Meet The Youtuber Exposing "EXPERT TRADERS" by Taking Their Course
ฝัง
- เผยแพร่เมื่อ 2 มิ.ย. 2024
- Real P&L is a TH-camr who is methodically exposing Expert Traders on TH-cam by taking their courses, actually executing their strategies and reporting back what he finds. Today we talk about what makes a real trader, and the hallmarks of a phony trader.
Real P&L's Channel
/ @realplshown
Social Media for Coffeezilla
twitter: / coffeebreak_yt
instagram: / coffeebreak_yt
this video is an opinion and in no way should be construed as statements of fact. scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napolean Hill pitch. - บันเทิง
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The thing that never adds up is actually simple: if these guys actually do have a system to make millions, there is no incentive to share it.
Exactly.
Now that's just your poverty mindset speaking
@@dadbodenvy4247 Not necessary, it's a recurring statement among professionals. They figure out strategies at some point and they just become unusable as more people start using them.
@@dadbodenvy4247 tf? lol that's not it at all
I object. There's people out there who aren't greedy and do want to help others. But this isn't a get rich quick scheme.
"So I showed my P&L and nobody watched my channel". That says alot .
People want to be fooled.
@@ShanniBananni Yeah, exactly! They want to believe the fantastic! P&L shows losses! Well that aint no good!! ha!
Stock videos on TH-cam are just a safe haven of confirmation bias. The market will correct them.
@@FriendlyNeighbourhoodLawyer 💯💯
Nothing like showing one's P&L unnecessarily. 😂
Steve Forbe's father said that "There is more money in selling financial advice than there is in taking it".
it's nonsensical. and not true. so, cool quote...I guess?
@@oliverdurgen5953 its very true. Look at tate, etc.
@@oliverdurgen5953Id say its pretty true. Look at these cryto/investor/influencers who give "advice" on how to become rich. People buy their "classes" or "lessons" in hopes of getting rich.
The influencer doesnt have to take anyones advice on how to make money because they have these sad, down on their luck, souls giving them money
as a trader for 19 years, i can attest this is the best info on systems and gurus. 99.9% of them simply don't work consistently. If they can provide an 'audited' p&l with at least 2 years of consistency, then try it out with small position sizing. If they cannot or will not provide 'audited' p&l's ....RUN.
Who do you recommend for legitimate education?
I mean it’s pretty obvious, if they were making so much money trading, they would do that or better yet, create a fund and trade other people’s money and just make millions off the commission.... all IF they were *that* good at it.
@@blacklite911 and they wouldn’t be working a job on the weekends or weeknights
@@blacklite911 a retail trader can't easily switch to creating a fund, is a different set of skills, retail traders depend on liquidity, it's possible to make on couple hundred thousand or even couple million a year as really good retail trader, but it doesn't scale up if you have millions or hundreds of millions of dollars, there's is not enough shares to get in an out of a stock without you moving the stock and getting stuck with a huge position unable to sell to the market
i mean can even small teams within hedge funds do 2 years consistent?
Transparency is important, watching finance youtubers is annoying because they say look at my $1,000,000 portfolio but they don't show how much money they deposited. They could easily have started with $2 million lol
Or theyre including their entire net worth value in the title but then show their investing accounts at 1/4th the amount
@@mvl3379 Think about it, if I have a system that makes me so much money, WHY WOULD I SELL IT so cheap and create competition.
@sam chump Markus is actually good in my opinion, but I don't think he is a great value on the products he actually sells. Sort of like the valuation of TSLA. TSLA is good and Cisco for example was good. But just because someone is good doesn't mean they are a good value or the stock value is good so to speak. In my opinion in order for Markus to really be good he should start a prop firm. Markus is basically about as expensive as Maverick Capital without the opportunity to trade firm money(or own an equity stake in the firm) I am profitable trading the wheel, while sometimes working in a strangle or straddle, and in my opinion 90% of what he says is good advice, and very much in my trading style or comfort zone. The only downside on Markus is that he does not count his unrealized losses as P+L and obviously if you are collecting premium weekly on high IV stocks and counting this as Profit in a 250k+250k margin account you are going to have great numbers! The thing of it is, is that Markus advertises this great autonomy, but no prop firm would let you trade this strategy, since almost everyone I am aware of would make you take stop loss on the puts. If Markus would copy the fee structure of Maverick Capital and open himself up as a prop firm I would gladly trade his system which is close to my own. Markus is good, but his tools are too expensive for 95% of his youtube watchers to ever profit from.
@@pdcdesign9632 that’s not how stock market works. If you teach your strategy to others, it doesn’t make you lose. There’s lots of volume in the market. People who think stingy like you will never get rich.
Karl Domm, aka Real P&L is total BS. Been SPAMming me with his own $600 "course" ever since getting my email. This video was obviously sponsored by Karl Domm, but there's no disclosure of such by "Coffeezilla". Guess that means Coffeezilla is BS too. But I think we all(reasonable people) already knew that. Where's the transparency?
One time I went to a seminar at a hotel when I was 18, they were selling a stock trading robot… I found it fascinating… But no one could ever answer the question… If the stock trading bot works so well… Why are you selling the bot in hotels to random people? And not just using the bot just to make money, wouldn’t that be easier? The answer, was because they just wanted to help people. City to city, hotel stay after hotel stay. Just helping people. Same story 18 years later, nothing new… If you can’t see through obvious BS… It will not serve you well in life.
Greed is consistently, the downfall, of most victims in these con games. No one wants to hear that they can make an average return 6 to 8%… They want that 100x gucci money now...
Some people like to teach and if they can make money mentoring people and teach others to fish, why not? The software may be a scam but even if it worked it doesn’t scale. At some point you run out of liquidity.
Anyone who wants to get wealthy learns that they need to have multiple streams of income. Teaching courses is just another stream of income.
@@TachoSJ b.s. if those people really get rich by those method, they wont go around telling people. At least not the key knowledge. No one likes competition. 😂
@@dortianahutabarat8845 you have much to learn then.
@livetraders @live traders won't even show their tax returns to prove they've made millions in trading, despite their claims
"I'm a medical guru. I'll teach you to treat people without going to medical school! I never lost a patient My patients live forever!"
That's how ridiculous these gurus can be.
"can i see your life and death results?" well actually my lawyer says i cant share that herdur
@@sheskiwiw excluding old people yeah your life and death ratio matters lol
Oh you just explained Dr. Oz's gurus
His course price ends in a 7, he promises outsized returns, he has a secret system... guru checklist ticking off the boxes. Interesting take on marketing though, align yourself with the scam buster crowd, denigrate your competitors, use your age and overall nerdiness to lull your victims into thinking that you're different. If you can get past the recency bias of most young FOMO chasers, using your age and the fact that you were "trading online since the early 90's" (E-trade started in 1992), it can add a certain level of gravitas to the guru pitch. So, in his own words, there are plenty of free courses and inexpensive books you can purchase to learn what you want to know. There is no success without effort and sacrifice. Get to work.
It actually blew my mind how rampant this is, and how many 'trader' micro influencers are doing it. There are simply no silver bullets to solving life's problems, no get rich quick scheme that works or is sustainable and most people selling you stuff are making their money selling shovels vs mining gold. Love your content Coffeezilla!
There are a lot of dumb, lazy people out there looking for a "secret" or "edge" to beat the system....it's dumb af
Matt, I'll be investing with you in the future!
And their shovels are made of tin foil lol
The Silver Bullet is work your ass off until exhaustion, and most importantly always be back testing new strategies because markets evolve to efficiency (No trading edge strategy works over the long run).
@@jasenmiller1914Strategies work if you know the “why”. Weak hands focus on the “when & where”, which ultimately robs you of understanding.
So when I was young in the 90s, we had a family friend that was a day trader. He explained it to me this way. Trading is gambling but instead of playing just one hand you are playing ten and your aim is to win at least 6 out of those ten hands every day. Today this same person is a multi-millionaire, but he had to work his but of to achieve that over 30 years. He has always encouraged me to do some trading but never make it my career. Today I am very happy that I spent a week with him when I was in school to just understand how margins and leverage works and it has made me get that get rich quick in trading is not possible and what returns can be guaranteed within reason. Above all else trading is not easy money.
This is a family friend everyone needs! I had a similar one who encouraged me to take finance in university and I’ve never looked back!
In the 90 s they could day trade due to volatility
Since 2000-2008 the banks have been selling vol…
Without vol you are a sitting duck
@@abc33944 have not watched watched the $SPY the past 3 years? We have plenty of volatility to create opportunity
@@sethmcgregor5086 Question refers to Day trading,,,unless theres some black swan, you will be flat
@@sethmcgregor5086 but do you have any money to take advantage of it? All the legit daytrading rag-to-rich millionaires I' ve seen had one common strategy: they used somebody else' s money. They either got jobs via interviews or connections, to work in bank and hedge fund. It is the money from the bank clients that they use to trade, and earn bonus if they are successful. I' ve got relatives and aquaintances that made profit from selling Tesla and Amazon stocks. None of whom do it full time, or make significant riches. That is simply due to the fact they don' t have as much capital.
My god. I was considering at looking into some of these trading courses soon. This video couldn't have came at a better time. Thank you. I was always curious about these Guru traders stepping away from trading to teach 24-7.
They do both. You don’t need to trade 24/7. I trade 1-2 hours a day and lead a full time job. Doing teaching and continuing to trade is very common.
I wish this was on Spotify, doubt you’ll see this but it would be awesome if you made a Spotify with full interviews like this I would listen to it all day.
@@nobudgetstories2476 yeah no wonder he won't see it because you commented on some one else's comment :D
Such a Todd move ;)
@@tehKettyBear , between this comment and your others, I'm getting heavy scam/fake guru vibes. You're selling the dream of low effort and high returns. May I see your audited P&L?
It's been an entire year since this vid came out. I want you to know this vid is still doing good work and it helped me out substantially. Thank you coffee!
Love this interview. I think the industry needs to setup a trading educator association and to be listed you need to go thru a 3rd party audit of your results. Clean up this industry
The guy is showing his returns on 4 trades of each around 20 days with 1% return, and extrapolating that to medallion fund level returns, and he is selling a course for 1500 dollars for that system, if this guy was legit he would just open a hedge fund and raise 100M+ easy, Coffeezilla just got played.
@Apollo Mayaimi ah, yes, Jesus, the original trading guru.
agreed!
No. Fuck regulation.
I actually agree with this 10000%
I have a lot of respect for you and other channels that care enough to expose the flip side of internet gurus.
I'm not from the US but I did take a couple of trading courses where I live. The guy taught us how, not what. He never suggested a trade, he taught us how to read the market, etc. He also told us on day 1 - don't read articles about this stock or the other. They have an agenda.
If a trading teacher suggested a trade, I'd get really suspicious and definitely not do a trade without reading the graphs first.
Great interview. I love when people give each other time to talk as well without talking over each other and interrupting each others point. So many times you dont get to her the full opinion or story on something because the interviewer chimes in and than there going in another direction
Questioning a guru's performance and asking a P&L will result in the fanboys tearing you apart - and the guru banning you. They're begging to be scammed. They want to be sold the dream. A good Instagram with cars, mansions, and girls will always be 100x more powerful than a track record.
I was a floor trader at the CBOE for six years and I'll give the only advice that works and it's free. Options buyers lose money and sellers make money. Few exceptions but majority of the time this holds true. There, now you know everything you need to know about options.
Amazing actually!
As a data analyst, and algo developer, the simple explanation is the expectation value which will be negative dur to the fact that R:R us usually lower than 1:1
Agree the most part. My most profitable strategies have been....way out the money /ES strangles, credit spreads, Iron Butterflys and Broken Wing Iron Condors. Colleting Theta Decay is DA TRUTH!
Thank you so much, Coffeezilla. This is excellent information. I knew there were scammers, but I didn't know it was this bad. I didn't know that there is an alternative to chart trading, which always made me uneasy.
This is exactly why I don't even bother considering 'courses'. Anything I can learn I can just research/learn myself. I don't need to feed into scams to learn that people have malicious intent and wanna use their following to rip others off.
You would think trading gurus make tons money trading stocks but in reality selling couses is where profit is
Karl Domm:
- Sells a $1500 course
- Writes books on trading
- (Alleged) retail trader for 26 years
- 2008 blew up his account for the 6th time (13 years ago)
- Started a $1200 gofundme to buy himself a course
Yes all correct. If I show my P&L therfore I can't make fake promises.
And don't forget that his course and his method is a copy cut (copy and paste) of Trading Dominion course done by Ron Bertino, and i don't know how he is allowed to re-sell it kkk What they do is, they copy someone else strategy and give different names to it, which is just iron condor and iron flyers, that's all .. Don't buy any options trading course from anyone on youtube because everything these people sells online, you can learn for free from tastyworks .. They just copy and paste and change few things around to sound something new ..
@@REALPLSHOWN But you're making people think that you have a winning system, which nobody knows if it actually works as well as you lead on. Btw, I have my own holy grail trading strategy that beats the market and you can buy it from me for only $1000. There's no refunds and I can't offer any proof that it actually works except a spreadsheet that I made of backtesting which may or may not be hindsight biased, as well as about a year of live results where I tweaked the rules a few times...again in hindsight. I'm able to outperform 99% of hedge funds yet instead of starting my own fund I'm gonna be so kind and sell you my strategy instead. Interested? Thats basically what you're doing.
another scammy connman
Like yes you showed your real P&L but from what I saw it looks like you only made 22k in the 2nd half of 2020. Thats 44k/year, I mean slightly better than McDonalds, but only slightly. Is that really worth a 1500$ course? I mean no one really cares if you show a real P&L if its a crap P&L. I just find it ironic that coffee is interviewing you like youre completely legit and ross and tim sykes and company are all the posers, but if anything its the other way around.
One of these crypto youtubers had an ‘anime’ channel, this time last year. My rule of thumb is that if somebody speaks like two overlapping radio adverts at once, go short on their motives. Nice work. Peace ☮️
Great video. I am watching this video and now TH-cam is pushing me those same fake traders
Glad I came across your channel my dude, and thanks for introducing a legit channel that I subscribed to before even watching this video. I’m so happy I found a channel exposing these bullshit gurus and It infuriates me that people are stupid enough to fall for their shit. Keep up the good work bud 👌
I don't know about this guy, he sells a course and also doesn't name people which makes it weird cause ur suppose to be exposing these scammers not giving them a platform.
A $1500 course mind you lol
@@marcmuniz2119 damn
The guy is showing his returns on 4 trades of each around 20 days, and extrapolating that to medallion fund level returns, Coffeezilla just got played.
? Selling a course doesn’t automatically make you a scammer though. It’s way deeper than that. Certainly not defending this guy at all though. Idk this guy lol
Selling a course is not necessary bad and $1,500 is the same price as a college course. If you can view the course curriculum ahead of time you can tell if $1,500 is worth it. It’s $1500 of knowledge not $1,500 so you can turn that into $100,000. He makes no such claims and isn’t lying. This video is talking about people who straight up lie and just give out bs trades ideas and people follow them.
Here’s the simple question : if someone claims they’re good at trading and making money, why do they need to teach that to earn a living? Damn scammers..smh
EXACTLY !!!!!!!!!!!!!!!!!
I’m getting a real shill vibe ... he talks in circles and doesn’t answer questions
😄
Yeah, so which of these scammers do you think isn't a scammer?
Or maybe you just don’t get what he’s saying he made perfect sense to me
Karl Domm, aka Real P&L is total BS. Been SPAMming me with his own $600 "course" ever since getting my email. This video was obviously sponsored by Karl Domm, but there's no disclosure of such. Guess that means Coffeezilla is BS too. But I think we all(reasonable people) already knew that...
👌🏼 LUL 30:55
It's great that you bring fellow investigators onto your show.
You can fake P&Ls by the way, you can simply "inspect element" the numbers
I hate to judge but hopefully he has no idea how to do that.
That's what they all do
they can but if you refresh it everything going back to normal
@@avamaria8447 I have never heard of that. I need to look into it. There not many that show P&L so I don't think it is common.
You can go through that effort but it takes a meaningful amount of time to list out trades entries and exits.
There are still ways to verify your account history through online sites and live tracking of a designated account.
Honestly, the only way to have PnL verified is to have the last quarter/year audited and have the same account audited for the next quarter/year (ideally covering more the 1 market regime). And the audit must come from a big firm like EY or KPMG and verify the the actual trades individually, not only a periodical PnL. Anything less is prone to shenanigans.. problem is that kind of audit is expensive so you wont see "gurus" spending that cash when people are buying their courses anyways
KPMG 😩
Lololol, you should read up on how reliable the big 4 are
@@someguywithcancer1595 I came to say this. Having a big 4 firm sign off on an audit just might be red flag number 1 these days 😅
As they say: if you can't make it you teach it..
Yo Coffee. THANK YOU for doing what you do. You saved me several times. Keep it up!!
Zilla! Love your videos and I believe your content should be pushed to as many people as possible. Did you know the community feature is broken? Please make some polls to abuse this feature until TH-cam balances the algorithm
4:55 - The moment you find out he's just as full of it as the rest of them. Get out of here with that "I found the REAL secrets in this ONE SPECIAL COURSE" BS
this right here.
zilla may not be clean
@@usernameluis305 nah, our boy coffee is legit.
Coffee is fine. Some of these guys are just REALLY clever at using these as subtle ads
The guy is showing his returns on 4 trades of each around 20 days with 1% return, and extrapolating that to medallion fund level returns, and he is selling a course for 1500 dollars for that system, if this guy was legit he would just open a hedge fund and raise 100M+ easy, Coffeezilla just got played.
That is manipulating the market my friend, SEC just filed a complaint against some influencers
Recently found your channel. Completely hooked, plus I always learn something new.
"If they made money trading options, they would make money trading options."
-Mark Zuckerberg (Social Network 2010)
???
@@kailianglf2 They wouldn't need to sell courses pretending they're "gurus" of trading if they were making money doing so. You don't see multi-billionaire hedge fund managers selling courses...because there's just industry secrets and effort you don't give away.
He's got a good point there
That movie is fake. They got famous by using millions of loan money and spamming the name everywhere using celebrities on TV. It is all fake numbers too, they admitted it on their stock calls that 100s of millions of accounts are duplication or bots.
@@adequatequality "You don't see multi-billionaire hedge fund managers selling courses" you said.. uh dude, have you not seen how many billionaires have books on amazon? And people only buy it because they claim to be billionaires and richer than they are. Courses are sold, just as books.
everyone else is a scammer, but my course is legit, this guy in a nutshell.
I show my P&L how am I not legit?
AND I CAN'T EVEN FIND THE LINK OF HIS COURSE.
@TheCanMan Can Since 1990 have you looked at the amount of winning days of retail vs Wall Street on a yearly basis? Wall Street seems to be playing a different game... they are just saying be careful.
And don't forget that his course and his method is a copy cut (copy and paste) of Trading Dominion course done by Ron Bertino, and i don't know how he is allowed to re-sell it kkk What they do is, they copy someone else strategy and give different names to it, which is just iron condor and iron flyers, that's all .. Don't buy any options trading course from anyone on youtube because everything these people sells online, you can learn for free from tastyworks .. They just copy and paste and change few things around to sound something new ..
Coffee selling out
“How did that guy make 1.6 million in the same time period?”
Easy. He bet against his fan club. Buy a cheap stock the day before, then alert your fan club that it’s shooting up the next day. They buy, and you sell. Classic.
You an Real P&L are like financial saints, extending a hand and leading the lost souls back to the light. Good Work.
Dude, you just brought on a guy who is selling a course for 1.5K USD for an options trading system he is claiming will create returns similar to the medallion fund (you should know what that means, if you don't, look it up), and he is basing this on forward testing with 4 trades with a 20ish day 1% return, which he is extrapolating out to reach those numbers. You just got played by a real player, this guy is someone trying to create fake legitimacy around his course, and you just handed him tens of thousands of potential clients as well as your personal legitimacy as someone who is supposed to be cynical and spot scams.
I like your videos but you have to take this down and consider making a video apologizing to your followers and urging them not to buy his course.
@TheCanMan Can Since 1990 one of the most annoying things is people that started trading within the last year thinking they're stock gurus now saying "oh this is easy look how much money I made!" well duh all the stocks were 50% off in 2020 😂
@TheCanMan Can Since 1990 i feel you bro it was a rollercoaster year for me, i made huge gains a few times to double my portfolio but never took most my profits lol im new though and learned a ton this year so it is what it is
@TheCanMan Can Since 1990 Anyway, Coffee needs to address this video, its nuts how he hasn't yet.
@@BostonBlues Exactly.
@@BostonBlues I’ve been trading for about three years now.... and I sick at it lol.
Well done coffee, the world needs this. I wish this was available when I was younger.
coffee i honestly love what your doing and all that your channel is all about and you have given me a great perspective on crypto and nfts
I remember that guy on the thumbnail. I saw his TH-cam ads and checked it out. When watching his "live webinar," it was clearly prerecorded, but he was acting like it's live. He said to hold questions til later, then at the end he said he had to go.
Then he gave a link to one of those fake scarcity "buy now!" webpage of his course. I didn't buy, of course.
The problem is, the guy in this video also sells his trades. Anyone who sells their trades is a scam. If you actually had an edge in the market, you would start a fund rather than sell your trades. The guy in this video is a wolf in sheep's clothing. I'm surprised that Coffee gave this guy a platform.
Thank you for bringing this man to my attention. I love options, tastytrade, and really liked this interview.
Coffezilla all your content is 🔥, love the Chanel bro, keep the content coming.
Transparency and integrity is very impt.
P & L = I totally agree! Thank u. Great content!
This guys has a course price ending 7 🤦🏽♂️. This guy has clearly not watched your content before
Bingo
Dedicated?
@@Xuzon Motivated
MOTIVATED
I can't believe that people actually believe that real actual billionaires and millionaires would give away their secrets to making money, like they want to dilute their income stream.
Amazing work... so god to see these Gurus are on the run now....
If it sounds too good to be true....run away! Great interview !!!
Is this the coffeezilla channel lol?
Karl Domm:
- Sells a $1500 course
- Writes books on trading
- (Alleged) retail trader for 26 years
- 2008 blew up his account for the 6th time (13 years ago)
- Started a $1200 gofundme to buy himself a course
No way? Is there a source you can share? Ask for reals.
He promotes scammers now u see on his face he is not a trader.
oof if true
Yep. Oops. Just promoted a "guru". Fail
@@BenitoSegovia yea no content seems so he pick a random guy😂😂😂
I show my P/L once and I plan to do it again on my channel because this video is inspiring me to show my audience my results and remind them I'm the real deal.
Lol you the real invest with Henry??
>watches Coffee dismantle a course scam
>watches Coffee support a course scam and give it a platform
😐😐😐😐😐
I don’t understand why this guy is a scammer because he sells a class. Not all classes are scammy.
1) you can photoshop a p&l
2) this guy is selling a course so conflict of interest
3) he literally is the shill that he’s calling out
Surprised coffeezilla didn’t look up this dude
??? Not all course sellers are shills. Your point is?
Yo, swag Academy just announced on his channel that he’s making a video to you and make you “regret” posting about him. Keep an eye out and do a reaction to it when he posts
Lol who is "swag academy"?
@@usernameluis305 Self proclaimed Forex trader.
@@usernameluis305 The guy who hates universities and jobs...
@@usernameluis305 th-cam.com/video/YRF8S0v8Df8/w-d-xo.html
Lolz,.. maybe refund Coffee’s a\course fee as a dissatisfied customer
The more i learned about trading on the stock market, the more i realized its kind of impossible to have black and white rules and "trading strategies" simply because chart patterns is not the one and only rule when it comes to charts. There are more to it. Psychology of other traders, past news, present news, rumors, upcoming news, tweets from people working on the companies etc, so many factors that will change the direction of the charts, and on top of this, most stocks seemingly follow the indexes apart from those that have an underlying hype from other reasons then the market direction alone. The only thing you could learn from a "course" of any kind is all of the different factors that could affect the market any given day, then its up to the individual investor/trader to use this knowledge in order to make his own plays. Stock trading and investing to me is basically advanced gambling where you can affect the outcome in some way and another but the end of the day, outside factors will beat you to some degree, and what differenciates the best traders from the worst ones are how you mitigate losses. The better you are at mitigating losses, the more profitable you will be in the long run per automatic.
I like the stock market, its the wild west of economy. The frontier. We are all here to make money, and its not easy. Far from it....
Best answer I've read yet. I 100% concur. I don't subscribe to a strategy anymore, I simply trade off price action and structure. While mitigating my losses and letting my winners run and trailing my stop loss. Its a game of numbers and percentages. And the patient trader always comes out on top.
Mind just blown by this information , Great Content
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Congratulations 🍾
I will love to be your friend dear as well as sharing some i dears which you're benefiting.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
I can relate to all you said because I am facing similar thing right now. Congratulations I wish you more success.
Hey how good are your earnings I will like to get some insights into trading thank you.
Where we get scammed so you don’t have to 😂
The get rich quick scheme with the highest rate of success is one that involves a black ski mask and an unlocked living room window.
Nah man, youre ignoring the easiest one ever. Find a wealthy family with a daughter in your age range. Get her pregnant. Now you are rich
@@nikeraikage5318 probly have ta k-i-l-l the inlaws tho....
@@markjackson3531 nah man....patience lol
@Not Robot change your name, grow a beard and try again. If that doesnt work, try the mom. And if that doesnt work try the dad
Don't be silly you can't ski indoors.
Showing P&L is one thing, having the P&L audited to prove legit is another
I am happy that this people are being exposed, but also we have to use common sense. When something is to good to be true... is to good to be true.
Your costing the “gurus” millions. Good work coffee and friend
just completed that tasty trade course, very hard to get, but very happy i learned about them from this video. Cheers!
Second video of yours that I've watched. Great content. You have a subscriber. :)
I wish this kind of content would go mainstream and not the other way round. Great work you do!
That would require most people to change and not be the kind of people who just want easy money so they can keep mindlessly consuming
Buying low volume options and then telling other people to buy that same exact option so you can sell when the volume is higher than it was before you put out the alert, sounds smart.
Options don’t work like that I think you meant low volume stocks
great interview , it probably saved me a couple thousands. Thank you
This is the power of asking good questions and applying critical thinking!!!!
Knowingly receiving proceeds from parallel trading is illegal af
It's insane how much of this stuff is technically legal, or gray enough that you probably will get away with it if you're not too audacious
Unfortunately, I invested over $13K in Raging Bull's Elite Lifetime Membership and took the exact trades Jeff Bishop was taking and lost another $9.5K. At one time I saw a live stream where he actually showed his account and it was down over $150k. They wouldn't even refund me the cost of my membership after they got sued by the FTC. They said it was not a refundable purchase according to terms. I've thought about filing another complaint against them.
This is great content. People probably shouldn’t use margin as much as they do
'Hey ladies, wanna see my P&L?'
As he should
They DO, actually....or at LEAST a bank statement ! Sad but true.
I totally agree with you - people are not doing basic checks on these traders PROFITS before buying their no value courses .REAL TRADERS POST REAL PROFITS AnD NOT JUST TALK
Another great video ... keep 'em coming!
YES thank you, I just subbed to Real P&L love his content
Thank You
The guy is showing his returns on 4 trades of each around 20 days with 1% return, and extrapolating that to medallion fund level returns, and he is selling a course for 1500 dollars for that system, if this guy was legit he would just open a hedge fund and raise 100M+ easy, Coffeezilla just got played.
@@bastiat691 shut up already
@@tehKettyBear His groupie
The funny thing is by watching these videos i'm getting loads of ads on trading, effectively wasting their money on an impossible client
A good video and if these so called "experts" are so skilled, then why don't they just hire people, train them and have them trade their system?? This is the sign of a scammer.
The chart only gives you a Probabilistic edge to where the chart may be goin. not where it is going for sure. The key is setting your risk before hand and and following the plan. So many new traders just go in a trade with no plan before they get in. Then emotions kick in and they freak out and lose. You can learn everything you want about charts but the emotional and psychological skills that need to be honed to trade well cannot be taught and only can be developed in time. That being said, each individual probably possesses a different aptitude handling the psychological pressures that trading presents.
This guy is highly underrated and goes into extreme detail for these courses, glad you had him on
55:15 what did he say ? A non disclosure what ?? Breh.
Non disparagement agreement
Good course holder or not, he seems like a scammer
@@josephknutson1700 who cares? What he said was true about other people being scammers.
I subscribed to his channel and I will suspend my judgement, for now, but - (1.) Why is selling a course after 6 months of live trading? (backtesting is nothing, with enough back-fitting you can get derive many profitable systems), he said himself he looks for 10 years of successful trading and (2.) If he has a profitable system, why is he on TH-cam selling a course?
So whats your verdict?
The guy is showing his returns on 4 trades of each around 20 days with 1% return, and extrapolating that to medallion fund level returns, and he is selling a course for 1500 dollars for that system, if this guy was legit he would just open a hedge fund and raise 100M+ easy, Coffeezilla just got played.
@@bastiat691 ikr smh lol
@@reecem367 Fake Guru
@@jono3500 I knew it. And honestly how the heck do you blow up your account 6 times?
Great insight, crazy I didnt saw this video before
I wasn’t looking and watched an entire guru ad because I thought it was your video
It works the same way with daily fantasy sports picks. This was the only time I ever paid for a guru service. Basically I would play the lineup given, lose, then see his social media blowing up with "We did it again! Can't stop us!" And when I said that I lost, he would blame me, saying I must not have entered the right contests, or he would tell everyone I was a competitor spreading lies. After three losing days, I was blocked from his social media. And this is all totally legal, because he's only selling "advice."
Our guest looks like the twin brother of Colts QB Phillip Rivers 😂
Great video as always mate!
The way to do this is to have an independent auditor. You could even post a zero-knowledge proof of a trade on a blockchain as an audit mechanisum, which would mean there's no excuse not to publish every trade. Brokers could do offer this service (but they wouldn't because they need new accounts)
For a low tech solution, you could also just have a Charlie Munger or someone of note who offers a prize as a competition. Much like that Randy magician put up 1 million USD for any Psychic who could prove their "abilities" in controlled conditions. To make this happen, you need someone who doesn't need an incentive to do it.
All incentives are on the "guru" side. There is nothing incentivising people to prove them wrong. So it's an incentive disorder. If you just make P/L the proof then the "hustlers" (which now has become a positive word somehow lol) will just fake it in the manner you suggested or any number of others, which will actually have the effect of making their "stories" (fraud) more compelling. Everyone wants a shortcut and anyone offering one is believed because that's just their confirmation bias.
I almost fell for Tim Sykes and Raging Bull last year. Thank you for this. I’m so glad I never bought their bullsh*t
Glad you didn't get scammed by that weasel !
Which program did you end up buying?
@@Jmhfl7 vector vest
@@MatthewPeterMurphy thanks
@@MatthewPeterMurphy To be fair, Sykes courses have been leaked on torrent sites.
So just from my own experience I think people look at the wild income claims and think “well I’m sure not everyone does THAT well. If I can half or even a quarter of that it’s life changing”
So the wild income claims are there to impress you and give you confidence that if your even half as good as this gut you’ll do really well.
I'm so glad he put it out early that he blew up his account more then once. Real knows real so many never say they blew it .thanks.
"there is this scammer guy but I won't tell you who it is..." very credible. Sounds just as shady as the guys he is talking about.
If I turned $2k into 2 Mil, my P/L would be tatted across my chest.
Underrated comment
This is the only industry where the laymen thinks they can do better the professional. I’ve never seen anyone questioning a surgeon, trying to get discounts, and then deciding they can learn how to operate themselves on TH-cam 😂
I don't think so haha. Love the analogy but anything that isn't physical life or death, many do it. Even with minor "surgical" procedures like cysts or some type of cutaneous removal, teeth pulling etc, people will often figure out how to do it themselves.
Most are just babies when it comes to pain at the end of the day and losing money may make you wanna cry, but pulling your own rotten tooth might make the strongest man cry 🤣🤣🤣
If surgeon’s showed their lambo then they would😂
80% of funds don't even beat the market. I get what you are trying to say with this analogy but even the "pros" are making their money off of management fees and not actual trading.
@@sinez999 make it like 95% (at least over a period of 5 years), but this statement is soooo true, the more assets under management the more fee they collect
Politics and history.... people always think they know when they have no clue. I think it is a common human condition.
Thank you, very informative 👍
Good job! From one 'eeking' out a living trading markets 20 years
Great interview. It would be great if you could use your detection skills to find the legitimate People who really provide what they are selling. I think everyone who watches your channel assumes everyone is a scammer and that everyone is out to rip them off.
Because everyone offering courses IS a scammer. The legitimate people don't have courses. They might write books, make free videos, cuz the truth is it takes a lot of work to learn this stuff and it can't be simplified into a few weeks course. Just read books. Lots of books. Watch real finance people and remember the source of all the info you're getting and take it with a grain of salt.
@@nicoledoubleyouI know I’m a year late but this is absolutely the truth, there is no secret sauce to this game. It’s about culminating as much knowledge as possible and taking everything you read with a grain of salt, learning through a mix of trial and error, and pure research.
This guest is like an internet detective without even realizing it