Microcap Millionaires. Matt Morris

This is a discussion on Microcap Millionaires. Matt Morris within the First Steps forums, part of the Reception category; Microcap trading is going to involve colossal spreads, unpredictable price swings, difficulty getting in due to illiquidity, difficulty getting out ...

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Old Jan 26, 2018, 10:15am   #9
Joined Feb 2002
Microcap trading is going to involve colossal spreads, unpredictable price swings, difficulty getting in due to illiquidity, difficulty getting out (even more serious) due to illiquidity, blocking of online orders of any significant volume forcing you into phone trading with higher costs and possibilities of being trapped in a position, massive slippage on order execution prices, susceptibility to ramping or deliberate pump-and-dump, wild price moves on forum gossip (or lies), inadequate information on company fundamentals, restricted leverage on trades, etc. etc. etc.

Yet its an easy sell because all the promoter needs is to select the one lucky subscriber out of the 5000 losers and have this winner say, quite truthfully, "I subscribed to the XYZ newsletter and I made 589% in one morning on one of their tips".

The difficulties and risks are colossal, the probability of success is tiny.
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Old Jan 26, 2018, 4:47pm   #10
Joined May 2013
Chris Chillingworth is a system hopper.

He contradicts himself. He keeps talking about following system rules and not changing from one system to another.

The guy is currently trialling a third system because the previous systems he sold to his clients did not work for him.

He keeps creating and marketting new systems.

STAY AWAY from this guy.
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Old Jan 27, 2018, 8:37am   #11
 
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Quote:
Originally Posted by wallstreetking View Post
Chris Chillingworth is a system hopper.

He contradicts himself. He keeps talking about following system rules and not changing from one system to another.

The guy is currently trialling a third system because the previous systems he sold to his clients did not work for him.

He keeps creating and marketting new systems.
do you have any evidence/proof of this?

Last edited by Kaeso; Jan 27, 2018 at 7:36pm.
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