Bullish Bears Review – Scam Or Legit?

Bullish Bears is a day trading community and sell a bunch of courses and services.

They claim to trade with authenticity and heart.

Is this true or all just one big scam?

You'll get an answer to that in this review.

Additionally, you'll see everything you need to determine if Bullish Bears is right for you.

This includes background information, red flags and more.

Let's get started now!

Day Trading Rarely Ever Works

There's a lot of ways to invest your money and day trading is the absolute worst way to do it.

This is the reason I never recommend any day trading courses or programs.

It really doesn't matter what's offered because it's nearly impossible to make money this way.

Here's some mind blowing facts about day trading you should know about:

Success Rate Is 1%

If you were to Google what the success rate for day trading is you'd typically see people say anywhere from 5% to 10%.

But this is actually misleading.

Day trading is like a full time job so you need to make at least minimum wage for it to be a "success."

If you only profited $1000 after a year of work that's failing.

The truth is only 1% of people that try day trading will make more than minimum wage.

There's many reasons for this but it basically boils down to how hard is to guess where a stock's price will be in a couple hours and the fees associated.

There's No Getting Better

Day trading gurus will tell you the failure rate is so high because people aren't learning how to day trade properly.

But this isn't true at all - the opposite is true.

A massive day trading study proves the more you day trade the worst your results are.

This means day trading is a gambling and not a skill you learn.

If you went to the casino 10 times compared to 100 times you'd expect to lose less.

This is the same with day trading.

Day trading gurus will say you can beat the odds by learning technical analysis and patterns but that's all nonsense.

You don't need to take my word for it either.

Here's what Warren Buffet says about day trading:

Day trading is simply flipping a coin expect worst because you have to pay to flip the coin.

An example of this is a man named Eric Ferguson who runs Mindful Trader.

He's a math genius who graduated from Stanford.. smarter than 99.9% of people out there.

He spent years backtesting a trading strategy and got insanely good results with these backtests.

What happened when he actually put his technical analysis strategy to the test and traded live?

He's now down nearly 10% after 18 months:

If someone like him can't do it I highly doubt you can.

High Fees Involved

One of the major reasons the success rate for day trading is so low is there's a lot of fees involved.

Some people do make money day trading but then lose their profits once you add up all the fees.

First, each trade you make can cost up to $100 so you need to trade a lot of money for it to be worth it.

Secondly, the taxes are higher for short term trades compared to long term traders.

If you buy and sell an asset in less than a year you need to pay 28% tax on the profit.

If you hold an asset for more than a year you only need to pay 20%.

Lastly, you need expensive tools to day trade.

You'll need a chatroom, education, technical analysis tools and more.

This typical costs are thousands of dollars per year and it eats into your profits.

It's A Full Time Job

Another massive downside to day trading is the amount of work involved.

This isn't something you can do with a full time job and I think it would be hard to do with a part time job.

Day trading requires you to trade for hours a day right when the market opens at 9:30 AM.

But you'll need to come up with a trading plan beforehand and prepare.

Most day traders wake up much earlier and if you live on the West Coast you'll need to wake up at like 5 AM.

Then you'll need to trade for a couple hours before the market closes.

In the end your day is fully taken up for a 1% chance to make a minimum wage living.

You need $25,000 To Day Trade

If you day trade you're known as a pattern trader.

There's actually a lot of laws that regulate pattern trading and one the biggest is you need $25,000 in your account to make more than 3 trades a week.

Day trading requires you to make a ton of trades per week and if you don't have $25,000 you won't be able to participate.

All these reasons prove the only way to make money with stocks consistently is to invest long term.

If that's what you're looking to do, click below:

Recommended: The Best Place To Get Stock Picks

Some Facts About Bullish Bears

Here's what I was about to find about Bullish Bears:

No Verified Track Record Of Success

Bullish Bears has high quality marketing and like to play up their passionate community.

They have sayings like "pay it forward" and "authenticity and heart" to make you feel like you're in the caring place.

However, none of that stuff matters with day trading.

You're not doing this to feel good about yourself or to be entertained with flashy videos or to feel loved.

You're doing this to make money.

If you want to feel those other things go to Church or volunteer at a homeless shelter.

At the end of the day there's zero proof anyone at Bullish Bears is successful with trading.

There's no track record for you to look at and no return estimates from their trading.

The results they do show shouldn't be seen as accurate.

That's not coming from me either - that's in their own disclaimer:

All their traders have multiple accounts so they can hide their loses.

For example, someone at Bullish Bears could have 4 accounts and be losing with 3 of them.. and only show you the 1 winning account.

It's all smoke and mirrors.

A Lot Of Freebies On The Website

To the credit of Bullish Bears they do have a lot of free stuff on their website.

If you go to the course section you'll see a bunch of free courses that cover a wide range of topics.

This includes day trading courses, options, futures, tutorials and more.

Keep in mind this all part of a larger sales funnel, though.

Once you sign up for a free course you'll be promoted the premium services constantly through emails.

They Make Their Money Selling Services

In the end the people at Bullish Bears make their money the same way all day trading gurus do.. by selling services.

They don't have a track record because they either don't trade real money or aren't profitable traders.

However, Bullish Bears costs a lot of money to run and the owners don't look broke.

They're likely millionaires but it's not from trading - it's from people like you.

Some people will argue this if fine because they're offering high quality services.

Typically I'd agree but not for someone selling day trading services.

Believe it or not there's people who sell courses and books on how to win the lotto.

That's basically the level I would put the Bullish Bears people.

Recommended: The Best Place To Get Stock Picks

What Is Bullish Bears Offering?

Basically Bullish Bears is offering a monthly program that comes with a a trading room, alerts and trade signals.

They offer a free 7 day trial and then after that it's $47 per month.

Here's a brief overview of everything you get:

• Trading Room: The live trading room comes with daily streams, chat, voice, mentoring and is held on Discord. Here you can find trade ideas and trade set ups. Additionally, you can interact with other community members.
• Stock Alerts: The stock alerts are actionable trades Bullish Bears recommends. This comes with both entry prices and exit prices and they focus on large cap companies. Remember, though, there's no verifiable results so you have no clue if these will make you money or not. 
• Trade Signals: Trade signals are different than stock alerts. The signals just let you know when a certain criteria for a trade happens. They don't come with an exit or entry price.

This is basically the entire service in a nutshell.

You'd sign up if you wanted a community of people to trade along and to get help with your trades.

Bullish Bears FAQ's

Still have some questions about Bullish Bears?

Here's answers to any remaining questions you might have:

1) Is The Price Fair?

I don't recommend any day trading course or program at any price because of the low success rate.

However, there's many programs that are much, much more expensive then this.

In many cases there's programs that offer the same thing that cost 10 times more money.

So I do think in comparison to other similar services Bullish Bears is fairly priced.

Also, they offer a free trial so you can try out their chatroom for 7 days before paying.

2) Is There A Refund?

There's no refunds which is disappointing to see.

It's especially disappointing for the yearly plan.

I can see why you wouldn't offer a refund on the monthly plan because you're giving a way a free trial.

But there should be some sort of refund for the yearly plan.

3) Is Bullish Bears Legit?

It depends how you look at it.

They offer a service and have all the legal disclaimers you need to operate legally.

So in that sense they're legit.

But if you're judging them based on helping you actually make money then I'd have a hard time saying yes.

They straight up say to not trust any results they advertise and they all have multiple accounts to hide their losing trades.

If they had a verifiable track record for all the accounts they use then I'd say they were legit.

4) How Much Money Will I Need To Start?

Legally you'll need $25,000 but you'll want more to start.

If you start with $25,000 and go under then you'll be capped at 3 trades per week.

Honestly, you'll need at least $30,000 if you want to day trade.

5) Would You Recommend Bullish Bears For Anyone?

Only for people that want a nice little community to lose money with.

I get the people at Bullish Bears may come off as nice and they're don't charge too much but it's still day trading.

It's just a bad way to try and make money.

Recommended: The Best Place To Get Stock Picks

Bullish Bears Conclusion

There's some things I appreciate about Bullish Bears.

Their prices aren't terrible compared to other programs and they offer free trials.

They also seem to be run by adults and not a bunch of kids like The Daily Traders. 

However, at the end of the day this is still a day trading program.

This is on the same level as getting rich with lotto courses, astrology courses and other illegitimate things like that.

It doesn't matter how much you learn about day trading, the results are the same 99% of the time.

Day trading is a horrible way to invest and I'll never recommend any program that pushes it.

It doesn't matter what's being offered, who the person is running it or anything like that.

Here's A Better Opportunity

I'd pass on Bullish Bears and any other day trading program.

The better investing strategy is to buy stocks and hold them long term.

This has proven to work and you can make serious money doing it.

There's many services that offer stock picks and to see my favorite (which is very affordable), click below: