Trading educator gets arrested in front of students

OOPS... I see guys on a certain message board who solicit funds to then trade and share profits. I am sure they will get nailed, they have no idea that you must be licensed and regulated to do so in USA.

Even taking in money from friends and families is a bad , bad idea
 
I'm not so sure it's greed. Sometimes I think people just want to believe something, and they cling on to it. I watched a guy that live trades on youtube the other day. I have to give him mad props for being truthful at least, but all he ever did was lose money. He's got all these charts up, and these little dots and lines just all over the place, and he just consistently looses money. But every day, there's like over a hundred people on there watching him. I swear, if he had no charts, no lines, no flashing dots, and called trades that made money, there'd be no one watching him trade.
 
sandp500trader said:
Funny how people always fall for these scams. If someone can successfully trade the way he claimed he could, guess what, he would not need your money.
More...

I was about to say that. You beat me to it. Really if he can teach me how to trade, all I have to do is just follow his instructions and I will be able to make just as much as he does, why would I need to give him money? But then again when your ego is being puffed up by his masterful stroking, you don't think straight. Apparently he's a master at blowing up egos.
 
JSOP said:
I was about to say that. You beat me to it. Really if he can teach me how to trade, all I have to do is just follow his instructions and I will be able to make just as much as he does, why would I need to give him money? But then again when your ego is being puffed up by his masterful stroking, you don't think straight. Apparently he's a master at blowing up egos.
More...

And encouraging people's greed, I bet.
 
Glad I never paid any big money for anything, once or twice paid very cheaply for some report, all of them dissappointments and unusable.
Hard to know what's what, but when I hear "you'll make it back in one trade", yeah riiight. Cultists always make bold claims on others' behalf.

It's all in the dreams and hopes, and those need to be abolished, but not your drive to work. No guarantees!
 
cipher said:
after 4 years has passed, Harris is back with an all new AI indicator, with all sorts of machine learning buzzwords.

https://intelligenttraderinc.com/

interview:
More...
The website says
How fast would your account grow if you could predict the future?
AIFS Changes Everything!

But they don't provide much evidence other than that their software draws lines on charts that are supposed to predict the next 6 hours of price movement like
intelligentai_4.png

So, if it really worked, they should have been able to show it better (e.g., with actual trade results).
 
ph1l said:
So, if it really worked, they should have been able to show it better (e.g., with actual trade results).
More...

true, if the indicator really gave robust signals, why not turn the indicator into an automated system by performing the execution on the signals, and providing actual backtest results, etc
 
You must log in or register to reply here.
Back
Top