Scott Bauer seems to be legitimate on the surface. In 1992, he got his start at the CBOE. Down the line, he was promoted to Vice President at Goldman Sachs. He has made numerous appearances on CNBC and Bloomberg, FOX Business, and the TD Ameritrade Network. Unfortunately, he isn’t shy like other trading gurus I have reviewed.
After some research, however, it seems that I might have been mistaken. First, I didn’t receive my quick-start guide when I clicked on Scott Bauer’s YouTube advertisement. It could have been an issue with email delivery. I’ll cut him some slack here.
But it felt a bit of a ruse, because right after I submitted my information, I was greeted with this Options Power Session webcast, which was about to begin in 30 seconds. But as luck would have it, the form had a hell of a time loading, so I wasn’t able to sign up.
To say the least, I’m a bit irritated. Sure, technical glitches occur, but this really is silly. I turned to Google to see if anyone else was having the same problem, and I began searching. I expected to read a lot of positive feedback from Scott’s Prosper Trading Academy pupils.
Given his qualifications, I was still convinced the guy was the genuine article at this point. Regrettably, the majority of what I discovered were criticisms about Scott and his curriculum.
Larry C., a user on the Better Business Bureau (BBB), wrote that he signed up for a one-year contract and paid $2,500. “I signed up for a one-year contract and paid $2,500. I watched, listened, and practiced for three months before I ever put any of my money in play. He [Scott] explains the trade and sends out emails explaining the trade. All very helpful to a novice.”
However, Larry started trading real money despite Scott’s instruction to the T. He explained, “In two months, I lost 66% of [my] money, and somehow nearly every trade was a loser. Even the law of averages says I should break even on a few. Nope. I did get knowledge, but it was far too costly. I could have flipped a coin and done better.” That’s just crazy.
Scott Bauer found out the easiest method to become rich trading was to sell a “how to get rich trading” course (as some Reddit members thought), consequently, these members were overwhelmingly suspicious. But to Scott’s credit, nobody bought Prosper Trading Academy to at least test.
Trustpilot, on the other hand, offered a much better impression. Scott received a perfect 5-star rating from 88 percent of reviewers. However, several of them appeared to be questionable. Names that were likely even made up. There isn’t a profile picture. The only product they’d ever evaluated there was Prosper Trading Academy.
Instead of giving details about how much they made, it was more generic like “Great support!” or “Best Company!” or “I’ve increased my account through their training.”
Based on Scott’s flawed funnel, unhappy students, or the possible planting of some of those Trustpilot reviews? Combine that with the fact it is almost impossible to beat the market? Personally, I would be a bit reluctant to take part in Mr. Bauer’s Prosper Trading Academy.
So, given the nature of Scott’s funnel (which could probably use some work), or the possibility of posting fake Trustpilot reviews, along with the fact the cornering the market is hard as hell, I’m probably going to take a hard pass on Prosper Trading Academy.