I just had to share the following testimonial, received yesterday from one of my Weekly “Counts” Webinar subscribers:
I wanted to thank you for the incredible research and analysis that you provide by giving you a brief history on me and how my account is exploding to the upside since I started following you and attending your webinars.
After the economic meltdown in 2008, I had to pretty much start over. I took a corporate job after many years of self-employment in 2009, and started saving the maximum amount that I could in my new 401K. Then in 2013 I was hired as the Executive Vice President of a top real estate company in California, but they didn’t offer a 401K program. At that time I had to convert my 401K to an Individual IRA which only allows me to save $6500 per calendar year, as I am over the age of 50. As time went along I became increasingly frustrated with the menial returns I was receiving buying and holding “the recommended” diversified portfolio of mutual funds. That’s when I started subscribing to your webinars and screenshots at elliottwavepredictions.com.
On February 6, 2015 I moved my portfolio from Fidelity to E-Trade and decided to look for entry and exit points on stocks, ETF’s and indices based upon your analysis. My strategy was to use 10% of my portfolio to trade options, hold 20% in cash (to add to positions if needed) and buy value stocks that pay dividends with the remaining 70%.
The day I started the E-Trade account (February 6, 2015) my account equity was $37,000.
Today (May 8, 2015) my account equity is $50,200.
I’ve deposited $1500 of additional funds during this time so subtracting that, I’ve managed a gain of $11,700 (that’s 23.3%) in roughly 3 months.
And the best part is, I know now that I don’t need the market to continue to go up to make solid returns. For instance, I’ve made some very nice winning trades recently shorting IBB (the Biotech sector ETF) using put options, as well as trading long IBB using calls. All trades were based on the analysis you show in your weekly webinars.
Following your Elliott Wave analysis and looking for entry end exit windows on securities based on Hurst Cycle analysis has been a game changer for me and my retirement. Thank you for all you do Sid, and keep up the good work!!