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written by reader Dr. Richard Smith’s Tradestops

By redbark, November 10, 2015

Is there anyone who has got into Dr. Richard Smith’s Tradestops? Do you recommend it?

Jim Russell

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Stan
Stan
2 years ago

I just joined Tradestops only to learn about SmartStops.net which seems to have a smarter trailing stop approach. So I joined them too. And when I went to cancel my $1500 subscription to Tradestops with their “30 day money back guarantee” , they are telling me they can’t! Seriously?! And that they can only issue me a credit to other services. I had to cancel my credit card to dispute this! Not good business. I checked with SmartStops and they say you can cancel at any time and do it online as well. And you’ll get a pro-rated refund if you signed up for their annual plan.

dinjax
dinjax
2 years ago

I bought Tradestops pro for a year starting in late 2018. I used it to identify and invest in several stock in their green zone. Unfortunately, most went red in the market drop at the end of 2018 and I didn’t know the program well enough to use it to set appropriate stops. It was helpful to teach me to use volatility to evaluate where to set stops. It recommends a 1VQ (Volatility Quotient) stop, but I prefer setting it tighter, especially for stocks with a gain. One good point they make is to reinvest in stocks with gains greater than 1 VQ which tells you to basically ride your winners.

One flaw I found was the conflict between the optimal portfolio setup based on VQ and the recommended increased additional investment recommended when a stock gain exceeds its VQ. When that stock has a high VQ it means your portfolio will necessarily take on more risk if you follow that process.

On the negative side, when buying the various stocks that were in the green zone I put too much trust in their program and did not research them as thoroughly as I should have which resulted in some questionable buys. It was a painful learning experience. Ultimately it didn’t give the performance I expected during the time I had it so I did not renew. My overall impression for Tradestops is it probably works better in an up market than one that’s trending down or sideways. I’ve had better results since cancelling by digging deeper into fundamentals like gross margins, ROIC, cash flow, etc.

The Billionaire’s portfolio sounded interesting so I took a free look, but didn’t see any value. It didn’t seem like their information was any more timely than what you could find on your own. Here’s one source that shows who bought, how much and when- https://www.gurufocus.com/stock/PLAB/guru-trades
Also, their stock picks didn’t seem that unique.

I get more value from Stock Gumshoe articles and comments. Thanks!

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