Registered: May 2006
02-25-12 07:38 PM
Quote from vikana:
I find it fascinating that you post a positive review (pretending to be a user) about CoolTrade, defend it here, and then in your profile have yourself listed as the CEO of CoolTrade.
Maybe not entirely unbiased or am I missing something?
Of course, I am the founder/creator of CoolTrade. That has never been a secret.
I am forced to have to help defend the software because someone (LINQ), a non-user of the software put a false/fake review, where he even gave scores about the usability and documentation of the software/system, when he has never been a subscriber.
I have made a post to the CoolTrade Community board to request they come here too post their comments about the software.
I don't mind people discussing the CoolTrade software on the EliteTrader board, as that has been going on for years. The objection is:
1. the person lying about the software when in fact he never used the software.
2. discussing the CoolTrade software on a "scam" thread, even though CoolTrade is a legitimate business with respected software (and no user complaining about it), with respected broker dealers connected to it. See the CoolTrade partner page here: http://www.cool-trade.com/partners/partners.asp
3. even if one does not like the particular strategy in question (a Dow 30 strategy), that does not mean the "software" or "cooltrade" is a scam.
4. LINQ also told NO details about the Dow 30 strategy, other than his false statement saying that it ONLY BUYS and holds a stock and waits for the price to go up. When in fact that strategy is much more complex that utilizes many features only found in the CoolTrade system. Not only does it add to losing positions at appropriate times (only after at least a 10% drop), but many other conditions must be true including rules containing MACD and Parabolic Sar, overall market conditions, sector conditions, etc., but it also sells the newly opened position LIFO. Whereas a Mutual fund will only go LONG and then hold forever and ride the stock up and down and take no profits, the CoolTrade software has features like Profit Protection, ability to ride the profitable trade higher until it pulls back, and more, to lock in profits. That strategy can open an initial position at $30 and ride the price down to $20 and then trade it 100 times at the lower price, and be radically profitable and never see the stock go back to $30.
The CoolTrade discussion simply does not belong on this thread!