Hello and welcome to my review of Ben Sturgill’s “Daily Deposits.”
I discovered this system via a presentation on the RagingBull.com website, where Ben was talking about the “one pre-market trade” he uses to aim for daily profits. Regardless of whether the market is going up, down or sideways.
It seemed interesting to me, so I registered for the free training where Ben explains how it all works. And in this review, I’ll show you what I found, to help you decide if it’s right for you.
What’s Ben Sturgill’s Daily Deposits Service About?
Daily Deposits is a trading service provided by Ben Sturgill that aims to help members successfully trade the SPY, a popular ETF based on the stocks listed within the S&P 500.
As with most services provided on the RagingBull.com website, it all starts with a video presentation, or in this case free training class, on their website.
In the video, Ben provides insight into his backstory, explains the problems facing most day traders, and walks you through the fundamental aspects of his Daily Deposits trading system.
Overall, I found the video to be quite interesting, and Ben does provide a good amount of insight into his trading strategy. But when you boil it down, the training is mostly a sales presentation about joining the Daily Deposits system.
So even though I did find the free training to be both interesting and informative, it’s more or less a sales pitch. In order to get access to Ben’s system, you need to become a paying member for $799 per year.
Which, as I said earlier, is all about trading the SPY.
As a member of Daily Deposits, you get access to a daily pre-market video on what’s going on with the overall market and the SPY. As well as his “trade of the day” alert and some training to help you become a successful trader. So even though it’s not cheap, there’s quite a bit of value being offered.
Who’s Ben Sturgill anyway?
Ben Sturgill is a former basketball pro turned trading expert. He’s been trading for over a decade now and he works closely with the team at RagingBull.com, which is one of the fastest growing trading and investing education sites on the planet.
And according to Ben, over the past few months, his trades have won 47 out of 50 times, and returned an average of 35% per trade in 2020. Which, if true, is pretty impressive compared with most traders out there.
He was also a teacher at one point, so one of things Ben emphasizes over and over is that this is a SIMPLE system that anyone can learn, and he has designed it that way from the ground up.
How much does it cost to join?
Well, if you stick around to the end of the free training video, you’ll see a button appear that leads you to the Daily Deposits order page. On this page, I learned that the cost of the service is $799 per year, or $1,497 for a lifetime membership.
What Do You Get as a Member of Daily Deposits?
The core benefit of joining Daily Deposits is getting access to Ben’s daily pre-market video, where he breaks down what’s happening with the SPY, and his top trade of the day.
Even though Ben says his trading system is based on years of experience, and even though he does provide lots of insight into the trades he’s placing and why, it’s never a good idea to just blindly follow someone else’s trade picks.
And that’s where the education aspect of the system comes into play.
As a member, you get access to a suite of training videos and resources to help you learn how to become a successful trader. So it’s not just about following someone’s trade picks.
Here’s a breakdown of what you get as a member:
- Daily pre-market video: Every morning, before the market opens, Ben scans the market for trade opportunities. And to do that, he analyzes things like macro indicators, market sentiment and the general momentum and trend in the market. He then compiles his findings together, into the pre-market video. This normally runs for about 10 minutes and airs at around 7am.
- Trade alerts: The next step in the system is getting a “trade alert” at 9:05am which is just after the market opens, via text or email. This is where Ben shares the exact trade he is placing on that day. In addition to the “trade of the day” alert I just mentioned, you also get regular daily updates on what’s happening with the trades Ben has shared with members.
- Education: In addition to daily market insight and trade alerts, members also get access to a suite of education which is aimed at helping you become a more successful trader.
On top of the core membership, if you purchase the Platinum membership for $1,497, you also get some bonuses. The first is access to a monthly training and Q&A session with Ben and the second is being able to share your membership with family members once you’re done with it as part of the Heirloom Program.
Is it possible to get a refund?
According to the RagingBull website, yes, there’s a 30 day money-back guarantee in place. So if you join the service and aren’t happy with it during your first 30 days, you can request a refund.
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How Does the Daily Deposits System Work?
The basic premise behind the Daily Deposits system is day trading the SPY ETF, which is based on 500 large companies that are listed on the stock exchange in the United States.
The good thing about the SPY is that it’s based on some of the most popular companies in the US, which means it has a very high trading volume and as such, it’s often less volatile than betting on individual stocks. It also makes it simpler to learn how to trade one ETF as opposed to trading a bunch of different things.
And of course, as a member, you are leveraging Ben’s experience and his Daily Deposits trading system with the aim of doing this profitably as possible. The idea is that, when Ben issues a “trade alert,” members can then place the same trade within their own trading account.
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Also worth mentioning is that, given the way this system works, there are trade opportunities available whether the market is trading up or down. And the reason is because it involves trading options. Where, unlike trading regular stocks, you can bet on the price of the asset (in this case SPY) going up or down through put and call options.
Of course, there are no guarantees you’ll make money through Ben’s trade recommendations, and trading can be very risky. So you shouldn’t just sign up expecting to get rich quick or anything.
Ben says his trade picks have paid off well for both himself and his followers though. And you could trade his picks using a “paper trading” account until you’re confident they’re working out well for you. That doesn’t eliminate the risk of buying completely, but it is an option to consider if you’re wanting to test it out before using real money.
Is Ben Sturgill a Real Trading Expert?
According to Ben Sturgill’s profile on the RagingBull.com website, and based on what I learned during my research of the Daily Deposits system, Ben is an expert trader.
He says he originally learned about trading through a couple he met on a farm, while he was still in college, who seemed to be doing really well for themselves.
From there, he says he began studying trading and paper trading (trading with pretend money) while he was in college learning teaching.
Eventually, he went on to become a pro basketball player and decided to take his knowledge and passion for trading to the next level. And this, at least according to Ben, has turned out to be very profitable for him. He says he’s been trading successfully for over 15 years.
And he works with Raging Bull to deliver trading courses like IPO Daily, the WealthWise podcast and other resources to help everyday people learn how to become successful at trading. Which is similar to what guys like Jason Bond do with programs like Jason Bond Unchained and Bullseye Trades for example. RagingBull is kind of like a one-stop-shop for getting quality trading education from experts in the field.
So my point is that Ben doesn’t just provide trading education within the Daily Deposits system, he has multiple programs and works closely with other successful traders.
Another service he runs is called Daily Profit Machine. And I’m just speculating here, but it seems as though Daily Deposits is actually a rebranded version of Daily Profit Machine, or at least an updated version.
In any case, Ben Sturgill is a real expert trader and someone who provides a lot of value. So even though no service is perfect, and you shouldn’t blindly follow any trading guru, he does seem to me like someone who is really interested in helping people succeed.
Daily Deposits is a trading service provided by Ben Sturgill that aims to help members successfully trade the SPY. As a member, you get access to daily pre-market videos, education and trade picks to help you become a successful trader.
On one hand, I think this could be a great service if you’re interested in focussing on one ETF and making one trade per day. It’s a fairly simple strategy that anyone can follow, and Ben is an expert at what he does. Not to mention, he’s a great teacher.
On the other hand, I think it’s important to understand that this is not a way to get rich quick. And that there is a potential to lose money with something like this. Millions of people lose money trading each year, so I think it’s always worth educating yourself as much as possible instead of just following someone’s trade alerts.
Ultimately, whether or not you should join really depends on your own circumstances and goals. But hopefully this review helps you make a more informed decision either way.