marketclub
- Thread starter ganesh6
- Start date
I used to get their email. I don't know how I started getting them. Saw about 5 of their videos and their method seemed very simplistic and they tried pushing their charting software on every video. The guys over at thinkorswim and their affiliates (forgot who) makes pretty good videos.
If you do research, you will find very very few people have good experiences with the $200/month or $8000 "tuition" or other similar sites. They rely on you to believe them. Very very fwe prove their studd works with convincing proofs. That is because they usually DON'T work
And I didn't say "free trial". I said free trial to watch their track record to prove that the PREVIOUS track record was real. Watching something for 3 or 7 or 30 days (of which 20 are trading days) does not guarantee it works. Independent, longterm auditing is the closest thing you will get to that.
Some of these sites seem to use the same $10 ebay template that is one long, narrow scrollable page, complete with testimonials and large headings and free offers and "incredible discounts if you act now."
Pretend 1 in 500 works. Now, HOW will you spend your time and money?
MarketClub seem to be using a 3 day Donchian crossover algorithm.
It's a new site, and could be helpful to the novice. Not all parts of the site are working correctly, but it's an inexpensive introduction to a stop and reversal system, and general money management principles.
They are not operating as a tip sheet service, and seem (to me) less hyper than most.
I am not a subscriber, as they don't yet have my favorite chart - $NYSI.
It's a new site, and could be helpful to the novice. Not all parts of the site are working correctly, but it's an inexpensive introduction to a stop and reversal system, and general money management principles.
They are not operating as a tip sheet service, and seem (to me) less hyper than most.
I am not a subscriber, as they don't yet have my favorite chart - $NYSI.
Why would I want to join a bunch of geezers trying to front run their stock picks based on some voodoo XYZ Crossover with a DooDad Moon Tide Hyperextension?
You have to be a complete idiot to pay to join a stock club on the Internet to get "group solicited" picks. Just look at the pictures of the members. I'm sorry, but those are the kinds that get slaughtered by market makers.
Its really sad. Older people over the age of 50. Lost souls. Seriouosly just look at their faces, where they come from. These are like your grandpa and grandma trading. No, no way.
Marketclub uses that green yellow red light kind of system where its all about following their system. Those kind of things make me shake my head because it takes any sort of skill out of it and makes people follow a blind system.
You said it. The Newb. And its the Newb following a blind system of colored triangles. It can be front run by the creator. Even slaughtered by the market maker who figures this shit out. Its just voo doo blind faith isn't it. Its like a palm reader looking at your hand telling you what the lines mean and you believe it. Get enough people to believe in the palm reader and you got paid subscribers. Most gullible.
Do you really believe the market works this way with a blind indicator of faith? Hell no. Go to the Chicago CME pits someday and watch how they trade on the floor. Are they are sitting there looking at green red and yellow lights? Hell no! They are looking at support and resistance levels. They ARE REACTING to whats going on the floor. They look at each other seeing pain and pleasure. They watch their opponents, their body actions, their emotions.
Any red green yellow system reminds me of that late night commercial. The one with the moving average crossover and green red yellow lights that sold for like $3 grand. And just where are those jokers now?
The difference is that this does not cost $3 grand, its a simple system probably built around moving average and stochastics. There is no front running with it because it does not recommend any stocks. It just produces signals on 4000 products.
Sorry, Charlie, I don't have the capacity to hang out at the CME. Plus, this system has nothing to do with day trading. It has no day trading capacity. Why do day traders always confuse this?
Floor traders do not need charts because they are just concerned with yesterdays hi/lo and then the open .. that's all they need to know. They are so levered up that a move 3 or 4 x the ATR will wipe them out .. so they watch pennies. Besides floor trading is a thing of the past ... it'll be gone in a few years.
This is as opposed to the IRA trader or the guy who plays the swings from month to month. We need to look at charts because we need to see what was going on over large expanses of time. I've been waiting on an entry on the YEN for 3 days now. This is not day trading.
Newbs have grave difficulty day trading but have the capacity to beat their own shitty 401K offerings .... This may seem an obscure form of trading to you from your yacht in the Bahamas where you net /ES 30 pts per day (where most elite traders trade) but if you strain to think you'll understand what this product (marketclub) is trying to do (whether they do it well or not has yet to be discussed).
Sorry, Charlie, I don't have the capacity to hang out at the CME. Plus, this system has nothing to do with day trading. It has no day trading capacity. Why do day traders always confuse this?
Floor traders do not need charts because they are just concerned with yesterdays hi/lo and then the open .. that's all they need to know. They are so levered up that a move 3 or 4 x the ATR will wipe them out .. so they watch pennies. Besides floor trading is a thing of the past ... it'll be gone in a few years.
This is as opposed to the IRA trader or the guy who plays the swings from month to month. We need to look at charts because we need to see what was going on over large expanses of time. I've been waiting on an entry on the YEN for 3 days now. This is not day trading.
Newbs have grave difficulty day trading but have the capacity to beat their own shitty 401K offerings .... This may seem an obscure form of trading to you from your yacht in the Bahamas where you net /ES 30 pts per day (where most elite traders trade) but if you strain to think you'll understand what this product (marketclub) is trying to do (whether they do it well or not has yet to be discussed).