Another YT 'guru' selling an options course (that doesn't even exist)

Discussion in 'Options' started by ffs1001, Aug 29, 2021.

  1. ffs1001

    ffs1001

    I don't normally spend time on these sorts of things, but I quite enjoyed some videos by a chappie called Nameer Haddad on a YouTube channel called Options Tycoon.

    In the text bit, there's an offer of a FREE masterclass, and when you click the link (https://optionstycoon.com/masterclass) you get a webpage with an error. Pressing the 'Go to Home Page' gets you to enter your email address so that he can alert you when the 'masterclass' is available. For laughs, I provided by dummy email address and I received an amazing opportunity. Check this out - he'd given me the right to buy an options course that he's thinking of writing, for a MASSIVE early-bird discount of 50%.
    Note that this course doesn't actually exist yet (he makes that clear). However, if and when, he decides to create it, then I can have it for the bargain sum of $499 rather than the public price of $997. How lucky am I?

    Oh, and it's non-refundable.

    And....and....to get this once-in-a-lifetime bargain, I need to respond within 24 hours.

    So, I have the opportunity to sent $499 to a stranger on the internet, for something that he admits himself doesn't yet exist (and maybe never will), and even if it did exist, one day, it could simply be a cut and past of Investopedia articles.

    OMG. What should I do, guys? Need advice.

    Here's his email giving full details :

    The new course will be focused on selling Options for generating a consistent income while minimizing risk significantly; the unique thing about it is that it’ll have a high probability of profit with almost a 1-to-1 risk/reward, which is something you can’t achieve with the conventional strategies.


    It’s an amalgamation of different strategies, tweaked, optimized, and fused into one.

    Here’s how it is structured:

    Module 1. Introduction.

    Module 2. I discuss the problems with the conventional iron condor and why I don’t trade it anymore, and why you shouldn’t either.

    Module 3. I discuss why the old methods of adjustments don’t work and why I don’t recommend them. As you can probably tell, the strategy doesn’t require adjustments; it’s a set-and-forget strategy. This doesn’t mean it’s a guaranteed win... you will lose on some trades, the difference; however, is that a loss won’t wipe you out like with the conventional iron condor.


    Module 4. I discuss some new concepts and the new strategy. I also explain the Greeks in a way that NO ONE on the internet does.

    Module 5. I give you all the strategy specifics: what to trade, days-till-expiration, capital allocation, strikes selection, position setup, and everything else that you might need.

    Module 6. A full trade example in which I setup a new trade from A~Z using ThinkOrSwim platform, and I walk you through the trade from start to finish and show you the results.


    Module 7. A full tutorial on how to use OptionNET Explorer, (ONE), software. It is the software that I use for back-testing, and it’s the best.

    Bonus 1. A 3-years’ worth of back-testing that shows you the difference between a good, and a bad setup so that you’ll make sure you have a good setup when trading.

    I might through in another bonus regarding adjustments in which I explain how you can soften the blow when the position is losing. But it’s still a work in-progress and I can’t guarantee it’ll make the cut.


    This has not been finalized yet, and I might add more content to it in the future.

    As for the offer, you’re the first to know that the course will be sold to the public for $997; however, you can save your seat now for a 50% discount and pay just $499.

    Just to be clear, you will pay now but you will NOT have access now, (because the course is not ready yet), but you’ll have immediate access once the course is ready, and you’ll be notified when I publish it.


    This offer is non-refundable and expires in 24 hours.

    Let me know if you’re interested so I can send you the PayPal payment link.

    If you have any questions regarding the offer, please let me know.

    Best,

    Nameer

     
    MACD and Onra like this.
  2. Hello ffs1001,

    Selling trading advice, trading courses, trading systems, trading coaching, trading methods is really good money hustle. Matter of fact, it is a damn good business cause there are some many customers to sell too. It is a damn good business because there are so many traders/customers that want to trade and make money daily/yearly. So its a good legal hustle to sell to naive people.

    But they have a lot of scamming and hustlers out there. TRUST ME. Like scammers making money, for real. Fuck all the bullshit, trading scamers making money, and our government not doing a damn thing to protect you the trader. Period.

    Create a trading course (pay someone or marketer to get your views) and sell it. That is the hustle alot of people doing on youtube and other social media.

    That is the #1 hustle on youtube: Selling Trading Courses. People making ALOT of money selling this trading stuff. People scamming they ass off. Scamming meaning selling something to someone that makes no money, just a trading idea.

    So as a customer/trader what can you do to protect yourself from so many sellers and hustlers online trying to take your money. There is nothing wrong with investing in yourself and your trading business, but you have to protect yourself from the scammers and hustlers.

    To protect yourself:

    Demand proof from the seller of prior trades for 1-3 years or real time day to day trading on video. Its 2021, anyone who is actually selling something, should have their ass online trading providing customers proof of their money making trading methods. For me personally, a motherfucker can not sell me nothing on how to make money, if they not doing it and showing to me themselves. Someone trying to take money from me and show me how to do something, they can not do. That is called trying to hustle someone pockets. He/she trying to hustle or scam me. If he/she was doing this me in my face, I slap the shit of them and kick they ass. It is disrespectful on the street. It is like some trying to sell drug deal bad coke/product. That is a no-no and the person selling bad drugs will get Killed. The same in trading. People are selling bad product out here, but selling bad product is legal business So you have to put yourself first and understand when someone try to hustle or scam you. The same as if you was on the street. The same applies on the internet. You have to bring that street mentality to the trading business or you going to get hustled.

    So that is my advice to you. Demand Proof. No proof, no money. You want my damn money, show me your damn money. Just like a drug dealer, they sample dope before they buy it. They just do not buy it without proof.

    You the customer, you come first.
     
    Last edited: Aug 29, 2021
    beginner66 likes this.
  3. ffs1001

    ffs1001

    Thanks @SimpleMeLike , but when I wrote this....
    I was actually being cheeky :)

    Totally with you on the YT scammers. Since trading has become mainstream in the last few years, anyone can download an app on their smartphone, pay in $100 and call themselves a trader. This explosion of small accounts means a massive market for those who want to sell the dream.
    A cynic would even say that 19 year old guys these days fantasize about becoming a million dollar trader within a couple of years and a 19 year old girls dream about doing the same by become an "influencer" (....er....*cough* but Only if they have enough Fans....*cough*).
     
    SimpleMeLike likes this.
  4. Yes indeed.

    Well hopefully someone else take my post and learn from it too.
     
  5. I hate social media, and humanity in general I suppose, it can definitely be a sh8t, low quality, world.
    Social media is nothing but Hype, brightness, energy, in the moment, capturing your attention....but there's not much depth, substance, quality behind all that nonsense and bs.

    There are two sides...the social media content producers... who are all greedy, prideful, lustful, evil, egomaniac, charlatans ...and the dumb, mass, ignorant, gullible, braindead sheep.

    Modern society has become nothing but a 2-bit place. Producing nonsense and bs, or consuming nonsense and bs.
    Everyone wants to become a social media personality, become their own God...collect souls, followers, and become rich by selling ad content and courses and subscriptions.

    I don't advocate violence, but if a vigilante took out social media personalities....no one would essentially care, and the world would be a better place. Similar to car salesmen and lawyers and realtors...everyone kind of hates social media personalities.
     
    Last edited: Aug 29, 2021
  6. qlai

    qlai

    The guy has 19 subscribers. Which videos did you enjoy? Looks kind of generic - sell DOTM options for stable income - stuff.
     
  7. Grantx

    Grantx

    Also lawyers, accountants and every last fuckin politician.
     
  8. JSOP

    JSOP

    Well it's an EDOTM call option on his option course with a strike of infinity for $499.00. The perfect tuition fee for an option course. Once you've paid this money, you have learned call option. What are you waiting for? :D

    You should tell him you are interested and ask him where to send the money and then alert the authorities with this scheme along with all of his banking details.
     
    Last edited: Aug 29, 2021
    qlai likes this.
  9. zdreg

    zdreg

    You definitely have two of the five attributes necessary for trading success.
     
  10. This is one of the reasons why we shouldn't pay attention to the guru, especially on social media.
     
    #10     Aug 30, 2021