I sure hope it OK to chime in with my experience of this Vendor, particularly, the RockStar indicator and prices of his trade system. After all, isn't it good to keep up with the times, and to let others know of your/my/our experiences?


Recently this company offered a sale on their indicators. But what constitutes a sale? So I was inspired to do a review on what I own already. But as I said, the PRICES are incredible and I wanted to share my perspective. And what he charges, is of course, his prerogative. But I simply want to bring to light what I see. I dont have any experience in their trade room, but I want to point out this appears to be more of a private "Members Only" Club than an affordable trade room. Private in the sense that a lack of $$ keeps a great deal of people out of it. Even old retired folks like myself.

This is not about the indicators per se. Can I do a review on prices alone? Why Not? Many reviews suggest the company is good. And of course he is probably a nice guy. Why wouldn't he be? Who would buy anything from a mean guy, right? No, I didnt say angel of light or any of that business. But this review is written for those who dont have the ability to access the high priced indicators or the trade room. Can we not share our thoughts? Maybe in the hopes that he may lower his price one day so others can be helped? That is what he is trying to do, right? Help other traders? Surely he makes his money off trading right and not indicators alone?

I purchased the RockStar indicator and one other. Under the RockStar details it reads;
"For our PullBack Trading, we have some very specific conditions and rules for trading our trade setups. The RockStar indicator is a tool to make those trade setups easier to identify and execute a trade."

I dont agree! NOT according to my personal experience in using it. The RockStar is NOT cheap. It comes in at a whopping $625.00. Not cheap for any senior unless you are a retired indicator salesman ;-). I have tried it for 8 months and still lost with it. Yes, it identifies certain areas, but I would not dare take the trade when it shows its pretty symbol.

I have been told by friends to just join the room and learn. After all, many of the reviews suggest the trade room is a positive experience. (of course, do as I say not as I do-I ask them why they dont join and they say "the money") But it is a funny thing how these Vendors work their magic for those who purchase an indicator. It seems the relationship is never over. Buy the indicator, but you really do need the trade room to understand it. Not only do many of these Vendors push a trade room, but also tell you the one indicator is not enough. You have to buy several SO don't use the RockStar by itself.

As I said, the RockStar indicator runs $625.00. Add on the monthly Trade Room Subscription is $325.00. So the first month is $950.00 right?

But wait.. Since he is compassionate toward those of us who cannot pay these prices he offers a payment plan. He provides a Starter Plan which reads:
"The Starter Program has just enough tools and trade room time to get you started trading our Day Trading system. Or, it may just be the missing piece to make your current trading system really take off.""

Normally $1332.00 however, they will let you make payments. Three payments of $533.00 totaling almost $1600.00. So while you think he shows compassion, he has become sort of a bank, financing your entrance into his castle. He charges an extra $268.00 or I could say almost 20% to use their loan service. And of course it isnt loaning you any money. He is simply gouging your wallet so you can own his indicators.

And the trade room? Dont think the trade room is accessible if you are poor like me. The site says (if you purchase the starter) you get "2 weeks in the Trade Room " SUCH A DEAL!
So my personal question to him is this; do you make more money from trading or traderoom/indicators? If you were a successful trader then it begs the question; "why are you charging such prices for your indicators if they are only a tool to help?" Doesn't the magic come from the trading?

WHAT A MONEY MAKING MACHINE!

So when all is said and done, the little guy (me) is not financially qualified to enter this Castle. Even with a 20% Black Friday Sale.

I hope I dont rub anyone the wrong way. These are my thoughts.

I own the system and I mostly do agree with you, BUT:

1. The Rockstar you purchased DOES NOT work as a standalone product. It needs other indicators as a confirmation. Not sure why they are selling it as a standalone product. It's frustrating for customers like yourself.

2. I think they do free trials first in the trade room BEFORE you can decide to buy the system/indicators. You said you never had any experience in the trade room. If you have never seen THE WHOLE SYSTEM in action, how can you make a review?
I do agree the system and stuff they still is not cheap though; it does feel they make more money in selling than trading. Although this is my experience that they are more transparent with winners and losers with every trade they take. Difference is, they do not show their Dom while taking trades; they only call them out to go long/short and do say whether they won or lost.

3. Their risk to profit ratio is not that good and they do get stopped out often before they can cut the losses, contradicting about 80% when they say they manage the manage the trades with a smaller loss. I have fixed my R:R ratio to 1:1 and it does work better in the longer run. I would get about 70% winners. And these are all scalp trades when the trends reverse.

4. Overall, I had bought this a while back and I do have more confidence while entering the trades, although I am 100% aware all the times the market might kick my butt any time and go against me.

Disclaimer: This is my own experience. I am not affiliated with them in any way nor promoting anything here. Just check my post history to confirm this. Thank you.

lightsun47 

I own the system and I mostly do agree with you, BUT: 1. The Rockstar you purchased DOES NOT work as a standalone product. It needs other indicators as a confirmation. Not sure why they are selling it as a standalone product. It's frustrating for customers like yourself. But? That is why I did the post. To help other customers like myself. Lest they purchase a $625.00 indicator to be later sent to the proverbial indicator heap. 2. I think they do free trials first in the trade room BEFORE you can decide to buy the system/indicators. You said you never had any experience in the trade room. If you have never seen THE WHOLE SYSTEM in action, how can you make a review? I do agree the system and stuff they still is not cheap though; it does feel they make more money in selling than trading. Although this is my experience that they are more transparent with winners and losers with every trade they take. Difference is, they do not show their Dom while taking trades; they only call them out to go long/short and do say whether they won or lost. "I think....." You think? How is that any different than me sharing my experience about the trade room? The post in general is about pricing. The room shares the same issue...."pricing". Does someone need to drink cyanide to prove it kills? Or can I not use use evidential arguments? My thesis? They are a money making machine at the cost of traders not doing so well. You mentioned the DOM. Why not show it? What would the issue be? I think they are too much money no matter how you slice it. If I didnt make an argument in my post, then maybe the post was not written for you? Respectfully, I tried to point out the outrageous costs. 3. Their risk to profit ratio is not that good and they do get stopped out often before they can cut the losses, contradicting about 80% when they say they manage the manage the trades with a smaller loss. I have fixed my R:R ratio to 1:1 and it does work better in the longer run. I would get about 70% winners. And these are all scalp trades when the trends reverse. This is your issue, right? Maybe you should be running the trade room? Maybe that would solve the problems, yes? 4. Overall, I had bought this a while back and I do have more confidence while entering the trades, although I am 100% aware all the times the market might kick my butt any time and go against me. A while back? And you attribute your confidence to them and not simply time and maturity? Ok. Disclaimer: This is my own experience. I am not affiliated with them in any way nor promoting anything here. Just check my post history to confirm this. Thank you.

That is nice. And like you, this is my experience.

Hi @faithdefender,

When you comment on someone else's post, it is generally more clear if you don't use the style of placing your own remarks within the other person's quoted text, as you did in your reply to @lightsun47 right above.

I know that people sometimes do it, and it is not "wrong," but it is harder for others to read and understand.

We would appreciate it if you would not use this method, but would just quote the line(s) you wish to reply to and then type your comment in the text of your own post, not in the quotation from the other person, so it is clear what is being quoted and what is yours. You may have to have many quotes this way, but it is easier to follow.

This is not a big deal, but it makes things more clear and is preferred.

Thanks.

Bob.

I did not know this. My apologies.

faithdefender 

I did not know this. My apologies.

No problem.

Bob.

bobwest 

Hi @faithdefender, When you comment on someone else's post, it is generally more clear if you don't use the style of placing your own remarks within the other person's quoted text, as you did in your reply to @lightsun47 right above. I know that people sometimes do it, and it is not "wrong," but it is harder for others to read and understand. We would appreciate it if you would not use this method, but would just quote the line(s) you wish to reply to and then type your comment in the text of your own post, not in the quotation from the other person, so it is clear what is being quoted and what is yours. You may have to have many quotes this way, but it is easier to follow. This is not a big deal, but it makes things more clear and is preferred. Thanks. Bob.

@Bob

An other way is to use an other color by the comment some one makes in the same quoted text. If he clearly gives the idea, that what is written in this color is his comment, then this even gives a clear picture about his posting. How this can look I showed in an other thread, where I was asking my self how to respond to any of the many valuable comments from the poster in one text quote.

Just MO and all have a nice weekend.

Symple

faithdefender 

That is nice. And like you, this is my experience.

I am sorry but the way you used words targeting me wasn't right.

Words like, you think, you think?

What do you mean by screaming at me like that? Who gave YOU the right to scream at me? Who are you?

Am I the sales person trying to sell you this system? I was narrating my own experience, instead you are fighting your frustration on me.

If a stupid system (like a million others) don't work and someone posts their experience here, you vent your frustration on the person instead of the business you purchased from?

I guess that's a new way to deal with anger issues.

lightsun47 

I am sorry but the way you used words targeting me wasn't right. Words like, you think, you think? What do you mean by screaming at me like that? Who gave YOU the right to scream at me? Who are you? Am I the sales person trying to sell you this system? I was narrating my own experience, instead you are fighting your frustration on me. If a stupid system (like a million others) don't work and someone posts their experience here, you vent your frustration on the person instead of the business you purchased from? I guess that's a new way to deal with anger issues.

Dude, you have drank too much cafe! Nobody on my end tried to insult you or scream at you. I had been led to believe large caps specify anger. Hmmm, there i go thinking again. If you defend a product be prepared to stand behind it fully. Right? A disagreement is not personal. Of course it seems personal. But its just business, as they say.

I try to speak to people on a personal level so they dont think the conversation impersonal. I try to "engage" the person on the other end.

I am glad you are happy with your product. But it seems to me you agreed the price was high? Did i misunderstand you? Or was I supposed to agree with you, tuck tail and leave it alone? If you have the money to pay great amounts of money toward indicators that work sometimes, then I am happy for you. The RockStar shows up at very strange area when I use it. That is a factual comment.

Symple 

@Bob An other way is to use an other color by the comment some one makes in the same quoted text. If he clearly gives the idea, that what is written in this color is his comment, then this even gives a clear picture about his posting. How this can look I showed in an other thread, where I was asking my self how to respond to any of the many valuable comments from the poster in one text quote. Just MO and all have a nice weekend. Symple

Well, I didn't mention using different colors for the replies, although I did consider mentioning it at the time. I would have said that it doesn't really help with the confusion either , but I decided not to bring it up since he hadn't done it that way and I didn't want to complicate things.

But the request I am making is that no one intersperse their remarks within a quote from someone else's post. Over the years we have seen all the many ways that people try to make this work well, including using different colors and fonts and whatever, and it really is harder to follow, as a rule.

Much better to just quote them cleanly, and then respond. If you want to make several responses to different parts of what they wrote, make several quotes and respond to each, separately, or quote the whole thing and then list and reply to their points. But keeping them separate does work better, on the whole. It keeps what you're saying very separate from what they said. Different colors or fonts will not do nearly as well at that.

This is not a big deal, but it is our preference, and the other style is generally not that successful in keeping things clear. It is requested that you not use it.

Thanks.

Bob.