Frequently Asked Questions:
What is your swing trade alert service?
You get monthly emails with the exact 10 stocks to buy, sell or hold for the next 30 days.
These emails are sent on the 6th trading day of each new month. If there is any action to take within that month (such as a position being stopped out), I email you immediately with instructions.
Can I use this system inside an IRA?
Yes! If you have a self-directed IRA you are all set. Just log into your account and place the orders to buy and sell like you would in a normal cash account.
Can I trade options on your signals?
I strongly urge most people NOT to do this. There are many variables involved. There are times where we can be in a position for a couple months and you need to be aware of option expiration. However, if you are comfortable with option trading, then this might work for you.
Does your system use stops?
Yes. Stops are very important in the stock market. You have to know when it's time to cut your losses.
Unfortunately, most traders place their stops too close to their buy point and get stopped out again and again.
Giving your stock positions some wiggle room to move around is the best approach. This system uses the 200 day moving average. Both in back-testing and real-time trading this moving average has been shown to be the sweet spot.
Why would you sell your system?
Great question. Everyone knows that if someone had a system that beats the market, they would never sell it. That's true. I won't sell my trading system at ANY price.
At the same time, I know there's room for a small percentage of people to share the "pie" so to speak. Plus, the additional compensation allows me to keep compounding my portfolio without having to make many withdrawals.
What if I miss a signal...can I buy it now?
If you miss a trade signal I recommend going ahead and buying the current stocks. Markets can go straight up.
How much money should I start with?
The minimum suggested is $5,000. A deep discount broker like interactivebrokers.com makes it easier to trade with smaller amounts, but $5K is the BARE minimum suggested to make it worth while.
How do I start up a brokerage account?
The best way I've have found to start up a brokerage account is to go with a deep discount broker. The reason for this is simple: low commission costs and fast execution. Many deep discount brokers charge as little as $0.005 per share, and as low as $1 minimums. All you need to do is apply online.
What if I'm not in the US? - Take a look at interactivebrokers.com
(I have no affiliation with any broker)
Is this legal?
Yes, perfectly. While we have a massive advantage, it's not an unfair advantage. We are using technology to increase our odds of success. Anyone else can do the same if they put their mind to it.