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TheExecutive
Member
Joined: 27 Jan 2009
Posts: 61
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# Posted: 9 Feb 2009 18:39 · Edited by: TheExecutive
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Can anyone who has actually traded on DayTradingRobot.com tell me if it's worh doing?
Have you made any money with it? Can Jason Kelly be trusted with his penny stock picks? Do I have to pay him $197 to start? And what's the smallest amount of stocks I can buy to start with? (I'm hoping maybe $30 to $50).
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john57
Member
Joined: 28 Jan 2009
Posts: 5
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# Posted: 9 Feb 2009 21:05
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Hello Executive,
What I would do is go to some of the penny stock trading forums and see what some actual penny stock traders are saying about this software. You can pose the question there also. Any google search will only get you affiliates for the website not actual real experiences. Penny stocks are extremely risky and you should always use risk capital for these stocks. I look at it like this if the program actually worked you could not get in for a thousand dollars. i have not seen or heard of any person who could pick penny stocks successfully. My opinion save your money buy regular stocks they are dirt cheap now.
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TheExecutive
Member
Joined: 27 Jan 2009
Posts: 61
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# Posted: 9 Feb 2009 21:17
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Thanks for those suggestions, John.
First of all, you're right about the Google searches producing nothing more than advertisements for Day Trader Robot.
More importantly, I don't have $1000 to invest. So maybe I'll pass on the entire concept of day trading. I considered it for Forex years ago, but never went ahead with that either.
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040107
Member
Joined: 14 Apr 2007
Posts: 306
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# Posted: 10 Feb 2009 00:43 · Edited by: 040107
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If you don't have a significant amount of money to day-trade, you're
putting yourself at more risk and broker fees and taxes can eat up
your profits. The people I know who became successful investor
starting with little money are those who invested using options.
Because you don't have a lot of money, you'll want to use as much
leverage as possible to diversify your investments. If you bought
stocks directly, you would only afford to buy a few shares of stocks
from a couple of companies.
If you buy penny stocks, they could have a lot of leverage but they
could also become worthless at any time too. Using software to
analyze stocks could give you an advantage but it cost over $100k
to license the Day Trading Robot. If you only paid $97/year so you
could receive penny stocks notifications via email, you'll risk being
manipulated by whoever is sending out the emails. With a group of
people all buying and selling the same stocks at the same time, the
price could be manipulated.
The Day Trading Robot sounds great, but do a little more research.
Last month I only made 20% on my money. Not bad considering
most people are losing money in stocks. I intend to make at least
10% on my money each and every month.
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TheExecutive
Member
Joined: 27 Jan 2009
Posts: 61
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# Posted: 10 Feb 2009 00:52
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040107: Last month I only made 20% on my money. Not bad considering most people are losing money in stocks. I intend to make at least 10% on my money each and every month.
If I really wanted to invest and do better than that, I could easily average between 30% and 90% per month if I didn't miss a single day in the Noobing surf program. Unfortunately, it's a manual surf and not auto and the site is too slow for me to use it.
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040107
Member
Joined: 14 Apr 2007
Posts: 306
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# Posted: 10 Feb 2009 01:13 · Edited by: 040107
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TheExecutive: If I really wanted to invest and do better than that, I could easily average between 30% and 90% per month if I didn't miss a single day in the Noobing surf program. Unfortunately, it's a manual surf and not auto and the site is too slow for me to use it.
If only this, if only that...
What's the point if you can't take action?
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TheExecutive
Member
Joined: 27 Jan 2009
Posts: 61
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# Posted: 10 Feb 2009 06:29 · Edited by: TheExecutive
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040107: What's the point if you can't take action?
Ha ha!  Well, I have actually....just in a different business genre.
I've invested in 2 new MLMs last week (one of which ShopWurld, I'm actively working now, and we have no doubt it's going to be one of the success stories of 2009) plus I'm doing another one that's in pre-launch which is a fast-moving cycler. I have the money to invest there, but waiting for the sign-up link from my sponsor. Once he gets online later today I'm IN. My total cost between these 3 ventures including an inexpensive start-up ad campaign: under $100.
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sjames23
Member
Joined: 9 Dec 2008
Posts: 12
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# Posted: 10 Feb 2009 09:00
Reply
I have not tried this myself because in my opinion I think stocks are a risky investment right now anyway. What I would do is go to Google type in "Day Trading Robot Review" and see if anyone is giving a honest review about this product.
MoneyMakerGroup.com
TalkGold.com
These forums usually have some honest reviews of people that have actually tried an investing product and if they are having success at all with it.
Hope this helps you make your decision.
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