The pressure is on!
Top Trades has become one of Philstockworld's most popular Memberships and that's a shame because I actually hate trading services that just give out trade ideas. Unfortunately, that's what the market demands and, though Top Trade Members miss out on the trading education and deep discussions we have in our Live Member Chat Room, they usually do get a lot of great trades.
That is, until September they did! In our first year of Top Trades, beginning in August of 2015, 96 out of 119 Trade Ideas (80.6%) were immediate winners and half of the initial losers turned around over time and became winners as well. Perhaps it was shooting fish in a barrel in a bull market. Unfortunately, our second year got off to a rough start, with just 7 of our 16 ideas in September and October winning by Dec 10th (we have to give them some time before reviewing). Of those 9 losing trades:
- ERIC is improved but still red
- TEVA has not improved
- MON is now a winner
- CMG is a home run
- SGYP is a huge winner
- LL got worse
- TASR is now a winner
- TWTR still in the red
- JO was a winner but now a loser again (wild swings)
So 4 of our 5 losers are now winners and these are long-term trades, for the most part - it's not like we can expect every one to win immediately. The point is that these reviews are simply initial snapshots to see how we're doing - in case our trade need adjustments in their early stages - they are far from the final word on these trades. In this month's review, we will pick up in November and review the next two months.
The secret to our success in Top Trades is PATIENCE!!!
