subject: The Portfolio Prophet | Frequently Asked Questions [print this page] The Portfolio Prophet | Frequently Asked Questions
I have received a lot of great feedback on our newest product offering, the Portfolio Prophet. Most people are captivated by how easy it is to use and are even more amazed at flexibility and profit opportunities it has brought to their attention.
I wanted to take just a couple minutes and address some of the questions that a lot of you are raising about the course and the methodology behind it all.
John from Atlanta writes: What is the primary strategy behind the development and usage of the Portfolio Prophet?
The primary strategy is first of all to be very patient and wait for selected emerging trends to develop in the selected ETFs. Not every emerging trend warrants action because some of them are too risky. You only want to get involved in an emerging trend that puts the odds in your favor. Only then should you expose your capital to the marketplace. The way the Portfolio Prophet does this is by evaluating the markets every night after the close. When an ETF is showing strength (moving up) according to the Portfolio Prophet trading rules and setup conditions, only then will it issue a trade alert to buy the next day. The system will immediately tell you where to place your initial stop level based on the logic we developed. I will tell you that its fairly tight stop, usually around 5% of the entry price.
The system will then monitor the trade and when it's time to move the stop up to lock in some profit, an additional alert will be generated. The nice thing is that anytime an alert is given, you have until the next day when the market opens to place or adjust your orders. You don't have to worry about scrambling to your computer to execute a trade; you are given plenty of time to react. As a trade progresses, the stop will continue being ratcheted up until the time comes to exit the trade entirely and move your money to a cash position.
I also want to mention that there is not a perfect investing system out there. There will be times when losses will have to be taken. What you have to remember is not to be afraid of taking those small losses. Fear of loss is what causes a person to stay in longer than they should and more often than not will result in larger losses. Always remember, cut your losses early and let your profits run.
Anne from Lisbon asks: What indicators do the course & software utilize?
The Portfolio Prophet uses a handful of common technical indicators, because let's face it, that's all you need. There are hundreds of technical indicators available today, but in my experience having more than a couple common indicators as part of your trading strategy only serves to mislead you because the tendency is to believe that the more indicators you use and the more sophisticated they are, the better your trading will be. Nothing is further from the truth. Most traders fail to realize that there is an inverse relationship between the number of indicators used and success of the trader. Simply put, the more indicators you use, the less likely you will be successful. The reason is simple, more indicators means more opportunity for mixed messages and loss of discipline.
The key is to use a handful of common indicators, but apply them in an uncommon fashion. That is what we built into the Portfolio Prophet. This way you rely on a few, very trust worthy indicators that will help identify opportunity and remove the emotional aspect out of the equation. You don't have to think twice about it anymore, you always know what to do.
Matt from Ft. Lauderdale writes: Why so few ETFs to choose from?
There are over 1,000 ETFs available for trade in the marketplace right now and more being added all the time. We limited the number of ETFs in our program because not all of the available ETFs are suitable for trading.
A good number of them are low volume, or brand new with no historical data, or have a track record of not trending in a deliberate fashion. That kind of ETF is too risky to trade. So what the Portfolio Prophet does is monitor that entire universe of ETFs and picks out only those that are higher volume, have lower volatility, have a historical data and have a higher likelihood to trend. Out of the 1,000 or so ETFs available, Portfolio Prophet focuses on 87 or what we consider to be the best of the best. It was the best way for us to ensure that our students were given the best odds at pulling the maximum profit out of the market.
Sue from Sydney asks: Can I use this trading strategy for other ETFs not included as options in the course?
Absolutely you can, because we disclose to you in the course all of the trading rules. They are not difficult to understand and if you are so inclined you can apply those rules to any ETF or any stock for that matter.
Investing shouldn't be as difficult as many have found it to be in recent years. The key to it all, is implementing an action oriented strategy that keeps you engaged and helps you avoid any potential pitfalls that arise along the way. The Portfolio Prophet does this, it is your personal financial advisor and best of all, it doesn't charge a fee. I am thrilled about the positive energy that this product has brought forth from our students and non-students alike. I hope to see you again real soon during one of our upcoming Portfolio Prophet Student webinars. Until then, I wish you nothing but, Good Trading!
If you would like more information on the full features and benefits of the Portfolio Prophet please click here:
==> Visit The Portfolio Prophet Official Website
Ever since Bill Poulos released his first "Portfolio Prophet" training video earlier this week, there has been a LOT of interest and flat-out EXCITEMENT from traders & investors all around the world
(For PROOF, check out the 500+ comments that hit his private training site in just a couple of days.)
Not surprisingly, most people seem to be interested in how his software protects you from the inevitable market crashes (and hyper-inflation) that will continue to wipe out and decimate peoples' portfolios.
But there's also been a LOT of questions
-so Bill just recorded a special short video that addresses the top 3:
1. What exactly will I get when I order the Portfolio Prophet?
2. Does the Portfolio Prophet generate trade alerts for "shorting" the market?
3. How much will it cost?
To see this short video, go here:
==> The Portfolio Prophet Q & A
I hope this addresses some of the questions you have about Bill's awesome new software that predicts emerging "mini trends" in the best markets (and avoids huge market crashes, protecting you in CASH).
Don't forget you get to DOWNLOAD the Portfolio Prophet software on Monday, March 21st, at 1pm Eastern (New York time).
