How To Trade Like TESTA

[@10xMik]

Thanks Mike for these series, keep up the good work!

[@BornFreeFilms]

Nice video. What trading program does he use?

[@goodoboyde]

Hello Mike Ser Trader, Thank you for the review and your effort and hard work. Question please: 1. TESTA is scalping for small profit targets, I understand. However, when the trade goes against him and he is losing on a trade position, does the average into losing trades or scaling into losing trade positions? Or does he use a stop loss with All-in-all-out strategy.

[@MikeSerTrader]

Most scalpers cut their losses quickly bc the trade needs to work right away or it's unlikely gonna work. Very dangerous to average into losing trades as it can lead to big losses

[@goodoboyde]

@@MikeSerTrader Thank you Mike for the response. I really appreciate you. Questions, Do you think TESTA is scalping with fixed profit target and fixed stop loss for every trade or is he not using a stop loss and quickly exiting the trade as soon as it goes against him for quick exit?

[@jailanimerchant9764]

Thanks. gd stuff always

[@leeco5251]

Ths. Good motivation video!

[@abhijeetsmumbai]

Keep doing it mike I absolutely love watching it

[@nhafa121]

Did he do future trading?

[@nhafa121]

Scalping stocks on spot is that even a good idea

[@MikeSerTrader]

Stocks & Futures

[@MikeSerTrader]

Scalping is not as profitable anymore due to algos

[@TuanPham-bw6ge]

❤

[@አራጌደጉ123ቻናል]

10Q

[@ivanpetkov8430]

what's his trading - cfds, stocks, etfs? platforms ?

[@MikeSerTrader]

Stocks and Futures

[@Mk84321]

@@MikeSerTrader Hey mike Testa and CIS both use the same brokers Rakuten and SBI securities

[@phong911gt3]

$3.7M from day trading. Got it. What about the $48M? Don’t think that was covered.

[@MikeSerTrader]

I covered it in another testa video that I did but it's more investing of buy and hold

[@velthururamcharantej8053]

It's possible here it is proof

[@GoldBureau]

No just the Algos got faster and better then him thats why he switch

[@Adilok75]

Turn $26000 into 48M? 🤔 This is impossible.

[@abhijeetsmumbai]

It's rare but possible

[@Hadi_5555]

Everything is possible dumb

[@GrgAProduction]

Not at all. BNF has done it, CIS has done it also with very similar start capitals, Richard Dennis started with $5k and made a total of $200M.. When Japanese traders make Trading their whole identity, they usually go really all in. Meaning they will gladly keep basically all their capital made at the brokers. Take out just the bare minimum for being comfortable and survival. Usually they do not flash and burn loads of cash either on materialistic endeavours. They get their apartments/house and their computer setup. Rest is basically with the brokers. And they keep on going in aggressively into their setups. Most peoples constantly taking out and keeping a smaller capital at the brokers is what slows them down. Then all the Real Estate investing, travels, cars, jewellery, etc etc.. Japanese traders do it all minimally and lazer focus. People underestimate how much slower one goes with one Lambo less of capital. 3-5% of $5-10M account risks vs 1% of 200k is a huge difference longterm. Why also BNF and CIS managed to hide their volumes easier since most often trading the Nikkei 225..