If you have been here through the years, through the monkey, and monkey’s den and to the site now, then you know me pretty well. It’s been 28 years of running the site.
You know one of by biggest things in life is stock trading. I’ve been posting there and giving things to people for nearly 30 years now (the site network came online 28 years ago). So you have seen all my things. My $500 challenges, my $5,000 challenges. I’ve been hugely up front about my obsession with Coca-cola which has made me $1 million. I give you my big hits. I give you by big kicks in the nuts. Anyone remember BITO from a year ago paying 125% dividends and then the stock CRASHED and they stopped paying dividends, and I went for $50k and $6,300 in dividends, to $6k and zero in 3 months?
Yeah I’ve always been honest.
One of the things now days that absolutely infuriates me is all of these stock “gurus” and “influencers” that are online. 3 years ago these assholes did not exist. Now they are everywhere. And they are sucking millions of dollars away from blissful idiots on a daily basis.
These stock gurus are the same docuhe bags that 2 yeara ago were crypto influencers, then lost all their money, and before them were pimping out NTF’s. And lost all their money. They are get rich quick assholes, who do not have any idea what the fuck they are talking about, but through instagram and ticktock manage to make dozens, hundreds, or even thousands of idiots give them money to be sold a pile of shit.
It kills me watching people liten to this stuff. And the sad thing is, there are basically just about as many kids finishing college looking for an actual job, than there are morons who pissed away their college money buying prop accounts and blowing all of it.
When it comes to the stock market, you have to be REALLY damn careful. But none of these kids are. They see it as some sort of get rich quick scheme, which it is not. And all of these dipshits on Instagram and TikTok sell them a bill of goods, and people eat this shit up.
Lets be completely honest here, and look at some rules.
Prop Firms
Seriously. The first time some guru even breathes the word prop firm. Shut that shit down. No honest trader is going to be using a prop firm. Look, if I’m a successful trader. Why in gods name am I going to give you $100+ then spend days or weeks trying to pass your stupid challenge where you want 8% gain which I get none of, THEN once funded give you 10-20% of my gains?
You fucking kidding me?
If I have $5,000 in capital. If I make 8% in the first month. That brings me up to $5,400.
But I lose all of that, plus have to pay you $100, so even though I made 8% in a month, I’m $100 in the hole. Now I have to made $500 or 9% in the next month, just so I can get a $250 payout? I’ve literally set $800 0n fire.
If you are a TRUE trader, you can use small capital, grow it, and then over time have big gains where you keep ALL of it instead of giving part of it away. In The time you spend with the challenges and shit, and PAYING them, you could have taken actual capital and made enough to start scaling up. You’re giving money away
And other thing is people talking about “blowing out accounts” umm. WHAT? No. NO NO NO NO NO. There should never, ever be a scenario where you blow out and account. Ever. Not even once. If you blow out and account, even once, you’re not a skilled trader, you are a gambler.
I will trade things that are WAY more than you’re stupid $50k funded account, But I’m not stupid, if I have a thesis on my trade, and it turns against me within 2 minutes I’ll get the hell out. Any person who ever blew out an account is completely unacceptable. I’ll do $100k trades that I’ll cut out of at a $100 loss. Reality is, if you haven’t made profit in the first 2 minutes, then YOU’RE WRONG, and get out.
I have a 85-90% win rate.
If someone says that. Run for The Goddamn hills. Because they are full of shit. Well, kinda full of shit. Depends on how you want to look at it with Profit/Loss.
Win rate means NOTHING. It’s all about risk/reward and managing your capital.
Here is the thing. Can I give you a strategy that will win 85-90% absolutely.
I can guarantee you, on my life, that this strategy will win at least 85% of the time.
Every morning, after the first 15 minutes. Take the high and low. Wait 15 minutes to see if there is a break out in either direction. If there is a break out up, sell or buy a Credit Spread At the Money. Odds are when it hits that peak, when you are in the NY session it’s going to chop around the rest of the day. Then buy 25 wide a spread way out of the money, like 30-50 points. You get the spread, you might make $150. If it chops around the rest of the day or even drops a little. Gamma is going to kill you in the last 2 hours. But say it chops around from 10am to 1pm. You can then get out and make like $50.
You can do this CONSTANTLY. $50 maybe $75 a day, ever day, for days in a row. Whole week of cashing out. Great, easy.
But you are GOING to have a day that fucks you. At least once a month (and that’s being conservative) you’re GOING to have a 40-50 point candle that is going to kick you in the nuts. Even if you stay away from Fed days, you never know what the Orange Retard is going to tweet.
That one day, one single day, the loss is going to be so big, that even if you were green the last 20 trades, that will all be eaten up and spit out.
If they are selling ORB
For Fuck sake. The ORB has been around since 1990 when Toby Crable created it. Sure, it worked great on the NYSE floor nearly 40 years ago. But it is worthless now. But this is the biggest thing with influencers, because it is SUPER easy. First 15 minutes. The high is Resistance, the low is support. If it breaks, go in that direction.
Super easy.
SUPER FUCKING WRONG
You are not, ever, going to be profitable with this. Ever. Anyone who tells you otherwise if lying and trying to sell you something. In the last few years with how popular it has become it’s even worse. Institutions KNOW what there are so many retail traders out there doing this, that that they are stop hunting. Market Makers claim they aren’t but that is bullshit.
I do actually use the ORB, and very well. But not like these idiots who have no idea what the fuck they are doing and just watched a youtube video and regurgitated bullshit are doing.
I watch the first 15 minutes on things like SPX.
I break out the range.
I then watch the next 15 minutes with 1 minute candles. I watch to see if one of the candles breaks the range and closes. Then I watch the next candle. If that candle is even higher (or lower on a low break down) then I sit it out.
If in that 2nd 15 there are NO break outs, it just back and forth around the range, or if a single candle breaks and then is immediately rejected. Then I assume chop is in our favor and I buy a 0dte Iron Condor and let it site for an hour, where if it chops for an hour you can easily cash out at 30-40%
Look at my Watch and Lambo
Seriously? Are we still here?
If someone tells you how much they make, and show off their million dollar life style. Then they are full of shit. They are renting things just for engagement.
I have nearly $6 million in assets since I started trading 30+ years ago off very VERY little capital. I have my house paid off, and the Mrs is a huge property owner. But with that said. I drive a Chevy Malibu, she has a GMC Sierra, we live in a 1600 sqft house that has been paid off for years.
Any nouveau riche person showing shit off? Fuck them. they are lying.
The Online Guru’s
Ok, I’ll be honest here. I’ve been trading so long that I have become bored. I could make more, but how we go to concerts ever night around the country, there are days when I just don’t have the energy or interest to even get out of bed. I have spreads and stuff weeks/months out, so some days I’m just like to hell with it, and stay in bed till noon, then go do other stuff.
A few months ago, my time line in Instagram started getting bombarded with investment gurus.
The first thing is, if they tell you “something” but don’t actually give you the stock ticker. Fuck them.
Second, if they only give posts AFTER a move? Fuck them too.
If a person gives you their picks, BEFORE market. And you watch them, and they turn out good, then there might be something there. But there are next to none of those people.
Due to my boredom I started watching a few of them.
Holy shit were most of them bad. They would give their top pick for the next day, but then in the over night it would crash, or in pre-market crash, or if the market opened, it would go the opposite way.
Most of them don’t tell you WHAT their thesis was. Just “look for this stock tomorrow”
I actually did find one, and only one “guru” that is actually legit.
Summit Trading Strategies
This is not a sponsored post in any way (I never do that), the owner doesn’t even know (or even care probably) that I’m writing this.
Thousands. Literally thousands of Instagram posts and reels I have seen over the last year for stock mentors. Almost every single one is total shit.
Back in February this one guy started showing up in my feed. For a couple months I never really paid attention. But then i started noticing, that the watch list he put out on Sundays for free, were pretty goddamn good. Obviously we’re not talking 100% but it was pretty close to 70% where if you managed risk would be huge.
In late April I set up a separate account with $1000 in it, to just take trades off the watch list.
Buy end of August that $1,000 had turned into $4,365
That was enough for me to say fuck it, lets actually try one of these.
This was my first week with them. I do all my own trades, which I need no help with, but just trying them out.
On Monday he told people to go short on NVDA. Personally I thought that was a retarded trade. I sat out, and the people who took the trade lost about 15%
On Monday, he told people to go short on Amazon. Again, to me, stupid trade, RSI and MACD told you no. I sat out. The people who DID take the trade lost around 15% again
On Tuesday, told people to go short on NBIS. To me also a stupid trade with RSI and MACD saying no, so I sat out. People who did lost like 15%
But then on Wednesday. He pointed out META. Fuck me. If you grabbed it around 9:50am, and held for 30 minutes, that was like a 125% return
Then on Thursday, he pointed out the Hood entry, which honestly was not even on my radar. Me personally, caught 88% and other people caught over 100%
Followed by an Nvidia call which caught you 20-30% in a few minutes.
Friday if you grabbed the Nvidia calls when called out, easy 30%
So even though there were some big misses, the over all for the week would be massively profitable (me personally 218%)
Who is it?
This is, literally, the only “guru” I have come across in 30 years, where he absolutely WILL make you profitable.
And his name is Robert Gates
From Summit Trading Strategies
You can find him HERE (It’s $189 a month, but totally worth it, you can easily make that in a day)