Top Dog Trading Review – Dr. Barry Burns Scam?

Top Dog Trading is a day trading training program run by Dr. Barry Burns.

He claims he can help you find better entry points for your trades.

Is he telling the truth or is this all just one big scam.

You’ll get an answer to this question in this review.

Additionally, you’ll get an overview of what’s being offered and any red flags that I find.

You’ll know if Top Dog Trading is worth it by the time you’re done reading.

Let’s get started!

Top Dog Trading Summary

Creator: Dr. Barry Burns

Price to join: Depends on product

Do I recommend? No.

   Overall rating: 2/5

The day trading industry is basically a complete scam.

Only 1% of day traders can make more than minimum wage while the average day traders loses 30% of their account every year.

Nothing is going to change that and nothing at Top Dog Trading is going to help you beat the basically insurmountable odds of becoming a successful day trader.

Additionally, there’s a lack of transparency here and no record of successful trading happening.

In the terms of service it’s stated all results are just hypothetical and simulated and not based on actual trading.

Just another day trading program that you should avoid.

Better opportunity: I’ve reviewed all the top places to get high return stock ideas. To see my favorite (which is extremely affordable), click below:

1% Of Day Traders Succeed

There’s a big demand for day trading training for some reason.

But I think it’s because most people don’t understand the truth about this investing strategy.

Day trading is literally the worst way to try and make money with the markets.

It’s proven over and over to be a completely fraudulent money making method.

Studies that have followed hundreds of thousands of day traders have come to conclusion that only 1% of day traders make money.

It basically boils down to it being impossible to guess where a stock’s price is going to be in a few hours.

There’s too many factors involved with a stock’s price movement to develop a system that can account for everything.

Additionally, day trading fees are very high including the cost of tools, training, stock screeners, the cost to execute trades (up to $100) and the taxes involved (28% on all profits made for short term trades).

It’s just gambling at the end of the day.

You’ll probably get similar results if you tried becoming a professional craps or roulette player.

Technical Analysis Won’t Help You

Top Dog Trading claims they can help you find “better entry points” and that they have “secret indicators.”

So the whole strategy here will be based on technical analysis.

Technical analysis is just analyzing a stock’s price movement and looks like the following:

Day traders believe stock prices move in predictable patterns and you can guess a stock’s price if it follow certain patterns.

However, there’s no legitimate investors that believe in any of this nonsense.

No investing bank or billions investor is using these silly charts to make investments.

In fact, the best investor of all time, Warren Buffett, mocks technical analysis regular and had this to say about it:

I promise you if technical analysis worked, people like Buffett and other billionaires would be using it to make money.

Recommended: The Best Place To Get Stock Picks

All Results Are Hypothetical

I know some people will reading my review will get angry.

This happens every time I write about day trading.

People go to the comments and just claim I’m bitter or not successful blah blah blah.

One way Top Dog Trading could prove me wrong is post their day trading accounts and keep track of their trades.

But you won’t find a track record of success on this website.

And that should be a major red flag for anyone interested in this course.

If there were good results they’d post them.

And in the terms of service I found something pretty interesting.

Apparently any results they show are just “hypothetical” and come from “simulated trading” and are made using “hindsight.”

Found in the Top Dog Trading terms:

This means Top Dog Trading looks back on a trade, claims they would have made it and declares that as win.

It’s not real time trading, using real money.

The reason for this is like I said – day trading is basically impossible which is why they don’t have real results to post.

What Is Top Dog Trading Offering?

There’s a lot of different services and products at Top Dog Trading.

However, the products are mainly training or indicators.

Here’s an overview of each:

Top Dog Trading Training

The training at Top Dog works like a series of college courses.

You have your introductory and foundational courses and then you have more advanced courses that you take down the road.

Most of the training ranges from a few hundreds dollars to nearly $1000.

For example, the first trading course covers cycles and trends and is pretty short with only 14 videos.

After that there’s a course on momentum.

Next, you move on to intermediate level training that covers swing trading (buying and selling stocks in a few days to weeks).

Additionally, there’s a day trading course, Fibonacci’s course and candlestick course in the intermediate section.

After this you have the Top Dog Trading Advanced Course and you need to take the first two beginner courses before buying this one.

This course also costs the most at $995.

Indicators

The other type of services being sold here are indicators.

Basically these indicators will help you with technical analysis so you can time your entries.

Like I said earlier, though, no amount of technical analysis is going to help you here.

The idea you can use these charts to predict the best time to buy and sell a stock, all within a few hours, is just silly.

Want Free Expert Stock Picks?

I legally steal expert stock picks and send them to my readers. Click below to learn more:

Top Dog Trading FAQ’s

Still have some questions about Top Dog Training?

Here’s answers to any remaining questions.

1) Who Runs Top Dog Training?

The owner of this newsletter is Dr. Barry Burns.

I’m not entirely sure what makes Barry Burns’ doctorate was in but it doesn’t seem that he’s a medical doctor.

He calls him self a “businessman who ahs owned several small companies.”

After digging into his Linkedin it seems he mostly was a network marketer before turning to trading.

Network marketing is also know as multi-level market, or MLM for short.

Basically Barry makes money recruiting people into his pyramid and makes money of the people below him.

It takes a certain type of personality to succeed with MLM and overall the industry is pretty rotten.

2) What Is The Investing Style?

This is mainly a company that teaches about day trading.

This is by far the worst way to invest money with stocks and I don’t recommend any body get started with day trading.

Besides day trading there’s some services that have to do with swing trading and options.

But it’s mostly short term trading.

3) Are The Prices Fair?

At first it doesn’t look too bad but once you dig into how the courses are structed it seems way too expensive.

Instead of offering just one course with all the information in it, Burns breaks everthything up into smaller courses.

And the courses get more expensive the further your progress.

But to learn everything you need to you need to take all the courses.

This will cost you several thousands of dollars.

4) What Are Customer Reviews Like?

There’s some positive customer reviews about this training but I wouldn’t take any of them seriously.

I searched through them and none of them actually mentioned making money.

Most are from beginners that haven’t caught on to day trading being bogus.

They’re just satisfied with the training and professionalism of Burns.

But in the end making money is the only thing that matters with day trading.

That’s all you’re doing it for.

And I just don’t see any proof there’s a significant amount of Top Trading Dog members actually making money.

Recommended: The Best Place To Get Stock Picks

Top Dog Trading Pros And Cons

ProsCons

• Too expensive: When you add up the cost of the entire curriculum it costs thousands of dollars.
• Day trading: Day trading just doesn’t work despite what the gurus tell you.
• No track record of success: There’s zero proof that Burns is a  successful day trader.

Top Dog Training Conclusion

So that’s the end of my review.

Some people reading this will be angry.

They’ll just say I’m mad that I can’t succeed with day trading.

Every time someone says this I ask how much they’ve made with day trading and they stop responding.

The truth is there’s nothing especially bad about Top Dog Trading compared to other day trading services.

It’s professionally run, the training is well thought out and everything will funtion like Barry Burns promises.

However, there’s going to be something missing from this equation..

You won’t make any real money.

It doesn’t matter how much training you take and how many charts you learn, you’ll never make money investing like this.

You’ll be better of trying to become a professional gambler.

I’d pass on Top Dog Trading and all other day trading services.

The truth is short term trading like this is nearly impossible to succeed with.

The best way to invest is to invest in companies that do well in the long term.

This is how the billionaires do it.

There’s a few services that give out high quality long term stock picks.

To see my favorite (which is very affordable), click below:

Get High Return Stocks!

I’ve reviewed 100+ stock picking services. To learn more about my favorite, click below: