This is a review of QQQQSystem.com. I will never trade with them again. I have alot to say. First of all, they charge about 235 dollars a month for their service. That's just ridiculous compared to all the other newsletters out there. I signed up for a two month plan which cost me $469. Now, about their performance. They basically give you a market signal on QQQ before the market opens every day - on whether to go long or short. How i analyze their performance is by using QQQ points. For example - So let's say they tell you to long that day and QQQ opens at 57.50 and closes at 57.60 by the end of the day. So you've gained 0.10 QQQ points that day. Or lets say they tell you to go short and QQQ opens at 57.80 but closes at 60.00. So you've lost 0.20 QQQ points.
In the approximately three month period that i've used this service - the results ended up with -2.03 QQQ points. This means that basically they are only right LESS than half of the time, and you are losing money in the end!
Another thing is the performance shown on their website: They don't even post the dates of the trades they've made! (they've only started posting the dates starting from February 2012). Something to hide? In my opinion the losses are WAY bigger than what is shown on the website. Also, the performance shown on their website is using a total of 8X leverage! You absolutely do not want to do this! It's a total a sham and if you do that prepare to lose ALOT of money.
Customer service: Really bad. Makes me think it's run by one guy who gets a lot of e-mails per day and it's just basically him trying to respond. I had to e-mail multiple times to get responses.
So in the end, i lost about 2K. All in all, there are newsletters with way better performance. This service is almost like tossing a coin and seeing which side it lands on - if you are right you make money, if you are wrong you lose money. you don't want to do that!
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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