Hello taowave, I am not losing in stock investing. I do not trade stocks. My stock investing is long term, that is easy money. I barely even look at that. Main focus in trading is futures trading. That is where the real money is at.
I suspect that the guy who is bashing trading mentors is a failed student or is trying to sell a competing service. I never trust unsolicited negative opinions of people and I have zero respect for people who push that crap on me. The jerk doing the trash talking has something to gain from it for sure. It may be to gain customers of his own or it may be a revenge move a guy who he feels cheated him.
Well, to be fair, I think it goes both ways. If there weren't so many sleezy lambo gurus to begin with, there wouldn't be these cynical bashers either.
I’ve only taken two cheap courses in my career. Both of them were from people who made their first real money trading and then used their success to sell themselves as a mentor. Did their methods win 100% of the time? Far from it! Never the less I was able to pull some gems from their courses. One of them was more or less a great motivational speaker who provided extremely simple entry/exit signals with a reverse pyramid structure to increase your position as the market moved with you, but his main benefit in hindsight is that he taught how to not lose confidence when your win rate was low. The other mentor provided different ways to enter/exit but he was more concerned with underlying fundamentals of the market. He didn’t go in lightly and increase his position as the market went with him, he determined his position size by his account size. Neither one of those courses provided a sure thing trading plan to follow like a recipe. The value I got was an introduction to market analysis, an introduction to position size management, and some motivation. My methods don’t mirror either of them and I do OK. I really don’t care if they have never made a dime in the market because I absolutely got value from the courses. Now I’ve read MANY posts around the web bashing both of them for being scam artists and accusing them of not trading because they don’t make their account public. Some of these posts said some very convincing things that made me doubt my own abilities because I had learned under these two “crooks”. After thinking about it I realized that every negative comment made about them couldn’t be proven as true or false. Not one of the posts offered anything of value to me, it was just bashing people that I had some respect for. It’s like when the guy at the water cooler talks shit about someone else at work and you come to find out that he has an unsubstantiated grudge against them and wants other people to feel the same way about them. Some of the people bashing my “mentors” offered services of their own. It’s like their whole sales strategy was to discredit the competition while saying nothing of what they offered. Others were like I mentioned earlier, failed students. In the end I don’t care if the guy drives a Lamborghini or even if most of his income is from course sales. If I can gain anything useful I’ll call it a win. If can’t I’ll ask for a refund. Bashing someone on the internet screams “I got my feelings hurt and need to lash out”. I’m never grateful for unsolicited slander. It could prevent me from forming my own opinion and my opinion is the one that I want.
I watched the video and the guy didn’t bash any individual person. He’s just a guy who says you can’t do what he does. The hedge fund he operates is private and I couldn’t find a source that reported its returns. I’m not impressed with the guy.