DISCLAIMER
I’ve been trading stocks and showing people how I do it for years. And I never planned to go public with any of this. No one wants to attack their own industry. No trader wants to “bite the hand that feeds them.” But this stuff is wrecking people’s lives. Good people’s lives. And it’s time you heard the truth from someone on the inside.
Everything you hear from stock trading gurus *including me* is completely wrong…
It's just… completely wrong. And if you keep listening to these guys thinking this is your key to success - you’re going to stay very broke or you’re going to stay very stuck.
Here's why...
Unlike other guys online I'm going to get straight to the point and it’s going to take about 9 minutes to wrap up this point. And if you can't sit down and read this for 9 minutes this is exactly why you're going to fail at everything you do - especially trading stocks.
You need to understand that what you hear from every trade genius (I'm talking every webinar, video, or blog) and certainly every stock newsletter, course seller,or watchlist you could possibly get your hands on is wrong…
*Until you address the ONE reason 95% of stock traders FAIL*
95% of people fail at trading stocks, BUT not because it’s fundamentally hard.
It's just… not. Making $300 - $400 to $1,000+ a day is simple. That’s more than most people in the world make a day, even most Americans. I mean, since I got into the game just before the Covid crisis, I’ve made millions.
And I only trade in the mornings.
That's the very definition of “not hard”...
BUT YOU KNOW WHAT IS HARD?
College for four years. Working 40 hours a week & still only making $34k a year. Drowning in debt with no plan to escape.
So why do most people fail at trading?
Is it because people don’t know the right “tactics?”
No.
Because if you look at any trading video… any tactic, or method someone is teaching… a lot of them work. There are thousands of people making full-time incomes with stocks.
In good economies, bad economies, election years…
It doesn't matter.
BECAUSE MANY OF THE "TACTICS" YOU FIND ONLINE (INCLUDING MINE) WORK...
So is it because of some magic webinar we’re holding or some trading guru who talks really smoothly and has a lot of likes on Facebook and Instagram... is it because he has some secret tactic & he’s keeping it all to himself?
NO.
Those tactics are all over the place. You can find most tactics online for FREE even.
Those tactics are all over the place. You can find most tactics online for FREE even.
So it doesn’t come down to tactics (everybody has the same tactics). What’s keeping you from being successful or making money in stocks isn’t a magic tactic.
It’s something much simpler than that...
Because there’s ONE THING at the core of this mess, and I’m done pretending that it’s not a problem.
HERE'S WHAT WE KNOW:
- Most people aren't getting results with stocks
(it’s not just you) - We’re in the middle of a “market correction,” and
it’s going to sink a LOT of traders that have built
their trading strategy on the wrong foundation.
AS FEATURED IN
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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