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90010 No.90010[DELETED]  [Reply] [Original]

http://www.youtube.com/watch?v=59dKmTw_fPs

how does one average person trade like this?

>> No.90063

>>90010
>implying I have $100k to spend on a single stock

>> No.90096

suvivorship bias. retail day traders generally have no edge.

>> No.90322

>how does one average person trade like this?
His strategy is pretty simple tbh, I followed him for a while and lost interest.
I cant see it very well but looks like he shorted 200 shares at average cost of $424 ? That's $84,800 in market with an ~18.2% profit. Not bad, but nothing special IMO. I usually make a ~20% day trade each week. Yesterday got 34% from a trade.
Some days I'll get lucky and get a >50%+ but they are rare for a 1 day trade.

How to ?
1. Spend the time to learn it. For me it took over a year to define my strategies and learn from mistakes.
2. Be prepared to pay for an education. By that I refer to losing money on the market to learn from your mistakes. I lost about $10k on my first attempt then I figured out what not to do = what to do.
DO NOT pay some marketing douche $$$ for his "master trading strategy" unless they;
a) show you proven track records of their trades (including losses), and
b) teach you how to do it properly - not just copy their trades.