Scott Bauer seems to be a genuine individual. It was in 1992 that he first started trading on the CBOE.
As a result of his success, he was promoted to Vice President at Goldman Sachs. The TD Ameritrade Network and CNBC are among the many networks he’s featured often.
And, unlike other trading gurus I have the opportunity to review, he doesn’t exude the same shyster aura.
But…is he the best person to teach you six-figure income trading? Should you join Prosper Trading Academy?
Now before I say anything else, I want to be totally up front here, so…
If you’re like most of my readers, you came across Prosper Trading Academy for one main reason:
You want to make more money than you currently make by leveraging your existing resources.
Maybe you’re even looking for a quick turnaround on some of your cash instead of waiting years or decades for it to double.
Well, you’re in good company – who wouldn’t want all of that?
There’s one thing you need to watch out for though: legitimate scammers.
The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space.
But for purposes of this review, let’s assume these people had the best of intentions.
Even with the most sophisticated systems out there, most experts barely manage to get it right 10% of the time…
Obviously, there’s an argument to be made that 1 winning bet can outshine 10 losing ones…
But if you mess up and miss a trade even one time, your month can turn sour pretty quickly.
Suffice to say, there’s a whole lot of stress & uncertainty.
Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into.
But what if you could build a different income stream, and start seeing profits within your first few days?
I’m talking about a system that doesn’t require:
- Obsessively checking your phone and charts
- The emotional turmoil of loss after loss, waiting for that win
- Glorified gambling
Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it, without spending every waking hour watching for alerts and pouring over charts?
If that sounds interesting, you might want to think about becoming a Digital Landlord.
If you wanna see what Prosper Trading Academy looks like on the inside, keep reading.
What Is Prosper Trading Academy?
The purpose of Prosper Trading Academy is to deliver a high-quality education with a focus on individual attention. According to their website, their trading instructors have more than 75 years of expertise in helping traders improve their trading abilities.
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 a regular guest on TD Ameritrade as well as the CEO of Prosper Trading Academy.
A former Goldman Sachs Vice President/trader, he has over 25 years of professional equity and index options expertise at the CBOE, the Chicago Mercantile Exchange, and the Chicago Board Options Exchange (CBOE).
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
Prosper Trading Academy offers several different courses. There are a few options to pick from, depending on your level of skill or dedication to trading:
Options Volatility ($499.99)
Get familiar with the fundamentals of option pricing and potentially prepare for market volatility.
Use this information in any trading strategy for quarterly earnings announcements, trading news, or geopolitical risk.
Penny Stocks ($4,995.00 For Three Months Of Access)
When making money in the stock market, penny stocks are a popular choice for seasoned investors.
Students study fundamental and advanced risk-mitigation techniques in their penny stock course. Rather than long-term investments, their penny stock experts focus on trading penny stocks over the counter.
Short-Term Options ($4,995.00 For Three Months Of Access)
Short-term options may take a calculated risk, enabling traders to earn in both up and down markets.
PTA’s options trading course will teach you how to trade options in a shorter time, typically initiating and exiting transactions on the same trading day.
Momentum Stocks (E-Book, Free Download)
Learn how to trade stocks from the ground up. Stocks, including short selling and dividends, should be studied in depth.
Learn about the orders you can use to enter and exit markets, automated trading strategies, and trading psychology principles.
Cryptovault Newsletter ($699 Per Year)
Some of the finest investment possibilities have been found in Bitcoin and cryptocurrencies during the last decade.
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 need 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 stock 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 me, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.
Are There Alternatives To Prosper Trading Academy?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
Is Prosper Trading Academy A Scam?
Alright, time for the $1,000,000 question: is Prosper Trading Academy a scam?
No, not technically. You can 100% make money with it, but it’s not NEARLY as simple as Scott Bauer wants you to think it is.
You need to understand that you are taking a very big risk with financial products.
So while it’s entirely possible that you hit the big leagues and retire to a vineyard… the path to get there is so stressful, it might just shave a decade off your life… IF you even get there.
A friend of mine actually writes advertisements for one of the largest financial program advertisers in the world… so believe me when I say that most of the “awesome” numbers they use in their ads & landing pages are borderline false.
What they conveniently leave out are the dozens of losing bets and trades that came before the big win you’re reading about.
Now, most people don’t have the emotional bandwidth to stick out 3 months of back-to-back losses before (hopefully) getting a big win.
I’d rather use that 3 months of work (in my spare time) building Digital Rental Properties, and then collect a handful of nice little $500-$2,000 checks every single month afterward (AKA passive income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).
You can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is a laptop and an internet connection.
Some of my friends are Digital Landlords that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is My Top Recommendation For Making Money Online In 2023?
I’ve personally tried all of the major online business models:
- I’ve traded crypto & purchased a bunch of fancy “insider stock tip” newsletters
- I’ve sold fidget spinners through Amazon FBA
- I’ve dropshipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.
1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2) You Own & Control EVERYTHING: When it comes to the markets, nothing is in your control. You have zero influence over market-shifting macro-economic trends.
The number of people that have ACTUALLY beat the market consistently can be counted on one hand.
Why pour your soul into a business that you realistically have zero control over?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.
3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income in the markets, you would need to make twice as many winning trades, or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call.
4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself. There is a loser on the other end of that trade.
But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at programs like Prosper Trading Academy, which might make you money if you luck out.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.