I wish to end this insane conversation here with the information necessary for people who are thinking about booking his course because these comments here are extremely confusing. I'll leave you with his strategy and how he actually manages to make his money.
As I mentioned in the previous comments his business model is built on a subscription-based program, which means let's say for the basic program you pay 4 x $295 (1180$). You start learning and every chapter is blocked until you finish the preceding one, and you are limited to how many lessons you can take per day so that you are forced to wait and pay the monthly fee. His argument will be that you shouldn't rush things and learn slowly. At some point in his course, you will start demo trading, and some percentage of people will be lucky and make a profit and some will lose and think they haven't understood the material so far. So it really is a 50/50 chance depending on the situation of the markets. The reason for that is that his strategy is extremely oversimplified and it's hard to try to predict a complex algorithm that is moving the markets, so it's really gambling at this point. Now here comes the "Assisted Package" in play for let's say the 50% that haven't been successful. They should upgrade their subscription to the "Assisted Package" which costs a whopping $695 per month because the oversimplified strategy didn't work and they need help. He urges you in a lot of lessons to subscribe to it if you didn't understand something.
On top of that, he has an "Affiliate Program" that you can promote his program and earn money with it. 20% for the "Basic" 25% for the "Assisted" and 30% for the "Assisted Plus".
He promotes his program and himself on youtube and other social media platforms and seems to be very sincere and cool and shows off his wealth any chance he gets. Additionally, he claims he made a profit with this strategy of about 9 million. He posted blurred statements on his website that show his very suspicious trading records, I made a previous post about the red flags where I mention this in more detail.
To his strategy, I can go into more detail if people have questions because I don't want to write a book here.
He calls it "Key Level" trading and that is really the biggest aspect of his strategy. Drawing horizontal support and resistance levels with something he calls "CCL" (Candle that Created the Level) and "CSL" (Candle that Confirms the Level), again I can explain that in more detail, they are a lot of methods of drawing s/r levels that you can find online for free. He is trading breakouts, false breaks, and bounces of the support and resistance "Key Levels" (Examples Screenshot 1,2,3). He teaches 9 Different kinds of "Key Levels" (Screenshot: Key Levels)
In addition to that, he uses 2 Indicators to take signals from these levels: MACD and Stochastic. He gives custom settings in his course for both indicators and prides himself on that. It's nothing spectacular I can provide the custom settings here as well. In MACD he is looking for a divergence of 50% (+-8%) from the previous peak or bottom and takes as a signal a "wave beyond or above the trigger line", ill attach a screenshot (4) that shows this. In Stochastic he is looking for "stairs", meaning waves going into a trend direction from the oversold or overbought zone.
His risk management involves:
- Max. Risk 1% of your deposit.
- ATR (Average True Range) I can explain that in more detail as well. (5)
- Back into Trend Rule on Indicators (Signal in other direction you stop the trade and open a position in the other direction)
- 50% Spike Rule (6)
- 1/3 Rule (min.amount per trade of SL x 3 = TP) (7)
- Gaps in the opening (In case of a gap in the market open, start calculating ATR from the previous day's closing point.
- 3 losses rule (If you have 3 losses, stop trading that day or change the market or lower the contract number)
At the end of the program he "teaches" very shortly how to use a Level 2 order book and how to pick stocks.
So this is the strategy overall. Of course, you could go into all the details a bit more but that is what he is basically teaching for $1000 or $2500 dollars comrades.
If you think this is a good strategy to trade the financial markets, good luck with that, there is a reason he is teaching this and not trading it. As I mentioned before to identify an algorithm in the markets is unbelievably difficult and it requires much more advanced analysis to do so.
If you believe that I'm wrong and you actually traded this strategy and are profitable, I would love to see your trading records and actual (!) proof that you used this specific strategy to do so. So far crickets...
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And as long as he doesn't provide concrete proof of his trading records to show he actually used his own strategy to trade, I don't trust him. Blurred IB statements and spreadsheets don't impress me.
If somebody wants to have a genuine discussion about this I'm open to it. I will ignore insulting and childishly defensive comments.
D
