days are actually doing so algorithmically - as in they are programmers who are trading huge volumes. Kreil's techniques are still derived from back when he was a flow trader at Goldman.