They could have two live accounts. Day before they buy a huge number of shares in one account. Next day, in another account they show students a token buy for less shares. Establishes credibility that they are trading live with the students. They do not know the guru already had a huge position at even cheaper prices. Stock rockets and guru tells his students that he is a coward and bailed out earlier. They even did better than him? There is a good chance he shorts it on the way down since, he knows prices will collapse once, he exits his long position.
The gurus make millions off their students from the training seminars, dvds, books, advanced training etc. with zero risk. Hell, they do not even have to make monies in the stockmarket. All they need to show is token trades to their students. They can front run those trades too and add hundreds of thousands of easy monies on top of that. It is a business after all.
No need to publish anything (books or DVDs), to supplement his income a top trader can simply sell trading signals, or give regular stock recommendations to wealthy individuals.
Never said all of them are crooks. However, a couple of them might be. Too much monies and temptation to do so.
Because manual day trading requires intense focus. You cant easily trade profitably and run a chat room at the same time. It will be distracting and you will lose focus for sure.
After a while you get used to it I guess, and some people perform better and are more focused when the action is intense. But yes you are right, it is not an easy task.
BS. That was 20 years ago. Now it’s not possible as they stream their trades online and in chat rooms, upload the same day to YouTube, etc. You can follow the single account every day and see the continuous P&L every day.
Not possible since their followers can see everything they’re doing in real-time, while others can see continuity in uploaded YouTube videos. You can see their tweets and comments 20-100 times a day, with no room for switching stuff around. What you’re describing is an outdated approach that can no longer work.