2 reviews for Sunshineprofits are not recommended
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Massachusetts
1 review
2 helpful votes

So much missed money.
January 6, 2023

PR provides a huge amount of information in his daily reports. However, my main reason for giving a low score is his unwillingness to take advantage of swings in price direction. Once he gets in a position he stays in the position. He loves to talk about how the market rhymes (and it does in a very subjective way), but if you follow his trading methodology you will miss making a lot of money when there are trend changes, often months long. I subscribed to his service for two and a half years and the profits were marginal when one considers the monthly cost is $200/mo, So far PR has made more money from me than I have made from the market. I have noticed that, in his daily reports, he will say that the trend change is imminent. Then after a week of continual upside the wording changes from "imminent" to "the next few weeks", then "next few weeks to months". All the while you miss out on the profit that is being lost as you sit there and watch what little profit you did have disappear as the price of gold just keeps rising and rising (this is assuming he is calling for a short position). He claims he is not a perma-bear. But I cannot see where this is true. Once he has decided the direction he sets up a position and stays in it regardless of any outside factors and then adjusts the commentary to explain why the current price movement is irrational and will turn soon. The turn is just around the corner, or maybe next week, or next month or by the end of whenever. As I write this, gold has gone from a low of $1,618 (11/3) to $1,869 (1/06/2023@ 11:10am). In all that time every report stated that the economic fundamentals, chart pattern rhyming, interest rate increases, the USDX is about to explode because the new month has arrived and that is when the dollar typically makes a reversal, the masses do not recognize the FED's intent to continue raising interest rates in order to slow down inflation, etc etc etc. John Maynard Keynes said it best, "The markets can remain irrational longer than you can remain solvent" is the main message I want to say here. I do not fault PR's intentions, I do however, fault his ability to recognize the difference between a substantial change is price direction vs a pullback before resuming the trend. This simple thing will result in a significant loss of money, either directly or from missed opportunity. The recent change in direction I cited above is only one of many direction changes that PR said the risk of missing the resuming of the down trend was not worth trying to capitalize on the upswing. This is not just a one off. This happened time and time again. I don't put all the blame on PR. I am a big boy and can make my own decisions. But I can't tell you how many times I sat at my desk saying, "This is going higher, a lot higher", all while his daily report states that market is not taking into account some technical aspect and the current uptrend is temporary and that the down trend will resume shortly; only to read a few days later that the down trend will resume over the next few weeks/months. The lost opportunity has been staggering. Even if all you did was VWAP or basic Fibonacci or whatever, the lost trades has been enormous.
In the end, I take responsibility for my trading. What I will say is that I had never traded the PM's and was looking somewhere to go to learn how to trade this specific class of business. I did learn a lot from Sunshine Profits (now called Golden Meadow) regarding trading instruments and such. I believe I am much better equipped to trade the PM's now. As they say 20/20 hindsight is always 100% accurate. But no doubt if I had used VWAP in conjunction with Fibonacci I would be miles and thousands of dollars better off than using the buy and hold methodology PR provides. To put it in perspective: from the August to Jan timeframe I mentioned earlier the GDXJ went from a low of $27.85 to $39.62 (as of 11:53 am). Anyone with a decent understanding of charts and patterns would have recognized, as I did, that the price action indicated a change in direction. All I can say is, "The markets can remain irrational longer than you can remain solvent" is very important. PR can give any number of reasons why the general masses are missing the big picture, or the forest for the trees as he likes to say. But in the end the irrational market is not irrational, it is simply the market. Traders MUST take this into account or you will suffer. I use his overall price points as goals, but I now trade the chart that is in front of me and do not hold on and hope the trend will return to the direction PR says it "should/will" go. I trade what is in front of me. If today (6 Jan 2023) provides a bearish candle indicating the direction has changed I will be short. However, there is nothing at the moment that says the downside is about to begin, nothing. That thinking only trains a person to try and catch the falling knife. As I heard Kenny Glick once say, "If you are above the VWAP in a short position or below the VWAP in a long position, you are on the wrong side of the trade. If that is the case, get out". PR might very well be spot on with his long-term targets for gold and silver, I just cant take the hold on for dear life and hope he is right. My biggest problem as a trader has come from not taking profits along the way, taking too much risk given the risk/reward in relation to my account size and not being disciplined in using stops in order to limit my loss. PR simply establishes a position and then holds on. I can't (no one should) trade that way. Unless of course you are using gambling money. PR opens every report with the phrase that the trade is "speculative". I get that, but it should not mean risking it all. Trading is an art while employing solid time tested principles. Even my speculative trade positions have stops and target objectives along he during the trade cycle, I always take some money along the way. That way I never see a huge profit disappear or even go negative. This is the single greatest flaw in PR's style of trading. He will let a giant win turn into a loss because he "knows/thinks/believes" the general market does not see what he sees. To which I say, "The markets can remain irrational longer than you can remain solvent." Buyer be ware.
Just my two cents.
Tom

Tip for consumers:

Not for beginners service

Products used:

stock charting service

Date of experience: January 6, 2023
Georgia
1 review
1 helpful vote

Great combination of technical and fundamental analysis of the precious metals market.
March 31, 2021

Here is a message that I sent to Sunshine Profits recently:
"I have come to really value your perfect mixture of technical and fundamental market analysis. I have told everyone I know how valuable your newsletter is and how hard you work to earn the more than reasonable fee."
I have been trading the markets since before the Dot Com bubble so I'm pretty familiar with its fickle and sometimes unpredictable behavior. I've read many newsletters over the years but this one is by far the best I've ever seen. As I mentioned above, what I really appreciate about it is the complimentary marriage of both technical and fundamental analysis. To me, technical analysis is the WHAT and fundamental analysis is the WHY - and Mr Radomski does a very thorough job of covering both and blending them together for a more complete understanding of the forces acting on a particular sector, ETF or stock. His flagship letter that comes out every Monday is an exhaustive compilation and analysis of those forces as well as specific ETF considerations with price entry and exit points. I'm sure it takes many hours of research and writing to produce it... and, then, there are additional letters produced every Tuesday through Friday as follow-ups discussing the market's progress as it relates to his predictions. Also, there are occasional intra-day alerts if something of unusual importance occurs - and, he takes the time to answer all questions asked by his subscribers.
I don't understand how anyone could not find this newsletter helpful unless, possibly, you're trading such small amounts that you could not justify it's cost. Of course, there are always those people who think that ANYONE can predict the markets with 100% accuracy and be ALWAYS and INSTANTLY right about every move. These people have unrealistic expectations and really should consider having someone else manage their money for them. This game is not for them.
All that can reasonably be expected is to analyze the market forces acting on a particular product and attempt to predict the PROBABILITY of it moving one way or the other. In my particular case, Mr Radomski has been right on the money nearly every single time - and, even when he is off a bit, you still can't fault the logic in his approach.
His newsletter has paid for itself many times over and, as long as I am managing my own money, I will certainly continue to subscribe to it.

Tip for consumers:

The depth and amount of data in the newsletter.

Date of experience: March 30, 2021
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