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. For far too many years, I was a member of the 95% Club. Then I discovered an easier way to make money: I joined Market 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".
With rave reviews from several financial magazines and websites, it shouldn't come as no surprise that more and more people are looking to Market Club when searching 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. They focus on the benefits and how perfect their system is. 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.
Market Club was built with you in mind. It doesnt matter if you are an investor, a forex trader or you trade futures contracts, you'll find their library of videos and pdfs incredibly useful. These tips are not specifically geared towards their software. 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. Inside, you'll find the site is well organized and laid out with the investor in mind. The navigation makes it easy to move around the site. I can't stress enough to check out the videos. You will decrease the learning curve so much quicker as a result.
Traders have an emotional attachment to their money. Its that attachment that is the reason why 95% of traders fail. Its part of the human condition. If we're not greedy, we're fearful. Fortunately, its why there is software for stock trading. If all of your trading decisions are mechanical, there are no emotions to factor into your decisions. If you can follow a triangle, Market Club can help you. By going long when you see green triangles and short when you see red ones, determining the market direction is easy. Market Club uses 3 timeframes to determine the overall trend of the stock. Monthly, weekly and daily. If you are an investor with a long term picture in mind, go long when the monthly and weekly trade triangles are green or go short when they are red. For swing traders, use the weekly and the daily in the same fashion. When the two are at odds, go to cash. It doesn't get any easier. Imagine trading without emotion. Imagine the freedom.
When you take the emotions out of trading, you make fewer trading mistakes.
Does it have a perfect track record? Of course not. The good news is, I've found that when the triangles don't work, the losses are small, and usually fairly quick. If you keep your losses small, your profits will grow even faster. No sense keeping your money in a stock hoping it will change direction and make money for you. Another thing I found - the trades that didnt work out were usually within a few days. However, the trades that ended up working out, I was in them for awhile. You wont always make money on every trade. So why be in it longer than you have to?
Smart traders trade with the trend, not against it. Avoid trying to guess where the market is going next. Don't give into that temptation. When you trade with the trend, its like swimming with the current. The most successful investors ever have been trend followers.
Are there any downsides 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. This wont pose much of a problem if you have a computer with some power.
You'll make more money if you incorporate a mechanical trading decision element into your trading plan. This is why I fully recommend Market Club if you are looking for software for stock trading.
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