Complete Trader

Complete Trader

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trader76
Epinions.com ID: trader76
Member: Jay W
Location: Sunny FL
Reviews written: 18
Trusted by: 1 member

Don't waste your time

Written: Jul 11 '00
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Pros:Stock Pickers
Cons:Selling the "magic formula"

They are stock pickers selling some "secret" technical analysis formulas. They have 3 indicators that they created and use for long term forecasting; they sell you a book and 6 months of membership for $60. This is not much money for the book, since books about trading are fairly expensive, but there is not anything unusually great about the site. They focus on a time span of a few weeks; as a day trader, there is nothing of interest to me here. You are not allowed to see most of the site until you pay the $60. There is no free content, other than a Dow analysis that you can get just about anywhere.

I am always skeptical about anyone selling a technical analysis formula. There is an inherent Catch-22 about this; if the indicator is really so great, they could make more money off using it than selling it. Also, they make stock recommendations. If you are looking for a stock picker, maybe you should check them out, but realize the Catch-22 of the stock picker - when they tell you to buy a stock that they own, it can only make the stock go up. The lower the daily volume of the stock, the easier this is to do.

Unless you are shopping for a stock picker, I would say avoid this site.





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