Mary, please visit this web page:
I used to subscribe to some of the Red Option services, it was all right, I guess. Maybe I was too much of a beginner to think about what they were recommending.
I am most impressed with Shadowtrader.net. I really like Peter Reznicek's SwingTraderPro daily advisory, and Blake Young's ShadowTraderFX advisory. Both are very education-oriented, in my opinion.
Still, I don't think you can subscribe to stock pick services or autotrade services and turn your back. The more experience I gain, the more I find that I might disagree with the opinion of the advisory. I feel that their job is to create picks, so it becomes your job to filter them through what your beliefs are. (ie., the advisory might have a bearish stance on the current market, and you might disagree and be slightly bullish. Therefore you might not be so eager to take short trades, etc.)
However, this is not what Van Tharp advises in Trade Your Way to Financial Freedom. He says that if you believe strongly enough in a company to subscribe to their advisory service, then you cannot cherry pick their trade recommendations. He is viewing this as a SYSTEM. You have to take all the trades the system puts out, cause you don't know ahead of time which ones will win and which ones will lose. Best wishes!
On Fri, Dec 11, 2009 at 12:56 PM, thecthing <theCthing@yahoo.com > wrote:
This sounds interesting to me, Paul. I live on the west coast and am tired of getting up early. Do they let you view their track record?
thanks
Mary
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