Michael D.

RADESTOCKSAMERICA SCAM?

Mitch King the "King of Bull Shorts" has created a web site www.tradestocksamerica. The problem with the site is mutlifaceted. Mitch often explains that you need to know the psychology of the people you are buying a stock from. Fear versus greed. He uses the same psychology to procure new time traders to fork out quite a bit of money for training. Knowing that these newbies in their most vulnerable trading period, he offers them a sanctuary for a fee where they feel safe to learn their craft. Mitch made a million if a few weeks with his bullshort. What you learn later is he lost a million in 20 minutes with the same technique being over leveraged.

The bait: the free video. The catch... endless amounts of training. Each level of training ends by leading to another "opportunity" to fork over more cash. The question you have to ask yourself is if he is such a great trader why is he doing this? The answer you will get from him is that he wants to teach. Newbies believe this. Don't. He wants to make money. Period.

Join his newsletter, take a course and then the trade room. The problem is the trades suck. To complicated, to many and not very good for a "bargain" of 249.95. If they offered a few good trades consistently which were easy to follow and make in your favor then it truly would be a bargain. The problem is there not. Early in the trade room history they actually posted the trades. An advanced trade tag meant more than anything that you were going to lose money. Now they don't even post them. You are supposed to figure it out by following their comments. In the early morning you will get the Kris gap theory long versus short with times there is a 5 percent loss set as a stop. Never is a helpful comment like reverse your position ever given. Many times random probability is more profitable than these early morning barrage of trading noise. The traders running the room block comments from anyone disagreeing with them

If you are an advance trade you might be able to filter out what is going out and make some money. If you are a newbie you are going to lose precious time and money and figuring out the mess the trade room noise provides. Instead of building confidence the opposite will happen. Newbies stay away. Again stay way. If you elect to try the 1 dollar week free bit go for it. But if you don't make money that week get the heck out of there.