Stay Away From the Prop Firms and Those Who Promote Them

There’s no doubt that this is one of the hardest markets to trade, in quite some time. What points up eventually points back down and vice versa. 

The worst thing that you could possibly be doing right now is overleveraging yourself and trading the trash that so many of the newsletters pushes out to its customers. 

Most of these trading services focus on over hyped stock plays that everyone is trying to get in and out of all at the same time. They usually consist of stocks trading under five dollars with barely any volume. The head trader will get in the stock and then tweet it out and tell all his subscribers to get in it as well. Not only that, but they tell all their friends that matter to them that they will be buying a certain stock so they can get in before all of the followers do.

What happens is the stock they recommend buying pops 5-6% almost instantly!

And then as their followers are getting in and establishing a position, these newsletter services are selling out of their positions, with a ceremonial chest bump or an exclamation of “boom” or something else ridiculous in order to put their stamp of approval on their stock manipulation practices. Then when subscribers claim they couldn’t duplicate anything close to the same results, they tell you that you just need to become better trained in the art of trading and purchase their God-awful trading course that nearly bankrupts you in the process. 

Sounds bad, right? Well, it gets worse…

You see, they have agreements with these things call proprietary trading firms, also known as “Prop-Firms” where they try to push you into it by promising you 10-1 leverage and the ability to get in over the $25k day-trading requirement. 

The margin they offer is bad enough, but did you know, that the prop firms out there actually are paying these newsletters for you to subscribe? That’s right they are making $1-2 off of ever trade you make in the prop firm, which incentivizes these newsletters to put out more trades because more trades equals more trading commissions. They don’t care if the trades are successful or not, because if they have 100 traders in the prop firm, they are making $200 risk free money every time they place a trade. If they place 10 day-trades they just made $2,000 on the day, $10,000 for the week, and $520,000 per year. And worst yet, they are taking YOUR MONEY! Yes that is your money that is making them rich with nothing to show in return. 

These companies send me emails every week asking me to partner with their prop firm and every time their ears receive a resounding NO!

Prop firms and the newsletters that partner with them are the scum of the earth and a cancer to the financial industry. If you join them you are throwing your money away – guaranteed!

But what I do is different. I offer a swing-trading service that stays on the sidelines when necessary and trades aggressively when the situation calls for it. My trades can be duplicated because I do not trade anything under $5/share or low volume stocks and I’m the only service that posts his updated past performance EVERY MONTH for everyone to see! There is nothing to hide, and you have access to me each and every day in the Splash Zone Trading Room. 

I also partner with Ditto Trade which is NOT a prop firm, but a full-fledged online brokerage like TD Ameritrade or E-Trade. The only difference is that they provide traders with an additional option of duplicating and automating newsletters like mine. I receive no kick back – none at all. I like Ditto Trade because it offers something that no other service can offer and that is to automate my trades and allow traders who can’t watch the market every day, the ability to still duplicate my returns. 

So there you have it – stay away from the scams that are rampant in the financial industry – trade with someone who hides nothing and is a vocal advocate against the frauds that represent well over 80% of this industry (that’s probably a conservative estimate) and start trading with me by trying out my Free 7-Day Trial to the SharePlanner Splash Zone. 

With The Splash Zone, you will get my low risk and high probability trade setups that no other trading service can offer.

Start Your Free 7-Day Trial Today!