Great Stock Pix claims they can teach you everything you need to succeed as a day trader.
Is this a legit place or just another day trading scam.
Well you're in luck..
I've spent the entire day looking at this company and what they're offering.
I'll answer all questions you have about Great Stock Pix in this review.
You'll know if it's worth buying once you're done reading.
Let's get started!
Great Stock Pix Summary
Creator: Mike and Wayne
Price to join: $5250 for course, $499 for lifetime access to chatroom
Do I recommend? No.
Overall rating: 3/5
Great Stock Pix is a pretty typical day trading program.
It's definitely not the worst that I've come across but I still don't recommend.
Day trading is incredibly hard to succeed with and the success rate is less than 1%.
This company likely won't change the odds for you.
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Don't Be Another Day Trading Failure!
The main reason I don't recommend Great Stock Pix is that it recommends day trading.
For some reason day trading really got popular in the last few years - I think it's because of covid lockdowns and everyone was stuck inside with nothing to do.
However, despite the surge in popularity day trading remains the worst way to invest.
It's almost impossible to succeed with day trading and newbie day traders lost over a billion day trading options alone during the pandemic.
Here's a few reasons why I never recommend ANYBODY get involved with day trading:
Full Time Work
One of the worst parts about day trading is you need to treat it like a full time job.
Despite what many online gurus say this isn't really something you can do part time.
As a day trader you will be plugged to your computer for several hours.
The most busy times to trade are the beginning of the day (9 AM Eastern Time) and when the market closes (4 PM Eastern Time).
You'll need to be on your computer during those hours.
Additionally, you'll need to start planning before the market opens and review your trades after the market closes.
All of this work to make a few trades that take a couple minutes to execute.
Is this really how you want to spend your time?
Just looking at patterns on a computer screen all day?
It's boring work and it takes a lot of time.. and usually it ends with you LOSING.
99% Make Less Than Minimum Wage
Go Google what the success rate for day trading is.
I'm sure you'll get a lot of results that say anywhere from 5% to 20%.
Those aren't good odds but they're actually OVERESTIMATING the success rate.
As proven in study, after study, after study, the true success rate for day trading is less than 1%.
Because day trading is a full time job you can only count success as making more than minimum wage.
A massive study in Brazil showed this was extremely difficult to do:
This wasn't the only one either.
An even bigger study in Taiwan shows the same thing:
There's a lot of reasons for this low success rate.
The first is you'll never be able to regularly predict where a stock's price will be a in few hours.
It's no easier than flipping a coin.
The problem is there's many fees involved with day trading that make succeeding virtually impossible.
Each trade can cost up to $100 and the taxes on day trades are higher than taxes on long term investments.
Plus, you're likely going to be paying thousands in tools and chatroom access per year.
There's No Getting Better
One of the most astonishing facts from those day trading studies is you typically can't improve with day trading.
As one expert points out, the more you day trade the worst you typically perform:
So what explains this?
It's simple.. day trading is gambling and not something that you can learn and improve on.
If you walked into a casino 10 times you'd expect to be down money.
If you walked into a casino 100 times you'd expect to be down even more.
And if someone told you they had a secret strategy to win at roulette you'd rightfully be very skeptical.
You should be just as skeptical with anyone who tells you they can teach you how to win with day trading.
These gurus typically claim through technical analysis and chart reading you can win but this is mostly fake.
Don't take my word for it either - trust Warren Buffet:
You Need $30,000 To Day Trade
Another reason I don't like to recommend day trading (especially for beginners) is it requires a good amount of capital to get started with.
If you're day trading you legally need $25,000 in your trading account.
If you have anything less you can't make more than 3 trades a week.
Mike from Great Stock Pix makes more than 3 trades PER day.
The reason most people recommend $30,000 is you don't want your account going under $25,000.
The extra $5,000 gives you a little cushion.
But you need to ask yourself if you're willing to risk that money (or if you have that money).
Most day traders lose all the money in their account and losing $30,000 will hurt most people!
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Great Stock Pix Overview
Overall Great Stock Pix is pretty typical and similar to some other day trading companies I've come across.
Some similar products include:
There's a lot more out there as well.
Great Stock Pix sells two products - a chatroom and a day trading course.
Here's a breakdown of each:
Chatroom ($499 For Lifetime, $399 For Year)
The chatroom is for anyone looking to discuss trades in a group.
Some features of the chatroom include:
- Audio feed of traders sharing their trade ideas
- Daily Q and A
- List of potential trades that could be made through out the day
- Create lists of your favorite traders in the trade room
Pretty much what you get in every other day trading chatroom.
Day Trading Course ($5,250)
Along with the chatroom is a very pricey day trading course.
Here you'll learn trade set ups using technical analysis.
To get an idea of what you'll be learning here's a video from Great Stoc Pix that looks at the daily watch list for trades:
You'll be learning how to read these charts in order to make trades.
The course is about 40 hours in total.
Additionally, you get any future updates and futures courses for free.
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Don't Trust Great Stock Pix Results
One thing I want to point out is the results Great Stock Pix claims aren't actual results.
Basically what they're claiming as results is just completely hypothetical performances.
There's no proof anyone actually made the trade or profited from the trade.
What they're claiming as results are just trades members mention in passing in the chatroom.
Great Stock Pix then posts the highest the stock got during the day and claims victory.
There's no proof anyone even sold at the peak and they don't talk about how low the stock got during the day.
Here's the results they claim:
So the entry idea is just that - an idea.
It doesn't mean someone actually got to make the trade at the price.
Same with the best price section.
The odds of actually selling the second a stock hits its peak every time is nonsense.
These shouldn't be confused with actual broker statements or actual trades that happened.
This is best case scenario and using hindsight.
Additionally, the losers seem to magically be left out of the results page.
I checked the last 100 trades and not one was a loser!
Again, these are all hypothetical and doesn't actually reflect reality.
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Great Stock Pix FAQ's
Still have some questions about this company?
Here's some answers to any remaining questions you might have.
1) Is The Price Fair?
The chatroom price is very fair.
There's plenty of alternative chatrooms that cost WAY more money - like thousands a year.
So to get lifetime access for $499 isn't bad at all.
However, the price for the course is insane.
This would definitely be one of the most expensive day trading courses I have ever come across.
There's plenty of free places you can learn how to day trade on Youtube that are a lot less.
An even better strategy is to just learn how to invest long term and not even bother with day trading!
2) Are The Owners Of Great Stock Pix Legit?
I really don't know.
I couldn't really even figure out the owners last name so I couldn't dig into their past.
Mike has videos showing is trading account and how much money he makes from trading.
I'm always skeptical of these videos and who knows if he has multiple accounts and only shows his winning account.
I don't have proof he's doing this but if he were he wouldn't be the first person to do it!
3) Who Is This Program For?
Again, I don't think anyone should get involved with day trading - the same way I wouldn't suggest someone get involved in professional poker.
But if you're dead set on doing this, there's a few parameters you should meet.
First off, you need to have $30,000 to trade with.
If you want to make more than 3 trades this is a must.
Additionally, you must be comfortable losing that $30,000.
Day trading has an extremely low success rate and most people lose all their money doing it.
So if you're someone that can't afford to lose this money you should stay away from Great Stock Pix.
Additionally, you'll need a lot of time to do this.
If you have a full time job I just don't think there's any possible way you can day trade.
4) What Do Customers Think Of Great Stock Pix?
All the most recent customer reviews I've read about Great Stock Pix aren't good.
One trustworthy place shows that this company only has a 2.3/5 stars:
One thing I noticed is the comments seem to get more negative as the years go on.
In 2010 most of the reviews were positive and friendly.
But in recent years this is what customers have to say:
Things seem to have gone south for Great Stock Pix!
Great Stock Pix Pros And Cons
Great Stock Pix Conclusion
Great Stock Pix is a very typical day trading company.
I've reviewed tons of programs that are almost identical to this one.
From the trading room, to the course, to the hypothetical trades masquerading as real trades..
Great Stock Pix is almost identical to several competitors.
At the end of the day you shouldn't mess around with day trading.
The low success rate is bad and the work you do is even worst.
You'll be staring at a computer screen for hours a day just looking at charts.
It's the worst way to invest and should be avoided by EVERYONE.
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I'd pass on Great Stock Pix.
Nothing personal against them, I just don't recommend anything day trading.
The only way to have success with investing is to invest in the long term.
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