Things are going strong. Another good month. Sometimes I
need to pinch myself. I have recorded a lot about my results each month but
friends often ask for more info about what the software actually does. I’ll try
to give a basic rundown, but forgive me if it sounds a bit vague because to be
honest, even after running it for a year and a half, i still don’t know the
exact ins and outs. As a user you literally just turn on your computer at the
close of trade, click a few buttons and the program tells you what shares you
need to sell and if so, what to replace them with. It is really simple so you
don’t get too involved with the workings of it. My older brother is a complete
computer dummy and he has been using it for 6 months without any hassles. In
terms of how it works out what to buy it uses technical analysis. From what i
can gather it is the most common way to analyse stocks when trading short term.
Every stock has its own unique stock cycle, almost like a fingerprint, if you
do enough analysis you can identify it. Once you have detected its cycle,
everyday new information comes in on that stocks performance which updates that
unique cycle....once you look at enough history you start to see the pattern
over and over again. What the 1Wealth program does is it looks at thousands of
stocks, watches where they are in their own unique cycle and when they detect a
striking similarity in the pattern to say the stock will rise, they tell you to
buy that stock...again, that is my understanding, i’m sure it could be
explained better but like i tell me friends, i don’t know exactly how it works
but it works and that’s the most important thing. I’m making about $1500 each
week from running it so i couldn’t be more pleased with it.
I joined 1Wealth in April, 2011. This is a timeline of my experience. Just like I have used blogs to learn, hopefully it will serve as a guide to any other traders who plan on making the shift from part-time investor to serious trader.
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I am looking at purchasing the 1Wealth program too? Is it worth the money they want for it?
ReplyDeleteI think it's worth it. You do have to be patient, and you do need to follow it, but it's making me about 6-8k each month. That was more than I ever hoped for when I first started.
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