What % Of Trading Educators Do You Believe Are Legit?

[KCalhoun]

What does 5 million in trades really mean? From a decade ago. I did 1200 equity index futures sides today. What would that mean with that metric? I really don't understand what you are bragging about.

No brag, in fact for that much trading my profits were low. Just showing proof I have extensive real-money experience traders can learn from.

==>> How many other educators can show tax return proof they've profitably traded that much??

 

[2rosy]

They are selling the dream. Does it work? 100% NO. trading, house flipping, coding academies, sunday morning infomercials with Tom Vu ... all the same

 

[KCalhoun]

They are selling the dream. Does it work? 100% NO. trading, house flipping, coding academies, sunday morning infomercials with Tom Vu ... all the same

Agree.

Unlike others, I don't sell the dream, I'm about harsh reality. Trading is hard as fxck and is a grind, most people lose money and never become profitable. And end up homeless living under a bridge like a troll, lol.

But - an authentic real-money trading coach can potentially show traders useful advanced savvy tips based on lessons learned.

 

[minmike]

No brag, in fact for that much trading my profits were low. Just showing proof I have extensive real-money experience traders can learn from.

==>> How many other educators can show tax return proof they've profitably traded that much??

I agree. The question still stands what that number really means. Is that your best year? Why is that the number/year you use?

 

[Sweet Bobby]

Agreed. Many bs educators make phony performance & profitability claims to hawk their stuff -- that's wrong.

As are educators who lack extensive real money recent trading experience, claiming to be able to teach traders, when all they do is regurgitate basic chart patterns.

Personally, I make no performance nor profitability claims (and have lower sales because of it, than dishonest competitors). But I'm trusted by so many because I really trade, and accurately teach my lessons learned. #value

"But Ken, why should I learn from you if you can't promise consistent profitability, trips to Bali and a Maserati?" lol

Answer: all the experience of trading for 21 years, millions worth of orders and lessons learned. Without the BS.

View attachment 221674

Could you share your 2019 as well?

Thanks!

Sweet B

 

[BearTrades]

I agree completely. I think most educators don't trade, make phony performance claims, overcharge, are incompetent, have no tax return proof they've ever had a profitable year, and are mainly internet marketers.

The SINGLE biggest problem is because they aren't skilled authentic traders, all they focus on is detailed unimportant chart patterns & ta. Honestly, they lack authentic risk management / small stop-taking experience, which is the MOST important skill.

As I've published, "the math is a lot more important than the chart patterns". But the majority of educators can't teach that with recent real trades (like I do), because all they do is talk dumbass chart patterns.

Scaling, position sizing, re-entries, trailing stops, the specific sequence of decisions you make in a trading day, how you handle gaps against you (like I had to today in UVXY etc); THAT is far more important than chart patterns. #truth

The truth is that trading is 90% math, position sizing, tiny stops, knowing when and how to capitalize on volatility using market internals with specific strong breakouts etc.

Traders fail because they've been misled by "chart talkers" vs P&L focused authentic traders. My biggest challenge is I trade such small size it limits my income, eg for me up 5k is a good month, by leveraging my experience via teaching I do better; it's a win-win.

If any educator makes performance claims, make them show tax return proof. Run away from anyone without proof they trade, caveat emptor. Seriously, you guys might be surprised most of you probably trade a lot more than well known educators who are busy posting on social media etc lol

Plus the bs young daytrading wannabe chatroom operators claiming to make 1000s of dollars trading bullsht low float under $10 stocks, it's a long con. Example, they use multiple mirror accounts, in which when they go long publicly, an offscreen confederate simultaneously goes short, so their risk is negligible. Or passing off demo sim as real, to impress newbs. Hint check time & sales DOM to verify, you'll see nothing because they're faking it. Sophisticated cons.

To out them, request they make a oddlot large trade like they claim they do daily, eg "can you do a trade with 1255 shares right now?". Watch the tape carefully to verify that a real trade of that size actually prints. It won't, because they're on sim. If they kick you out of the room for asking, you'll know for sure it's likely a con.

I think some of the big name gurus are actually putting up big money but it's likely from front running their subscribers lol.

 

[KCalhoun]

I agree. The question still stands what that number really means. Is that your best year? Why is that the number/year you use?

Because that's my most active year ever. I did thousands of real money trades during 2018-2019 in my Fidelity SEP which is the only account I've been daytrading these last recent years.

 

[Sekiyo]

Zero until proven otherwise.


My take is they learn from the TOP -> DOWN.
Reality is wilder, more uncertain and risky than theory.
They forget that the only teacher is experience + feedbacks.
Apprenticeship is 80% practice, 15% feedback, 5% theoretical.
They have the wrong models. They believe they know it all.

They can't stand the heat.

When reality refute their views,
They go hide themselves behind another book.

As to methods, there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble.

- Harrington Emerson

 

[Dazz]

Agreed. Many bs educators make phony performance & profitability claims to hawk their stuff -- that's wrong.

As are educators who lack extensive real money recent trading experience, claiming to be able to teach traders, when all they do is regurgitate basic chart patterns.

Personally, I make no performance nor profitability claims (and have lower sales because of it, than dishonest competitors). But I'm trusted by so many because I really trade, and accurately teach my lessons learned. #value

"But Ken, why should I learn from you if you can't promise consistent profitability, trips to Bali and a Maserati?" lol

Answer: all the experience of trading for 21 years, millions worth of orders and lessons learned. Without the BS.

View attachment 221674

showing a brokerage statement from the 11 years ago with no name posting $16K (with how many trades) is a joke. Then pasting red lettering of $4.9MM seems to be a scam.

 

[Dazz]

I believe a large reason why so many retail traders fail is because there learning from conmen. Your take?

There are about 1982 futures trading rooms right now; about 99.6% of them do not trade, meaning they are all sales rooms. That tells you selling is far easier and more profitable than trading. There are only 8 rooms that trading real time.