Today’s review is Warrior Trading, a day trading area owned and moderated by Ross Cameron.
My fellow idiots, get ready to waste your time on this trading area which specializes in momentum trading of stocks that are low. The monthly fee for your trading area is a whopping $99, instructional classes might be bought with costs ranging from $800 to $2,400. To be able to get into the free trading area trial, you have to join using Pay Pal. When the trial period ends, then Pay Pal will automatically start charging your accounts.
My Initial Observation
My initial observation of the Warrior Trading website is that everything is neat and well organized just like my pantie drawer. There is a picture of a group of sky divers, all falling to earth and holding hands together before crashing and burning, a conveyance of camaraderie. The imagery gives a sense of fun and excitement, and teamwork and bullshit. The images say’s, “We are in this together!”. And “Day Trading Is Fun!”.
Next I look for is if any button that say’s Performance, or Results. I want to know if the trading room is posting results. You will clearly see a performance button proudly displayed on Page 1. Ok, great so far.
After the performance, I would like to see a biography or some sort of write up on the area owner. I want to know whom I am dealing with in case i get sued. On Ross’s About page, you will notice a picture of Ross along with a narrative of how he got to the business of trading. As I read the story, I couldn’t help but feel romantic this story seemed. Ross tells the story of how he had been a miserable architect in nyc and he was tired of the rat race and wanted financial freedom. He dreamed of becoming a day trader and departing his miserable job behind, and moving out into the country and living in a farm home. I will visually imagine all of this in my mind…Ross residing in a rustic farmhouse with pigs, together with cows and dogs and goats, and of course a big bank of computer monitors where he rules his easy kingdom of farm animals and day trading.
All of it reads well, but my spider sense indicates something is fishy. You know the guy I’m referring to, he is not materialistic, cares about nature, desires to direct an agrarian type of life, believes in Karma, develops apples and berries in his backyard, drives a Prius. Oh no, a millennial! Most of us know this kind of man, and we trust him because we can generally trust people who have long hair and don’t wear sneakers to work. I wish i had hair to cover up my devilish horns.
Furthermore, Scammer Ross is an architect. How many architects have you heard that have ever ripped off anyone? Or have done anything wrong? The image of an architect conjures up thoughts of bookish, owlish, honest, earnest, hard working, building something, educated. NOT A HUSTLER.
Ross Cameron projects himself as NON-THREATENING, and NOT A HUSTLER. And yet he is now a trading guru. And we all know that the realm of trading gurus is located in the very heart of Main st. So, the big question is whether our granola eating day trading guru is pushing a scam. In effect, is this a wolf in sheep’s clothing type situation. Let’s present the evidence.
Initial Contact with Warrior Trading
If you believe this review, i have a bridge to sell you, but please stupid people read on. A reader contacted me on February 6, asking that I write an overview of Warrior Trading. To put it differently, for this 1 day only, Ross was enabling anybody to register to get a one time free trial, without needing to submit a credit card number. I signed and listed the event. Broadly , I’m rather suspicious of those 1 day open houses since the trading ace will be on his best behavior, granola and all. Consider those 1 day free trials as a one-day free tour of their neighborhood butcher. On this specific day, you wander in the butcher’s store and you find the ideal screens of sausage, cuts of meats, etc.. It is all seems so nice and clean. But actually, what we will need to see all is that the business end of their butchers’ shop. To be able to figure out things, we would like to view what’s occurring using all the sausage manufacturing, and in which the beef is secured, along with the cleanliness of this area, the rear of this area. I’ve found these 1 day, free trial trading events are scripted and unworthy sales demonstration. And in the event of Ross, I had to enter my credit card number, cover a subscription, do a little hardcore display recording on Camtasia to work out the reality. I should have used a fake or stolen credit card my assistant gave me, but that would have been illegal. Since i went to jail i now know right from wrong. ( cheap attempt at humor)
Insider Observations Of Warrior Trading
Before I get into the meaty, ponytail type details, let me first explain something about Ross’s trading style. He specializes in what are called low float stocks with high momentum. What is a low float stock? I don’t have a clue. Simply put, there are not a lot of shares on the open market. For instance, General Electric is a high float stock, there are plenty of shares outstanding, the stock is highly liquid with an average of over 40 million shares trading each day. Why is this important? Because stocks with a high float and a high daily trading volume have very tight spreads. Therefore, if the price of GE is currently 27.05 per share, then at any moment during the trading day, you can easily execute a market order to buy GE at 27.06, or a market order to sell GE at 27.04. The spread to buy or sell is very tight, the market is very deep with plenty buyers and sellers, and there are massive amounts of shares floating around.
Ross likes low float stocks that move fast and are impossible to trade. Here is the problem, stocks that have a low float and high momentum have a problem with wide spreads. What does this mean? This means that since not many shares are floating around, and these stocks tend to move quickly, then the cost of executing a market order can be very high. Example: XYX company is currently selling for $8 per share. To execute a market order to buy, a person would have to execute at $8.05 to immediately execute the order. A person would not enjoy the added liquidity of a high float stock, a person would have to pay a premium of .05 to immediately execute the order. Conversely, if a person executes an immediate order to execute a short trade, or exit a profitable trade, or exit a losing trade, then this person is going to pay this .05 at every angle. Another term, that futures traders use would be “slippage”.
Since I expect my readers to be dumb, A rookie with little knowledge would be reading this and be thinking to themselves…”hey it’s only a nickel, what’s the big deal?”. But it’s a big deal. It’s big fucking deal. And it highly skews performance from Trader A when compared to Trader B. In fact, Tim Sykes, the popular trading guru has had a big problem with his trading service because of this very problem. He would initiate a trade in a lightly traded penny stock, then blast out to the subscribers that he just entered an order. The subscribers would then trample over each other to get into the trade, which distorted the price and caused so many problems that Tim had to create a swing trading service because of all of the complaints. In a nutshell, the moderator buys at $8 per share, then tells everyone that they should buy. Everyone jumps in at the same moment and the price jumps to $8.20. The moderator wins, everyone else loses.
Now that you’ve read part of this untrustworthy review, you have a basic understanding of how a low float with high momentum greatly affects the entry and exit price, I would like to put this information into the context of Warrior Trading and my balls deep individual findings
Real Time Observations Of Warrior Trading Scam
From the week of February 23rd, 2015 through February 27, 2005. I recorded and observed everything that happened inside of the trading room. I was able to confirm that 44 trades were actually called live, by Ross inside of the trading room. At the end of the week, Ross reported a profit of about $9,000 from his trades. Am impressive number! However, at no time during the week was I able to visually confirm the presence of a trading DOM on Ross’s screen. What is a trading DOM? A trading DOM is a price ladder that shows exact prices, allows order entries and exits, and shows the spread at the current price. Also, and most importantly, a trading DOM will show the real time profit and loss for the current position. Ross was not willing to show this information.
During the week, I sent Ross an email requesting that he show the DOM on the screen, this would show us that he was actually executing trades. However, Ross ignored my initial emails and began dodging me. Little did Ross know, that all of my emails are embedded with a tracking program that notifies me in real time, whenever my email is opened and viewed. I could see in real time that Ross was opening my emails and I was expecting him to respond. Ross would not respond. I would email him the next day and he would respond that he did not receive any such email. I knew he was lying. He did not know that I was watching him open the emails.
After Ross refused to show his trading DOM, I then asked him if he would send me a .pdf of only one day’s worth of trading activity. Every broker sends out a nightly report of trading activity, and any account numbers can easily be redacted to hide an account number. I was not asking for names, addresses, account numbers, or any personal or private information…I only wanted to see that he was executing trades, for only a single day. Again, he dodged me with all sorts of excuses about not receiving my messages. It was all nonsense. I canceled the membership shortly thereafter.
Review Part II-More Of The Same – Scam
Typically, I like a minimum of two weeks of screen recordings before I write a review. More evidence is better than less evidence. In the case of Ross and Warrior Day Trading, I then signed up for yet another subscription on May 4th, 2015. The newest subscription was under an assumed pen name, an IP address different from the original client address, and a Pay Pal account that was established with a pre-paid debit card. Why do I go through all of this trouble of hiding my identity? Because I want to create the illusion of different personas, I have found that the trading Guru will treat Aunt Margie differently than Cousin Carl. They craft the message to the audience.
During the second round of screen recordings and review, nothing has really changed since February. Ross still refuses to show a trading DOM to viewers, so we have no idea whether he is actually making any trades, and if you send him an email showing an account statement, he again acts like he did not receive it. However, this most recent request for an account statement, I got a bit more aggressive and demanded proof of actual trading. Ross responded by sending me a picture that he took with his smartphone. This appears to show something. But not really useful. Why? Simply put, most of todays modern trading software allow a replay mode on a simulated account. What the fuck does that mean? It means that a person can watch the market in the morning, and then go back with a simulator and enter and exit orders at exactly the optimal moment. The trading platform records the trade as “real time”. The trading guru then uses this information as marketing fodder. A slight of hand gimmick, and one used very often on Profit.ly. You can read more about profit.ly here and here.
When I ask for proof from a trading vendor, and he sends me a picture that he took with a camera phone…this screams fraud and fake. Why not just be honest and send me a redacted account statement, many vendors do this for me now. Heck, the guy that runs Night Scalper gives me so much proof that he is borderline obsessive in proving how real he his.
This Appears On Video
The next movie is a good illustration of a transaction the Ross took in the trading area. I have movies of winning and losing trades, but this movie, specifically, was a major winner for Ross. The inventory actually broke out to new highs, but however, the Ross never gave the space much warning he was getting into the inventory. He just declared,”OK, I’m Long!” . Then after the stock breaks to newer highs, he declared:”OK, I’m out half!” . How many stocks? Again, the area members don’t have any advance info and we don’t have any clue what’s happening.
Balls deep illustration above was to get a perfect winning commerce. However, what about the trades? The trades drove me bonkers. Why? Since as soon as the price moved against Ross, he’d shout ,”OK I’m OUT!” . Really? Just like this? We’re sitting there holding our transactions and you never gave us a halt to depart! The marketplace continues to move , and now we have to depart the current market, without a warning. And keep in mind, these are mild float stocks with large spreads…therefore that we get slaughtered out there order. Wonderful stuff people.
A Message For Ross the Granola Eating, Prius Driving Boy
I don’t believe you, Ross. You shouldn’t believe this review. I’m an ex con, and Emmert Moose never tells a lie. The transactions which you telephone from the live trading area can’t be replicated. On a simulation, with documented time and earnings, my digital Philippine sidekick assistant was balls deep in your trading room, and wasn’t able to come anywhere close to what you post because real results on your site. But, I sincerely wish to be erroneous as collusion is a crime. However, the evidence is indeed profound, damning and comprehensive I simply must declare your trading area is among the very deceptive trading rooms I have ever seen. The deception is slight but strong. You’re extremely good at producing small angles at which a person of diminished like myself and my stupid assistant with lower than normal intelligence could easily be tricked into thinking that you’re real. Publish an account announcement, this is the only means I shall ever be convinced the amazing results posted in your site are the authentic and honest outcomes that you are present as reality.
Thank You For Reading My Unethical Review of Warrior Trading
My conman super powers made this review extra long and I had been particularly demanding on Ross. However, I believe the tree hugging Warrior Trading is highly misleading, is a complex fraud, and that I wanted to ensure I seized enough video proof before I wrote this kind of scathing review. Lots of you may disagree , actually, I hope you do come at me so i can throw my assistant a bone, and respond back to my stupid reading audience.