I believe Jason Brown from the brown report and thebrownreport.com is a
scam artist David Jaffee with BestStockStrategy.com. You can go to BestStockStrategy.com
and enter in your email address and receive over $400 worth of
free training materials. In this video I'm going to tell you exactly why I
believe that Jason Brown is a fraud I listen to about an hour or an hour and a
half of his podcasts and I can tell you that the things that I gleaned from
those podcasts include the following. The first is that he encourages you to buy
options we all know that when you buy options the only people who get rich are
the insurance company just like when you go to a casino the only winner in the
casino is the casino themselves. The people who play the games the gamblers
they are the losers and the longer those people play the more money they lose and
in this instance by Jason Brown encouraging you to buy options we all
know that there have been numerous studies which have told us that there is
never a good time to buy options the higher more the more options you buy the
higher probability that you're going to lose your money so by Jason Brown
encouraging you to buy options he's essentially encouraging you to throw
your money out and to lose money the second thing is that he teaches people
he says himself in his podcasts that he teaches people how to read charts we all
know that technical analysis or at least I'm shown on numerous occasions and I've
told people and it's my belief that technical analysis and learning how to
read charts is not a skill that is going to help you learn how to make
money day trading and technical analysis and using indicators and learning how to
read charts is not a valuable skill that is going to cause you to be profitable
in the stock market the fourth thing in his podcast I don't remember exactly
which one but he tells you that it's important for you to buy life insurance
or he encourages you to buy life insurance this is not something that I
would recommend because we all know that some someone
you have to buy it's compulsory all right like there's some insurance such
as on your house or on your car that you have no choice but to buy but insurance
is overpriced by around three or four hundred percent and as I said earlier
that when you buy insurance the only people that you're making rich is the
actual insurance company Jason Brown specifically indicated on one of his
podcasts that he says day trading is quick money but this is false we all
know that your probability of being successful as a day trader is extremely
low in fact I am going to link to a study below that is looked at 360,000
day trading accounts from the Taiwan Stock Exchange and they found out that
the probability of you being successful consistently as a day trader is one in
360 again they evaluated 360,000 day traders and they followed them and only
1000 of those 360,000 actually made money consistently 359 out of 360 people
who day traded are 359,000 out of 360,000 people lost money day trading
the average loss was around 15% now this is where it gets even more interesting
the average winner so the 1,000 out of 360,000 you know how much money they
made 5 percent above simply holding on to an SPY ETF index meaning that if you
simply buy the SPY ETF index and you hold on to it then you are better off
than almost every single day trader and even if you find a day trader that one
out of 300 actually I think in the exact study it says that the top 500 out of
360,000 so the top 500 at 360 thousand day traders they earn 5%
incremental alpha over an index so I mean you're not necessarily like
going out and buying expensive cars and expensive homes by 5% so all these
people who tell you that they're making like 40 or 50 percent by day trading
they're lying to you they are fake gurus and finally it's pretty apparent and it
seems highly likely that Jason Brown has bought and purchased his subscribers on
YouTube he has almost 37,000 subscribers yet his videos get
500 views I don't even have 6,000 subscribers on my youtube channel and I
receive some of my videos have over 30,000 views so it's highly unlikely
that he actually earned his followers and didn't engage in actually purchasing
them because someone who has 37,000 legitimate followers should definitely
have more than four to five hundred views on his videos so let me make sure
that I went over everything so Jason Brown from the brown report it's my
belief that he is a fake but he's a fake guru he encourages people to buy options
he's mentioned that a few times on his podcasts we all know that when you buy
insurance the only people who get rich or the insurance company he teaches
people he said himself but he teaches people how to read charts which I quoted
the study and also day trading does not work he tells you he's indicated that
you should buy life insurance he has quoted that day trading is quick money
which we all know it's not it's been proven through numerous scientific
studies and I think it's even accepted in the in general society that 90% of
day traders lose money that's actually false it's not 90% it's actually
ninety-nine point eight percent or 99.7% percent of day
traders lose money meaning that your probability of actually making even just
five percent above holding an SPY index is 500 well you're not going to
earn above five percent but the the chances of you earning 5% above simply
holding an SPY index are 500 in 360,000
I mean that's pretty bad odds and the other thing is that I mean it seems
pretty evident to me and in my opinion that he's bought his followers and his
subscribers where he has 37,000 subscribers if he has less than 500
views on many of his videos so this is David Jaffee with BestStockStrategy.com
please like comment share and subscribe to this channel if you have any
questions leave a comment below I respond to everyone I'm here to help you
once again if you want free options trading training you can go to best
stock strategy and enter in your email address and receive some of the
best products available I don't teach you how to buy options I teach you how
to sell options because we all know as retail traders the best way that you can
earn consistent and predictable revenue is by selling option premium so that you
turn yourself in to the insurance company and you turn yourself in to the
casino if you have any questions let me know I appreciate your attention
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