After reading the first three pages I already discovered his trading style is not for the newbies under us and will most likely not make more than 10% of the jellies a profitable trader.
-He lost $94k on one day, when he averages 6k profit a day.
Terrible risk/reward ratio and a blow-up waiting to happen for the jellies, who most likely are undercapitalized compared to the don.
-Don scalps and makes $6k with 3000 roundturns. Thats $2 a roundturn and will mean a $3000 loss for the jellies if they copy his scalping due to a normal rounturn being $5 and not $1
-he scalps, but doesn't uses stops, but averages in. This is a so-so trading method that a guy named jreality will agree with me, because this other guru is also using this strategy, making $250 on a winning day and losing $20k on another day, while his subscribers like Jreality were losing money.
-talks about "discounted" price. SNAKE OIL salesmen alert!
Question is, he must have known this his strategy doesn't work for all the jellies. Yet he still asks for $7500 a piece. Is this immoral or just good salesmenship.
You can say the same about brokers, every broker out there must have stats of how many traders fail or succeed. The rate is probably 95%+ fail rate, maybe even 99%+ fail rate. But no single broker publishes that stat. Is that immoral or just good business sense.
I think those jellies wanted to be scammed. They are living in a dream about becoming rich. They rather get scammed and stay in the dream for another year, than wake up and realize becoming a profitable trader means you have to do everything yourself.