Trader Tom Luong operates Stock Navigators as a trading brand. If you’re considering purchasing one of these courses, you probably want to know if they’re legit.
The purpose of this review is to answer that question. This article will show you everything there is to know about Stock Navigators. It covers the overview of the courses, the cost of the courses, and more.
Who is The Founder of Stock Navigators?
Stock Navigators’ founder, Tom Luong, grew up in Vietnam and fled to the US in the 1980s. As a non-native English speaker, he made a bold move. The stock market became Tom’s focus ten years ago as he sought to make more money.
Tom dedicated himself to discovering the secrets of trading with drive and determination. In pursuit of his new goal, he began a rigorous study program.
Trading and investing were two of Tom’s greatest passions for years. His education cost him over $100,000 and he spent over $30,000 on trading software.
In the end, his focus paid off. As the tech bubble grew, he bought more and more stocks, and their value continued to rise. His experience, however, was short-lived when the tech bubble burst. The late 90s and early 2000s were a time when Tom made a fortune. Suddenly, he lost half that fortune.
Tom, however, decided to come up with his own trading strategy. Since he knew Wall Street professionals were making a killing, he decided to copy their strategies. In other words, he began working on incorporating everything he learned from both his studies and trading into one all-inclusive method of trading.
What Do Stock Navigators Offer?
The courses offered by Stock Navigators cover a variety of trading strategies. Stocks are usually bought and sold fairly quickly in most strategies. It is possible to trade on a day-to-day basis, while others require long-term trading.
Getting profits faster this way is definitely possible, but it is also much riskier. Only 20% of people who try day trading succeed. To trade more than 3 times a week, you must have $25,000 in your account.
Even if you follow the training, you’ll need a good amount of initial capital to trade with.
Last but not least, day trading is a job. Trading requires very precise timing, and in many instances, it needs to be done at the right time!
Below are the offers from Stock Navigators:
Money Zone Trading Challenge ($97)
Stock Navigator’s Money Zone Trading Challenge is designed for beginners. You’ll find this course much less expensive than the one you’ll see next. There is not much you get with this course, but you shouldn’t expect much for such a low price.
Let’s take a look at what you’re getting:
- Trading basics e-book
- Trading Bootcamp training of 3 hours
- An assessment of your trading abilities
- An online community for asking questions and getting answers.
- Training for 3 hours is the main benefit.
Trading is not for people who know nothing about the markets or are completely new to trading.
Expert trader ($4800)
To buy this course, the first step is to sign up and watch an hour-long presentation about Tom’s trading strategies.
You are watching a replay of a webinar, not a live event. Once you have finished this presentation, you will be prompted to fill out a survey. The survey asks for a lot of personal information, including your name, email address, and phone number.
Upon completing the survey, you’ll be prompted to call for a free trading ebook and 1 on 1 strategy session.
During the call, you’ll be pitched on the course and learn the price of $4800!
That’s why the price won’t be revealed until they speak with you in person.
This program includes the following:
- A 60-hour training program covering various trading strategies
- Simulator for practicing trading
- You get to ask questions on three calls a week
- Stock ideas and market analysis
- Private community
Who Is Stock Navigators For?
Two things you should consider before investing in Stock Navigators:
- Initial capital y to trade
- You are serious about trading
First, the expert course is expensive and teaches mostly day trading strategies.
In order to start day trading, you need at least $25,000 to get started.
You can only make three trades per week if you don’t have that in your account.
People who make multiple trades a week will benefit from the strategies you’ll learn in Stock Navigators.
Stock Navigators Refund Policy
The refund policy is really bad, but you can still get a refund. If you want to get your money back, you have only 3 days left!
A 30-day refund policy is generally recommended. For someone to go through training and decide whether it met their expectations, that’s a reasonable amount of time.
3 days isn’t enough time for someone to decide if a course is right for them.
Stock Navigators Pros
Here are the pros of Stock Navigators:
It’s natural to ask questions when you’re learning something new or complicated. In these programs, you can do that quite easily.
If you have any questions, you can ask them in the private community or during the calls you receive.
Stock Navigators Cons
Here are the cons about Stock Navigators:
There is nothing too bad about the first course, but there is something wrong with the second. Training shouldn’t cost thousands of dollars.
You should not have to wait three days to get your money back. In that amount of time, no one can tell whether a course is a good fit.
Lack of strategies for long-term investment
Some training is provided on long-term investment, but most are geared toward day trading. Risky, time-consuming, and costly, day trading is not for everyone.
Stock Navigators Pricing: Are They Worth The Costs?
For what you’re getting, $97 isn’t too bad. The second course, however, is a different story. A course that costs nearly $5,000 is very rare for me to recommend.
There are so many more affordable options available today. You can get free stock ideas and excellent training on YouTube. Mentoring and training can also be very affordable.
Is Stock Navigators or Tom Luong a Scam?
I don’t think Stock Navigators or Tom Luong is a scam.
But you must note that 95% of new traders lose their money and most of them fail to recover the money even in the long run.
Besides, on the official website, they promise you that their strategies will never cause any financial loss to you. In another word, the amount of profit is always higher than the loss.
Is that possible? To say that Stock Navigators can secure the students from loss actually implies that the academy can get access to all kinds of insider information which is exactly not the case.
In fact, no matter how experienced you are in trading, you are still exposed to lots of uncertainties that might blow off your hard-earned money at once.
At the end of the day, Tom Luong’s recommendation or ideas can only serve as a reference for making an investment decision. And you have to bear your own risk in doing stock trading.
Is There an Easier and Better Alternative to Make Passive Income?
Although investing is one of the most popular ways to grow your wealth and give you some passive income, the stock is unpredictable.
Even if you have the tips or insights from the so-called experts like Tom Luong, it doesn’t guarantee you will win in the stock market. Only God knows when the stock price will rise or plunge. You may be able to make some money in a few attempts, but lose it all in the other attempts.
So if you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business online instead.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
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Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
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Where to Join Wealthy Affiliate?
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