Porter Stansberry TradeStopsJust listened to a two hour pitch from Porter Stansberry regarding TradeStops, which he’s offering (apparently today only!) for a mere $2000, a 60% discount from the market price.
There was extensive discussion about how the VQ (volatility quotient) enables TradeStops to make much better decisions about when to sell stocks.
Has anyone used TradeStops with the VQ feature, and do you agree that it’s a valuable feature when using trailing stop losses?
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I have two TradeSmith subscriptions that I am very pleased with. I was able to purchase TradeSmith Plus for a special price of $99. It gives me the red, yellow & green stock rating & the VQ quotient on each stock. You can also plug in a percentage trailing stop if you don’t want to use the VQ. This subscription gives me all the info I need. I will not buy a stock unless it is in the green zone.
I also have Jason Bodner’s TradeSmith Investment Report. I got it for one year for $29. His stock pick portfolio is the best. He & his partner Lucas Downey send out an e-mail almost on a daily basis.
You also can sign up for TradeSmithDaily for free. Contact them and see if you can get any specials.
Stansberry was pitching TradeStops to its subscribers 2 to 3 years ago. The TradeStops guy showed h9w much better Stansberry recommendations results would have been if it had used TradeStops. Stansberry said then thar all its analysts were now using TradeStops. If one were investing on Stansberry’s recommendations, then WHY would one need TradeStops?
Anyway, Stansberry is either lying or else TradeStops does not work very well. As an example take Ferris ‘ Extreme Value letter’s recommendation of Sprott Inc. (SII) in 2021 with a buy under 37. It was claimed at the time to be the best, premier, most greatest (and many other superlatives) recommendation of Ferris’ career, THE ONE that he would stake his career on, so 9ne felt compelled to buy it. He then raised the buy under to 50. Well, it got as high as 57, but he never sold. It was supposed to go up with precious metals, but now precious metals are at the highest prices since, yet SII closed Friday at 41.54. So those who took Ferris ‘ recommendation have a loss or at best a very mediocre 3 year return. Either Ferris did not really use TradeStops or TradeStops blew it on this one.
My guess is that both of the possibilities are correct in this case. Stansberry analysts don’t really use TradeStops, and if that is the case, TradeStops is not as great as claimed and Stansberry is just hyping it to make money.
If you want to have a really good trailing stop loss, I would suggest Vector Vest. I have learned to use it screen and manage my investments. The full Vector Vest computer program is about $60 per month, and the App (on Google Play) that incldes ratings and stops along with much more great information presented in a superlative format is only about $20 per month.
I too really follow Jason Bodner and what he ssuggests. He tells logic for why or why not certain stocks are in his portfolio.
I learned to do tradestops when the service was cheaper. For myself, and someday I may pay for this, I ended thst service and have been putting stocks onba stop without their volitility quotient. I put my stocks in rotation so I reevaluate half my stocks every 15 to 30 days. I use a njmber between 15 and 25 percent. I determine the number based on how much I have invested, how strongly I believe in a stock, and the volotility accepted before selling. Tech stocks have a bigger percentage entered before they sell automatically. Stocks like Chubb, P and G, or gold stocks usually have less swing without skme type of warning. If they trigger an auto sell I know my whole portfolio need to be reviewed. Last time a stock I set at 15 percent triggered an auto sell was when the whole market dropped.
I hope that helps. I do review my transactions every day to see what triggered. Some I have even been able to buy back lower than the sale. A tech sell off or an earnings report lower than expected does sometimes cause a great stock to sell. By monitoring the sales, I hope to buy it back before it bounces higher. I have missed a couple of times but not enough to justify that newsletter. I would much prefer to invest that money, or buy the newsletter from Jason.