Luke Holmstrom is the creator of Funded Profits Trading Academy. “If you wanna make a full-time income as a part-time trader,” he says, “I can help ya overcome two of the biggest hurdles that I see every new trader struggle with.”
“Number one, knowing how to make consistently profitable trades. And number two, knowing how to trade without risking a single penny of your own capital,” he says.
Too good to be true? Let’s find out.
Read on for my review of Luke Holmstrom’s course.
“Now, before I tell ya how to get over these two big hurdles,” he continues, “let me tell you a little bit about myself.”
“Over the past few years, I’ve consistently beat the market and made reliably profitable trades. I’ve been able to make $10- to $30 grand a month by trading and only putting in a couple hours of my time per day.”
“To make six- or multi-six-figures a year as a day trader, you only need to make one or two trades per day. Many people think that you need to make hundreds of trades per month.”
Not only is that false, but having too many open positions only complicates things and causes you to make more mistakes.
Luke only focuses on a couple of stocks of indices at a given time. In his experience, simple is always better.
Also, he always closes out his positions daily.
Plus, he only trades during the most volatile hours of the day. This allows him to go to bed at night, not stressing about what might happen to his account by the time he wakes up in the morning.
And by trading during peak activity, he doesn’t need to be glued to his computer all day. He can accomplish more with fewer hours worked.
Yes, there’s risk involved. Without risk, there’s no reward, right?
But what Luke wants you to understand is how to properly set up your risk-to-reward ratio. Finding a winning stock or index? Anyone can do that. It’s optimizing risk/reward that’s difficult.
And that’s one of the main things Luke’ll help you with inside his program.
“If you’re not careful,” he warns, “one big loss can eat away all your profits. I personally like to have my ratio at a 1-to-5. This means that for every $1,000 that I risk, I have the potential to make $5,000 back.”
“And with this approach, even if I make two bad trades in a row, on my third, I’ll make back all my losses and actually be put ahead.”
“And this is just one of the ways that I set myself up for success; and you can do the same.”
Okay, but what about that other problem: not having a big enough bankroll to trade with?
Luke claims there’s actually companies out there who’re willing to back you with $100,000 or more to trade with. They take all the risk; you pocket a majority of the profits.
Now you can make bigger moves without the stress, knowing that even if you do quote-unquote get rekt, it’s not technically your money.
Anyways, Luke started helping some of the homies make money trading. Word got around. Other people started hitting him up, like, “Dude, what are y’all doing? Can you teach me?”
And, well, here we are.
“If you’re serious about wanting to trade,” Luke says, “and getting the chance to live life on your own terms? And not having to work a job you don’t like? Then this opportunity may be for you.”
“Currently, I’m only accepting 12 people to come with me for the next 90 days to learn how to become a successful day trader.”
“Now, like anything in life, results are not guaranteed.”
“But I will give you access to my trades so you can copy and paste them.”
“And I’ll introduce you to companies that’ll give you up up to $100k to trade with,” he finishes with.
I didn’t hear anything about cost or how he makes money in a down market.