You probably discovered Scott Bauer for the same reason you might have come across any other financial newsletter, trading service, or investment program:
Because you want more money in less time.
And chances are, you want to quickly multiply the money you do have (as opposed to waiting months or even years to see a decent ROI).
This is a really exciting promise, and it’s probably why the financial publishing and training industry is worth billions of dollars.
The problem is, because the idea of doubling, tripling, or 10X-ing your money in a few minutes to a few days is so enticing, there are a ton of shady characters in this space.
But, putting that aside, let’s say every investing guru and “trading expert” on the internet had the best of intentions.
Even with proprietary algorithms, a room full of supercomputers, and a team of rocket scientists, most of these experts would be lucky to get it right 20% of the time.
Now sure, we’re talking about asymmetric bets here, so theoretically the winners should more than make up for the losers.
But in order to make that happen, you can NEVER miss a trade. With a 20% success rate (speaking optimistically), one missed winner could turn a profitable month into a loser.
That’s a lot of pressure and a lot of stress (not to mention a lot of losing) with not much certainty.
But what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Constantly monitoring your phone for buy/sell alerts
- Obsessively watching charts and movement
- The emotional roller coaster and angst of hoping one winner can cover the last 8 losses
- Gambler’s odds (20% chance of success is worse than the odds of winning at Blackjack)
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day monitoring charts, trades, and alerts?
If that sounds like something you’d be interested in, check out Digital Real Estate.
However, if you’d still like to know more about Scott Bauer, keep reading.
What Is Prosper Trading Academy?
Prosper Trading Academy was established to provide genuine education with a personal touch. According to their site, their expert trading coaches have more than 75 years of experience assisting traders in broadening their trading skill sets.
Whether you’ve never traded before or considered yourself an expert, their programs are meticulously intended to help you expand your skill set in your favorite asset class while also assisting you in branching into new asset classes.
Who Is Scott Bauer?
Scott Bauer is the CEO of Prosper Trading Academy and a frequently featured coach on TD Ameritrade.
He has over 25 years of professional equity and index options experience at the Chicago Board Options Exchange (CBOE), the Chicago Mercantile Exchange (CME), and as a former Vice President/trader for Goldman Sachs.
He is also a well-known market commentator, frequently appearing on Fox Business, Bloomberg, CNBC, and other major financial networks.
Scott earned his bachelor’s degree with honors from the University of Illinois Business School and has taught at both his alma mater and the CBOE.
Scott was the lone market maker on the CBOE trading Amazon.com options in 1997. He has also traded and made markets in well-known companies such as Coca-Cola, Bank of America, U.S. Robotics, Rambus, American International Group, and Delta Airlines.
Inside Prosper Trading Academy
There are a couple of programs inside Prosper Trading Academy. Based on your experience level or degree of commitment to trading, you can choose from the following:
Options Volatility ($499.99)
Learn basic and advanced options theory and perhaps prepare for market uncertainty.
You may use this knowledge in any trading approach, whether it’s time for quarterly earnings releases, trade news, or geopolitical risk.
Penny Stocks ($4,995.00 for three months of access)
Many experienced traders return to penny stocks because of their ability to offer unrivaled returns with just a few picks.
You will learn both basic and advanced risk-mitigation strategies in their penny stock curriculum. Their penny stock gurus mainly deal with short-term plans involving OTC (over-the-counter) stocks.
Short-Term Options ($4,995.00 for three months of access)
Do you want to use short-term options to take a measured risk that could allow traders to profit in up & down markets?
This program from PTA will teach you how to trade options in a shorter period, often entering and leaving trades on the same trading day.
Momentum Stocks (e-book, free download)
Learn the “nuts and bolts” of stock trading. Learn about stocks, including short selling and dividends, and how they affect the stock price.
Learn about the several types of orders you can use to enter and exit markets, automated trading strategies, and trading psychology principles.
Cryptovault Newsletter ($699 per year)
Over the last decade, Bitcoin and cryptocurrencies have presented some of the best investing opportunities.
Learn about the various tokens and their use cases, how to select “best in class” companies from each token category, the fundamentals that drive price reaction, and how to combine this with technical analysis to capitalize on market volatility.
They concentrate on tools to assist you in navigating this newer asset class and making informed investing decisions.
Options Income & Long-Term Trading
Learn all you have to know about trading and managing options like a hedge fund manager.
Whether you’re just starting or a veteran trader, you’ll learn firsthand how to discover options trades, execute them, determine profit targets, and manage your position/risk on every trade.
They’ll teach you how to avoid frequent option trading blunders so that you can win in the long run.
Prosper Trading Academy‘s Foundation Room is a possible source of knowledge for all traders, from newcomers to seasoned veterans.
Here, you may hone your trading skills by going back to basics, or you can find previously unknown ways that could help you become a more consistent trader.
Option volatility theory, approach to basic and specialty stock trading, trading psychology, and instructions on using scanners and algorithms to uncover market opportunities are all covered in the room.
You may participate in daily courses in the Foundation Room, view their greatest trading material, and get real-time feedback on your concerns or questions on nearly every trade.
Can You Make Money With Prosper Trading Academy?
Yes, you can! But you need to spend money to make money.
There’s a lot that comes along with trading that many people struggle with.
Now, don’t get the wrong idea…
It’s not impossible to make money with trading, but if you’re gonna put in the amount of grueling work to do this business (which, trust us, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.
Is Prosper Trading Academy A Scam?
So, is Scott Bauer a scam? Not technically. You can make money with it, but it’s definitely not as easy as he makes it sound.
Again, with any kind of financial product (especially trading), you’re taking on a lot of risk.
Sure, you could hit it big and retire in Italy, but chances are you need the stomach and financial cushion to weather tons of losses before you get there…and it may never happen.
Most of the big gains numbers these companies use in their marketing (“xyz grew by 4,112% in 3 months” or “this option made 324% in just 2 days”) are cherry-picked.
They don’t tell you about the 10 100% losers that came before.
In other words, if you invested $100 into 11 recommendations, you’d lose $1,000, and make back $324…so you’d still be out almost $700.
Most people don’t have the fortitude to stick it out through 3 straight months of losers in the hopes of landing one big winner.
What if, instead, you took those same 3 months, invested just a couple hours a day (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Is Prosper Trading Academy Legitimate?
Prosper Trading Academy LLC is legit.
But, when it comes to building a business, you have plenty of options.
And even if you’re dead set on becoming a trader, you’ve got way better options than Prosper Trading Academy.
Keep in mind, I don’t get paid to promote any of the programs I review. I personally think trading is a great business model, but you could end up leaving way too much money on the table.
What Is My Top Recommendation For Making Money Online In 2023?
The ScamRisk team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Real Estate is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1.It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2.You Own & Control EVERYTHING: With anything in the financial markets, you own and control NOTHING. You have no say in price fluctuations, demand, or what the market will do.
Trying to beat the market is fighting against the tide. There’s just too much working against you, no matter how many supercomputers or rocket scientists are on your side.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3.Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4.Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with any kind of trading or investing, you’d have to double your initial capital OR double the average order size of your existing trades. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
5.Make Money Helping Real People: This part is what makes it all worth it. In the financial markets, you might be helping your family, but the impact never goes beyond you and maybe a few others.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Prosper Trading Academy which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.