By - KingPrudien
**Total rip off!!**
Literally their entire course is on their YouTube.
The guy just sells one thing after another such as his chat room. “1 hour of psychology” sounds like it was recorded with a tape recorder
Took 2 days for my “PDF” to come through and it’s just 400 pages of screenshots from a PowerPoint.
Guy is a complete asshole in his chat room and will call a brand new trader an idiot for taking a trade and learning a small mistake. I get it. Be firm but don’t call a doctor an idiot for learning something a new skill when I’m doing exactly what you suggest and risking $10/trade.
Once you buy the course, you’ll never get a response from him
Great YouTube channel. Horrible “course”. Can’t even get a 1 on 1 with him for 2 grand
I’ve received so many comments regarding how I found a coach/mentor or whatever you want to call it.
My advice would be to find someone who:
•Provides to you the material they use in their system
•Shows you proof their stuff works
•Will work **ONE ON ONE** with you (not some course that’ll take your money and that’s it). Like literally trade live with you one on one at least once
I found this person by searching through this subreddit and filtering ***Top Posts*** and ordering it by ***All Time***
CJT2013 wrote that post and has given out SO MUCH of his experience advice/posts over the years and is a really transparent and blunt individual. Does not sugarcoat, and showed me his account performance AND has traded with me live. You don’t get things like this in courses
I simply chatted him and things carried on from there
Here is the post if you don’t know how to filter “TopPost All Time”
There’s a user on here that I was advised to get in contact with. He said he was putting together a video of proof that LiveTraders was ripped off by another course that the owner [Jared] used to work for
Don’t get me wrong, Jared Wesley posts very well informed videos but the guy is a condescending c*nt that sells the idea you’re getting more when in reality you’re not.
I’m a doctor and got reeeally good at studying. When I was sent an entire PDF of his YouTube channel. I was pissed
You can honestly tell he's a bit of an asshole just from his youtube vids, especially ones directed at brand new traders. Though the thing I liked about him was he basically offers everything free on youtube. He is charging for a course now?
He’s been charging for years. His entire course is his YouTube channel. $2,000 for the course now.
He’s not a complete asshole. The man makes content for free. He’ll email you back until you buy. But again, do not call a doctor “an idiot”. I’d never call an intern or pre-dent an idiot for learning the anatomy or way to treat a patient while I teach them. Be firm but not condescending.
I noticed the questionable nature of his course when he discussed his book. His business partner made a video of it. The outside looks fantastic a well made cover. But then you open it up and it's just images of stock patterns with slight descriptions. It is literally a print out of the powerpoints he uses in his YouTube videos. There is almost no text, it's a literal picture book. And then there were comments like "wow I cant wait to get my copy". These are supposedly grown adults thinking this is how you learn about a profession.
It’s an amalgamated version of his YouTube. The strategy is legit. Only problem is availability (not liquidity) of shares.
It made me a break even trader. When I found someone to work 1 on 1 with once a week on screenshares and traded live with, that’s when I saw the real way to trade.
It’s very disciplined and not as action packed as most think
**EDIT**: The book took weeks to get. He’s called out people on his YouTube videos saying things like, “calm down it takes time to get there”. .. buddy.. we just spent $1,500 (Now $2,000) we want our material, not a PDF of your YouTube channel. And the book’s quality is like my kid’s elementary school textbook
His chat room is expensive for what it is. One maybe two trades called then the rest of it is just talking crap about liberals, CA, New traders and other chat rooms. Whether you support or oppose his views, I'm paying to talk trades not politics. I also noticed a few of his chapters are similar to chapters from "mastering the trade" but I would agree he has the best YouTube content.
Glad I read this. Ive scoured his YouTube channel and hate the brashness. Why embarrass ppl for something they don't know that they specifically came to you to learn smt.
My issue was that IDK just what idk, what else I need to brush up on outside of his YouTube. But this comment definitely helped save me some bucks.
Did Anmol teach any classes? I saw he was supposedly McLaren and Ferrari shopping the other day.
Lol. I found someone who provided me 2 spreadsheets, a business plan, and a guidebook. He’s a series 65 license holder and trades with me live from time to time
Did you meet him in real life or how does someone go about finding a mentor like that?
Retired veteran here, trading to supplement my income. I tried for 2 unsuccessful years on my own, loss everything and finally saved enough to fund another. i found a mentor that helped me from bleeding. was patience, and taught me abt risk reward, entries, and psychology. Have not yet recovered from my losses, getting there. IMHO, A good mentor will cut down your learning time and maybe prevent you from losing your shirt like I did. Good luck.
I found my guy. He’s a Marine. His discipline is unequivocally the utmost I’ve ever seen out of a trader. He wrote the top post all time for this sub
CJT? I've had some convos with him for sure! He's a good guy
Can you post that post, please?
Go to r/Daytrading and filter everything by TopPost All-Time. He’s the first one
Can you put me on? I am looking for this specifically..
What do you mean put you on?
I mean in regards to the mentor you mentioned. I need more than anything a mentor.
I went through the top post all time on this sub. He’s the first one. **CJT2013**
He’s been on the sub for years
Poor guys about to get a whole lotta messages
How do you suggest finding a mentor?
Yes his education (The free) is amazing.
Yes Jared was a student of Dan Gibby and Greg Capra. (Founders of Pristine)
But the fact I was bamboozled for his entire 400+ video YouTube library in PDF form.. pissed me off. I specifically emailed and asked, “What more could I get buying your info?” Then I listed my notes and he insisted there was more to learn
Also I’d never call an intern an idiot for making a small mistake. But here he is calling customers (not even clients) idiots.
clearly has a inflated ego
I can’t even watch his YouTube videos. I don’t appreciate being yelled at. I can’t even imagine *paying* to get yelled at.
Lol. I like the bluntness. I give credit where it’s due. His content’s free. No need to sugarcoat things I get it. Serious business
Don’t call a beginner an “idiot” though
The majority of the course is on YouTube but I would absolutely not list them as scammers or total RIP offs. I think the course issue is just what naturally happens when you have an old course but have to keep ,making YouTube videos weekly for growth/profit. Eventually most of the information ends up in the free videos.
Jared is definitely abrasive but I'd take that 10 times over than the marketing fakes that claim to turn 1k into 100k with a 3 step simple trading system. The truth is new traders benefit more from being told about money management and to take $10 risk and having their entry/reasoning critiqued.
I've been in their live trading room for over 2 months and they do consistently make the money they claim to make (4-5R / week). I think it's worth it (at least during 30 day trial) to see what 2 traders who have a plan and really stick to it look like. After that its not too useful as they only take 2-3 trades / day usually first hour and then questions/bs till noon.
Totally agree. Totally!
i bought the course. fouck me.
Lol. Same shit isn’t it? I wound up meeting a guy on here who will work 1on 1 with me unlike Jared and I didn’t have to spend $2,000
That would be so helpful 👀
Just been watching the guys videos. I like him.
It really comes down to this: Learn to trade for yourself. Do not rely on others. Take any information, especially trades that are posted, just as that; nothing more nothing less (I'm guilty as charged for posting my own trades, but I know what I am posting too). If someone sells you something, run for the hills. Good luck finding the right people to talk to/share ideas with and hopefully refine your own trading strategy/style to make it work for yourself long-term.
As someone who is skilled in another area that is very hard technically I 100% disagree with this. Getting a good mentor is paramount to becoming good at trading. There is such a steep learning curve that it makes no sense to just "figure it out own ur own." I would say this is the biggest reason why people lose money and second would be emotional trading. just my .02
In my other post(s) I agree with others to look for a mentor. Someone who has been there, has learned and gained plenty of the "right" trading experience to share their wealth of knowledge with you and guide you into the right direction. I /did not/ intend to come across as if I would simply refuse mentorship. EVERYTHING in life sometimes requires mentorship. But I am talking about the ultimate trading aspect in itself. That is something you have to figure out on your own because only you get to press BUY and SELL. You should not rely on alerts, others, because everyone is and trades differently.
Can't assume for everyone to go over my previous posts, so again, it just confirms, that it's sometimes very difficult to read someone's post and gain their entire view. I should have been more detailed/clearer. I try to keep my posts somewhat "short".
Get mentor. Let them guide you. Trade ultimately for yourself and refine your own trading style/technique/strategy with your own money/risk management. Try to be be consistent. Gain experience/confidence and consider this a life-long game.
So, you're right that mentors are crucial. I'm not ready to take people on but of the groups I actively go to we do occasionally pick people out to help them learn. It's just that it takes a village.
All I can say is find different chat groups, find groups who seem to want to talk about their trades, and screw anyone that just tells you stock xyz is hot or look at XYZ at high of day/low of day. That is useless.
A lot of people are overprotective of their trades and simply won't share at all. It's so, so awful. On the flip side when you are scalping it's hard to have time to talk to someone at the same time. A lot of my trades are <10minutes, it's hard for me to talk through the 5 minutes before and up to 10 minutes when I close em.
very good points. It is hard to get good at this then even harder to teach about it live whilst trading. My main point is most people can get good/better at trading and having a mentor/motivated support group can really accelerate that. Surely someone can learn on their own but that would be much harder and time consuming.
I don't think people will succeed on their own as often, by far. Unless they have everything ready beforehand. I could absolutely do this on my own and I would absolutely not want to. I value my actively trading peeps big-time.
Ok Im very new to trading. What programs do you recommend to track or to learn to trade better.
Read all u can and research trading groups. I was lucky to find one that is actually run by a good person
This is late, but for a beginner would YouTube suffice for a couple weeks to get started then proceed to finding a mentor? Provided I wasn’t learning anything counter productive
What he said- why reinvent the wheel? It's safer to ride with an experienced driver than just figuring it out on your own- chances are you'll crash.
I second this. I wasn’t able to find a real mentor, but instead I found a good friend that I trade with every day. We keep each other in check and share our charts at the end of the day. Keeps me from taking stupid trades because I need to explain to him why I took the trade, what my risk to reward was, etc. trading is a lot like a martial art in my opinion. You cannot learn it from watching a million videos, and reading dozens of books (I did this for years). You need to practice every day! Set a routine and stick to it like a real job. Make a schedule and stick to it. I live in the west coast and I get up at 4:50Am everyday, get on a zoom chat with my trading partner, go over what’s on the radar for the day. Set our entry points and exit points. Then we stick to the plan. Today, we traded VTVT, SAVA and AIM. I stuck to the plan and was green on all 3. I will try and do the same tomorrow.
I know you're just giving out actual advice, but this post sounds eerily similar to the loads of shill bots on Youtube that you see everywhere on literally every video. I always try to call 'em out, but they're legit everywhere. "I got great results with \[insert random name\]!" "No way me too!" "Yeh \[name\] is the best!"
Yeah Bot instagram comments lol. Just a regular dude who joined a Zoom/Discord group is all 😂 not trying to promote or sell anything. Real Forex gurus don’t sell thousand dollar courses or groups. & If someone’s trying to sell you a course / group without a live zoom call... probably a scam. Majority of “forex gurus” are actually “marketing gurus” and only make money from selling courses. Not trading. Just giving regular person advice.
Exactly hah. I call it "make money" marketing.
Anyone have any experience with AnyTrades? Is that a good way to go about it? They seem professional and willing to help, but the best scammers always do as well.
The most recent one pretended like it was starting a chat for eager traders. Went to a discord chat. They want to do a zoom video conf. I decline. Another redditor msg's me here and he says they tried to sell him a $2000 program with a promise of insane returns. It's obviously a scam and it seems obvious to me and many others but just by the law of large numbers, many people will fall victim to it.
That's just my recent exp above. I'm not sure how we can prevent stuff like this, maybe a stickied thread on top warning people of this type of scam and giving examples?
Is that the guy that posted like three days ago asking for people to tell him what he should teach to everyone!?
Hrm I don't think so he was tying to sell a "software" lol. There's like 5 new ones every day it seems..
I know, it’s out of control. I just set up a couple live streams for fun - and I’m almost afraid to share them because of the horrible rap these YouTube gurus have have everything YouTube related.
Please share! Don't let the fake stuff take away from the real stuff!
I paid a decent amount for a course. Given the amount of material and tools they give you, I think it was worth it, but in the end, when you are trading in their chat room, they tell you not to copy them and to develop your own style.
After a year of studying day trading and listening to many experienced traders, the one thing that stands out is you really need to learn your own style. You can learn certain concepts or signals, but in the end it just seems like daytrading courses and signals are just guides, but you really just have to teach yourself.
With that said, I am sure that the course I took saved me more than its value in lost trades. It really drilled into my head that I need to paper trade and trade small at first. Having a chatroom to reinforce that every day for months was valuable.
I still don't have a trading system that works, but at least, after having done a course, I still have money to trade and the right mindset to develop my trading style.
The reason I'm saying this is to point out what might or might not be a scam. Will a trading course make you a good trader? No. But it should give you the ability to teach yourself.
You need to trade according to your own personality, what suits you as a person imo. Too many try to do more than their skill set allows, what they understand and counter to their own personality, i.e. hyper, short attention span etc vs calm, calculating etc.
My 2c worth
Yeah, it’s kind of like buying a nice weight set and some running shoes. You still have to use them. And us the hell out of them, especially if you want to be a pro.
What was the name of said course if I may ask?
Can't write the full name because of sub rules. It gets blocked.
Ok any hints ? :)
Thought that guy was a scammer....low float, volume penny-stock pumper. Jacks up the volume by calling out trades to his chatroom. Shouts "Ok I'm in!" without any specifics. Then as all the followers have bought in, he sells into them, shouts "Ok I'm out!"
He tells you not to follow his trades live. You're supposed to follow him with the simulator. I'm sure some people try to follow him, but he's clear that you shouldn't try to.
I think the system works and is interesting, I just don't like that style. It's too fast for me.
Does he have long red hair ha?
Yes. And listens to Phish.
And waiting for the 1 min candle to make a new high. My buddy went through the course. Definitely some good info.
Honestly i’m going through his course as we speak. He is breaking everything down, I’ve learned enough already that was worth the money. And I’ve made some nice profits from stocks called out in the chat. Haven’t tried the large cap yet, and I never traded in the sim because I just dgaf. It’s worked for me, maybe I’m getting lucky... we’ll see
Don’t buy his paper trading software.
Actually this course’s large caps rooms are more successful. I switched from small caps to large caps. Small caps is too fast for me.
Benefit of small caps is position size in 500-1000 share size and start taking profit with 10-20c.
Some people in large caps applied this scenario to SPY, TSLA and other good stocks using options. With options they take large positions like 1000-10000 in SPY, and start booking profit from 10-15c price movement in option. You can use bracket order for this in thinkorswim which will auto sell 50% on 20c move and other 50% on 40c move and put stop loss may be 2% below.
Make it a vote. Highest rated courses from people who have been part of the sub for more than a week. That way no one can spam fake account votes.
If there wasnt a market for bs they couldnt sell their bs.
Look if I told you that I could sell you an Italian hand crafted Ferrari for $2,000 what would you think?
Ive been there as a beginner retail trader so I'll spend some time in hopes that it may help some of you that are where I was before.
There is tons & tons and tons of information out there for free. Much of which is useless. There is tons & tons of information out there for sale. Much of which will actually be detrimental to your trading career.
Goldman Sachs, Citi, Merryll, have battalions of MIT math nerds at their disposal, they spend millions on intel and have billions upon billions behind them. You are not going to learn trading in a weekend at the library.
If you are living in your daddy's mansion and he gives you an allowance to re-up your trading account everytime you lose it, (and you want to start a YT channel instructing people how to trade after youve only ever traded 2 years in a raging bull market) YOU are not a real "TRADER", you literally have nothing to lose. and it sounds better for your daddy to tell his friends youre in the stock market rather than say youre a loser that still lives at home.
unfortunately these are the "traders" that you guys follow and expect to learn from. I cant tell you anything other than you dont have to accept reality but you will have to accept the consequences of not accepting reality.
What do you even consider a scam? Is going to Emory University and majoring in English a scam because its tuition is +30k ??
Most the time when you try and warn beginners their greed is so disgustingly obvious that they dont even want to hear it.
be more specific...
what is a scam exactly ? if i can teach you how to triple your money in a week? wouldnt a major firm be willing to pay me millions vs your petty grand or so?
> if i can teach you how to triple your money in a week?
That seems slow, the ads I've been seeing say I can make a million with $53 in three moves. Verified. (it was actually \~600 into 300k... but it's still just as worthless)
Then there's the whole bit about how "STOCK TRADING IS DEAD! OPTIONS IS WHERE IT'S AT!"
For the most part, people look for things that make them think they are doing the right thing. That means that most people are looking for easy money and that "this one simple trick" is the way to go. I personally kept looking until I found a youtube channel that called me an idiot, then gave a detailed explanation as to what I should be doing.
Name of the channel that will call me an idiot and teach me please. I’m new to this and feel I’m starting to see patterns but really don’t know what I’m doing! 😋
Thats why there lots of scams and always will be. People hear about the $$ being made in a market and want a piece of it for lil or no effort.
THATS WHY THERE IS A NEVER ENDING SUPPLY OF SERVICES THAT ARE WORTHLESS AND NEW ONES POPPING UP ALL THE TIME! They also taint the few that are helpful and legit!
I had tried day trading for about 2.5 years. I found A LOT of success in paper trade and mixed results from live trading. Truth is for a long time I was conflicted on whether I’d be better off just focusing on my studies, and just utilizing those skills to make me money. I’m a Finance major, so I know more than your average person on fundamental analysis which is often used for longer term investments. I wanted to fully dedicate myself to one thing but I was worried that the amount of money I’d spent paying my trading mentor would end up being a scam. On the other hand I was worried the time I’d spend focusing on my studies in school wouldn’t make me a lot of money or even land me my dream job. A lot of traders will make the argument that trading isn’t impossible, it just takes a long time and a certain mindset. Which I completely agree with, but I also think those who do it well and consistently are 1 in 1,000,000. The success rate actually is somewhere around 7% which is EXTREMELY low. I think what finally was the tipping point for me was when I was learning about how to follow “smart money” as my newest ticket to salvation and realizing “smart money” isn’t really “smart money”. Smart money is taking nearly risk free trades, and charging people management fee’s to make trades on somebody else’s behalf. It was at this point that I realized that day traders have every single possible force in the market playing against them. If you can overcome those forces, than good for you. But Goldman Sachs 90% win rate isn’t because they have some killer EMA crossover strat. It’s Bc they execute AAPL and pocket a couple cents on the transaction for a whole lot of shares. Risk is minimized to the lowest depths possible, and then they just scale up. This is getting long so I’ll just end it with this.
Day trading itself isn’t a scam, but if you daytrade the whole financial world is going to try and scam you.
Jeez man use paragraphs
He’s a finance major not an English major
You don't need to be an English major to know that paragraphs are a thing.
So....you’re telling me to all in on MVIS right?
Trade for yourself, this is obviously a good advice. But mentors do make sense if you want to avoid mistakes. Find someone who review your trades and your thinking.
I am a member of a chatroom. My experience is positive tho. Learned a lot from others mistakes. Wouldnt be as far as I am now without it. But there are not many good communities (or chatrooms) out there IMO.
Would you recommend a good one? I could really use a good atmosphere to talk stock and not just crypto.. nothing against crypto there are just too many of those groups and not enough REAL intraday and swing trading groups that’s all!
Same here - eager to learn and soak up some experience.
Happy cake day
Which are the good ones?
I've got stories that will guarantee traffic to your post and give awesome returns on your karma, and I'll give you all of them for just 299.90. Its a bargain, trust me
Lol what? Scam
Yep, that's the entire joke lol
None of these scams would exist if there wasn't a constant influx of new 'traders' (I use that term fairly loosely) willing to fork over thousands of dollars to learn what is already available in the public domain. And if they're willing to pay, and some information is exchanged, is it really a scam?
I've never paid for a course. I read a few books and followed a bunch of bulletin boards (wow that makes me feel old now) back in the day. I think I'm doing ok.
Can u pls point or share your reading list?
My father and I recently got into trading and investing. He ran across this course by SMB Capital and it seems to offer a lot of good advice. But I don't have the experience to evaluate it objectively. My father picked it up (he was sucked in by the sales pitch).
They offer a 2 hour webinar where they mention some of their trading techniques and what it takes to become a good trader. At the end they offer access to their premium course (normally $5k) for $2k.
The webinar and the $2k offer are billed as a one time thing and you have to "Act Now!" or it will be gone forever. But the webinar is actually offered 3 times per day and so is that offer, so its just a sales pitch.
The website is confusingly designed. Even though you paid for the course most of the links take you to pages where you are asked to buy more stuff from them. The training that you are there for is not clearly labeled.
Co-founder Mike Bellafiore touts his two books on trading but critical reviews on Amazon state they offer limited actual advice and are mostly a marketing pitch for the SMB firm.
There actually are detailed, well put together, courses available from SMB capital (once you figure out how to navigate the website). They seem absolutely legit (but again I can't evaluate them thoroughly).
They offer a scanner and access to their AM meetings. So far I attended one (May 18th) and it was very interesting, they discussed MRNA and possible strategies (the stock ended up falling throughout the day so a short in the morning would have been very profitable).
They have actual offices on wall street and seem to be a fully functional trading business. Perhaps they sell so many training courses that it props them up but I doubt it. NYC rent is ridiculously high.
Would love to hear what other people think about them.
I watch a lot of SMB and utilize many of their ideas
I’ve been a part of the SMB chat, morning meetings etc for almost 2 years. Steve Spencer is the man. Gives great guidance. Played an integral part in my becoming a consistently profitable trader.
I have been going to the morning meeting consistently, definitely learned a lot about how to think about trading and what to look for in a good stock. In the month or two since getting the class I definitely see a lot of value in their scanner and radar and the morning meeting. Still have not risked actively trading real money but I am seeing consistent results in the simulator.
Side note: Really disappointed in the audio quality of his zoom stream. He would benefit a lot from just getting a gaming headset or something. Teenagers streaming Fortnite have better audio balancing. Sometimes it's hard to tell what he is saying.
SMB posts some good youtube videos but their webinars and courses are a total waste of time, and I wouldn't spend my money on any of Bellafiore's books, either. Havent read them and probably never will. SMB is a legit trading firm, btw, they're one of the better prop firms out there. But buying an education from them is silly when it's almost all out there for free.
Yeah the more time I spend watching their stuff the more I have grown to respect their products. I still think their is value in a well organized course though. But I definitely agree about the books. I bought "One Good Trade" and it seems mostly to be drivel. I'm sure there is good knowledge in their but I just can't get over the writing style.
So I got a notification that someone replied but when I went here it was gone. Was the reply deleted or what. They say the office is not on wall street but in mid town, I didnt see the rest of the post and was curious what it said.
Smb is garbage
everything u need to learn to daytrade/trade is free on the net. trading is a simple profitable business with a complete trading plan. trade liquidity. never let a winner turn into a loser. for me, my maxium loss per trade is -$200. best trade last week. nkla sold 10cnt jun 65 puts for $1 credit. made $1,000 on that trade one day. msft covered call 400 sh at 182.50, sold 4 cnt jun 185 puts for $5 credit. made $3,000 sold nkla puts 61 10 cnt for $2.50. made $2,500. total green expiration $6,500. good trading on you. if u are just trading stocks. to learn. just trade one share until you are consistently profitable. good trading on you.
No offense but when options traders write like this it makes it impossible for people learning to no what you’re talking about. I swear on my life options lingo looks like mandarin
I see a lot of naked sells. Be careful! Yeah it’s quick money but it could back hard.
You Will never learn setups with edge for free online.
Plain and simple:
Selling options may work great for years until that one time it doesn't and you could lose your damn house. Not worth it to me.
Where did you learn to trade options like this?
This site is devoted to scammers. [https://www.scam.com/](https://www.scam.com/)
Lol - this is why I made [https://pumpadump.com/](https://pumpadump.com/) to scrape all the twitter, reddit and discord groups. I figured I need to get a lot of scammers to get a stock to be on top of the list. :P
Any input on ZipTrader, Humbled Trader, ClayTrader, or BoilerRoom offerings?
IMO, all of them post solid content without the hard sell and astronomical course/chatroom fees.
I realize their are tons of free videos which cover similiar content around. Has anyone found value in paying for a course which condenses information and provides a faster learning path?
I bought Clays program. It’s not a scam, but it’s not exactly a GREAT deal. I think it’s worth around 1.5-2k than 2.5k. Also, his strategy requires you to have at least 25k in your portfolio.
Humbled trader and ZipTrader look like total scrubs. They don’t ever show their profits. Having a track record is really important for me
TBH, Reddit is not the place to get help with day trading. I kinda look at Reddit as a joke as you go into discord rooms as a joke.
I do disagree on your comment that you can't trust gurus. I've learned under one (not a widely known one) and am very successful and consistent. I quit my full time job last year and trade full time now. I believe that there are a lot of good gurus out there, but the people who try to learn from them aren't able to execute their strategies. This is likely due to the psychological aspect of trading that most gurus don't address properly.
Can I ask what’s the watermark you hit in profits to convince you that you could quit your job and daytrade yourself to a reasonable income? Mind sharing your income before you quit your job and after?
Are there any legit sources like who can actually help you? Not these Miracle courses but actually help you how trading works and what are the losses, experiences and stuff, even like some good books? If anyone can help me that be great!
I've been watching alot of LiveTraders on youtube. They have a product they are selling but that's not the point of the videos. I feel like I've learned alot from them and I haven't spent a dime.
I'm also not paying a dime but have watched hours and hours of Jared on LiveTraders, it's amazing content for free
Live traders is awesome. Easy and simple to understand.
A lot of guys I don’t understand, they’re not clinical in how the relay info and it’s a jumble jumping from one point to another point.
Live traders keeps info simple, which is what I am lol.
This guys a complete joke
99% of trading educatiin out there is straight bs.. so your options are to find a trading buddy and learn together.. or hust teach your gawd damn self.. cuz everything else got a 9.9 out of 10 chance of being bs scam..🤷🏽♂️
Is SMB Capital a scam? Their training website sells training courses for $1,000's of dollars and have that scammy look and vibe like all other scammy websites do. I ask this because most people here believe they are legit and not scammers.
Note: I was thinking of interning at SMB and still am, if of course they are the real deal.
But their reviews on Google are pretty bad, though some positive ones.
Dont spend any money:
Take adam grimes free course
All are scams!
All of them. Anyone who's "business" model centers on teaching trading, is low quality at best and fraudulent at worst. Make money trading gurus are the next generation of make money online gurus. My YouTube is constantly poisoned with ads from that ginger/ w-a-r-r-i-0-r trading. Same with r-a-g-i-n-g bull.
Best advice anyone can follow is to not trust anyone and do you due diligence.
This one is such an obvious scam that I'm embarrassed to admit that I fell for it but the Rob Booker / Markay Latimer 1K Club thing that you might have seen youtube advertising for. The sheer blatancy of the scam is so jaw-dropping.
They take your money, never provide the products or services at all and if you try to contact them they never respond and the phone goes straight to voicemail. There are some scams that just have bad service but not providing the service at all is another level of greed.
I thought about rolling over and just taking the hit (about $49) but I just kept seeing their fucking advertising online and it was like they were rubbing it in my face and I couldn't take it anymore.
I have since filed a report with the FBI Cyber Crime office and with my state consumer protection agency. You can use these offices too!
This should be easy:
if someone asks you for money, its a scam.
there are no such thing as trading groups with profitable signals because if those signals were good, they wouldn't sell them. Simple as that.
I've never come across a trading chat or room that was worth any sort of money either.
This doesn’t make sense. If you are able to provide say 60% accurate signals that’s good enough to be worth money to people but not so good that you wouldn’t want the extra income
Sorry but have to agree this post does not make sense. You are not obligated to share your alerts and or signals to anyone and if you have a decent accuracy/win loss rate and you are not trying to scam or trying do anything like that just trying to find an honest way to help yourself and help others I can’t see anything wrong with that.
You don’t see anything wrong with leading people on like you’re some trading Guru when deep down you know you’re just another Joe Shmoe in the finance world? It’s called being deceiving
Hmm if someone is selling signals it is A. A reliable source of income for them and B. Improves the odds of their trade slightly because they are pumping the signal. So I would have to disagree as well.
Also, day trading can get boring so those who are consistent might make a course to help others. I imagine if I was consistent for 10 years plus I would love to share how to get there with others, for a reasonable price. I would probably do it for free if I was doing well enough, but my long term goal would be to either automate trades or sell a course for income instead of having to be at the computer each morning. I am not even close to being consistent yet but just thinking long term.
Makes zero sense. Plenty of trading groups are out there that actually make other people money. Whether they make those people better traders is subjective but most definitely there are ones that have helped people make more money. I've been a part of one.
The biggest issue is that the signal caller needs to actually call signals ONLY and not get caught up calling signals while trying to trade themselves with their own hands. If you have someone else that can enter your trades as you call them then awesome, but when you are calling the signals and splitting your attention with entering your own plays, it gets messy quick. This, especially if they are doing it via discord text chat. That's the worse trash ever. Signals pop up in one thread while 400 people are chatting in another thread, some crying over a 40.00 loss, and alerts popping up in other channels, your attention gets fk'd.
And the worse thing is if you post that you just made 1K, you get hammered with 1000s of DMs. That's why I never posted my profit takes in the official "profits" section lol. I'd always say " just got a quick 40 bucks" because I knew no one is going to DM me for that lol.
Voice, zoom, teams, Skype yadda, then yes it works very well.
I know this because I've seen it work poorly over chat yet work great over zoom/live chat.
This is totally false.
I found a good mentor and wouldn’t be where I was today without him.
How about MT4 EAs and indicators? Are they mostly scams?
What y’all think about 411 trading
there is only one way to do it: learn it yourself
Whenever i see a fratbro dude with a cap or a man with a suit with his shirt unbuttoned like those "This is how Alphas get girls" type. I bounce on out of their youtube page.
Anyone know what TrueTrader’s techniques are?
They trade flying or flushing stocks pullback. Or you can say volume top, volume bottom.
Normally when a stock hit high of the day, or moves pretty fast in any direction, we see 25-50% pullbacks. They try to grab this 25-50% pullback.
I have seen similar trades used by other trader using fibonacci retracement. They have some kind of scanner which tracks faster moves in either direction, and hod scanner.
This one stands out to me. I see that Dan guy’s ads all the time on all YouTube trading related videos.
Greenbar trading and any moderator at r/stockmarket. The whole r/stockmarket sub is there for the purposes of making money off if it's users. They all sell products on the down low.
You're a dangerous man to mess with
I signed up for the free PDF from Bull options and now I get tons of emails daily. I've tried to unsubscribe 3 times to no avail.
Anyone who needs a large amount of money from you for a course that promises insane returns is obviously a scam. Anyone can get the kind of results they’re promising shouldn’t need your money. Simple logic
Not true. Many traders develop courses based on demand. The truth is Trading is extremely difficult to learn, people want to know how to trade and they don't mind paying for a proper education.
Why would they sell a course if they can trade and make money? Thats like asking why a person would start a business if they work at a regular job making money already, or start an additional business if they already have one? Because they make more money genius.
Your "simple logic" as you call it is backwards and will leave you broke.
Almost all colleges, universites, and educational departments charge for their services but it's accepted. A person sells a stock course and it's a scam all of a sudden?
The truth is there are plenty of educational resources for trading. It is up to us to determine which ones are fake, legit, and which ones offer true value and the best for our money. Just like we would if we were going to dental or law school.
I have personally spent over 20k on courses and education. I have also made much much more than that from trading (education proved a solid investment). I will contonue to expand my knowledge and If I see something that interests me, I'll pay again.
I don't sell anything but I get tired of these noobs shitting on everyone because they pay for a course and want the easy money, but don't want to put in the work required for success so they call "fake!".
Take a course on welding pipe and you still have to put in the years and years of work required to smoke a hot bead, fill and cap. If you take the course but decide not to practice welding enough to make legit welds, then the course wasn't fake. You just didn't want ro put in the work. This is honestly the case with most so called "falke courses". Even some of the ones labelled here in this post as fake are actually good, legit courses.
you don’t need any trading services, what you need is couple good brokers and free discords rooms and facebook groups. Anybody tell you to join them for $$$ please do yourself a favor tell them to go F#%^*% off
Not a big fan of trading schools and I have been in the game for more years than some of these guys have been alive.
Some schools will point to 1 or 2 students that have done well - but the overall percentage rates of successful traders are likely horrible.
Run don't walk from any firm that states they are master technicians and will teach you their secrets. Charts tools are free, which is why they are used in the majority of trading schools. Professional traders pay for information, which is why you have never heard a hedge fund manager state that he/she is taking a position because of technical indicators.
The best trading firms, the ones where the traders stay for years, teach their traders to focus on fundamental data and news flow. A breaking news story can crush and technical chart patterns.
What do you guys think of tradertoks?
There was that guy retweeting other people's shit all day verbatim and he grabbed some people, I think.
I may consider doing zoom broadcasts while I trade at some point, but I don't know that I'd charge for it.
I understand lol. But i’m not promoting a link or influencer. Just a general suggestion
Does anyone use (or have) black box stocks? Thoughts?
Been using BBS for a month now. Very legit with the training and the calling of plays. Happy with results so far and I’ve learned a lot which I’m putting into my trading.
The mods are awesome.
The only negative for me is the amount of people posting on discord about stupid stuff, not the mods but the users. Takes away from the concentration of trading.
Please I need a broker
EagleInvestors discord pretty whack
Are the Investopedia Academy courses solid? Been trading a bit and performing tolerably over 100 or so options trades, but feel I need a stronger foundation.
Thoughts on Investopedia Academy day trading (or any other) courses? Think they’re more like $200.
Check out CBOE they have a few online courses that may be of interest and I believe they are all free.
Nice. Thanks, maign.
Lack of knowledge (education from an OG trader[find their books not videos]) you'll perish as a new trader... This isn't about finding and dependable solely on mentorship; but know, you're not alone as a person and sometimes we can find mentorship from *within*... Cutting it short; make mistakes, learn quick, don't assume you know all, take a break when your losses unbearable and go over them books again...
!!BEWARE OF SCAMMER @jsuffer OR @justinweber!!
*** CHANNELS/BUSINESS NAMES: #BlueFX, Wealth By Forex and FX Sharks ***
Manages accounts, has no risk management and completely blows accounts. Owes multiple people money, clients and employees.
Ask for audited broker statements
Adam Grimes has a free course, Linda Raschke had a fund that beat the market
The only two legit traders I know