Stock Trading >> Wizetrade
Customer Review for Wizetrade
| Review Date
|
2007-03-10 |
| Reviewer
|
Joec from New Jersey |
| Rating
|
1 Star or Unacceptable |
| Review Title
|
I do not own it but am an experienced investor |
| Review
|
My first/immediate reaction was
1-all quotes are delayed 15 minutes unless you subscribe to a service for some monthly fee.
2-users of wizetrade and individuals in general are small investors compared to the big institutions who trade in far larger quantities (Mutual funds, Wall Street etc). Thus individuals don't have a prayer trading against the big guys unless you are a long term player in quality stocks. Back in the 1980s, I used to trade for wall street and 4,000 shares was small for us then and we were in and out all the time. Now it is 2007 and I am sure the big institutions are moving much larger blocks.
3-if too many people use any system (including wizetrade), this will, by definition, dilute its value to everyone. It is just the way wall street works.
4-It seems wizetrade is a moving average crossover system with various timeframes. moving average crossover systems always lag the markets.
again, I have not used this product and do not own it and have not attended a seminar but this is my 2 cents |
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