TradeSmith’s VQ IndicatorAccording to Keith Kaplan, TradeSmith’s CEO, “The Mother of all Crashes is Coming.” He claims his “VQ” indicator will yield the *exact day* the stock market is going to crash. His super-secret VQ indicator appears to be just volatility rank, and he makes some rather wild claims, including that the ideas behind this came from a financial genius whose name he cannot reveal “due to privacy reasons.” The site is being hyped by ADVFN which I thought was a bit more reputable, but I guess not.
Caveat emptor!
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I received a promotional email for the TradeSmith service and took a look at it and then subscribed. It was short money $79/year (“normally $588) with a renewal of $99. Not a lot to risk.
It is based on the premise of portfolio protection and identification of volatility risk. In other words – the VQ is much like a Bollinger band (which measures price oscillation around a mean) , with the intent of looking at a dynamic volatility indicator that will keep you in the position for long-term gains so you don’t exit too early and miss the longer (multi-year) gains due to a correction drop that is within the range of the overall volatility of the equity. You can also add your own limits for alerts and trailing stops as well. They also have a “Health” indicator – which seems reminiscent of Marc Chaikin’s Power Gauge indicator.
Another useful aspect is that you can link TradeSmith (or TradeStops, a related service) to your portfolio (or watch list) at any of a number of major brokerages via a third-party service. I doubt that the major brokerages would allow that if TradeSmith were a less reputable vendor.
They also have extensive webinars and articles on their trading concepts and how to use the program and adjust for your risk preferences – such as using their position sizing tool.
So far I have found it to be a useful tool, used in conjunction with FinViz, BarCharts and others. All of their educational offerings will take a few months to work through – there is a lot there.
So even though you subscribed, it doesn’t sound like you know the date the market will crash?
Revised to say, so the date the market will crash hasn’t been announced yet?
Tradesmith / Stansberry just had a presentation offering TradeStops & package at half off: $2600/yr instead of 5200.
So … hey how about that link for $99!
Can you share that link for $99? I want to try this once …
Sit through one of the videos (I watched the one with the Oxford Club guys) and I think you will get the discount email. I did.
Just got a Tradesmith Email with Keith Kaplan holding an envelope saying the he has the exact date of the upcoming stock market crash!!! Oh Boy!!!!
Here is the Tradesmith (discounted) link:https://secure.tradesmith.com/?cid=MKT571950&eid=MKT579176&ld_trk=1_14511733393760796&assetId=AST200230&page=3
I started digging into this company a bit more, and discovered this link to BBB complaints about TradeSmith: https://www.bbb.org/us/fl/spring-hill/profile/investment-management/tradesmith-llc-0653-90333586/complaints.
Based on the number of complaints and the company’s responses to them, I think even $79 is too high.