Devoted to understanding the basics and fundamentals of investing

I've been with GorillaTrades for 8 months and all things considered, I've been very pleased, especially with this recent run they've had lately. In choppy markets (aka most of this year) they've beaten the market, but nothing to put the farm on, but when the market starts to move up, things really start to kick in for them. They usually issue 1-2 picks a day based off of their technical scans of the market, I'll usually take these and pick up one of them every couple of days in usual markets. But once things start to move, I'll invest MUCH more liberally and its been splendid. I have a friend who has been with them a lot longer than me, and he swears by this method as well. Anyways, hope that helps someone.

Wayne, thanks for letting us know. I am interested in doing a paper trading contest at some point. Using GorillaTrades and a few others. We would run for a year and compare results. It should be fun. Any interest in participating if we get it set up?

I was a subscriber for three months and after only making sub par returns, I decided to do an analysis of all past trades. This can be done by analyzing their individual trade results in their "closed trades" excel spreadsheet. An analysis of their closed trades show that in fact their returns are very dismal (way below the S&P 500) even when only analyzing their "confirmed" picks. My suggestion is to buy one good performing mutual fund instead and make much better returns, save yourelf a lot of time managing a large portfolio, and save massive commission expense, as well as the gorilla's subscription fees. Have you ever wondered why they do not publish their net returns for their stock pick portfolios? Because they are awful ! See http://www.gorillatrades.info for more information.

CDC,
Thanks for the feedback! I went to your link and read much of the information there. VERY interesting. Without real users' feedback we can't know. I will leave a comment on the site in a couple of days. Are you the author of the blog? I'd love to see more of your work.

Larry

I am thinking of subscribing to Gorilla Trades and I am interested in looking at the info provided by CDC but I don't see any info on the link provided. Any help on finding this info would be appreciated.

Mike,
Try www.baboontrades.com. It is the new URL for the site CDC was referring to.

Larry

I have also tried GT and found it to be fair to low. I look at my trading as a business, after all that is my only income, and after cost analysis I felt it did not meet the standards needed to justify the expense. A good scanning program works much better in my eyes. Matching scans I would have to say the 2 big secret indicators or Fib ratios and a wave pattern. I have a program that lets me screen out using the Gartley count and confirm with Fib ratios to get my exit points. Oddly enough they were matching GT's scan. So with that in mind why should I pay extra for what I was already getting. Now if you have no idea what you are doing anyway, great, I look forward to seeing your money on Wall Street!

Scottyb, Thanks for your comment. What other systems have you tried? What do you feel about them. Tell us about your technical trading system. Is it proprietary or can you share the screens you use to select securities or for entry and exit points? We would enjoy hearing about it.