Steve Sjuggerud’s Nordic Cross
by winsleyman | December 8, 2016 12:24 pm
What is it and is it worth paying for?
Source URL: https://www.stockgumshoe.com/2016/12/microblog-steve-sjuggeruds-nordic-cross/
Steve Sjuggerud’s Nordic Crossby winsleyman | December 8, 2016 12:24 pm
What is it and is it worth paying for?
Source URL: https://www.stockgumshoe.com/2016/12/microblog-steve-sjuggeruds-nordic-cross/
Steve Sjuggerud’s Nordic Cross”Copyright ©2024 Stock Gumshoe unless otherwise noted.
It’s just marketing fiction for a quant service. It uses whatever entry/exit signal is best for the asset in question. But he likes to use 2x or 3x leveraged funds to pump up the gains without telling you what the increased maximum drawdown is over 1x (which is already substantial in some cases).
What’s really odd about his pitch is that he touts the infallibility of the “Nordic Cross” to predict movements in numerous individual stocks (over and over), yet his service does not pick ANY individual stocks, but rather, only ‘sector” ETFs. Seems more than a bit misleading . . . especially since none of those funds even begin to approach the stratospheric gains he claims on the individual picks. Have to wonder . . .