Subscriber’s Review Of The Technical Traders

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!

Eduard Nicolescu