Thank you TideTraders, I'm on my way!
Two weeks ago, I put on a trade with a $200 stop loss and let my plan play out. Truth be told, it feels a little weird/refreshing to even say that I have a plan now…
Today, I sit $3025 richer off of that single trade. Not a bad risk to reward. What makes that so special? It was MY trade, and it would not have been possible without Rick and the TideTraders help. After closing the position and taking my profit, I felt like a little kid who just realized his ‘ol man let go of the bicycle seat and he was finally riding under his own power. Surely I will have my wobbles in the future and may even fall off the bike – but I now know that the bike can be ridden and I have the map to get where I want to go.
So, I thought it high time to leave a review here, the same place I found TideTraders in the first place.
If you’re like me, you want to become a better trader – either to supplement your income or simply set yourself free from the leash of corporate America and blaze your own trail.
By now you’ve probably searched high and low and have reached a state of virtual numbness and utter distrust from the dizzying array of thousand-dollar-a-month websites, indicator packages, and the endless waterfall of snake oil that’s out there.
That was me about nine months ago – the type of “investor” that routinely dumped money into whatever came out of Jim Cramer’s mouth, with no understanding of why I should take a trade or when to get out. After making a conscious decision to change my ways and quit the “90% Club” of “traders” who lose their money, I sought help.
I actually found TideTraders through these very Investimonial reviews in the middle of last year. I was skeptical at first but with the trial 2-week membership, there was literally nothing to lose. After two weeks of solid all-day education, I got more than a monthly $30’s worth in terms of both knowledge and real profit. I soon signed up for a membership and have not looked back since.
TideTraders is not simply a place where you can get a watch list to trade each week on autopilot - although you certainly could (see below). The education you get with Rick is unparalleled in my opinion. From before the market opens until after the closing bell, Rick will teach you how to fend for yourself. He truly does offer an evidence-based approach that teaches a trader to look at what professionals are looking at.
In essence, you will learn to trade like a professional. You will learn the speed of the market, how to be disciplined and wait for a trade, and how to use probability and odds in your favor (yes, they do exist) in order to make yourself one of the folks who takes money out of the market instead of giving it to someone else.
Granted, you may not be able to sit in front of a monitor all day (I work from home so I’m lucky in that regard)…. Even if you have a regular 9-5, Rick’s weekly commentary videos, Night Drive classes, and watch lists alone are well worth the price of admission. They will teach you how to view the market from a big picture down to a smaller one – something the “90%” of retail traders lose sight of amongst the bells and whistles of CNBC headlines and market action. This is invaluable for people like my former self, a full-time company man trying to turn a 401k into a safe retirement.
Simply using the weekly commentary by itself would save, and indeed earn, boatloads of money by allowing you to properly shift your 401k to adjust for larger market moves.
If you’re like me and looking to master the art of technical analysis to better pick your own trades, Rick provides not only great picks each week with entries, targets, and stops, but also outstanding weekly videos outlining his setups in great detail so you can begin to understand why you would take a trade, when to take it, and how to go about identifying similar setups. Something I’m finally start to do for myself after years of having a sideways if not shrinking 401k and trading account.
If you take the resources provided to you – whether it’s the day-to-day live analysis offered on-air or the vast catalogue of educational videos, charts, studies, etc. – you WILL become not just a trader, but a BETTER trader. You will learn to look at the market and see its cycles, it’s ebbs and flows, and the kind of moves that have proven themselves time and time again over the course of the last century if not hundreds and thousands of years. You will learn to look at things like seasonality and understand it’s impact on the market and how that might affect your trade, things like inter-market relationships, proper money management, and so on. The list goes on and on.
In short, you will see the market slow down, much like a professional athlete would describe the speed of the game changing as their skill level advances.
In the interest of full disclosure, I have also opted for personal coaching with Rick and it has clearly returned more than enough on my initial investment. We had a very lengthy discussion where we talked about my goals, weaknesses, strengths and more. I have since been moving forward as a student with a comprehensive plan and a teacher/mentor that is undoubtedly proving to be worth the investment.
I may soon enter into Forex as well and take advantage of Ash’s broadcast from the UK – another TideTrader contributor who’s doing his thing all-day long. There’s also Tiny’s broadcast for short-term momentum trades which I’ve enjoyed a number of times, but I will readily admit I’m partial to the swing trades Rick is covering (more my time frame according to my trade journal).
All told, it would be difficult in my opinion to lose money on this trade: If you can’t make back the $30 for a monthly membership inside of 30 days, you’re doing something drastically wrong. It may be tough to admit, but you’re either not paying attention, being an impatient cowboy of a trader, or simply getting in too deep too fast. It’s okay to admit defeat, I know I did.
However, if you’re willing to commit the time and absorb as much as you can from Rick and his staff, you will learn and you will earn from a dedicated workhorse of a mentor and team- one that is both literally and figuratively invested in your education and the building of your skill set. They also have a great community of traders that work with each other to share and trade ideas, which is refreshing in the seemingly dog-eat-dog environment of trading.
TideTraders is an incredible place that has certainly changed my trading for the better. Rick and his staff are welcoming, supremely insightful, engaging and above all, profitable. I could not be happier with my investment - for I am finally learning how to ride the bicycle.
DISCLAMIER: Trading is not easy and if you’re starting from scratch there’s a lot to learn. There is a reason that 90% of people lose money. You will not become a wildly profitable trader overnight - but making the conscious effort to get serious about your education and understanding of the market will certainly get you closer to that end. TideTraders will give you the tools necessary to make money where others lose it, IF you’re willing to put in the time to learn how to use them.
P.S. I can’t go without mentioning the importance of keeping a detailed journal of your trades with honest critique of where you went wrong and what you would change next time. Without one, you’re bound to repeat the same mistakes.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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