I have been an active member of the TH for a few months. As to the negative review below, some of the things mentioned are true. Many of the trades TH makes, I would not because they don't match my trading rules. For instance, TH will often trade against the trend or trade in a non-trending stock. These are trades that I would never make, and these are the trades that in most cases are losers. However, TH's results are impressive.
The Good:
1. TH fully documents all trades and communicates entries, targets, and stops.
2. TH maintains a history of all trades with a P/L. This is huge. Many sites do and will not provide this type of information (However, there is no third party verification).
3. TH does a fairly good job to keeping the chatter down---attempts to limit the chat to alerts
4. TH responds very quickly to questions and comments
5. Membership is reasonable
6. The group is relatively small--My preference.
7. This is room for traders--no DVD or training gimmicks.
8. Most importantly, TH is making money--every month.
The Bad:
1. TH trading style is not clearly understood. This is a big issue and will cause any trader to lose big money. If you don't have a clear trading plan, you should not blindly take TH's buy/sell recommendations. Further, TH has had a series of losing trades that can be significant financially and psychologically to a novice trader. In addition, any successful trading method is based exploiting an edge, that over time will result in a growing equity curve. I don't understand TH's edge and only trade on this recommendations when it fits my methodology.
2. There are no audio alerts to TH buys/sells. This is big issue because unless you are constantly viewing your screen you will miss the entries and exits.
3. The technology TH uses for the forum is horrible. Many times I lose a connection or have to refresh my screen. TH needs to invest in GOTO Meeting or a similar platform.
4. I have witnessed, what appears to be, revenge trades; moving stops up; and adding to a losing position in hopes of a better return. All of these tactics are recipes for disaster for which many a Trader can testify---including me.
5. TH's background and expertise is not documented on his website.
6. There is no verifiable proof to TH's claim's of earnings
7. There is no verifiable proof as to TH's trades
Bottom Line:
If you have a clear trading plan and a winning edge in your trading method, then TH can provide some good options---Again, you must filter these recommendations based on your account size, trading method, and risk tolerance.
If you are a beginning trader, go elsewhere where you can obtain the guidance and direction that will lead to success.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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