posted
They are darn near worthless.. They alter their record to make themselves look profitable.. They make calls that are consistently late. worthless...
-------------------- Spend word for word with me and I shall make your wit bankrupt
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posted
putting half your money in a pink that is about as transparent as an iron shield and appears to be diluting relentlessly is real dumb. If you are new to trading you need to paper trade and gather an education. IMO
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Well its not half of my savings or anything, just $200. I did some paper trading and decided to move to small amounts of money. So If I loose it it wont matter. I'd just like it to go up to make some money if possible.
-------------------- I'd just like to retire at 26.
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posted
I have a friend that does his buy/sell using American Bulls, and he does excellent,much better than I have. But,he does'nt daytrade. Their recommendations are usually on,but late if you dont have the subscription/intraday setup. Probably much better with big board stocks than fast moving adrenaline pinks.They use nothing but candlestick charting,which is good,but just part of the puzzle. If you stay away from otc and pinks, buy/sell NAZ,AMEX, or NYSE, you should be able to build your account relatively "safe". And 200 or 2000 dollars to throw at stocks, especially the "little ones", is NOT enough. jmho
-------------------- It takes a lot of attaboys to make up for an aww chit
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I dont think they are worthless, I think if anything they are good predictiing when to sell, compared to when to buy. Often news out of no where trumps their advice when its wrong. They have a better track record with some stocks compared to others. Thats the key
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Suppose stock XXX has a Buy-If today. Previous close is 1.00. AB says "You have to follow the next session carefully to check if these cases will hold or not:"
Alright, sounds pretty simple... right? Here is the catch..
Your stock XXX opens at 1.00 and keeps going up during the day. You follow their guidelines and end up buying the stock according to their case recommendations. The stock closes at 1.50. At the end of the day AB announces "Buy confirmed". You're thinking "Great".
Now, the catch: They add "Buying price is the previous close 1.00." How could you buy it at 1.00 if it opened at 1.00 and just kept going up?? And don’t forget they told you to first WATCH the session before you buy...
That gives them automatic advantage.
It's even worse if the stock gaps up/down.
It's good for learning candlesticks though.
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