posted
Give us your experience with self proclaimed stock Gurus like 1. Charles Heath (www.freestockpics.com or www.rollercoasterstocks.com)
2. Daniel Knight (look for a yahoo groups called nasdaqriders)
They make great claims but there is nothing like first hand experience. Id be interested in hearing what experience you all have with these folks. Or, let us know who you use and how well they have done.
posted
my experience is I dont use such services.. i make my own picks and DD... to use such services I might as well let my broker make my picks... at least he only charges me $5 per trade lol ....
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
Mark,think about this,if they are so good at picking stocks,WHY do they need you?
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
As you say, most things of this type are scams. But...there is nothing like personal experience (even bad experience) for a teacher.
Somebody out there must have tried one of these sites and the rest of us could probably learn from hearing about your experience.
Posts: 3 | From: Lincoln, Nebraska | Registered: Jul 2005
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posted
find people in your town that have been in the market,talk to them,read these boards,you will learn alot here.If you want to spend your money thats up to you.then you will know.I have been in the market over 40yrs,I say don't waste your money,just my opinion.
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
I must agree on doing your owm dd. However I currently use 2 paid guru services and I have been more than profitable. Since mid June both services have hit 9 out of ten each. I always take their picks and run them through my own research to weed out any bad plays. If you use any type of service you should always use one with a free trial period to see how good they really are before you commit. For instance I free trialed TRENDFUND.COM for 2 weeks using their stock and option play of the week picks. Trendfund gives you between 2-4 picks pre market each Monday.I have been averging 80% or better with this service. This service runs about $39 to $49 a month. In my opinion this is worth the cost. They also give you buy and sell recomendations. Just my opinion. Also, remember to always use stop losses.
-------------------- TAKE CARE OF YOUR LOSERS AND YOUR WINNERS WILL TAKE CARE OF THEMSELVES
posted
I would still not use them.. right now they are 9 for 10 but one day that will turn around and be 1 for 10 ... if they were 9 for 10 every single week of every year they would be richer then Warren Buffett... but anyways if you use them use them with caution...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
options says they are 9 for 10, I want more info. than his say so. I want to see the trades. Sorry but I don't take second hand info. What % of gain and what time frame?
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
As soon as I am home from work I will pull the data from my spread sheet and post it. As far as second hand info well You should never take it as is. This is why I posted earlier that you should always screen/DD each recomandation provided to you from a service. I have also during my relationship with both stock services gone and back tested there picks some go back 12 months. I keep very accurate and detailed records of each pick they offer weather I decide to play them or not. After years of many different services I have narrowed it down to only 2 that are worth while.I read this BB all the time and try to be as honest and as accurate as I can considering the fact that since I found this BB it has helped me and continues to help me.Slim to answer your question on % and time frame. I only play options and my buy/sell period never exceeds 10 buisness days. I also use stop losses on all calls and/or puts.As far as percentages go some are great some are not so great. To me it is not how much you make trade to trade it's how little you lose. I take small and large chunks as I can without being greedy and I always try to minimize my losses to about 10% per trade.
-------------------- TAKE CARE OF YOUR LOSERS AND YOUR WINNERS WILL TAKE CARE OF THEMSELVES
posted
Sounds to me like you have done your homework and have covered most all the bases, I do not play options so that leaves me out of that arena. If you make money with those services more power to you, I'm very skeptical person,I cannot believe someone that good at picking stocks has to sell his services to make a living. Makes no difference,I don't use them you do, you make money so do I. good luck to you in your trading. I don't want you to get the idea I win on every trade, I don't, I don't know anybody that does.
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
I would not do it, I say this because I have done it and although some picks turn out good there are just as many that don't. I know what you're thinking, they say they pick winners 98 percent of the time. Well if you stop and think about it virtually anyone can pick winners 98 percent of the time. EG pick any stock that you want with a decent trading price (1.00 to 5.00) and in 12 months if you have not picked a stock that is at its 52 week high, it is a winner. See how easy that was, and they do not tell you when to sell the stock yet all their statistics that they tout are based on selling at the absolute top. I have been a member of Heaths rollercoaster stocks, (it took me 3 years to finally see the light), and I will never do it again. It is just a way to give somebody 100 bucks. One more example and I'll stop. Lets say one of the picks is XXX at 1.10. Within a week it hits 1.13 then steadily falls to .45. He just gave you a winning stock. Did you make anything on it? Of course not but it is still a winner in their book. Hope this helps.
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
Heaths Roller Coaster stocks is a poor service in my opinion. However the services I use are services that provide picks for 5-10 day plays only. They are never 12 month plays. It really is up to the trader to decide what to use and what not to use. As far as 98% I was only referring to the last 30 days.I think that if you are new to trading and you are not sure where to start that very few of these services would be in your best interest. Like I sade before you should always do your own DD and always use stop loss orders.
-------------------- TAKE CARE OF YOUR LOSERS AND YOUR WINNERS WILL TAKE CARE OF THEMSELVES
Give us your experience with self proclaimed stock Gurus like 1. Charles Heath (www.freestockpics.com or www.rollercoasterstocks.com)
2. Daniel Knight (look for a yahoo groups called nasdaqriders)
They make great claims but there is nothing like first hand experience. Id be interested in hearing what experience you all have with these folks. Or, let us know who you use and how well they have done. =============================================== Here's my experience with Nasdaqriders:
I don't think they are genuine for a number of reasons. By the way, I joined their group to check it out and analysed some results. 1. I am a member of another investment group and we received a message from someone promoting their group and claiming to have made $48,000 in a couple of months. It was removed immediately as spam. 2. Most of the stocks go up initially but drop quickly, some like a lead baloon. 3. They don't allow people to post because there would be a lot of negative feedback in my opinion. Spam is not an issue. All the moderator has to do is review posts. 4. There's supposed to be a 'team'. But the main guy seems to have been missing for July (only 2 posts) and August (6 posts). Shouldn't the team be able to come up with some picks? 5. To date, for August, they've come up with only one stock, TRNI on August 11. How did it do? It closed the previous day at .75. Performance on the 11th.: Open: 1.00 High: 1.55 Close: 1.05. Within 4 days it was down to .86. This stock was basically a very risky daytrade. And most worrying of all: the average daily volume for the previous 4 days was 825 shares traded. The number of shares traded on the 11th. was 320,709. The following day it was 21,000. TRNI was recommended once before on May 17th. with very similar situation to August 11. Take a look at a year to date chart. How they are able to justify great results is they take the high the stock achieves and uses that as their gain. Totally unrealistic. Very few people get out at the high. To sum up, I think it's a pump and dump scheme. Stay away.
Posts: 7 | Registered: Aug 2005
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posted
I´m subscribed to newsleter of Peter Leeds for about 6 months and until now I´m pleased with his stock picks.
In this time he had several stocks, which gained 20%+, 30%+ and 50%+, but there are also a few with equivalent losses.
I´m running a virtual portfolio of his picks and add every single one of them as soon he makes a recommendation. So far the total return has been 9.7%. (I have also added all previous recommendations, which were not older that 1,5 years)
@macdrsirules: did Charles Heath had any significant gains until you were subscribed? I was thinking to subscribe to see how it is but after reading your post I got a bit sceptical
-------------------- "Wanting is more pleasing than having" - Spock Posts: 31 | Registered: May 2005
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