Stock Scams – Not a Fools Joke!
Author: Chris
Comments(11)
Comments(11)
I will start by saying that I don’t know if this link is legit (it was provided by Howard Lindzon, so who knows – lol).
However, I had to make a post when I read how this fool made $139,000 trading in front of a live audience on May 13, 2006 in Las Vegas.
One problem: This guy forgot to mention that May 13, 2006 was a Saturday; so as Curtis Faith pointed out in the comments section of Howard’s blog, it must have been tough trading a closed market.
I would hope this is an April fools ad but it doesn’t look like that!
See for yourself: I made $139,000 that day
What a LOSER!
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That made me chuckle.
Best wishes,
Declan
Wouldn’t it be possible to trade the currency markets on a weekend? After all, they’re open 24-hours a day, right?
I am with you, what a loser.
lol, that is funny stuff…
WHOOOPPPPPSSSSSS
Sorry buddy, I will now only be convinced if he shows me a highlight video with EDM music playing in the background!
Terry,
As Curtis points out, this guy claims to be an equities trader. So that rules out Saturday trading.
By the way, I bought Curtis Faith’s new book yesterday after the recommendatiob by Brett Steenbarger and it is excellent (read half yesterday afternoon). He was the most successful Turtle. He took $1 million and turned it into $31 million in a matter of a few years.
[...] Chris and Howard Report a flaw in a major stock ad, wow this is sad… [...]
Well, you have to read the ad copy a little closer. He actually doesn’t ever really say that he made $139k trading stocks that day.
100-plus clients who paid 1300 each to listen to this guy would have delivered the requisite $139k to make this claim true…..
Diatribe,
Key phrases or words: “traded LIVE” – not an equities market!
“That’s real money, not some simulated trading portfolio” – This implies he made the money from the market, not by charging admission.
In any event, May 12 2006 would have eliminated this discussion.
The Forex (currency) market closes Friday afternoon and re-opens Sunday afternoon….so he didn’t make it that way…
The old twist and distort, nothing more. The $139,000 was probably based upon some kind of projection of attendance, hot dogs sold and parking fees collected from outside. Any good con man can twist and distort the language so his audience will think the revenue is from another source, e.g. stock and bond sales.
–Jack Payne