Fake Traders and The Real Deal

I’ve been in crypto for many years now. I’ve seen it all at this point and it somehow always blows my mind how many truly dishonest people there are in the space. It makes me feel sick sometimes.

You all know I’ve been truly day trading now for I guess a couple of months? Its been a fascinating road. I started my Bitunix account with $3,350. As of right now, its at $37,576.

I’m now a master trader and I want to sell you my new course! It’s $5,000! Just kidding.

The reality is, I could easily take this history and spin up a course and pretend to be a guru and start selling a course for a bunch of money. Market myself all over and never trade again. What is the reality though?

The reality is, I started my account with $3,350 and began learning. I then got a $14,500 trade bonus from Bitunix because I have some reach and I actually choose to trade on Bitunix because I liked the platform and began promoting them. We ended up talking and they offered a trade bonus to say thank you. I couldn’t withdrawal it, but I could trade with it and pay fees and such. I then began diving into Trade Travel Chill’s Course (because I knew her and I was already reading books about the Market Maker Method.

I traded constantly for weeks. I’d win, I’d lose. I’d win big and lose big, always breaking about even but I was averaging approx $19 profit per trade. I effectively turned that Trade bonus into about the same balance but of my own that I could withdrawal if I wanted. I have also added some of my own additional funds over time. My goal is to establish a $100,000 trade book of which I’m trading only 1% per trade while still actually feeling like the trades are worth while.

Making money in trading is actually easy! Keeping it long term and growing a balance over time is the difficult task.

Most recently, I took a $5k loss on a long that went against me when everything dumped in the Liquidity flush before Powells speech that sent everything back up. Ugh. I was down over $9,000 and thought my account was about to blow up but I stayed in and watched it come back to negative $5,000 the next day and decided, that was a fair lesson in not using stop losses and I took the loss. It was actually good for me. As the market began really pumping I was in yet another Long and the Bitunix exchange got so flooded that it went down. I was FREAKING! I should have made $10k to $20k on my trade in that run. Low and behold, Bitunix investigated my trade over 24 hours and gave me an additional $15k Trade Bonus to make up for my trade getting closed, putting me at where I am now. I’m a break even trader that went from Trash Trading to slowly growing into a trader with purpose and strategy. This is actually pretty good and typical of someone that has been trading a couple of years. I’ve grown to this point in as many months. Not too bad.

Now, are you understanding how being an “influencer” can be used to be very misleading? What if I now did in fact make a course, sell $100,000 of it, risk it all on a 20X trade that actually did well? Now I’m a 7 figure trader with all the answers!

It’s all mostly bullshit!

In all of the years I’ve been in crypto I’ve seen a handful of legit influencers. Many get sucked into the money and the “fame” and they begin selling out, chasing the dragon and cutting corners.

I’ve known Anni of Trade Travel Chill for years now, always watching her Tiktok videos back in the day and messaging her about getting on Youtube to share her talents. She did and shes been doing very well. She gave me access to her course way back and I took it for granted. I just wasn’t that interested in Day Trading as I was a buy low and sell towards the peak guy. However, recently catching the bug to become a true day trader set me off into her course and my God, this woman is more amazing than I initially realized. I am not an affiliate for her course but I am still learning from it and love it. I’ve learned more from her course each week than I have watching random videos from youtubers all over the place. I’m also very active in her Discord community.

Why am I pushing her course so much?

I’ve been reading so many books both manually, and through Audiobooks. I’ve been watching countless interviews on podcasts like Words Of Rizdom and others. I recently watched a video exposing Words Of Rizdom and many of the traders he has on as guests and not only has it just pissed me off quite a bit, it just reinforces why people like Anni are so wonderful.

Rizdom has a huge number of traders on, most of which are not vetted in any way. ICT Traders, SMC, Trendline Traders, you name it, all of whom are selling their own courses for thousands of dollars. What I also learned that is most of them are trading on Prop Firm Simulation Accounts.

A Prop Firm is something akin to Traders Insurance in my opinion but structured to reduce the odds of them ever having to pay you anything. They can be a HUGE boon to a learning trader or a gambling addiction depending on how you use them.

The idea behind a prop firm is, you pay X number of dollars for a Challenge/Evaluation. Each prop firm has their own rules. An example would be something like BreakoutProp.com - they focus on Crypto trading primarily. (If you do end up signing up, use my code: PD4RQW for 2% off your challenges).

This is what I call the rub sheet. Different prop firms have different rules meant to make you fail evaluations. There is an upside, which I’ll get to.

For example, with Breakout, you can buy an evaluation for $110. If you pass it, you get a $10,000 trade account to trade with. If you profit from that trade account, you can request a payout and keep up to 90% of your profit. This is great for people with limited funds, but want to be able to make higher dollar trades without risking their own capital. AMAZING! BUT, you have to pass the evaluation first. For a $10,000 account, you have to buy your evaluation and then turn your evaluation account into profit by $1,000 without suffering a loss of 6% in the process. What they dont tell you is, if you make 3% profit in a day, and then tomorrow you drop 6%, the 6% limit started from your total balance, not the $10,000 you started with. I did an evaluation (two actually) to try them out and see how gimmicky it was). I was up in my trades quite a bit and when I entered a new trade, it started going against me and I thought I had plenty of room because I never got below the $10,000. My account was closed and the Eval was over. I was pissed. The rules say up to 5x leverage as well but I couldn’t find anywhere to change my leverage. There is nothing but your P&L to gauge progress either. There isn’t an indicator that shows you how far along you are or how close you are to failing. This is all by design. They dont want you to pass! If you do, well, then you get a funded account, congrats! If you dont pass, then you have to buy a new evaluation. The bigger the trading account you want, the more expensive your evaluation is. See how this works?

When you get your funded account, its actually still just a simulation account. None of it is real. You’re trading fake money in a simulated system and when you’re at profit, you have to request a payout. The most reputable prop firms pay, some dont or simply just close down because they cant afford to pay because their payouts are larger than the sum of their incoming evaluation fees which is how they make their money. People get addicted to the evaluations or “challenges” as they are called. Maybe they pass one for a $5k account and decide they want a bigger account, and bigger, etc. I’ve seen interviews with traders stating they have spent upwards of $20,000 on challenges because they want to have a 7 figure trading account.

Issue is, you still have draw down limits. I’ve had trades that went against me but at low enough leverage that I let them go overnight hoping Asia session brings me back to life or close and they did. On a prop firm, it would have blown up the account and closed down on me. You have to trade with precision, using stop losses. You have to trade smart.

The pro and con is, the prop firms aren’t there to help you make big money but they could be a vehicle by which you learn specific trade risk management with a reward of large accounts you are able to profit from without risk to your own real money. As long as you know the real deal behind them, you can choose for yourself if its worth looking into.

Now, many of the big wig traders being interviewed on these trader podcasts are proving to be hucksters. They are operating on simulated accounts and claiming how funded they are, but I know for a fact that getting a “Funded” account as someone with some klout and reach is nothing. I was offered a free account, funded to $100k, before I understand what it was all about and how it all worked. It was sold to me with all the love and fluff you’d expect. This is how I found out what these even are. I Will say that Breakout wouldn’t give me shit. If I want a funded account, I have to pass the evaluations like everyone else. I had some UI issues though during my evaluation attempts as well that pissed me off and I’m waiting for those to be addressed before I try another one. I’m only doing them as a learning experience for you guys really. If I pass an eval, I’ll likely use the prop account to counter trade my real account to see what happens.

I found out that Rizdom doesn’t vet any of his guests and all of them are selling extremely expensive courses and I kept thinking to myself, if you’re a 7 figure trader living the big life, why charge so much for a course? I can completely understand wanting to teach people as I learn best by teaching. Teaching others drives me to learn more and more so I have more to teach others, but I couldn’t imagine charging thousands of dollars, or anything at all if I were already very wealthy.

There are very few people I trust in the world, fewer still in the crypto space. I know I shout her out often, but more and more do I grow to love, appreciate and respect the hell out of Anni and the Trade Travel Chill crew. Again, I’m not even an affiliate for her course, she offered and I said no thank you. I am truly just grateful for her knowledge, the knowledge of the Cabin Crew that help the community like Pedro, Casper and others. You can just tell they love what they do and love watching people learn the system and find success in it. The course is cheap by comparison of others.

Just getting through the first phase of the course was 55 lessons and took me two weeks to get though. I haven’t even got to the Masterclasses yet. They publish daily charts in the Discord, answer questions and put out daily videos breaking things down for the day, live private sessions with community members and more. Seriously, it’s not like anything I’ve seen. I’m trying to push this on you as much as I am because I WANT YOU TO LEARN TOO! I want you in her Discord, with me, learning to trade as I am. I’d love to see a lot of folks from my community in her community, all learning together, trading together and helping one another. I dont want to see people getting caught up with fake gurus and nonsense shillers.

I brought you Cardano at a time nobody would. I’ve spent years educating, guiding, trying to be inspiring and igniting about a project I believed would take over the world out of tens of thousands. I think we are going to do very well over the coming months. I’ve been slacking on daily content the past couple months because I’ve been trading, learning, trading some more. I wish I were spot trading ADA the entire bear market up to now. My God, what I would have today….but everything I’m doing now is to prepare for what I need to live and establish myself and my practices for the 2030 market after we peak. I’ll be trading the bear market down and I’d love you with me.

WARGRUM

The Wargrum website is getting consistent and steady traffic and we are working on some fun campaigns to draw in more booster sales to further development. If you haven’t yet checked it out or played it, try it now and see if you like our Alpha. If you do, and can see where we are going with it, pick up some booster packs to support our efforts!

Content

I will begin getting back into a daily content schedule in about a week. Just as an FYI. I’ve been busy and managing a lot of things lately that will be resolved very soon. I’ll explain when I do my next video. I will say that my channel is going to be about two things moving forward. Cardano news and updates, and trading. I’m even considering setting up a new channel where I am interviewing LEGIT, Vetted Traders both in person and via Zoom. I am not happy about everything I’ve discovered about Words Of Rizdom and I believe I can do better for the the viewers.