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Can you please share some context to this video on what the trader was doing? I see he lost nearly $12,000 on that trade? Was that is his algo or he make a mistake a trading?
What is wrong what he did? Because he not use stop loss?
As to what is going on in it, or why anyone lost anything, don't ask me, ask . I have no idea (and don't care either. It's just more stuff about Vinny. My interest in Vinny or anything he does is exactly zero.)
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
What happens to every human trading at some point the fight or flight trigger. from the p&L he was clearly up and was likely in the mood where everytrade HAS to work because its been working he clearly went against his signal there he was hoping it would continue dropping and it didnt. I've used algobox during the free trail before and that white cross and clicking sound in his system means that large orders are filling you can hear him say several times im closing the trade and doesn't. I said this in earlier post i think he is a good trader but this doesn't translate to you being one the barrier will be what happened in this video unless you have an external risk management system in trading your susceptible to 1 trade always blowing your gains.
Vinny is the best manual trader I ever seen in my life. That man traded live with real money for about 5 months everyday and recorded every trade on youtube. And made about $150,000 in 5 months.
Never met a day trader to make that kind of money with real money. NEVER.
Vinny is awesome in my book, because he proves what he says.
Vinny's Collective2 trading record is very bad. That's his only verified trading record. Even before his final catastrophic loss he has had massive drawdowns the first of which looks like at least 30-50%
In His FAKE 4-5 month trading contest against Ross Cameron in 2021, he does not even have any 3rd party verification that he was trading real money.
All his FAKE Trading Contest videos were from a private livestream that were posted public later. Does that sound legit to you?
Do you realize that if he had taken a HUGE loss on any given day of his "Contest" He simply would NOT have posted that day's trading video and would have ended the contest right there leaving his "P&L" in positive territory?