| I've always been skeptical of "stock trading | | | | change. A buy signal was given at $39.80 on the |
| systems". While I believe that the markets can leave | | | | weekly chart. The next sell triangle? June 26 at |
| footsteps, and they can leave tips on the direction of | | | | $67.65. A $27.85 profit. Huge! As long as the monthly |
| the market, there was no way that any stock | | | | was showing a green triangle, they were in the |
| trading system could generate results consistently. I | | | | trade, racking up the wins. |
| came across Market Club, and decided to check out | | | | Seems too simple doesn't it. |
| one of their videos. | | | | I checked out every one of the videos they have on |
| The first thing that struck me was that the quality of | | | | their site, many of which provided great opportunities |
| the videos. They didnt look like many of the other | | | | to learn about the markets. Adam Hewison's |
| smooth videos I have seen. What I mean is, so | | | | comments about oil were bang on what I have been |
| many of these free videos are created by | | | | saying for awhile. |
| marketers. They talk about all the right things, they | | | | So I signed up just to see if this was true. Is it that |
| show you all the right charts, they show you | | | | simple. |
| everything that you want to hear. The first video I | | | | As you are no doubt predicting, yes, I was |
| watched gave me the feel that it was a friend who | | | | impressed, and yes I made money. Lots of it actually. |
| was blown away by the results, and wanted to | | | | The only downside to their methodology is that |
| share them with me. | | | | you're in trades later than you might want to be |
| Sure enough, the video showed me a really easy | | | | (their sell signal recently on AAPL was about $30 |
| method of buying and selling stocks. Trade the | | | | from the 52 week high. Of course, if you were in |
| triangles is the methodology they use to determine | | | | AAPL when they said to first buy, you're not |
| the trend of the market. First, they determine the | | | | complaining!). That said, how many times have you |
| trend based on the monthly chart. A green arrow | | | | wished that you stayed in a trade a little longer and |
| gives the thumbs up that the trend is up, while a red | | | | not shaken out at the first wave of selling pressure? |
| arrow notes that the trend is down. This also | | | | MarketClub helps those like me who are tempted to |
| indicates where you should jump in either long or | | | | sell at the first push of profit taking, only to watch it |
| short. Then they switch to a weekly chart. This | | | | push up even higher. |
| indicates when to get out, and when to get back in. | | | | The only downside is that the charting platform is |
| Unlike other videos, they actually showed a trade | | | | java based, and is rather resource intensive. There is |
| that didnt work out initially. That alone suggested to | | | | an automatic Fibonacci tool which is very handy, and |
| me that they are being honest. Bonus points there. | | | | its easy to move between the weekly and monthly |
| They showed how they traded Amazon (AMZN). | | | | charts. |
| Based on the monthly chart, they went long at | | | | The biggest benefit to this type of trading system is |
| $38.59 in November 2006. Using the weekly to | | | | that you don't have to watch the markets on a daily |
| indicate when to get out, a red triangle was noted on | | | | basis. I no longer am glued to my computer |
| December 4/06 at $39.09 for a $0.50 gain. They | | | | throughout the day worried about where my stocks |
| reentered the trade on February 1/2007 at $39.00. A | | | | are trading at. |
| red triangle appeared on the weekly at $37.71 on | | | | They offer a 30 day trial at which time, you can |
| March 5th, 2007 for a loss of $1.29. What surprised | | | | cancel your membership, and get a full refund. I |
| me is that every stock trading video I have ever | | | | know that in my first MarketClub trade, I made more |
| watched, always shows winning trades. MarketClub | | | | than the cost of membership. If you follow the |
| was not afraid to show that some trades will result in | | | | "Trade the Triangle" system, I'm confident you wont |
| losses. | | | | be contacting them asking for a refund. |
| However, on March 29, 2007, that was all about to | | | | |