It is a scam to sell somebody a day trading course ,when you know you can't teach enough or train successfully.You know it is not possible to make somebody a successful day trader , yet you sell a course to him.
Frankly, I never trusted those fancy looking sites selling courses too, mainly because successful trading is not as easy as "buy PDF course, read it and make tons of money". Can't say I didn't buy a few systems and courses in the beginning of my trading journey, one of the brightest samples to mention was MA crossover system I bought for like $1000 back in early 2005. It's real serious craft, which demands many many days of hard work, best if under supervision of the experienced mentor who is really motivated to make you a successful trader, not just to sell you a course and forget.
Trading costs in trading and in daytrading also are immaterial. If you are not successful you know nothing. The gyrations of price (eg CL) provide abundant opportunities in daytrading and the trading costs to me are almost meaningless. As in anything failure or insufficient success or inadequate capabiities blind the many who will never get to the higher levels of material attainment. However success is still there for the taking!
Indeed, retail commission for CL is how much, like $5/car/RT? That's truly negligible compared to the great moves CL regularly has.
1) I don't think anybody is consistently getting 100% returns year in and year out in the first place. If they are they are 1 in 100 million people. 2) the variability of returns /vs certainty of expenses makes #1 decidedly less attractive
Well good luck , I think you're gonna need it. I read a study put out by finance professors , I believe it was the brokerage info from taiwanese market . conclusion only 1% of day traders are consistently profitable and the more frequently you trade in general the worse your results.
No successful business blithely ignores costs, that only happens with fools pontificating on the internet or daydreaming in mom's basement.
Hey Olix.... Do you think Scott Redler is a scam? Mike Lee? Steve Levay? Pete Renzulli? Mark Sperling? Evan Lazarus? Check out T3. Real traders. 100% total transparency. And they offer education and mentoring.