If you love to invest in stock and binary options, then you’ve probably heard about Scott Bauer.
Bringing over 30 years of experience in trading, Scott has gained huge popularity through his training sessions and recommendations.
But what’s so special about this guy?
In this review, we’re going to look at Scott Bauer’s history as a trader and find out if his Prosper Trading Academy program is a legit opportunity or not.
Let’s dive right in.
Who is Scott Bauer?
Scott Bauer is one of the most well-known trading gurus in the industry. He started his career in the stock market at Chicago Board Options Exchange, where he worked as a clerk.
Little did he know that his work would lead him to become one of the highest-paid traders in the world.
Trying to find ways to improve his earnings, Scott tried following trade blueprints which are designed by money managers, but they didn’t work for him. As a result, he decided to fine-tune them and implemented new strategies that focus on options trading.
He follows a set of rules that give him an edge over other traders and consistently makes 2-digit to 3-digit profits every month. He trades options for e-mini S&P 500 futures and stocks on both exchange and OTCBB markets..
He has appeared on Fox Business, CNBC and Bloomberg TV to share his insights on trading strategies that are easy to understand yet highly effective at turning profits every day.
What does Scott Bauer teach?
Scott Bauer focuses on how to identify stocks of small companies that are trading below their intrinsic value.
Riding on the idea of Benjamin Graham’s net current asset value, he has found out a strategy that is easy to understand, but requires a lot of patience and knowledge from the investor.
In his Prosper Trading Academy course, Scott will teach you all the essentials of options trading and how even an amateur trader can make huge profits by investing in stocks having low price with high return potential.
This course will also give you the opportunity to earn 5X of your money if you have picks that are right.
Scott Bauer has been using this strategy to earn up to $3,000 per month in his own trading account since 2013, and he has been teaching other people through his courses as well.
The Prosper Trading Academy
Prosper Trading Academy is Scott Bauer’s financial training platform to help investors to sharpen their trading skills.
The training programs at the academy are designed for all different levels of experience so that anyone can benefit from the platform.
The Prosper Trading Academy instructors are seasoned veterans in the financial market with a combined experience of more than 75+ years.
The Scott Bauer’s academy offers educational programs in the following asset classes: equities, options, futures, cryptocurrency and forex.
These programs have different durations based on their complexity and objective. Programs can range from 3-months to 2-years depending on your goals as a trader.
Scott Bauer is the leading coach at Prosper Trading Academy LLC. Other important coaches are:
Charles Moon deals with penny stocks. He provides services to people who are looking for trade stocks.
Before joining the Prosper Trading Academy, he worked at the Great Point Capital LLC as an equities trader. While working at Great Point Capital, he cemented his skills in active portfolio management.
He developed knowledge related to technical analysis, both of which are an important part of penny stock trading. He also worked at a diverse derivatives marketplace, i.e. CME group, as a representative, where he offered many options for risk management in the future.
Moreover, he also appeared on CNN, BNN, CNBC, Fox Business, and Bloomberg Business as a market commentator. .
Mike Shorr gives training related to short-term options trading at the Prosper Trading Academy.
He has worked at CBOT, CBOE, and CME as a derivatives trader. He has ample knowledge of treasury and agricultural markets and has been teaching options theory classes for a long time. His entertaining teaching style keeps his students engaged.
At Scott’s academy, Mike teaches his audience about trading options in a small period of time. He adopts the entering and exiting trade strategy on the same day.
His program also aims to teach options volatility strategies; however, it emphasizes daily options movement to let small traders take advantage.
Scott Bauer’s live training sessions
Trading options can put you on the path to a six-figure income. You need to do your homework and learn the basics of trading options, but they can be an excellent way to increase your trading profits.
On his website, Scott Bauer also offers live training sessions where he shows his own personal trading techniques.
Once you attend one of Scott’s live training sessions, you’ll have an opportunity to ask him any questions about how he trades options
Scott shares everything he knows about trading options and how to make $1,000 per day using options trading. You will learn how to find the right stocks at the right time, which are the best stocks to trade and when to exit the trade.
Furthermore, if you reserve a seat for this training session at least three days before the scheduled date, you’ll receive a recording of the live webinar so that you can watch it again later.
There are three different subscription plans for his training sessions:
The first plan gives you access to a live training session and is worth $29, the other one, along with the live session, also provides access to the trading layout, and it costs $57.
The third subscription plan that offers everything, including live training and recording, costs you $250. If you are not satisfied with the training, Scott will refund you.
Pros & Cons of Scott’s Prosper Trading Academy
- If you don’t have any trading experience, Scott’s training will provide you with a complete guideline, and his insights can be really helpful.
- You are exposed to fewer risks through trade options than trading stocks.
- Due to leverage, you can enjoy more trading options.
- The program comes with a 30-days money-back guarantee.
- You can trade anywhere, and you can use Scott’s strategy on auto-pilot.
- You will have to show up for full training to claim a refund.
- It’s expensive, especially if you’re new to the trading industry.
Is Scott’s course Legit?
So far, we’ve concluded that Scott’s Prosper Trading Academy is a legit program.
There are many students who have taken the course and are making money from it -which means that the training system is working for them.
However, you should check out the student’s feedback before you put your money down for this course.
And remember: The success lies in your willingness to follow what Scott Bauer teaches and implement the learned methods in your business. He has years of experience, but this does not ensure your success.
You need to be consistent, patient and willing to work in order for you to achieve the results you want with using his techniques.