It is an Alert service / Not a Trading community, Yes, sir!
***This is not in any way bashing IU or Nate or promote any other service, just personal opinions. You do not have to agree with me at all***
In my opinion - The Service is good and only SOME of the subscribers make money - AS - In order to make 'REAL" money with this service:
(1) You have to be a 'Real' Pattern Day Trader (i.e. offshore broker / workaround will not work)
(2) You have to have at least 50K cash (if not more) in the Trading account (i.e. smaller a/c will have difficult time to survive)
(3) You have to have a very fast / good broker (The ones which can execute trades fast and have 'hard to borrow' shorts available all the time)
Trust me - by watching the Trading DVD(s), reading Tweets from Nate and some Mods about all 'hot' stocks and how they 'nail' it, Watching the pics of PnL with thousands of dollars profits, looking at nightly scans each night, and joining the live chat daily - most of the 'regular' Subscribers thinks - they will start making money 'sooner or later'.... - but.... Sadly (in my opinion) for most - it may never happen, Yes, sir!
Do 'regular' Subscriber MAKE money using the service - absolutely YES!. But - Do they also LOSE money as fast as they make the money, Yes, sir!
Again, in my opinion - this is a service, in which you have to have a BIG account with solid tolerance level. You buy (or short) a stock with big chunk/size and sell it quickly with 10-20+ cents loss/profit. So, In other words, I am scalping all day by hitting and missing stocks, Yes, sir!
Below are some of my observation, which I think a lot of current or old Subscribers will agree with - but - most are either too afraid to admit (afraid to be ban at the site or bullied on Social Media) -or- 'think' that one-day they will magically start making thousands of dollars / week. So, they keep chasing the dream / stocks and keep losing their money, Yes, sir!
Subscription is too expensive per month (Standard ~ 200/m) - force you to buy yearly subscription to get discounted price (i.e. ~115/m)
~~ Wait a second - So, if I don't like the service - I am bound for the whole year? Yes, sir!
No questions asks during Market hours!
It is forbidden to ask any questions when market is open in the main/live chat. Yes this is 100 % true. You can ask the Q in Private message window to Nate -but - you may get a one-line answer back (whether it relates to your Q or not). Only Nate / Mods can post comments during Market hours - if you post a Q or make a comment - first your will be told by several members NOT to do it and if you do it again - you will be blocked.
~~Wait a second - So, I am paying ~200/m and I can not ask any question in the live chat during Market hours (i.e. the best trading community)? Yes, sir!
Most Mods do not answer during Market hours!
During trading hours most of the Mods either ignore your Private message Q -or- will have 'Do Not Disturb" message. But, they will gladly post their PnL on Twitter after market is closed.
~~Wait a second - So, I am paying ~200/m and join the best trading community - but - I can not ask any Qs during market hours with this community? Yes, sir!
Nightly scans are too vague!
You receive nightly scans (which is a good thing and some are very good picks) - but - most of the entries will have both buy/short comments, for e.g.:
$XYZ - This stock is keep going up for days - ..so may go long in the morning -or- if starts to go down - will short it....
~~Wait a second - So, I am paying ~200/m to find out - I can buy and short the same stock? Yes, sir!
No Entries or size are posted in live Chat!
Nate will never post his entry $ amount or size in the live Chat. He will say something like .. long..$XYZ... starter size...
~~Wait a second - So, I am paying ~200/m and I have to guess / chase the stock and no idea what size is good? Yes, sir!
Not suitable for part time Traders, as No alerts outside of Chat!
You have to be in the live chat (during market hours) all the time - as trades executed by Nate are 'only' posted in the live Chat.
~~Wait a second, So, I am paying ~200/m and I have to be glued to my PC - as I will not get alerts in any other way? Yes, sir!
Have you bought the DVD(s)!
Almost every scan or webiner makes several references of two DVDs (combines cost ~ 1,300) - with a soft disclaimer - that you don't have to own either DVDs.
~~Wait a second, So, I am paying ~200/m and I still have to own one or both DVDs to understand the Trading system used? Yes, sir!
No Technical Indicators used/showed in DVD!
If you buy the DVD - it contains tons of useful information and different Charts (which is a good thing) - but does not mention any Technical Indicator (Referred as 'mambo jumbo")
~~Wait a second, So I paid ~600+ for one DVD - and I will NOT learn any thing about Technical Indicators? Yes, sir!
I bought the DVD & Subscription - I am all set to be profitable - am I?
Both DVD and Subscription to Scans/Chat provides value - NO DOUBT!. But it is NOT for everyone. Almost 75-80 % traders executed are 'shorts' - which are not easy to borrow by any 'regular' broker (either you have to pay for the borrows -or- you have to have an account with the broker with at least 50K+ cash funds)
~~Wait a second, So I paid ~ 600+ for one DVD and paying ~200/m and can not make profits on most of the same traders - which best trading community is nailing - and posting the profitable PnL on Twitter, Yes, sir!
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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