This is a thread to invite actual students to leave their own reviews, and . One youtuber estimated that he was grossing millions of dollars per month on just the courses. Rule #1: Do not start sub-threads or tangents. So, just want reviews, or Ross himself to chime in. Now, some smarty pants will say "this is not scientific approach" but the reality is, over time, if you get lots of reviews online, you tend to get results that reflect reality to a large degree (e.g. Amazon), assuming manipulation is low, so its far better than no reviews at all. I find products with bad reviews actually tend to be less likely to be manipulated, but no guarantees. Now if you are fake, do not bother to post here--I will undermine your attempts--I have already seen a couple attempts in these forums, which leads to the obvious conclusion that Warrior Trading is paying people to leave fake reviews--damning in and of itself. 2nd, if you cant post a video of you logging into your brokerage account, then show yourself clicking around and providing some proof, then you are wasting time. No real need to post here. Yes, Im sure some students will have gotten something out of the course, but the bigger problem is the possible ponzi scheme that may allows Ross to succeed dramatically, while his students fail. 1. Front-running: Basically, pump and dump, but without the same intentions. This is my main concern, and maybe the only one we really need to address. Basically, he gets to buy and sell his stocks before all his students do, putting him in first position. Since he teaches his students to use his personal stock scanner, and active users in his trading room, logically many/most are all trading the same stocks at the same time. While he does tell his students not to copy trade, the reality is, with 4000 people, a mere 5% ignoring that advice would result in 200 students moving the stock, and remember, these stocks are low float, so it doesnt take much. There are a few ways to disprove this theory: A. Ross would have to limit trading to purely mid/large/high float stocks stocks for a few weeks. Since he does claim most profits on low float stocks, I dont expect him to take the challenge (but see above). B. Have ross trade a separate account which has no community associated with it. He would give access to a third party (e.g. some reliable members here or other 3rd party that we agreed upon) If he is leading a room full of copycat traders, which makes him rich, it may be cognitive dissonance that prevents him from even knowing why he is succeeding. In one video from 2. Simulator, fake profits, other possible issues: These are much lower concerns. One was that his profits were Ross to actually show his profit and loss on each trade, with buy and sell locations (entry and exit points), etc... "a trading DOM will show the real time profit and loss for the current position. Ross was not willing to show this information." via Tradingschools.org - Ross claims it is distracting to have the DOM up. If it helps with legitimacy, not sure why he would not do it at least for a few months. He posts broker statements, but lots of problems with this (e.g. he could run multiple accounts). Even the audit doc he posted doesnt help. Again, these are minor points to consider. Perhaps the only real way would be for him to give us access to his student database, then let us contact a sample of them randomly. If by large, most students failed (either paper or actual, and paper is invalid way to measure), then hiding them from the database would not work. We could also request a copy of his trading tax returns and trading bank accounts directly from the institutions, but again, this may not matter because of The longer he goes fighting the community in the lack of transparency, the more likely he just makes himself look dishonest or full of cognitive dissonance. This post is to invite Ross and former/current students to speak up.
thanks for posting this -- it should be an interesting thread. Many of his daily PnLs seem fanciful. He puts out a nice persona but most times that's a front.
Do not know how is his trading room right now but few years ago his early morning after open calls named gap-n-go would make money at times but extremely difficult to catch them on his verbal shout. Also it did not look Ross himself took these calls (as per activity on screen unless his computer picks the verbal shouts by voice recognition etc.). There was also a swing trading guy who gave decent calls which were very much implementable. After one major market correction he stopped posting the results citing legal issues and has not posted results since then. Transparency is the main question in any calls or signal services otherwise it is just fake game.
This is the crucial point. That's why it doesn't matter what the supposed trading guru's name is. As long as the profits and losses and the volatility of the portfolio are not regularly disclosed in a comprehensible manner, it's all meaningless.
Vinny Emini challenged Ross to a very long competition. End result was both were profitable, both reached their goals. Not sure if both traded real accounts or not, but probably they didn't.
While, this is a thread written about Ross Cameron, the same could be said for Timothy Sykes. His claim to fame is turning his bar mitzvah monies into millions. He also, used to run a hedge fund worth $10 million. He lost a good chunk of those monies, most of it his friend's monies and had to close the hedge fund. That of itself, should tell you that he is probably, not that good of a trader he purports himself to be. His success is thru trading penny stocks which is rife with pump and dumps which he himself notes in his videos. Front running is probably, pretty common too in the penny stock field.
Just have a look at some videos on Karl Domm's Youtube channel. He buys such courses and tests them for their advertising promises. Basically these gurus are all using the same tricks.
You got more rules and regulations than SEC. What is it you are trying to figure out? He can’t be fake because his results are audited. If one follows his trading calls, by definition, one is being voluntarily front-ran. If his students have 1% success rate, that would be inline with overall day trading statistics. Didn’t everyone move to chasing cryptos anyway?
Whether he can trade successful in isolation probably but I doubt he could've turned $500 into 1 million in such a short-time without the legal frontrunning.
I give Karl Domm credit for exposing these scams but, have two comments regarding what I saw on his videos. One, on the 14 trading mistakes options traders make video, he says that buying calls and puts are low probability trades. That I can agree with. However, he does not take into account a trader's edge into consideration. A trader's edge is more important than the win percentages. Apparently, lost on him. Two, he says you cannot predict trade direction? Nobody knows what any stock will do however, trends do exist in stocks and they tend to last longer than most traders think. So, a stock going higher, making new highs is likely to go higher and a stock going lower, making new lows is likely to go lower. Are you able to predict trade direction with a high degree of accuracy? Of course, you can---just follow the trend. Are you going to be 100% correct? Hell, no. That is why you need stop losses and risk management of your trades. Karl Domm is wrong to say you cannot predict trade direction.