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Atlas Trading is being sued by the SEC for $100m in pump and dumps. Tune in for Tim Bohen’s reaction, thoughts, and important lessons to take away.
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All right, welcome back to the Stockton YouTube channel everyone. I've got a ton of comments on this and kind of feel like I have to reach out with this reaction video. So uh, reaction videos are all the theme you know, you know? I'm not a huge fan of them. but I I guess it, it's YouTube man you, you do what the algorithm tells you to do until the algorithm runs you into the ground, puts you in that Matrix pod and uses your body heat for energy.

But hey, I think we got maybe a year or two till that happens Famous Last Words probably next week anyway. So uh Atlas trading. Uh, sued by the SC CC for 100 million dollars in pump and dumps now I got several points I Want to make out on this? Okay, number one. Um, listen, they knew what they were doing.

You see it in the filing. you can look up the SEC filing. They knew what they were doing. But as always, you know, criminals always think they can outrun the long arm of the law.

but that's why it's the long armored law. He always catches up with you eventually. But um, just the brazenness. Um, very.

Uh. SBF FTX Like you know, Oddly enough, you know. uh, uh. Atlas trading uh Zach Morris all these guys.

they were doing it two years ago. Um, it's it's almost like it. You almost wonder if SPF and FTX was almost inspired by these guys I mean it's just like I don't recall in my 15 years of day trading and a lifetime of following Finance Any point where anyone was just again this crazy just openly talking about on their Discord were buying chairs, we're pumping them and we're gonna dump them I Remember a Zach Morris tweet from like two months ago I mean he had to do. He had to know that the man was on his tail and he posts the twitters like give me your lowest float stock ideas I'll pump it and I'll let you know which one it is and you can front run it with me I mean the brazenness.

The brazenness. Now this is the second point I want to comment on that? A hundred million dollars? Okay I know I don't know these guys. Oh I Do not know these guys. Okay, never met them, never been anywhere in their vicinity.

okay I knew who they were on Twitter Okay, let's get that real clear editor. Give me a disclaimer: Never met them, never conversed with them, never been anywhere near them I want that down there? Okay, but again, knew what they were doing and everything but um I Would have thought like like two days ago if you would have said hey, how much of these guys make pumping these penny stocks I would have said you know I don't know. a couple million okay maybe one, maybe two million but you gotta remember it's 20, 20 and 2021 100 million bucks. That blew me away.

That the amount they made the brazenness blew me away just crazy times. And so let's move on to lessons. Okay Lessons are listen. you gotta know how the game is played.

Okay I mean if you see a a character from Saved by the Bell no way I'm I'm I'm Gen X I'm a child of the 80s Loved Loved it. Okay, uh had had. Oh I my heart still hurts from my crush on Tiffany Amber Thiessen Okay, I still still. Oh she won't never return one of my calls anyway.
Um but like a cartoon character with a fake name. you know in in in in three cent stocks saying they're going to ten dollars. Okay, as much as I want to stick up for the people that fell for this. Listen, what's the same if it's too good to be true? okay it probably is.

Okay so their fault on both sides. Now next thing we love these things This train. C I B B Uh B B I G uh wish long time members of of uh uh stocks trade advisory No my my hatred of Wish when people they got bagged by these guys. like for six months people got bagged by these guys I wish would bring it up and I'm like you need to know what you're holding Okay so we traded the opportunities.

We loved them because we knew people loved to short them. We knew if there was float rotation, there was opportunity there. We knew if they were breaking key levels, there was opportunity. There's basically weak, open ready Greens on multiple days I Mean that's the squeeze points that we look for.

So we traded them. We loved them. We knew what they were. Um, that's something that I always, always, always teach is just know what you're trading.

Okay listen, if you're in some three cent OTC stock, you need to know it's gonna end badly. If you're in some 30 Cent stock that Zack Morris from Saved by the Bell is telling you is going to ten dollars, we'll trade it from 30 cents to 60 cents. Holy crap that's a hundred percent profit. Okay, trade it from 30 cents to 45 cents.

That's a 50 profit, but you don't hold for 10.. And then the last point. sorry I'm nurse with a cold. The last point I want to make is, um, getting a lot of people like hey, as much as we love pumps, okay, we love to trade these pumps because we know the the game, the game that I just talked about.

We know that we can trade them through key levels and and we're full. wide open what they are. Um so people are like our pumps over uh I Would have said like until like when I first saw the filing drop I was like pumps are dead Twitter pumps are dead. it's all over.

They made 100 million bucks. um I think I think there's I I Like the crazy thing was like you always think of the analogy of like turning on the light in some crappy New York City apartment and all the all the Cockroaches scattered. That's what normally happens with these things is somebody goes down all the Pumpers scattered. they hide out for months, years and then they come back I Don't think we're gonna see that this time and why again? I've said it four times.

100 million bucks. Listen, just like those guys, there's always another sketchy guy that thinks he could beat the system. I Actually think now there'll be a quiet period, maybe for a few weeks. I think we'll see it like a Resurgence of Twitter bombs because everybody for the fifth time 100 million bucks.
they want to be the guy that makes 101 million and gets away with it. So don't be that guy. Okay, just trade them and we do it every day. That being said, check out Stocks to create Live! SCI Straight Live every single day Rob Booker Matt Monaco and I Uh live trading webinars 100 live in the morning, in the midday, in the afternoon and in the evenings as well as weekends.

Check out stocks and straight. Live Join us on a webinar and we will see you next time.

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16 thoughts on “Sec charges fintwit bros in $100 million pump and dump scheme”
  1. Avataaar/Circle Created with python_avatars edisongilb says:

    Hey, those involved in day trading know that there are pump-and-dumpers out there trying to make money, and that scheme (P&D) is actually profitable for lots of traders who understand what it is about, and know how to play the game. The real problem is to believe the pump (a.k.a. not knowing the game) and bet big on those stocks. it takes time to understand the P&D to be profitable from them…

  2. Avataaar/Circle Created with python_avatars Roger Drolet says:

    Thank you for your time and support.

  3. Avataaar/Circle Created with python_avatars T says:

    On point with taking profits, everytime these guys gave targets always low ball the targer by a few dollars and you were banking.

  4. Avataaar/Circle Created with python_avatars david tupua says:

    Thanks Tim for the back ground!

  5. Avataaar/Circle Created with python_avatars name name says:

    is day trading too gd to b true

  6. Avataaar/Circle Created with python_avatars nordan00 says:

    Might be time to trim the hair on the guns, Tim! And a “Saved by the Bell” fan? Say it ain’t so, Timmy, say it ain’t so!

  7. Avataaar/Circle Created with python_avatars dnaesq says:

    After the 37th ‘okay’ I had to X the video

  8. Avataaar/Circle Created with python_avatars Mr. Plutonium says:

    Don’t listen to this guy, never touch anything pump and dumpers tell you to.

  9. Avataaar/Circle Created with python_avatars Jeff Dewy says:

    I wish for more $WISH haha I kid I kid…I'll go sit in the corner and think about what I've done…

  10. Avataaar/Circle Created with python_avatars Alex F says:

    Still waiting for Bill Ackmann to be sued by the SEC. If you remember during 2020 he was shorting the market while going on CNBC and saying everything is going to 0 right when COVID started. I don't see how that is any different than what Zach Morris was doing.

  11. Avataaar/Circle Created with python_avatars Americanjoe76 says:

    Thanks Tim

  12. Avataaar/Circle Created with python_avatars Jeffrey Marley says:

    Brazen, crazy times!

  13. Avataaar/Circle Created with python_avatars dontbea🐓🍭 says:

    And tell Gary gensler behind bars I don't believe anything the SEC says I believe just like the FBI they should be shattered and scattered to the wind

  14. Avataaar/Circle Created with python_avatars Corsos&Stonks says:

    COSM!! In at .60!!! LFG!!

  15. Avataaar/Circle Created with python_avatars Daniel Toth says:

    Thanks Tim!

  16. Avataaar/Circle Created with python_avatars run guy says:

    Appreciate this video. Scary stuff.

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