Comments on: GorillaTrades, Serious Stock Picks or Lack There Of?

By: October 2007 Most Popular Posts - Stock Trading To Go

October 2007 Most Popular Posts - Stock Trading To Go — Sun, 04 Nov 2007 23:19:46 +0000

[...] GorillaTrades, Serious Stock Picks or Lack There Of? – Does stock picking service GorillaTrades really pull its weight or is the service lacking the potion for easy financial success. [...]

By: Bubs

Bubs — Thu, 04 Oct 2007 14:40:46 +0000

Your 100% correct Jonathan it all comes down to the trader. Even if someone gives you a perfect system you still have to execute it properly.

By: Jonathan

Jonathan — Thu, 04 Oct 2007 02:00:33 +0000

Not to be hypocritical, because I have stock picks on my site as well, but it comes down to owning your own research. I’m sure gorilla trades has some good picks, but like Bubs said, they also have volume requirements.

It’s really hard to trade someone else’s methods blindly. To be successful, IMO, you need to have a method and find trades that fit that method.

I’m sure Gorilla trades has some nice ideas. I think the fault is with the trader.

By: Bubs

Bubs — Wed, 03 Oct 2007 22:51:47 +0000

The way the service works is they have a first target and a second target. The second target is very far away. Basically they want you to hold 25% of your shares for the very long term, in fact they keep raising the second target so you could be in a stock for months. I can imagine a big chunk of their gains are locked in here that are unaccounted for. I remember seeing unrealized gains of 60% on some of these stocks.

By: The Investor's Journal

The Investor's Journal — Wed, 03 Oct 2007 18:19:08 +0000

Nice artice Blain. I’ve personally never tried Gorilla Trades, or any service that I have to pay for in exchange for stock picks. I’ve always seen those types of services as a hinderance to my overall education. How can I possibly learn to invest/trade if all I’m ever doing is relying on others to do the work for me?

Also wow on your 70k loss. That’s massive.

By: Jon Nichols

Jon Nichols — Wed, 03 Oct 2007 17:56:33 +0000

Any service that doesn’t publish it’s results clearly is probably not worth the money. I’ve been a subscriber to a couple of Motley Fool newsletters, and overall I’ve been very impressed… they publish there results clearly, they provide very good investor education, and they have strong results.

I’ve also found that many investors really don’t keep track of how well they’re doing. Sure they can tell you how much they’ve made, but they don’t compare against the markets. It’s one of the reasons that, as you’ve said, people get more excited about the gains than the losses.

By: MillionDollarJourney

MillionDollarJourney — Wed, 03 Oct 2007 17:39:46 +0000

$600/year seems a bit steep to me, but then again, i’m cheap. Blain, and others, we should come up with a stock newsletter and charge for it. We would make a mint!

By: Mikel

Mikel — Wed, 03 Oct 2007 17:37:03 +0000

Seeking alpha, found a hairy gorilla… thanks but if i wanted index, i’d buy the qqq’s….