Jack Carter, Trend Point, Colorado Trading ExperimentHas anyone had any experience with Jack Carter’s, ”Colorado Trading Experiment” also called his ”Trend Point” program?
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I don’t even remember how or where I found it but I paid $7.00 for the Jack Carter 52 Wk. High 67 minute tutorial (I guess that’s his “Trend Point” program?) and it looks to be the best $7 I ever spent. That was about 2 weeks ago and I’m dollars ahead so far. It takes some work, selecting the right 52 Wk. high’s, applying his appropriate “filters” in making a purchase selection, setting trailing stops, and some other minor decisions. With Jacks outline I’m establishing my own system using Schwabs StreetSmart Edge platform and I’m confident (as Jack says you must be) that I can make this work. I think I need a month or so more to prove that it really works well.
I would appreciate input from others and I’ll gladly pass on my experiences. I’m a recent convert to Schwab and to use Jack’s system I had to add their StreetSmart Edge platform, a very powerful program of which I’m probably only using about 2% of the program. Any help on that would also be appreciated.
any updates on your post Neil. sure sounds interesting.
The $7 system is not the same as the 3,000 plus system he is offering. See my later post.
The offer for this trading software is $4970, which will identify a list of stocks which he claims will go up within 10 days. Is this a legitimate offer?
He is offering the software and life time support and free upgrades. You will also have to go thru his trading modules. A retunable deposit is need for an interview with him he says to get his approval to get his system. I haven’t seen any actual reviews and results from his system. You would need to be committed to learning the system and using his software.
Forgot to mention that you need at least $10,000 trading capital before he will accept you to trade his system.
I know Jack Carter as I signed up for his “Tricks of the Trade” program some time ago which served as my first introduction to stock trading. His Trendpoint software is based on buying high and selling higher in bull markets and short selling low and covering your short lower in bear markets. The software is very easy to use. He had very good strategies that I learned in “Tricks of the Trade” that have gone out of style because of changes in the way orders are routed to the exchanges. His Trendpoint strategy/software I don’t believe can go out of style.
Jack has been around for decades, selling different options (sell put -money on demand) and stock programs (trending software and wants to train you for $3997
What he doesn’t tell you, especially in the “money on demand – options (sell puts) is that his theory is to sell way out of the money options, which sounds great, except the premium you receive makes the trade worthless when you deduct the fees for the trade..
He’s selling a theory that the market has to collapse in order for the seller to have to buy the stock.
His examples state that you’ll collect $1200 in premium , when in reality you may collect .15-.20/share if lucky. At that premium , you have to sell at least 80 contracts and have to include the cost of ech contact .
Be careful with Jack, if it walks like a duck, and quack like a duck its a scam.