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Mojo Day Trading Review – A Scam in Disguise?

Mojo Day Trading Review – A Scam in Disguise?

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Thank you for expressing interest in this review of Mojo Day Trading. We’d love to tell you nothing but the truth concerning this day-trading school by Michael Rich. You see, Mr. Michael Rich aka ProTrader Mike is a colorful entertainer who has mastered everything there is to know in the world of trading.

He’s got a lot of trading products and services for sale and for subscription. But it also seems that he is very skillful in providing lots of financial entertainment in a stock trading chat room.

He claims to be a professional trader with lots of experience on his back. The problem is that he does not have a success track record, and is not ready to produce one anytime soon.

mojo day trading review

Mojo Day Trading Review: what you should know

We’ve seen a lot of day trading schools on the internet. However, of all these, Mojo Day Trading comes across as the most fun to attend.

But we still need to practice caution here because this Day Trading school is not a place to trust with your hard-earned money. Therefore, we would never bet with our money here. This is because even the chat room is all about fun, nothing special or unique to warrant you to pay the price which ‘ProTrader Mike’ is charging.

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So far, the cheapest product here goes for the price of $99 per month. Can you imagine that ProTrader Mike charges $99 for a monthly newsletter? Most day trading schools give away newsletters for free -us included. Just subscribe to check out any of these products. You will begin receiving our newsletters on a weekly basis.

Away from this, Mojo Day Trading offers access to a day trading room for $99 per month. But if you have $300, you can invest in their Mojo Basic Bundle. This includes one trading course and 1 month access to their day trading room.

And for the cost of $697, ProTrader Mike will sell you Mojo Advanced Bundle. This is a series of courses which emphasize on scalping the markets.

As if this is not enough, Mojo Day Trading is also offering a series of recorded classroom lessons on day trading and indicators for the cost of $1,497.

Ultimately, those with dip pockets can pay $2000 which will earn them access to the so-called Mojo University. This University teaches day trading, swing trading and options trading as well.

From the cost breakdown above, you can clearly tell that Mojo Day Trading is not the cheapest trading school around. This fact actually prompted us to dig dipper and find out whether or not Mojo Day Trading is a legitimate opportunity to learn and earn.

First of all, it’s worth noting that Mojo Day Trading was founded in 2013. It has a strong presence on social media platforms like Facebook, Twitter, YouTube, LinkedIn and even Blogspot.

Now, Mojo Day trading makes a lot of bold statements which smart traders would have a hard time believing. They claim 100% winning trades on their websites.

And now one would ask; ”how come that everyday is a winning day for guys at Mojo Day Trading?” Isn’t losing a part of the game, provided that you’re not losing everything including your initial capital?

What’s inside Mojo Day Trading?

A good day trading room should be transparent. A little bit of fun is also welcomed.

mojo day trading details

Now, with Mojo Day Trading room, transparency is lacking.

The other thing is that Mike is really good at putting a real show. He runs the chatroom like an anchor of a financial news show on TV.

He throws in jokes occasionally and uses colorful language too. He is just too funny to resist. In fact, we could easily give him 9/10 in the department of entertainment. You could never suspect his ill-intent because he is really good at his attention-seeking engagement skills.

This is one hell of a chat room that you’d want to visit in your lifetime. And if you are naive, or suppose you didn’t read this article, you’d easily fall for Mike the Entertainer. However, it is not our wish that you lose money through his hands. If you want to day-trade stocks, just sign up for Tradenet instead.

Reaching out to Mike of Mojo Day Trading

We must admit that the trading educational business is filled with various characters, including funny ones. In this case, Michael Rich is probably among the funny characters in this industry.

This guy is quite funny and also easily irritable. This is according to our judgement based on the manner in which he was replying to our questions.

Mike doesn’t seem to have a middle ground as far as his character is concerned. If you were in our position, you’d have enjoyed this conservation with him.

So when we reached out to him, we wanted to know if he had proof that he was trading. After all, a trading guru who runs a whole business empire like Mojo Day Trading should be actively trading and keeping records too.

The saddest thing is that Mike could not offer anything in the way of proof to substantiate his claims of amazing win rates.

Of course we were not expecting him to provide us with this data because most trading educators in this business simply don’t trade, they teach.

Also, keep in mind that no human or software can trade and win 100% of the time. There is nothing like 100% winning trades.

The point is, it’s shocking to see people falling for these claims. At what point should a sober trader start asking whether trading with 100% accuracy is real? Should a supposed ”trading guru” claim that they trade with 100% accuracy for their followers or would-be followers to trust their prowess?

Anyway, our conversation with the owner of Mojo Day Trading didn’t end here. We had to contact him a second time after receiving a serious complaint from one customer who appeared to have lost an entire life savings.

This email message was really sad. We felt like this person wanted to commit suicide because he had maxed out his credit cards and borrowed elsewhere just to get into trading….. really a bad decision.

Despite his silly decision to get into trading with borrowed money, we felt that what the ‘Chief Executive Officer’ of Mojo Day Trading had done was not fair.

It actually prompted us to write another email to see if we could be lucky this time round. We were concerned with his records of trade performance. At least a professional day trader should not see it as a challenge when asked to produce anything that can legitimize his trade performance. Again, we were not successful for the second time in a row. He gave us some crappy answers.

Our best advice for you

A lot has been said. We wouldn’t want to dwell on this issue for so long.

The point is, we haven’t seen anything that can legitimize his supposed trade performance. If fact, when we hear the words ‘Mojo Day Trading” being mention, we immediately freeze and at the same time laughing when we think of his colorful jokes. This guy is a wild animal in sheep skin. He does not trade anything. Instead, his good sense of humor makes him sell snake oil…. and we promise you that this is a job he understands very well.

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