Ross Cameron Small Account Challenge: up 100% in 4 days
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How do you get those hard to borrow shorts? One guy just complained about getting raped by his broker when he held a short too LONG haha.
I don’t always get them but as soon as my system initiates (virtual) trades I place equivalent orders at multiple brokers and see which ones give me fills, whether IB, LightSpeed or TDA. However, I initially got surprisingly better results from IB because some orders for stocks not available for shorting get filled later and at better/higher prices, so I stick to IB for simplicity of accounting, and trade small volume opportunistically. I guess IB releases shares for shorting when other shorts blow up and need to cover, and some qty becomes available through IB. I don’t always get all the qty I want either, but at least my live results are sometimes better than paper trades (both positive). Due to low liquidity and high risk for now I just trade these experimentally at small qty to verify the strategy (and for the exact purpose of studying short availability) and I may publish paper vs live results in the future. If this continues working well then I may also look for a prop firm that has better access to shorting stocks as a partner, but my main focus is higher liquidity and higher capacity. Also starting to work on auto-trading options and I suspect that penny stocks may be a good training ground for trading options due to similarly high volatility.
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Ross Cameron is a fraud, sorry to burst the bubble. Students in media marketing study him because of the large scale of his marketing operation. He is a great marketer selling the dream - a Charlatan. Read this review :
https://www.tradingschools.org/reviews/warrior-trading/
https://www.tradingschools.org/reviews/warrior-trading/
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While I'm not a subscriber of Steve Dux(I trade very different instruments and different types of stocks than him), I have seen his YouTube videos. He's the only one who actually show his P&L from TradeZero.
He sounds legit. I never used his services. Just noticing he's the only stock guru with a chatroom that actually shows his P&L.
He sounds legit. I never used his services. Just noticing he's the only stock guru with a chatroom that actually shows his P&L.
Emmet Moore is no angel, just so you know. Not saying his review of this Ross person is inaccurate, but Mr. Moore, a convicted criminal who admitted he peddled the same BS to unsuspecting investors back in the 1990s, is biased to bash the shit out of everyone first, before reversing course later. Use caution when reading tradingschools.org.
He is a reformed Gordon Gekko, trying to remake a name for himself by trying to call out himself in some weird form of reverse repentance.
Of course with so many traders buying something from Ross, many (or most) will lose money and complain. But at least here is some info that may validate his results:
https://www.warriortrading.com/verified-earnings-2017/
https://www.warriortrading.com/verified-earnings-2018/
https://www.warriortrading.com/verified-earnings-2019/
(also some statements from 2016: https://www.warriortrading.com/2016-year-trading-statistics/)
And a LightSpeed representative (Robert Morse) confirmed in the past here on ET that Ross' results in general are authentic (meaning he did grow his account at LightSpeed through trading). I cannot find that post now, but a few people were commenting on it, so some may remember it.
Just took a look at a sample statement and it’s showing 129 trades in January 2019 where he paid $1740 in commissions. That’s more than $10 commission per trade, and I think that some brokers offered $10 per trade commissions. I didn’t try to calculate commissions per share.
But this discussion shows how easy it is to dispute anyone’s results no matter what info they provide
