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? asked in Business & FinanceInvesting · 2 months ago

Why are successful day Traders with verified profit trying to sell courses?

Why would a good day trader with verified profits try to charge money for courses or to charge money to have people in their chat room? One traitor was the co-founder of ticker talker he charges $20 a week and also charges for courses. Why would a highly successful Trader need to do this? It doesn't make any sense. Is there something I'm missing?

For example Ross from Warrior Trading and makes these huge amounts of money every day from day trading but for some reason he tries to sell courses, access to his chat room, gives YouTube commentary a whatsApp number and when you message that WhatsApp number attempted to be sold something by somebody. Is there something I'm missing? With huge verify profit, why would they try to considered small amounts of money from people by selling lessons and things like that?

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  • ?
    Lv 7
    2 months ago
    Favorite Answer

    Day traders are 'daily bread' kind of professionals who earn their living the hard way every day by staying abreast of the latest market trends and low level investment opportunities and generally earn only about the yearly salary of the average American. I would imagine they could earn more money selling their knowledge, (which is actually substantial from their wide range of experiences), teaching other people how to make a decent living doing what they do.

    The big brokers are the ones who make all the real money because they invest many millions at a time and have the financial backing of big investment firms. The more money the average day trader has to invest, the more they can earn, so selling their knowledge can make a big difference for this reason too, since it increases their investment principal and overall borrowing power. 

  • Anonymous
    Lv 7
    2 months ago

    Any money manager who is truly successful tries to keep a low profile, gets to choose which investors he wants to deal with, and charges a lot for his time if he feels like meeting with you if he does at all. Warren Buffett tries to keep quiet about his latest dealings and has declared decades ago that he doesn't need additional partners. In addition, he never split his company's stock, so the amount you need to invest to become one of his voting shareholders is in the hundreds of thousands. Attending his charity banquets is also going to set you back a small fortune. 

    Losers selling courses either teach you something that you can learn from doing your own research, is general knowledge, or is questionable.         

  • Anonymous
    2 months ago

    In a lot of cases they are trying to get you to become part of a group of followers. Take that guy Cramer for example. He isn't clairvoyant, he knows how to get lots of people to buy stocks he mentions which drives up the price and becomes self-fulfilling prophecy. Cramer makes a bundle by buying before making the recommendation and selling when all the chumps jump in.

  • Anonymous
    2 months ago

    The obvious answer is they DON'T make lots of trading profits everyday.

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