Ross Cameron Small Account Challenge: up 100% in 4 days

[Overnight]

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

This is what I see...

Gross profit before platform, wiring fees and TAF Fees/Credits: $54,969.60

Net Profit after Fees/Credits: $54,968.38

*shrugs* I just don't understand stock trading. Sorry about that.

 

[Seaweed]

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.

I remember this post. You have to actually read it yourself because although he did say something like what he says does match the statements, I feel like there was almost something left out.

I'm not saying this following thing is the case, but if you have two accounts, one which is profitable, then you can claim that those trades and fills are legit. But it's not the whole story because the other account shows the full picture.

Obviously Robert cannot go into details, but I felt his comment left too much unanswered.

 

[guru]

I remember this post. You have to actually read it yourself because although he did say something like what he says does match the statements, I feel like there was almost something left out.

I'm not saying this following thing is the case, but if you have two accounts, one which is profitable, then you can claim that those trades and fills are legit. But it's not the whole story because the other account shows the full picture.

Obviously Robert cannot go into details, but I felt his comment left too much unanswered.

Understand. And it’s not my job to prove or disprove something, but at least I’ve seen more proof than disproof. There also may be some audit firms putting their names behind him when he posts audited statements.
So imagine proving something with statements and specific numbers, while doubters not doing any work to invalidate specific numbers but just throwing out negative slogans.
And even if he paper-traded, people see his trades live and can verify the stock price during entry and exit. He also streams and later reposts some videos where price can be validated. Personally I just wasn’t able to validate his volume and that was the only thing I wish I could’ve spend more time on when seeing his trades live in the past.

And I’m actually looking for someone to look up to in the penny stock space and see how they trade because we need to understand if/why/how something works, or doesn’t work. And I hear that 90% or 99% of people lose, so what about the remaining 1% or even 0.01% that win? If there is absolutely anyone making money in penny stocks (trading long) then who?
And why no one posts specific proof of Ross being a fraud, with specific trades and showing why they weren’t possible.
Even just the volume of data and live videos that Ross provides would require hiring a team of professional crooks to doctor. But professional crooks get better pay at banks and hedge funds

 

[guru]

Oh, and I forgot one of reasons I posted this challenge, which is for doubters to have fun following along and investigating and doubting professionally.
If no one spends any time verifying anything then all trading challenges won’t make any sense and we’ll never find a single successful trader besides @destriero , but then who’d he compete against

 

[Overnight]

...
And even if he paper-traded, people see his trades live and can verify the stock price during entry and exit...

*Spits last week's dinner all over the screen.*

OMG man, that makes all the difference in the world! Real money and fake money are mutually exclusive!

 

[comagnum]

Those so called trading records have no validity - it can be easily gamed. Lightspeed isa broker partner for WT, they are getting a great deal of business fro

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.

Those so called 'trading records' can be easily gamed - there is no fiduciary/ auditing firm signing off on them. Ross is one of the most aggressive marketers
on the web - owning countless sites, with his titles scam/fake being reviews that praise him - how convenient.

WT's broker partner is Lightspeed which must have gained a lot of new accts through him. When Robert Morse was making claims that WT is legit it sure seemed to me he was getting into deep water since LS is surely gaining a lot of new accts from Ross. He vanished right after that. Robert did not do an audit of Ross's acct.

The last thing these newbies should doing is trading the most volatile low float stocks. He needs your money desperately - no doubt he puts in 80 hours a week on marketing/promoting. The data Ross provides is flimsy since it can be gamed. Real pro traders gladly provide audits comprised of their broker/IRS & related bank statements.

Ross Cameron is like a religion to those that really want to believe - nothing will change their mind until they go bust. Any real trading he may do he is no doubt front running his subs.

The last thing a newbie should be doing is trying to trade breakouts on the most volatile micro/small/penny stocks.

 

[guru]

*Spits last week's dinner all over the screen.*

OMG man, that makes all the difference in the world! Real money and fake money are mutually exclusive!

Does anyone even say that his trades are possible on paper but not possible in live trading?
If you can prove any of his trades to be impossible then it should be impossible on paper as much as in live trading (say the price and time don’t match).
And his doubters seem to believe that his profits are not possible at all and are outright fraudulent, so they wouldn’t be possible on paper either.
The issue is that no one ever reported any of his specific trades as fraudulent, whether live or even on paper, showing why/how it’s fraudulent and what doesn’t match real/live market data.
The guy is showing specific trades while everyone else provides fluff as proof of his fraud. It should be the opposite: usually fraudsters provide fluff and then everyone else shows specifics of why it’s fluff.

 

[Overnight]

Does anyone even say that his trades are possible on paper but not possible in live trading?
If you can prove any of his trades to be impossible then it should be impossible on paper as much as in live trading (say the price and time don’t match).
And his doubters seem to believe that his profits are not possible at all and are outright fraudulent, so they wouldn’t be possible on paper either.
The issue is that no one ever reported any of his specific trades as fraudulent, whether live or even on paper, showing why/how it’s fraudulent and what doesn’t match real/live market data.
The guy is showing specific trades while everyone else provides fluff as proof of his fraud. It should be the opposite: usually fraudsters provide fluff and then everyone else shows specifics of why it’s fluff.

Trades on paper are very possible on live. But were they live trades? It makes a HUGE difference.

 

[Overnight]

Trades on paper are very possible on live. But were they live trades? It makes a HUGE difference.

Here are my paper trades for this week. Just a habit I have now. Yeah, they would have worked with real money. But I do not have enough money to back them with any feeling of safety from the margin call perspective, thus I did not do them live.

It's a game of bullshit, man.

 

[qlai]

@guru, why did you start this thread exactly?