Your Mileage May Vary
I took the free trial of Fast Money Trading Team, but decided to cancel before my trial expired. Here was my experience:
1. Bruce announces his trades via voice rather than typing, so you need to have your computer speakers on. But this is good because you are more likely to match his entries or get close to them.
2. Bruce is primarily a contrarian trader, selling spikes or buying dips out of the open. He does occasionally trade with momentum as well, but this is rare. This may be why he's successful, as most trading days are range-bound when you're talking about high volume stocks like BAC or RIMM. However, while he's very consistent, he will occasionally have a big losing day if the market trends strongly out of the open and he's playing for a reversal.
3. Bruce is primarily "old school" in that he uses intraday RSI and fib levels to guide his entries and exits. However, it isn't always clear how he's using RSI as there were times where I saw him enter a trade when the RSI hadn't touched the 20 or 80 levels as he often talks about. Regarding fib levels, it isn't clear how he's establishing those; you have to be a paid member to find that out. I'm not much of a believer in fib anyway, but he does use them.
3. Most of the time Bruce announces his trades on cue, but occasionally he'll announce it too late and you won't have a chance to get in near his entry.
4. Before the market open, Bruce announces the high and low fib levels that he feels are important, and recommends buying or selling at those levels. Not all the stocks will even touch those levels during the first hour of trading, however. And occasionally they'll go right through them if it's a strong trend day.
5. I think a beginning trader might have a tough time. I've been trading for 2 years now and I had a tough time following him at first. I got better as time went on, though.
6. Bill's style was quite a bit different from what I've done, and I found myself missing trade opportunities in my own strategies as I was very focused on what he was doing.
7. Bill right now trades F, BAC, RIMM, AIG, BBY, and C. If you're using a broker with a per share commission, following him on C and F can cost you a lot in commissions as you need to use larger position sizes with those (he uses a flat $25K per position).
7. $195 per month is a lot of money for the service. I just didn't feel I was getting that much benefit out of it to move onto the paid subscription. Of course, I caught Bruce in the past few weeks when he had a bunch of poor trading days which he usually doesn't have. But still, I found it too difficult to consistently match him to make me want to pay that.
While Bill's results definitely are real, replicating those results yourself are another story. I found it too difficult, but your mileage may vary. You would really need to spend a lot of time learning his style to get benefit out of it, but I simply couldn't justify spending $195/month to continue to try to learn it.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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