Tony Ivanov is an entrepreneur and day trader from Sacramento, California. Like everyone else, I first discovered Ivanov on YouTube. An intelligent kid who looks about 16 but is 23 years old. He uploads videos educating people on how to make money trading penny stocks and cryptocurrencies.
His target market is primarily younger inexperienced traders, looking to trade during their spare time. Although I respect Ivanov’s hustle, I don’t believe he’s fully qualified to mentor others about stock trading. Thousands of people watching his videos, meaning there’s a big chance a subscriber could blow up their account following his advice.
Ivanov’s YouTube channel has grown significantly to 63,500 subscribers over the past three years due to the crypto mania. Thousands of teens hungry for stock picks and advice on how to day trade risky stocks.
I would estimate his net worth to be $250,000, if the growth of his YouTube channel continues, it won’t be long until he’s worth $500,000. Aside from trading, he’s probably making around $10,000 per month from his educational business and through affiliate marketing. On YouTube he promotes stock scanners such as Trade Ideas, they payout hefty affiliate commissions for referring members.
Penny Stock Mastery
Despite his lack of experience, Ivanov released a trading course on the Teachable platform. The course is no longer available but at time cost a staggering $597 or two monthly payments of $397. From browsing through the course outline, it looked similar to the video lessons that Ricky Gutierrez shared for free on YouTube. Penny Stock Mastery covered basic stock market terms, explained how to get started trading, technical analysis and two chart patterns + strategies he used to make consistent profits.
It’s insane how someone who only traded for a few years was expecting people to spend that kind of money. According to his old Profit.ly page before it was deleted, Tony made profits of $5,759.44 out of 99 trades with a 63.64% win ratio. The guy was still learning how to trade a few months before launching an educational course.
Tony currently runs a day trading chat room at tradebuddy.net. For $97 per month – you get daily stock watchlists, pre-market/trade recaps webinars and access to his trading strategies. Most likely, members join to copy his trades which won’t be successful because penny stocks are too volatile. Overall it’s a standard chat room service, nothing special but beginners might find it helpful. The quarterly plan is $237 and annual subscription is $948 – over $1100 after VAT.
Tony also runs a Private Trading Academy that claims to show your “how to start and scale you day trading career”. The academy has 500+ members and will cost $1497 to join, this is apparently a one-time special time. The sales page does need some work and looks average compared to sales pages used by trading gurus. In addition, it’s also challenging to find honest reviews online of TradeBuddy. Out of the 19 reviews on TrustPilot, all of them are five stars which seems slightly unrealistic.
There’s nothing wrong with monetizing your knowledge but charging suckers these types of prices is crazy. In reality, the training is only useful for new traders and worth a fraction of the price. Those with intermediate knowledge would be best served finding a different mentor.
All these youngsters see teaching as an easy way to make money with little effort. They all probably sign up for Timothy Sykes’ courses, copy video lessons and teach similar chart patterns, etc. Sykes makes millions every year from mentoring students but has a decade of experience and $6.2 million in verified profits.
Find a mentor with a reliable track record and has made at least $500,000 actually trading. Mentors such as Steven Dux, Tim Sykes, Tim Grittani and Investors Underground are all good choices.