They do have helpers that explain some trades and add commentary. While the main trader also gets help/tips from users about which companies just announced something or are on the move. Even the best trader can’t be aware of everything going on, but once alerted they can take a quick look at a chart and decide to get into the trade.
Chatroom gurus claiming to have $100k days -- total BS?
- Thread starter KCalhoun
- Start date
They do have helpers that explain some trades and add commentary. While the main trader also gets help/tips from users about which companies just announced something or are on the move. Even the best trader can’t be aware of everything going on, but once alerted they can take a quick look at a chart and decide to get into the trade.
Nothing to think about. That's obvious. And 99.999999% of them are #furu because they are con men , not for a second income
REally? You must have limited abilities then. It take 5 seconds to tweet or post in chat, less than that if audio
that said , I still think the chat guys are scammers
Most of them are charlatans in youtube. 22 years old kid teaching us stock market with how many years experience?There is a lady wit glasses on youtube, she is good at using software as if if she was there to teach you different companies' platforms rather than teaching you how to trade. Meantime, she talks about penny stocks to beginners. How can you trust people like her?
They can see what the guru is doing now, true. However, they cannot see the trade the guru placed on another account, the day before. Unless, you live with the guru 24/7 and guarding him, how the hell are you to see what he is doing all the time? If he were doing what he was doing, do you think he would show it to his students? The account they see is the one with a token trade to make it seem they are trading with their students and kosher. That develops credibility but, for hundreds of thousands of dollars of easy monies, who is not going to be tempted to grab that money? That is why it is called "front loading".
First, there's a big difference between someone claiming to make "100,000 etc. in a single day" vs. someone who can "regularly profit $100,000 in a day." Which do you mean?
Second, and in response to the second part of your post quoted above -- do you feel "need" is the only possible motivation for selling courses/chat subs? I don't, at least not if you're referring to "financial need."
Sorry if it seems like I'm over-parsing your post or being nitpicky about semantics... but I believe there are meaningful distinctions that can be made, depending on what you meant.
Hi, thanks -
I find it hard to believe that people uploading YouTube videos claiming to make $100,000 net real money profit trading cheap stocks in 1 day are being honest.
I believe repeatedly doing this even less likely. I know daytrading inside out, having traded since 1999 and being a top industry expert on the topic.
Making unrealistic or dishonest real money performance claims to mislead traders for financial gain, eg selling expensive chatroom subs/courses is a clear ftc/sec violation.
There are unfortunately quite a few people doing this. It's not a matter of if, but when these type of operations get ftc/sec compliance actions.
In the meantime, "if it looks too good to be true..." Ask yourself 'what's the truth of the situation?'
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Wrong
While you are correct about livestream traders there are plenty of people on StockTwits and Twitter that sell trade education services that don’t live stream and just post screen shots
Also there are livestream traders who only stream partial view where the account type is not shown and simply show P&L and the stock chart. It’s a lot different trading big on volatile stocks with a “demo” Acct with virtual funds no possibility of a loss than trading with real money on the line
does every livestream trader do the above? NO
But there are plenty that do
@guruleaks1. Twitter
While you are correct about livestream traders there are plenty of people on StockTwits and Twitter that sell trade education services that don’t live stream and just post screen shots
Also there are livestream traders who only stream partial view where the account type is not shown and simply show P&L and the stock chart. It’s a lot different trading big on volatile stocks with a “demo” Acct with virtual funds no possibility of a loss than trading with real money on the line
does every livestream trader do the above? NO
But there are plenty that do
@guruleaks1. Twitter
So out of the millions of people who trade, and the thousands of people who post their trading results on YT/social media, you find it hard to believe that there are at least *some* who are actually making that kind of $$?? Wow, I don't. Just "statistically," I don't find it implausible at all -- and then even less implausible for the ones that I've at least semi-"followed" over the years, and for whom I've seen various "evidence"/"verification" of various forms. And surely you remember the Internet Bubble, and the kinds of crazy profits that even non-traders were making in that type of market environment.
The way I look at it: People are capable of doing incredible things, and have extremely complex and varied motivations for doing what they do. There are Soros'... there are (many tens of millions more) traders who fail... and then everything in between those two extremes. The Internet, social media, etc. have allowed us to see the tremendous variation in human beings and way more outliers than ever before. Almost nothing that people do surprises me, even if I don't blindly accept everything I see on the Internet/social media as being authentic.
