Bitcoin Forum

Hey all, 

So I follow this guy on YouTube, Mike Kelley or "King Matrix"...  lol and he trades crypto all day long and has a daily live trading update.  I have been watching for the past couple of months and I am blown away by the results.  I cant imagine how you could possibly make this stuff up but he is killing it!  Anyways I have been asking around because they offer a signal service and also scripts and I dont know if it is worth the $ or not or if its even real.  I feel like if the results from his track record are what they are then I can't lose.  I obv know that isn't true but I would like to know if anyone has heard of this guy or if its a joke or not.  His YouTube channel is https://www.youtube.com/channel/UCjJ3tvdEDmFkz9ZxMbTWzpg  Thanks everyone and hopefully if its legit, I just helped us all out!  Haha. Semper!

Never heard of that and Im not really an enthusiast of following a certain person by trades because I can do it myself.

Following trading signals and tips is not the usual "you will just follow" and that's it. It must be associated with self analyzation because it's not 100% risk free. You can be wrecked along the way. Is it worth the $? If you will asked me, then NO since I already have a knowledge. But since you are a newbie, what you must do is to take his tips as reference so that you can make up your own analyzation someday. You need time and patience.

If you are lazy to do it then it's up to you if you will test the water since that's your money after all. Believed me, even how good that guy is, it's not an assurance that it will give you a 100% guaranteed profits just by following him. Use also your common sense that if following tips is easy as 1,2,3, you should see lots of persons doing it.

90% correct speculation seems a bit hard to achieve, but I believe there are some people capable of doing it, if you want to become good in trading then you need to learn by yourself not by following some signal, but if you want to try to see the accuracy of the signal then go ahead, maybe you can learn something from the signal

Signal groups almost never work, and I've joined quite a few in the three years that I have been trading cryptocurrency. It's definitely not worth the money in the end, because some groups may turn out to simply be altcoin pumping groups in the end, or the signal accuracies are just not as good as claimed. Either way, learning to trade takes time, and joining a signal service isn't much of a shortcut. I highly suggest you take the time to learn how to trade yourself. It does take time, yes, but you'll be able to trade as well or better than whoever you linked in your video.

Being accurate or not is meaningless, the only thing that matters is your reward ratio. If you have a 5:1 ratio, you could be accurate only 40% of the times, even 30% and still make money. You could be 90% accurate with a negative risk reward ratio and get fucked.

Thanks!  I understand and agree with you.  Have you seen this guy specifically though?  I think hes worth checking out strictly due to the returns. 

Apparently he is a former cop and turned $20 into a few million by trading.  Who knows.  Check it out sometime and let me know what you think.

no it is not hard at all and there are many who are doing it. and their success rate is 100%. but the important thing is to know that if someone is that good in trading then they will not waste their time making youtube videos!
so to answer OP's question, no that person is a fraud and he isn't even close to 90% accuracy. if he was an expert he would be buying coins not selling advice!

Well he sells his results... that's the point.  I appreciate the feedback but if you check him out and THEN give me that assessment, it would hold more weight.  Thank you though!

Thats what I thought also until I actually started paying attention to what he was doing.

You can not rule the possibility of him being good at his trades, but being 90% accurate on every single trade is more a trap especially if he has a paid channel. As a rule of thumb, I'll never believe any trader that says he has 90% accuracy rate on every of his trades as I feel he's being economical with the truth. For the hype around him and pay attention to learning his trading skills, that's more important.

You are missing the point, the point of trading is not to have a high percentage of accuracy, what you should look is the amount of money that is in your pocket, it is very easy to create a strategy that wins that frequently and still loses money because the trades that you lose are quite big, what you should look for is the amount of money that you can make with that strategy.

Totally agreed!  Base hits all day but a ton of them!  Its time consuming but I pulled the trigger and got the script for a month and have already closed 3 trades yielding about 4% so the first day wasnt too bad haha.

This. I could be right 99% of the time but I'd barely make a cent, whereas alternatively people can be right 50% of the time or even less and make a very handsome profit. I would say to always stand on the side of caution and remember that if something seems too good to be true, then it probably is.

True but if I can do 3-6 percent all day then I am solid but I do hear your point.

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That's 3-6% profit, that would be great. That's different to accuracy of trades/decisions. For example. If I do one trade and I make $1000, and another trade I lose $50. I've made $950 but have an accuracy of only 50%. Alternatively I could do 10 trades, on 9 I make $50 and on another one I lose $500. I've got an accuracy of 90% but have lost $150. I know which one I'd prefer.

You have really made a nice talk for the new comers and this your post will build any body trying to fidget in his or her trading decision. That is, if your trading pattern is working for you, then keep to it and make it better.


I totally agree to your view. However, if you mean on the above quote that OP could be making up his success too, I also think on the contrary that some people have become very good in their strategy and are making money that seem as simple as 1,2,3.

Most of this thread reads like an advertisement for a YouTube channel.

 Thanks for the insight!  I will check it out now!

this guy has an average of 120 views per video, so the only logical explenation is that you are this guy.

Umm yea...No.  This guy has been invited to speak at the crypto convention in Vegas next week and is partnered with Hilton so I doubt he would have time or interest talking about this subject.  So no, I am not him although I do wish to be as fortunate as him trading the crypto market... Pretty sure he will be live on his channel at 10:30 est so if you would like to ask if he has been here, I doubt he would mind answering haha. 

very possible for one to achieve about 90% accuracy in trading and for those that has long term experiencing in stock and forex there can really be able to predict the market.  I will follow this guy from today and see it for myself in the it succeed to that level of accuracy.

Actually I didn't felt that you are sincerely asking about that guy because it do turns out that you are just indirectly promoting yourself by means of asking or pretending.  ;D
If he's 90% accurate on his trading career then why would I mind to share up publicly on my signals? For more profits? I don't them if I do have that kind of success rate.

Its actually possible to make some predictions about a trade and still win. Without sounding really arrogant, I have made some trading decision without any analysis or having special skill just by looking at the trend analysis provided by the site and in 24 hours it has turn out to be a good decision so also are times where it has been the wrongest set of decisions to be made.

However, to be 90% correct based on your submission have to do with so artificial intervention which can be explained in a simple way. The same way you are following him, so also are others who are not only following him but at the same time acting on every predictions he dishes out and in the crypto market, to be popular, you need the population that will carry it out which is like the explanation behind whatever he is doing and making it seem like a pro.

LOL. If he was actually that amazing, you'd think he could afford to buy more views.

Thats a good point...  Can you actually buy views?  lol

You didn't know about that? You can buy social media followers, yt views, subscribers, basically everything is for sale these days and many popular youtubers and streamers buy or have bought views somewhere in their careers.
As for the accuracy. If you trade once a month, or you're a trader that follows the market instead of trying to predict it, you can be that accurate. If you trade every day it's impossible.

Interesting.

Thanks for the insight and advice on the trading.  It is appreciated.

I haven't heard of that guy, I only know King Theis and he also does have some errors, and 90% on winning rate isn't true for me. But who knows.

Yea I have been doing my research to see how plausible it is across the market but I guess he has just been on a streak of winning because what he shows is legit from what I can see.  IDK.

a channel that has 107 views and 3.3 MIL subscribed and you say this guy has " more than 90% accurate on EVERY single trade? " Really? Do not you think it's strange? if that were true he would already have millions of subscribers and would be the king of youtube. I do not believe he is capable of having " more than 90% accurate on EVERY single trade "


I do not think it's possible, mainly because OP said that the guy can get this result every day


I agree


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