Likely have millions of followers / watchers, trade a demo account cause there poor trading wise and make 100K from Youtube daily. Live Traders are okay, those who only post video's on profitable days are the 1's to ignore.
Public service announcement: How to expose fake chatroom gurus claiming to trade real money accounts: Simply ask them to trade odd size all morning, eg 977 shares or 61 shares etc for each of their next 5 trades. Carefully watch time & sales when they claim to trade in order to verify whether or not they are trading live. Trust me, run that test vs all chatroom gurus claiming to trade live. Honest guys, like me, will happily oblige. Fakers will kick you out of their rooms. Please pass this simple integrity test along.... the test of the tape.
There are a few of them that I follow on Twitter and simply don’t have big reasons to doubt. Someone is making money from all the others who lose. Some traders do know how to read the tape. Some do work hard and have talent. Otherwise why would anyone even want to be a trader? And what about all the big traders from the past that made $millions? Didn’t they exist? At least I’m able to explain/justify some of those profits based on the current market with lots of stimulus money being traded away. It’s just this year that some traders that couldn’t make money during previous years suddenly found new wealth. And I’ve also seen such possibilities in my own backtests, though not repeatable enough to be automated. But you also have to be reasonable and not speculate that someone can make $1M on a $5 stock. But $100K is doable. You also have to understand the power of pumping stocks via Twitter and chat rooms. With only couple small companies issuing positive press releases in a day, everyone is pumping those same couple stocks each day. And with possibly 1 million total followers across different chat rooms and Twitter followers, it’s possible that some top pumpers make a lot of money. But there are also some scammers that get exposed, like this one:
There are multiple traders on Twitter. Some with YouTube accounts too. Some do make monies and it is nothing special they are doing. It is called front running where gurus tell their legions of students paying them thousands of dollars, that stock XYZ is going up to $50.00 Right now is it is $2.00. It is a low float, penny stock with a float of say 500,000 shares. Mr. Guru buys 300,000 shares before the pump and his legions of students buy right after him, making the stock, skyrocket. Say the stocks goes up to $20.00. Mr. Guru bails and shorts the same stock on the way down. So, he makes monies coming and going. Easy peasy. Rinse and repeat. Now, other traders who rely on scanners and jumping on hot stocks at the open can also, make monies but, nowhere near the kind of monies, pumping and dumping penny stocks. Everyone wants a guru which is why practices like these continue. Most of the information on trading is already out there in the Internet and You Tube. Of course, you do not get to salivate and dream about being a millionaire overnight as the gurus will keep feeding you the hype. The long road will take you years.
Usually what they do is have 2 different demo accounts. One demo account they go long in large size and the other demo account they go short in big size on the same stock. Whichever one (long or short) is the big winner they post a screenshot of that “Huge Win” and claim it’s “real money”
I do not day trade and how are you going to exploit the system? Is the guru going to give you the stock pick he loaded up on? Who are you for him to give you his picks? You are not even a student. Unless, you can read his mind, go for it. I was just explaining the gimmick. Why don't you try exploiting it yourself if you can? Then, get back to us with your findings.
You win the pump and dump game by not being greedy. Played the Vancouver market years ago. Text book stock market cycle. Accumulation, mark-up, distribution then mark-down. Take a fixed amount out of the mark-up. Penny stocks it is easy to pull 50%.
Scan the market for unusual volume and price increase, could be the start of the mark-up. I know I've oversimplified it but there are methods of picking up this activity.
It doesn't work that way. There are over 10,000 stocks in the US stockmarket. Like I said, unless the guru was your buddy and was telling you which stock it was he loaded on, you have close to zero chance of finding which one it is. By then, it would be too late or over. Also, you need legions of traders behind you to do the buying, after you get in. That is what skyrockets the stock price.