Stocks & Options: Trading Education is a Scam‏


– A guy that looks like he’s
homeless talking about scams. This should be good. You may be thinking wait a second, you’re calling education
and trading a scam? Don’t you sell educational courses? Yes I do. But I wanna be straightforward about this. Sure from a business standpoint, from a marketing standpoint, this probably isn’t the
best video for me to do. But I just wanna keep it real and just shoot straight with ya so you have a realistic viewpoint of how education and training really should be viewed and fit together. So starting off here this circle represents
a consistent trader. Somebody that can
consistently bring in gains over the long term. Not I made a few good trades here or a few good trader over there. This is somebody that is consistent. This doesn’t necessarily
mean they do it full-time. Maybe they have a full-time job but they keep bringing in
consistent supplemental income. Whatever that situation is this represents the
consistent successful trader. And what most education does is say hey buy my system buy my strategy, let me teach you and
you get the full circle. I will make you consistent, I will make you successful. I will do everything for you so that you are this whole circle. But that’s not how education works. And like I said, I do sell courses. I do sell training. But I’m sitting here telling you that if you buy one of my trainings, if you buy one of my courses. I am not gonna give you this whole circle. You will not be a
consistent long-term trader by buying my courses. Why is that the case? And why is education a scam when it’s presented in that light? Again, people marketing, I got a system for you. Let me teach you. I’m gonna make you the whole circle. Well education actually works like this within the context of this situation. Now this should be proportionate but it’s actually really
hard to draw the circle so bear with me. But these levels should be proportionate. These levels should be proportionate. This right here is the education. Education training is a huge, huge part of becoming a successful
trader in the long run. There’s no doubt about that it is a part. But you’ll notice we don’t have all the areas of the circle filled in. That’s because education
can only do so much. It is a large section, no doubt about that. But it’s only a section. There are other areas there. So let’s talk about some
of these other sections. First area is over here. And this is where we talk
about realistic expectations. What do I mean by that? Well if you think that if you buy somebody’s educational
programs or services, and that next week or next month you’re gonna be driving
around in fancy cars going on exotic vacations
living in a mansion, you don’t have realistic expectations. You’re never gonna become a full trader, because this little area here of not having realistic expectations is gonna corrupt all these other areas. Sure you may be going through education, maybe it’s decent education, maybe it’s worthwhile. But if because of that person
that sold you the course has all these illusions of grandeur, you’re not gonna have
realistic expectations. And when those expectations
don’t come true in the time frame that
you may want them to then that’s gonna start to just flow over into everything else and it’s gonna destroy the circle. You’re not gonna be able
to have long-term success because you never had
realistic expectations to start off with. And education isn’t gonna give you that in terms of what’s realistic. Now I try my best and that’s
the point of this video. You need to have realistic education, but if you think training is some sort of get rich overnight, get rich in a week, get-rich-in-a-month-type deal that’s not how it works. So you need to have realistic expectations as you go into the education. Next one we have over here. And this is belief and hard work. It’s amazing how many people get education or whatever and then say wow that’s a lot of stuff. You mean I have to go through all that? I have to paper trade? I have to develop strategies? I have to form plans? Yeah that’s how it works. Sorry but you don’t just sign up for a newsletter subscription and have somebody tell
you when to buy and sell and then make money. It’s not that easy. You gotta believe in yourself. And you gotta have hard work. If you’re not gonna believe in yourself, if you’re not gonna have hard work, then you’re not gonna be able to become an overall trader. Now you gotta work hard ’cause this is a big
section of the triangle, of the circle right. I guess back to kindergarten for me I don’t know my shapes. But big section here in
regards to the square. So yeah that is gonna
take a lot of hard work. But if you don’t have hard work and if you don’t have belief, you’re never gonna be able
to accomplish all that and you’re not gonna get
to where you wanna go. But again if you’re not
having realistic expectations, then your belief in hard work is gonna be thrown off ’cause you’re thinking wow you know I’ve been working hard. It’s been two week and
I’ve been working hard. Where’s my fancy house? Well you’re gonna set
yourself up for failure. Now something that assists here, and you know the age-old question Clay you know if you’re such a nice guy why don’t you just offer
education for free? You’re such a scumbag. Well down here you need
to have motivation. And I understand all
the marketing gimmicks of huge houses and all that stuff, fancy cars, beautiful women. For you ladies beautiful
men with six-pack abs. I understand maybe you know
that’s some sort of motivation. But in the real grand scheme of things. In the real kind of practical way, that’s why I charge money. Now of course that’s not the only reason. But when you pay for something you wanna get money out of it. Especially when you’re
a cheapskate like me. If you give somebody money that’s gonna trigger something
in the back of your mind that says you know what I paid for this, I wanna get my money’s worth. I’m gonna work hard. So this area is gonna help over here. You need motivation in
order to have belief and more so work hard. But again by charging money, by paying for something, and not necessarily me. If you pay for something else you understand how it works when you pay there’s something in your
mind that triggers and says okay I put some of my
hard-earned money here I need to get my money’s worth. So that’s one of the reasons why I charge ’cause you’re gonna be motivated. Sure you can look at all
the free stuff you ever want but you’re never gonna quite
take it seriously enough because there’s no really motivation. Yeah I’ll go through it now. I’ll come back a little later. Maybe next week I’ll
check something else out. Wait where was I? I guess I’ll just start over. There’s no structure to anything ’cause you don’t really
have any motivation it’s all free. And you don’t need to
get your money’s worth out of anything ’cause
you haven’t paid for it. So motivation is a key part to becoming a well-rounded trader because you know you’re
gonna need hard work. And then finally, and this I wanted to be the smallest part of the circle but personal risk tolerance. What do I mean by that? Personal risk tolerance. Well if you ever buy or if you come across a strategy that says I have a strategy where
you do this, this and that and you make money. Those are a joke. Why are those a joke? Because there is no set A B
C set way of doing things. We’re all different creatures of habit. We’re different creatures of risk. What may be risky for
you is not risky for me. You may love roller coasters, I’m scared to death of roller coasters, I don’t like that feeling. To me that’s way too risky. You may say hey let’s go jump out of an
airplane and go skydiving. No thanks I have no interest in that. We both have different
risk-tolerance levels. Same with trading. So if you go and buy
somebody’s educational system that’s gonna teach you this
holy grail of how to trade, well what happens if it doesn’t fit up with your personal risk tolerance? Maybe they have a perfect system but you have a hard time
following the rules in it. Have you ever thought why do I have such a hard
time following rules? It’s because you don’t
feel comfortable with it. There’s too much risk involved. And you’re getting way too antsy which is causing you to break those rules. So you need to figure out
your personal risk tolerance. And the reason I want it
to be so small up here is because sometimes it’s just as small as what happens if I tone
down my position size? Or make a little tweak here
or a little tweak there? Usually it’s not a glaringly obvious thing but it does play a factor within becoming a well-rounded trader. So again yes, education is a whole part of it. But education is definitely a scam when it’s presented in the way of hey buy this and you’re gonna
become an awesome trader. There’s a lot more to it there’s a lot more outside the education that still needs to factor in. And you are responsible for it. Me? I can’t give you belief or hard work. Sure I can charge you some money and make you want to
get your money’s worth, but outside of that
there’s nothing I can do. I don’t know what your
personal risk tolerance is. I’m trying to give you
realistic expectations but if you say ah Clay you don’t know
what you’re talking about then sorry I don’t know what
more I can do over here. So I’m trying to help out here. There that’s totally up to you. You gotta have the hard work, and you gotta have the motivation. So keep this all in mind don’t go buying some sort
of educational system educational strategy,
whatever you wanna call it. Or go to attend some seminar
or something like that, it’s not quite that easy. There’s more to education than just buy it and you’re gonna be successful. So keep that in mind going forward. If you found this video helpful I’d like for you to do a couple of things. If you’re watching this on my site, click one of the share buttons up above. If you’re watching this on YouTube click that like button. And regardless of where you’re watching it on my site or YouTube, leave comments below. I like to hear from people. And I will do my best
to interact with you. So do those few things and little clicks of the mouse like that go a long way. Thanks for watching. Remember keep this in mind now. And get out there work hard. Stay motivated, have
realistic expectations, and locate where that personal
risk tolerance level is, and that’s gonna help you get to the full well-rounded
trader of consistent success.

90 thoughts on “Stocks & Options: Trading Education is a Scam‏”

  1. very honest video clay. respect! But you do offer a lot of free education for the motivated ones keep it up! Thank you

  2. Then Where should one getting the education from, if they are scams. From you then this puts u in the same category.

  3. Realistic expectations!
    Get rich in the stock market after taking a course is NOT realistic.
    Well said Clay!  Keep up your good work!!

  4. @Ipro Dev I think you missed the point of the video. Education is a HUGE part of becoming a well rounded trader, but there are still aspects that are completely up to YOU as a trader.

  5. Ipro, did you watch the video or just look at the title and comment? The point of the video is that Education is the flashlight that illuminates the path for possible success. Any program guaranteeing you more is simply snake oil. Think about it… There are no guarantee's that a law degree equates to a 7 figure salary with a Maybach in the garage. Just like a marketing degree doesn't mean that you'll be the next Nike account executive representing Kobe Bryant. It takes continued effort, sacrifice, and dedication to break out of the square's of fundamental learning and apply it to the circle of consistent success…..at least this is what I took from the video.

  6. Clay, I would like to thank you for your honesty! I also have a question. Before trading, I would like to make sure I know what I am doing rather than just jumping into it with really no real knowledge of what exactly it is that i'm doing. Would your "options trading simplified" course help me, as a beginner, begin to really understand option trading?

  7. A good teacher makes a huge difference and from my research in the past three weeks I decided you are one. Also a good teacher doesn't need to be a great at the profession they are teaching. Thank you for your hard work.

  8. Can you show independenty verified track record of your own trading? If you can't then all the rest is usual BS a heard hundreds of times.

  9. Thank you so much for emphasizing the truth and reality with regards to trading. Unfortunately this is the hard part that people have to digest 🙂 there is no easy button when it comes to market volatility. This discourse was exhilarating.

  10. I just laughed when you spelled realistic wrong. I do that too when I'm focus too much on what I'm talking about and not so much on what I'm writing. Overall great video with quality insight.

  11. i know. everything is a scam expect for the one you give . you know thats the one the one you clam also to pay for.
    just like the others who are more convining.

    good adive.
    this you should not haf to pay for.
    as if they want you to pay for it.
    the chances are. they dont make any real money hence why they would want you to pay for it.
    dont fall for it.

  12. thanks for the video claytrader….. the main thing in market is the psychology of the trader u have covered it all thanks for being honest in your profession

  13. You must believe in god, most of these principals you are teaching are so foundationally solid and honest. Your the man!

  14. I like your reversed psychology tactic that you are using, it's working great. However I think your trading lessons are sound and valid, therefore I won't mind the selling scheme.

  15. excellent circle of success for trader, that part of risk tolerance difference between oneself and the strategy trading teacher has to be very similar. Hope to see more Options trading video, through this channel I have evolved from pennystock danger to option small-but-often trades without the PDT rule ! thanks clay !

  16. Hey Clay greats vids. I'm currently going through your entire playlist right now and its really helping solidify my foundation. I'm in the middle of changing from an investing strategy to an trading one and I was just curious how did you learn the majority of things you know about trading and did you have any mentors?

  17. great videos! I recently became interested in Option trading and have gone threw a lot of YouTube vids. I found these to be the most helpful and easy to learn

  18. Pretty common sense stuff, risk management I'de make one of a traders top skills to learn. Quick question, you trade bitcoin at all?

  19. there is a thing called necessary eveil and I want to be straight forward with you clay…and it's Education… Comprendez??You do it right???

  20. You look and act like I did and still do. I look at the content and not the package. This has served me well over the years. Enjoy the unused razor. LOL!
    PS: One of your greatest strengths is that you tell truths a lot of us already know to be true, and you add daily to your credibility by doing this. The fact that you put honesty before marketing even when you are not creating personal sales is not a bad thing. A person that knows his stuff and puts honesty before first is a great teacher. Keep it up.
    In fact, as I am getting ready to purchase services and start real trading, I have your site pegged for a 99 dollar investment in what I believe will be and honest chat room and service. This attitude in me has come directly as a result of your videos putting the truth before financial gain. Great attitude. Keep it always.

  21. hey clay was wondering if you could do a session on taxes as a trader?? been following you and appreciate your authenticity in the trading field. thanks

  22. i know NOTHING about how to invest or developing a strategy… I'm enrolled in a course to teach the basics of training. and getting hands on how to read charts and what markets best fits my own personal growth plans. i figure once i gain the basic tools and what they do …my motivation is to build my own strategy with the fundamentals gained from this training course I'm enrolled in. i take all training with a grain of salt and i know its gonna take more of the individual to grind and achieve their own goals. your video just justified that for me. thanks

  23. Thank you for acknowledging the women traders out there 😉 I appreciate the honesty about what it takes to become a successful trader. No smoke and mirrors.

  24. eventually I would like to use your educational course but at the moment I don't have the funds so I going to read up on penny stocks and start there and then graduate to your course and hopefully I can use both methods

  25. Good stuff. I'd add to the formula "Emotional Control". I guess it goes with personal risk. People need to separate the emotion from their decision making process. Not easy to do. Stick to your strategy, and don't let the roller coaster get to you.

  26. Clay, Very good videos and the explanations are the best. I know which gurus you're talking about. I learned from this kind of people too but you're really down to earth and your educational stuff is so far the best. Thanks Man 🙂

  27. Hi clay love your videos! I was wanting your opinion on when would be a good time to trade for a first time trader, I've read some popular investing books here and there but currently I'm focused on working to build up more cash for investing and reading more investing books to keep having a better understanding about stock trading. I'm mainly wondering on when would be a good time to begin putting real money down, and how much is a good safety net of money to save before starting.

  28. You said it better than anyone else. You are so right. Education doesn't necessarily mean going to fancy school. Look at Edison. No school but very well educated.

  29. The fact that clay is straight up with stuff makes me want to buy his courses since he would be more realistic and not just show you the silver lining… either he's a total idiot or he knows that people will think like me in this fashion and is a marketing genius… I would vote the latter.

  30. Hey Klay, love how you keep it so real and straightforward. Its the reason im saving up just for the courses and why I been sticking with your channel for trading education. Thank you for the realistic view it has helped this 19 year old, and not only in the trading aspect.

  31. At this time… a homeless looking guy with 666 likes teaching trading courses??? This guy is a scammer of the devil! ;P

  32. I have 10000$ to start trading I don’t want a fancy house or to be a millionaire, I just want to make enough to smile at the end of the day!

  33. Everything is rigged…the charts are different than the institutions – trend lines for us only are obvious after 2/3's of a move.
    …I have a 3 reasons rule, 2 volume charts – 2048 and 8092; stocastic with upper/lower lines of 95 and 5. Crossing either lines is one reason…
    …2nd entries, fake out breakouts, double tops with an engulfing candestick are other possible reasons – staying detached using rules is the only way to make it.

  34. I like your explanations and agreed with you, but also there is a lot fake training out there. Tim sykes is one of them.

  35. This nice guy is re marketing forex training which changes nothing. There is no training that will help you win on the forex, what is so damn difficult to understand. Anyone who thinks that forex training of any kind can defeat the randomness of the graph, does not understand what makes the graph move in the first place. Of course you can teach a style of trading but you cannot teach people to win. The forex graph movement reflects an average pressure of an ever mutating market and is purely an artistic interpretation and has no data to help you win following trades.

  36. Something doesn't add up… educators know the strategies, why not make millions trading and offer free education ?

  37. Your educational information is great! Every day over the past few weeks i've been learnig more and more and getting closet to taking the steps to starting trading for long term goals 🙂 Thanks for the awesome content!

  38. Good, as a competitor educator, ( via EQsIQ) this is good. I rate this 7.8/10 and is open and directly honest. well done my man youre one of the Truth players amongst a sea of filth Ive seen today.

  39. Ive noticed this video is old and I may have lost my window of opporitunity to get an answer but here I go!
    I am an actuarial Student(its a job where you are a very complex calculator for a company) I plan on becoming a daytrader once I gain enough funds to go through with the OTA's course and then start trading. I want to make between 1-4% off of my account a day and compound it until I am bringing in 10-25K in a day while only risking 1% of my account.

    Is this reasonable?

  40. As a trader of 5 years that has never paid for education and is not profitable (down tens of thousands of dollars – 20,000$ in past 3 months) this video seriously makes me want to buy some education…..

  41. Everybody being born to become a trader, will be a trader already. And carpenters or plumpers choose to form with their hands. They build up. But they do not seek to make a living from exploiting differences. A trader is a somebody being interested in a deal, because he is interested in deals. And he would have a craving without the next deal. So money is only his second wish. And most craftsmen would like to have more money to make their job less exhausting. So we should help them to work less – instead of becoming a trader in addition to their days work.

  42. some cost a lot of money just for some insight
    gap fill idea… breakout or breakdown leaving many unfilled orders so the price returns to the scene of the crime

  43. Clay all education should be free didn't you know we live in AMERICA where millennials want everything free except they pay for Netflix and Amazon Prime and Hulu and Gelato.

  44. Hey, i m new to this trading thing, i want to learn about it so that i can start trading but i don't know where to start. I saw some your videos about what is stocks, how to buy stocks but i want to know the basics or whatever needed to get started. I started to find your playlists but there was so many topics it felt like i am tangled. Could you help me out ?

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