I’ve subscribed to this strategy mostly out of curiosity and have kept the number of contracts low.
Also I am looking for good discretionary day trading strategies, and they are not easy to find…
The only one I’ve found and which I really like so far is OPN W888
If you guys know of any other, I’d love to take a look and will open a new thread for that purpose
Now back to Millonnaire Maker, after a couple of days of seeing the trades come into my account, seeing them against the chart, here’s what I saw, and I am myself an active trader who likes to day trade… I’m looking to delegate here
There are way too many trades !
I can’t see much proper sniping, more like lots of shooting
I can see many positions (not all) taken into a dip, but it looks very risky as positions often taken when no confirmation candle or volume is present to indicate bounce is likely to sustain for the scalp.
I can see losing positions left for way too long, hoping for a recovery
I can see some good positions
I can see decent profit taking as far as scalping is concerned, but if higher probability trades were taken, this could be improved in clear trends that have gone his way
I can also see a lot of hard work, and I’d like to encourage MM to try and select his trades more carefully, and as others have said, limit his number of contracts. I think he can be successful, but, in my view there is too much of what feels like impulse trading and should shift towards deliberate trading executing a clear plan. I found myself on the edge of my seat despite the small size I took, and monitoring what he’s doing as I get worried of what is happening. This, I don’t get with OPN, who I can now trust has a real plan and true, true mental discipline.
I hope MM can make us a million, and as it is now, I couldn’t tell, but I’m going to keep him with all protections in place for the month and see if maybe I’m proven wrong on a few of my impressions.