The Daily Traders Review (2023): Mark Thomas Scam?

If you’re into financial investments and curious about what it takes to be a successful trader, you might want to join The Daily Traders, a training program that claims to teach you an “organic approach to trading” and help you make money in real-time markets. 

This course delves into the 10% of trading knowledge that 90% of traders might not be aware of. Mark, the instructor, focuses on detailed market analysis, trading options, and risk management, aiming to guide you on the path to becoming a million-dollar trader.

Now, the burning question: Can The Daily Traders really guarantee results, or is it just another scam?

To find out, I’ve spent hours researching The Daily Traders course. And just to be clear, I’m not affiliated with the program, so you can trust that my review is unbiased and authentic.

Stick around until the end of this article, where I’ll also introduce you to a better alternative that has personally helped me generate a full-time passive income.

Below is what I’ll cover in the review of The Daily Traders.

How Does The Daily Traders Help You Make Money?

The Daily Traders is a comprehensive mentorship program designed to help you make money day trading. In this 2,000-hour course, Mark covers various types of trading, including day trading, swing trading, and options trading. Believe it or not, he claims that his program can help participants become million-dollar traders.

According to Zip Recruiter, professional day traders usually make around $34,000 to $96,500 per year, which is about $2,800 to $8,050 per month. Making over a million a year? Well, that’s a goal achieved by only the top 10%. Do you think you can join that elite club right after joining the program? Not really. It takes years of experience and a toolbox full of market analysis skills to reach that level.

Keep in mind that due to the unpredictable nature of markets and other factors, most traders won’t consistently hit their income goals. It’s a rollercoaster with its share of ups and downs.

Learn more: Best Ways to Make Money Online

Who’s Behind The Daily Traders?

Mark Thomas is the founder and lead mentor of The Daily Traders. He kicked off his career by scalping Bitcoin and other cryptocurrencies, raking in significant profits that even allowed him to buy his first car, a Subaru BRZ.

Mark then delved into options trading, eventually making his way to California and becoming the youngest stock market millionaire at the age of 19.

With 113k subscribers on his YouTube channel, The Daily Traders, Mark identified a common issue among traders—confusion with trading strategies. This realization led him to establish The Daily Traders, where the mission is to guide all participants toward financial freedom and a fulfilling trading life.

However, in my view, relying on trading as a full-time gig where you constantly deal with market volatility can be daunting. Investing in stocks involves risks due to market unpredictability.

Even Mark can’t accurately forecast stock price fluctuations.

Having said that, Mark really knows a lot about trading.

In the following video, he shares his journey from being a poor kid to becoming a millionaire trader.

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What’s Inside The Daily Traders?

This mentorship program offers you a complete trading system. It includes 30+ easy-to-follow whiteboard lessons and screen-share videos. There are interactive question-and-answer sessions. You’ll get lifetime access to a vibrant Discord server/community of fellow traders.

Mark also keeps you in the loop with real-time updates on his trades, sharing insights like daily pre-market stock watchlists and market analyses.

Here’s a sneak peek at the masterclass modules:


  • Welcome To The Team
  • How to Join the Mentorship Group Discord Server

Mastering Technical Analysis:

  • How to Correctly Trade Moving Averages
  • A Fresh Perspective on Support & Resistance
  • The Significance of /NQ and /ES

Trading Setups, Patterns & Trends:

  • My Golden Setup
  • How to Trade Breakouts
  • Trading Break of Patterns (BOP)
  • Overbought Pullbacks

Mastering Technical Analysis Part 2:

  • Creating Effective Watchlists
  • Finding & Scanning for Winning Stocks

Mastering Trading Psychology:

  • Trading at Peak Performance
  • Dealing with the Highs and Lows of Trading
  • Self Observation & Revenge Trading

Trade Options Like an Expert:

  • Options Trading Explained
  • Entering an Options Trade
  • Greeks & Options Chain

Mastering Risk Management:

  • My Secret Trading Formula
  • Strike Rate Risk/Reward & Position Sizing

Becoming a Million Dollar Trader:

  • Creating a Trade Journal
  • How to Manage a Trade
  • Setting Goals for Success
  • When To Take Profit or Cut for a Loss

System Execution:

  • Using TOS Risk Profile Tool
  • Creating a Trading Plan
  • Trading Live & Full System Breakdown


  • Conclusion

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Who is The Daily Traders for?

The Daily Traders is for people eager to learn about trading and investing across various financial markets. It covers the specifics of day trading, buying and selling stocks, mutual funds, and building your trading portfolio. The course guides you in analyzing trading patterns and performance insights to craft a successful trading strategy.

Beyond day trading, Mark also covers:

  • Stock Trading
  • Pattern Day Trading
  • Forex Trading
  • Futures Trading
  • Cryptocurrency Trading
  • Swing Trading
  • Margin Trading
  • Options Trading

How Much Does The Daily Traders Cost?

It costs $494 to join the The Daily Traders’s training program “Exclusive Trading Mentorship Group”.

The program gives you lifetime access to digital course materials, one-on-one trainer support, live trading, and review courses.

For additional benefits, you can also consider their upsells…

The Daily Traders Price

Refund Policy

The Daily Traders doesn’t have a refund policy. You should think twice before joining the program.

At the end of the day, you’re not likely to get your money back if it doesn’t meet your expectation. 

Does Mark Thomas Have a Good Reputation?

Mark Thomas seems to have a solid reputation, especially considering his substantial following on various social media platforms like TikTok, YouTube, Instagram, and Discord.

Featured on Cali Post and The Open News, he has garnered attention beyond just his online platforms.

Mark also emphasizes his impressive 489.59% trade gains in 2022 on The Daily Traders’ website, adding credibility to his trading expertise.

Therefore, I won’t label Mark as a scam artist.

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Are Students Getting Results with The Daily Traders?

On the sales page of The Daily Traders, you can find a number of video testimonials.

Student testimonials

However, I can’t verify their identities. It’s easy to pay someone on Fiverr and have them create a video testimonial for your products.

Unfortunately, there are no reviews about The Daily Traders on third-party review sites, such as Trustpilot.

What’s the Success Rate of Day Trading?

Cory Mitchell, a proprietary trader and Chartered Market Technician, once discussed the day trader success rate based on his experience. According to his estimation, out of approximately 2,000 traders who entered proprietary trading firms, only about 4% were successful in making a living from day trading.

“If you want to make a living from day trading, your odds are probably around 4% with adequate capital and investing multiple hours every day honing your method over six months or more.”

Mitchell said early winning streaks might be misleading; consistent month-after-month profits are the true indicators of trading skill. The duration to success depends on income goals, available capital, and strategy returns.

When considering those who made some profit but not enough to live on, he found that the success rate might be around 10% to 15%.

Mitchell also shares his own failures:

“I lost money (small amounts) for four months. Made a tiny bit in my fifth, equivalent to a part-time job in my sixth, a meager livable amount in my seventh, and then it kept going up from there.”

Mitchell concludes that “If you want to make some money on the side, you’ll still need the same dedication, putting in likely many months to refine a method and overcome sabotaging tendencies.”

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Praise for The Daily Traders

  • Extensive Learning Modules: You can discover a wealth of knowledge through The Daily Traders’ comprehensive list of modules, easily accessible on their website.
  • In-Depth Educational Videos: The course includes a staggering 2,000 hours of educational videos. 
  • Legit Coach: Mark Thomas is a reputable coach who has a wide social media presence on TikTok, YouTube, and Instagram, etc. 
  • Thriving Discord Community: You can interact with a massive and supportive group on Discord.

Criticism of The Daily Traders

  • Lack of Credible Trading Proof: Mark Thomas lacks credible proof of his trading experience, as there are no screenshots or evidence showcasing his day trading wins and losses.
  • Limited Online Presence: Mark’s limited information on the internet raises concerns about the depth and breadth of his trading expertise, making it challenging for potential participants to gauge his background.
  • Discrepancy in Masterclass Hours: The masterclass schedule on The Daily Traders’ website doesn’t align with the promised 2,000 hours, potentially causing confusion and raising questions about the course’s content and duration.
  • Misleading Get-Rich-Quick Marketing: The program is marketed as a get-rich-quick solution, which may create unrealistic expectations. The reality is that wealth in trading is typically built over time through a series of small trades.

Is The Daily Traders a Scam?

I don’t believe The Daily Traders is a scam. However, it’s crucial to understand that most new traders—about 95%—end up losing money, and many struggle to recover their losses even over time.

The website claims their strategies prevent financial losses, ensuring profits always exceed losses. But realistically, this claim implies having insider information, which isn’t the case.

Trading, no matter your experience level, involves uncertainties that can wipe out your earnings in an instant.

Ultimately, The Daily Traders’ recommendations are just references for investment decisions. Day trading always carries its risks, and you’re responsible for managing them.

Alternative Trading Programs

Here’re some popular alternatives to The Daily Traders:

  1. Jeff Clark Trader: Jeffrey Clark’s options trading program uses a monthly analysis-driven approach. It offers stock recommendations and research updates. You can enjoy bonuses like trade ideas and a year-long options education program.

  2. VIP Trading Program: Maurice Kenny’s VIP Trading Program is a 10-week coaching program designed to help beginners become full-time VIP traders.

  3. True Trader: Dan Parker’s True Trader course simplifies day trading success with Key Inflection Points (KIP). 

  4. Prosper Trading Academy: This academy offers trading courses led by world-class coaches and Prosper Trading Academy CEO, Scott Bauer. Whether you’re a beginner or experienced trader, you can find the right program for you.

  5. The Swag Academy: You can explore Forex trading with The Swag Academy’s program, featuring easy-to-understand short-form videos and a conversational teaching method tailored for day trading novices.

  6. Trade Genius: Navigate through courses and services covering stocks, crypto, ETFs, and more at Trade Genius. Discover the platform’s best course, indicator, and membership products.

5 Issues with Day Trading

  1. Split-Second Timing Requirement: Day trading demands quick market analysis and the ability to execute high-probability trades promptly and confidently. Managing trades, maintaining discipline, and efficiently handling risk and reward are also essential.

  2. Emotional Challenges: The time pressure in day trading can heighten emotional responses, making it challenging to navigate rapidly changing profit and loss statements.

  3. High Transaction Fees: Engaging in day trading involves multiple positions and fast-paced market activity, resulting in numerous transaction fees.

  4. Inherent Risk: Despite analysis or recommendations, day trading remains risky, with no guarantees. Market conditions can cause stocks, especially microcap stocks, to lose their value or even their entire worth due to vulnerability to market manipulation.

  5. Significant Initial Capital Needed: While there’s technically no minimum requirement, a substantial initial capital, ranging from $200 to $1,000, is typically needed to effectively start day trading. For instance, buying a $60 stock requires at least $6,000 in your account.

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Is There A Better Way to Make Money Online?

If you want to make a full-time passive income, I’d suggest you to start an affiliate marketing business online.

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