Iamadaytrader.com Review

Based on checking the website iamadaytrader.com, it appears to be a platform offering educational programs and coaching for day trading and swing trading. However, a crucial aspect to note for anyone considering this platform, especially from an ethical standpoint, is that day trading itself, particularly in highly speculative markets like futures and forex, often involves elements that align with financial fraud due to the extremely high risk and zero-sum nature of the game, making it highly discouraged. The platform states, “Day trading is a zero sum game, for one trader to profit another trader has to lose, it’s you against other traders and there are some very smart, experienced traders waiting to take your cash.” This inherently speculative nature, coupled with the high probability of loss, positions it in a problematic light.

Here’s an overall review summary:

• Product Offering: Day Traders Fast Track Platinum Program, an online video course, live webinars, and supporting materials for learning day and swing trading strategies.
• Stated Price: $297 originally claimed to be $10,000+.
• Focus Areas: Futures, Forex, and Stock markets.
• Key Claims: Teaches “world’s best day trading and swing trading strategies,” aims to get users into the “5% club” of profitable traders, provides “rules based trading strategies,” and emphasizes discipline, patience, and focus.
• Disclaimers: Includes prominent U.S. Government Required Disclaimers from the Commodity Futures Trading Commission CFTC stating that “FUTURES TRADING INVOLVE SUBSTANTIAL RISK OF LOSS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.” and “SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.”
• Ethical Consideration: Due to the inherently high-risk, zero-sum nature of day trading, where one person’s gain is directly another’s loss, and the strong disclaimers about potential for substantial loss, engaging in such activities is generally considered highly problematic. The promotion of a “get rich quick” mentality, even if disclaimed, coupled with the high failure rates in trading, makes it a risky venture that should be approached with extreme caution, or preferably, avoided altogether. The emphasis on simulated results over actual trading performance further underscores the speculative nature.

While the website presents itself as an educational resource, the very nature of day trading as a “zero-sum game” means it’s a field where money is primarily transferred from less skilled or unlucky participants to more skilled or fortunate ones, rather than creating new value.

This dynamic, combined with the substantial risks involved, means it’s always better to focus on avenues of wealth generation that are based on tangible value creation, ethical investment, and sustainable growth, rather than speculative trading.

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Best Alternatives to Speculative Trading Education

For those seeking to build wealth or generate income through ethical and value-driven means, here are some superior alternatives that align with principles of sound financial management and real economic contribution, steering clear of the speculative pitfalls inherent in day trading:

• Real Estate Investment: Focus on acquiring tangible assets that can appreciate over time and generate rental income. This involves deep research into markets, property management, and long-term vision.
• E-commerce Business: Start an online store selling physical products, digital goods, or services. This builds a real business, creates value for customers, and provides a scalable income stream. Platforms like Shopify or WooCommerce make it accessible.
• Skill-Based Freelancing/Consulting: Leverage your existing professional skills e.g., writing, graphic design, programming, marketing, coaching to offer services to clients. This provides direct value and builds a reputation, leading to sustainable income. Platforms like Upwork or Fiverr can be starting points, but direct client acquisition is often more profitable long-term.
• Content Creation & Monetization: Build an audience through valuable content e.g., blogging, YouTube, podcasting and monetize through ethical means like advertising, sponsorships, direct product sales e.g., courses, e-books, or affiliate marketing of beneficial products. This is a long-term play requiring consistency and value delivery.
• Ethical Stock Market Investing Long-Term: Instead of day trading, focus on long-term investment in companies that provide real products or services, have strong fundamentals, and operate ethically. This is about being a partial owner of a value-creating enterprise, not speculating on short-term price movements. Look for resources on value investing.
• Small Business Ownership: Start a traditional small business, whether it’s a local service business, a product-based venture, or a consultancy. This involves solving real-world problems and serving a community, generating income through legitimate economic activity.
• Digital Product Creation: Develop and sell digital products such as online courses, e-books, software, templates, or stock photos. Once created, these products can generate passive income and provide immense value to buyers.

Iamadaytrader.com Review: A Deeper Dive into the Day Trading Proposition

When evaluating a platform like iamadaytrader.com, it’s essential to look beyond the promises and delve into the underlying mechanics and ethical implications of day trading itself.

While the website presents an appealing narrative of financial freedom and mastering a “skill set,” the reality of day trading, particularly for the average individual, is fraught with significant risks and a high probability of capital loss.

The very premise of the website – teaching strategies for a “zero-sum game” where “for one trader to profit another trader has to lose” – immediately raises red flags for those seeking ethical and sustainable wealth generation.

It’s not about creating value, but about outmaneuvering others in a highly speculative arena.

Iamadaytrader.com First Look & the Inherent Risks

Upon first glance, iamadaytrader.com presents a confident, almost maverick tone, promising to unravel the complexities of day trading. Paylcard.blogspot.com Review

The site introduces Ray Freeman, “AKA Samurai trader,” as a seasoned expert with over 24 years of experience, aiming to revolutionize the day trading industry by creating a network of profitable traders.

He explicitly states that day trading is “not a get rich quick scheme,” yet the pervasive narrative of “financial freedom” and “controlling your future” with a small initial outlay can subtly, and perhaps unintentionally, foster unrealistic expectations.

• The “Zero-Sum Game” Reality: The most critical admission on the site is that “Day trading is a zero-sum game, for one trader to profit another trader has to lose.” This isn’t an investment in a growing economy. it’s a direct competition where capital is transferred. For a participant to win, another must lose.
• High Failure Rate Acknowledged: The website openly admits, “It is a well-known fact that over 85% of traders that open a trading account will never be profitable or worse still will lose some or all of their capital.” This statistic alone should serve as a stark warning. The program claims to get you into the “5% club,” but the odds are overwhelmingly against individual success in this arena.
• Simulated vs. Actual Trading: The CFTC disclaimer highlights that “SIMULATED PERFORMANCE RESULTS DO NOT REPRESENT ACTUAL TRADING.” This is a crucial point. Simulated trading, often touted as a risk-free learning environment, lacks the psychological pressures of real money on the line, which often leads to vastly different outcomes in live trading.
• Psychological Toll: The emphasis on “discipline, patience, and focus” hints at the immense psychological burden of day trading. The market’s volatility can lead to significant stress, anxiety, and potential financial ruin for those who are not exceptionally disciplined or who fall prey to emotional decision-making.

Iamadaytrader.com Program & What’s Offered

The core offering on iamadaytrader.com is “The Day Traders Fast Track Platinum Program,” marketed as a comprehensive blueprint for trading futures, forex, and stocks.

Priced at $297, a significant discount from a claimed $10,000+ value, it aims to attract individuals with the promise of expert guidance.

• Course Content Overview:
  • Video Training: Over 20 hours of “raw, real, direct unedited video course” covering live trading sessions, trade recaps, and Q&A sessions.
  • Strategy Focus: Twelve “rules based trading strategies,” including “Super Scalper,” “Sling Shot,” various reversal and trend-following strategies T1, T2, T3, T7, T10, T18, T19A/B, T20, T25, T69, T89, T98, and EMA bounce strategies 34, 89, 200 Bounce.
  • Indicator Settings: Provides custom indicator settings for popular platforms like TradeStation, Ninja Trader 7 & 8, ThinkorSwim, and MT4.
  • Supporting Materials: Cheat sheets for top strategies, trading affirmations, Excel spreadsheets for compound returns and risk/profit planning, a futures cheat sheet, and a sample trading plan.
• Coaching and Support:
  • Live Webinars: Two live 90-minute training webinars per month, valued at $497, included for free with the program purchase. These cover potential trade setups, platforms, indicators, and market analysis.
  • Email Support: Full email support is offered to members.
  • Ongoing Updates: Promises strategy and product upgrades, ongoing research and development, and weekly Q&A recorded sessions, leveraging a “C.A.N.I.” Constant And Never Ending Improvement concept.
• Accessibility and Audience: The program positions itself for both new and experienced traders, emphasizing that “anyone can learn how to day trade with the right education and coaching,” provided they have “the fire in the belly.”

The program’s structure emphasizes a “simple works best” philosophy, aiming to remove emotional elements from trading through rules-based strategies. Unoclix.com Review

While this sounds appealing, the inherent volatility and unpredictability of financial markets mean that even “rules-based” strategies carry substantial risk, and past performance is never a guarantee of future results.

Iamadaytrader.com Cons

Given the nature of day trading and the claims made on the website, several significant disadvantages and ethical considerations arise.

• High Risk of Capital Loss: The most critical con is the inherent, high risk of losing substantial capital. The website itself states an 85% failure rate for traders. No educational program, no matter how well-intentioned, can eliminate this fundamental risk associated with speculative trading.
• Zero-Sum Game Implication: The candid admission that day trading is a “zero-sum game” means that profits for one trader come directly from losses incurred by another. This isn’t a productive economic activity where value is created. it’s a transfer of wealth within a closed system.
• Hypothetical Performance Disclaimers: The prominent CFTC disclaimers emphasizing that “SIMULATED PERFORMANCE RESULTS DO NOT REPRESENT ACTUAL TRADING” is a major red flag. Relying on hypothetical scenarios to sell a training program for real-money trading can be misleading.
• Psychological Pressure and Stress: Day trading is intensely stressful and demanding. It requires immense discipline, emotional control, and constant attention. Even with “rules-based strategies,” the pressure of real-time market movements and potential rapid losses can be overwhelming for most individuals.
• Time Commitment and Lifestyle: Despite the promise of flexible hours, achieving “master day trader status” requires significant time, effort, and continuous learning, as acknowledged by the 90-180 days “apprenticeship” period suggested on the site. This is a demanding career, not a casual side hustle.
• Not a Replacement for Stable Income: For many, the allure of day trading is escaping traditional employment. However, its volatile nature makes it an unreliable source of consistent income, especially in the early stages, making it unsuitable as a primary financial strategy for most.
• Potential for Addiction: The thrill of wins and the chase to recover losses can lead to addictive behaviors, similar to gambling, which can have devastating financial and personal consequences.
• Lack of Guaranteed Results: Despite the promises of “mastering the art” and joining the “5% club,” there are no guarantees of profitability. The market is unpredictable, and even the most seasoned traders experience losses. The website’s heavy emphasis on “you can do it” might overshadow the extreme difficulty.
• Hidden Costs: While the program itself is $297, actual trading requires capital, and there are broker fees, platform fees, and potential data feed costs not explicitly detailed as ongoing expenses in the program description.

How to Cancel iamadaytrader.com Subscription

The website text does not explicitly detail a cancellation policy for the “Day Traders Fast Track Platinum Program” or a “subscription.” It states, “Your one-time purchase of The Day Traders Fast Track Program is only $297 and includes access to the member’s area…Unlimited access!” This implies a one-time payment for lifetime access, rather than a recurring subscription that would need cancellation.

• One-Time Purchase: The model appears to be a single payment for ongoing access, including updates and webinars, rather than a monthly or annual subscription.
• Refund Policy Unclear: The homepage text does not contain any information about a refund policy. This is a significant omission for a digital product of this nature. Potential customers should investigate this aspect thoroughly before making a purchase.
• Contact for Issues: In the absence of a stated cancellation or refund process, any issues or requests would likely need to be directed via the provided contact information, which is a phone number 42-4413-7665 and possibly email support mentioned for members.

Given the lack of transparent information regarding refunds or clear cancellation protocols for a one-time purchase, potential buyers should proceed with extreme caution and seek clarification directly from the vendor regarding their return or access revocation policies.

How to Cancel iamadaytrader.com Free Trial

The website does not mention a “free trial” for “The Day Traders Fast Track Platinum Program.” Instead, it offers a “Free EBook” and “Training Manual” for download as a “first step.” Translationsworld.info Review

• No Explicit Free Trial: The main program, “The Day Traders Fast Track Platinum Program,” is presented as a one-time purchase of $297, not a trial that converts into a subscription.
• Free Resources: The “Free EBook” and “Training Manual” downloads are standalone free resources and do not appear to be linked to a trial period that requires cancellation. Users simply download them.
• Opting Out of Communications: If users provide their email for the free EBook or manual, they may receive marketing communications. To “cancel” or stop these, users would need to use the unsubscribe link typically found at the bottom of such emails, adhering to standard email marketing practices.

Therefore, there isn’t a “free trial” in the conventional sense that would require a cancellation process to avoid charges.

The free offerings are simply downloadable resources.

Iamadaytrader.com Pricing

The pricing structure for iamadaytrader.com is straightforward, focusing on a single, one-time payment for comprehensive access.

• Day Traders Fast Track Platinum Program: The core product is offered for a one-time investment of $297.
• Claimed Value: The website heavily emphasizes that this program is valued at “$10,000 plus” including “Coaching-Mentoring-Training.” This high initial value is presented to highlight the perceived discount.
• Included Benefits: For the $297, members receive:
  • Unlimited access to the member’s area.
  • Free indicators for various trading platforms TradeStation, Ninja Trader 7/8, ThinkorSwim, MT4, or custom indicator settings for other platforms.
  • Full email support.
  • Strategy and product upgrades.
  • Ongoing research and development.
  • Weekly Q&A recorded sessions.
  • Access to 2 bonus live training webinars per month valued at $497.
• No Upsells: The website explicitly states, “I hold nothing back, and there is no upsell, no other products to buy.” This aims to assure buyers that the $297 is the complete cost for the promised content.

While the $297 price point seems affordable for a program claiming such a high value, the true cost of engaging in day trading can be far greater, potentially involving significant capital losses.

The low entry barrier for the educational program should not be mistaken for a low-risk pathway to financial success. Gopostr.com Review

Iamadaytrader.com vs. Sustainable Wealth Building

Comparing iamadaytrader.com’s approach to wealth building with genuinely sustainable and ethical methods reveals a stark contrast.

While the platform focuses on speculative short-term gains, sustainable methods emphasize long-term value creation and responsible financial stewardship.

• Iamadaytrader.com Speculative Trading:
  • Focus: Short-term price movements, rapid buying and selling.
  • Nature: Zero-sum game. wealth transfer from one participant to another.
  • Risk Profile: Extremely high risk of capital loss, often exceeding any potential gains for the average individual.
  • Value Creation: Does not directly create tangible products, services, or economic value.
  • Income Stability: Highly volatile and unreliable income stream, prone to rapid fluctuations.
  • Ethical Stance: Problematic due to the highly speculative nature, often akin to gambling in its unpredictability and wealth redistribution from the many to the few.
  • Requires: Intensive screen time, constant vigilance, high emotional control, and significant stress tolerance.
• Sustainable Wealth Building e.g., Ethical Investing, Business Ownership:
  • Focus: Long-term growth, fundamental value, asset accumulation.
  • Nature: Value creation. investments in businesses that produce goods/services, or ventures that solve real problems.
  • Risk Profile: Risks exist but are generally lower and more manageable with diversification and long-term horizons e.g., investing in strong companies, real estate, starting a legitimate business.
  • Value Creation: Directly contributes to the economy through innovation, employment, and meeting market needs.
  • Income Stability: Can generate more stable and predictable income streams over time e.g., dividends, rental income, business profits.
  • Ethical Stance: Generally aligned with principles of ethical financial practices, contributing to societal well-being and economic growth.
  • Requires: Research, strategic planning, patience, and often a focus on building genuine relationships and delivering quality.

The key difference lies in the fundamental approach: one seeks to extract wealth from market fluctuations, while the other aims to build wealth by contributing real value.

For long-term financial security and ethical alignment, the latter is unequivocally the superior path.

FAQ

What is iamadaytrader.com?

Iamadaytrader.com is a website offering educational programs and coaching, primarily “The Day Traders Fast Track Platinum Program,” designed to teach individuals strategies and techniques for day trading and swing trading in futures, forex, and stock markets. Awngfun.com Review

Is day trading risky?

Yes, day trading is inherently very risky.

The website itself states that over 85% of traders lose money, and it is considered a “zero-sum game” where one trader’s profit comes from another’s loss.

Does iamadaytrader.com guarantee profits?

No, iamadaytrader.com does not guarantee profits.

The website includes prominent disclaimers from the CFTC Commodity Futures Trading Commission stating that “PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS” and that “SIMULATED PERFORMANCE RESULTS DO NOT REPRESENT ACTUAL TRADING.”

What is the “Day Traders Fast Track Platinum Program”?

The “Day Traders Fast Track Platinum Program” is the main offering of iamadaytrader.com, presented as a comprehensive online video course, along with live webinars and supporting materials, aimed at teaching various day and swing trading strategies. Awtomated.com Review

How much does The Day Traders Fast Track Platinum Program cost?

The program costs a one-time investment of $297. The website claims its actual value is over $10,000.

What is included in the $297 program fee?

For $297, members receive unlimited access to the member’s area, free custom indicators for various trading platforms, full email support, strategy and product upgrades, ongoing research and development, weekly Q&A recorded sessions, and access to two bonus live training webinars per month.

Are there any hidden costs after purchasing the program?

The website explicitly states “there is no upsell, no other products to buy.” However, actual trading will incur additional costs such as trading capital, broker fees, platform fees, and potential data subscription costs, which are separate from the program fee.

Does iamadaytrader.com offer a free trial?

No, iamadaytrader.com does not offer a free trial for its main program.

It provides free downloadable resources like an EBook and a Training Manual as a first step. Partybag.ie Review

How do I cancel my subscription to iamadaytrader.com?

The program is presented as a one-time purchase for lifetime access, not a recurring subscription.

Therefore, there isn’t a cancellation process in the traditional sense for a recurring charge.

For any issues or requests regarding access, you would need to contact their support.

Is there a refund policy for iamadaytrader.com?

The website’s homepage text does not mention any specific refund policy.

Potential customers should inquire directly about their refund terms before making a purchase. Gener8poweruk.com Review

Who is Ray Freeman?

Ray Freeman, also known as “Samurai trader,” is introduced as the founder and lead trainer of iamadaytrader.com.

He claims over 24 years of experience as a trader and aims to coach new and experienced traders.

What trading markets does the program cover?

The “Day Traders Fast Track Platinum Program” covers strategies for trading futures, forex, and stock markets.

What kind of strategies are taught in the program?

The program teaches 12 “rules based trading strategies,” which include trend following, trend continuation, counter-trend trading, breakouts, reversal points, and EMA bounce strategies, along with specific named strategies like T1 Super Scalper, T2 Sling Shot, T10 Money on the floor, and others.

Does the program provide trading indicators?

Yes, the program provides free custom indicators for TradeStation, Ninja Trader 7/8, ThinkorSwim, and MT4 platforms. Smartteam.site Review

For other charting platforms, it provides custom indicator settings.

What is the success rate of day traders, according to iamadaytrader.com?

Iamadaytrader.com states that “over 85% of Traders will fail within 6 months of opening a trading account.” The program aims to help users join the “5% club” of profitable traders.

Is day trading suitable for everyone?

No, the website explicitly states that “Day trading is not for everyone.” It emphasizes that success requires significant patience, discipline, and focus, and it is a demanding profession.

How long does it take to learn how to profitably day trade, according to the program?

The website suggests allowing a minimum of 90 to 180 days for what it calls an “apprenticeship or internship” to learn how to profitably day trade.

Are the strategies taught in the program based on real trading?

The website mentions “20 plus hours of live recorded trading sessions” as part of the course content. Yourweellness.com Review

However, the CFTC disclaimers highlight that “SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS.”

What is the ethical concern with day trading as described by iamadaytrader.com?

The primary ethical concern stems from the description of day trading as a “zero-sum game” where “for one trader to profit another trader has to lose.” This speculative transfer of wealth, combined with the high stated failure rate, raises concerns about its alignment with value-creating, sustainable economic practices.

Why is ethical investment considered a better alternative to day trading?

Ethical investment, such as long-term stock investing in companies that produce real goods and services, or investing in real estate and legitimate businesses, focuses on creating tangible value and contributing to economic growth, rather than engaging in speculative activities where wealth is merely transferred between participants, which is often akin to gambling.

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