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

[guru]

Steven dux is a scam artist.

His most recent video shows he lost $25k in may, but on twitter claimed he made $76k in profit that month.

https://twitter.com/x/status/1132741302372618240

Also interesting how in this video he said he had a pretty decent Jan, feb, and march, but in his latest video he had a $150k loss in march.

Well, he shorts the exact same stocks and setups that my algo trades, so I wouldn't even believe that he can't make money.
Except I have 100+ setups/algos for shorting, while he seems to trade only 3-4 setups.
I thought he is also trading long, which I cannot do. But shorting those works 65% of the time, at least when shares are available for shorting.
And I'm trading very small amounts, like 0.5%-1% per trade (say $500-$1000 on a $100K account) and can lose more than I put in. But I make about 5-20 trades per day and most of them pay off over long term, just like casino wins over many bets. Though I still have lots more work to do before daring to build larger sizes.
I mean most penny stocks that spike 300%+ don't have a reason to stay there, so how would it not be possible to be extremely profitable doing this?
The only mistake traders make there is by making occasional trades and using too much of their buying power, then blowing up.

 

[tradebynumbers]

The only mistake traders make there is by occasionally making one trade and using too much of their buying power, then blowing up.

Trading with too much size is probably the biggest problem most day traders have, followed by not using stops and profit targets.

 

[trader99]

Did you ever look at his channel? Why is he desperate to put out soooo many videos? That's also a red flag. Think about it.

By the way, you never answered my questions. Are you staying out of GC?

Yeah. I haven't traded GC in months. I have indirect exposure through gold stocks, which has done well. Thanks for asking.

 

[tradebynumbers]

This guy, Jared Wesley seems to be knowledgeable. I've watched a couple of his free videos. Has anyone bought his products?

 

[Overnight]

Yeah. I haven't traded GC in months. I have indirect exposure through gold stocks, which has done well. Thanks for asking.

Thank you for listening.

 

[guru]

Here is also a video from a well respected prop firm talking about shorting penny stocks.
We all short the same stocks because there is limited number of them pumped each day (before being dumped).

 

[Amun Ra]

Well, he shorts the exact same stocks and setups that my algo trades, so I wouldn't even believe that he can't make money.
Except I have 100+ setups/algos for shorting, while he seems to trade only 3-4 setups.
I thought he is also trading long, which I cannot do. But shorting those works 65% of the time, at least when shares are available for shorting.
And I'm trading very small amounts, like 0.5%-1% per trade (say $500-$1000 on a $100K account) and can lose more than I put in. But I make about 5-20 trades per day and most of them pay off over long term, just like casino wins over many bets. Though I still have lots more work to do before daring to build larger sizes.
I mean most penny stocks that spike 300%+ don't have a reason to stay there, so how would it not be possible to be extremely profitable doing this?
The only mistake traders make there is by making occasional trades and using too much of their buying power, then blowing up.

I didn't say you can't make money with penny stocks. I just posted proof he is lying about what he makes. Plenty of con artists can post legitimate trading strategies...that doesn't mean they turned $27k into $3 million. But if you don't claim to have made millions, nobody will buy your course for $1,000 or pay $500 to see you speak.

When people show you spreadsheets of what they made vs an actual screen shot of their earnings to date from a well known broker, it's a major red flag.

Here's a screenshot of his supposed $1.24m earnings as of last month, but for some reason his video says he only made $879k for the year and it certainly doesn't say he lost $350k for the month of December.

 

[guru]

I didn't say you can't make money with penny stocks. I just posted proof he is lying about what he makes. Plenty of con artists can post legitimate trading strategies...that doesn't mean they turned $27k into $3 million. But if you don't claim to have made millions, nobody will buy your course for $1,000 or pay $500 to see you speak.

When people show you spreadsheets of what they made vs an actual screen shot of their earnings to date from a well known broker, it's a major red flag.

Here's a screenshot of his supposed $1.24m earnings as of last month, but for some reason his video says he only made $879k for the year and it certainly doesn't say he lost $350k for the month of December.

Thanks, good points. Those heavy marketing efforts and spins and turning trading into coaching always get in the way of trading itself.
I’m never sure who to believe in terms of trading.

 

[trader99]

I didn't say you can't make money with penny stocks. I just posted proof he is lying about what he makes. Plenty of con artists can post legitimate trading strategies...that doesn't mean they turned $27k into $3 million. But if you don't claim to have made millions, nobody will buy your course for $1,000 or pay $500 to see you speak.

When people show you spreadsheets of what they made vs an actual screen shot of their earnings to date from a well known broker, it's a major red flag.

Here's a screenshot of his supposed $1.24m earnings as of last month, but for some reason his video says he only made $879k for the year and it certainly doesn't say he lost $350k for the month of December.

https://twitter.com/x/status/1189694223269924866

 

[trader99]

I didn't say you can't make money with penny stocks. I just posted proof he is lying about what he makes. Plenty of con artists can post legitimate trading strategies...that doesn't mean they turned $27k into $3 million. But if you don't claim to have made millions, nobody will buy your course for $1,000 or pay $500 to see you speak.

When people show you spreadsheets of what they made vs an actual screen shot of their earnings to date from a well known broker, it's a major red flag.

Here's a screenshot of his supposed $1.24m earnings as of last month, but for some reason his video says he only made $879k for the year and it certainly doesn't say he lost $350k for the month of December.

What you are saying is very disconcerting! However, he did say he has 3 separate accounts. I will give him the benefits of the doubt that the discrepancies is from different accounts.

Having said that, I would like to see a good audit of ALL 3 accounts before I take him seriously and not a fraud.