Yup, this will be my last round of picks. I will post my profits later today and leave it at that. I will post my advise on another forum that appreciates my advise. Too many people who can't do this are skeptical. guess that makes me a genius then lol.
Another thing i can't seem to understand and would appreciate that members like wiz could explain better is the following question: How could i scam anyone here? I completely understand that i could try to scam people if i where posting last months picks and posting how much profit i made and blah, blah, blah and asking for money. But i am not, i am posting my picks before the market opens and posting my profits after the market is closed. The only thing i could think of is that you guys think that my free picks would one day become paid picks, which i would absolutely make more money just working on a firm rather then charging monthly for my picks. I mean look at the amount of money i just made yesterday, do you think i need $20-30 dollars per subscriber? why? i would like to get a clear answer other than "this is a scam for sure" "nobody can pull this off, its a scam" "i am a trader and for sure this is fishy and a scam"...
Sorry to those that subscribed and were actually exited about this, but this will be my last post after i post my profits when the market is closed.
Mate, about half of my college buddies are now working m&a or investment banking, so even if I've choosen a different road, I have quite an idea what this is about.
I have nothing against you, and I think you came posting these in good faith, but there obvisouly are a few things you don't know, including that most of the folks who came and posted free investments tips on the internet ended up as scammers, or at least in a lot of people loosing a lot of money.
I'm also quite sceptical about the fact that you could work for an investment bank, because if you could, you would. The few dubbies I have who work in front office make around 100-300K EUR per year (with bonuses) without any risk of loosing their own money. Even if you can make twice much working alone, it's still not worth the risk.
Day trading is dangerous because it's accessible. You don't need a lot of money to start, and the fact that you don't have overnight positions makes you feel like there are less risks. But the truth is that the highly leveraged strategies you use make it equally dangerous, if not more, and the fact that these strategies are ran by people with low market education make the huge money losses pretty common.
Bottom line, I'm not saying you're a scammer, I'm saying most of the guys who posted free investment tips on a open forum ended up being scammers, so acting the same may confuse people.
And once again, I have nothing against you, and I hope you'll keep making good money.