Our mission is simple: to educate investors and traders on what signals seem to work best with finding high alpha and beta stocks.
The story of our Founder and President: Our service relies mainly on the observations and opinions of our chief technical analyst, Mike Carleton. Mike has been a trader and investor of stocks for the past 27 years. Traders affectionately call him "Ace."
Growing up and residing in the Midwest Mike always had a fascination with the various markets that trade stocks, options and commodities. He visited both the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) observation decks several times even before he ever traded one share of anything and was excited about this fast-paced world where wealth could be built by savvy trading and "street smarts."
Mike's interest in the markets grew from his fascination with numbers and probabilities. While some kids were running the bases and getting batting instructions from their fathers, Mike's parents couldn't afford to enroll him in organized baseball leagues. But Mike loved to follow major league teams and he traded baseball cards with other kids. While some kids simply looked at the player's pictures, Mike loved spending hours studying each player's stats from the back of the cards. He would figure batting averages, on-base percentages, and home run ratios, and even relished guessing the attendance at the baseball stadiums...and all of this before hand-held calculators existed.
Mike was also a bit of a precocious child...from about the age of 8, he would read the nightly newspaper that his Dad would bring home from work. When other pre-teens were out shooting marbles or running the bases, Mike was voraciously absorbing the news and thinking about how these events might affect the daily lives of his family and friends.
This same thirst for the news carries over even today as Mike voraciously reads through such news sources as the New York Times, the Wall Street Journal, the Financial Times, Investor's Business Daily, Forbes and Barron's to keep abreast of the latest events as well as spot potential sleeper stocks for his trades.
Mike's penchant for figuring percentages and odds (many of which he can do quickly in his head without the use of a calculator) led him to "the sport of kings" as a young man--horse racing!
Mike loved to watch the pari-mutuel ("tote") boards at the track and observe how bets were placed. He realized that many people didn't really know what they were doing, but were simply following the leaders--that is, the influencers at the race track, which included newsletter touts and successful bettors who had followings in the crowds.
He also realized that people like to bet with the favorites--if a certain horse was getting unusual betting, many people would follow that betting and place their own money on the same horse. Sometimes the strategy paid off, but many times, it was only "a head-fake." Mike also learned that there was something called "breakage" which made most favorites more of a sucker's bet than the public knew. (Mike later came to realize that stock brokers, especially discount brokers, had their own game of "breakage" going which can drastically cut into a trader's profits if the trader is not aware of the practice of volume trading.)
Mike came to realize that the tote boards were very similar in nature to the price boards found on the New York Stock Exchange (NYSE) and other stock exchanges in that both represent the sentiment of the crowds. From these early observations at the race track, Mike realized that people often over-value some horses and under-value others. He further realized that many people simply follow the crowd (led by certain influencers). Mike became pretty good at the race tracks by being a smart contrarian, often winning on longer odds bets with bigger pay-offs, simply by spotting under-valued ponies....
Academically, Mike was very good too. As he came of age, he astounded his fellow students and even his teacher in advanced prep school economics classes. He went on to college where he further demonstrated his grasp of economics while earning both a bachelor's and master's degree in business disciplines from a fully-accredited private college. After college, Mike found jobs at the college he had attended because he graduated in 1981 at the height of high unemployment in the country. After a few years of work at the college, Mike finally established a long and successful career in a small niche of the financial services industry. However, his niche within the financial services was not in equities trading or investing, so Mike studied this facet of the industry in his spare time on evenings and weekends. Now married happily for many years and with a loving family, Mike enjoys a good home with his family when not involved with the business.
How AceStockTrader.com came to be: Over the many years, Mike has traded stocks thousands of times. Many of his early trades, which were actually long term investments of 6 months to a few years and those returned very handsome gains. However, he suffered some setbacks too, and so Mike decided to get more educated on the science behind stock selection, which was a natural for someone with a strong curiosity for numbers and monetary values of things.
He became an avid reader of the financial pages including many well-known and respected publications, as well as lesser known ones too. Mr. Carleton prides himself on finding many stocks while still early in their "runs" to higher ground. Or in the case of shorting opportunities, he prides himself on spotting potential short or sell situations with regards to stocks. In many cases, Mr. Carleton's stock picks are developed from major new themes, and so he calls many of his trades or investments, "theme stocks" or "story stocks," which he believes offer some of the best returns over time.
For about the last 15 years, Mike has studied chart patterns and chart indicator graphs in a "science" known as "Technical Analysis," or "TA" for short. What Ace likes about TA is that it attempts to quantify the actions of the trading public, and particularly the large institutional traders who control 80% of the money flowing through the stock markets on most days. However, most traders follow simple TA constructs and are doing nothing more than following the crowd. Ace uses a greater variety of TA tools and in a different way which allows him to anticipate moves before they happen.
Like Sir Arthur Conan Doyle's fictional detective character, Sherlock Holmes, Mike is a sleuth who works brilliantly at sifting through the clues of a puzzle to solve the mysterious moves of stocks, up or down, before they occur. Yet, also like the fictional Holmes, Ace maintains a little distance from financial establishment's insider network of professionals. This helps to give him a more clear, unbiased perspective of the markets. Yet, it should be knonwn that Ace has had an affiliate membership in the professional Market Technicians Association, and if things ever slow down, Mike plans to validate his knowledge as a Certified Market Technician (CMT).
Indeed, Mr. Carleton developed a strong following among traders with his amazing and consistent "calls" over the years at a couple of community websites devoted to stock analysis. At one of the sites, he was nicknamed "Ace," which explains how he came up with the name for this site. Mr. Carleton uses a combination of technical analysis (charting) and fundamental analysis to arrive at his stock suggestions. Furthermore, many investors and traders have learned to follow Mr. Carleton's sense of the markets' direction, and many consider him among the very best of traders.
Mike has also amazed his followers with his keen ability to spot major market tops and bottoms. He went short the stock markets in August of 2007, just two months before the stock markets topped...and during the Great Crash of March 2009, Mike called for a complete turnaround just two days before it happened while nearly every trader feared for far worse...and when the great new rally was under way, he remained steadfastly a bull, while others kept warning that the new rally was strictly "a sucker's bounce." We now know that Mike called the bottom of that crash and consistently stayed with the greatest bull market run in history...a 100%+ run-up for the S&P 500 from those March 2009 lows!
Mike made these major calls on public websites, but sadly, one site went under while others deleted his public calls over time.
In 2010, Mike decided to start hosting his own blog and trader's forum which allows his public calls, both good and bad, to be preserved for others to see. Mike has proved to his followers that he can not only show them how to make money, but he can also help them protect their money in times of great market stress.
Of course, there is no guarantee that Mr. Carleton will have future success based on past performance, but in our opinion, we believe he is very good at what he does. Many traders have made more money off his suggestions than they have from better known services (that charge two or three times what this site charges). See our Testimonials page about Mike's past calls and also look up Mike's more recent calls on the Ace Talking Stocks Forum. (Mike operates under the name of "AceStockPlayer" on our trader's forum).
Mike is not afraid to offer his 45 day unconditional money back guarantee on his educational courses because he knows that once people see his stock strategies in action, the vast majority will stay with him for a long time.
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Welcome to one of the most exciting stock trading websites on the Web today!
Everyone is welcome to share our FREE services on this site so long as they agree with our Terms and Conditions.*
Many of our visitors come here for the unique FREE services which they find useful for their own trading and investing strategies.
For example, there is our fast growing message forum hosted by ACE which features a group of very savvy traders, most of whom rely heavily on Technical Analysis (charting). The site is called Forum-TALKING STOCKS, and anyone can access the forum from the navigation buttons to the left. (The opinions of these traders should not be construed as personal financial advice...see our Terms and Conditions.*)
All of our site visitors are invited to register at the TALKING STOCKS forum if they would like to communicate directly with the traders....or you can simply view the forum if you so choose.
Another free service is Ace's blog which we call "The Profits Key." In this blog, Ace discusses his view of the markets, and often pinpoints stock sectors that are about to rise or fall. Visitors are encouraged to place their own comments or leave a question.
However, for those who want or need more expertise, you are invited to try out Ace's Premium Member Services. For instance, you may be looking for a simple system that tells you when the odds are favorable to invest, trade, or hold positions in stocks, bonds, or precious metals. An investor or trader can have this invaluable service which is likely to save them money or make profits several times more than the annual cost.*
With computerized robot trading now running better than 70% of all the trades, Ace believes that a trader needs to understand the way the trading robots "think."
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