Anyone remember Bill Ackman’s Pershing Square IV? It was simply a 3x leveraged bet on Target Corp? He managed to lose $2 billion-- and he’s still in business!
This guy is a piker.
Seriously, though, it does illustrate one of the problems of the internet today, and in particular Seeking Alpha. Basically anyone can write anything they want and put it up there, and make it look like they have some knowledge and experience-- when they have neither. I suppose it’s really just the same old story, though…
He’s sending mixed messages to “new traders” on that page…First one is" Look at me, I made like 600% roi in 6 months of trading", and the second message is “this isn’t a get rich quick scheme”…
It is exactly that, a get-rich-quick-and-then-retire scheme…You have it in you to place brilliant trades maybe couple of times a year, or you don’t. That’s all
