Ricky Gutierrez is Ricky Gutierrez a scam and a fraud? David Jaffee with
BestStockStrategy.com and in this video I'm going to provide you with my opinion
on whether Ricky Gutierrez and his Learn Plan Profit Program is a scam or whether
it's a good value. A lot of you guys know that I do not believe that day
trading is a statistically viable way for people to make money in the stock
market in fact a study was done that examined the University Berkley and Taiwan
and they looked at three hundred and sixty thousand day traders it found that
three hundred and fifty nine thousand of those day traders lost on average 15
percent a year the top 500 out of three hundred and sixty thousand day traders
were not those who were able to turn five hundred dollars into a million
instead the top 500 out of three hundred and sixty thousand they only made five
percent above simply holding the s py index which means that if you buy the s
py index and you sell covered calls against it you will be more successful
than virtually every single day trader so all of you guys who think that you're
actually going to make money day trading the fact is which is backed up by
statistical hard scientific research that the chances that you lose money are
ninety nine point eight percent and you're not just going to lose a little
bit of money you're going to lose fifteen percent a year on average and
the top most successful day traders you can easily outperform every single one
of them by simply buying the S P Y and then selling a cover call against it so
when I see someone say that they're expecting profits of around one or two
percent every single day to me in my opinion
after graduating from an Ivy League university working on Wall Street and
becoming a successful investment banker and completing billions of dollars worth
of transactions and also being a very successful options trader myself I can
tell you that I look at this as a complete joke I look in my opinion at
Ricky Gutierrez and he reminds me of someone who's trying to take over for
Tim Sykes he uses expensive cars and he reminds me of the typical Lambo boy and
this person at 22 years old is it's just really disappointing to me where I look
at him and his ability to market his ability to gain an influence an audience
and he could put his if he in might and this is again this is all my opinion but
if he wasn't so greedy he could put his talents to much better usage and instead
of trying to aggregate his audience to lead people where he's telling them that
they're gonna make money but they're not in my opinion instead of trying to tell
them and take their money instead what he could do is actually use his talents
and use his ability to market and use his audience to help other people out
and to be of service so when Ricky Gutierrez tells people
that they can expect to earn one to two percent every single day to me it's just
completely idiotic I mean if he has the desire to last a
long time as a fake guru then I don't know why he doesn't at least give
something that's even borderline realistic tell people that they could
earn 0.25% every single day if you earn point two five percent every single day
that will automatically make you more successful than like 99.99% of day
traders or actually that'll make you more successful than 99.99% of the
entire universe of traders and investors those are tremendous returns if you're
able to earn over 1% every single we on a compounding basis that probably
equates to around 75% every single year now if you start out with like 2 million
dollars if you earn 75% a year even if you start out with less than that you
will soon be one of the richest people in the entire world
so I don't know why he tries to over market himself and be so aggressive and
tell people that they can earn 1 or 2% every single day instead if he really
wanted to do it it's almost like you should just be a little bit less
aggressive with your marketing and tell them that they could earn one quarter of
one percent every single day but I think I'm getting a little bit off track here
and I want to give you my opinion that day trading is a scam day traders are
fraud victims and in my opinion almost every single one of the people who
invest in Ricky Gutierrez course you are not only going to likely waste your time
but you're also going to likely waste the money that you use to invest in his
course and then when you actually try to day trade you are probably going to end
up losing all of your money and you know honestly I don't feel bad for those
people who do try to invest their money in his course and who do try to turn two
thousand dollars into ten million because what is happening in that
situation is the people are easy victims because they are greedy they are trying
to make fast and quick and easy money so a lot of these fake gurus will use their
own greed against their students and that is an easy way for the fake gurus
to manipulate their students and encourage those students to throw their
money out by investing in a course only to have these students then lose money
by day trading so effectively these students are their
own worst enemy because they are greedy and they're trying to make quick and
easy money by day trading and then they I into a fake guru who drives a
Lamborghini and who uses pretty women and all denned rented houses and all of
this stuff to try to give the allure of attention and they a lot of these fake
gurus you so fake social proof and fake social reviews that gives them a claim
of legitimacy that they then use to get all of these students who are greedy and
who try to turn two thousand dollars into two million dollars to sign up and
in my opinion they waste all of their money so a few other things there are a
few videos on YouTube where people have caught apparently they've caught Ricky
Gutierrez using a simulator and using a fake paper trading account and in my
opinion Ricky Gutierrez is a complete fraud he is in my opinion a lambo boy
and really what it comes down to with a lot of these gurus and not everyone out
there is it's a fake guru I know that I have been very critical of Kirk du
plessis but in my opinion Kirk Duplessis does have decent intentions like yes as
I detailed previously I know that he tried to take advantage of Nandi the
girl from China he was also caught on reddit using fake
reviews you can google that and you'll see that he was caught using fake
reviews I also but I think more importantly I would have never made any
videos about Kirk du Plessis if I actually thought that his strategy
worked because I care about the people who purchased these programs I want to
make sure that they were utilizing their time well I want to make sure that the
people that they put their faith and trust and have positive intent and are
going to help their students learn a viable strategy that their students can
use for the long term to generate consistent profits in the stock market
so that's why I was critical of Kirk du plessis because I do not believe that
selling iron flies or having negative Delta and selling calls in a rising
stock market is some is a good strategy entering any trade that you have
the expectation of managing in my opinion is a very poor strategy but
going back to intent I believe that a lot of these fake gurus have the sole
intent of defrauding innocent victims now actually let me go back and correct
what I said I don't necessarily think that all of these victims are
necessarily innocent because as I said around three minutes ago they are given
there they're not so innocent because they're greedy anytime they think or
anytime you think that it is possible to turn two thousand dollars into two
million by earning 1% a day by day trading you are ripe to lose all your
money and to be defrauded by a fake guru but regarding these fake gurus I think
you have to judge people based upon intent do they put out educational
materials and free videos that you can watch and where it actually makes sense
to you or are they trying to teach you some BS indicator about using technical
analysis or some secret chart pattern that they use to turn two thousand
dollars into five million and then if you sign up for this webinar or if you
pay them five thousand dollars they too will teach you a special indicator and a
special pattern that they've used by day trading to turn two thousand dollars
into two million it's these people who in my opinion have the sole intent of
defrauding innocent people and it's these people that need to be exposed so
in my opinion Ricky Gutierrez is a complete fraud he is again in my opinion
a lambo boy he is someone who I believe almost all of his students will lose
their money by investing in his program as I've said I watched some other videos
I know that coffee Zilla Stephan has put out a video about Ricky Gutierrez as
well I know that there are some other videos out there where people have
apparently caught Ricky Ricky Rudy using a simulated account and please
share your opinion leave a comment below and let me know your thoughts on whether
you believe Ricky Gutierrez is legitimate or whether you believe that
Ricky Gutierrez is a fraud. David Jaffee with BestStockStrategy.com you can go
to BestStockStrategy.com enter in your email address and receive $400+
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Ricky Gutierrez is a fraud and a scam artist please share your opinion below
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