Frequently Asked Questions
If you don’t see your question listed below, please contact us and we will reply to your question directly.
What instrument is the weekly call for?
We follow the NASDAQ-100, so the traded instruments are the TQQQ ETF and the SQQQ ETF. The TQQQ ETF and the SQQQ ETF are inverse to each other which is why every week our calls are ‘buy’ calls.
Thus, if we determine the NASDAQ-100 will be up for the week, the call will be to buy the TQQQ ETF. If we determine the NASDAQ-100 will be down for the week, the call will be to buy the SQQQ ETF.
When do you announce your weekly calls?
For subscribers our weekly call is announced on our website on Sunday evening eastern (New York) time.
We put out a delayed call on social media on Thursday night, the day before the Friday market close, for people who want to follow our calls to see how we perform before they choose to subscribe with us. Follow Alchemy5 Edge on Telegram, X/Twitter, Instagram, Reddit and Tumblr.
Why did you choose the TQQQ ETF/SQQQ ETF?
We chose them for two reasons. First, they are in a highly liquid market which means it is easy to get into and out of the trade. Second, they are highly leveraged instruments.
Are there any other tradeable calls you offer?
We are constantly developing new offerings which subscribers can trade. When we have a new one on offer we will let subscribers know, and we’ll also announce it on our website and on social media.
What is a stop loss?
Sometimes a trade goes in the opposite direction than a trader expects. When that happens a stop loss is used during a trade to limit the size of potential capital loss. You should always trade with a stop loss. Please read our disclaimer before subscribing.
How do I calculate the stop loss?
For either the TQQQ or the SQQQ trade take “your” entry price and subtract the recommended stop loss %. The recommended stop loss % for each week is announced on the Members page.
Here’s an example of how to calculate an 8% stop loss: If your entry at the Monday open is 35.25 you would use that number and subtract 8% (35.25 – 8% = 32.43). You would set your stop loss at 32.43 which is below your entry price.
What standard do you use before offering new tradeable calls to subscribers?
Profitability. When we test a new call our team must show a predetermined level of consistent profitability over time before we offer it to subscribers.
What account size should I trade?
The amount of money a trader uses to trade our calls is entirely up to them. Traders must take into account what they can afford, the various costs associated with trading such as transaction fees, and be able to sustain potential losses which sometimes occur in order to keep on trading their account.
For our analysis we assumed an account of $10,000, but a smaller account size than $10,000 (e.g. $5,000) can still trade our calls and potentially make a profit.
Do I have to trade every week?
Whether traders use our calls every week is entirely up to them. Our results are based on taking action each week (or no action when there is a ‘pass/no trade’ week). Keep in mind that our hypothetical trading example results are based on having traded every signal. Not trading when a direction is indicated may affect your overall profitability.
Do I need to be able to do market analysis to trade your calls?
No. Our system is designed to make it easy for traders of varying levels of experience to trade our call. However, more knowledge is usually better and we do recommend you do your own research. Please read our Disclaimer.
What is a ‘pass/no trade’ week?
A pass/no trade week is when we do not have a strong signal to determine a potential direction for that week.
Do you include ‘pass/no trade’ weeks in your overall determination of profitability?
Yes. All wins, losses and pass/no trades are included in our analysis summary.
Do ‘pass/no trade’ weeks hurt my profitability?
No, they don’t. ‘Pass/no trade’ weeks work in your favor because there is no loss and no trading fees incurred when you don’t trade. You can read more about the value of ‘pass/no trade’ weeks here.
Posting all of your results is unheard of. Why do you do it?
We have nothing to hide and believe transparency is important for traders to make an informed decision as to whether they should subscribe with us. We let our results speak for themselves.
Do you trade my money?
No, we don’t. Subscribers must trade their own money.
Will you help me set up a trading account?
Subscribers are responsible for setting up and funding their own account to make trades.
Do you recommend any particular brokers I should sign up with to trade your calls?
No. There are many good brokers available to choose from, but it is up to the subscriber to do their own research to find out which broker suits them best.
I’m busy during the week. Can I set up a trading platform to enter and close my weekly trades automatically?
Yes, but it depends on the trading platform offered by brokers to make the trades. Ask your broker to find out if the trading platform they offer has that feature.
Where I live it’s difficult to trade some ETFs. Is there some other way to trade your calls?
Yes, we suggest other ways to trade the signals (e.g. futures contracts related to the ETFs). These are listed when we post the weekly calls.
What should I do if I lose my login credentials?
Contact us and we’ll re-set your password and send you new login credentials.