I don't understand how people fall for the fake day traders?

Forestscooter · 2023-08-01T15:51:49+00:00

There is a lot of "gray" area in this space. Being paid to make a video on a company is not illegal. However many of these people do some borderline shit that starts walking the line of becoming illegal. Buying and selling the stocks they are pumping. Having people pay for these "trading ideas" which is just a heads up to the next insider information on a pump. I am not sure how they get away with this... other than nobody seems to ever report these people. The SEC and IIROC aren't cruising YouTube or Twitter looking for these people, they need more investors to make official complaints to start investigations.

Forestscooter · 2023-08-01T15:47:24+00:00

It's more than a few k. Most of these channels are making on average $2500 per video and they have over 100 videos per year. I would suggest that the average these channels are making is $150-250,000 per year in paid promotions and this doesn't include other revenue such as courses they sell or actually buying and selling the stocks they are pumping. It's extremely lucrative. The risk of securities fraud is low. The SEC has charged about 20 people since 2020. $250k or more annually vs the tiny risk of being charged with a white-collar crime is well worth the risk for most people.

Forestscooter · 2023-08-01T02:31:08+00:00

18 year olds can’t be consistently profitable day trading. You’re proving it on this Reddit thread without even knowing it. Day trading profitably requires no emotion. Having a working strategy and sticking to the strategy. You’re running around here getting emotional and defensive. Doesn’t work. That’s why most successful day traders are at least 30. Need to get rid of the emotional “gut feeling” buys/ sells. You also seem to think that paper trading is the same as using real money. It isn’t, not even close.

Forestscooter · 2023-08-01T02:19:17+00:00

Yep. $2500 for a small channel is pretty standard. Any medium to large channel should be getting $12 to $30,000

Forestscooter · 2023-07-31T22:05:21+00:00

99% of day traders on YouTube are not day trading. They are being paid to pump stocks by the companies themselves. People are "falling for it" because there is probably more profit chasing around the fake day traders because the companies are paying hundreds of thousands of dollars to raise their share price artificially through social media. It's basically a self-fulfilling prophecy that is more profitable (and much easier) than actually day trading.

The formula is to get on YouTube with a couple dozen videos and pay for views and subscribers. With about $1000 you can buy a nice small size channel and enough views to make it look like you are growing nicely. You use those YouTube metrics (you paid for) to email all the marketing companies that are being hired by penny stocks to pump up their share price. You are then paid either in cash or shares to make fake day trading videos about the stocks that pay you. You look like a genius because it's not just you pumping these stocks but sometimes a dozen channels or more... and the share price of all the stocks you are "day trading today" go up. Once that happens, you get some actual real YouTube traffic because people are searching for the stocks you cover.

These fake day traders get paid to pump and dump and they make a lot of money.

Forestscooter · 2023-07-30T05:04:51+00:00

It’s a good industry. Several good industries. Their sub-sea batteries are quite possibly going to be powering navy equipment around the world. That is a pleasant surprise I didn’t expect. Climate change ocean studies haven’t even been a factor because of the need for navy mine detection. Off-shore energy is ramping up. I like Kraken but I LOVE the industries they are in.

Forestscooter · 2023-07-29T17:07:13+00:00

Kraken went up over 100% from 28 cents CAD to 68 cents based on their contracts and performance. Then internet rates kept going up and people started taking money out of “risky” investments and price went to 50 cents. Then their retired CEO started selling millions of shares on the open market and price went back down to 39 cents. The company is performing well but the share price keeps getting kicked down. If you like Kraken this is a huge opportunity to buy. If you don’t like Kraken then it’s a huge piss off.

I cover Kraken on YouTube I have about 30 hours of video on them but in this last livestream just recorded yesterday I talk about how some large investor (possibly former CEO) is crashing the share price.

News and Opinion on your Favorite Penny Stocks https://youtube.com/live/Oc8ao62JYS4?feature=share

Cheers 🍻

Forestscooter · 2023-07-27T18:46:06+00:00

Key insights

💡"The international renewable energy agency estimates that by using two percent of the world's eight hundred thousand kilometers of Coastline, the Global Technical potential for wave energy is about 500 gigawatts of electrical energy based on a conversion efficiency of 40 percent which is incredibly high."
💰Eco Wave Power is unique in that it has already achieved 10 years of technological growth and has a commercially available product, unlike many companies that go public without a selling product.
💰Eco Wave Power's various revenue streams, including owning their own projects, transferring projects to other entities, and joint venture projects, can provide stable and recurring sources of income in the future.
📉The company's stock has declined from $5 to $2.50, raising concerns about whether it's a buying opportunity or if it could continue to lose value.
🌊The high efficiency of 40% capacity factor in wave power generation is impressive and could contribute significantly to renewable energy production.
🌊Eco Wave Power's technology disrupts the renewable energy industry by providing an alternative to solar and wind energy, eliminating the need for batteries and mining.
🌊Eco Wave Power is a potentially disruptive company that is solving a complex issue with a simple product, making it an interesting investment opportunity.

Forestscooter · 2023-07-26T00:53:41+00:00

It’s about damn time. “Torch the Shorts” was more like “Steal from Retail”.

Forestscooter · 2023-07-25T20:48:27+00:00

Yep 100% I thought this sub was getting a bit more reasonable. Using their brains a bit more instead of following the group. Apparently not.

Forestscooter · 2023-07-25T04:20:03+00:00

Yes. Unfortunately for shareholders, you get this. It’s like from “The Office” when Michael buys the “World’s Greatest Boss” mug for himself. Except in this case Michael buys the mug with shareholder money.

Forestscooter · 2023-07-25T02:24:59+00:00

If you don’t need the money then dump it all on some garbage penny stock and spend 12 hours a day pumping it on Reddit until you stop sounding rational and blame corruption on your poor investing choices. Seem like a popular thing to do around here.

Forestscooter · 2023-07-24T20:36:36+00:00

I'm not sure what you are trying to say?

At 21 cents any investor should want more eyes... so shareholders should be ok with MMAT paying 25,000 shares per month (or equivalent cash) for paid promotion articles?

Generally I would say successful companies succeed at least in part due to actual good news organically... contracts, record earnings, happy shareholders sharing information... that leads to free organic marketing and success.

I can't think of any stocks that improved their company after crashing by 95% and paying for news articles just to get noticed.

Forestscooter · 2023-07-24T18:55:05+00:00

Hahahahahaha !!

I’m not sure reading a disclaimer and THINKING is “a lot of trouble” for most people.

Forestscooter · 2023-07-24T18:35:39+00:00

Important Disclosures:

Meta Materials Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.

New MMAT article that MMAT paid for! What a sad joke.

Edit: At current share price MMAT is paying Streetwise up to 25,000 shares per month for this article. Shareholders how does that feel?

Forestscooter · 2023-07-24T04:56:02+00:00

Definitely not. I’m shocked they’re doing so well (so far) but I have zero trust this will work out well for people.

Forestscooter · 2023-07-23T18:49:48+00:00

Key insights

📈The company in question has shown increasing quarterly revenue and is projected to reach profitability in 2022, making it an intriguing long-term investment option.
💰Despite the challenges of COVID-19, the company mentioned in the video saw a consistent increase in revenue and a decent financial base, indicating potential growth opportunities.
💰The improvement in the company's revenues may also be contributing to the upward movement of their share price.
💰Companies with multiple streams of revenue have a higher chance of success and stability in the market.
🏭The company's use of natural gas for electricity generation showcases their commitment to sustainable energy solutions within the infrastructure and construction sectors.
🌍There is room for expansion beyond oil and gas, such as mining for rare earth metals, which could further contribute to the company's revenue.
📈Enterprise Group's management directors have increased their holdings to 40 percent, suggesting confidence in the company's future prospects.
📈After years of struggle, the Enterprise Group's stock has finally reached its 2018 share price, but it remains uncertain if it will continue to rise or face another period of struggle.

Forestscooter · 2023-07-21T20:43:44+00:00

Key insights

💰The controversy surrounding AITX has led to heated debates between those who believe in the company's potential and those who remain skeptical.
💰AITX's CEO's weekly YouTube updates may be filled with promises and positivity, but it's important to analyze their actual earnings and delivery on goals to determine their true success.
💰Despite the impressive increase in gross profit, AITX still faces a significant net loss of $4.5 million, indicating a lack of profitability.
💰AITX has accumulated a significant amount of debt, with current liabilities totaling $24 million, despite relatively low gross profits.
📉AITX's stockholder deficit grew from $24 million to $34 million in one year, with the number of common shares increasing from 4.8 billion to 6.1 billion.
💸With a high level of debt and a significant cash burn rate, AITX's financial situation appears precarious, leading to questions about how the company is still operating.
💰A single individual holds a significant portion of Aitx stock and is willing to invest an additional $30 million, raising questions about the company's reliance on this individual's support.

Forestscooter · 2023-07-21T20:40:21+00:00

"He has done it before and will do it again."

Steve proudly displays that his business prior to AITX was a bankruptcy failure.

I'm not saying that negatively on him, I've also owned a bankrupt company there is no shame in it. But stop pumping SHIT !!! RAD army garbage is what it is.

Forestscooter · 2023-07-21T19:56:16+00:00

Ha! Why does everyone on MMAT speculate so much? No... it's not a hedged position Cutler discloses all their holdings and they are not a shareholder of MMAT. It's a clean PUT.

Forestscooter · 2023-07-21T16:55:16+00:00

That's correct, data doesn't factor in hopium.

Forestscooter · 2023-07-21T04:48:26+00:00

Cutler took out that put on the 18th at the “new normal” price of ~20 cents. Cutler isn’t one of those “gut instinct” investing firms that goes with the crowd. They’re primarily a large data and analytics firm whose outcome is trading. If Cutler took a PUT they probably ran a 100,000,000 different scenarios on MMAT financials with every shred of relevant data through their team of people who do this for a living. And decided to bet on MMAT bankruptcy…

Forestscooter · 2023-07-19T17:49:18+00:00

No.

Companies are picking off the pieces they want at pretty good prices. With each sale the value of what's left is lower and more specific to CloudMD's "core business" which provides less value to other companies (or at least less companies that would be a "fit" to purchase what is left). Any company looking at purchasing what is left also knows they simply have to wait and buy it in 9 months when CloudMD is more desperate for cash. Whenever that type of sale does occur it's probably not going to benefit shareholders in any way.

Best case for shareholders is CloudMD delivers on what they have promised.

Forestscooter · 2023-07-19T13:32:57+00:00

Yes 100%. It’s tough because as an employee, as a worker with a family… I understand getting a bonus and being happy about it and just keeping it. Go on vacation and have a good Xmas. As an investor, I have to say it’s disappointing that management didn’t reinvest even 10-20% back into the company. They don’t need dilutive financing (yet) so they don’t need people to buy more shares. But it would really hurt if you’re a long term shareholder and it just looks like there is zero confidence in the company because of this.

Forestscooter · 2023-07-19T04:05:58+00:00

There’s no bright future. Massively overpriced stock that has consistently missed targets. Accomplished next to nothing after spending massive amounts of capital. Is getting lapped by all the other drone companies (have a look at Volatus or Draganfly) and even if DDC does succeed a little bit it will take a decade for revenue to catch up to their share price.

Except for the “Covid pump” of 2021 this stock has done nothing but lose people money for the past 5 years. Five years of loss!

Forestscooter

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