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Clips/TravellingScammer
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Overview
Ineffective trading signals from Traveling Trader, including SMT divergence and predictions concerning London high or low draws, led to frustration and financial losses.
Membership to Traveling Trader's Discord was cancelled following financial losses totaling nearly £500, which included £175 across two months of membership fees and £300 lost on a triple-leveraged SPY short without generating profits from the followed trades.
A commitment to resilience and persistence in trading continues despite continuous losses, drawing a comparison to publishing on YouTube regardless of receiving only 4,000 views.
Themes
Criticism of Traveling Trader's trading strategies, specifically SMT divergence and predicting London draws.
Financial losses tied to trading recommendations, including a triple-leveraged SPY short and Discord membership fees.
Mindset regarding persistence and resilience in the face of continuous losses.
Cancellation of the Discord membership associated with Traveling Trader.
Developments
A membership to Traveling Trader's Discord was cancelled after sustained trading losses and fees.
Uncertainties & gaps
Whether the market draw will move toward the London low or the London high cannot be determined, as it could proceed in either direction.
The exact total loss is estimated as nearly £500, with previous profitable trades considered potentially a result of luck rather than following provided signals.