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Old 06-24-2009, 04:17 PM   #1 (permalink)
 
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inthemoneystocks reviews


I don't know if I should be asking this, because I don't know David's status with inthemoneystocks.com and I really like the videos, but I'm just curious if somebody has tried their service and if it really paid off?

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Old 06-24-2009, 04:24 PM   #2 (permalink)
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You mean their 'classes' or their alert service?
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Old 06-24-2009, 04:54 PM   #3 (permalink)
 
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Originally Posted by brooklyn View Post
I don't know if I should be asking this, because I don't know David's status with inthemoneystocks.com and I really like the videos, but I'm just curious if somebody has tried their service and if it really paid off?

Thanks
i'm thinking about trying them for a month or two. I'm a pretty good chartist myself but I'm amazed at the levels they find. I think their service is fair for 49 bucks. at least to check it out.

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Old 06-24-2009, 06:24 PM   #4 (permalink)
 
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I have tried the premium service with Inthemoneystock.com for 1 months and I wasn't very pleased with it.

I am not here to bash them or anything but to me the nightly 30 minute video are unnecessarily long. To me I'd like to focus more looking at the charts - price, trend, volume. I don't want to hear all the non-sense such as Government buying program manipulating the market or what Goldman Sachs is doing. If the market went up or went down I could careless what is the motive behind it; I want to be able to learn read the charts objectively and to participate with the move and make money. And that is the ultimate bottom line.

Just to point something out, Inthemoneystock.com awhile back has a made a call on SPY and said it was going to drop a good 10 - 12% from 860 level. Now in hindsight that didn't happen. And there was no reason to suggest it just because the market was overbought (market can stay irrational longer than you can remain insolvent). It's things like that which have moved me away.

I have lost some money with them so that's why I am telling you here. In the end I don't blame anyone but myself because I take full responsibility for all my trading actions. It was an expensive lesson but I have moved on.
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Old 06-24-2009, 07:48 PM   #5 (permalink)
 
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I have not tried this sites premium areas yet, but I think this sites free side is great so I think it would be worth a try.
I would also say be careful of peoples bad mojo. just getting to the charts and not factoring in the news and trends is a way to get more losers then winners. IMHO
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Old 06-24-2009, 07:57 PM   #6 (permalink)
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Hi EK

Maybe if you name drop Informed Trades on them, you could get them to let you try it a month for free in exchange for you will writing an honest review of them and posting it here.

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Old 06-24-2009, 10:12 PM   #7 (permalink)
 
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Hi EK

Maybe if you name drop Informed Trades on them, you could get them to let you try it a month for free in exchange for you will writing an honest review of them and posting it here.

Cheers
Tek
That sounds like a plan!

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Old 06-25-2009, 01:25 AM   #8 (permalink)
 
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Quote:
Originally Posted by Bill_C View Post
I have not tried this sites premium areas yet, but I think this sites free side is great so I think it would be worth a try.
I would also say be careful of peoples bad mojo. just getting to the charts and not factoring in the news and trends is a way to get more losers then winners. IMHO
Trust me I do look at the fundamental news such as GDP, non-farm payroll, consumer spending, weekly jobless claims, etc...

What I don't care about is that there is a saying stating that some underlying force trying to bid up the JPM, GS, XOM at the end of last 30 minute of trading day to lift the market up. Who cares? Price pays, news don't.

At the end of the day you have ask yourself would you able to participate on those moves and make some coins, if not then there is obviously a flaw in your trading pattern.

Inthemoneystock.com hasn't been consistent with their calls. If you had being with them for the past 3 months or so you are definitely out of money for catching a falling knifes on those inverse leveraged ETFs.
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Old 06-25-2009, 02:20 AM   #9 (permalink)
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@EK,

Ive followed them a while back and i was at the point of entering their classes, but at the end didnt really had the money for it (was like 600 dollars). But IF you would subscribe to them, i would do their Seminar/Classes...its about 6 hours of explanation of how they do it.
I actually did tell them about IFT.com couple of months back, but i wasnt expecting to get a 600 dollar course for free
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Old 06-29-2009, 11:43 AM   #10 (permalink)
 
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I have their research service and so far its better than other services I have tried although I certainly want to be on it for a few more months before I conclusively decide either way. A lot of this has to do with what you expect to get out a service: a concrete list of plays and charts or some educational content to keep you informed of the overall market and educate you on finding and executing your own plays. They won't tell you "hey you should buy this stock at this price and then sell it at this price" nor are they going to have a super expansive watchlist. They focus on informing you of key levels, a handful stocks to watch in the near term and have a bit of educational content. They are mainly focused on ETFs and some of the largest companies.

There is a lot of content to give you a feel for what you are getting: watch their free intraday and weekend report videos on youtube and see how you like them. You can watch the archives of some of the daily videos on the site to see what they are like as well. If you are learning anything from their techniques and if the levels they discuss would be useful in the execution of your trading system. The research service is really an expanded version of that where they more openly discuss key levels and give a bit more explanation of why they put levels where they did and point out mistakes new traders make. The service also serves swing/longer term traders a bit better as they will go over daily and monthly charts in more detail.

If you already know what you are doing, I can't speak to what the service offers, but if you are just learning I find the videos educational: teaching charting key support/resistance and trend lines... I like it more than other services because a lot of other services focus on picks and usually they are all about short term plays and in the past I have felt that I am spending too much time relying on others calls without understanding them. I find this service gives you less direct picks (although they are there in some form) but is more supportive of you learning to do it yourself. I have been emulating their analysis of the SPY on the TSX60 (XIU.TO) and I'm having better success both from a confidence perspective on where I predict support/resistance and also measuring risk (I've performed fewer low-expectancy trades as a result).

As a swing trader I don't use this information as much, but there is some decent stuff posted on their free rants and rave blogs on an intra-day basis...

In summary what you are paying for is an expanded version of all the things they offer for free, in a more detailed form with more time frames being delivered to you in a more timely manner.
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