I sure hope it OK to chime in with my experience of this Vendor, particularly, the RockStar indicator and prices of his trade system. After all, isn't it good to keep up with the times, and to let others know of your/my/our experiences?
Recently this company offered a sale on their indicators. But what constitutes a sale? So I was inspired to do a review on what I own already. But as I said, the PRICES are incredible and I wanted to share my perspective. And what he charges, is of course, his prerogative. But I simply want to bring to light what I see. I dont have any experience in their trade room, but I want to point out this appears to be more of a private "Members Only" Club than an affordable trade room. Private in the sense that a lack of $$ keeps a great deal of people out of it. Even old retired folks like myself.
This is not about the indicators per se. Can I do a review on prices alone? Why Not? Many reviews suggest the company is good. And of course he is probably a nice guy. Why wouldn't he be? Who would buy anything from a mean guy, right? No, I didnt say angel of light or any of that business. But this review is written for those who dont have the ability to access the high priced indicators or the trade room. Can we not share our thoughts? Maybe in the hopes that he may lower his price one day so others can be helped? That is what he is trying to do, right? Help other traders? Surely he makes his money off trading right and not indicators alone?
I purchased the RockStar indicator and one other. Under the RockStar details it reads;
"For our
PullBack Trading, we have some very specific conditions and rules for trading our trade setups. The RockStar indicator is a tool to make those trade setups easier to identify and execute a trade."
I dont agree! NOT according to my personal experience in using it. The RockStar is NOT cheap. It comes in at a whopping $625.00. Not cheap for any senior unless you are a retired indicator salesman ;-). I have tried it for 8 months and still lost with it. Yes, it identifies certain areas, but I would not dare take the trade when it shows its pretty symbol.
I have been told by friends to just join the room and learn. After all, many of the reviews suggest the trade room is a positive experience. (of course, do as I say not as I do-I ask them why they dont join and they say "the money") But it is a funny thing how these Vendors work their magic for those who purchase an indicator. It seems the relationship is never over. Buy the indicator, but you really do need the trade room to understand it. Not only do many of these Vendors push a trade room, but also tell you the one indicator is not enough. You have to buy several SO don't use the RockStar by itself.
As I said, the RockStar indicator runs $625.00. Add on the monthly Trade Room Subscription is $325.00. So the first month is $950.00 right?
But wait.. Since he is compassionate toward those of us who cannot pay these prices he offers a payment plan. He provides a Starter Plan which reads:
"The Starter Program has just enough tools and trade room time to get you started trading our Day Trading system. Or, it may just be the missing piece to make your current trading system really take off.""
Normally $1332.00 however, they will let you make payments. Three payments of $533.00 totaling almost $1600.00. So while you think he shows compassion, he has become sort of a bank, financing your entrance into his castle. He charges an extra $268.00 or I could say almost 20% to use their loan service. And of course it isnt loaning you any money. He is simply gouging your wallet so you can own his indicators.
And the trade room? Dont think the trade room is accessible if you are poor like me. The site says (if you purchase the starter) you get "2 weeks in the Trade Room " SUCH A DEAL!
So my personal question to him is this; do you make more money from trading or traderoom/indicators? If you were a successful trader then it begs the question; "why are you charging such prices for your indicators if they are only a tool to help?" Doesn't the magic come from the trading?
WHAT A MONEY MAKING MACHINE!
So when all is said and done, the little guy (me) is not financially qualified to enter this Castle. Even with a 20% Black Friday Sale.
I hope I dont rub anyone the wrong way. These are my thoughts.