CanSheTrade.com does not have any track record, no listing of trades taken indoors the live trading space, no history of text transactions. Zero transparency. Sarah Potter asserts to be a complete time professional dealer, yet she’s reluctant to provide her viewers or tradingschools.pro with any evidence at all. CanSheTrade? Nobody knows. After calling Sarah Potter multiple occasions, asking a track record, she just refused to participate. She seems to have a very fundamental comprehension of financial markets, also is offering a collection of classes and materials for your extreme newbie dealer. Avoid.
User Review( votes)
Thanks for reading today’s review about SheCanTrade.Com
What is SheCanTrade.Com? Moderated by Sarah PotterShe, CanTrade is a live options and futures day trading room. The live day trading service has three levels: (1) $119 per month for trades via text, (2) $197 per month for text trades and to watch live screen trading, (3) $497 per month per month for text trades, live screen trading, and personalized conversations with Sarah.
In addition to these interactive trading options, Sarah also sells a wide range of indicators and informational videos that include the following:
- Trend Indicators: $497 to $997
- Trading Indexes and ETF’s: 4 hour video $497
- Futures Trading: 4 hour video $497
- Trading Options Consistently: 6 hour video $597
- Trading At The Money: 3 hour video $497
- Options Trading For Profit: 13 hour video $797
- Options Foundations: 3 hour video $397
- How I Use Charts To Trade: 4 hour video $149
- Options On Futures: 3 hour video $397
- Debit Spreads: 2 hour video $397
- Maximizing Your Success Trading Puts and Calls: 2 hour video $197-$397
- Sarah’s Essential Options Trading Strategies For Volatile Markets: 2 hour video $97
About SheCanTrade.com and Sarah Potter
Upon checking on Archive.Org on SheCanTrade.Com shows that the website started in 2013. The earlier versions of the website are pretty basic and start off as a sort of blog where Sarah simply talks about the markets. However, as you watch the website change over time, you can see the transition from blogger to full blown “Trading Guru”. It appears that in 2014, she published her first book, “How You Can Trade Like A Pro” with Kindle versions available for about $15 per copy. In my opinion, the book was written as a sort of launch pad for her various promotional products and services.
It appears that prior to her current venture as a trading educator, she actually was an educator. On the older versions of her websites she claims to have a bachelors degree in education and a masters degree in education. Both are common for school teachers.
Inquiries from TradingSchools.Org readers
Since roughly November, 2015 I’ve obtained 10+ queries to critique Sarah Potter and SheCanTrade.Com. The messages I received were diverse. Most people simply made a petition for an overall review. A few messages were poignant, 1 gentleman in particular had written to inform me Sarah Potter won’t publish a history of any type, which no live trading could be confirmed inside the live trading area. Still another had written to inform me he had bought the book and believed that the advice regarding credit spreads turned into a catastrophe waiting to happen. Still another person complained he had asked Sarah to give account statements that affirmed her claims of being a”full time professional dealer” and she apartment denied his petition and proceeded to dismiss him.
Truth be told, when people sit down to write to me straight, its generally to whine. Hardly anyone writes to inform me how amazing a trading service or trading instructor is doing. With this much bad prejudice, its important that I talk with the trading instructor one-on-one and cover each these difficulties.
Reaching out to Sarah Potter
On March 2, 2015 I reached out to Sarah Potter and was very direct in telling her that I was with TradingSchools.Org and that I would be writing a review of her trading service. She was pretty excited to be interviewed and have a review written. She had written to me, “I’m honoured that you want to review SheCanTrade.”
Everything started off okay. I sent her a list off all of the companies that I had written positive reviews about. The list is not very long. But as I explained to her, every single one of the companies on this list were 100% able to verify actual trading performance. I explained that the vast, vast majority of trading educators were just failed traders that along the journey morphed into trading educators, simply because they could not make the cut as a live trader. That I needed to verify her claims of being a full time professional trader, and that it was important that she reinforce and legitamize her claims (Page one of her website) of…
Real Trades, Real Money, Real Simple – Consistently Growing Your Wealth
A membership to the Shecantrade Live Trading Room provides real time access to consistent options trades. Members benefit from watching professional options traders place live trades in their real accounts. You will learn the ins and outs of options trading in an inclusive and friendly atmosphere.
In my opinion, the above quote is crystal clear. She claims to make live trades in real trading accounts, using real money. However, the moment I asked for proof of this live trading, using real money in real trading accounts, she turned as icy as Jack Nicholson in The Shining. She simply shut down and refused to engage with me. I sent emails directly to her, and inside of these emails are tracking cookies that time stamp when the emails are opened and read. In real time, I could see her opening my emails, but she simply refused to engage with me further. Apparently, providing any sort of proof that “She Can Trade” is entirely off limits.
Perhaps Sarah is afraid that some malicious hacker might be able to reverse engineer her redacted account statements, that would prove that SheCanActuallyTrade. Perhaps publishing her TradeStation account is just too much information for the public to consume. Maybe the trades are so good that they will incite a Justin Bieber like response for the trading community. All of these new fans will flock to her website and it will crash because of the demand. That would be terrible.
A tale of two options trading educators
Trading educators like Sarah Potter drive me nuts. On the surface, they are so darn nice and sweet, but the very moment that a person ask for any sort of proof that they have ever traded profitably, then they just callously blow you off. They immediately know that their cover has been blown, that a truth seeker is right in their grill and refuses to go way, that the person that they project does not match the person that they truly are. That this whole trading educational thing is just a way to make a buck off of the greater fool. They perpetuate the failure that is so persistent in the business of trading.
Many people get into the trading game and they quickly fall for people like Sarah simply because she wrote a book, and she sounds smart. They automatically will correlate these markers as a sign of success. That “if a person writes a book about trading, then they most likely know about trading”, however if a person takes a closer look at the universe of trading books for sale on Amazon, you will be amazed at the thousands upon thousands of so called experts all claiming to be full time traders. Its amazing what people will believe.
Lets compare a person like Sarah Potter with a person like Kevin Kleinman at WatchHimTrade.Com. You can read my original review here. Kevin is like Sarah, they both trade options. But the big difference is that Kevin is ultra mega, ultra super transparent. Every single one of his trades is on full display, inside of his trading room. And every single week, Kevin posts his actual account statements directly from TradeStation Securities. No BS, no games, no claiming that SheCanTrade but actually displaying that HeCanActuallyTrade. The winning, the losing, its all there. As a matter of fact, it is so damn refreshing that since I have written that review, a near constant stream of positive emails continues to hit my inbox. No problems whatsoever.
If you give Kevin a try, make sure that give a shout that Emmett said nice things about him. Its important that people like Kevin, and the rest of the guys that I write positive reviews about are aware that honesty and transparency is appreciated. Truthfully, I feel sorry for the educators that are transparent and are willing to be open and honest, they have to fight the massive wave of fakes and frauds that hold themselves out to be professional traders, but are nothing of the sort.
Conversations with brokers
One of the great things about writing reviews about trading educators is the outreach that I have received from individual stocks, options, and futures brokers. In particular, the futures brokers give me amazing insight about what I should be writing about. As well as stories of what actual professional traders do, how they conduct themselves, and the money that they earn. One of the most common questions that I ask is whether the 95% of traders actually fail. I can concur that after speaking with many, many brokers…the real number is more like 80-85% failure rate. One retired broker actually showed me a spreadsheet of thousands of closed accounts and showed me some amazing statistics on survival rates.
One of the most common questions that I ask is why do 4 out of 5 traders fail? The most common answer is that new people are introduced to the trading business by more experienced traders that have only displayed traits of failure. That people buy books, and courses, and systems from failed traders. The flawed knowledge is handed down like a venereal disease, the failure just spreads and spreads from trader to trader. That newbies latch onto failed traders selling education and they are doomed to have relative performance similar as the failed educator. If you think about it, it makes perfect sense. If you want to be a brain surgeon, you should probably be learning from someone that has actually performed successful brain surgery. However, most people lower the bar so low, or are so greedy or gullible that they simply read a website and trust in the goodness of mankind. Sorry folks, when it comes to most trading educators, they give Bernie Madoff a good name.
Unfortunately, as most brokers have told me, that when people place their trust in other failed traders, they do themselves treble damage. Much more than just the cost of the education, loss of time, trading losses, they ultimately have to UNLEARN the flawed knowledge. And everyone knows that it is entirely more difficult to break the cycle of flawed knowledge than it is to introduce knowledge based upon verifiable facts. Just ask poor Copernicus, the renaissance mathematician and astronomer that formulated the model that the sun was at the center of the universe, and not the earth. The Pope was so horrified by his writings that they tossed the poor guy into prison. Many, many years after his death, his theories were proven and able to take root.
Wrapping things up
In my opinion, much of what we are seeing in today’s modern technical analysis movement is very similar to what we witnessed during the dark ages…during the high period of Alchemy. Its amazing to me when I read about the numerous universities that sprang up in medieval Europe that promised to teach students how to turn common elements into gold. For roughly one thousands years, after the fall of Rome, its seems that humanity simply lost its way. Embraced pseudoscience and the charlatans ran amok. Technical analysis of stocks and commodities has only been around since roughly 1985…the charlatans and alchemists, armed with a personal computer are firmly in control of the message. But everyday, I wake up and attempt to slowly drain the swamp of fortune tellers, wizards, and magic unicorns.
Oh, and Sarah Potter when you read this, I would highly recommend that you sign up for “The Robot“. This way people can witness whether you are the genuine article and not just another trading guru with zero proof of success. Sarah Potter the trading wizard, sure sounds like Harry Potter, another amazing wizard that never was.
Thanks for reading and don’t forget to leave your comments below.