Bulls on Wall Street is a day trading education company set up by Kunal Desai in 2009, an experienced trader with an estimated net worth of $4 million. They currently sell online trading courses to young, naive wannabe traders, teaching them the fundamentals of day trading through multiple options such as chat rooms, webinars, online video lessons, and boot camps. Most likely you discovered Kunal through his marketing video below on Youtube that portrays this cool trader lifestyle of him driving a blue Porsche 911 and showing off his boat. His buddy Cameron Fous and Tim Sykes also employ similar marketing tactics to sell subscriptions and events.

In this article, I will show you exactly what I think about Bulls on Wall Street and give you an overview of the pros and cons of the program. You will learn about their products and whether or not they are just blatant scam artists looking to sell over-priced courses to suckers.

What Exactly Does BullsonWallStreet Offer?

The main program which BOWS promote heavily is the 60 Day Trader Bootcamp, it is a hands-on training course that shows you 15 different trade setups in live action. Kunal Desai hosts about 4 to 5 bootcamps annually and everything is done live. Nothing is pre-recorded.

60 Day Bootcamp Overview

This course is loaded with tons of material but is very pricey:

• 28 Live Webinars
• Q&A Sessions
• Quzzies & Homework
• Daily market recaps
• A real-time trading simulator
• Personalized Trade Plans
• And Access to a personalized student community

Although there is some useful content, it is crazy expensive. That’s probably why the price isn’t listed on their website and you must inquire to find out the cost. It turns out it will set you back a whopping $3000, it’s definitely not worth that price tag, you can easily find a cheaper alternative to learn similar information. A good tip is to check eBay as past members often sell courses at a massive discount.

They back up this outrageous price by claiming you get the opportunity to watch a millionaire trade live and you could duplicate his success by following his exact strategies. They charge a hefty fee and it’s unlikely you’ll ever recover back the costs. They claim you should be able to learn enough to make back your investment with profitable trades.

If you really want to take a course, then I recommend the cheaper Intro to Trading Course for $149. You’ll cover all the basics of day trading for beginner & intermediate traders. This is a far better value than the main $3,000 bootcamp.

Bulls Vision: Live Day Trade Alerts

They also offer day trade alerts called Bulls Vision, which is more practical and for traders with no prior knowledge and experience. They send out daily “buy and short” alerts to help you make better decisions. They also provide a live chatroom so you can discuss your trades with other members.

In my opinion, I feel the day trade alerts are the most useful product. With so many educational programs out there, you don’t have to spend a fortune on the basics. The biggest problem starting off lies in a trader’s behavior: knowing when and what to trade.

BullonWallStreet solves a difficult problem for beginners at a relatively affordable price. You can sign up for a monthly plan for $139, avoid purchasing the annual plan for $749 because after a few months you will learn enough to think for yourself.

Swing Trade Alerts

They offer a newer program called Swing Trade Alerts for those who don’t want to sit at the computer all day. Swing traders hold a position for a few days so you only have to make 2 or 3 trades per week. This is a suitable alternative for the average person who have full-time jobs and can’t follow the market.

The program is taught by Paul Singh, an 18-year swing trading veteran who apparently generates 20% ROI monthly, although Paul hasn’t verified these claims or shown verified profits to back up these claims.

Things I Like About BullsonWallStreet

One of the biggest benefits to joining BOWS is getting hands-on live training from a stock market veteran who has a vast amount of experience. His students love his high energy and live teaching methods. You get to know Kunal and talk to him 1 v 1. This is very different from most educational companies that tend to neglect their customers once they’ve signed up and only offer basic support. Customer support is definitely the strongest USP.

New traders could benefit from his live trading alerts. Most people don’t have time to sit at the computer all day and search for setups. A lot of people would rather receive profitable trade ideas via email and live chat rather than doing the research themselves.

Things I Dislike 

Upon doing much research I came across TradingSchools review, he calls BullsonWallStreet a major scam and bashes his Hedge Fund/prop firm Clique Fund. The blogger makes some pretty bold claims, some of which I agree with but he doesn’t have proof of to back-up all of his accusations.

I’m not exactly sure how accurate they are, but it does make me wonder about Kunal’s company. He sells the dream of living a rich trader lifestyle, but does he actually back up his claims?

I’ve read lots of positive reviews about his service so this article is the only major blemish. It mainly speaks negatively about the 60 Day Trading Bootcamp, not the swing trade or day trade alerts.

Final Verdict: Sign Up Alerts, Skip the Course

In conclusion, I would recommend skipping the expensive $3,000 Bootcamp because there are too many skeptical claims and slightly negative reviews. Not to mention that $3,000 is a crazy amount of money for a day trading course. It could be claimed that most of the information could be found in books & through free videos on YouTube.

I do recommend signing up for his day & swing trading alerts because this helps you learn exactly how Kunal is thinking, plus gives you actionable stocks to trade. Focus on learning instead of how much profits you are making during the early stages and it’s best to start out with a paper trading account.

I hope Kunal addresses the highly negative article from TradingSchools to clarify the situation. At the end of day, Kunal is a good trader but he’s more of an entrepreneur who makes the majority of his net worth through selling training. This is why he and Tim Sykes attract so many haters online, they make millions per year teaching instead of trading. If you’re thinking about signing up, BOWS does offer a free trial so you can try it out for free before spending your hard earned cash.

Sean Dekmar is the owner of DekmarTrades.com, an investment website that teaches novices how to day trade penny stocks. Everyone knows the penny stock market is prone to manipulation and scammers looking to profit from naive millennials. Sean is another “guru” banking big bucks selling education to beginners but at an affordable price. His membership prices are reasonable, $59.99 per month is a lot cheaper in comparison to Tim Sykes and Investors Underground who charge premium prices. Dekmar Trades offers nothing unique, he sells access to live chat rooms, video lesson library, daily watchlists and custom scanners. Pretty much every stock market teacher online provides a live chat room, video lessons and weekly webinars etc.

Currently, Sean has 1,000 members, that’s one thousand people paying him $60 each month. $60,000 per month is nice passive income, it won’t be long until he’s making a million every year from subscription sales alone. In addition, he sells merchandise such as hats, snapbacks, and t-shirts to promote his brand and earn extra money. As I have mentioned before a dozen times on this blog, teaching beginners how to trade is very lucrative. Sean can make $3,000 to $10,000 trading providing he has a good month while he can earn $40,000 – $60,000 per month selling products. It takes some people a year to make that kind of money! At least Sean isn’t too greedy and trying to squeeze every last penny from customers. For December he gave away a free month to current subscribers which was quite generous of him.

Strategy

Sean likes to trade stocks in the 0.25 cents to $25 range but mainly trades penny stocks as they are more predictable. His most successful strategy is buying low float breakouts based on press release news. He primarily focuses on trading psychology and technical analysis to gain an edge. Apparently, Dekmar claims to have a 73% win ratio which is excellent but I’ve seen no proof to back this up. Sean asserts the key to success is cutting losses short and letting your big gainers run. In theory, this sounds easy to follow but difficult to put into practice.

Positives

• Ideal for beginners who can avoid joining expensive chat rooms that offer limited education and just pump penny stocks.
• Free two-week trial to try out his service risk-free. Clearly, Dekmar is confident members will like his service and sign up for a monthly or annual membership.
• His marketing isn’t obnoxious like douchebag traders such as Cameron Fous, who advertises this fantasy trader lifestyle. “Learn to trade penny stocks and make profits travelling around the world”.

Second day in @DekmarTrades chat . Oh man i made soooo nice trades today and learned some things that i didn´t know bevore.
If the 14 day trial keeps so profitable i sign up for 6 Month. It is a nice combination to trade my set ups and take advantage of seans knowlege

— Marcel (MBP) (@Macell84) December 12, 2017

Negatives

• Currently, there are no testimonials on the website that can be verified. A quote from someone named Thomas Mihalyo isn’t sufficient who knows if this person is even real.
• There are not many reviews available probably because Dekmar’s affiliate program doesn’t offer big enough commissions to attract stock trading websites to post fake positive reviews to make money.
• No brokerage account statements released to verify trades and could be cherry picking his best trades to post on Twitter to attract new members.
• Dekmar heavily promotes Trades Ideas to earn extra affiliate commissions. It’s easy to trade without emotions if you have a second income to fall back on.
• He is relatively inexperienced in comparison to the top penny stock traders. I don’t think Sean has even made more than $100,000 trading.

Complaint from a former subscriber

Example of Watchlist he emails out to members on a daily basis.

“Happy Hump Day, today kicks off a brand new trading day and as always I am very excited to see what it brings. Right now we are back into a November like market of low float runners. This means focus highly on the low float stocks with zero to only a small gap up as these are the stocks that can bring in the big profit. 90% of stocks that we have seen have gap ups this week have not been able to hold its gains, $PTI was one of the only ones. What am I doing at the bell? I am watching the HOD momentum scanner, sitting back, and seeing what low float stocks appear that could lead to easy profits!

DekmarTrades Morning Watch List:
News:
$AMD (Baidu Deploys AMD EPYC Single Socket Platforms to Power its ‘ABC’ Datacenters)
$BOSC (B.O.S.’ Supply Chain Division enters into a Distribution Agreement with Hangzhou Hikvision Technology)
$CAPR (Capricor Therapeutics Announces Issuance of Key U.S. Patent on Exosome Technology)
$CHFS (CHF Solutions Signs International Distribution and Services Agreement with Singapore-based TRANSMEDIC Pte Ltd.)
$DPW (Digital Power Corporation Creates Cryptocurrency Mining Division)
$FNSR (Apple to invest $390 million in Finisar to ramp up chip production)
$MNGA (MagneGas Expands European Consulting Contract by 50% to $750,000)
$RSLS (ReShape Lifesciences Announces Stocking Order from Medical Supplier in Dubai)

Chart Setup:
Low Floats: 
3 Stars High Potential for a Breakout Tomorrow: 
$BURG*** $2.82 Break
$RBCN*** $8.50
$NSYS*** $4.25
$DFFN*** $1.50
$FTK*** $5

2 Stars Decent Potential for a Breakout:
$ELTK** $4.50 Break
$TSRI** $6.00
$FFHL** $2.82
$TCCO** $6.50
$IMRN** $5.50
$LBIX** $1.75
$QBAK** $7.50
$KEG** $11

Recap:
$TRPX
Open: $5.75
Buy Alert: $6.00
Sell Alert: $6.30
High of the Day: $7.12
1/2 on All Alerts Yesterday!

Picks Of The Day!:
Stocks To Watch:
Chart Setup:

Low Floats:
3 Stars High Potential for a Breakout Tomorrow:
$BURG*** $2.82 Break
$RBCN*** $8.50
$NSYS*** $4.25
$DFFN*** $1.50
$FTK*** $5

2 Stars Decent Potential for a Breakout:
$ELTK** $4.50 Break.
$TSRI** $6.00
$FFHL** $2.82
$TCCO** $6.50
$IMRN** $5.50
$LBIX** $1.75
$QBAK** $7.50
$KEG** $11

OTC Stocks To Watch:

Symbol	Company Name	Volume	Price	High	Low	Open	Change
BTSC	Bitcoin Services Inc	64,251,029	0.389	0.429	0.3385	0.3386	0.075 / 23.69%
BTCS	BTCS Inc	60,425,351	0.1419	0.165	0.1375	0.145	0.006 / 4.57%
HEMP	Hemp Inc	59,810,660	0.0243	0.026	0.0235	0.0237	0.001 / 4.74%
ANDD	ANR Inc Contingent Rev Pmt	37,830,620	0.0101	0.0134	0.01	0.0101	0
GOHE	Global Payout Inc	24,832,183	0.1052	0.13	0.095	0.1005	0.018 / 20.64%
GAHC	Global Arena Holding Inc	24,391,846	0.0264	0.028	0.022	0.0275	0.001 / 3.94%
TRTC	Terra Tech Corp	21,224,979	0.274	0.299	0.261	0.2848	-0.004 /-1.44%
NXGH	Next Group Holdings Inc	18,494,502	0.05	0.079	0.0312	0.078	-0.015 /-23.08%
SWRM	AppSwarm Inc	16,708,681	0.0858	0.0979	0.062	0.066	0.025 / 41.82%
CBIS	Cannabis Science Inc	16,704,456	0.0502	0.055	0.0482	0.0511	0

Stocks Being Promoted: Pump and Dumps
$WCVC

Top 10 Hottest Stocks:

Symbol	Company Name	Volume	Price	High	Low	Open	Change
DXTR	Dextera Surgical Inc.	16,658,719	0.089	0.099	0.081	0.0903	-0.048 /-35.04%
DCTH	Delcath Sys Inc – Ordinary Shares	11,354,358	0.058	0.0672	0.0461	0.052	0.005 / 9.43%
RPRX	Repros Therapeutics Inc.	10,870,915	0.6648	0.68	0.66	0.66	0.195 / 41.45%
ZNGA	Zynga Inc.	10,866,767	3.98	4.045	3.9	3.92	0.050 / 1.27%
TOPS	TOP Ships Inc.	9,627,791	0.3595	0.37	0.3501	0.369	-0.028 /-7.11%
GLBR	Global Brokerage Inc.	8,171,009	0.71	0.87	0.41	0.5175	0.190 / 36.54%
SGYP	Synergy Pharmaceuticals Inc.	7,618,283	1.91	1.97	1.85	1.94	0.030 / 1.60%
INPX	Inpixon	5,356,519	0.34	0.378	0.3385	0.36	-0.075 /-18.09%
NVAX	Novavax Inc.	4,610,485	1.31	1.4	1.31	1.39	-0.070 /-5.07%
ODP	Office Depot Inc.	4,469,415	3.28	3.42	3.26	3.41	-0.100 /-2.96%

Final Thoughts

It’s difficult to tell if Dekmar Trades is a legit trader so I’ve signed up for the free trial to test out his chat room. Personally, I would rather learn from someone who has more experience and verified profits.

Cameron Fous is a 35-year-old, stock trader and founder of the Fous4 trading system. He initially got interested in penny stocks while majoring in finance at Oregon State University. In 2005 Fous made the brave decision to drop out of college and transition into trading full-time. In 2006 he launched thetechnicaltrader.net, a free stock alert service, and blog that attempted to teach people how to day trade small cap stocks. After a year of offering free alerts to members, Cameron decided it was time to charge for his service, how else was he going to pay off his student loans? In his first month selling stock picks to suckers, he banked an astounding $30,000. Just like Jason Bond, he realized early on it’s incredibly lucrative to make selling products vs. trading full-time. Why bother making only $5,000 per month when you can earn nearly ten times that as a “day trading mentor.”

It’s more accurate to call him an entrepreneur instead of a trader because teaching is how he has accumulated about 70% of his wealth. After nearly a decade of selling DVD’s and online courses, I’d estimate his net worth in 2019 to be $2 million. After allegedly profiting $400,000 in two years, Tim Sykes persuaded him to join Profit.ly as a “guru.” Timothy Sykes heavily promoted him on his blog as the master of buying breakouts. Their business relationship quickly turned sour and left Profit.ly to take back full control of his business. More than likely he wasn’t happy giving Sykes 20-30% of his sales. Once he left the platform, Sykes was pissed! He promoted Fous to his subscribers and helped build his brand. There were rumors Tim kicked him off Profit.ly for hiding trades and basically coping his website. Since then they have ‘buried the hatchet’ and moved on.

Strategy

The Fous4 strategy mainly involves technical analysis with a strong focus on reading chart patterns. Cameron looks for ideal setups and waits patiently for all the parameters to align before placing a trade. With the help of stock screeners, Cameron can filter through thousands of stocks to find penny stocks that meet his criteria. FousAlerts has two training courses to teach you his complete strategies from A-Z. The first course “Fous4”, teaches his core swing trading strategies with limited day trading. He follows four breakout chart patterns he named as; force, revival, survival and gold. In addition, he teaches the fundamentals of risk management, trading psychology accompanied with trade examples. Fous4x2 supposedly covers more advanced strategies for day traders and short sellers. His DVDs are great for beginners to learn the basics of risk management, candlestick analysis, and market psychology. 

Surprisingly Cameron is still a profitable trader despite a win ratio only being 52%. He obviously posses strong risk management skills and his winning percentage is well below the top small cap traders. Cutting your losses short and letting your winners run is the key to success with day trading. Retail traders struggle with discipline, holding onto losing positions or taking profits too early. Newbie’s find it difficult to accept losing is part of the game. Over the past year, Cameron has added shorting to his game as well.

Pro’s

• The chatroom has experienced moderators such as Robert Millar and Michael Spinosa. In the chat room, Fous alerts his trades live to members so they can follow in real-time. 
• Elite members allowed to watch him trade live on FousTV.
• Great for beginners to learn the foundations of stock trading. 
• Seems like a cool guy with a great personality, so it makes it easier to learn. So many financial educators are boring and have zero personality. 
• Massive video lesson library containing hundreds of videos and hosts weekly webinars.
• Frequently offers discounts and free trials to new customers to try out his service. 
• His alerts aren’t biased, doesn’t scalp subscribers and has no connection with stock promoters.
• This guy is clearly winning at life, check out his Instagram account. If that doesn’t inspire you to work harder, nothing will! Maybe you too can make millions teaching others and party on a rented yacht with models. 

Con’s

• His online marketing strategy is obnoxious but clever. He advertises this fantasy digital nomad lifestyle that everyone wants. The average guy is working the 9 to 5 grind while he’s traveling the world making $5,000 sitting by the pool. No doubt is travel vlogging has helped build his brand and attract new customers. 
• Appears to be more of a salesman rather than a trader nowadays. He’s more interested in selling subscriptions to fund his lavish lifestyle. He even hires photographers to take pictures of him and girlfriend Sandra to post on Instagram.
• His marketing copy is misleading and too aggressive. “See how you can make up to $10,000 in one day following my strategy.” Members join with unrealistic expectations. They expect to make thousands by just copying his alerts. Once they sign up, they realize it’s not as easy advertised. 
• Some of the reviews on Investimonials appear to be fake. This is a common tactic employed by newsletter owners. If you look at reviews for trading gurus, a lot of them are overly positive. It would be easy to create dozens of fake accounts with different IP’s and write five-star reviews to gain more attention. Also, some guru’s give away freebies to entice members to leave positive reviews. 
• Since leaving Profit.ly he has discontinued supporting their website and trade verification system. There is no evidence to prove he’s a profitable trader.

Conclusion

Cameron Fous is a talented social media marketer that is earning a fortune selling products online. While it would be harsh to call him a scam, he does help beginners develop a good understanding of the fundamentals. He needs to become more transparent and verify his trading performance to enhance his credibility. Nothing he teaches is revolutionary and most of the information can be found on the internet for free . Both of his DVDs are quite pricey costing $497 each. They can be purchased on eBay for one-fifth of the price.

Jason Bond was a former public school teacher in New York City for the past ten years. Five years ago he quit his miserable, low-paying job to set up his newsletter and become a full-time penny stock trader. He specializes in swing trading small caps, holding them for days or a few weeks at a time. Jason looks for gains of 5-20% for each trade with an average position size of $40,000-$70,000. He allegedly has made nearly a million dollars without even setting foot on Wall Street and has an estimated net worth of $5 million as of 2017. It’s clear Jason makes the vast bulk of his fortune from teaching people how to trade, exactly like Timothy Sykes. If you have the experience and knowledge, owning a newsletter can be hugely profitable. The problem is too many young, inexperienced traders are setting up their own educational businesses despite having no track record.

Jason’s website is very promotional, if you can avoid the pop-ups there is some useful content in his blog posts. On the sidebar of his homepage, he reveals his most recent big winners, under the heading “Recent Results”, $6,100 on China Gerui (CHOP), $7,510 on PlasmaTech Bio (PTBI), $7,770 on Novogen (NVGN), $5,850 on Gevo (GEVO). Jason mainly only shows winning trades and should show more losing trades, so future subscribers have realistic expectations when joining. Nowadays, beginners are super lazy, they don’t want to learn to trade for themselves because it takes too much effort. They would rather just copy trading alerts and bank easy money. This is what current subscribers do, anytime Jason sends out a stock pick that stock moves five to twenty percent in less than an hour. If you’re quick enough, you can make money buying or short selling his alerts due to the number of newbies copying his trades.

On Investimonials.com the reviews on his page are overly positive with users giving 5 stars overall for accuracy, frequency and value. These are more than likely biased reviews from members who were given a free trial to leave a positive review. This is a common tactic utilized by newsletter owners because managing their online reputation is key to selling more subscriptions. It’s difficult to find an honest review of his service as affiliates promoting him receive hefty commissions for referring new members. On a YouTube video a guy claims to have made “$15,090 in 22 days” from following his alerts, it seems like bullshit to me and then tells users to click the link below in the description.

Complaints

Negative reviews are mainly from members who signed up with unrealistic expectations, expecting to make $1,000’s every week trading penny stocks with very little effort. Jason would receive fewer complaints if he changed his advertising. Tradingschools.org gave him a bad review (like they do with every chat-room unless they pay) rating him 1 out of 5 overall even though the guy never been a member. That website is owned by ex-convict Emmett Moore who has an extremely shady past.

 

Chat room

The chat room is run by head moderators Matt Galpin and Luke Murray who focus on day/swing trading penny stocks. The primary purpose of the chat room to communicate hot stocks in play, their charts, catalysts & the best entries and exits. The alerts move fast so it’s advised not to scalp them unless you can get in and out quickly. The chatroom offers ten to twenty intraday alerts throughout the day on small caps with a profit goal of $200. The chat is well moderated but beware of pumpers.

Millionaire Roadmap

Millionaire Roadmap is Jason Bond Picks premium mentorship program for students willing to spend a staggering $8,000. Jason currently has two millionaire students, Kyle Dennis and Petra Hess who host webinars for mastermind members. Both have gone on to create their own services – Biotech Breakouts and Petra Picks respectively. Kyle Dennis was the first huge success story as he turned $15,000 into 1,000,000 by applying Jason’s swing trading strategy to biotech’s. Also, MMA fighter Frank Mir is a Millionaire Roadmap student. Hopefully, penny stock investing goes better for him than his stint in the UFC.

Millionaire Roadmap Benefits:

• Direct access to his team of mentors with different strategies these include; Petra Hass (blue chips), Bart Van (day trading), Jeff Bishop (options) and Alan Marshall (small caps). Apparently, these are all self-made millionaire traders. Jeff Bishop was actually Jason’s first mentor.
• Jason live streams from his Etrade and TD Ameritrade brokerage accounts.
• Daily watch lists and video recaps.
• Video lesson library is great for beginners.
• Access to all of Jason’s DVD’s.
• Question and answer sessions for private members.
• Free mastermind meetups at locations such as Las Vegas, Miami and Boston.
• Swing and day alerts right to your email or smartphone.

Despite all the benefits I don’t recommend splashing eight grand on education and customers would be better off sticking to the lower priced courses. As well, each mentor teaches a different strategy so its better to pick one trading style and stick with that.

Ties to Stock Promotion

In the past, he had a business relationship with BlueWave Advisors Group, a well-known penny stock promoter. His newsletter picks are unbiased but does send out free emails for which Jason is sometimes compensated. Promoting stocks might be unethical but it is still legal as long as the disclaimers reveal everything. If you’re stupid enough to buy a pump and dump then it’s your fault.

Jason runs a blog which contains details of all of his trading activity and which penny stocks are on his watch list. Sometimes he will provide visitors with trading ideas to give them a sample of what it would be like to join his service. If you subscribe to his list he emails out offers free coupons/trials.

E.g. of an email sent out to free subscribers

“Good morning.

Made +$13,000 Friday on SFXE, GEVO and VLTC.

Video lesson coming today on how I made +13% +$5,000 on VLTC Friday in 1 hour.

Here’s the swing scan.

DSKX – Using trendline support at the pivot for entry and stop loss, range to $3.50 looks good with the MACD making a bullish move toward the signal line suggesting continuation is gaining momentum.

USAT – The uptrend on USA has been consistent in 2015 and there’s nothing to suggest this $3.50 breakout won’t work. Upside range is to $4 with $3.26 acting as the stop loss here.

SGNL – Strong news at the end of June hasn’t amounted to much since. Now that shares have retraced to the $1.50′s I think it’s time to give this a shot for continuation to $2. Might be a boring trade but risk/reward is good.

Remember, the market is off over 100 points Monday morning, sniper swing trading is in effect right now meaning no more than 1 – 3 open swings in the portfolio at any time and mostly cash waiting for the right time to load the pullback”.

Profitly 

Apparently, Jason was kicked off Profit.ly by Timothy Sykes because he was deleting trades and lost substantial amounts on two trades which he attempted to hide. This is just a rumour; Tim Sykes has never 100% confirmed what really happened. More than likely he fell out with Tim Sykes because Profitly wanted a 30% cut from his subscription sales. Jason probably moved back to his own website because he has the potential to keep more the money he makes. 

Is he a scam? No, just because he monetizes his knowledge of day trading it doesn’t make him a fraud although he should lower his prices. All the top stock newsletters charge premium prices such as Warrior Trading, Investors Underground, Top Stock Tips and Penny Pro.

If you join his service, I advise you to watch the training videos and attend weekly webinars, then paper trade for two months. This will show you if swing trading is a suitable trading strategy for you. Jason Bond is a solid mentor, but his trading service is overpriced so search for free trials and coupons to receive a discount. Join his membership site for the education not just to copy alerts. When he alerts his stock picks, they move fast, which means your entry price will be higher causing you to potentially lose money. Subscribers should start with at least of least $5,000 because broker fees do add up over time. I have noticed that his newsletters have a high retention rate, which underlines the value others find in his service. 

Upon first glance, you might think that ClayTrader is the name of an industry magazine targeted at pottery class instructors. This type of clay, however, is a person – a stock market trader who teaches beginners how to trade stocks using technical analysis and charts. ClayTrader is a day trading education site, founded by a guy named Clay who doesn’t reveal his full name (oh how mysterious). Clay seems like a genuine, down to earth kind of guy, that is the polar opposite to typical traders on Wall Street. He got interested in the stock market while studying for his engineering degree. He gained a strong following online, not through Twitter or Facebook but InvestorsHub. InvestorsHub is a well-known stomping ground for penny stock pumpers. Once he built up a solid following the next logical step was to launch his own website purely to profit from his knowledge of financial markets.

Paid subscribers gain access to his video tutorials, podcasts and other resources all geared toward a general principle of trading without stress or emotion. ClayTrader.com boasts a pretty large community of like-minded traders, including chat rooms and forums. Clay sends subscribers a weekly newsletter, and holds free webinars – like “How to Kill Your Stress, Fear and Frustration as a Trader.” Similarly to Cameron Fous, his free webinars are used as a platform to up-sell people to various courses and memberships. Right now he has about ten different courses, all targeted towards new traders, teaching a wide range of topics including Forex, options trading and penny stocks. His educational business is booming at the moment and his net worth is estimated to be $2 million. Why bother day trading stocks while you can make a fortune through selling expensive courses online.

Clay doesn’t make mention of any credentials or education that qualifies him to be doling out day trading advice – but at least he is upfront and honest about that. He presents himself as a ‘normal’ type of guy who, after getting clobbered in the market during the dot.com bubble and claims to have developed a successful day trading system. His marketing strategy is quite clever, by portraying himself as just this normal, family guy, he appeals to a larger audience. This a strong contrast to the legendary marketing tactics of everyone’s favourite penny stock trader, Tim Sykes.

Clay doesn’t claim to be a successful trader and doesn’t provide any proof of his trading performance – or indicate whether or not he’s even trading these days. He interacts with users daily but isn’t openly tracking his portfolio performance like some rival chat rooms sites do. He doesn’t do any live trading, which hurts his credibility. While his website can be a useful learning resource for beginners, more experienced traders will learn very little from his service.

Products & Services

Let’s start with the free stuff. Without needing to pay anything, you get access to his Youtube video tutorials (focusing on the basics) that are featured on his blog. You get a list of resources that Clay recommends, like stock chart providers, the best stock brokers, stock scanners, books – the usual list of resources that every “guru” offers to their subscribers. Users can also buy individual, structured courses with a series of videos that train you a wide range of topics. These one-time purchases run between $59 and $397.

The Inner Circle

The standard subscription service is the “Inner Circle,” and it costs $99 for a full year. By joining the Inner Circle, traders get access to a live trading chat room, Clay’s personal scans and watch lists through the private newsletter, and networking via the premium message board forums. He doesn’t send out any live alerts to subscribers but does actively moderate the chat room.

ClayTrader University

Users with a fat wallet can also opt to sign up for ClayTrader University – the site’s most expensive and comprehensive option. For either six monthly payments of $377 or a one-time payment of $1997, members get lifetime access to live chat-rooms and its weekly newsletter. University subscribers immediately get access to download all the training programs that Clay offers, which costs a staggering $2,600 if purchased individually. Lastly, those who shell out the cash for this option get to join Clay for live interactive webinars – which he describes as “learning sessions.”

Signing up for any of these packages is a significant investment, so it’s important to know what you’re getting yourself into. ClayTrader is an attractive-looking educational resource, but it also has its drawbacks – especially compared to other guru’s who make their trading performance visible to their students.

Robotic Trading

Robotic trading is another premium course that will set you back $297. Robotic trading is all about learning how to use technical analysis and charts to eliminate your emotions so that you can trade like a robot. Maybe Clay is a robot; he’s just reading off powerpoint slides with a monotone voice that makes it tedious to follow, well I suppose he is talking about technical analysis which isn’t very sexy. Provides a solid basis for newbies but all the information could be found for free on the internet.

Mastering Level 2

A surprising amount of traders do not use level 2 to gain an advantage over their competition. Level 2 provides a great insight into a stock’s price action to help determine the best time to enter and exit a trade. Probably one of Clay’s better courses.

The Penny Stock Survival Guide

Even though Clay doesn’t even trade penny stocks, he decided to create this guide. One of his worst programs, very basic information provided as he has limited experience on this subject. If you really want to profit from penny stocks, it’s better to learn from experts such as Tim Sykes, Tim Grittani, and Nate Michaud.

Options Trading Simplified & Trading Forex for Beginners

As the titles suggest, both courses are marketed towards beginners. Once again very basic information provided, he has no business teaching others about the Forex or options trading.

Risk vs Reward Trading

Risk vs reward trading is mainly for those who have full-time day jobs and don’t have the time to follow the market. Risk management is a core concept thought in all of his courses, but this product goes into more detail.

Shorting for Profit

Discover how to make money when the price of stocks go down. Shorting for profit covers five short selling strategies with each one given their own fancy name, e.g. “Dream Crusher Short Strategy.” Short selling is a risky strategy that could result in you owing more money than you have in your brokerage account.

Trampoline Trading

Trampoline Trading is a more advanced program for those who have a solid understanding of technical analysis. It focuses purely on bounce plays. You will learn how to find these setups, what signals to look for and how to manage your risk.

Is ClayTrader a Scam?

I think it’s harsh to call ClayTrader a scam artist as he does offer some value to beginner traders, he teaches the foundations of stock trading nothing more. It’s clear his main focus is to make as much money as possible by selling overpriced educational material, so his family can live a better life. I think Clay should reduce prices and get rid of the crappy courses that teach Forex, penny stocks and options.

ClayTrader vs Timothy Sykes

While both traders have earned millions from selling online subscriptions, their personalities differ significantly. Sykes is more brash and outspoken while Clay seems more humble and less attention seeking. Despite Tim Sykes douche-bag attitude, he isn’t afraid to publicly show his track record and openly shows his winning and losing trades. Sykes has banked nearly $4.7 million from short selling penny stocks while ClayTrader provides no track record or proof he’s a profitable trader. Sykes doesn’t even see him as competition and would never allow him to join Profitly as a guru unless he reveals his performance history.

@ForeignWolf @ClayTrader25 fake traders/poor newbies like Clay aren’t competition, they shouldnt be teaching, u’re welcome for reality check

— Timothy Sykes (@timothysykes) August 25, 2014

Benefits:

• Networking: By joining the Inner Circle, you suddenly join a community of like-minded day traders that have varying levels of experience – where you can trade knowledge and gain some insight. Apart from stock-specific chat rooms (like “Under $1” and “Over $1”), there is also a “Traders Lounge” where after-hours networking takes place. Clay actively participates in these chat rooms.
• The Fundamentals: ClayTrader.com is tailored to beginner and intermediate traders. Clay helps users explore the basics in an easy-to-understand way. There are countless hours of videos that can help a total newbie take the first step. The blog section is also useful if reading is your preferred way to learn.
• Clay: The guy behind the site is actually pretty accessible, and he’s a likeable guy. The way he explains things is very clear and easy to watch – and he presents a pretty clear vision.
• Transparency: ClayTrader is very clear about its offerings up front, and the prices are front and centre – there are no predatory selling happening here. You know what you get as a buyer, and Clay doesn’t do any constant upselling of additional services or features.
• Discounts: Coupon codes are given to people who sign up for any of the courses; you save 10% on other products you purchase. It’s a pity no free trials are offered to entice new members to test out the service.

Drawbacks:

• No Performance History: Not only is there no performance history of the alerts ClayTrader sends out, but he also doesn’t show his subscribers his personal trading performance. We are meant to believe that Clay – after taking a massive financial hit in the past – he was able to bounce back and create a winning, emotion-free trading strategy. He doesn’t, however, offer up any proof – or show us real-time trading. Case studies or analyzing charts in hindsight offers little value to subscribers. It’s not clear if he’s even trading currently, or just making his money by operating the site.
• Price: While the Inner Circle subscription is reasonable at $99 per year, the other options seem kind of inflated. It appears as though Clay expects a lot from beginner day traders when it comes to their purse strings. What rookie trader has an extra $2000 lying around?
• Refund Policy: ClayTrader.com has a very strict refund policy and in most cases, you won’t receive a refund if you’re unhappy with your purchase. The Inner Circle membership is set to auto-renew every year so members can easily forget to cancel and end up getting charged $99 to their credit card. Also to receive a refund on certain products, you will have to jump through hoops and show proof of your effort.
• Testimonials: The majority of testimonials are just screenshots of emails, anybody is able to send themselves an email from a fake account. It would be better if there were video testimonials or interviews with successful students who have benefited from his teachings.
• Negative reviews: It’s normal for stock market educational sites to receive bad reviews and complaints but this review in particular on Reddit is epic. That poster on Reddit goes on a massive rant that is hilarious and tries to expose his service, claiming he is a rip-off.