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

Discussion in 'Trading' started by KCalhoun, Sep 25, 2020.

Do you believe chatroom gurus claims of $100,000 real money profits in 1 day?

  1. No, of course not -- report them to the SEC

    21 vote(s)
    72.4%
  2. Yes, I think they're being totally honest

    8 vote(s)
    27.6%
  1. realtrades

    realtrades

     
    #71     Sep 25, 2020
    Tradex likes this.
  2. Tradex

    Tradex

    Size matters if you are a profitable trader, otherwise the law of large numbers will catch up with you sooner or later, and blow up your micro account in a hurry.
     
    #72     Sep 25, 2020
    trader99 likes this.
  3. I don't think you understand the context of that post to ken in particular.
     
    #73     Sep 25, 2020
  4. TimMykes

    TimMykes

    Some one is making big money on all these high volume movers .

    Doubt if its lowlife chat room runners .

    If you have the skills , and the chops , 100k on one of these monsters is small money.

    And if you're one of those guys , you dont make videos on youtube screaming out 'howzitgoingguyz' at the top of your lungs to open the post.

    You trade, and you collect the coin
     
    #74     Sep 25, 2020
  5. Tradex

    Tradex

    Why would you limit yourself to just one source of income (plain trading), when you can create multiple sources of income, all related to trading?

    Think about that for a moment.
     
    #75     Sep 25, 2020
    trader99 likes this.
  6. deaddog

    deaddog

    Time and the hassle involved.

    If you are a profitable trader why do you need to have other sources of income that take up more of your time for less money.

    It would be like owning a profitable business and working part time at your favourite fast food outlet in the evening.
     
    #76     Sep 25, 2020
  7. Tradex

    Tradex

    Right.

    It's like saying: "Hey, Michael Jordan, why don't you just stick to basketball, instead of making all these commercials and endorsements for Nike, Coca-Cola, McDonald's, Gatorade, Chevrolet, etc... and earning an extra $42 Millions a year?

     
    #77     Sep 25, 2020
    trader99 likes this.
  8. deaddog

    deaddog

    Now your talking superstar. I was talking about guys that host internet trading rooms.
     
    #78     Sep 25, 2020
  9. smallfil

    smallfil

    You can it is a free market for trading education. Be prepared to put up monster returns. Lots of good day traders using scanners and they cannot come close to the pump and dump for obvious reasons. And low float penny stocks move when the gurus tell their students to buy. Chances are good, you will not even see it on scanners until is has already rocketed near the top.
     
    #79     Sep 25, 2020
  10. Tradex

    Tradex

    No, I am talking about a guy who is intelligent enough to realize that he can also earn truckloads of cash doing something else than playing ball.
     
    #80     Sep 25, 2020
    trader99 likes this.