In this MarketClub Review we are going to talk about our experience with MarketClub and the positive benefits and features. First lets talk about stock market tools in general. Do you need them? YES! It doesn’t matter if you are a long term investor, day trader, or swing trader.
Everyone has tools they use to to help give them a winning edge in the stock market. 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.
Now, 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. One of our favorite things about our free stock market community is that we are a diverse group with multiple eyes and opinions on the market, all looking out for each other.
It’s great being able to bounce ideas around and ask for confirmations from one another. But a rock solid, computer automated system for verifying a stocks direction can also be very powerful. That is 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.
MARKETCLUB REVIEW – TRADE THE TRIANGLES
Members of our community know that I like to draw trend lines and find channels as part of my strategy for finding trade signals. Well, MarketClub also seems to like triangles and one of the most popular features of their paid membership is their algorithmic trade triangles system.
Their system uses a mix of different timing signals to produce daily, weekly and monthly “green triangles” that help the user confirm that the odds will be in their favor when making a swing trade. Swing traders re particularly fond of market clubs system. The green triangles signify a strong daily, weekly or monthly trend, and red triangles signify the opposite.
They aren’t intended for finding tops, or bottoms – or exact entries, but they do offer possible entries, and they are quite useful. You always want to identify the trend (draw trend lines) and verify your moving averages, and candlesticks. Below is a scan of weekly trade triangles.
MARKETCLUB REVIEW – CONFIGURATION
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.
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. The key to remember is Monthly triangles will identify the trend, and weekly triangles will identify possible entries, exits, and re-entries.
MARKETCLUB REVIEW – SCORE
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. 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.
MARKETCLUB REVIEW – SMART SCAN
Another great feature of MarketClubs membership is their smart scan filter. This particular page comes with 24 pre-built scan criteria that can be further filtered out by price and volume. One of my favorites is the “first week high scan”. Here you’ll find stocks that are just beginning to break out!
MARKETCLUB REVIEW – TOOLS FOR THE TRADER
MarketClub provides some fantastic tools for traders. 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.
This 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.
MARKET CLUB REVIEW – TUTORIAL
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.
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!
If you’d like to learn more about trading be sure to take our courses on our website, join our community, access our trade room, access our private members only videos, and subscribe to our watch lists and watch list videos showing you how we find support and resistance levels to find stocks to trade. See you around!
CHOOSE A COURSE THAT WORKS BEST FOR YOU
Fundamentals of stock trading
STOCK MARKET COURSE
Simple day trading strategies on how to become a consistent and profitable day trader
Advanced day trading techniques
Basics of swing trading and also some advanced swing trading strategies
Basic and advanced options trading strategies and how to buy and sell options contracts
Set up your virtual trading platform in ThinkorSwim
THINKORSWIM PAPER MONEY COURSE