First let me state that I am in no way affiliated with Market Technologies. I work in the computer industry and am what you would consider a retail trader who trades mainly equities and futures to enhance my retirement.
I originally spoke with a Sales Representative from Market Technologies about their VantagePoint product in early 2015. When I originally spoke to the Rep, I was at work, busy and wasn’t really interested in talking at the time. I do remember that he was sort of pushy and wanted me to make a decision right away saying that I would earn my money back on the cost of the software within several months. When I was told the price, I said let me think about it. All I can say, and I will explain later is that I wish I had purchased the software sooner than I did.
At the time I was using another program that used only Neural Networks with no inter-market analysis so it’s predictions were based purely on the Neural Networks of a single market without any neural network analysis/relationships to the markets I am trading. Since I have been in the Business Intelligence software industry my entire career, the notion of combining Neural Networks with inter-market analysis (applying neural networks from other markets which have been discovered to influence another market) intrigued me so I decided to perform some research into VantagePoint for the next month. The information I was able to gather was through You-tube videos and unfortunately from what now seems as biased reviews on various websites. Many of the reviews were very negative about VP which had me concerned, but those reviews never explained how the reviewer exactly used the software, what they were trading, their goal, style of trading, risk management or what indicators they were using, what their strategy was etc., Most of the reviews just mentioned that the user lost a lot of money using VP. All of the negative reviews were vague at best and hence not helpful in my decision making, other than to make me nervous about purchasing the software.
I ended up purchasing the software and paper tested it for a 2 months before using other a strategy along with money risk management techniques such as trailing stops so there would be no way I would lose my all the money in my account like some of the reviews I read. Then I went live. During the first two months I used the software for live trading, I had 16 out of 18 profitable trades. But here is why I said I wish I had purchased VP sooner. Last year, I had purchased a large amount of stock in a company which is now down 30%. I didn’t use risk management on this trade because it was for the long term and I could handle the drawdown. Looking back in time with VantagePoint, had I owned the software, I would have seen that it clearly showed a down-turn a week prior to when I entered a long position into the trade even though my technical analysis and fundamental analysis were bullish and my charts where showing a strong upward trend, as were almost every analyst rating. If I had VantagePoint then I would have entered a short position and made a lot of money and then entered long/short as I saw fit. Two weeks ago, I entered two trades on my gut feeling because I didn't have time to look at VantagePoint the night before. I lost money over the course of two days before I was stopped out. I looked at VantagePoint later and it clearly showed a down-trend on both stocks several days prior to me taking the trade.
The software is not a silver bullet You need to put in place strong money management principles and trading strategy along with it. However, VantagePoint provides the predictive tools that you need to make proper decisions. It is what you do with those tools which will determine your success or failure with the product. If you are looking for a fortune teller to tell you what to do without putting any work into learning everything you can about the product and intermarket analysis, then you are wishing for a product which will never exist. If you follow strict a money management regime and trading strategy, you will make more money with VantagePoint than you will lose.
Yes, it is costly, but they have to pay for top-notch employees in sales, customer service and support, all of which I have found to be excellent. You don't have to send an email and wait for support, you can call up and get it anytime you need it. You can call up with questions or for ideas on how to do things and you will get a live person who knows the product and knows the market well. You will always pay more for any product for a company which will stay in business for the long term and provide unparalleled customer and technical support. You will also earn back the money spent on the product sooner or later, depending on how frequently you trade.
I wish I purchased VantagePoint sooner than I did because I would have made more money in one trade than the software costs. I will also never trade on a gut feeling again or listen to analysts who have no incentive to provide you with truthful information (there are winners and losers in the stock market and the analysts want to be on the winning side of the trade). I will always consult VantagePoint first and use it’s other tools as confirmation before entering into any trade in the future.
Do yourself a favor, if you have been thinking about purchasing the software, but have been on the fence, pull the trigger and buy the software. VantagePoint customer service will help you become successful with the software.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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