Chatroom gurus claiming to have $100k days -- total BS?

I think a lot of it is desperation. Being broke but desperately wanting to be wealthy.

 

@Guruleaks1 on Twitter

 

True.

This strategy works even better with stock options...

 

Of course the FTC did crack down on OnlineTradingAcademy - but they did not shut them down -they are still in business after agreeing to pay huge amt

https://www.ftc.gov/news-events/pre...uires-online-trading-academy-forgive-consumer

 

Probably there will never be restrictions. The big money probably likes all the Fintwit guru hucksters luring people into trade to get rich - more easy money for the smart big money to extract from more uninformed over leveraged retail wannabes

 

$100K profit per day, with that kind of income why would they even bother with chatrooms ?
The bigger the lie, the more people will believe it, as they say...

 

there’s no fraud - read the disclosures

‘live trading’ does not equal trading in a production account

you can be trading live in a demo account

 

Even “IF” some of these trade gurus have real accounts (which I seriously doubt) it’s a whole lot easier to take big risk big reward plays over and over when you’ve got 1,000 people paying you $100 to $299 a month as your trading Capital is quickly replenished each month

like this person as an example

https://www.warriortrading.com/verified-earnings-2019/

 

No fraud does not mean you are not deceiving people, one way or the other...

 

Who is the regulator for selling educational courses?

Is it even regulated?

What is to stop me from making a CD and selling it to someone gullible enough to buy it?