Swing traders are fraud victims. Again, swing traders are fraud victims and
swing trading is a scam. So I know that this video is a little bit controversial
but you have a Wall Street veteran here telling you that I have never met a
successful swing trader. There are no hedge funds that utilize technical
analysis and swing trading. The hedge funds that I know they either take
a directional bias or they make money as market makers by profiting off the
bid-ask spread differential meaning that they buy large
chunks of shares directly from the exchange and then they buy it at the bid
and then they sell it the ask. And then they usually make around 25 to 30 basis
points on a net basis and that's how they make their money which are
transactional traders. So here's my transcript I graduated from an Ivy
League university I completed billions of dollars worth of transactions as an
investment banker worked at Morgan Stanley CIBC World Markets here's a
pitch book that we did for a complete transaction this close to around $880 Million dollars this was Metals USA we sold it to Apollo
Management which is a private equity firm and the reason why I'm telling you
is I can't prove that you're going to lose all your money by swing trading
If you want to do it you're welcome not to listen to me and then buy
some of their programs and lose your money because not only are you going to
waste your money by buying those programs that are garbage and that don't
work not only are you going to also waste your time in studying those
programs because they do not work and you're going to lose all your money but
you are actually going to lose your trading capital because they do not work
and I have never met a successful swing trader so you will lose the money that
you paid for the course you will lose your time you will go through the
emotional stress and the depression that goes along with beating your head
against the wall and constantly losing money when trading and you're going to
lose money so again like all these guys who claim that they make that they've
turned 5,000 dollars into like 5 million it doesn't even make sense if you turn
5000 into five million then you can easily turn five million into
a billion and none of these guys have verified profits none of them have
verified statements instead they produce fake statements they don't trade
themselves they trade a simulator and they rely on fake reviews from their
affiliates and also they create fake websites but again this video is not for
everyone I'm not trying to help everyone I'm only trying to help those people who
are on the fence and make sure that they don't waste their money and perpetuate
fraud because if you buy into a swing training program you are going to lose
all your money the only way that you can make consistent money in the stock
market is by trading option premium and maybe my style is too aggressive maybe
you don't like the way I look or anything like that that's totally cool
you can learn from tastytrade tastytrade is pretty good right the only thing I
don't agree with is the trade small trade often I definitely agree with the
trade small but the trade often and trading indiscriminately predicated upon
high implied volatility is not something that I agree with and I made a video
about why I don't believe that you that if you trade the tastytrade way that you
are maximizing your profits and also reducing your risk but at the same time
selling option premium whether you learn from me or you learn from tastytrade is
infinitely better than swing trading day trading or trading Forex for trading
penny stocks because I am pretty capable. Worked on Wall Street I work really hard
I have good habits but if I day traded swing traded, swing traded traded penny
stocks or traded Forex I would lose money now I know that everyone thinks
that they're special I know that you you appreciate and you enjoy being in
that Discord group and having a sense of camaraderie with the fellow members that
you're trading with but the goal of trading is to make money and the only
way that you can consistently make money in the stock market is by selling option
premium because you have a built-in safety net and you collect money you're
essentially acting as an insurance company and also as the casino the
casino doesn't care what games are being played or anything like that the casino
makes money with a higher statistical advantage the longer people play.
That's what it comes down to so if you go into a casino and you play just one
hand a blackjack the casino doesn't like that because they can easily lose but if
you tell a casino that this person is going to play for five or six hours then
there's a very high likelihood that the casino is going to make money because
the statistical odds are in your favor when you're at the casino and when
you sell option premium that is how you're acting as the casino and as the
insurance company. So look you're welcome to not believe me, to disregard
everything you want to listen to the fake gurus and buy their programs
that's totally cool once you lose your money I'll still be here. And I'm going
to be here to help you. Please like comment share and subscribe to this
channel if you have any questions leave a comment below you can go to BestStockStrategy.com
BestStockStrategy.com and enter in your email address and receive over $400 worth of
free training materials so that you can learn how to trade option premium and I
just want to reiterate that swing traders who try to make 300% to 400%
a year do not make good options traders because what frequently
happens is you guys will end up buying options and you're gonna lose your money
by buying options too you need to sell option premium not buy option premium.
When you sell option premium you're gonna make anywhere from like 30% to
70% percent every single year so you really need realistic expectations
because if you try to earn a few hundred percent every single year you're just
gonna end up being poor and losing all your money so if you have any questions
I'm here to help you I want to avoid the emotional stress that goes along with
you losing from trading and by putting your belief into these fake gurus
only to be manipulated and mislead because these guys don't have your best
interests at heart and yes I sell courses but look if you
don't want to buy anything from me I'm totally cool with that because I don't
need your money. I was rich before I started teaching so I don't get rich by
teaching. It doesn't matter to me whether you buy anything or not I'm
just here to try to put out a video to help those people who are on the fence
so that they can avoid being fraud victims because make no mistake about it
day trading and swing trading is a scam and day traders and swing traders are
fraud victims.