Are you a member of the 95% Club? If you're not among the 5% of traders who make money trading stocks, you're a member of the 95% Club. Until I discovered Market Club, I was definately a member of the wrong club.
I'm just a regular guy who makes money trading stocks. I dont work for a huge trading firm. I'm no different than you. So don't take it from me, instead, go to Kiplingers or Barrons magazine and look up some of the reviews they have given Market Club and you'll find they use words like "innovative" and "poised to grow".
Its no surprise that more and more investors are choosing Market Club when looking for software for stock trading.
The first thing I noticed was their honesty about admitting when they were wrong. Pretty much all stock trading software sites focus on the marketing. All you get is how perfect their system is. Not how their system is in reality. The holy grail of trading does not exist. You are going to have losing trades. Market Club builds trust with its members by being honest - it admits when the trade triangles didnt work. That said, its track record is overwhelmingly positive.
To say that Market Club was built for investors by investors would be an understatement. They've built an entire investor library, covering topics for stock investors, forex traders and futures players. Unlike most libraries, the Market Club investor library doesn't just show you a bunch of how to use the software type videos. So while their software can help with timing the market, these additional videos also help you become a more rounded trader.
You should consider signing up for their live trading seminars. In addition to being very educational, you'll find strategies that you can use to become instantly successful.
There is lots of information once you log in. Good news - the site is also well laid out. The navigation makes it easy to move around the site. You can learn how the system works by spending some time and checking out the videos.
The reason why the vast majority of traders fail can be summed up in 1 word: emotion. Traders have an emotional attachment to their money. Its part of the human condition. If we're not greedy, we're fearful. This is why there is software for stock trading. When you make your trading mechanical, you take out the emotion out of your trading. Thats where Market Club can help. Using their trade triangles, you literally go long when you see a green arrow, and short when you see a red arrow. Market Club uses 3 timeframes to determine the overall trend of the stock. Monthly, weekly and daily. If you are a trader with a longer term timeline, buy when both the monthly and weekly arrows are green, or short when they are red. If you have a much shorter timeframe in mind, use the weekly for direction and daily for entries and exits. If the two triangles are at odds, go neutral. It doesn't get any easier. Now you can check your emotions at the door.
This leads to fewer trading mistakes - which leads to more profits for you.
Do they work all the time? No. The good news is, I've found that when the triangles don't work, the losses are small, and usually fairly quick. No more turning small losses into much larger ones. This allows you to put your money to work in other trades that will make you money. I found that when the trades don't work out, its typically within a few days. I ended up holding the winning positions for a longer period of time. You won't find that every trade is a winner. So why be in it longer than you have to?
If you want to be a profitable trader, follow the trend and don't trade against it. Its easy to want to guess the next move the market is going to make. Its that form of greed that will make you want to short when you should be going long. Why trade against the trend? While you may get lucky from time to time, over the long haul, you're going to lose more money. The most successful investors ever have been trend followers.
What are some of the drawbacks to joining Market Club?
Market Club is best for swing traders and conservative investors, not day traders. Also, while I enjoy the talking chart technology, I do find that it is resource intensive. If you have a computer with some power, then it won't be much of a problem.
You'll make more money if you incorporate a mechanical trading decision element into your trading plan. If you are looking for software for stock trading to help make smarter decisions, I can't recommend Market Club enough.
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