Quote:
Originally Posted by lewdog
Man that's awesome. And nice to see he's not using some crazy formulas and mostly just technical analysis.
I'll be honest, my trading only works in bull markets where I can be very successful trading for a profit that's a lot more than the index. However, I don't have the skills to be making money in markets like 2022 and so far 2023. Johnny, what are some of the strategies he'd be using in a market like 2022 to make such good money?
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He's really just all about price action and studying. He works harder and studies more than anyone I've ever come in contact with in the trading business. He really capitalized on the crazy bull market at the end of 2020 and early 2021. Worked himself to the point of exhaustion and into some health problems that took him awhile to get over. He's toned it down a bit now.
But yeah, he's a master of price action. Whereas newbs are buying breakouts, high of day breaks, etc., Jack is buying the consolidation at the end of a down trend just before it reverses. So he's selling into the newbs who are buying breakouts and HOD breaks.
He also had the balls to size way up during that period in late 2020/early 2021. He crossed $1M in total trading profits in November 2020, and by March 2021 he was over $6M. So he really went all-in during that crazy run.
We're required to integrate our broker's trading platform with a tracking system called Profit.ly, so all our trades are automatically uploaded into their system. So you can't cheat the system or fudge numbers. As the Business Insider article claimed, they verified his numbers with tax returns. I'll attach Jack's Profit.ly profit chart, you can see the almost parabolic rise in his profits at the end of 2020 to early 2021.
