My issue with Day Trading Guru's
Lately I'm seeing a mountain of ads for trading courses on how you can make 1% daily day trading with a magic system for $500 - $1,000.
If you started with only $10,000 and did that working 250 days a year, after 7 years you would have a net wealth 2x higher than Jeff Bezos before taxes are considered.
If the best investors in the world have returned 15 - 20% per annum, why would you expect to be able to do that in less than a month??
Why on earth would someone sell you something that in 7 years would make them the richest person on the planet for $1,000.
Most of these gurus are not in the investing or trading business but in the selling courses business.
The easiest way to consistently make $1,000 every day from the stock market is to build a course telling people how they can make $1,000 a day trading stocks.
If it sounds too good to be true, it almost certainly is.
There are some amazing financial management courses available but they focus more on portfolio management and risk management than using a 50 day/ 200 day moving average crossover to make millions