As many of you have learned, I recently combined three of my ETF-focused subscriptions (TTI, BAN & TIBT) into the Total ETF Portfolio for the exact same cost that BAN was on its own. You may not realize that this move resulted from a month-long request for feedback from my subscribers.
You see, I want you to feel that you have a voice that will be heard by myself, my team, and possibly other members. I want each person to be able not just to place a trade (that’s easy enough to do) but also to understand market movements, trends, sentiments, strategies, charts, positioning, and, well, just about anything they have a question about.
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What I did not anticipate during this consolidation phase, if you will, was the overwhelming feeling of momentum and growth that would come along with each new day. The continued feedback and ideas being generated from our subscribers and my team are incredibly exciting. Even more so when we receive in-depth reviews of Technical Traders from current subscribers like the one you are about to read below. So with that said, I would like to introduce you to Eduard Nicolescu.
Eduard is a retired gentleman who, in his spare time, decided to take a look at and chart the results of discretionary trading with the BAN Hotlist. Once his research was complete, he sent the whole report to us, and I am still amazed at some of the results. With his assistance, the BAN strategy and discretionary trading How-To video (in production) will become better than ever.
Along with his research findings, Eduard also sent a review that encapsulates his experience with Technical Traders and BAN Trader Pro in particular. With his permission, I would like to share with you his words:
Eduard Nicolescu – review
I have been with the Technical Traders for more than two years now, and all I can say is WOW!
I consider myself an experienced trader with a good knowledge of technical analysis. In my 26 years of trading, I have been with numerous newsletters, but sooner or later, I dropped them all, primarily because of a lack of transparency and mediocre performance. Then I discovered the Technical Traders and their free research. Free research?… No, that can’t be, I told myself. So, skeptical and suspicious as I was, I started following Chris’ free articles about the markets.
The result was that in less than two weeks, I had become a subscriber. Since then, a lot has changed for me: no more emotions, no more hesitations when having to enter or exit a trade. Chris’ daily video updates and his BAN system keep me balanced and rational in my decisions. Even when I have to take a loss, I stay calm (no more cursing myself) because employing Chris’ positioning strategy keeps the losses relatively small.
When Chris and his team began asking for feedback, I thought and thought… I love the BAN system… I imagine there must be many fans out there of the BAN strategy. How about getting together and creating a forum where we discuss our strategies based on the BAN system? I see it as a win-win situation where we, subscribers, and the TTT team might benefit.
I will make the first step here by unveiling one strategy I employ based on the BAN signals. So, if you are curious, take a look below at the “The Radiography of a BAN Trade.”
Radiography of a BAN Trade
I had (and have) been following the marijuana market like a hawk since the start of 2019. At first, I made money; then, I took a considerable loss. I had become a TTT customer meanwhile and discovered the BAN system. I think it was in the fall of 2020 when TTT posted the BAN Hotlist on their site for the first time. I remember being very pleased to discover that MJ (the marijuana ETF) was part of the hotlist.
So, I thought, how about following MJ moves inside the BAN Hotlist? On January 4th, 2021, I started to follow MJ’s moves inside that list. This is what happened:
- January 4th, 2021: MJ was 23rd on the hotlist
- January 5th, 2021: MJ was 16th on the hotlist
- January 7th, 2021: MJ was 11th on the hotlist
- January 8th, 2021: MJ was 10th on the hotlist. That was my trigger! I bought it at the open for $17.10 a share.
- January 15th, 2021: MJ was 4th on the hotlist that gave me the confidence to remain invested…
- February 10th, 2021: Sold MJ at the open for $34.50 profit was 101.75%….
What was behind my decision to sell? Well, I looked at the chart, and I realized that MJ was experiencing an exhaustion gap. There had been two previous unfilled gaps on February 3rd and February 9th, and MJ had more than doubled in about a month. That was enough for me to push the SELL button.
Well, that was a great trade, but, as the certified idiot that I am, I had bought back around $21. Now MJ is a bit over $14 and occupying the last place (34) in the BAN Hotlist. I cannot wait for the time when the “Stage” will change from “Bearish” to “Recovery” or “Accumulation.” That’s when I intend to add to my investment and average the cost down. I think, however, that if I had discussed with other MJ traders on a TTT forum, I might not have made that precipitous buyback.
I am tremendously impressed by TTT’s way of reaching out to subscribers in a concerted effort to discover our needs. I suspect that a TTT customer forum would supply answers to TTT’s questions.
That’s all, folks! My best wishes to all of you and the TTT team!
From all of us at the Technical Traders Home Base, we wish you all the best and look forward to more great trades!
Chief Market Strategist
P.S. If you would like my daily, weekly, and monthly trading and investing ETF signals so you can grow your wealth, join me at TheTechnicalTraders.com.
Feature Photo by: Markus Winkler from Pexels