Stock/Option trader with 2 decades experience, Ask Me Anything

His average year is over 50% and his worst year is not even down 20%. He started at 10k and has been doing this for 19 years so say 25 million? Why does he need any income from his chat group and how it adds up to 10% of his income?

I would imagine that best scammers do sound like honest guys
 
sle said:
His average year is over 50% and his worst year is not even down 20%. He started at 10k and has been doing this for 19 years so say 25 million? Why does he need any income from his chat group and how it adds up to 10% of his income?

I would imagine that best scammers do sound like honest guys
More...

He probably pays himself a salary or something like that.. but you are totally right, he's looking to drive a crowd to his blogsite/chatroom etc... and someone who has an alternative motive is not totally 'honest' in what they say or pretend to be.

Plenty of those around here on ET.
 
But seriously, I can make 200% on a 50K account, but if my living expenses are 100K, I only carry over the same 50K every year. And I didn't even account for taxes... I don't know why everyone thinks of exponential growth...

Simple math >>> great expectations.

Now I didn't like the idea that he had a room, but it is also closed for new subscribers, so there is that. Hey, I applaude him for doing the AMA, we should have it here too with all the 1000s of profitable posters... :)
 
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