Is this yet another fake account from tcook? Seems like it. Claims are all the same. Language is the same. All of this was already responded to and completely trashed! Everyone seems to forget about other real facts out there and this is a huge red flag when we consider the legitimacy of the comments. Even the bs about the name. For one I dont see a name in those reports and I can imagine that having personal data at all can have legal implications. That he has atleast something is already much more than majority of other educators. Does anyone have any common sense? Everyone seems to only want to see what they want to see. How about dual citizenship and a different writing of the same name? Didnt occur to anyone? To you in particular?So I will admit, that I only created this profile so I can respond here because I actually booked his course and can provide some insight here.
First of all, I have zero beef with people selling their "strategies" or trading courses online and earning money with it. It's the free market place and with good marketing, it's easy to sell crap nicely wrapped these days. That being said, selling something under false pretenses is another story. I will come back to that.
So his course costs 1000$ for the basic package - meaning without any assistance, basically self-learning. Now for this kind of money, you should expect something huge I would say because it is extremely pricy. Unfortunately, it's very basic stuff he is teaching. Basically, he is trading support and resistance "key levels" with 2 indicators: MACD (He looks for divergences in those) and STOCHASTIC. So nothing spectacular, you can learn that in a lot of places for free. His risk management is as well nothing interesting, you can find similar risk management strategies online for free as well. Now for people claiming that his strategy is amazing and great are either beginners or delusional.
So even tho I did his course and paid for it, it's my own fault - I didn't know better. I was and still am a beginner and didn't have anybody to guide me, so naturally, I looked online and trusted this guy because he seemed sincere. I was a bit blinded by his claims of success. Calming he made 8-9 mil with trading.
Anyway here are the red flags that I should have seen then but didn't:
- Trader is not actively trading anymore with a claimed profit of 8 million (or whatever)
As the saying goes: "Those you can't do - teach". For me despite what he claims, this should have been a red flag.
- Trader is using a different name.
Now that's nothing new, a lot of "teachers" and gurus use fake names to hide behind them to sell whatever they are selling. I really wouldn't care to be honest if there wouldn't be the IB statement problem. He Americanised his name from Tomass Krilovs to Thomas Kralow. It really wouldn't matter if his IB (Interactive Brokers) statements would clearly show that name, but they don't. On the statements, it shows his fake name. You need to prove your identity on IB and can't use a fake name. Big ass red flag. I will attach the screenshot and you can find it on his website as well.
- The course is a 1'000$ (2'500$ if you want an assistant..)
Even without the other claims so far, why would you ever pay 1000$ if you don't know what's behind the doors? Because his marketing is very good and you are a beginner impressed by what he is saying and eager to start earning. You can get a book for 50$ that would explain to you 10x more than his course does for 5% of the money you would give him. But you don't do it because that would really involve some hard work. It's basic human psychology and simple marketing that he is using here to sell you something that you don't need. I really would recommend people to read Morgan Housel's book: "The Psychology of Money", before they even start thinking about the financial markets.
- He is showing off
Now I learned something important in these last few months/years. Because I met some real-life traders and entrepreneurs all over the world.
Here is what I've learned: If somebody is showing off his wealth to impress you to buy something from him or her - be very very suspicious. People who really have a lot of money, especially in the financial markets are usually quiet about their wealth - excluding public figures of course. So if you see a trading course making these kinds of claims, stay away.
- No live trading videos
A trader trading the amount of time he claims he did, would have tons of material from his live trading sessions. There are almost none (2 on youtube). Why? Because they probably don't exist.
- Deleting Trustpilot reviews
I understand there are some people who are just spamming there but some of the negative reviews over the last year just magically disapeard. And he gets very touchy about them, doesn't take criticism very well.
So in conclusion - If something seems too good to be true, it probably is. Keep that in mind. In this case, there are too many red flags to pay even a 100$. For beginners reading this, start with the basics. Ask experienced traders like in these forums what to read, where to start. If anybody is asking for money from you without providing what EXACTLY they will teach you, stay away.
What about all his students that are doing really well? Of course some people are gonna fail miserably because they are damn losers like tcook hater. What about those who are doing well? Me for example and I have posted my stats from across 250 trades. No I did not sit there three weeks writing it all just for tcook. See what I posted a while ago here. But everyone disregards this fact? What a great constructive conversation.
The claim that thomas does not post trading vids is also not true. He does and shares it all on YouTube and Instagram. Not as much anymore that is true yet he explains and shows what he does now instead and any of you would so exactly the same if you were him. Making a million a year from courses doing close to nothing or trading with risking capital every day? How stupid someone has to be to not understand this fact? There are millions to be made from education and why someone would want to sit there in front of the screen all day for potentially even less money or a loss??? How dull are his haters?
honestly even dan lok, cardone, tony robbins, and others are just geniouses that provide great education for people but most still not like them. Why is it though? Too stupid to understand the value and the information. And yes they are all multi millionaires from what they do! Hates call them scam while others learn and some even succeed. Its just a chance and nothing else. Nobody promises anyone anything. Even thomas with his course. What he teaches is very logical and straightforward. It works for me and many other students. Tcook mistakenly says that its all basic information. Please be a human for once and give us all examples of strategies that are not too basic in your opinion? What are the aspects that thomas does not teach? And dont name some stupid crap that does not correlate with his approach. Ok, even I was thinking that maybe I could add a deeper volume profile analysis and some more fundamentals, but it all made no difference and made worse results. There is no guarantees strategy that works all the time. You have just run through the program guys and did not appreciate the deep logic behind it which is really on the surface.
All seem to be such gebniuses but nobody has posted a better trading statistic or statement than I did in this forum. Post your statistics of 200+trades where you did better than me! Seriously do, and explain what you do differently. This tcoook is writing hateful stuff majority of which is total nonsense while thomas is the one buying rolls royces in cash. What a bummer it must be. Dont even start by screaming that its all course money. I follow him for a while and know people who have followed him a long time and he was living a hugh life before the project launched last year. He was already rich. Is it so hard to check? Such stupid detective work that misses everything.
i am just done with this forum and all the childish things. I just wanted to offer my view as a happy and successful student of thomas. Turned out to be just a bunch of illogical copy paste hate. I am sure that this nonsense will only help thomas because its apparent how most if not all accounts here are made by the same person. Moreover thomas’s marketing team is so strong that this project is only getting started and nothing will stop in a million years. Look at grant cardone, dan lok, ross cameron, sykes, and other educators who get much more hate. They dont give a crap about it and make millions while some small dogs are barking behind them. Its just a waste of breath. These forums have no impact on anything. Whenever someone is successful in anything there will be a billion crapsters who want to pull him down. They just dont realise that their effors are going to be in vain. Just remembered tai lopez guy with lambo ad. Remember how much hate he got and still gets? Still makes millions without a care in the world. Thomas provides good education for anyone to get into teading in proper way and save a lot of time and money. This is the absolute truth.
i am out of this hole you can keep talking to yourself tcook and others who wanna stick around for your lunacy. I have the markets to conquer.