In this MarketClub Review we are going to talk about our experience with MarketClub and the positive benefits and features. Firstly, lets talk about stock market tools in general. Do you need them? YES! Secondly, It doesn't matter if you are a long term investor, day trader, or swing trader.
So lets be real. Everyone has tools they use to to help give them a winning edge in the stock market. And just like your investments, you expect a certain amount of ROI when purchasing a stock and the same can be said for any tool you purchase.
Of course, we all know your most important tool is your brain! But even the sharpest minds are fallible and will overlook things, even right in front of them. Notably one of our favorite things about our stock market trading community is that we are a diverse group with multiple eyes and opinions on the market, all looking out for each other.
As a rule, humans are social creatures. Thus we naturally enjoy as traders being able to bounce ideas around and ask look for confirmations from one another. However, a rock solid, proven, computer automated system for verifying a stocks direction can also be very powerful.
Hence the main reason we decided to do a MarketClub Review for our community. We have benefited from their proprietary "trade triangle" alert system many times over and you should too. News W/E 8/16.
Members of our community know that I like to draw trend lines, triangles and find channels. These are an essential part of my strategy for finding trade signals. In this MarketClub review, they also seem to like triangles and one of the most popular features of their paid membership is their algorithmic trade triangles system.
Moreover, their system uses a mix of different timing signals to produce daily, weekly and monthly "green triangles" that help the trader confirm that the odds will be in their favor when making a swing trade.
Given that Market Club is the way it is, swing traders are particularly drawn to the scanner. The green triangles signify a strong daily, weekly or monthly trend, and red triangles signify the opposite.
On the other hand, they aren't intended for finding tops, or bottoms - or exact entries. But they do offer possible entries, and they are quite useful. Here you always want to identify the trend (draw trend lines) and verify your moving averages, and candlesticks.
Next, you can configure your scanner with whatever individual criteria you wish, as well as sort the triangles by triangles up/triangles down. Every scan will produce daily, weekly and monthly triangles by default. We scanned over the weekend and looked back 3 days to find NEW weekly up or down triangles.
Next once you have your scan list, you can click on your individual symbols and take a look at the charts, and examine the trend, and triangle signals:
You can see above, that along with some basic technical analysis that the triangles were pretty reliable signals. A look at this chart you'll find that if you were to trade the green and red triangles long and short respectively, you would do well. Most of all the key to remember is that the Monthly triangles will identify the trend, and weekly triangles will identify possible entries, exits, and re-entries.
Additionally there is also a momentum strength score given by MarketClub between -100 to +100. It's located in the top right of the chart underneath the triangle legend. This number is helpful for gauging the upward or downward momentum. Also, if you are newer and want to learn more about swing trading to build your knowledge and kills, we recommend that you take our swing trading course.
Our courses along with a market club membership will help you become a more profitable, confident trader. Click Here to purchase MarketClub.
Furthermore, another great feature of MarketClubs membership is their smart scan filter. Particularly, this page comes with 24 pre-built scan criteria that can be further filtered out by price and volume. Most importantly, one of my favorites is the "first week high scan". While on this setting you'll find the stocks that are just beginning to break out!
Here we see a few examples of of new weekly highs. Given that, there are many results in the scan, know you can refine it further by using the filters on the right. Keep in mind, especially on a day like today (2-5-2018) is that MarketClub's scanner is a great tool for bear markets too. Find trending stocks up despite a bear market or find the stocks making new lows to short. Next scan for new red triangles for purchasing put options or shorting. Lastly if you don't know what options are and want to learn more, take our free courses. Check out a list of the top trading companies. Also, here's a list of the top free trading brokers.
In conclusion, MarketClub provides some fantastic tools for traders. In all honesty, we really like their alert system which will send you an email whenever one of the stocks in your portfolio has a new up or down triangle, depending on what time frame you are looking for triangle data for.
Indeed, Market Club is great because it alerts you in real time when the stock gets a new trade triangle which can be a great opportunity to place a long or short trade! Below is an example of an email I received today on Facebook ($FB). There is nothing like getting that trade alert you have been waiting for! Its nice knowing MarketClub is keeping an eye on my portfolio even when I cant. In order to give myself the best trading edge I like to use Market Club along with TrendSpider. Between the two alerts I have a powerful 1-2 monitoring system.
Lastly, please watch our Market Club review video by Tim Davis detailing how to use MarketClub and its Trade Triangle system and many of the other features that come with a Market Club membership. We hope you enjoyed this Market Club Review and that you will take full advantage of all it has to offer.
Above all, if you're looking for a really good real time, day trading scanner, check out our Trade Ideas Review on how we use their scanner to find stocks moving intra-day!
Seeing that you've read this review we figured we'd let you know we are here about. We put our hearts and souls into our community. If you’d like to learn more about trading be sure to take our courses on our website, join our community, access our trade rooms, access our private next level trading videos, and access our watch lists and watch list videos showing you how we find support and resistance levels to find stocks to trade. See you around
Great information, fantastic YouTube videos for anyone new to stock trading.Theodore v.
One of the most reliable sources for stock/options trading info that doesn't break the bank.Jake R.
Solid, normal guys, looking to educate and help people- a rare thing these daysJohn B.
Excellent resource for trading insight. Thanks to the owners and operators of Bullish Bears.Jeff H.
Excellent group, they care a lot about the people in itRichard C.
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