Lol every educator and guru is a fake. I extend this to the academic world too, though at least if you took a class on investing you would learn important facts about the markets and how to analyze it. The worst part of these online educators and gurus is that they preach a story about trading and markets that is generally untrue.
It’s funny to me that fake evaluators judge “fake” traders to increase viewership. Maybe they should first become successful traders and disclose their PnL?
If you watch Ross carefully it's pretty clear what is going on. But people won't like it. People want this boiled down to one sentence. People want good vs evil. People want to know if he can really trade or if he is just frontrunning people who try and mirror his trades. People want to know if his trading courses teach what he does, etc. The reality is nuanced. Here it is: 1) Yes, he gets extra alpha because people jump in after him. Example: "Adding at..." also means he's selling to you. Measuring this is difficult but I have done it. Watch his screen. Calculate the delay. Look at his position updating while he speaks, etc. You see this impact the most on low volume stocks moving fast. 2) Yes, he is a good trader in a very niche environment of high volatility. Watch him trade super liquid stuff. He tends to do well and it seems very unlikely the extra alpha from #1 above is all the alpha he is getting. This part is impressive to watch. 3) The rules he teaches don't seem to be how he really trades. Sure, he looks for morning gappers but beyond that he is frequently not using his own course material. He will constantly say things like, "anticipating the next 1 min candle to make a new high" as he enters a trade. "Anticipating"!? He never describes the steps for "anticipating" in a way that is repeatable. In other words, he can't or won't articulate what he is really doing. He'll also say things like, "I don't trust it". But he'll never define what that means in a way that is repeatable. My take away is that he is an outlier that trades subjectively but he doesn't realize it. Many people do things well in life this way without being able to describe how they do it. He may want to believe it's engineering and objective and rigorous but it isn't. He has also discovered that he gets that extra alpha by streaming his trades. That's the reality. Anyone who needs to label Ross as "scammer" or "not scammer" is going to have a hard time with this sort of objective understanding.
Yeah, that was funny. Reminds me when I was scalping NVDA. Did that about 20-25 times taking $500 each time. That was dumb as hell though, and I did it 20-25 times. Had I let my NVDA calls run a bit, I would have gotten $5,000-$7,000 each time, instead of the $500.
Agree with what you said. Ross trades live on YouTube, which has about a 10-15 sec delay. So front running would be difficult to do since 1) he either has a position already and then one of his planted "student" notifies that the stock is moving. Then he can sell when his gullible real students start pushing it up. This is an elaborate setup as they have to target specific stocks beforehand. 2) most times, he will trade what he sees on the TI scanner. But I see 2 issues, a) I'm always amazed at how quickly he gets notified of the rising stock and is able to enter so early. Mind you these early entries were when he wasn't doing live trading so maybe fake? b) a stock will pull back and his PnL doesn't seem to drop nearly enough. I've been in same situation trading a stock with my hotkeys and I will always endure a greater loss than what he experiences. So I think there is something fishy about his executions. His knowledge about the markets are good. He can tell you about various complicated subjects as how warrants will affect the stock or how price action will affect certain setups or what happens when there is a trading halt. So it shows that he's an experienced daytrader but I think his results won't be nearly as good if he was to actually trade an independent trading setup even if it was setup EXACTLY to his liking. Take a look at his recent live YouTube trading videos. He's trading some of the big movers that everyone else is trading. Pay particular attention to how PnL fluctates when the price action goes against him. It never seems to drop quite as fast as it should. He uses LightSpeed and the PnL only shows realized gains, not number of shares or unrealized gains. I think he does not show so people can't reproduce his ("fake") executions. But I don't subscribe to his courses and I heard he once say his students have access to those numbers. Would love to know if anyone who has subscribed to his services have actually replicated his numbers? Btw, I read on one of the threads here that someone mentioned that Robert Morse (LightSpeed) somewhat confirmed Ross' results. When I asked Robert about it, he took the 5th. I'm sure he doesn't want to get sued.
There is no evidence that it is as complicated or contrived as you describe. There's no need to "plant" students or fake trades. Regarding the fast moving stocks, I really don't think he is taking a position early and then acting like he just saw it. When news breaks you will sometimes see a stock pop on low volume. Ross takes a position and thousands of traders follow him in. But the liquidity isn't there. That causes these stocks to move faster than most. If you look at his order entries he always gets in high. But he knows that a stock moving fast on low volume will go much higher if people see him take a position. For whatever reason people are having a hard to accepting that Ross might just be making money because people give it to him be trying to mirror his trades. He's also found his niche as a trader and I think he could make money without people watching his trades, just not nearly as much.
His depth of knowledge for a daytrader is excellent. If like you say he's making such money then why not show the exact executions? Why hide? Brag about how you make those amazing executions. Btw I'm pretty quick with my hot keys but if he's making those executions, he's on a totally DIFFERENT level. Which is why I call b*llshit. By showing quantity and execution time, I'm pretty sure we can either prove or disprove it's real. Why hide unless you are scamming?