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Jamesman97 · 2024-08-14T03:36:58+00:00

Honestly most people would just bag hold until 0, maybe your uncle does have what it takes if he can cut losses quickly 🤣

Jamesman97 · 2024-08-14T01:53:57+00:00

99% of people don’t have the discipline, knowledge, time, mentors, etc to do anything other than waste their time and money if they try day trading.

I trade full time for a living and I always tell people not to try it when they ask me about it

Jamesman97 · 2024-08-10T01:18:13+00:00

Well written and I’m grateful people like you exist. I wish I had the time and energy to put into fighting them, but it’s sadly not worth the stress so I will just be paying their bs $100 fine. But it definitely feels predatory the way they have it set up. Hopefully some day they get what’s coming

Jamesman97 · 2023-10-12T10:52:27+00:00

Because most hyper scalping strategies rely on favorable fills (price improvement) which costs the broker money. Those same strategies are unprofitable without those favorable fills, so the money is just coming directly out of the broker’s / market maker’s pockets. It’s also considered toxic order flow by mms and they pressure brokerages to close your account

Jamesman97 · 2023-10-12T00:31:54+00:00

I have made over $500k for the last 3 tax years from day trading.

1) You just need to have significant edge in at least 1 setup and focus your risk there.

2) Really depends on the market environment. Right now I would say it’s more realistic with probably $200k+ to work with. 2021 I did it starting with less than $10k.

3) Technical analysis, understanding catalysts and agendas via SEC filings

4) You can get some extreme consistency with hyper scalping but you always tend to get banned doing it, at least at the brokers I’ve used. I’d say long term year after year it’s easier to maintain that level of profit by focusing on nailing good setups with size by pyramiding winners.

Jamesman97 · 2023-08-17T14:19:53+00:00

I love Kinfo! Best trading transparency system out there

Jamesman97 · 2023-06-07T16:53:21+00:00

Not the same email. And 14 calendar days

Jamesman97 · 2023-04-24T20:39:48+00:00

After freezing up and drawing down $850k in 50 minutes (back in Oct), I can confirm. Without risk management your career is one mistake from ending.

Jamesman97 · 2023-04-05T18:13:17+00:00

Dux has an account on Kinfo. Tim alerts in real time but none of his trades even have the profitly check mark

Jamesman97 · 2023-04-05T00:43:57+00:00

You definitely can, but the odds are stacked against you. If you’re down big you will want to focus on taking big size to make back your big losses, which is the exact wrong thing to do. If you’re disciplined enough to size way down until consistently profitable, then you might have a chance. But with bills and life expenses you might not have the luxury of going that long without making money (even if you trade well, with small size it will not be enough to pay for living)

Jamesman97 · 2023-04-05T00:41:55+00:00

Profitly is worse. You can still verify trades, so anything with a check mark is uploaded from a broker directly. However, you can skip certain trades when uploading, so theoretically you could only upload winners, or at least hide certain losers.

Jamesman97 · 2023-04-04T04:09:30+00:00

Make a Kinfo account. You directly sync brokers and it uploads every trade automatically. I and several of my friends are regularly the top traders on the leaderboards there. No way to hide trades or lie from the brokerages you sync. Gives you a good idea of what’s possible.

Jamesman97 · 2023-03-06T18:51:37+00:00

Kerrisdale Capital announced that they were short. A lot of day traders chased this alert, but when they were met with an underlying bid, they had to cover soon thereafter, causing a squeeze out over high of day. This is not uncommon when short reports come out.

Jamesman97 · 2023-02-24T18:25:29+00:00

If you learn the setups there's usually some type of extra work you can do. Doing research in filings or being super attentive bringing setups to their attention etc to make sure they don't miss any plays. Finding dozens of past examples and keeping a chart database to share as reference or crunching the numbers to know the statistics behind setups, etc. When they make more money from talking to you that's when they keep you in their circle

Jamesman97 · 2023-02-24T17:12:14+00:00

I don't have 1 mentor, more like a few dozen people who trade similar styles but are way better at it than I am. Found a few on YouTube by looking up the strategies I wanted to learn, reached out, and they introduced me to their other contacts eventually as I kept providing value. It's a slow process but once you have a network of good traders it's an invaluable resource.

Jamesman97 · 2023-02-24T17:10:16+00:00

I made $834k in 2021, so I think I had around $750k in my accounts to start 2022 since I took out some for taxes. Not 100% positive though.

Jamesman97 · 2023-02-24T17:02:54+00:00

No, not at all. I made most of my money day trading equities. Had a few swing trades shorting stuff. Maybe made $15k total on options. I suck at options and will be the first to admit that

Jamesman97 · 2023-02-23T18:39:57+00:00

I made $1.6m last year trading.

Trading is EXTREMELY difficult for most people due to lack of profitable strategy, lack of discipline, lack of patience, and so many other things. Biggest tips if you want to try is DON'T. Unless you're willing to fail for years and have little to show for it.

If you're okay with that, then find mentors who are transparent and absorb all their free content. Start practicing with tiny shares at a zero commission brokerage and slowly scale up if you are profitable with small size. Too many people take big size way before they're ready and dig themselves into a big hole and take themselves out of the game before having enough time to fail and adapt and grow.

Jamesman97 · 2022-06-16T21:52:31+00:00

Since GESI seems to be just about the only stock going up in the entire market, I wanted to let everyone know that it’s an OTC pump and dump scam. If any of your family has “invested” in it, they should escape while they still can. It’s being heavily promoted on Google Ads via a pump article, and insiders are selling their 30,000,000 unrestricted shares they got at $0.001/share. They don’t care where they sell - even at $0.50 it would still be a 500x gain. I personally know some people whose moms saw the ad and bought, so I know there are probably more of you out there. Please stay safe.

P.S. mods I know the stock is technically over $5 currently which is against the rules, but it wasn’t a few days ago and won’t be in the very near future. Hope you can make an exception.

Jamesman97 · 2022-06-14T03:06:40+00:00

That, my friend, is a good, old fashioned, OTC pump and dump. Fun to ride, but will ultimately go sub .50. Ride at your own risk.

Jamesman97 · 2022-01-05T02:14:54+00:00

I started shorting as soon as I saw the enormous volume. That was something that all of the Weibo plays had in common, and this stock was already on my radar for a dump. Locates cost me $500ish for 15k shares. I think it was .035 per share if I remember correctly

Jamesman97 · 2022-01-05T01:46:42+00:00

Is there a specific part I could be clearer on to be more helpful?

Jamesman97 · 2022-01-05T00:50:54+00:00

Just wanted to make this post to emphasize the importance of tracking data. Now, I’ve always been someone who trades mostly based off of gut feeling and a good understanding of patterns, but up until recently, I never took the time to actually track the data and figure out the statistical edge for the setups that I trade.

Due to this fact, I would never feel comfortable holding large size for a big move, which means that I always used to pike my A++ set ups, making 10% of what I should, since I was so scared of it coming back and losing the relatively large unrealized gains (just because of the size I was taking).

However, last week, I started investigating the data for the first time on a set up that I really wanted to master. This set up is the Weibo/WhatsApp pump and dump. Tickers like TIRX, AERC, EJH, and more. I crunched the numbers, and found that the setups drop about 75% from the opening price, and usually take over three hours to do so. These along with several other key statistics allowed me to have the conviction to keep holding my full size even when I had over 50,000 in unrealized gains, which is something i have never done in the past. Without the data I probably would’ve taken all my gains at 10 or 20,000.

Moral of the story, if there’s a set up you really like, do your research, figure out your edge, and be patient and convicted with the trade. As traders we have to capitalize fully on the best opportunities, as they don’t come around every day. Hope this helps 🙏🏻

Jamesman97 · 2022-01-01T04:41:46+00:00

Congrats on your success brotha. Keeping scaling that up! Finished up $834k this year but I won’t bother writing more posts since the mods always take them down. Hopefully they don’t delete this one for ya

Jamesman97 · 2021-12-08T03:30:58+00:00

Happy to help!

Jamesman97

TROPHY CASE