Enlightened Stock Trading is the newest trading program that promises to make you rich.
It's run by Adrian Reid.
If you're here I'm guessing you want to know if it's a scam or not.
That's what this review will answer.
Below you'll see everything you need to know about this program including what you get, who the creator is, any red flags about the program and more.
You'll know if Enlightened Stock trading is right for you by the time you're done reading.
Let's get started!
Enlightened Stock Trading Summary
Creator: Adrian Reid
Price to join: $597 per month
Do I recommend? No!
Overall rating: 2/5
Enlightened Stock Trading doesn't have much going for it.
The price is insanely high and will make profiting really hard once you subtract the cost from your gains.
Adrian offers zero proof he's an actual successful trader.
He just shows back testing results that are completely hypothetical and not real.
If his system was so good he'd be showing off his real results.
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Everything You Need To Know About Enlightened Stock Trading
There's a lot to unpack with the Enlightened Stock Trading program.
Before we get into what's being offered let's take a look at some background information.
It's Run By Adrian Reid
Adrian Reid is the creator of Enlightened Stock Trading and he doesn't have a traditional background in finance.
Instead he claims he's self taught.
Before becoming a trading guru Adrian was a business analyst for various companies.
This includes Deliotte Consulting, A.T. Kearney and Johnson and Johnson.
However, Adrian claims he developed a trading system that allowed him to quit his job and focus on stocks full time in 2012.
Adrian Is A Mechanical Trader
There's many ways to trade stocks and Adrian is a mechanical trader.
A mechanical trader is someone that follows a very rigid set of rules and doesn't deviate from them.
Typically the system relies heavily on indicators and technical analysis.
A mechanical trader believes price movement is predictable and stocks follow predictable trends.
They create rules to capitalize on this and trade without emotion.
Also, a mechanical trader will have various risk management rules.
This prevents them from losing too big on trades and to cut loses early.
I would always be suspicious of someone that relies solely on technical analysis to make a trade, though.
Don't take my word for it either.
Here's what Warren Buffet has to say about technical analysis:
There Will Be Day Trading
Another thing that makes me skeptical of Adrian is he recommends day trading.
Sometimes he recommends holding a stock for week or months but a large part of his method seems to be day trading.
In one of his videos he even mocks people that hold stocks for years saying it's a foolish way to invest (it's not).
The problem with day trading is it's the ABSOLUTE worst way to invest money and it's not even an argument.
Study after study shows only about 1% of people make more than minimum wage day trading:
Someone like Adrian will tell you day traders fail because they don't have a plan or their risk management isn't good.
But that's bull crap.
You simply can't get guess where a stock's price is going to be in a day based on charts or technical analysis.
Technical analysis has almost become like astrology in its absurdity.
No Track Record Of Success
Adrian claims he's been trading for over 18 years and has been a full time trader for 12 years.
However, he offers no proof of success anywhere on his website.
He just alludes to making 7 figures but doesn't show account statements or anything like that.
There's one rule I have about the internet - never believe a thing anyone says without actual evidence.
Instead of results Adrian shows his back tested results which is basically make believe results.
Back testing just looks back on previous trades a trader never made and counts them as wins.
Back testing is simply hypothetical and isn't the same as trading in real time.
For example, another trading guru over at Mindful Trader back tested a trading system and had awesome results.
However, since he's been trading his system live over two years he's down 17%.
So don't confuse fantasy back testing results with real results.
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Adrian's Ten Commandments
Adrian has ten trading commandments he preaches.
He believes if you follow the 10 principles below you'll become a successful trader.
Here's an overview of each one:
1) Learn The Language
Adrian believes you need to learn the lingo of traders before you can have success.
He thinks this will help you learn faster and become a better trader - plus you'll be able to spot scams better.
2) Use System
This is pretty predictable coming from someone like Adrian.
His entire trading persona is mechanical and he believes in strict trading rules.
Also, he selling a trading system so why wouldn't he recommend one!
3) Use An Approach That Suits You
This is another common sense commandment.
You should use trading systems that suit your personality and life.
If you're pressed for time trying to day trade for hours a day likely won't work too well for you.
4) Trade With Positive Expectancy
This one is a little confusing.
Adrian believes you should expect to get a return on every dollar you invest.. duh lol.
I don't think anyone trades expecting to lose money.
Maybe I'm missing something with this one.
5) Preserve Precious Capital
You need money to be able to trade.
Adrian recommends protecting your account so there's always money to trade with.
6) Reduce Your Risk
This is a risk management principle.
Adrian recommends not betting more than 1% on any single trade because one big loss can ruin your account.
This is also the downside of day trading.
You can't make it big off one trade because stocks don't move enough in a day to get rich.
But you can get rich off a single investment.
Apple is up 114,000% since going public!
That means a $1000 investment would be worth over a million today.
7) Write Your Plan
This is another commandment to take away emotion from you trading.
If you write out a plan you're more likely to follow it.
8) Diversify Multiple Ways
Adrian recommends using multiple trading systems and strategies to make sure you diversify.
9) Eliminate Mistakes
Another common sense principle.
Learn from your mistakes and eliminate them from your trading system.
10) Stop Searching
Lastly, Adrian claims there is no perfect trading system so stop looking for one.
Instead work on yourself as a trader instead of always looking for the next strategy.
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What Is Enlightened Stock Trading Offering?
There's two different trading programs available at Enlightened Stock Trading.
The first is a stock trading program and the second is a crypto trading program.
Here's an overview of both of them:
The Trader Success System ($597 Per Month)
The first program is The Trader Success System.
With this service you get:
- 6 trading systems when you sign up
- 1 new trading system a month
- 3 live coaching sessions a month
- Back testing support
- Weekly trading workshops
- Live trading system walkthroughs
- Library of online trading courses
- Trader psychology course
- Trader community
There is a lot to this program and more than most trading services.
Crypto Success System ($3,497)
Adrian also has a crypto program.
Here's an overview of what you get:
- 6 module trading course
- 7 trading systems
- Community and support
- Crypto guide
This program doesn't offer nearly as much as the trading system.
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Enlighted Stock Trading FAQ's
Still have some questions about Enlightened Stock Trading?
Here's answers to any questions you might have?
1) Is The Price Fair?
This is one of the most expensive trading programs I have ever seen and honestly might be the most expensive.
There's no need to pay this much money to learn trading or crypto.
Another thing to keep in mind is every dollar you pay to Adrian is a dollar you start in the red.
So if you're in the trading program for a year you're paying $7164!
Good luck climbing out of that hole.
2) How Much Do I need To Start?
There's a few things to consider.
First, if you're day trading in America you need $25,000 legally.
I'm not familiar with Australian rules but from I've seen there is no minimum like there is in America.
HOWEVER, because the cost of the program is so much you'll need to trade a lot to profit.
If your goal is to make this become a full time job you'd need to make at least $5000 a month.
And to hit a number like that you'd need to be trading hundreds of thousands of dollars.
Remember you're not trading more than 1% of your account on any trade.
Adrian was already making 6 figures with his business analyst job before trading.
So he had a lot of capital to begin.
3) Is There A Refund Policy?
Yes you get 30 days to get your money back which is standard.
You won't really be able to test if the training works in 30 days, though.
That's not nearly enough time to learn how to trade and make money.
So you'll just be able to see if you like the training and stuff like that.
4) Is Adrian Reid Legit?
Can't really tell for sure.
He's definitely a sharp guy and I have no doubt he's a capable person.
But plenty of capable, smart people fail at trading (especially day trading).
I've seen Stanford math geniuses fail at day trading.
In the end Adrian doesn't show his trades or how much he's made over the years.
There's really only one reason I can think of why he'd not show his results.
5) Are There Similar Programs?
There's a million of similar trading systems out there.
Some I've come across are:
- Trade and Travel
- True Trading Group
- Humbled Trader
- Invest Diva
- My Investing Club
- Photon Trading
- Wyse Trade
And more. Not shortage of trading gurus out there.
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Enlightened Stock Trading Pros And Cons
Enlightened Stock Trading Conclusion
I've reviewed a lot of these programs over the last couple of years and haven't quite seen one as expensive as Enlightened Stock Trading.
The point of doing this is to make money right?
Well good luck doing that when you're paying over $7000 a year for this program.
There's many fees involved with the trading Adrian recommends too.
A single trade can have costs as high as $100 and then you have to pay taxes on anything you make.
Add in the fact you'll need to pay for charting tools and other services.
The odds of you making money are very slim.
There's a reason most day traders fail and lose money.
It's the worst way to invest.
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I'd pass on Enlightened Stock Trading - there's zero proof Adrian is successful and the price is absolutely insane.
The truth is all day trading programs are bogus in one way or another.
The best way to make money is with long term investments.
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