I purchased rocket trades when it first got here out on a whim. It was a particular impulse buy for me as a result of I are typically skeptical however the worth appeared too good to move up. I figured I might share my expertise with Charlie Moon and his service to assist you decide on whether or not that is price it for you.
So right here it’s, the great, the unhealthy, and the ugly.
I’ve my cash in two buckets, long run retirement financial savings, and a shorter time period buying and selling account the place I shoot for greater features. I began buying and selling within the shorter time period account a couple of years in the past and need I had entry to a service like Rocket Trades again then since Charlie presents a killer watchlist to assist folks rise up to hurry. I sometimes hold round 25k in that buying and selling account however generally I commerce with extra and generally I commerce with much less. I might have been means much less overwhelmed as a brand new dealer had I had this service as a result of simply realizing what to search for available in the market will be overwhelming for a beginner.
My huge take away which I can’t say sufficient although is worth. This isn’t Charlie’s prime tier service, however for the worth, you wouldn’t count on it to be. Nevertheless I used to be blown away with how a lot I received for my funding.
Rocket Trades Assessment:
Charlie’s gross sales pitch for Rocket Trades was fairly easy. The promise is you get entry to his watchlist, however extra importantly, 4 to 5 of Charlie’s greatest buying and selling indicators every month despatched through e-mail.
The worth for the Watchlist and Trade Signals was $97 bucks a year which works out to lower than $2 per commerce sign.
He additionally lists earlier indicators and watchlists which is kind of handy as you may see under:
You may take as many or as few of the trades as you want, and you may go as huge as you need on every commerce. I figured it was price a shot as a result of if even a single one in every of his suggestions was good, I might earn my a refund after which some.
In actuality I used to be blown away with how a lot Charlie over delivered. I anticipated the watch record to be only a record of names, however in actuality Charlie gives a ton of rationale that’s clearly backed up by excessive finish evaluation and analysis.
The identical consideration to element and analysis high quality utilized to the indicators themselves.
By no means as soon as did I really feel like I used to be throwing darts. It was apparent to me why Charlie had conviction behind every of his indicators and the whole lot was backed up with a methodical thought course of.
So what was my favourite a part of this service?
Actually, I work in the course of the day and may’t stare at a display screen. Having the ability to place trades with conviction with out having to place within the hours of analysis is a superb feeling.
What would I modify?
I might LOVE if Charlie put out extra commerce indicators. I suppose it is sensible that he solely sends out his highest conviction picks however after a couple of good ones I discovered myself checking my telephone in the course of the day to see if there have been any updates.
The opposite drawback is that if you happen to miss the alert… you miss the alert. Markets transfer quick so a couple of instances I needed to anticipate the market to tug again after lacking an entry. Charlie has been good about reminding me to remain disciplined as effectively.
The Backside Line:
Solely purchase a inventory selecting service if it presents worth.
Rocket Trades prices lower than 100 bucks a yr so it’s type of a no brainer.
I imply… Netflix is dearer than Rocket Trades… and I’ve by no means made a DIME sitting on my sofa watching Netflix.
Regardless that I used to be tremendous skeptical at first, I made a degree to do my analysis on Charlie and Prosper Buying and selling Academy. No person is ideal however I used to be impressed with the standard of the critiques on TrustPilot. It helps that the standard of the commerce indicators has been spectacular too and I’ve been contemplating upgrading my membership to one in every of Charlie’s greater tier companies.
Frankly although, at $97 this one is a no brainer.