He is a scammer. But scammer in a different sense, not the typical sense.
He does not make money trading. He makes money selling dreams, and selling greed. .Puts up his pictures and videos to entice people and to get them signed up. By showing his money around, he gets people enticed and makes them thing they can do it only if they follow his strategy.
But the truth is, all the money he makes, it is not by trading. He makes his money selling dvd's , Selling courses, selling videos, selling alert services and running other ventures , other traders alert services commission from brokers etc. That is how he makes his money but not trading.
No wonder his hedge fund collapsed, Returns from alerts have been declining every year.
How does he even get those declining results , its simple
He trades penny stocks or stocks which are low float and low in volume thus making them easy to manipulate. Then he buys or shorts them and alerts it to his subscriber base. His un-informed ignorant subscribers quickly follow him. When the whole subscriber base follows him, Those low float low volume stocks suddenly get a surge in volume. As the low float low volume stocks have a pretty big spread, they quickly jump due to the buying. He later dumps the stock to his subscribers which are following his alert. So they push it up for him and he sells on them to make his money.
Thus even though there was no strategy etc. He can still make money while his subscribers lose. A few people who got in early would have made money, then he calls them his top students and posts about them that they made money, but what about the 90% subscriber base that is losing money.
If the stock fails to move after his subscribers were alerted, He adds small position to alert them again and again lol.
If that is not enough, After getting into a position he writes a blog post about it and gives it out for free enticing the public to push it up for him.
So in essence there is no strategy, if there was he would trade proper liquid stocks.
Also all his DVD's and video lessons are the same, just talking about how much he made here and there, but no educaiton whatso ever. In his millionaire challenge he basically charged 5-6 k and gives you all his dvd's, manuals etc plus 1 yr in his alert service. What sort of millionaire challenge is this lol. Just bundling up his services .
To test the millionaire challenge out. A few guys tried something. He says i do not accept everyone, and only accept committed students etc, but that is BS and just to create hype. 5 of us gave interviews at lest 2 different times, Totally different everytime and even acting like we do not understand everything etc.
We were selected each time lol, They said its fine, just enroll right now. You are chosen lol. He said we only accept a few students each year, then how did all of us get selected ALL the time lol.
Investimonials.com is also owned by him, so no surprises the reviews will be good, there is no way to know he there were some that were deleted.
Profit.ly where he posts his stats is also owned by him, so he can input whatever even if he did not actually take the trade. But i am sure he did, easy to pump it to your subscribers.
He sometimes alerts a low volume , low float stock right around the close so that its a scramble for his subscribers to buy and it pushed the price up at the close and some of them buy after hours or pre-market which makes the stock gap up and he immediately sells. In his alerts he says, he plans on holding it for few days or even a week, but as soon as his buyers get in and price is up a few cents, he dumps it on them..
Tried out all his services, total waste of money and he is no legit.
However, i will recommend his book, Million $ hedge fund, that was a pretty good read. He is a motivating person in terms of making money, but if you are looking to learn how to trade, then run far away and look elsewhere
