Top Stock Picks Review
Top Stock Picks (click here to learn more) is an online stock trading website that is focused on helping beginners learn his strategy via a monthly/yearly subscription. The website is run by Jeff Bishop, a multi-millionaire trader with 20 years of experience in the markets. Jeff trades Small Caps, Large Caps, Options, and ETFs. Last year he traded over 100mil in stock!
Jeff actively trades leveraged ETF’s or Exchange Traded Funds. This is a financial product that tracks and index, commodity, bonds, or a basket of assets. The main difference between a normal ETF and a leveraged one is that the leveraged ETF gives you more exposure on the asset class it is following. An example of a leveraged ETF would be the Direxion Daily Gold Miners Index Bull 3x Shares which trades under the ticker NUGT and tracks the performance of the NYSE Arca GoldMiners Index. As the name implies the fund is trading at three times the index which means it is more volatile and has better opportunity for day traders and swing traders and also greater risk for bigger losses. That is why it is important to understand how these products trade and where Jeff’s service comes into play. He has been trading these products successfully for many years now and has developed a strategy to take only the best risk/reward setups.
Jeff offers Quarterly and Annual subscriptions for Top Stock Picks. You can then decide to trade with him or watch for a little bit to see how he handles different situations. The chat room is setup so you can ask him questions while trading to help manage your position and what’s great about it is that the questions are private so you don’t have to worry about what other people may say. This is a nice feature and makes members feel more comfortable. Trading is probably one of the hardest things I have attempted to do and I will be the first to say that every beginning trader needs a mentor. Someone who will correct you when you are wrong and then guide you towards better habits and techniques that help build your confidence and your ability to become a consistently profitable trader.
When you sign up with Top Stock Picks you will get a bunch of great tools that will help you learn and understand his trading style along with a ton of videos and tutorials that you will have unlimited access too.
With the subscription to Top Stock Picks you will get:
- Real-time alerts sent to you by Email and Text
- Daily Watchlist detailing what Jeff is looking at for the day and his thoughts on the market
- Video Lessons teaching his strategy and general trading principles
- Expert mentoring
- Great customer service
Quarterly Subscriptions cost $297/qtr
Annual subscriptions cost $799/year
Overall, I found that Jeff’s website and service were beneficial but mainly to the new trader. His services are reasonable considering everything you get and worth checking out especially if you’re just starting and need a professional mentor who can help lead you in the right direction. When I first started out I didn’t have a mentor and ended up costing me a lot of money. If I would of had someone like Jeff I would have been on a faster learning curve and could have kept a lot of that money in my account. A large majority of traders fail their first go at it and this is because most new traders lack the skills and knowledge that someone like Jeff can offer.
As always, if you have any questions or comments about Top Stock Picks please leave us a message below!