Money Map’s High Velocity Profit’s Keith Fitz-Gerald would like you to believe that he has found a new pattern in this stock chart that he thinks could probably hand you a series of wind fall profits with 100% accuracy – by investing in stocks that are in an upward trend.
Of course there’s a catch to all the hoopla in the ad.
And he sounds to beseech you for a subscription to his High Velocity Profits trading service.
Okay so let’s get started with a few quotes from the pretty drawn out sales blather shall we?
Here we go…
You see, over the next few minutes, I’m going to show you a simple pattern I believe will allow you to achieve two incredible feats…
You could capture a series of 164.68% high velocity windfalls, and…
You will, with 100% certainty, only buy stocks that are going up.
At its core, all you have to do is just grab regular, ‘boring’ shares of stock when you see this X…
And sell them when you see it again.
Newsletter copywriters have always had the trick up their sleeve as they talk about huge profits, just to grab your attention and sell you subscriptions of trading services. Here in this ad they are asking you to subscribe to High Velocity Profits newsletter. However I am not a chart trading proponent. Rather I subscribe to an investment philosophy that hinges on the financials and fundamentals that work underneath a company.
So I may not be able to do this review with a great deal of authority to assess the Money Morning’s X-Pattern trading idea – that according to Keith Fitz-Gerald will make you high velocity windfalls of riches. Arbitrarily I think he is using a trend indicator chart to tell you about a stock that’s on the brim of a move up or down. For those of you who are interested here’s the link.
The chart basically indicates a movement pattern for a particular stock for a selected time period. It exactly indicates a movement pattern for a given stock- the days since high and/or the days since low hence waving a buy or sell signal.
A few more quotes from the ad.
Below is a stock chart for a company based out of Rochester, NY.
As you can see, over the past few weeks it has fluctuated wildly.
However, I believe I know exactly where this stock is going next – and that you can make a whole lot of money from it.
In fact, I’m so confident that I’m putting $1.95 million on the line.
It’s not a kind of rocket science to figure out a stock that is in a positive trend. Although a bit of research reveals the Xpatern movement the ad is talking about here is Paychex (PAYX). Paychex indeed is a Rochester company and exactly matches the chart shown in the ad. I don’t know whether any charting indicator could be of any fruitful help in signifying a stock movement.
Common sense dictates that it’s not anything but plain absurd to say that a stock move would reflect in a trading chart pattern rather I prefer to believe a stock move solely depends on sentiments of buyers and sellers of a stock and that in turn reposes on the financial fundamentals.
Although knowing of a stock movement trends in advance particularly for folks who could buy stocks on the up move and sell when the stock starts to go down, have always led to enormous gains for day traders but swing trading is not my area of interest.
Thanks for reading and remember to trade safe with stop losses. If you have any of your own musings on swing trading do share them with our readers, through the comment box below.