I don’t know if she’s for real or not. But, when I was 18 and the stock market was soaring based on the tech bubble, I taught myself to day trade, before it was even possible to trade on computers. I literally had to call in a stock order and it would be placed whenever the broker “manually” got around to it.
Within a year Etrade.com came along. There were days when I made $20,000.00, days when I would make $7,000.00. Sure, it was possible. I could have purchased a Ferrari or Porsche. But, one’s life really doesn’t change much when you are financially secure. I still live off some of the money I made back then.
It’s absolutely possible to make money, LOTS, of money in any sort of EQUITY MARKET, but, you must have very thick skin. Just because I made $20,000.00 on some days, doesn’t mean I didn’t loose money on other days. It was very hard to handle trading $30,000,000.00 ($30 million) worth of stocks per year at such a young age.
The pressure of loosing your shirt is intense. Take it from me: It is possible to make large amounts of money. But it is very, very rare. Amy is making the vast majority of her money from teaching others how to trade. There’s no way she’d be working 3 hours per week, if she was honestly making money trading equities.
I sat in front of the computer screen with CNBC on each day, from the moment the stock bell rang at 9 a.m. to the moment it closed at 5 p.m. (excuse me if I have the times wrong) When 24-hour Internet Trading became available, I would have to monitor my positions all day long.
I didn’t have time to go play or make movies on youtube.com. Nor would Amy or any of her partners, if they were true traders. I believe they know the skills required to trade and may certainly be able to convey their knowledge to others. But, that access comes with a hefty price.
One can buy a Lambo for far less than you think. They may have been used vehicles and it doesn’t take many subscribers to earn $180k (the price of a lambo) when you’re charging $599.00 AU for financial lessons.
It’s not a scam. But, you must know what you’re doing. You must have a knack for business and why markets move. As far as the psychology of an equity market, this is the exact reason you must have CNBC on. If you don’t, and there is some sort of issue with the economy, how will you know? How will you gain on the news, and the news is what dictates the psychology of the market. If you don’t understand what I’ve written here, you’re not going to succeed. What I just said is as close to factual as possible. Yes, it’s an opinion. But, it’s coming from years of experience.
At the end of the day, I think Amy is a spokesperson for the company. Read the disclaimers. They’re liable for nothing at all. The advice they give you, is not to be construed as financial advice. So what the hell should it be construed as? Cooking lessons?
Use your judgement. The video is enticing, but as the saying goes, “if it looks to good to be true it probably is.”
There ya go…my $0.02 on Amy and her “car.”
P.S. what about her house? What about her watches? Her jewelry? Her net worth? Some of the films that are made must be made using equipment that costs $20k. That doesn’t include editing. So, they’re spending $30k to $50k on some of these Youtube.com commercials. It doesn’t add up, the more I write about it, the more it just doesn’t make sense. I’d steer clear.
