Investment Techniques

Information about Gorilla Trades and other investment techniques

Please read disclaimer at bottom of page.

GorillaTrades

GorillaTrades’ emphasizes the need to build up a diversified portfolio of stocks. They don’t try to chase 40% gains per day nor do they make any such claims on the site. I do have a GorillaTrades specific OpenOffice Calc spreadsheet. OpenOffice is a free download.

OpenOffice 1.0 specific spreadsheet: Download (The extension of the file should be just .sxc. If it has .zip, just remove that part and the spreadsheet should work fine. I don’t know why it does this.)

OpenOffice 2.0 specific spreadsheet: Download

Instructions are below:

It should be pretty self-explanatory. Enter company name, symbol, # of shares, confirm day, trigger price, buy day, buy price, and then the stop loss and targets and everything else is calculated automatically. The stocks current price is updated from Yahoo Finance via a macro (it refreshes only when the spreadsheet is reloaded). The upper “green” section is for the current portfolio, while the “red” bottom section is for stocks that have sold. There is a section to indicate the price you sold 75% of the stock at (as recommended to do at the first target), and a spot to indicate at what price the remaining 25% sold at. Make sure to also indicate the total number of trades. For example, I would put “1″ for the selling at the first target and then change that to “2″ only when I sell the remaining 25%. This allows the program to correctly keep track of commissions. Should you get out of a stock all at once then you just put the 75% and 25% sell prices equal and indicate only “1″ trade. What I’ve been doing is keeping the top section up-to-date as to the suggested targets and then should I sell, I just copy down whatever info I need and then delete the entry on top as soon as I am 100% out of the stock. The spreadsheet is protected so that the cell formulas are not accidentally overwritten, but you can easily unprotect it (I left the password blank).

I take no responsibility with how this spreadsheet is used.
I read on a blog somewhere that GorillaTrades is solely based on technical analysis. This is true in the sense that it doesn’t take into account any news (until that news is reflected in the charts). However, before purchasing a confirmed stock I always check it out at VectorVest (which gives a buy/hold/sell based on valuation). Usually, the GorillaTrades picks are buy recommendations. They are mostly stocks that are not just technically posed to increase but also are undervalued and have a history of positive earnings/dividend growth. I highly recommend VectorVest. It gives some very good information. I feel that combining the GorillaTrades technical approach and price targets with the VectorVest valuation approach has yielded and should yield great results.

You can always get a free 30-day trial and see if it works for you. Or, go here http://www.gorillatrades.com/popup.html. There you can get a copy of the Gorilla’s latest email, which includes any new potential GorillaPicks or GorillaShorts for the next session. This is the exact same email that I get, but you can only have access to the current GorillaTrades portfolio, which includes the price targets and stop price, by getting the free trial.

Links

Investment sites recommended in the comments below:

BreakoutWatch.com
Validea.com
VectorVest
AnotherWinningTrade.com
Decision Point
The Growth Stock Report
David’s “How I use DecisionPoint” page (no longer active)

Blogs that discuss Gorilla Trades: Wealth Junkie >> Gorilla Trades Page

Rate of Return Calculator

Disclaimers

GorillaTrades is a registered trademark of GorillaTrades, Inc. All other trademarks or registered trademarks are property of their respected owners. My comments below fall within my rights of nominative fair use; and I am exercising my right to freedom of speech to voice these comments. I am not publishing copyrighted data nor profiting from this blog page. I have no affiliation to GorillaTrades or to any of the other investment sites mentioned.

I am not a financial analyst. I am just someone interested in investing. I will not be responsible for how this information may be used.

159 thoughts on “Investment Techniques

  1. Tom

    I am a fairly new daytrader and loves options as well…had some questions about both Gorillatrades.com and Wizetrade.com if anyone knows of a better system or can help me with my questions about these sites that would be great.

    Thanks

  2. Patel

    I show gorilla trade advertises in IBD and subcribe. They charged $599.00 on 10/23/08. I tried it on paper trading and loss money. I e-mail on 12/15/08 to cancel their services. They did it immideatly on 12/15/08 but never refund me. I e-mail them for refund they are not responing. I tried to call them no onr picking up phone, leave massage but they never return the phone calls. Does any one have this type experience with them? How did you handle it? Please let me know. This is nothing but rip-off. I use their servise for 45 days.
    They have worse costomer services, No phone, no contect name, and no response of e-mail. Never address your questions. I never refer to any one them.

  3. Scott K

    Hi Patel, I just checked their site again and it looks like they had a 30-day free trial. Did you cancel your service within the 30-day trial period? If you did, then I’d call up my credit card company and contest the payment. However, if you used the service for 45 days then I don’t know what you can do besides not being charged an additional $599 the next year.

    This is the agreement from the Gorilla Trades site: “By proceeding you hereby agree to the following statement: I understand that my credit card will not be charged until my subscription begins; 31 days from now. However, I understand that if I cancel within the first 30 days (during the trial period), my credit card will NEVER be charged.”

    Good luck!

  4. no refund

    the service seemed ok until i wanted to cancel (because i didn’t have time) and that’s where it got bad. 5 months later and still no refund, and no response from them either. stay away.

  5. Ravi Kanth

    Thanks for the informative post. I will regularly follow these type of blogs to learn some new things, This post helped me to find some new things about investment. Please let me know for the upcoming posts.

  6. Ravi Kanth

    Thanks for the informative post. The way you narrated the post is good and understandable. After reading this post I learned some new things about investment techniques. Please let me know for the upcoming posts.

  7. Samantha Clark

    Just learned these techniques! I have pleased to read the entirety of the post as mentioned above in detail. I am going to share the post on my social media pages to see my friends and followers. Thanks and have a good day!

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