Tradesmith’s Predictive Alpha Prime ServiceHas anyone tried this new service that bases its picks on AI? The presentation I saw yesterday with Keith Kaplan was very intriguing . Its picks predicts stock prices in 1 and 2 months. Cost is 1,799/yr. Might give it a go but would like to hear of other’s experiences. Thanks
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There is a cheap cutdown version for $49 which just gives you the chance to research one stock a month but gives you a couple of recommendations as well. I’m a little tempted, they talk a good game…
Stevelparr, what is the cut down version called? Where can I find it?
I was intrigued by the presentation also, but Keith Kaplan still comes across as a snake oil salesman to me. He gave multiple examples of the “predictive” power of his algorithms on individual stocks, but did not give any examples of stocks on which the prediction didn’t work well, or any statistics on the total win rate or percentage of accuracy across the spectrum of stocks to which it was applied. Even if he did, there would be no way for us to verify it. As I read it, if you don’t like the service, there is no refund, only an application of your $1,799 fee to s different Tradesmith service, and if you do like it, the fee is $5,000 the second year.
$1500 here at least till midnight https://secure.tradesmith.com/?cid=MKT742093&eid=MKT745875&assetId=AST303031&page=3
$49 for a one-year subscription:
https://secure.tradesmith.com/?cid=MKT741444&eid=MKT745650&assetId=AST302428&page=3
Video:
https://secure.tradesmith.com/?cid=MKT741444&eid=MKT745650&assetId=AST302426&page=1
$49 for a one-year subscription:
https://secure.tradesmith.com/?cid=MKT741444&eid=MKT745650&assetId=AST302428&page=3
If they have a secret formula they would use it themselves to mint money or at the very least allow a hedge fund to use it and take a cut. All systems sold to retail are snake oil.
Did some digging on Predictive Alpha Prime and TradeSmith. What I found is very encouraging. While TradeSmith alludes to the AI predictive Alpha product having been developed in-house, and it very well may have been, I found that TradeSmith’s foundational software platform that anchors their brand appears to have been developed by a very reputable international financial software development firm: iTransition Group. Instead of posting conclusions, I will simply suggest running some web searches such as “TradeSmith and iTransition”, “iTransition AI machine learning R & D”
iTransition Group is the real deal, international footprint and big name clients (e.g. Salesforce, Inc to name but one). Look at everything iTransition is doing with data analytics, AI, and trading platform development and they seem like a natural fit for TradeSmith to work with in developing an AI machine learning, trainable, stock price prediction service.
Based on what I found by thoroughly reading all the info from the above suggested search strings, I believe that Predictive Alpha Prime may be the first legit AI stock price prediction service to be offered to retail investors. With the possibility (it is of course only a possibility and not confirmed) of two financial data analytics heavy hitters like TradeSmith and iTransition Group working together, the chances of Predictive Alpha Prime giving subscribers a game changing edge in investing look solid to me.
Predictable UpSells for TradeSmith’s Predictive AI program starts with $49 (off the $199 “regular price”) then the next screen is an upsell for the $199 version, then if you buy that, the next screen for “Complete Access to ALL of An-E’s predictions, every day, for nearly 3,000 stocks” is $1799 / year (off the retail price of $5000). If you click Decline you get an offer to pay $499 quarterly.
Since May I have done 17 of AI’s recommended trades on the dates. 12 have gone up and 5 down. Not too bad. I was hoping for perfection, but hopefully AI will get better with time.
Now the offer is only $49 for PREDICTIVE ALPHA i valuable or not for this price?
I have the Predictive Alpha $49 service , but not impressed will call Monday and request a refund. I am saying bye , bye to the service before my 60 day trial period is gone.
There’s also An-e that’s being promoted.
The sales link of the transcript (hate watching those videos) is here:
https://secure.tradesmith.com/?cid=MKT733979&eid=MKT747832&assetId=AST297482&page=2
Anyone tried An-e?
So has anyone purchased this?
I just requested a refund from this service (you only get credit toward other products). I found it unusable for my portfolios and consider accuracy less than 25%. I couldn’t use it make decisions to get in, add, stay, reduce or get out of positions based on their predictions.
The recommendations they have provided haven’t done too bad (long only), but the market is also up and I have done just as well with my own picks. I tested to top 15 – 25 long and short predictions (weekly) and got mixed results. Long positions did slightly better than S&P and Nasdaq, but short predictions were horrible. Bad enough I considered using them as a contrary indicator.
I requested support data on historical accuracy and was told they don’t have any except what was being built by the recommendations after launch. This is a data company that has been developing this product for over 6 years…
Prsentation says ‘Over a five-month time period, the stocks in that top 10% – the ones predicted
to go up the most – showed an average return of 6.5% with a win rate
of 68.7%’ I have subscribed to the watered down $49 version to test it out to see if it is ‘sake oil’. The flyer clearly says if you are not satisfied in 60 days you can have a full cash refund of $49. When ordering make sure to turn off auto renew – you can only do this by calling the company. Speaking to one of their agents thay say you will receive an email 30 days before the renewal date. So trying out in a limited way cost nothing and you can decide for yourself if it is of any help to you.
I’ve been trading the Predictive Alpha recommendations since mid-June selectively after looking at the charts, and so far have had really good results. These are short-term trades designed for 21 trading days but often exited much sooner. Some may be traded with puts or spreads to increase leverage. There is a fair degree of volatility. How much of the success can just be attributed to the bull market we’re in I don’t know. Premium Tradesmith subscribers can access this tool to see predictions for the next 21 trading days on 3,000 stocks and make their own selections as well.
Following up to my previous comment, Predictive Alpha started off well but has since turned into a disaster, with losses wiping out the earlier profits and then some. Some of this is no doubt due to the change in trend of the market, which makes me think it may be more useful on the short side while the downtrend continues. They now generate a list of the top 10 long and short recommendations. But clearly the jury is still out on this service.
I made the mistake of purchasing this. I am currently seeking a refund. It’s not accurate. They claim that 70% of their bullish picks were up. What they don’t tell you is that 84% of the bearish picks over the same time period were also up. It’d be funny, if I didn’t pay so much for it. I kept a spreadsheet of the predictions and compared them to the month later prices. It was off the target price by more than 5% two thirds of the time. They are also very pushy with upselling, and spam me constantly with snake oil marketing pitches. Avoid it.
IN my opinion I cannot see how a prediction that changes daily is very helpful – AI or no AI
Using the $49 version this is what has happened so far.
The first free pick I was given was stopped out due to a drop in price.
I used one of my free searches using UPST
Date Price Target Target Date
UPST 31-Jul 65.18 74.96 28-Aug
UPST 6-Aug 60.73 69.83 5-Sep
UPST 8-Aug 51.97 60.98 6-Sep
The price dropped 13.21 in a week and the target dropped $13,98
Since the prediction is all over the place in a matter of days, how confident can you be in investing using the predicted price as a guide ? I suppose since the target dates have not arrived yet, it is still possible for at least one of the above targets will be met – but the data do not inspire confidence.
I agree with the comment about pushy marketing. Tradesmith makes it difficult to get out of the emails. I received one and looked for the unsubscribe link – it took me to a manage emails page which did not work and I had to call customer service to stop the email.. In addition when i signed up for the service there was no way that I could disable auto renew on line, I had to ring up customer service.
What I have learned about my interactions with Tradesmith is not to subscribe to any of their services for anything. The pushy marketing, the inability to manage accounts on-line, the high prices and their refusal to give cash refunds spells stay away. Personally, I would never subscribe to anything that does not have a free trial for a limited period and a chance to stop auto renew, or a cash refund if the services is not for you.
On July 19, 2023 in a webinar Tradesmith AI predicted the 8/19/23 prices for AAPL, META, and NVDA to be $194, $317, and $480, respectively. The actual close prices on 8/19/23 were $174.49, $283.25, and $432.99, respectively. Pretty far off…
If anyone is a Tradesmith subscriber Please call and ask for their explanation.
Wasted $4000 on Alpha Predictive Prime for a lifetime subscription. Fortunately, I tracked several stocks before buying any. Every one I’ve traced has been a loser and would have lost real money if I had followed their supposedly great recommendation. I wold avoid it like the plague. No refunds. You will do just as well, or better, on your own.
@Tigrfan
How much would you ask for “Alpha Predictive Prime for a lifetime subscription”. I may be interested.
This site promotes a discounted offer for the AI-based investment advisory system however this trail was important to conduct the due diligence. It is the same system called Predictive Alpha “LITE” Tradesmith offers for a $2500 “Discounted Price”. The whole presentation revolved around the same Tradesmith tool, supplemented by a bunch of newsletter packaged system from a Louie Navellier. https://orders.investorplace.com/?cid=MKT765212&eid=MKT769987&encryptedSnaid=v0JZ4GacfOf3ChfE4RhC1rPkAtUIOzzZbpN0OvZVmB4%3D&step=start&emailjobid=5418297&emailname=NAIA_AC_MKT765173_2HR_OC24290&assetId=AST317832&page=3
For anyone interested in latest performance of Predictive Alpha Prime, it’s been a loss making service for those who followed the recommendations since the service started this year. They have a record online of the portfolio of stocks they’ve recommended since inception of the product and if you put the same amount of money into every pick they sent you and sold stocks when they told you, you would have made a slight loss overall. Their system isn’t coping well with the market volatility this year. That said, there is some valuable information you receive from the company (website documents and videos) which tell you about creent and likely short term state of the market. The AI program which predicts stock movements needs to improve a lot before I’d be willing to recommend anyone paying $1500 or more to join. But apparently the AI will improve as time goes on….