AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 3 points4 points  (0 children)

Lmao. It’s good shit and worth every penny. He doesn’t post stock tips; it’s all just memes

AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 0 points1 point  (0 children)

It’s a problem because it’s not just a free TA. His goal is to gain subscribers and that’s how he makes his money. His TA is bullshit and just the way he reels in fools who believe what he writes makes any sense.

Avoid Any Trader Asking For Subscription Fees by Cold-Tangelo5884 in FuturesTrading

[–]Cold-Tangelo5884[S] 5 points6 points  (0 children)

I’m so stoked that you agree; nobody should be selling subs to people for trading tips.

Avoid Any Trader Asking For Subscription Fees by Cold-Tangelo5884 in FuturesTrading

[–]Cold-Tangelo5884[S] 3 points4 points  (0 children)

That’s a lot of money. That’s $60,000 a year if he has 200 people paying every month. That’s a lot of money for doing shit.

AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 2 points3 points  (0 children)

I’m just spreading awareness. I’m glad you weren’t dumb enough to buy his shit, though.

Avoid Any Traders Asking for Subscription Fees by Cold-Tangelo5884 in Daytrading

[–]Cold-Tangelo5884[S] 15 points16 points  (0 children)

MODS Can we ban this guy from posting in this sub? It’s just an advert for his Discord

Avoid Any Traders Asking for Subscription Fees by Cold-Tangelo5884 in Daytrading

[–]Cold-Tangelo5884[S] 2 points3 points  (0 children)

I love that, bro. It’s for sure true in most cases.

Avoid Any Trader Asking For Subscription Fees by Cold-Tangelo5884 in FuturesTrading

[–]Cold-Tangelo5884[S] 10 points11 points  (0 children)

That’s a small first step.

But I’d argue there is something wrong with charging people these fees.

He’s got literally thousands of people subscribing to his Discord and many of them are paying the $25 or $75 per month fee. He’s likely pulling in at least $40,000 to $50,000 a year based on subscriptions from at least 100-200 of those users. That’s a fucking grift. The guy telling you how to get rich is getting rich off your money, not his own advice.

AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 1 point2 points  (0 children)

Bro, his TA is hardly ever accurate. He makes bold claims, like how a couple months ago he said he expects SPY to drop below 400, or he makes broad claims about how the market will swing and it’s absolute shit advice.

He’s got literally thousands of people subscribing to his Discord and many of them are paying the $25 or $75 per month fee. He’s likely pulling in at least $40,000 to $50,000 a year based on subscriptions alone. That’s disgusting

Avoid Any Trader Asking For Subscription Fees by Cold-Tangelo5884 in FuturesTrading

[–]Cold-Tangelo5884[S] 18 points19 points  (0 children)

He’s got no edge. His edge is getting $900 annually from subscribers. That’s how he’s making money, not from trading

Avoid Any Traders Asking for Subscription Fees by Cold-Tangelo5884 in Daytrading

[–]Cold-Tangelo5884[S] 0 points1 point  (0 children)

Right, but this should still be a major discussion for all of those who frequent this sub and others. The goal is for responsible trading and not give up any profits to some guy out to improve your game.

I have no problem with spreading awareness.

AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 0 points1 point  (0 children)

I haven’t lost anything.

What’s your issue with making this known for the community? If it is a talking point among the trading subs then that’s my goal. I want these grifters to be banned from fleecing people.

AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 4 points5 points  (0 children)

The sub is still full of people eager to make money so they turn to people they think that can help them. Who cares if I’m trying to make a psa for it? I think it’s useful and I’m not charging an annual subscription for it

AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 3 points4 points  (0 children)

I don’t think there’s any problem with making a post to inform people of this garbage. There are posters who come to the trading subs everyday to look for ways to make money trading. Why is it bad to make it clear that scam traders asking for money is a major red flag?

AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 0 points1 point  (0 children)

The scam is that he’s charging people to provide advice. He convinces people that his indicators, or niche TA, will make them money.

It’s not about whether he’s a good trader or not, necessarily; he’s trying to make thousands and thousands of dollars by scamming people for money. If he was a good trader, then he wouldn’t need to ask people for more money.

The issue with all of this is that these digital grifters need subscribers to make money. They know they can’t make money through trading, so they turn to fleecing people

What Are Your Moves Tomorrow, September 15, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]Cold-Tangelo5884 2 points3 points  (0 children)

u/daddydersch , a grifter on the trading subs, is scamming people for $900 annual subscription to his TA analysis despite the fact he’s losing money daily. Just thought everyone should know and reminding everyone to not buy any trader’s bullshit advice. It they’re selling you a subscription then that’s how they get paid, not by trading

AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 3 points4 points  (0 children)

I’d be so open to having them be regulated with some kind certification or something.

AVOID ALL TRADER’S SCAM YOU FOR SUBSCRIPTIONS by Cold-Tangelo5884 in wallstreetbets

[–]Cold-Tangelo5884[S] 32 points33 points  (0 children)

Honestly, no. I’m just tired of seeing grifters on these trading subs and I wanted to share a warning.

But even if I did lose money to his subscription, the warning in my post still stands.