This is not a scam, but Ross Cameron promises much, much more than he delivers (profit) in his expensive trading program:
Ross claims to have made over $230,000 in 2016, and his brokerage account as of March/April has hovered in the $10000 range (grown from a $500 account starting 1/1/17). Unless he's fudging paperwork, his profits are impressive. However, Ross has taken massive and significant losses in March/April of 2017. Following his trade advice recently has been a costly and potentially devastating propostion for any green trader.
According to his website, the $4299 3-month training program is his most popular. This includes access to the trading chat room, chat room 3x week mentor chat sessions, and a rather thin curriculum, where the student watches long 2-6 hour long video lessons of Ross rambling about basic trading and chart-reading concepts, which could be covered in a tiny fraction of the time. At the end of each lesson, there is a homework assignment and a quiz. Neither are reviewed by Ross or his Warrior Trading team. Instead, submissions of the homework/quiz automatically generate pre-composed email replies with the "correct" answers.
Get a Chat Room Subscription
In a nutshell, if you are intent on joining Warrior Trading, AVOID the training programs. Instead, sign up for a chat room memberships ($74/month annual membership). When you join the chat room, DO NOT follow Ross' impulsive reckless trades. Instead, look to him as an example for what NOT to do. Pay more attention to JohnL10, Mike, and Jeff, who all seem to be much more competent at trading successfully and managing risk.
Fake Scholarship Program
At the time I joined, in one of his "webinars", Ross was offering about 30 "scholarships" where the cost of the school could be credited toward one of their partner trading platforms by reducing per-trade rates by $1/trade until the cost of the Warrior Trading program is met. What he doesn't tell you is that at the same time, these same trading platforms were offering bigger credits (in some cases up to $10,000 in trade credits) by simply signing onto them with the required deposit (minimum $25,000 - $30,000).
Constantly Crashing Stock Trading Simulator (FST)
As part of his trading program, Ross offers access to Fantasy Stock Traders, a stock trading simulator, which allows the student to practice real-time trading without using real money. Great idea, except that hardly a day goes by when FST doesn't crash, because of server overload (due in part to the number of students Ross and clan have recruited). FST crashes have been going on since at least the beginning of February 2017. When it is working, the FST platform is not intuitive or user-friendly and windows cannot be enlarged or reduced without losing vital information.
It is nearly impossible to use the program without using a large 20++ inch monitor. Many students have resorted to creating separate tabs for their watch and position lists (which has also contributed to the server overload). When I expressed concern about the FST platform, I was told by one of Ross' associates that I needed to invest in a larger monitor. A student would be better off going elsewhere, like ScottTrade, for a virtual trading platform.
The Hipster Cramer
Ross Cameron styles himself as a "Hipster Jim Cramer", complete with the man-bun, beard, and hooded-sweatshirt. He uses words like "mindfully" and loves working on old diesel Mercedes. Although he's based in VT, he could be straight out of a Portlandia episode. The promotional videos, like the one of him in a tennis outfit, at a bowling alley, or trimming his indoor plant, all seem a very fake. He's not a natural celebrity, and frankly all the promotion in the world does not change the fact that he has lost thousands of dollars a day, several days a month.
Pump and Dump Stocks
Ross spends a lot of time "analyzing" stock charts, drawing neat chart lines, and providing impressive names to different forms of stock movement during his prolonged and extended "classes". However, most of the live trades he takes are split second buy/sells in stocks that are spiking. There is definitely no time to "analyze" the stocks he jumps on. Having hot keys set up to jump in/out of these trades is the only way to take them. Even then, many of these stocks spike or drop .20/.50/1.00 in a matter of seconds. Horrified chat room observers have watched as Ross loses anywhere from $1000 to $7000 instantly. The extensive stock analysis training, therefore, seems useless in the context of the kind of trades Ross takes. And his trading method seems reckless and impulsive.
Do your research and take advantage of free trial memberships with day trading chat rooms before investing in a trader education program. Trade Ideas offers a great unlimited FREE chat room moderated by Barrie Einarson, who takes a more mature, relaxed, seasoned and low-risk approach to day trading. If you opt for the Warrior Trading program, you only need a chat room subscription, and pay closer attention to Mike, Jeff, JohnL10 and Roberto who all take more sensible and restrained appoaches. Avoid jumping on Ross' trades and use his trading method as an example of what not to do.
This review is the subjective opinion of an ourinterestingworld member and not of ourinterestingworld LLC
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