I believe most of the trades executed and streamed are paper simulations in real time. When you make over 400k a month in subscriber fees; trying to grind out 20-50k a month trading while risking your reputation is silly. Do these guys like Ross Cameron push these penny stocks because it maximizes the potential pool of subscribers? I.E They are preying on the poor and uneducated who don't have the money to trade $20-400 dollar stocks hence why they stick with stuff between $1-10. Its a good business model, but arguably worse morally than MLM companies like Herbalife .
Warrior Trading/Timothy Sykes stock choices
- Thread starter benben245
- Start date
Remember too by the time they push those stocks to their legions of members of their advisory services, they have already taken their positions. Why do you think they are able to boast of those huge returns? They front load those trades. Their students end up fighting for scraps because that volume spike is temporary. Then, they short it on the way down knowing it will collapse! Then, they can say see? I made these great calls. Bought Timothy Sykes videos (Ebay) just out of curiosity and it does not take a genius to see what he is doing! This is for day traders only.
Yes I agree that's the initial allure before you build subscribers; but after your pulling in 500k a month the downside to such a play is you will lose students in the long term as they lose money.
""don't cry for me, argentina.
don't cry for timothy sykes.
as the old saying goes, "there's a sucker born in every minute." p.t. barnum
I don't know about Sykes, but I follow Ross. He is super transparent which is very commendable. If you think he simply pumps his stocks then join his chatroom and front run him. I ve read someone bragging about this. You will most likely not have the skills to do it.
Hm ... Sadly I agree with you. However, I will give you the other side of the argument. If you are an aspiring retail trader, learning from Ross is not the worst option. You will get the generic education PLUS a "workable" strategy. This should give you a chance (cushion) to expand to other strategies. So I'm glad Ross is out there sharing what he does. Just understand it's a hot potato strategy on a split second timeframe an trade accordingly.
Bingo.
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