Learn Plan Profit is a day and swing trading course by Ricky Gutierrez. According to Ricky its a "step by step A-Z video lesson library created to teach beginner traders how to day trade successfully". In total the course consists of over 30 video tutorials, access to his private trading group chat, weekly watchlists and a daily live trading stream. Is this course worth the money or are you better off watching his free videos on yt?
Ricky Gutierrez is a 26-year-old day and swing trader from Gilbert, Arizona. He first gained popularity from his personal youtube channel where he uploads videos of himself day-trading, flipping cars and buying real estate. Ricky claims to be the “youngest millionaire in Gilbert, AZ" with his net worth estimated at roughly 3.5 Million Dollars.
While he's engaged in various businesses like flipping cars and buying real estate his main business is trading. One of his crictics most famous arguments is that he "only" makes between $500-$1000 on green days and makes most of his money by selling his course. Truth is, that his course reportedly made him more than 1 Million Us Dollar in revenue, likely more than he made from trading to this point. However, Ricky has been around since 2015 on youtube and shows his trades regulary. Eventhough he isn't making anywhere near the $50000-$100000 Us Dollars a month like other traders on youtube he is making constant profit, which most traders are not able to do. Today we will review his most popular course, Learn Plan Profit.
Learn Plan Profit can be purchased at a one time fee of $299, this grants you lifetime access and includes all future updates of the course. Compared to other trading courses this is on the low-end, especially considering you get access to his private group chat and his daily live trading stream. Many other traders charge a monthly subscription fee for their chat rooms often as high as Ricky's one time fee. Also different to most other traders Ricky doesn't has any up-sells, so this isn’t a “foot in the door” pricing technique. The course at $299 seems to be priced quite low, especially if you can get a further discount on it. Currently Ricky offers a $75 discount, you can claim it by clicking on the button below.
Learn Plan Profit will teach you how to get started with day and swing trading. The course has 5 chapters and starts with some basic beginner lessons and foundational principles before moving onto more complex lessons. The video lessons vary in length from anywhere of a few minutes to 2 hour plus recordings.
Ricky gives you a introduction to his course, he explains how to gain access to the privat chat group and how to use it best. He then goes on and explains how to get access to your own affiliate link in case any of your friends would like to sign up too and shares some useful excel files that you can use to track your trades.
Once this is all out of the way the trading course beginns. Ricky starts out with explaining the basics in a 2-hour-long video, yes you read correctly 2 hours! While this is mainly targeted at beginner traders I still found this video to be very helpful as you can revisit all the basics of trading in a structured one-take video without having to jump between different videos. He then goes on and talks about the mechanics of trading and his indicators & how to use them. If you have watched Ricky's youtube videos before you will have noticed that he often talks about indicators like vwap, sma and many more. These indicators can be very hard to understand at the beginning but are key to understand if you want to trade like Ricky does. Ricky is mostly a technical trader meaning that he doesn't wait for news that influence a stock before trading it. Instead he looks at these indicators and bases his decisions on whether to buy or sell a stock on these technical indicators. On youtube it can get very confusing trying to understand these indicators as the videos aren't structured and ordered as good as they're in this course. After explaining his favourite indicators he goes on to explain how to train your mind for success. This is a big part of trading as you'll have to handle big losses from time to time.
In this chapter he goes more in-depth on the theory of trading. Ricky starts out by explaining the theroy behind the SMA, VWAP, EMA and then shows examples when he used these indicators on the real market. If you want to trade like Ricky you'll have to understand these indicators perfectly as he uses these indicators to determine his entry and exit points. After, he talks about Bull & Bear Patterns, meaning when the market is likey going to go up or down. This is in my opinion where most beginners fail and blow up their account over time. As a beginner it is best to always go with the market meaning if your thinking about making a trade and it goes in the opposite direction of where the market is going you shouldn't do the trade. Lessons like these may only be 8 minutes long but will likely save you a lot of money in the long term. The next chapters are more basic but very helpful videos, like him explaining the basics of when to take profit and how to enter & exit a trade. At the end of chapter 2 Ricky talks about how to use time frames best. According to him this is where a lot of traders struggle in the beginning as they don't understand when to use 15-minute frames or daily frames for example. Especially for Ricky's way of trading this is very important as he uses a lot of indicators . These obviously change based on the time frames you choose making it key to understand when to use what time frames best.
In Chapter 3 Ricky showcases his broker of choice: TD Ameritrade. This chapter can be very helpful for beginners as at the beginning it's probably most useful to use Ricky's broker and the same set up so you can follow him easier. He explains how to use TD Ameritrade best and why you should use it, then he goes on to show his set up and his settings, aswell as his hotkeys.
The fourth chapter is all about swing trading, while Ricky is a day trader primarily he also swing trades from time to time. He first explains how he finds potential stocks to swing trade and determines whether to trade them or not. After, he talks about his 6 golden rules for swing trading, such as being very microfocused. Ricky publishes a watchlist at the beginning of every week in his private chat group, he only wants you to pick one to two stocks from the list to focus on and watch them very closely. By being so microfocused on one to two specific stocks he wants to make sure that you don't rush a trade, instead you should exactly know where to enter and exit a trade.
When I first signed up I was surprised to see a full chapter dedicated to ETF's. I had not seen Ricky talk about Etf's before so I didn't expect them to be part of the course. Eventhough I made some research before getting the course I had no idea what ETF's were so I'll give you a short introduction. ETF is short for Exchange Traded Fund. Essentially they're a pool of similar stocks that you can trade together. Ricky starts out in going over the differences between trading stocks and ETF's and what traders should know before considering to trade them. He then explains how to scan for ETF's and what patterns you should look out for. When trading ETF's you can obviously also day trade them or swing trade, Ricky dedicated a whole video each in this chapter explaining the best practices in doing so.
All in all I can say that the course is well-produced. The structure of the course makes sense and you won't find yourself having to do much research outside of the course as everything is explained thoroughly and in the correct order. This is one of the biggest advantages of the course compared to his free youtube videos, when watching his videos before purchasing the course I found myself jumping arround between his videos. When purchasing the course this won't be needed anymore as you start from the beginning and everything you need is explained in the correct order. The course itself mostly consists of screen captures and Ricky Gutierrez talking over them. There aren't really any custom graphics but due to the nature of the course this isn't needed to follow along. The private chat room Ricky grants you access to is well-moderated making it easy to follow the calls inside.
Before first signing up to the course last year I must admit that I was critical of it as Ricky shows a lot of the common signs of a fake guru. In his youtube videos he often showcases his supercar or his big house and tells people that he's a millionaire. Also I read online that his course is very basic, however as the course is pretty cheap compared to other trading courses I decided to sign-up to see what all this hype is about.
Once I was about half-way through the course I was pleasantly surprised by the quality and the comprehensiveness of the course. The fact that this course is basic compared to most other trading courses is what made it so good for me. I had tried to get in to trading for quite some time before purchasing the course, I watched a lot of youtbe videos and also purchased some other trading courses before. However, most of the time I had to research while watching the videos as I didn't understand everything. This made a unpleasant viewing and learning experience for me. When I started watching a trading video I had to pause it often times to research a term, while researching this term I found another term I didn't know and so on. Truth is when you first start getting into trading there are a ton of new terms and concepts you have to learn to understand the stock market. This course has helped me massively in this process as Ricky starts from the beginning.
After completing his course I felt much more confident in my trading abilities as a lot of my misconceptions were lifted. Eventhough it is true that Ricky's course won't make you the next big deal in trading and is very much sticking to the basics I found it very helpful and would advise it to any beginner to medium-advanced trader.
I always like to judge courses on claims made in the marketing materials. Ricky claims that Learn Plan Profit is a "step by step A-Z video lesson library created to teach beginner traders how to day trade successfully". First of all I believe that any beginner trader needs to understand that no course will teach you how to trade successfully immiediately. Navigating the markets profitably takes a lot of knowledge and most importantly experience. When you first trade you will notice how much emotion is involved in the begining and that it will take you some time to not panic. However, the first part of his claim could't be more true, it really is a "step by step A-Z video lesson library". This was my biggest struggle when first starting out, I digged myself through tons of youtube videos always going back and fourth to research things I didn't understand. This is what makes this course so good in my opinion, it's a structured step-by-step video library that will cut your learning curve massively in the beginning. While this course certainly won't make you a profitable trader on it's own, it will help you understanding the market much faster.
It's the perfect course for beginner traders. If you want to get in to trading this is the way to go. Ricky explaines the basic concepts in a structured way that will help you understand the market much faster. To see whether you like Ricky's way of trading and teaching I'd suggest you to watch some of his free youtube videos and join his free facebook group. At the beginning you might be a bit confused as he tends to talk quite fast but once you went though the first videos of the course and you better understand what he talks about it becomes muche easier.
If you're an advanced trader I wouldn't advise you to get this course as it covers a lot of the basics you probably already know.
Short answer is: yes! At $299, with a discount even less, it's one of the cheapest trading courses on the market. It beomes an even better deal if you consider that you get access to his private trading group and his pre-market streams. Most other traders charge a monthly-fee just for this alone, often almost as high as Ricky's one-time-fee. In general you will find a lot of other trading courses to be priced at $1000 and above. While these courses might go more in-depth on more advanced techniques they often lack beginner introductions giving beginner traders a hard time.
All in all the course is well worth it at $299 for all beginner traders. Ricky does a good job in explaining the basics of day trading beginner-friendly and giving actionable advice, enabling beginners to quickly take action. If you're a beginner with a small account this is a good starting point.