We're firm believers that the sky's the limit when it comes to trading, provided you have the right knowledge and guidance! Our superstar team has a rich history of success in various market landscapes, and guess what? We're super passionate about passing that wisdom on to you, so you too can soar high with your trading aspirations.
Has been trading stocks since 2016. He loved the idea of trading from the first time he ever heard you could do it full-time. After he graduated college with a degree in Finance,
He knew the traditional 9-5 was not going to be for him. He wanted financial freedom and the ability to get paid for the value of his work, not the amount of time he was working. Trading was the only option he could think of that made it a reality. He spent 10 months studying and losing before he became consistently profitable.
He is a long biased trader who started out in the OTC market primarily and has adapted his strategies to listed stocks over the years. He is the king of keeping it simple. That’s why he so many successful students and friends. What he teaches isn’t complicated and can be mastered and reengineered to fit the individual at hand.
His goal is for aspiring traders to learn from his mistakes and experiences, so that they can shorten their learning curve and reach their goals as quickly as possible.
turned $25,000 into $1.3 million in less than 7 years trading penny stocks using statistical pattern day trading and risk management strategies.
Michael got his start by joining the Tim Sykes challenge and connecting with other successful traders to share ideas and develop a consistent approach toward stock trading. After consistent profitability, Michael became one of the cofounders of Clover Trading to connect with other stock traders and provide a place for discussion and education about their favorite subject: Stock Trading!
Michael has spoken to hundreds of stock traders at conferences across the country, inspiring others to follow their dreams and live a life of financial literacy and freedom.
Now with millions of dollars made through trading, Michael now travels around the world as a stock trader sharing his expertise in stock market statistics, stock trading psychology and stock trading risk management.
Michael continues to help stock traders develop their skills to realize consistent profitability.
found himself a sophomore in college not sure what to do with the rest of his life. He came across penny/small cap stocks online and immediately jumped into trading.
After losing 70% of his $6,000 trading account over the first year he finally found his main edge in shorting stocks. He refunded his account and got to work. Over the next 6 years he has turned that money into over $3.6 million in trading profits. Along with his passion for trading, Kyle has grown a passion for teaching in helping beginning traders get started.
If you do not agree with any term or provision of our Terms and Conditions, you should not use our Site, Services, Content, or Information. Please be advised that your continued use of the Site, Services, Content, or Information provided shall indicate your consent and agreement to our Terms and Conditions.
Black Clover Trading LLC may publish testimonials or descriptions of past performance, but these results are NOT typical, are not indicative of future results or performance, and are not intended to be a representation, warranty, or guarantee that similar results will be obtained by you.
The experience of Black Clover Trading LLC with trading is not typical, nor is the experience of traders featured in testimonials. They are experienced traders. Becoming an experienced trader takes hard work, dedication, and a significant amount of time.
Your results may differ materially from those expressed or utilized by Black Clover Trading LLC due to a number of factors. We do not track the typical results of our past or current customers. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
Available research data suggests that most day traders are NOT profitable.
In a research paper published in 2014 titled “Do Day Traders Rationally Learn About Their Ability?”, professors from the University of California studied 3.7 billion trades from the Taiwan Stock Exchange between 1992-2006 and found that only 9.81% of day trading volume was generated by predictably profitable traders and that these predictably profitable traders constitute less than 3% of all day traders on an average day.
In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders” professors at the University of Oxford and the University College Dublin found that out of 1,146 brokerage accounts day trading the U.S. markets between March 8, 2000 and June 13, 2000, only 50% were profitable with an average net profit of $16,619.
In a 2003 article published in the Financial Analysts Journal titled “The Profitability of Day Traders”, professors at the University of Texas found that out of 334 brokerage accounts day trading the U.S. markets between February 1998 and October 1999, only 35% were profitable and only 14% generated profits in excess of $10,000.
The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders. At a minimum, these studies indicate that at least 50% of aspiring day traders will not be profitable. This reiterates that consistently making money trading stocks is not easy. Day Trading is a high-risk activity and can result in the loss of your entire investment. Any trade or investment is at your own risk.
Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal, or investment advice. A referral to a stock or commodity is not an indication to buy or sell that stock or commodity.
This does not represent our full Disclaimer. Please read our complete disclaimer.
Citations for Disclaimer
Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. (2014). Do Day Traders Rationally Learn About Their Ability?. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636
Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. Journal of Applied Finance , Vol. 15, No. 2, Fall/Winter 2005. Available at SSRN: https://ssrn.com/abstract=908615
Douglas J. Jordan & J. David Diltz (2003) The Profitability of Day Traders, Financial Analysts Journal, 59:6, 85-94, DOI: https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578
