Anyone used “Trade Triangle” from Market Club?Hey,
I have been getting emails from Market Club and signed up for a free course. They send an email everyday with some technical indicator like MA or RSI and how to use it. They are offering a $8.95 one month trial.
I was wondering if anyone used their service and have any feedback. I see one review from 2011.
Thanks, VG
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Yes, I was a subscriber to Market Club for over two years. I found that the trade triangle signals usually came too late, both for entering and exiting. The information provided by Market Club is first-rate, and the system would probably work over time, but I found that I could do just as well using standard indicators such as Stochastics and the MACD. The trial is only $8.95, but the full price is around $500-$600 a year. Their charting system is excellent, as is their method of rating stocks, commodities, futures, indexes, ETFs, etc. They cover the market fully. My only problem was with the timing of their entry-exit signals.
Buyer Beware of MarketClub.com’s business practices. If you sign up for the $8.95 trial and forget to cancel – they will not send a reminder email… you get nothing as far as correspondence reminding you have signed up with them…. then suddenly BAM a $150 dollar charge is on your account! If you call them to cancel they are not nice, they are rude and will not remove the charge.
Yes, they pulled the same trick on me. Sighed up for the trial and bam, $150.00 charge on my credit card. I called and told them it was deceptive and should be in large font when registering. Going to call credit card and have them remove the charge. Too bad, I liked their service… kinda. Test trades did not make profit though.
Oh, I wish I came to this site before I signed up to understand about their business practices. They are absolutely rude when you ask them to cancel, over the phone when I called. Also the trial terms are deceptive. This page may help me to work with my credit card company to get my money back as I am not the only victim for their bad behavior!! Looks like there is lot of hardworking folks in MarketClub trying to establish some reputation with the type of techniques they offer. But there is at least one on the phone, to throw everything in to the toilet. Worst customer support!!!
@jmckay: thanks for your feedback. I have read at a couple of places that there signals often come a little late. No matter what system I use, I have my own exit and money management rules. I get out quick if trade is going against me and give it some room once I am in a no-loss situation.
I used the service for two years. Great service provided, lots of education. The triangles did a good job of keeping you in or out of the market when the markets were trending higher or lower but did not fare very well in choppy or non-trending markets.
I had to give the trade triangle service up becasue I lost too much money.
I found that the packages of stocks they might recommend and were touted as part of their great success were filled with microcaps that were way to volital and keep snapping my stops. I’ve been trading for 20 years, took the tutoring , adhered to specific plans they recommended, and had to give up. I couldn’t make it work. Sounded too good to be true in the first place.
@jfollis thanks! yep, I would expect it to work only in trending stocks.
@shoeless thanks! I was looking at some of there daily reports and it does look like that they have a lot signals were the stock is held for a long time and then sold for a loss even though it was up quite a bit. It is a bit confusing.
Doesn’t look like a system worth investing time and money in.
The Trade Triangle charts are very misleading. If you just look at the triangles you would believe it is working. But be careful and look at the prices of entering and exit closely. If you put your curser on the triangles you can see the prices. It is not working as it seems to be
I signed up but will cancel Monday after reading comments. Anyone using market trend signals? If so, good or bad ratings?
I like using this site it’s free and helpful.
http://www.stockta.com/
Thanks, Bro!
I think the journalism on the site is excellent, and the ability to research stocks
at 52 week highs and lows, etc is also very good. I haven’t had luck myself with
the trading triangles yet either. Also, there is a number for each stock from
positive to negative 100 which is a part of the red and green triangle rating
tool. These have not made any money for me but all are quite interesting.
What I’ve liked best has been Adam Hewisohn’s Friday trading idea that
has worked seven times in a row for me. This idea is quite simple. You
use the 52 week high list for Friday near the end of the trading day. You
are supposed to find a stock that is at, above, or near its high at the end
of the day. You scan the list of 52 week highs set to your own parameters
and then pick a promising stock to buy. I have bought generally at the
end of the day at 3:55 pm. Now you hold the stock you’ve selected until
Tuesday and sell it then. This day trading idea might not make you rich,
but it will surely pay for both your subscriptions to stock gumshoe Irregu-
lars and The Market Club.
I will start to paper trade the inverse of this idea, which is to scan the
52 week low list, and look for stock selections to short. I don’t know
if this will work, but as Beatles used to say, “Tomorrow Never Knows.”
“Turn off your mind, relax, and float downstream . . . .”
Another cool feature of The Market Club besides the tutorials, data
analysis tools, journalism is the oral analysis of each of the 350,001
stocks covered by their research. Adam Hewisohn’s voice is one of
the voices that analyze your favorite stock for you. Do you know
who the other voice is????? As far as I know it’s Scarlett Johanson!
Do I mean Scarlett Johanson from Match Point, from Scoop, from
Her, from Under the Skin, from the new one that is sci-fi themed
that has to do with her using, yes, I kid you not, 100% of her enor-
mous brain’s power? If you think I’m kidding check out the site
yourself. It’s free for a month I think if they still have the special
offer I used. I can’t for the life of me think of the name of this film.
Happy trading everyone and may the odds always be in your favor.
Thanks for your review.
You are refering to the film” Lucy”
Has anyone Signed up with Trader Travis who offers the $299.00 deal blueprint to success from Market Club ??
I did purchase it. I found that the videos can be helpful, but this you could find for free somewhere else possibly. I did not find it to make me money as they had said the timing of the triangles is late.
I have tried Market Club and was not impressed with it. Recently I have been using priceseries (http://www.priceseries.com). They have been very successful with trades and the site is very simple.
I lost too much money with these people. I had confidence in them, and put a lot of money on the line.
John
I feel regretted to waste of my time and money
I sent Marketclub an email with a few questions prior to registering. They never responded. That concerned me, so I’m moving on.
I”ve used MC off and on for 2 yrs. their signals are too slow for options but for buy and hold stocks its ok. you can do the same thing with your own system of RSI Macd or stochastics but the trade triangles give you a little more encouragement. Their signals are 30 min delayed. I haven’t tried the options side. I often find that I look at other methods but end up going back to my own system.
This is Trader Travis, the creator of MarketClub’s option service. (I’m also a user of their service).
I’m so sorry to hear some of you had a bad experience with MarketClub as I’ve had nothing but great experiences with them. Thus, it makes me incredibly bias, but I do “hear” your feedback.
I just wanted to let you know I recorded a free video that addresses some of your concerns as I recently received a tweet by someone echoing what’s here.
Since I’ve never had a bad experience, I couldn’t help her, but I did reveal the process I use that has allowed me to succeed with MarketClub. I pray it helps in some way and again, sorry to hear you had a bad experience with MarketClub.
https://www.learn-stock-options-trading.com/marketclubreview.html