Auto-Trading a Newsletter

I too have wondered if just picking an advisory service with an open book track record is better than trying to reinvent the wheel. If one could find a reputable newsletter/advisory service and execute thier picks automatically would it work better than trading yourself? I guess you'd have to give it a shot to find out. Has anyone used or heard anything about www.garsworld.com. He posts all of his trades to the free portion of his site and seems to average moderate returns. His picks are sent via a proprietary program, IM type, that can be set up to auo trade through various brokers.

Thanks
 
Quote from JanaSergeevna:

Unfortunately, many of them are fraudulent. There is good sense in what you say, but only if the newsletter or service to which you subscribe has been INDEPENDENTLY MONITORED for an absolute minimum of 2 years. IMHO.
More...

I was considering one of Price Headley's services. Someone told me that he provides an 'investing service' as opposed to a newsletter and so he is not tracked by Hulbert. At least this was said in reference to his Grand Slam Options service.

I see on Hulbert's list that he appears not to have any newsletters from Price Headley listed.

Is there any other place that can confirm his profit claims for Headley's services?

Thank you, I appreciate all the assistance proviced in this thread.
 
Quote from HershelSR:

[...]
My overall impression is, however, that even after a few years of part-time education and a few years of part-time trading, I will still not be nearly as skilled at picking trades as some of the industry experts with decades of experience and proven track records. [...]
More...
Hey Hershel,

Didn't you read in the other threads about those big joints throwing their professional TA picking rascals out? Some of these had at least a 'decade' or more 'experience'. What you believe to be a 'proven track record' ain't always what it seems to be.

:D
 
Quote from HershelSR:

I was considering one of Price Headley's services. Someone told me that he provides an 'investing service' as opposed to a newsletter and so he is not tracked by Hulbert. At least this was said in reference to his Grand Slam Options service.

I see on Hulbert's list that he appears not to have any newsletters from Price Headley listed.

Is there any other place that can confirm his profit claims for Headley's services?

Thank you, I appreciate all the assistance proviced in this thread.
More...

Lately BigTrends (Price Headley) sent lots of emails for his subscription. There are lots of wins but do not show any loss. I assume it is just part of the trades. I requested them to post their true/whole performance in their web site. So far I have not received any response. I still think if anyone asks for money, they need to prove it worth the money.

Anyone subscribes to their service?
 
Consider taking a look at the Chartist. They have been in business 30 years and maintain an actual cash account.

Quote from HershelSR:

I posted to this forum a few months ago and was provided with several links to beginners' tutorials. I have finished reading through those and several others, including a dead-tree book. I feel that I have a good introduction to TA and System Trading. I feel that were I to continue with my education and begin practicing on paper, in time, I could succeed with this venture and potentially eventually be trading for a living.

My overall impression is, however, that even after a few years of part-time education and a few years of part-time trading, I will still not be nearly as skilled at picking trades as some of the industry experts with decades of experience and proven track records. To note, my goal with trading is not to become a trader per se, it is rather to generate some income with some capital I have sitting in a bank account or a REIT presently doing not much of anything.

It seems to me that I will find more success were I to sign up for a newsletter from one of these experts and just do exactly what he says. Some of these people claim to return upwards of several hundred percent annually, and one even well beyond one thousand percent. It furthermore seems to me that the easiest way to follow every one of their suggestions precisely is to just allow my broker to automatically place every trade. I have discovered that many brokerage firms offer such a service.

I am thus strongly considering opening an account with brokerage firm, putting in there a reasonable amount of money, signing up for a newsletter from a well-known advisor, and then allowing my broker to auto-trade that newsletter for me.

Last time I posted here, I was given excellent advice. I would like to ask now if what I am suggesting is sound. I see no reason why I should NOT pursue this course of auto-trading, yet perhaps being a beginner there is something I am missing.

Thank you,
Hershel Robinson
More...
 
You must log in or register to reply here.
Back
Top