- Ease of Use
- Quality of Stock Picks
Stock-picking subscription service, GorillaTrades, has many in the trading industry buzzing. GorillaTrades makes use of a moderately aggressive strategy and gives its users access to many tools. Read our thorough review to learn more about GorillaTrades and all they offer.
GorillaTrades is a stock-picking subscription service that uses a moderately aggressive strategy to identify profitable trades. While GorillaTrades is light on the research presented to subscribers, the service does issue multiple entry points and stop loss levels for every stock pick. In addition, users have access to the full history of trades made on the platform and the current portfolio, so it’s possible to evaluate how different types of stock picks have performed in the past.
GorillaTrades Pricing Options
GorillaTrades offers a 30-day free trial, after which a subscription costs either $499.95 annually or $750 bi-annually.
GorillaTrades’ trading strategy relies heavily on technical analysis to identify potential stock picks. In particular, the vast majority of the stocks picked by the platform’s analysts are exhibiting a bullish ascending triangle pattern, and the stocks are “triggered” for buying when they break out above this pattern. This is a notable difference in trading strategy from Motley Fool’s stock picks, which rely significantly more on fundamental analysis and company research to identify stock picks.
Another important difference to GorillaTrades’ strategy is that it relies heavily on confirmation of the breakout with a volume signal. In many cases, traders can wait until a breakout is confirmed to begin buying. GorillaTrades also sets trailing stop losses for every recommended trade, which prevents some of the greater than 10% losses incurred with the Action Alerts Plus strategy. The only form of scaling recommended by GorillaTrades is scaling out – every stock is given two price targets, and the platform recommends selling 75% of shares when the first target is achieved.
Overall, the strategy appears to be quite successful at returning gains of around 10% per stock pick. Importantly, losses are kept to within 7% for almost all trades thanks to the practice of trailing stop losses.
GorillaTrades is a stock picking platform and offers daily updates on stock picks as the analysts behind the platform find potentially profitable trades. With every stock pick that GorillaTrades publishes, the software issues one or more entry levels, one or more target prices, and a stop loss level. GorillaTrades also issues each stock a risk rating on a scale of 1-5 depending on the volatility and risk-to-return expectancy of the stock.
Helpfully, subscribers can keep track of the current GorillaTrades portfolio using an Excel or web-based table that is updated each day. Users can also easily view the past five days’ worth of stock picks, as well as historical picks going back as far as 2003.
Note that in addition to bullish stock picks, GorillaTrades also issues short picks when applicable. However, these are less commonly issued than bullish positions.
GorillaTrades also issues stock picks, so-called “picklets,” for small-cap stocks with stock prices less than $5. However, there are typically only a few of these per year (e.g. only five picks in 2018), so these picks may have limited use for most traders.
GorillaTrades sends two emails each day. The first is a mid-day email, issued around 1pm Eastern, that describes how the overall market is doing during the day and highlights any stock picks that have triggered entry or exit points.
GorillaTrades’ nightly email goes into much greater depth. First, it summarizes the week’s activity and the current status of the GorillaTrades portfolio. While the number of links back to the site can make this newsletter hard to follow, the information contained within it is quite useful. The newsletter will also identify any picks that have been stopped out over the course of the week.
Perhaps most important, the weekly email contains a detailed discussion of the trends and news that shaped the broader markets. For investors who are performing their own analyses on the GorillaTrades stock picks, this analysis can be highly informative. The discussion includes how current GorillaTrades stock picks are faring compared to the market overall.
GorillaTrades doesn’t have standard interactive stock charts, but rather annotated non-interactive charts that illustrate entry and exit points for stocks that have them. The annotated charts are similar to IBD’s MarketSmith and Leaderboard services but limited to a select few stock picks.
While these charts can be accessed from the current portfolio, it is also possible to search individual stock tickers – although most stocks will not have annotations.
In addition to stocks, GorillaTrades does make some options picks. However, whereas stock picks are issued on a daily basis, option picks are only issues once per week or less frequently. Most of the options picks offered by GorillaTrades use a relatively conservative bull spread strategy and do not branch into more complex options trades.
GorillaTrades Service Differentiators
At its heart, GorillaTrades is a stock picking subscription service – of which there are many available. What sets GorillaTrades apart is that it focuses on bullish ascending triangle patterns to identify potential trades. In addition, the platform keeps a full history of its trades available for subscribers, which makes it possible to get an idea of how the service has performed in a particular sector or setup in the past. Overall, GorillaTrades seems to perform relatively well compared to the broader market and limits its losses compared to stock picking platforms like Action Alerts Plus.
The other thing that sets GorillaTrades apart is that it looks at a variety of picks. In addition to standard stock picks, GorillaTrades issues “picklets” for small-cap stocks and weekly options picks. The end-of-week email gives a wealth of information about the overall state of the market and the GorillaTrades portfolio.
What Type of Trader is GorillaTrades Best For?
By taking a technical-focused approach to stock picking rather than trying to play corporate news, GorillaTrades can appeal to a relatively wide variety of traders. Stocks are usually held for a period of several months, making it an ideal choice for active investors who are comfortable with incurring short-term gains.
While less experienced investors could blindly follow GorillaTrades’ stock suggestions given the entry and exit points, new picks are often announced with relatively little explanation. Therefore, traders using GorillaTrades should also be comfortable doing their own research to decide which stock picks to act on.
- Reliable stock picking service with well-demarcated entry and exit points
- Twice-daily emails with updates on stock picks
- Historical stock pick data back to 2003
- Weekly options picks and occasional small-cap stock picks
- 30-day free trial
- Expensive annual subscription
- Emails and site can be hard to navigate at first