Emmett Moore from
tradingschools.org
did a review of me actually and
my goal here is i want to provide you
with
additional information and some
additional context so
you guys can learn from my experiences
my mistakes
some of the good decisions the bad
decisions that i made etc emmett gave me
a 4.8. 4 stars for cost
and he liked the product so much that he
asked to be an affiliate
i have tremendous respect for emmett and
even though i don't agree with him on
everything such as the stephen duck's
review
i agree and let's go through this review
so i offer a trading signal service the
options trade alerts and
education product he says that the
pricing is expensive
i go the extra mile to help newbies
understand
my method tradingschools.org
put me through a very difficult one-year
performance test
and i performed beyond expectations
so i worked as an investment banker at
cibc world markets i also worked at
petsky brunier
and then the pros and the cons honest
fully transparent patient and kind
teacher
cons do not expect to learn everything
overnight which is definitely true
it's expensive significant capital is
required
yeah i mean i wouldn't say significant
students can
trade spreads as opposed to naked
options
and then a few personal things
so then he goes through the products
it's definitely true that the alerts are
meant for people who have
more than fifteen thousand dollars i get
a lot of people who have
a few thousand dollars and then they
sign up for the alerts for the trial for
a week
or maybe they even do a month but it is
definitely not realistic
for people who have like a two or three
thousand dollar account to
be persistent members of the alert
simply because they're not going to earn
10 a month trading options i mean you
can try
to earn that amount but you're going to
end up losing money by taking too much
risk
then he goes into the lion and the lamb
email
where a lot of people will reject the
lamb
i mean this happens all the time in fact
it just happened
today probably about an hour or two ago
where
where someone sent me this email
two questions can i afford to follow
your trades with a two thousand 000
account does your course help you build
a 2k account into a larger account
the reason i'm asking is because you
have great reviews however a couple of
comments mentioned that if you don't
have a large enough account you can't
make
you can't trade the big money stocks you
mentioned and then i respond by saying
hi no you can't afford the alerts for
two thousand dollars the course will
help you build a small account but the
course itself is almost 2 000.
my recommendation would be to enroll in
the alerts trial but then cancel
immediately after that where you get the
seven days
then perhaps book a 30-minute call or if
you really want take the course
but if you take the course you should
make sure that you're committed because
you don't want to spend 1849
to learn a skill unless you know that
selling premium is what you want to do
you can enroll in the trial here
i receive those type of emails all the
time i probably get about three or four
of them
every week but the fact is that if you
have two thousand dollars and are trying
to turn it into
twenty thousand dollars the probability
of that happening is close to zero
percent
so i don't want people who have
unrealistic expectations
those people who have two thousand
dollars are better off saving their
money
and learning a valuable skill or
enrolling in the seven day trial but
then canceling immediately afterwards
i definitely don't believe that they
should spend more than 10 percent of
their account size on trade alerts
going back to the review i sent emmet
actual verifiable account statements
yup so this is back in 2017
this account had 1.4 i think i actually
posted
a statement that was later than this
i think the last statement i posted for
this account had like
maybe 2.2 million or maybe like 1.7
but actually this is before i started
the the small account
because this account just simply got too
big and
it gave the impression that students
needed to have a very large account in
order to be successful by trading
options
so you can read this in 2019
i had a really really good year the
small account was up around 117 percent
the larger account was up significantly
less than that primarily because i had
to deploy capital
to sub-optimal positions so instead of
only investing and allocating capital to
the a
or the b-plus opportunities sometimes i
would take some trades that were like b
or potentially even c plus and then i
would end up having to roll that
position which would then tie up capital
or sometimes i would even lose a little
bit of money the win percentage
in the larger account was less than the
win percentage in the smaller account
in this video i tried really hard to
show you the full transaction history
from inside the app and then i also
downloaded the tax document from
inside tastyworks now if you look at the
tax document it's not going to show 100
win rate primarily because for the small
account i had to trade a lot of spreads
so as a result all of the long put
options or the long call options that i
bought as protection
we're going to end up showing a loss
however you have to recognize that you
put those trades on as
spreads so if i sell a put and i collect
a dollar 20 and then i buy a put
and receive 40 cents then i still
receive a
net credit of 80 cents if that position
expires worthless
so on the tax document the long put is
going to show a loss
but that trade went on as a spread so
i'm counting that
as a successful trade you can watch that
video if you want it's on youtube
all right so now we get into the
personal history and actually i made a
video on my personal history previously
and i think i'm gonna post it again the
video is a little bit old it's probably
about a year year and a half
so i'm gonna release that video after i
release this one
so i was born and raised in monticello
new york
and monticello even though it was really
poor
my dad was a doctor you know we did very
well my parents were kind of cheap
so i didn't really know where we stood
relative to others
but my dad did very well and
i i loved growing up in the catskills
primarily because it was always
something to do in the summertime you
can go
jumping off cliffs and swimming in lakes
you can play basketball with your
friends
and there's a lot of things to do in the
winter time you can go skiing you can go
tubing
there's just always something to do the
problem is that the area was very
economically depressed and it really did
only have 6 000 people
some of my closest friends are from high
school just so just today august 24th
i had a long conversation and caught up
with one of my best friends from high
school
so my dad was a doctor yep he was an
ophthalmologist but i don't think he
wanted to be a doctor
i think that he really wanted to be an
investment banker but his father
or my grandfather told my father to take
the safe bet
and become a doctor because he might not
succeed as an investment banker
so my dad pushed me in that direction
yep i was rejected by harvard admitted
to cornell
in hindsight i would not have gone to
cornell university if i
could do it again and said i would have
gone to columbia university or
university of pennsylvania and the
reason for that is i definitely would
like to be in a large city because a
large city affords more opportunities
than being in a small town like ithaca
new york so had i gone to colombia
university of pennsylvania i could have
been much more entrepreneurial and
started earning money and started
businesses up
at a very young age because i went to
college at 17 years old
so i was in the applied economics and
management program at cornell which is
in cals
so it's funny the applied economics and
management school actually falls within
the college of agricultural and life
sciences
and there's my diploma so then i went to
wall street
yep definitely ivy league universities
are feeder schools
for some of the best banks i interviewed
at goldman sachs had a final round
interview
interviewed at blackstone interviewed at
cibc
deutsche bank was flown out to multiple
places lincoln partners
in chicago i remember having a very good
interview with them
and lazar rothschild et cetera
so yeah i mean you pretty much i
wouldn't necessarily say that you have
your pick of the litter
but at the same time you definitely are
afforded opportunities
and the primary reason for that is if
you make a mistake as an ivy league
graduate let's say you have
a 4.0 gpa and you're coming out of
harvard or 3.6 gpa coming out of harvard
something like that
let's say you have really good grades
coming out of an ivy league university
if you make a mistake then the person
who hired you is going to have to
answer to why they gave you an
opportunity
and if you had really good grades from a
top-notch institution then they can
point to that and say that
you excelled in college and you
interviewed well but if you come from a
secondary or a second tier
college or university and you don't have
the best grades or even if you have like
a 3.6 from a second tier institution
and then you fail to perform or meet
expectations then it's much harder for
that person who hired you and who gave
you that opportunity
to validate their decision when you have
so many students coming out from top
notch universities who have good grades
and that's one of the reasons why it's
very difficult for students who are
coming out
who are not from top universities to be
given opportunities
and the primary reason for that is that
the person who's hiring you always needs
to make sure that they cover their butt
so yeah i definitely remember that
interview of blackstone that was not fun
ironically one of my
good friends from cornell that i was a
ta with is now a
mansion director at black so he's doing
extremely well khan
he's actually brilliant balal he's
probably one of the smartest kids of
cornell that i
ever worked with we were both tas at the
applied
economics and management program for
professor pedro perez so yeah
i was a little bit cocky and then they
stopped the interview
so cibc world markets the interesting
thing about cibc was
i actually completed all my coursework
at cibc in three and a half years
and i had an offer from morgan stanley
but that offer was going
to start that summer and i wanted to
start early because i just didn't want
to hang around ithaca and just be a
teacher's assistant
for a few months so with cibc world
markets
i called them back and then i
interviewed with them in new york city
and then they gave me a large signing
bonus and then
i actually left campus and then i
actually came back
a few months later to walk so actually i
left school
and started working as an investment
banker at cipc on
february 23rd 2004 which i believe is a
monday
and i actually started working as an
investment banker even before
i officially graduated from college oh
man cibc where marcus was the worst i
remember speaking with carl torillo and
rich pastilli
carl torillo is also a great guy he was
brilliant or he is brilliant
he's extremely successful he's one of
the best analysts that i ever worked
with
very very smart guy life as an
investment bankruptcy obviously was
horrible
i remember working with jeff o'malley
and jeff hasn't been promoted in about
12 or 13 years i think he's now working
at santander
and i'm definitely not surprised that
jeff hasn't been promoted
considering that he was probably the
worst banker that i ever worked with
he was bipolar he was
very abusive towards the junior staff
the analysts and the associates
i remember this apollo deal i was
working with rich basili and brian
cotter on the deal
and paul parhar paul was a nice guy i
actually feel kind of bad because
paul gave me an opportunity and
um we didn't necessarily have the best
relationship but i always
had a lot of respect for paul because he
worked very hard
and he just did a really good job and he
was
he treated people well he treated people
fairly so i definitely
always had a lot of respect for paul so
this is the exact email that brian
cotter sent to paul
so the funny thing about this email was
that brian specifically requested a new
analyst
but they never took me off that deal
and also no one ever mentioned it paul
parhar never mentioned it none of the
managing directors ever mentioned it
brian cotter never mentioned it and at
this point i was ready to quit because i
stayed up for three straight days until
three or four in the morning
i had a ton of stress as well and i
think one of the
things that people discount is it's not
necessarily the hours because
if i was working and i'm just surfing
espn
or i'm not really doing anything
stressful then i can take that i can
stay up
and go on espn and not really do
demanding work but if you're under
a lot of stress in a very demanding
environment and you also don't sleep
then your body just starts to fall apart
and you become extremely
tired and also you become slightly
paranoid
and at this point i was ready to quit so
brian cotter saw this and he just sent
me home
because if he didn't send me home i was
just going to leave anyway
because at that point my body craved
sleep
and it just needed to get away from that
situation so much that i really didn't
care
what he said i was just giving him calm
and courtesy by asking him to leave
but um i would have left anyway so here
are some investment banking stuff it's a
lot of bs
i think the funny thing about investment
banking is that your work really doesn't
start until after the managing directors
and the directors go home so
oftentimes you'll start your work at
about 8 pm
and you'll have to be highly efficient
and during the day you're going to be
doing
a lot of like commitment committee memos
you're going to be turning documents
like one pagers and doing
updating the comps and doing some
comparable analysis maybe working on a
pitch book
but your deep work is going to start
once everyone goes home
yeah i remember i remember some of the
meetings
we were in meetings with a lot of very
wealthy and influential people
and actually it happened at pesky
premier as well we did a lot of deals
with some very successful people
i remember selling innovation ads which
was a company started by michael
lastoria
who owns and pizza and ian gray they
were very young at the time i mean i was
extremely at the time as well
and that was like seed capital for
michael being able to
start some of his additional
entrepreneurial ventures
here's the analysis of various prices
ebitda which is a circuit for cash flow
metallum so what happens here is
oftentimes um we have to use a code name
for the book so this was metals usa and
we called it metallum
because just in case like someone lost
the pitch book then we didn't want to
make sure that there was
proprietary information that was not
public
floating around in the public sphere
yeah i mean they would definitely laugh
at me if i told them that i was using
technical analysis
we had a lot of interactions with equity
capital markets but we didn't have that
many interactions
with the actual traders themselves so
the beginning of the end i got into an
argument
with jeff o'malley so prior to this i
actually told human resources
that i was going to quit unless they
transferred me to another group
and just everything came to a head in
december 2004 and then i transferred
to financial restructuring headed by joe
roducky
in january 2004 then what happened was
because i was so efficient at getting my
work done in the industrial growth and
services group
in financial restructuring it was
completely opposite there just simply
wasn't enough work to do
and i found myself like playing video
games at work and i was getting paid the
same amount
i decided to supplement my income and
become a nightlife promoter
i got the idea from doing this by one of
my friends who was also a cornell alum
his name was chris riccione and he used
to
sign up for a guest list and then bring
me out and i thought that it was the
coolest thing that you can walk into a
club for free
so chris recommended that i become a
nightlife promoter
i never really took it that seriously
initially i just did it as a way to meet
new people
and to meet women but what i quickly
found out was that
so many people are very self-destructive
in nightlife that you can be
incredibly successful in nightlife and
also the money in nightlife is actually
as good if not better than it is an
investment banker
this is really funny my personal
recommendation Mr. Jaffee would be don't
ever submit your dna to 23andme
all right so moving on nightclub so all
night party animal
the funny thing is i actually don't
drink when i started promoting in 2005 i
would get very anxious
because i would be pulled in so many
different directions and everyone would
ask me questions and
i would drink a little bit never to the
point where i was drunk but just
enough where i would be good where i
would be
just calm but as i would immerse myself
in nightlife and i would go out like
four times a week i
didn't need to drink it all so i started
using the drink tickets and the bottle
tickets as
currency for example if someone would
come out and then they would spend like
twelve hundred dollars
i would then comp them a free bottle as
a way of showing my appreciation and
gratitude for them booking their table
through me
and it definitely was advantageous
because i could get them
comp bottles i can get them vip
treatment i can get them the best
the best tables etc so it worked out for
everyone and
the clubs liked working with me because
i generated revenue
sometimes i would sell 30 bottles on a
saturday night
and that's about fifteen thousand
dollars of revenue just
in bottle sales i i will definitely say
and i'm going to touch on this more
in the other video but i made a big
mistake in nightlife where i didn't
establish strong relationships with
people i always consider myself an
outsider
and i never really took nightlife that
seriously i just looked at it as a way
of
meeting beautiful women and making a lot
of money
but i never really i feel like
in nightlife everyone strives
to be relevant and everyone wants to
be something without actually earning it
and for me
the only reason why i was successful was
because i would just outwork everyone
so i couldn't really empathize or relate
to those people
who just wanted to be something that
they're not
for me all the success that i had was
attributed to
hard work and for those people who were
like really fancy
and who tried to lay claim to something
that i didn't believe that they deserved
i would just dismiss those people and
disregard them
and i didn't respect them at all and
this caused some problems
if a club didn't pay me everything that
that they should have or if they were
late with payment or for doorman
would play games and not let some of my
people in then there were a lot of
consequences
because i had a very large email list
because i would put them on blast
and i would tell everyone
on my email list what happened and a lot
of times
promoters would stop working with that
specific club where people would just
stop going to it
all this came at a deep personal cost
after living two years
on the red line of a hedonistic
lifestyle
you know i think i could have done one
but i couldn't have done both
the fact is that with too much stress
and burning the candle at both ends my
body just gave out
i just couldn't deal with it so i
actually quit investment banking
and i walked away from being an icloud
promoter the reason was
i always knew that i could make more
money as long as i was healthy but
at this time i wasn't healthy and i made
a lot of money
in my early 20s and my mid-20s
but i still felt miserable i was
extremely depressed i was sleeping like
20 hours a day
so i didn't really what's the point of
having a ton of money if you can enjoy
it if you're miserable if you feel like
crap
as a result i just walked away i i just
gave it up
and i just focused on myself and i went
traveling
i met some great people i just really
worked a lot
on trying to become healthy again i did
a lot of saunas
went to the gym took a lot of
supplements so i stopped taking any type
of
pharmaceutical drug for anxiety for
depression and i just did everything
natural
and actually i haven't taken anything in
about 10 years
and i feel really good all right so the
hostiles
yeah i like the energy of the hostels i
traveled a lot and i would frequently
stay in hostels just as a way of meeting
people
and some of them were better than others
the problem with hostels was that they
would essentially have to accept
everyone
what i thought i could do in new york
city was replicate that but
be extremely selective and only select
the
best people who i perceived would add to
a positive dynamic
inside the apartment and i got the idea
from staying
at a place in rio de janeiro i think it
was an ipanema it was
i forgot what the hustle was called but
i think it was
below the place like um where the guy
wrote a girl from ipanema or something
like that was really really nice
and i met some amazing people while
staying there and that's actually what
spawned the idea of going back to new
york city and starting it
yeah definitely true at this time airbnb
was just getting started up it was very
controversial there really weren't any
rules
i did both i did the upscale hostels and
i did the
the regular hostels the more budget
hustles
and yeah as i got healthier i definitely
brought things to the extreme
yeah i remember this so this was funny
what happened was um
march 21st 2015 which i believe was a
saturday
the new york city department of
buildings actually snuck someone into
the apartment
and i interviewed this person at
starbucks i was very close to rejecting
them
and obviously i should have and then the
next monday i'm on march 23rd
2015. i remember i was the only person
home at the time
they came at around 12 20
and um they knocked on the door
they had a vacate order and the guys
were really nice to me
they actually sat me down and they said
hey
this is game over you have to shut down
all the units because we're gonna find
them and then we're just gonna get
warrants and break them up
and they told me that i need to find
something else to do
i ask them for six weeks so that i can
wrap everything up
they're human and as long as they trust
that you're gonna do the right thing
then they're not going to come after you
and try to create something out of
nothing i definitely don't think that
they
enjoyed throwing people out on the
street
and as a result they allowed me to fold
up the operations
and within just a few weeks everything
was done
i definitely don't think that it was
smart to open up a nightclub
at this time i was like 10 years older
than i was
in my very early 20s and i just didn't
really enjoy it
in fact i was barely ever there the only
thing i helped with was to book some
events
plus i didn't drink and
plus we definitely made some mistakes
because we opened it up in a residential
area plus i didn't like new york city
anymore and i was starting
to dream about leaving and live
somewhere else
after about a year i realized and
actually i kind of
realized i didn't enjoy it from like the
first few weeks i just didn't like being
there
the weird thing was we actually had an
opportunity to open up a club
in midtown i think it was like 38 west
39th
street it would have been very very
successful
i definitely don't regret it primarily
because i'm really happy
not living in new york city in new york
city people are very stressed out
it's a lot of pressure the city is old
there's a lot of infrastructure
now yeah there are a lot of jobs in new
york city but i wasn't really happy
there
new york city was very good to me but at
the same time it just wasn't
it was just time for a change so then i
moved to miami
yup i was making a lot of money by
trading
but i was really bored i remember
thinking that i can do so much more and
i was actually pretty lonely
because my wife didn't understand
trading and
i was only making about two or three
trades every single week
and the rest of the time i really wasn't
doing anything because when you sell
option premium you don't have to
obsessively watch the price action
so i found myself like just being really
bored
and then my wife actually suggested that
i start beststockstrategy.com
how did i come up with the name i'm not
sure
i felt like best option strategy might
have been better
but i also felt like it's kind of like
the stock market
but i also felt like best stock market
strategy would be too long
all right so then i started best stock
strategy
and similar to investment banking
similar to nightlife similar
to running the apartments
i really didn't think much of it in the
beginning
you know i figured that i would just
have a few students but then it became
very successful
my wife was looking for something
part-time and she made the families
think of going to google
that's funny yeah my wife gave me the
idea
she still reminds me of that all right
that's the end of part one let's start
part two
yeah sometimes i can be arrogant
it's a flaw in mind i think one of the
issues that i have
is i don't respect people
who are self-destructive and i perceive
day traders to be self-destructive and
as a result i can be quite rude
when they leave comments or they claim
to make money
and then i always ask them for their
statements but then they never provide
them well actually that's
that's not true sometimes they do
provide them but they're lying or
they'll send screenshots
or they'll send statements from an
illegitimate brokerage
or they'll send statements that doesn't
actually show that they day trade or
that
they've actually lost money so when i
get so many comments from people on
youtube saying that
that they make money but then when you
ask them for proof they
don't provide it really the only people
who make money
on youtube as day traders they're front
running their subscribers
so they aggregate everyone into a chat
room and then they just
give them an alert and then they just
pump and dump and they take the
subscribers of the followers money
but yeah i definitely agree you know i
can be arrogant
and i apologize for that and it's
something i'm working on
you know and i really don't mean to hurt
anyone so i apologize for that
and you're definitely right all righty
let's go on to part two
