Market Club Review
Discover the Giant Footprints...
Market Club is a service by Ino.com.
It combines a scanning system for stocks (also futures, precious metals, mutual funds and foreign exchange), a charting platform, and a trading system all in one package.
The system is based on the premise that the smart money leave "giant footprints" behind on a chart. Before the general public knows about an impending move in the market, these smart traders are quietly accumulating shares of stock.
But this accumulation always shows up on stock chart. Market Club seeks to identify these movements before the public.
How Professional Traders Rob the Public
- Moves in the market begin with the smart money quietly buying up shares of stock in a particular company. They may have insider knowledge about a future development in the company.
- Months go by and the public first starts to hear about the stock. But they do not buy yet. The smart money continues to accumulate shares of stock.
- Then you begin to see the print media doing articles on the stock. The public begins to talk about it on the internet. They buy a few shares.
- The hype begins. The smart money has already loaded up on shares so now they try to sell them off to the public to make a profit.
- Full hype mode! The stock makes the front cover of magazines. All the financial gurus begin talking about the stock and the public begins buying shares in large quantities.
- The smart money takes their profits, there is no one left to buy, the stock tanks, and the public loses money.
So that is what Market Club does. It seeks to find those stocks at the beginning of the "markup phase" before the public knows about it.
How does Market Club Work?
There are 3 different trading systems to use at Market Club depending on what type of trader that you are.
- Short Term Swing Trader
- Intermediate Term Trader
- Long Term Investor
Each type of trader will follow a different set of rules that will tell them whether to go long or short. They don't recommend day trading.
The "Go Lights"
These lights will be green or red depending on what the stock is doing at that time. The reasoning behind these lights are explained and there is a detailed video on how to get the most of them. You trade according to these lights and what type of trader that you are.
The Charting Platform
Here is a small screen shot of how their charts look. On each chart, buy and sell arrows are generated to tell you when to go long or short.
Some of the features with the charting service are:
- Automatic Fibonacci lines
- One click switching between time frames
- Trend line tool
- Ability to add technical indicators
- Adding and saving charting templates
Trade School
Another feature of the Market Club service includes a section called Trade School. This area of the website has audio files and PDF downloads loaded with lots of information on technical analysis.
This includes tips and tricks from some of the top traders in the business including Linda Raschke, Mark Cook, Chuck LeBeau, and others.
My Review
Overall, I like this service. The trading methodology is sound. I think the system gives buy signals a little too late at times, but it keeps you in the stock for a longer period of time. So, you kind of have a trade off there.
The charting platform is java based so it can be a little "buggy" once in a while. I do like the "one click" switching between time frames and the automatic Fibonacci tool. That makes analysis fast and convenient.
So if you are still on the hunt for that perfect trading system that suits your style, you may want to try out this system.
Here is a short introduction showing how Market Club works.
Don't forget to watch the free videos!
