Several times each month I am solicited by various market touts who have a newsletter service, faxes or emails they are willing to send me to make me rich. That sure is nice of them.
The first thing that pops into my head is if this system is so good why are they willing to share it for the lowly sum of $19.95 per month. Of course, some of them will move the decimal point to the right and increase that front number, but not to worry - it is sold with a money back guarantee!
If you should desire to put your toe in the water here are some questions you might want to ask first:
1. Are the figures shown actual trades or is this hypothetical? If it is hypothetical you can stop right there. Total BS.
2. What is the minimum size account I need to take all your signals?
3. Do you use stops?
4. Is slippage and commission figured in?
5. If all trades were made for the past year what was the starting amount and the amount in the account at the end of the year?
6. What was the largest single loss?
7. What was the largest continuous drawdown (loss)?
8. How many winning trades? And average profit?
9. How many losing trades? And average loss?
10. Are you willing to tell me a few clients who are using your method with their permission, of course? (Get references.)
It has been my experience that you will not receive an answer or you might get a form letter saying their method is proprietary information and cannot be given out. Hogwash. We know where you can put that letter.
You might ask to see their model account. Surprisingly the Securities and Exchange Commission does not require these hucksters to maintain such an account. I'd like to see such a regulation passed; there would be a lot less of these methods and systems sold as most of them would go broke. Before you send any money please make them prove with additional documentation exactly what they are selling.
Al Thomas' book, "If It Doesn't Go Up, Don't BuyIt!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.
Copyright 2005
elite cleaning services Mundelein ..Stock trading can be a very profitable activity. You can... Read More
Hedge current portfolio positions and gain access to capital resources... Read More
Duck! No I don't mean a quack, quack. I meant... Read More
It has been said that low cost or even free... Read More
On the 40 year journey through the turmoil of a... Read More
Stock trading remains a very competitive field and the stock... Read More
People are always asking me when should I sell my... Read More
If you have not back tested your trading system, you... Read More
Analyzing growth stocks is an important focus for any investor.... Read More
Outlined below are some of the advantages and disadvantages of... Read More
It is finally catching up with them. The brokerage companies... Read More
Invest in the stock market for the RIGHT reason, using... Read More
One Saturday morning, while he was sitting at his computer... Read More
In his wonderful book, 'Multiple Streams of Income', best selling... Read More
In my opinion, due to the volatility of stock market... Read More
The debate rages all over Eastern and Central Europe, in... Read More
Disclaimer: Please note that I do not necessarily purchase, own,... Read More
When it comes to stock market trading it PAYS to... Read More
Ever have one of those sample boxes of candy? Each... Read More
One of the basic laws of physics is that a... Read More
Among the largest forces that affect stock prices are inflation,... Read More
I feel that an investment strategy in the stock market... Read More
What account size do I need?How much money can I... Read More
Profitable day traders recognize that momentum trading is among the... Read More
When it comes to buying a stock or mutual fund... Read More
Airbnb cleaning service Mundelein ..Recently I was invited to appear on a live CNNfn... Read More
One Saturday morning, while he was sitting at his computer... Read More
This is the continuing story of our two imaginary traders,... Read More
1. Do not spread your money too thin.My friend has... Read More
If you've ever flipped on the television to CNN Financial... Read More
In 1960 an engineer working for a watch company in... Read More
What! Me worry?Many of you remember the cover of MAD... Read More
You've decided to try your luck at trading stocks or... Read More
Using Swing Trading Strategies and Technical Analysis when Trading Stocks... Read More
A common problem I often see when working with living... Read More
The ABC's of Stock Trading SuccessStock trading success...why is it... Read More
It looks like we have now entered a new bull... Read More
Ever notice how behavior in one area of life can... Read More
In one of my previous articles (Investing in the stock... Read More
You should ignore analysts on TV, the radio, the newspaper... Read More
Professional stock options traders use the term lean to refer... Read More
For years I have been saying you must have a... Read More
Do you have a nest egg? You know, a place... Read More
If you have talked to a stock broker or financial... Read More
The debate rages all over Eastern and Central Europe, in... Read More
It is wonderful to be alive in the information age.... Read More
Options trading can increase the profits you make when trading... Read More
Quick, look out the window. It's raining. No, the sun's... Read More
Checked your 401K lately? Going back to about a year... Read More
The Shadow knows. There used to be a radio program... Read More
Stocks & Mutual Fund |