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Matt Poll, or Matthew Poll Indicators to Watch Around Precious Metals

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“Matthew Poll Indicators to Watch Around Precious Metals” Interview with DayTradeFEED.com

Matthew Poll recently say down with DayTradeFEED.com and its publishing partners (DayTradeWire.com, DayTradeForGood.com, TraderSuccessNetwork.com, Etc.) to discuss precious metals and the different indicators he watches around them. Click below to watch this interview:

“Matthew Poll Indicators to Watch Around Precious Metals” Interview Transcript:

“Gold and Silver are a unique market largely manipulated by the banks. I think people should know that First off.

I would say even specifically silver has been a market that’s been largely suppressed by the banking institutions and controlled by the banking institutions for years. The times that we’ll see gold and silver radically spike or catch up to, like, actual economic growth or economic decline or other markets like actually reacts, responsive to it the way it’s supposed to, is when it hits a breaking point.”

Back in 2008

“We saw that back in 2008, where the banks just couldn’t keep up with it. And we saw silver spike, I think it was over $60 an ounce even at that time. And so like what you if you’re looking for like a major opportunity, a major like climb or fall in those metals? You want to be looking for, not a correlation necessarily to the economy, but a massive decrease or increase that would break a boundary that the banks just couldn’t keep up with. They can’t keep up with manipulating it the way that they are.

Otherwise, I would say, gold and silver, it’s kind of a thing that people do for a long term investment. And the primary game is to hedge against inflation. So the other piece that I would add is inflation plays a big part in that.”

In Conclusion…

“If you have a sense that inflation is going to be something on the horizon, putting your money in gold and silver, at least watching the value of what you’ve earned, whether it’s through dollars yen’s euros, whatever, gold and silver, at least when we’re printing money, can print more of itself, right. It’s always going to have that tangible value.”

About Matthew Poll

Matthew Poll, AKA Matt Poll, is an entrepreneur, investor and life coach based out of Silicon Slopes in Lehi, Utah. Furthermore, he is the cofounder of GTF, a company which he helped co-found in September of 2008.

In addition to this blog, you can find Matt Poll on social media by clicking the links below:

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Matthew Poll Scam or Scams to Watch For When Trading Cryptocurrency (GUEST POST)

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Utah entrepreneur Matthew Poll was recently interviewed regarding cryptocurrency. More specifically, he was asked about cryptocurrency scams and what day traders should be watching for when trading it.

To watch the interview, click play on the video below titled Matthew Poll Scam or Scams to Watch For When Trading:

Matthew Poll Scam or Scams to Watch For When Trading Cryptocurrency TRANSCRIPT:

IS DAY TRADING CRYPTOCURRENCY A SCAM?

“It’s like yes and no, you know, it’s there’s not a direct answer to that. And what I mean by that is it cryptocurrency is so new. It’s this industry that some people are saying it’s gonna be the it’s the future, you know, and what’s happening right now isn’t like a once in a lifetime opportunity like this is a once in a existence opportunity that’s happening.

And so when you have something like that that’s got so much momentum, I mean we just hit, for example, we just hit over a $2 trillion market cap in crypto by itself, which is insane money.

So to say like, Is it a scam? Well, no $2 trillion coming from banks and investment firms and individuals wouldn’t be putting their money into something on that level if it was a scam. But are there people who because of all the hype, taking advantage of people that don’t know like, what’s going on? Absolutely, absolutely.

What to Look For

So there’s a lot of things that you want to look out for to avoid any scams. I don’t know if they’re particular to the state of Utah, or out in or outside of the state of Utah, but you mix day trading, and crypto. And you’re likely going to find someone out there who’s falsifying claims, taking money from individuals and trading it, maybe not getting registered properly. Or even running a Ponzi. Right, just an outright Ponzi.

And it’s not the industry, it’s the people. It’s not necessarily the vehicle. It’s if there’s money there, and there’s hype, there’s always going to be someone with a black cloak that comes in and abuses it. And unfortunately, you know, you’ve got to look out for that stuff. Because there’s a lot of good when it comes to cryptocurrency. And you just don’t want to get stuck in a teresa giudice diet scam, I mean, because they do exist for sure.”

WHAT OTHER SCAMS SHOULD CRYPTO TRADERS WATCH FOR?

“The one I would look out for the most the ones I hear about the most often is your lack of transparency and what’s happening. Like I would say, that’s the biggest way people get scammed anything, is they go on trust, or they go on feelings, or they go on some intuition, you know, something that’s just not factual, and they’re just not seeing the picture.

So the things I would look out for around day trading, and scams would be like giving your money to someone blindly. And not actually seeing the transactions that are happening. Not actually being verified return statements. And just trusting that like something that handed you is actually real, when in fact, they could be falsified.

It could, I mean, I hear stories about people that come to us all the time, who they’d given 10s of 1000s of dollars to someone only to find out that they weren’t even trading it, they weren’t even day trading it the whole time. And so it’s like, yes, that’s gonna be a scam, that’s gonna leave you in a bad position. But ultimately, that person’s gonna get caught.

Violation of the Law

Also, they’re ultimately going to be in violation of the law, they’re gonna get caught at some point, a lot of times, we call these ponzis. And you just don’t want to get stuck in the middle of that. Because ultimately, you’re just, I want to call it donating. But you’re, you’re just, you’re just giving your money away at that point.

So transparency would be the biggest thing I look for in anything that has to do with day trading. Transparency, testing, the more control you have, like, if it’s you day trading, obviously, that’s gonna be safer than someone else do trading for you.

Just because you eliminate that risk, you eliminate the risk of them running off with your money. Or not trading it at all and never have the trading it. But if at least you’re doing it, you know that risk is gone. And then it’s like, Okay, got it. Well, I’m gonna do my own trading. How do I eliminate any scams that might have been there? Well, the only type of scam that would be happening would probably be one to yourself. But you didn’t take enough time to test your system. You didn’t take enough time to like back tradee. Or actually verify that like what you’re doing was going to make sense.

Don’t Call It a Scam

Or I don’t even know if you’d call it a scam, but it’s just really just a bad practice. Like you just go in too hard, too heavy on intuition or a whim, rather than starting light, you know. And just doing a little amount you know, $1,000 versus 100,000 to test it. And to see if it’s actually going to work.

Whereas so many people, I want to say scam themselves by just going in too hard, too heavy in the in specifically with day trading. And a lot of the factors that motivate those decisions are class. Like they get too heavy in their investment in costs. Or they get, you know, maybe they spend a bunch of money in education. And they feel this force, like, oh, I’ve got to make that back every day. Or I’ve got to like, cover this old thing that happened in the past.

And it’s like, that motivation, will scam yourself into breaking your own rules, breaking things that are high, much higher and risk than something that you could easily have tested for $10. The now you invested 100,000. And why? Only they experienced more risk, right?”

How to Avoid Day Trading Scams w/ Utah Entrepreneur Matthew Poll

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Matthew Poll on Identifying a
Day Trading Scam

“The primary thing I would look for in avoiding day trade scams is going to be around control. There’s this association that if you’re a day trader, somehow, that some scam’s going on. I found that’s completely not true.

If someone’s classifying themselves as a day trader, they’re the ones in control. It’s usually their own money. Or it’s their own retirement or some money that they raised or earned from something else. And so they are in it with their own funds. Where I start to see the most day trading scams is where the people don’t have control.

Furthermore, the trading scams happen when people are trying to take other people’s money, or they have a “fund” people are trading. Or they have some promised delivery system. You know, some thing they were trading that was making a bunch of money, and it really didn’t.

Then it ends up turning out to be a Ponzi scheme. Raising money from other people. And in return, they’re actually not even trading. They’re just living off of the money that people gave them and never actually went out and traded in the first place.

I hear stories, probably a couple each year, of people losing millions of dollars to these types of day trading scams. It’s a real thing. So control is a big piece.

If the money’s not in your bank account, it’s a lot harder to control what’s going on with it.”

How do I know if I’m currently involved in a day trading scam?

“So if you are already giving your money to someone else, you might be hearing this for the first time and going “am I a victim already?” And that’s a great question to ask yourself.

If you’re giving your money to someone else who’s classifying themselves as a day trader, they have a system and they’re supposedly trading it. I’m not saying there aren’t legitimate people that are out there doing this, but a lot are doing it in an illegal way.

You might ask some questions. I would look at the language that was used to enroll you and getting your money. And one of the words that I would look for is “guarantee.” If any type of day trader makes a promise that they can guarantee some future result. That is a enormous red flag to me. Because one, this is a highly regulated industry, and you just can’t do that. You can’t use words like “guarantees” in the day trading world where there’s risks. It just, it’s not possible. It’s not possible to have a guarantee in a world filled with non guarantees.

So it’s just it’s a paradox. Really, it’s like this is that reality, there are risks. So you can’t make guarantees. If they use that language, you’re you’re probably at a higher risk. They’re running some type of Ponzi scheme.

Other words or language that I would look for is disclaimers. If they didn’t hand you something that had disclaimers. If you didn’t see federal state disclaimers on stuff that you signed, or if they’re not registered. That’s a big red flag for me. Because, again, this is a very highly regulated industry. And if they’re not in compliance with those things, it’s like what else? What other rules are they breaking? What other things are they doing with your money that doesn’t fall into this? This is a regulated industry and so I would immediately see that as a sign like, hey, something could be going. I’m not saying it is, but could be going wrong here, and would be worth investigating.

Now, if you’re being approached at the moment, those are the type of questions I would ask. I think “you just made a guarantee, I know you’re not supposed to be doing that… what’s going on? Why am I not seeing any disclaimers? Also, why am I not seeing anything about how this is a highly high risk type of environment or you’re not giving me my federal and state disclosures? Why am I not seeing that?”

Those type of questions will very quickly percolate whatever nastiness or gross things that are actually lying underneath. That will start to kind of rise to that surface.”

What is the safest way to avoid day trading scams?

“The safest way to avoid scammers is to be responsible and the most responsible way to be interacting with day trading is to be doing it yourself.

Now, there are places or systems that people promise certain types of things. And immediately, that’s a red flag to me. You’re not going to get into day trading with a promise again, or a guarantee that you’re going to get some result. But ultimately, the lowest risk way. And the the highest way to get the result that you’re looking for is to do it yourself, get educated.

You know, it may seem like a long road, but the end result is way more worth it because handing it to someone else and your money to someone else with the possibility of it completely disappearing. And they never even traded in the first place. That’s a way higher risk and you learning how to do it with the risk of losing at something.

And so I would say take the path of learning how to learn how to do this on your own, learn how to day trade, and give yourself time. Give yourself at least a year, the same. I’m going to give myself a year to learn how to do this, because it’s not a get rich, quick thing either.

I mean, sure, there’s some people that trade like Vegas, and they get lucky. But ultimately, if you want to have the success of a successful day trader, it’s gonna take time, and you just got to go into it knowing “I’m competing with the world around this. And ultimately, I only have to be 51% better than everyone else, right?”

Which is grade school, that was an F, right? So it’s like, you do have those advantages. However, it’s like this. This is going to take some time and patience. And ultimately, the end of the day, it’s about your returns. It’s about your percentage returns not how much how many dollars do they take into my account? And if you could stick with that attitude, you could be a very successful day trader.”

About Matthew Poll

Matthew Poll is the Co-Founder of General Trader Fulfillment, a company designed to help provide tools and education for investing in the financial markets. Founded during the 2008 recession, GTF has grown to become a national company with over 30 brands and offices.

As an entrepreneur, Matt loves new projects and is a partner in multiple other business ventures nationwide specifically in the real estate, hospitality, and the food and beverage market. He is a father of two boys which drives his passion for education, specifically in the area of entrepreneurship for children. “Live to give” is one of his mottos and he specifically looks for organizations that have high impact in the local community when donating. Matt also gives back to his community by providing personal coaching to business owners and entrepreneurs.

Learn more about day trading and Utah Entrepreneur Matthew Poll at DayTradeForGood.com and/or MatthewPoll.com!

Kevin Jones, Matt Poll Donate to Sub-For-Santa

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Kevin Jones and Matt Poll are Utah business owners. The two pooled proceeds from a 30-day trial of their day trading program.

Matt Poll and Kevin Jones began their day trading education and coaching program back in 2008. The company has grown substantially since then. which put the Utah entrepreneurs in a position to help others less fortunate than themselves during this holiday season.

The two day trading educators recently pledged to donate all earnings from the $10 Trader Lite signup fee to Sub For Santa. That pledge was recently fulfilled as part of a holiday party held at The Melting Pot in downtown Salt Lake City.

You can find pictures from that event below:

“As always, we’re thankful for the chance to help others less fortunate than ourselves and look forward to any and all future opportunities to help,” Kevin Jones said.

“We’ve been given a great opportunity to help others and we couldn’t let that opportunity pass,” Matthew Poll said. “We look forward to doing this again in the near future with other charitable organizations.”

Future Endeavors

Success is something that Kevin and Matt have definitely had to work for. The two have been adapting and modifying their business over more than a decade. This is to ensure it can include all who want to see if day trading is right for them.

Furthermore, one big way they’ve helped get day trading into the world is by offering the Trader Lite Trial. This trial costs just $10 and allows students to experience their program for up to 30 days.

Some have asked why the program isn’t just free. Well, the answer to that is the personal investment required to help students take the program more seriously. In addition, Matt and Kevin don’t make any money from the $10, as all of it is donated to a different charity each quarter.

Future charities will include Operation Underground Railroad, Global Giving, Feeding America and more!