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Is Phil Grande's paid trading site any good?
- Thread starter Jreality
- Start date
Quote from Jreality:
Isn't the Money Flow indicator really just based on a moving average crossover? Even if not, is it really proven to work any better than an ordinary MA crossover? I have my doubts as to whether any of his so-called proprietary indicators are any better than garden variety indicators. There is no holy grail in trading.
No it is not just based on moving average crossovers. As far as comparing it to other indicators it is difficult to answer without a specific comparison but in general the PTT2 makes it so you donât have to look at all these indicators. You just look at the stochastic and Money Flow.
You are correct that there is no Holy Grail in trading but there is an obvious advantage to using software. Just a few years ago many would equate charting to voo-doo and magic. Now many project that HFT trading equates to 50% or more of all trades.
Quote from themetrixguy:
You can go to www.StockCharts.com or www.freestockcharts.com and use their FREE charts with the following indicators: Slow Stochastic (daily with 10-3-3 setting), Slow Stochastic (weekly with 10-3-3 setting), the 25, 50, 200 simple moving averages as support and resistant levels, and a 7-day average volume for conformation, and it won't be any different that using Phil's services, except that it is ALL FREE.
The free charts are great tools and a wonderful product but there are key differences. First, free stock charts also offer a pay service to change to level 1 data instead of BATs. I donââ¬â¢t know of anyone who is giving away Level 1 data for free. PTT uses level 1 data and there are costs involved from the exchanges. Second, you will have all of the things that you mentioned but you are not pointing out what would be missing. For example, the Money Flow indicator on PTT2 and the Support and Resistance values on PTT1. Also, part of the advantage of the premium product is convenience. Some of the other information is available for free from other sources such as Earnings, Dividends, Volume 30%, etcââ¬Â¦ The PTT premium puts all of this readily available on one screen.
The Fact that you are more concerned with Phil telling you when to pull the trigger says that you really aren't paying attention and have no interest in actually learning how to trade but rather waste your time here complaining or making excuses as to why you have failed with Phil. As a long time member of Phil's Gang I'm here to tell you that if you have the patience and do your due diligence things will change for you. Just because Phil isn't a "Stock Broker" doesn't mean he doesn't know what he is talking about. The man is a Fortune 500 member for a reason... He knows how to make money! He doesn't need the Gang to survive, he wants the Gang to be successful so they can donate to the needy kids at St.Jude and Boggy Creek Camp. I applaude Mr.Delaughter you get it! Gangmember you must have not had the patience to follow through. I am sorry for you because even in this crap Obama controller market I am making on average 40% a month on my investments thanks to Phil's methods, not because of his calls which by the way he is 99% spot on!Phil is not a registered stock broker. So he claims to train you how to trade stocks. When he suggests that you buy a stock he says he will tell you to pull the trigger. This does not happen, he timidly might say "if you want, you could step in with 25 shares and see how it goes. Then he does not say when to add , usually until it is too late and then he blames the members for not adding like the members have all been trained and should have known to add to their positions. How much to add, well Phil cannot tell the member that is up to each personâs risk tolerance. Phil has a unique defense mechanism to protect himself from any responsibility for losing member stock market money. It is not his decision , it is the members they can do whatever they want. So he trains the member like a drill instructor but in the field he lets the member do whatever the member wants, he likes to have it both ways, not his fault. You have to trust the instruments when he flew a helicopter that was the way.
Then when the stock does make money long or short, he starts bragging like the greatest, M Ali in his boxing prime. He does admit that he does not know for sure when to get in, and he does say to use stop loss. If you call or email and he does not like your question, read that as criticism, you are branded a hate mail person, it is never Phil, oh he does admit when he makes a mistake, but he thought he was wrong once, turns out he was not wrong.
His radio show is part pump up the Philâs gang membership drive, and conspiracy theory broken record, Barney Frank or Tim , Geithner, the plunge protection team, the stock market is corrupt, the government is corrupt, there will be a major crash, sometime in the future. Follow XLF and SMH they predict the SPY and the IWM, watch IBM, he follows about 5 stocks and does more after the fact reporting than actual pull the trigger buy or sell short. The stock market goes sideways 60% of the time. Then he spends time with members reviewing their stocks, does a morning and closing market wrap, seems ok with setting a get in price of a stock off a spring board set up, does that regularly and actually does place a price, if he would do that on his charting for when to enter without the spring board, meaning when a stock hits the support level as his PTT1 or PTT2 shows then he would actually make some money. It seems too complicated for him to figure out, the support might be good , but the volume is not , the XLF is ok but the SMH is not or any one of those variables and then if it were easy we would all be rich. So that is what 3 years looks like in the above post.
Phil...it's about time you showed up and defended yourself.The Fact that you are more concerned with Phil telling you when to pull the trigger says that you really aren't paying attention and have no interest in actually learning how to trade but rather waste your time here complaining or making excuses as to why you have failed with Phil. As a long time member of Phil's Gang I'm here to tell you that if you have the patience and do your due diligence things will change for you. Just because Phil isn't a "Stock Broker" doesn't mean he doesn't know what he is talking about. The man is a Fortune 500 member for a reason... He knows how to make money! He doesn't need the Gang to survive, he wants the Gang to be successful so they can donate to the needy kids at St.Jude and Boggy Creek Camp. I applaude Mr.Delaughter you get it! Gangmember you must have not had the patience to follow through. I am sorry for you because even in this crap Obama controller market I am making on average 40% a month on my investments thanks to Phil's methods, not because of his calls which by the way he is 99% spot on!
The cure for insomnia... Phil Grande's voice!! They need to bring back Donnie Cogswell. I have been a member for almost a year and cancelled last month when Donnie was no longer teaching the class. The value was lost the day Donnie stopped teaching classes. Phil is an old man who needs to retire! He can't remember what he said within 5 minutes. Phil Grande is LAST person I would ever take investment advise from!!
As a Phil's Gang member for the past six years I would highly recommend joining Phil's Gang because Phil teaches and guides me with stock buys & shorts and I love the user-friendly stock charts. Overall, I am up 68% in profits with Phil's calls.
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Really I am flattered that you think I might be Phil. Well guess what ...nope I am just a gang member who understands Phil and what he is saying not just slamming him for his very minor mistakes.Phil...it's about time you showed up and defended yourself.