Warrior Trading Forced To Pay 3 Million For Misleading Day Trading Scheme – I wonder if Warrior Trading is a scam or not? Want to learn more about the Ross Cameron and Warrior Trading lawsuits? This post has you covered.
While many smart people think that Ross Cameron is profitable because he runs ahead and “sucks and dumps” his audience, you can read my thoughts below:
Warrior Trading Forced To Pay 3 Million For Misleading Day Trading Scheme
I have discussed options trading and day trading, and while I think options trading is far superior, I understand the allure of day trading.
Tell Us How You Trade
Ross Cameron and Warrior Trading are very successful, but for some reason there are people who are not fans.
For example, Jeffrey Fortis, who is one of the founders of Warrior Trading, was accused of raping a child and convicted of a number of lewd acts.
Unfortunately, Jeffrey Fortis sued Warrior Trading and claimed wrongful termination after Ross Cameron fired Jeffrey Fortis due to theft, poor performance and other issues: https://drive.google.com/file/d/1DdFy33yvhS4Jf2GSoRSWpiRBjXt-Pciw/view? usp=drive_link
Warrior Trading observed several operational deficiencies and found that Fortis had committed several violations of company policy. These included: not attending industry seminars; make multiple unauthorized charges on your Company credit card; disrespectful and unprofessional behavior with customers; regular absence from work without prior notice; takes many and long personal vacations without any official request or consent; failure to attend important meetings of the Company; using the Company’s credit card points for personal use; hiring an assistant without prior notice or consent; offering cocaine to another employee during work; possession of a firearm in the workplace; and access and delete confidential information without authorization.
All You Wanted To Know About Ross Cameron: Net Worth, Trading Tips, Strategies
Fortis was terminated “for cause” in 2018. in October and later filed a retaliation and wrongful termination lawsuit in California. Fortis claims he was wrongfully fired in retaliation for concerns over alleged harassment, retaliation and improper access to the Company’s bank account and other confidential systems. Fortis essentially alleges that it was wrongfully terminated in retaliation for complaints and as part of a scheme to deprive the plaintiff of its stock, rather than a “for cause” termination.
The Federal Trade Commission (FTC) alleged that Warrior Trading, Inc., Warrior Operating Inc. and Ross Cameron engaged in deceptive and unfair acts or practices in violation of Section 5 of the FTC Act and the Telemarketing and Consumer Fraud and Abuse Prevention Provisions. act These violations involved the promotion, marketing, distribution, and sale of the Day Trading Strategy and related goods and services to consumers throughout the United States. Specifically, the FTC charged that Warrior Trading made misleading earnings claims and misrepresented its day trading strategies. The company claimed that users could achieve financial success regardless of their background or experience, and that consistent profitability was achieved with a minimal investment of time and capital. The FTC also alleged that Warrior Trading engaged in deceptive telemarketing. These included misrepresenting the risk, liquidity and potential earnings associated with day trading, as well as making false or misleading claims to induce consumers to purchase their goods or services.
2) Ross Cameron also claimed to be an architect, which is false and also a crime in New York State: drive.google.com/open?id=1IlpM4a1gK0lvv4XjmRA6QFXT4CsThwHZ
7) Warrior Trading and Ross Cameron also filed a frivolous lawsuit and lost an anti-SLAPP case in California when they tried to curtail free speech: drive.google.com/file/d/1IJzDKbcZxZiOrAtWeYSn4I9WSXBEOrcY/view?usp=sharing
This Is What Full Time Traders Do Differently Than Amateurs… #a#asfxa#austinsilverd#daytradingtipse#entrepreneurt#tradingtipsd#daytradingshowd#daytradingpodcasttradingstrategy
10) Warrior Trading claims 80% of their members are profitable (FTC says this is false): https://drive.google.com/file/d/1AqQAinzAIcb_pKCuCDpc72sa96wD7Xnd/view
Although there are claims that they manage their members and that their members lose money, I believe that since traders lose money almost all day, Warrior Trading is probably no worse than Humbled Trader, ZipTrader or Steven Dux.
I (David Jaffee) help people become consistently profitable traders by minimizing risk. Learn more about our live trading alerts and rates. I graduated from an Ivy League university and worked at some of the most successful investment banks on Wall Street. Subscribe to my YouTube channel for valuable videos – YouTube Channel. My personal website is DavidJaffee.com.
Related announcements in 2024 September 29 3 Most Successful Trading Strategy Options (Guide) 2024 September 9 Are Stock Trading Robots Scams? 6 reasons to avoid them in 2024 September 9 options trading vs day trading: which is best for YOU? in 2024 September 9 Robinhood: Safe Haven or Scam? Your money is at risk! in 2024 August 29 3 Deadly Options Trading Mistakes (and How to Fix Them)
Is Warrior Trading A Scam? The Shocking Truth Revealed
Please login again. The login page will open in a new tab. Once logged in, you can close it and return to this page. Day trading stocks and technical analysis is a scam. The people who make money off of it are fake gurus selling apps that don’t actually work.
Technical analysis and day trading scams/scams rely on misattribution – where a profitable trade is attributed to an indicator or pattern instead of a plausible probability.
This article will tell you everything you need to know about why day trading is a scam (and what you should be doing instead).
People are looking for patterns that often don’t exist. According to my former professor at Cornell University, Tom Gilovich (one of the world’s leading experts on patterns and cognitive biases):
Day Trading Computer Setup And Equipment
I hate to call something a scam; it invites people to attack me, call me stupid, and point out superstar day traders who (they claim) make millions a year (but these traders never release the trading reports of all legitimate brokers) or be fined by the FTC. for misleading marketing or they direct their followers.
But let me be clear… I would never recommend anyone to become a day trader or trade penny stocks or forex.
I believe that all day traders, penny traders and forex traders who claim to make money are scammers who rely on psychological manipulation and clever marketing (fake reviews, TV interviews, fake social proof, affiliate programs, pump and dump, etc.)
Remember, there is no such thing as easy money! In most cases, making and keeping money requires skill and good habits.
Warrior Trading Sued $3 Million By The Ftc
I used to trade daily. I remember when I would have a good day I would feel really good, like a temporary euphoria – similar to the feeling I get when I win a game of poker.
Overall, I have lost much more than I have won in day trading. I usually don’t mind losing as long as I feel like I’m getting better and better.
But I didn’t feel like I was learning or getting better at day trading. Back in 2008 researched and reviewed technical analysis indicators; I would have a profitable trade with one of them and then I would think I had found the “holy grail”.
But when I tried this indicator again…it failed. No indicator has stood the test of time and been consistently profitable.
Best Trading Courses Of 2024 (day Trading And Swing Trading)
Every time I traded, I always felt like I was trying to explain why the stock didn’t move in the direction I predicted – blaming myself for “missing something”, but I soon realized that trying to predict future price movements was impossible.
Even if I made money from the deal, it became clear that it was just luck. I have never received confirmation from the market that any day trading, penny stocks or forex strategy has been consistently profitable.
Day trading is like riding a roller coaster blindfolded and believing that I can predict the movement of the roller coaster.
I’m sure some of you are reading this and thinking, “Yes! Your strategy was probably wrong, but mine is better!
Interview With Warrior Trading Founder Ross Cameron
And to those people I would say, “I doubt it. After enough trades, you will lose money. be profitable.
Many of my members have lost money through day trading, technical analysis, and penny stocks (in fact, I have NEVER met a profitable retail day trader).
If you ever get a chance to peel back the layers and look at the results of many day traders (or ask them to go live and show you their account trading history/completed trades), chances are almost all of them will lose money.
And… the reason is not that they are stupid, the reason is that it is practically impossible for retail traders to make consistent money in a day trading penny stocks or forex (the expected outcome of each day’s trade is negative) .
Ross Cameron Trader Insights, Net Worth & Trading Style
Every time I traded, I never felt comfortable that any indicator or pattern was reliably profitable. Even if I did make money from the trade, it might just be luck.
Currently, my trading commissions and fees are about 0.1% of my account size – yes, 1/10th of 1%!
I am good at managing my expenses. The main reason is that ~95% of my trades end up worthless or close for 10 cents or less (I don’t pay closing fees because of the E*Trade Dime Back Program).
I adjust the other 5% of my trades until they expire or are closed. Most of my annual commissions come from trading SPX with 0DTE and 1DTE trades.
Introduction To Leveraging
When I was day trading stocks, my fees were around 8-9% of my account size; there is no way to make money in a day when you pay these fees.
To be honest, I don’t think most do
Related Post "Warrior Trading Forced To Pay 3 Million For Misleading Day Trading Scheme"