Cosmic Alerts

Trial Parameters

Name: Cosmic Alerts

Website: www.cosmicalerts.com

Length of subscription: 1 month

Market during subscription: Bullish grinding upwards

Type of service: Cosmic Alerts Pro

Price: $99 per month

Trial Review

Style

Our view on the style is definitely more of an active day-trading service, although there are swing trades with overnight holds. This type of action requires traders to be very active during market hours, constantly monitoring for trade entry, trims, and exits. The majority of trades include don't include a trade plan or chart. As covered in multiple reviews this type of service is not one we recommend.  Our view on a service that it should train on the proper process with structured daily trade plans, and trade execution and management directions with all trades. The expectation is that when paying for a service it should reduce the time required to sit in front of a screen. If you have the time to sit in front of a screen all day, you should not need an alert service. You should have a strategy or be paying for a service to help develop a strategy.

Strategy

It is hard to tell what strategy is used as the options calls do not include a chart, none that we saw had insight on the rationale for the trade or trade parameters for the setup. In addition, we are also not fans of long OTM (out of the money) call options, as these are typically high-risk, low probability trades. See the example below for PEN, the stock would have to rise to the Strike price in blue, before the vertical red Expiry line. Not impossible, and would yield a big return in the event it worked, however low probability.

Data, insight and innovation

We did not see any evidence or usage of innovative processes, method or data.

Management

Trades are actively managed in the chat group, with add's and trims, and exits. However not in an effective manner in our view, there was little no preplanning of trades, charts with trades, or trade plans.

See the below image for an example of the fast-paced activity within the group, and this is just one trader.

Price

$99 a month is the average price for a service, however, this service provides little additional in terms of education, strategy, and or insight beyond a range of active trade alerts.

Real Life Performance

Due to the nature of trading, and our focus on pre-market and last hour of the day for trade entry/exit and management we only took 3 trades, all of which were winners for a net gain of $709. This should be taken with a pinch of sales as we cherry-picked 3 of the best, within our time parameters.

Education

Limited to no custom education. There are some channels with educational content within the trade group.

Support

We didn’t use support other than to cancel which was quick and easy.

Risk Management

Limited process driven risk management, in terms of providing setup with entry and stops, and how to actively manage stop within trades. Risk management appears to more be based don position sizing with the options trades.

Summary

This type of service is not prefferd our kind of service, however not saying it cannot be a good option for new traders who are active in the market all day, and are looking to just build there accounts without too much emphasis to developing their own robust trading strategy at this time.

Overall the foundations for a strong service are there, with multiple what appeared to be successful traders within the group, with differing styles and generally a lot of actionable alerts during the day, so value for money. Our advice would be to work on professionalism. Have a daily watch list with proper trades plans, provide a chart with alerts that explains the entry, exit, and trade management. Provide a rationale for entering and exiting trades.

Disclaimer:

Our reviews are based purely on our own opinions and experience during the trial period, they are not an endorsement or critique of any particular service no matter how positive or negative our review, it is all only our personal experience. None of the reviews are trading advice or a recommendation to join or purchase any product. Trading is very subjective, based on personal styles, preferences, and lifestyles. As such the experience we have may not be your experience. In addition, the market is highly dynamic, reviews are strongly affected by the market condition and movement at the time of the trial, the results we got might be completely different at a different point in time. Last, trading is a very endeavor all traders no matter how good have ups and downs, it is part of trading, therefore we cannot rule out that any particular review was conducted during a down patch, or at a time when the market was unsuited to that strategy. In short, much like trading, consider this only one part of a larger puzzle, do your own research, and make your own informed decisions.