Chatroom gurus claiming to have $100k days -- total BS?

[Millionaire]

But the amount of gullible idiots is quite amazing.

I think a lot of it is desperation. Being broke but desperately wanting to be wealthy.

 

[trade2020]

@Guruleaks1 on Twitter

 

[Tradex]

Scan the market for unusual volume and price increase, could be the start of the mark-up.

True.

This strategy works even better with stock options...

 

[trade2020]

Of course the FTC did crack down on OnlineTradingAcademy - but they did not shut them down -they are still in business after agreeing to pay huge amt

https://www.ftc.gov/news-events/pre...uires-online-trading-academy-forgive-consumer

 

[trade2020]

Probably there will never be restrictions. The big money probably likes all the Fintwit guru hucksters luring people into trade to get rich - more easy money for the smart big money to extract from more uninformed over leveraged retail wannabes

 

[Tradex]

Do you folks actually honestly believe that chatroom small cap guys are making $100,000 profit real money in 1 day?

$100K profit per day, with that kind of income why would they even bother with chatrooms ?
The bigger the lie, the more people will believe it, as they say...

 

[snowman80]

there’s no fraud - read the disclosures

‘live trading’ does not equal trading in a production account

you can be trading live in a demo account

 

[trade2020]

Even “IF” some of these trade gurus have real accounts (which I seriously doubt) it’s a whole lot easier to take big risk big reward plays over and over when you’ve got 1,000 people paying you $100 to $299 a month as your trading Capital is quickly replenished each month

like this person as an example

https://www.warriortrading.com/verified-earnings-2019/

$100K profit per day, with that kind of income why would they even bother with chatrooms ?
The bigger the lie, the more people will believe it, as they say...

 

[Tradex]

there’s no fraud

No fraud does not mean you are not deceiving people, one way or the other...

 

[deaddog]

Who is the regulator for selling educational courses?

Is it even regulated?

What is to stop me from making a CD and selling it to someone gullible enough to buy it?