Welcome to my TradeSmith review.
Is the TradeSmith Company legit or a scam? You may be here because you heard about them and want to find out.
That’s great! You’ve landed in the perfect place.
Even if you’ve been trading for years or just starting, you can benefit from the support of a platform that can help you keep up with the fast-paced nature of today’s trading market.
The Tradestops program by TradeSmith is designed for that. It should notify you when something important happens that affects your decision-making. It tracks stocks with optimization techniques.
But before I get too deep.
If you’re like most of my readers, you came across TradeSmith for one main reason:
You want to make more money than you currently make by leveraging your existing resources.
Maybe you’re even looking for a quick turnaround on some of your cash instead of waiting years or decades for it to double.
Well, you’re in good company – who wouldn’t want all of that?
There’s one thing you need to watch out for though: legitimate scammers.
The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space.
But for purposes of this review, let’s assume these people had the best of intentions.
Even with the most sophisticated systems out there, most experts barely manage to get it right 10% of the time…
Obviously, there’s an argument that 1 winning bet can outshine 10 losing ones…
But if you mess up and miss a trade even one time, your month can turn sour pretty quickly.
Suffice to say, there’s a whole lot of stress & uncertainty.
Don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into.
But what if you could build a different income stream, and start seeing profits within your first few days?
I’m talking about a system that doesn’t require:
- Obsessively checking your phone and charts
- The emotional turmoil of loss after loss, waiting for that win
- Glorified gambling
Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it, without spending every waking hour watching for alerts and pouring over charts?
If that sounds interesting, you might want to think about using the Digital Rental Method.
If you wanna see what TradeSmith looks like on the inside, keep reading.
What Is TradeSmith?
TradeStops, as well as a slew of other products and services, were developed by TradeSmith.
After being formed in Maryland in 2011, the Baltimore-based company has grown to incorporate many useful features, including risk management tools, portfolio analysis tools, and more.
Investors can use its tools to improve their wealth-creation skills, improve their investing strategy, and take advantage of the market.
TradeSmith products include:
- Ideas by TradeSmith
- Trade360
- Crypto by TradeSmith
- TradeSmith Decoder
- TradeSmith CoPilot
They offer high-quality research tools and analysis, but at different price points and for different aspects of the stock market.
There are many TradeSmith reviews online that praise this company.
Who Owns TradeSmith?
TradeSmith was started by Richard Smith, who later sold it to an unidentified financial publisher for an unknown sum.
An Overview Of TradeStops And Ideas From TradeSmith
Dr. Richard Smith, a mathematician, and investor, created two independent but linked products: TradeStops and Ideas by TradeSmith. Investors who wish to manage their stock portfolios actively should consider these options. Stock risk and portfolio balancing are evaluated using historical market volatility.
Pricing Options
There’s no option to buy TradeStops and Ideas at a discounted price. TradeStops costs $79 per month after a 30-day trial, while Ideas costs $99.
TradeStops Features
Volatility Quotient And Stock State Indicator
TradeStops uses the volatility quotient (VQ) and stock state indicator (SSI) to calculate the risk of each stock in a portfolio (SSI). To avoid premature stop-outs, the VQ calculates a percentage value to the volatility of a particular stock to determine how far below the current price you must set a trailing stop loss. It also calculates a stock’s maximum potential loss when trailing stops. The SSI is a green-yellow-red indicator that shows whether a stock has recently triggered an entry or exit signal.
VQ and SSI generate automatically for all stocks in TradeStops-monitored portfolios. They serve as a basis for the platform’s more advanced risk management tools.
Position Size Calculator
The position size calculator uses VQ, trailing stop calculations, and a trader’s risk appetite to estimate the appropriate purchase amount for every stock. An important step before using the calculator is deciding on a risk tolerance for a transaction. The outcome displays the maximum investable amount and the value of the first stop loss.
TradeStops also explains the calculator’s results in plain English, making it easier to comprehend how it arrived at the results and how changing the parameters may impact the outcome.
Asset Allocation And PVQ Analyzer
In addition to the various portfolio analysis tools, TradeStops now offers an asset allocation tool. As a general rule, the asset allocation tool displays traders how their investments are spread out among different market sectors and businesses.
The PVQ analyzer categorizes assets based on risk (VQ) rather than the market sector. Using this tool, investors can quickly assess a portfolio’s risk level. In addition, you can use this tool across various portfolios, which is valuable for investors with risk-hazard portfolios.
Risk Rebalancer
The risk rebalancing tool helps investors decrease their average VQ by using VQ across several assets. To lower overall risk, it’s possible to modify the number of shares of current assets. Importantly, the risk rebalancing tool allows you to remove some support from the examination while locking others.
Alerts
Alerts are an essential aspect of tracking portfolio activity in TradeStops, and there are many ways to set them up. For example, you can set alerts for VQ surpassing a threshold, a percentage change, or a change in a stock’s SSI condition. TradeStops also enables price-based notifications, allowing traders to configure alerts around trailing stops.
Ideas Features
Market Risk
‘Ideas’ is one of the most accessible and informative financial news and analysis platforms for short-term traders and long-term investors. The platform divides the market into major indices and shows how many stocks are high-risk (red), medium-risk (yellow), or low-risk (green) based on volatility quotients and computed entry and exit points. So you can see how risk has changed historically and where the indices are concerning their one-year highs and lows. The Stock Finder also shows traders which stocks fall into each risk category.
Ideas go beyond the major indices, breaking down stock risk by market sector and commodities.
Portfolio Ideas
This part of Ideas separates companies into distinct investment strategies based on their VQs and SSIs. Similar to how Zacks creates stock recommendations using proprietary analytics.
Some categories, like “Best of the Billionaires” and “Kinetic VQ,” are unclear, while others, like “Growth,” “Value,” and “Low-Risk Runners,” are obvious. The portfolio display highlights stocks that fall into different categories.
Stock Finder
The stock finder tool is a stock screener with parameters based on VQ, SSI, and Dr. Smith’s Lab portfolio categories. Because the stock finder’s technical and fundamental filters are limited, traders must be committed to identifying trade ideas based on VQ and possible risk.
Integrating TradeStops And Ideas
Even though they are marketed individually, Ideas and TradeStops are intended to be used together. The Ideas platform makes it very simple to export stocks to a new portfolio, automatically moving over to TradeStops for users who have logins to both platforms. To make a new portfolio from Ideas, traders simply check the box next to each stock in the stock finder results or Dr. Smith’s Lab that they want to include in the new portfolio.
The idea is that traders and investors can uncover possible new stocks to trade inside Ideas and then observe how those stocks operate within a new or existing portfolio via TradeStops. Traders can use TradeStops’ risk rebalancing and position size tools to determine how many shares of new stock to acquire while maintaining their portfolio’s risk profile.
Customization, Layout, And Compatible Brokerages
Both TradeStops and Ideas lack mobile and desktop applications. Customization possibilities are restricted, despite the platforms’ general friendliness. Although most settings are for notifications, it’s possible to build template sets for various investment methods or portfolios.
TradeStops can import portfolio data from the majority of major brokerages. If a brokerage cannot interact directly with TradeStops, data can be entered manually or imported from a CSV file. TradeStops supports the import and tracking of an unlimited number of portfolios.
Who Should Use TradeStops
This solution is ideal for investors who manage one or more portfolios or medium-term investors looking to improve risk management and portfolio allocation techniques. However, TradeStops is not cheap for ordinary traders. So it’s usually employed by investors with large portfolios.
TradeStops is often used with “Ideas,” a product of TradeSmith. Using the integrated stock finder, you may research and select potentially profitable stocks for your portfolio. TradeStops can then monitor and manage the portfolio. TradeStops and Ideas together form a complete portfolio management solution.
Are There Alternatives To TradeSmith?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
Is TradeSmith A Scam?
Alright, time for the $1,000,000 question: is TradeSmith a scam?
No, not technically. You can 100% make money with it, but it’s not NEARLY as simple as Richard Smith wants you to think it is.
You need to understand that you are taking a very big risk with financial products.
So while it’s entirely possible that you hit the big leagues and retire to a vineyard… the path to get there is so stressful that it might just shave a decade off your life… IF you even get there.
A friend of mine actually writes advertisements for one of the largest financial program advertisers in the world… so believe me when I say that most of the “awesome” numbers they use in their ads & landing pages are borderline false.
They conveniently leave out the dozens of losing bets and trades that came before the big win you’re reading about.
Now, most people don’t have the emotional bandwidth to stick out 3 months of back-to-back losses before (hopefully) getting a big win.
I’d rather use that 3 months of work (in my spare time) building Digital Rental Properties, and then collect a handful of nice little $500-$2,000 checks every single month afterward (AKA passive income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of using the Digital Rental Method).
You can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is a laptop and an internet connection.
Some of my friends are Digital Rental Method that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living finanically free is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is My Top Recommendation For Making Money Online In 2023?
Read Our In Depth Breakdown Of The Top 5 StocksOpp Courses For 2024
I’ve personally tried all of the major online business models:
- I’ve traded crypto & purchased a bunch of fancy “insider stock tip” newsletters
- I’ve sold fidget spinners through Amazon FBA
- I’ve dropshipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, using the Digital Rental Method is for you.
Why?
1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2) You Own & Control EVERYTHING: Nothing is in your control when it comes to the markets. You have zero influence over market-shifting macro-economic trends.
The number of people that have consistently beat the market can be counted on one hand.
Why pour your soul into a business that you realistically have zero control over?
With the Digital Rental Method, you literally own all of the assets, which means you have ultimate control.
3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income in the markets, you would need to make twice as many winning trades, or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call.
4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself. There is a loser on the other end of that trade.
But With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at programs like TradeSmith, which might make you money if you luck out.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.
