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Is Madaz Money legit?
Does joining his chatroom or his trading courses really help you make money from day trading?
Is there any other better way to learn how to make a consistent profit from day trading?
Who Is Madaz
Madaz, also named Max, is a structural engineer-turned-full time trader based out of Los Angeles, California, with a Bachelor’s Degree in Civil/Structural Engineering from UC Irvine.
He first heard about trading from his co-worker about 10 years ago, and opened a trading account with $6,000.
Like most traders, he eventually wiped out his entire account.
Then, he decided to give trading one last shot with his remaining savings in Dec 2012 and never looked back.
In 2014, he quit his job and has been relying on trading as his main source of income.
Just recently, he turned $50,000 to 15.5 million in 10 months.
Wow, that’s really impressive results.
Right now, you have a chance to join his trading chat room and learned how he trades in real time.
But, the question becomes, can he really help you achieve the results you want?
Is his trading chat room and trading course a right fit for you?
Madaz Money Chat Room
Madaz runs a trading chat room where he and other moderators (professional traders) will share with you their approach to trading and talk about his strategies and trades live on Mic.
For this trading chat room, they don not offer stock investment advice or give you stock picks to trade.
It’s just a great opportunity for you to see how a multi-millionaire trader trades and analyses the market in real-time.
I like it that they are very transparent and upfront about the purpose of Madaz Money chat room.
If you are a beginner trader and want to learn how to trade better, the right way is NOT copying/following what other good traders are doing and ask them to spoon feed you with potential trades.
Every trader has a unique trading style.
What works for one trader might not work for another.
So, if you want to learn to trade better, the best way is to see how other profitable traders trade and think and then find out what works for you.
This is because, at the end of the day, you need to learn to make independent trading decisions.
For example, you get a trade idea in the chat room from other traders.
You decide to enter a trade, and then the trade goes against you.
What are you going to do?
You need to be able to independently evaluate every trading situation and manage your trade yourself.
Madaz Trading Strategy
Now, let’s look at Madaz’s trading strategies.
Madaz’s main approach to trading is taking high probability scalp setups for fast profits particularly at the market open.
Scalping is a type of trading where you enter and exit your trades pretty quickly for a small profit which is usually 20 to 30 cents per trade for Madaz.
If you look at his brokerage statements that he has published online, most of his trading profits were generated during the first two hours of market open.
There are three trading strategies that he uses quite often:
- Washout long
- Panic pop short
- Halt and resume washout long
For example, a washout long trade setup is basically when a stock just suddenly drops really hard.
Once the stock drops, it is going to hit a certain price level and it bounces back up because a lot of the algorithms would try to correct that drop.
A panic pop short setup is similar to washout long setup, but on the short side.
If you watch his Youtube videos, you will see that he shows you exactly how he trades these strategies using tape reading (i.e. Level 2 data) and technical analysis (i.e. support and resistance levels).
Before market open, he would already have a list of potential stocks that he likes to trade and have made plans for both the short and long side, using Trade Ideas stock scanner.
According to Madaz, you should not be too biased in your view as a trader, so that you can easily adapt and adjust your positions from long to short (or from short to long).
After observing how he trades live in his videos, I noticed that he would generally try to scale in and average down if he didn’t get a good entry price at first or the trade didn’t go well.
In the past, Madaz used to trade mostly small cap low float stocks.
Lately, he has has been trading stocks (e.g. GameStop ) that have attracted a lot of attention from retail traders in the social media.
In 2020, he made a record profit by trading stocks like GameStop.
Recently, he also started to trade big cap volatile stocks such as Tesla because he is trading much bigger positions than before.
If you look at his monthly trading profits for 2021, it could swing wildly from negative 2.9 million to positive 5 million.
So, if you are a beginner trader, it’s not going to be easy to replicate his trading style because of his position sizing and also risk appetite.
But, having said all these, he is extremely profitable trader who just started like you.
There is definitely a lot of things that you could learn from his trading experience.
Madaz Trading Performance
Now, let’s take a closer look at Madaz trading performance.
This is one of the most important things you want to check it out if you are thinking about learning from Madaz or someone else.
Has Madaz been consistently profitable?
Can his trading results be verified?
Personally, I only want to learn from someone who has proven results.
Madaz has been very transparent when it comes to his trading performance.
On his website, you could see his 2020 and 2021 monthly broker statements as well as his trading partner Shia’s broker statements.
Madaz started an $50,000 account on 26th May 2020.
He generated 4.17 million in profits in just 7 months with a win rate of over 90% by the end of 2020 as seen from the table below.
2020 Trading Performance
| Month | Profit/Loss |
| May | $67,941 |
| June | $536,437 |
| July | $835,717 |
| August | $645,960 |
| September | $1,183,923 |
| October | -$92,351 |
| November | $930,362 |
| December | $67,331 |
2021 Trading Performance
| Month | Profit/Loss |
| January | $2,011,112 |
| February | $5,154,010 |
| March | $4,001,929 |
| April | -$1,838,414 |
| May | $2,436,829 |
| June | -$2,972,566 |
| July | $500,312 |
| August | -$1,256,717 |
In 2021, Madaz started the year with three consecutive winning months followed by big swings in his monthly P&L, but he is still very profitable overall for the year.
Personally, I don’t think a lot of traders would be comfortable with such volatility in monthly P&L.
When I look at his two biggest losing months, the loss mostly comes from one single stocks.
So, what that means is that his trading strategies still work, but his risk management needs to be more strict.
Madaz Chat Room Pricing
So, how much does Madaz Chat Room cost?
There are three different pricing tiers:
- Monthly @ $149/month
- Annually @$124.16/month
- Lifetime @ $2994
The best deal is obviously $2994 for lifetime access to Madaz Money Chat Room because it is equivalent to just two years’ annual subscriptions.
In other words, it’s either you go with the monthly plan or go with the lifetime plan.
My recommendation is that you should always try it out for one month and see if it is a good fit for you.
If you think you can benefit from it tremendously, you can always go for the lifetime access subscription option.
Try Madaz Money Chat Room Out Now!
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