ZipTrader. is Charlie from ZipTrader legitimate or is Ziptrader a scam? In
this ZipTrader review I am going to provide my opinion on whether Ziptrader
is a legitimate educational source or whether ziptrader is just another bogus
and fraudulent education review site or education channel in my opinion and
again everything I state is my opinion you're welcome to do your own due
diligence ziptrader is a complete scam zip trader relies upon technical
analysis day trading penny stocks buying options it is a complete 100% again in
my opinion scam I believe that every single person who follows ZipTrader is
going to end up losing their money I'm going to make a second video about this
that is going to be a screencast and it's going to show you specifically why
I believe this and where there's so much bad advice but I hear this guy talking
about candlesticks and MACD and and other technical indicators all of this
has been disproven now on the one hand I like this guy's style because he does
copy Graham Stephan and also that guy tech lead where he does copy like Graham
Stephan so his video quality is very good his ability to edit videos is
substantially better than mine he also integrates his own like talking head
with also screen with a screencasting which i think is great that he's able to
emulate someone like Graham Stephan but as far as the educational component of
it it is complete garbage and not only that it's actually going to cost you
money because if you try to trade in a comparable way as Ziptrader is teaching
you not only are you going to waste your time but in my opinion you are going to
lose money and I believe that this guy is trying to follow the model of Ricky
Gutierrez because he looks relatively young but in my opinion this guy is a
complete scam artist and he's also a sociopath where
he's providing advice and trying to build up a mr. Rogers type of mentality
where he's trying to gain your trust but at the end of the day he probably knows
that what he's teaching you was complete and other garbage as far as specifics
are concerned he talks about confirmation and validation and
indicators and day-trading all of that is complete garbage obviously he never
provides his full trading statements if he does he's not going to provide them
from a legitimate broker he's probably gonna provide them from a shady broker
like sure trader or one of those other ones where he's gonna refer them at
where he's gonna refer his students his affiliates and he's then going to get a
kickback because day trading does not work you are with virtual 100% certainty
going to lose money so not only are you gonna lose your time but if you buy this
guy's course you are going to lose money additionally he it seems like he's
trying to aggregate people and aggregate his followers into a chatroom whether it
be discord or telegram what typically happens in these situations is that
you're gonna have planted students in there from like Indonesia Malaysia and
other places Pakistan where there are all these people and they usually
comprise about 50% of the chat participants they are always going to
claim that they're making money and then the other 50% of the people are going to
be legitimate paying students these 50% of the students who are plants are
always going to claim that they are profitable so that the other people who
are losing money feel that it's their fault but all the 50% of the students
who are actually paying are actually losing money again it's a very clever
marketing technique where you get people in a chat they then chat back and forth
they try to build rapport and they try to be helpful but then the paying
students are the ones who are always going to lose money and the con is so
good and the scam is so good that when the paying customer loses money the
paying customer blames themself as opposed to blaming blaming the fake guru
because the paying customer has already been deceived by the other people in the
chat room and paying customer believes that it's
actually possible for them to make money again what happens is the paying
customer goes into a chat he's then surrounded and bombarded by all this
positive affirmations and this encouragement from people who he
believes are making money unbeknownst to him that those all those people in like
fake accounts who are making money are actually people that are hired by the
fake guru to act like and precipitate the condom and perpetuate the con rather
and give the impression that it's actually possible to make money from
this fake guru then all the paying customers lose money but they have the
perception that it is possible to make money from all those planted and hired
accounts who continuously pump out confirmation and validation messages
that they're making money so then those people who lose money who happen to be
like a hundred percent of the paying customers they end up blaming themselves
this guy Charlie from ZipTrader put out a video that said 90 percent of day
traders lose money this is actually false it is virtually a hundred percent
I know that he referenced the study from Taiwan and what that study said was then
they followed three hundred and sixty thousand day traders three hundred and
fifty nine thousand of those day traders lost money on a consistent basis it
turned out that the average loss was around thirteen to fifteen percent only
five hundred of the top three hundred and sixty thousand day traders five
hundred of the top three hundred and sixty thousand day traders made more
money than simply holding an SP Y index again only 500 of the top three hundred
and sixty thousand day traders made more money than holding the SP Y index and
the funny thing is that those top 500 out of three hundred and sixty thousand
day traders their alpha which means their excess return above holding the SP
Y index was only about two to three percent meaning that you have zero
chance of making a lot of money day trading in fact even if you happen to be
a statistical not an anomaly where you're within that
five hundred to three hundred and sixty thousand you are essentially going to be
earning less than minimum wage now charlie conveniently left out the recent
study from brazil which essentially indicted all day trading and penny stock
trading and educators when it comes to day trading and penny stock trading
which compared day trading to playing roulette and it indicated that your
chances of losing money by day trading is virtually 100 percent and the
statistical anomaly of those day traders who actually made money made less than
minimum wage and and to make it even worse the brazilian study actually claim
that their reported statistics were better than the actual statistics
because the brazilian study was unable to take into account the trades the
losing trades that these traders would close out the next day so even even if
they only took into account the losing trades that the traders closed out the
same day it turned out that it was virtually impossible to make money as a
day trader and many of you were thinking oh because again people don't listen to
these videos and watch these videos to change their beliefs instead what they
do is they watch these videos for a validation of their existing belief no
one wants to consider that charlie from Ziptrader is a complete scam and fraud
and sociopaths instead they want to believe that what he's telling them is
actually accurate so again the point is that if you want to dismiss the
brazilian study then go ahead but the volume of the day trading of the bridge
of the brazilian Bovespa is actually on par if not higher then
the volume of the s py index so again this isn't something where it's an
illiquid market where there's not a lot of volume instead the brazilian Bovespa
is has some of the deepest markets in the entire world
it has tremendously deep in liquid markets and if you want to disregard
this study and not pay attention to it hey be my guest if you want to lose
money go right ahead the other thing is Charlie has a few
videos that explain we refer to penny stocks I mean come on
it's like penny stocks we know complete scam Charlie reminds me of a bullied
student from high school who is just trying to get revenge on everyone he
clearly I mean in my opinion it seems like he's been picked on because he
speaks with a lisp if it seems like he has no regard for other people's
well-being and it seems like this is the bullied kids revenge by pretty much in
my opinion screwing over all of his followers by profiting from them having
them waste their time and then taking their money while they lose all their
money while he's trying to build up trust with and rapport with them by
claiming that he is out for their best interests and intent so again I believe
that Charlie from ZipTrader is a complete fraud and it's really important
to stop this guy so that he does not become another Ricky Gutierrez finally
his videos on options trading are completely hilarious obviously as you
know he's going to encourage people to buy options because I mean it seems like
he wants his followers to lose money buying options is completely gambling
it's like playing roulette at the casino by buying options you are going to lose
money but obviously he indicates that you can make money by buying options by
using his indicators and his charting and his confirmation and validation
techniques etc but again Charlie from ZipTrader in this ZipTrader review you
have learned that in my opinion Charlie from Zip Trader is a complete scam and
fraud and he is a sociopath again in my opinion this strikes me as someone who
is trying to get revenge on society it's like a bullied person's revenge and all
of the all of the red flags are there Penny Stocks day trading buying options
etc all of the red flags are there I don't know what else you need a chat
room cetera we're I'm sure that there are
gonna be some some fake traders in there who tell you that it's your fault if you
lose money but I would run away from Charlie from ZipTrader as quickly as
possible because in my opinion this guy is bad news and he is a complete fraud
and scam artist David Jaffee with BestStockStrategy.com please leave a
comment below let me know your thoughts on whether you believe ZipTrader is
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