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Win rate. Feels like gambling.
Just to clarify out of the last 34 swing trades to close on this app 14 have been winning trades when hitting the stop price and being closed. The total profit of all trades if buying one contract is $1,078. Roughly $31 profit per trade and 41% win rate. The app advertises that it has a higher win rate because it moves trades into the closed column at the suggested sell price. Not the stop loss price that it said to close the trade at. So if you open the trade when they suggest and close when it hits the stop loss you can profit. But not as much as they make it out to be. The app makes it look like they won 22 of the last 34 (64%}trades for $2,899 or $85 profit per trade.Show lessJES2766
Good luck
Feels like you need to watch the app all day to have some success. They give entry prices, stop loss prices and multiple target prices. Once the first targeg price is hit they automatically move that stock into the “closed signal” section to make it appear that the trade is a winner. But if you don’t exit the trade at that moment the trade seems to drop all the way down to the stop price. They’ll still list the trade as a winning trade though. Ex. Buy in @ 100. Exit at 115. Trade hits stop loss of 70 and closes completely. So if you didn’t get out at 115 because you were waiting for it to hit the next target you most likely will lose the trade. The trade will say it was a 15% win. But you actually lost 30% on the trade because you stayed in for the 2nd target of maybe 125 to hit. Definitely can lose a lot fast if you don’t day trade for the 10-15% gainers they throw out. Holding the swing trades over night have proven to be a disaster too. Good luck! Hopefully your trade targets all hit and you are a day trader and not a swing trader.Show lessNew user
Just started using the app. So far has been spot on. I have tried other apps and this one seems to be the best by far.Patti mays cafe