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Don Harrold Day Trade Show

www.daytradeshow.net..
Category: Websites
Day trading show
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Like to go against the trend
It's been said before here that Don Harrold, aka TheDayTradsShow.net, likes to go against the trend. He also doesn't like to hold over night. But I have seen his board with a sea of red that never gets closed only to find it's gone the next day and of course the loss doesn't show. This has only happened a few times. Don's a nice guy and for $30 a month plus if you already now how to trade Don is entertaining. But to use his picks to make a living forget it.

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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.
Ja8669 Livermore, CA

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Be Careful - MLM front
If you want to be bombarded with emails from MLM ventures then join. He is into Ceres Living, eFood Global, TrueDex , scamwinners, good gawd and bunch more. He is the Don Lapre of youtube.

Day trading service is goofy, he sits in there playing guitar etc.. Kind of boring too. He talks on the phone and you can hear his conversations. Not very professional.

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Definitely worth the money for me
Don's day trade service comes with access to an archive of trade videos and a live chat room. Since Don will take the trades in his chat room as he's announcing them, you have to be quick. The only problem I had with his service was getting into a trade late (seconds after the announcement) and missing some of the move. The rest of the time Don will entertain you with his take on the world and economy. He's right on and has taught me a lot. As far as Don's trading style, I agree with much of what Venture123 said. However, I made money in both the trending and ranging markets with Don's day trade and swing picks. It takes discipline to follow the recommendations and you've got to watch Don's trading strategy videos to understand how to handle the trades (good and bad) he suggests. His service was definitely worth the money for me.

Also, he posts a lot of videos on his YouTube channel ... www.youtube.com/user/donharrold

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Contrarian
He's a contrarian. He tends to like to buy when something is oversold (stochastics below 20) and sell when overbought (stochs above 80). I've used his service mainly to get a feel for whether Don is bearish or bullish on the market.

I'm not a regular in his trading room, but I've been in the room, and I've seen him make multiple shorts of the same trading instrument (stock or forex) as it is trending upward and multiple buys when it is trending downward. The idea is that it will reverse, but, to me, this is countertrend trading which, is fighting the market . I haven't been in the room on a trend day, where the market was clearly trending strongly the whole day, and I would like to see how well he trades on such a trend day...does he trade in the direction of the trend or does he just fight it the whole day adding? I realize the market only trends strongly 20% or less of the time, but not losing money on those days is important, so I would be interested in knowing how well he trades on those days. I haven't used the Day Trading service enough to know whether to recommend it or not. It's enjoyable to be in the room, but I haven't been in the room enough to know whether I would be profitable from taking every trade.

In the swing trading service, he advises to short when stochs are overbought and go long when stochs are oversold. My problem is that the stochs can stay overbought or oversold for long periods of time. I've never seen trade in the direction of the trend and stay with it. He's a contrarian who shorts rallys and buys sell offs. You need to really use small position sizes to try this style of trading and you need to be very nimble.

From a swing trade perspective, he started shorting around Sept. 19th 2010 and is still shorting to this day (Dec. 13th). I'm sure he covered on the various dips we got in Nov, but shorting an uptrend can be risky. You really have to believe in your convictions and use tiny position sizes, and be really nimble for it to work. Just going long in Sept. and trailing your stops upward would have been the much easier trade than attempting to short. For swing trading, It almost seemed like he was trading a bearish thesis instead of the tape this fall. I have the same problem myself. I'll give him credit because he'll never buy high or sell low, but it often seems he's fighting the trend.

I like Don Harrold, because I agree with a lot of what he says about the economy and he's a very entertaining person if you're interested in the market and economy. However, I wish his service were less expensive. Currently the Swing Trading service requires also paying for the day trading service (if I'm not mistaken). I haven't taken enough of his swing trades to determine if I could make money with the service or not. I just use the service to get a general feel of whether Don his Bearish or Bullish. He's often early. For the swing trading service, I think you could make money if you use small position sizes and are very nimble about managing the trades. For the swing trading service, your would really need to be proactive about making your own decisions on managing the trades yourself. I wish the service were cheaper (less than $39 a month for both daytrading and swing trading combined), but it's $79 a month (if I'm not mistaken).

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Rip off scam
I'm not sure if this tool is still around but a few years ago when I first started trading I signed up with his service he tried to take advantage of me so I want to put this out there just in case he's up to his old tricks. Well, he offered a money back guarantee for his service if you're not happy within the first 30 days. He would push stocks that are "oversold" with no exit strategy. He actually recommended a stock that went to a pink sheet after he "bought" it at $9. Anyway, I demanded my money back after seeing his intellect but he refused. So I had Amex do my dirty work... Stay away!

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Displaying 1-5 of 5 Total Reviews
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