Carnivore Trading Review
-
Ease of Use
-
Quality
-
Value
-
Performance
Summary
Carnivore Trading is a trade recommendation service run by a team of anonymous traders. This service sends out real-time alerts about stock trades with a primary focus on short-term momentum trades. In addition to real-time alerts, Carnivore Trading also includes a post-market report called the Daily Wrap. Learn more about this trade recommendation service and find out if it’s right for you by reading our complete Carnivore Trading review.
About Carnivore Trading
Carnivore Trading is a trade recommendation service that sends real-time alerts about stock trades that you can copy. The service issues multiple trade alerts per day, but these alerts don’t provide much detail about entry prices, stop loss levels, or price targets. Carnivore Trading can be suitable for traders who want to generate ideas, but it does require traders to be largely self-directed.
So, can this service help you trade profitably? In our Carnivore Trading review, we’ll cover everything you need to know about this trading service.
Carnivore Trading Pricing Options
Carnivore Trading costs $175 per month or $1,785 per year. You can try the platform free for 14 days (credit card required).
Trading Style & Alerts
Carnivore Trading is run by a team of anonymous traders nicknamed Dutch, Trader Z, and Swamp Donkey. The platform claims that the three traders have more than 100 years of combined experience on Wall Street.
Carnivore Trading provides little information about how trades are chosen. There are few details about the service’s guiding approach to trading, and trade alerts do not include information about the rationale for the trade. According to the platform, all stocks must have a minimum market cap of $300 million to be recommended for trades.
After trying out the service, it appears that Carnivore Trading focuses primarily on short-term momentum trades with time horizons of several weeks. Positions are added to or reduced in increments as trades progress, and there may be three to six trade alerts per day. Most trades took place during periods of above-average trading volume, and all of the trades that we saw were long positions.
Trade recommendations are issued in real-time by SMS and email, but these alerts don’t include entry prices, stop loss levels, or take profit levels. Entry prices and target prices are only available at the end of the day in Carnivore Trading’s daily wrap (see below). The daily wrap doesn’t include stop loss details, although several Carnivore Trading alerts mentioned that a stock was sold because it fell below a stop loss level.
This system makes it hard to know what the aim of a trade is when getting into it. It’s up to individual users to decide whether to act on a trade recommendation from Carnivore Trading.
Carnivore Trading Daily Wrap
The daily wrap is a post-market report that’s released on the Carnivore Trading website every evening. It includes a lengthy discussion about market conditions that day, which is quite useful for understanding why the market is moving in a particular direction. It also includes a bull/bear gauge that rates price action in the market on a scale from 0-100.
After that, the daily wrap offers annotated charts showing each of the stocks currently in the Carnivore Trading portfolio. These charts don’t come with much discussion, but the annotations do point out technical indicators that the Carnivore Trading team is watching. For traders who want to understand why a trade is recommended, these charts (provided hours after the trade recommendation) are the main source of information available.
Performance of Carnivore Trading
Information about Carnivore Trading’s performance can be found in the daily wrap. At the end of May 2022, the service claimed a year-to-date gain of 67.3%, despite taking a 26.9% loss in May. For comparison, the S&P 500 was down 14.9% year-to-date. The service reported a 169% gain in 2021, when the S&P 500 gained 27%.
Carnivore Trading Platform Differentiators
Carnivore Trading dramatically outperformed the S&P 500 in 2021 and in the first five months of 2022. The service’s performance is a major draw and can justify the pricey monthly subscription cost for traders with a large amount of capital to deploy.
Carnivore Trading doesn’t provide much information about trades, so traders need to be willing to make decisions based largely on the service’s performance history. While annotated charts are available in the daily wrap, these details about a setup are not available when trade alerts are issued.
🏆 Top Rated Services 🏆
Our team has reviewed over 300 services. These are our favorites:|
📈 Best Day Trading Service Investors Underground 🎯 Best Stock Scanner Trade Ideas 📉 Best Stock Charts TradingView |
💰 Best Stock Picking Service Motley Fool 📱 Best Mobile Broker Webull 📊 Best for Stock Research Seeking Alpha |
What Type of Trader is Carnivore Trading Best For?
Carnivore Trading is best suited for active traders, and particularly swing traders, who want to follow a proven trading system rather than spend time finding their own trades. Carnivore Trading has a strong track record, and the alerts are simple to follow for traders who don’t mind the lack of information with each alert.
However, Carnivore Trading may not be suitable for traders who want to pick and choose trades, or to do their own analysis. It’s difficult to know what setup Carnivore Trading is targeting until the daily wrap is released, and even then, there is relatively little explanation given.
Another thing to keep in mind is that Carnivore Trading offers multiple trade alerts per day. This is in contrast to services like Gorilla Trades, which typically have only one trade recommendation per day. The volume of alerts can be helpful for traders who want to be active in the market, but makes the service more difficult to use for traders who aren’t watching the market all day.
Pros
- Strong performance in 2021 and 2022
- Trade alerts by SMS and email
- 3-6 trade alerts per day
- Daily wrap with annotated charts
- Daily market discussion
Cons
- Little information about overall trading strategy
- No stop loss details given
This is an older post but trying to find info about Carnivore and there isn’t much on their site. In trying to truly mirror them, do they offer “buy” suggestions with a percentage of cash on hand, or how does that work? A portfolio should be diverse so whether a trader is going in with 10k or 100k no one would want to dump their entire cash in the first 3 “buy” suggestions they sent out?
I have been subscribed to Carnivore for the last 5 months or so.
My observations are that these guys are very knowledgeable about the market. They are focused on short-term swing trades, are extremely aggressive and are quick to kill a trade that isn’t performing. That said, they provide a lot of information about the market, which sectors are likely to perform in the short and longer term, and specific stocks to put on your watch list.
,
They have a model portfolio that they review every day in “the wrap” – which provides information about what was bought, sold, % of portfolio – but these change every day (actually many times during the day), so you can mirror them, but you will be monitoring the market all day every day to get the returns that they get.
So far, I am learning a great deal about the market and getting investment ideas from them that are working well. I have used several other services, and this is by far the most active, informative and aggressive. If you are looking to buy and hold without investing much time into the process, this is probably not the best service for you. I think they provide a 2-week free look if you want to see how it works.
Hope this helps.