Hello and welcome to my review of The 1K Club.
I discovered The 1K Club after seeing a presentation about it featuring Markay Latimer, the woman behind it.
According to the presentation, The 1K Club is a trading system that can help you make $1,000 or more each week, and all it takes is just 30 minutes or less each day.
Sounds exciting, but is it really legit?
Well, I decided to take a closer look to find out. Because it’s easy for someone to make bold claims, but whether or not they actually deliver is another story.
Anyway, what I found was that The 1K Club thankfully isn't a scam. It's a real trading service developed by Markay Latimer, that shows you how to make money trading stocks using her own unique system that she developed after years of trial and error.
Would I recommend it?
Well, the truth is, after reviewing 100's of stock picking services over the years, there's really only ONE service I recommend. It showed me how to 4X the S&P 500, invest better, and grow my wealth – without having a degree in finance. And you can see exactly how it works here.
That said, The 1K Club is legit, so it could be worth joining if you're interested in learning how to trade a handful of stocks based on Markay's unique three step approach.
Just know that trading is risky. So, even though Markay shares some great training, tips and resources to help you make money, nobody can time the market perfectly.
What Is The 1K Club About?
The 1K Club is a trading program developed by Markay Latimer, an expert trader and investor with decades of experience.
As a member, you get access to her exclusive trading education, as well as one trade she recommends each month that she says could make you an extra $1,000 or more.
How does it work?
Well, according to Markay, there are three main steps in The 1K Club system:
- She looks at her favorite charts;
- Picks the best stock opportunities;
- And sets up her automated trading system
For the most part, she focusses on a handful of stocks and looks for specific patterns in the charts to identify the right time to buy, hold, or sell a given stock. And using her unique three step approach, she finds the trades she likes the most and shares the best one with members.
That's an exciting prospect. Especially considering Markay Latimer's track record. And on top of sharing her trade picks, she shares her insights to help educate you on how to trade.
Which I think is really important. Because otherwise you're just blindly following someone's recommendations, which isn't a good idea since nobody is right all of the time.
Regardless of the individual newsletter or financial guru behind it, there's always a high level of risk involved in speculating in the stock market. So the more you learn, the better.
How much money can you make with The 1K Club?
According to Markay, she's used this same system for years to make an average of $2730 every 9 days, and says members could make $1,000 or more each week by following her system. So if what she's saying is true, this could potentially make you a full time income.
Not everyone who joins The 1K Club is going to make lots of money though. How successful you are depends on how much effort you put in, how much money you have to invest, how much risk you're willing to take, the trades themselves… and many other factors.
The good news is that, as a subscriber to The 1K Club, you get access to training videos and educational material to help you learn how to trade successfully. And you get to see what trades Markay thinks are worthwhile, and decide if you want to use those ideas to profit.
How Much Does It Cost?
The cost of joining The 1K Club is $49 per year, or it costs $279 if you want to join the VIP membership. Keep in mind, however, that you will also need money to trade with. But according to Markay, $500 is enough to get started with.
I'm not sure if that'd be enough to get you to $1,000 per week though.
Because if you think about it, that'd mean making 200% returns every single week, and most expert traders make far less than that.
In the world of trading, making a 20-40% YEARLY return is considered good! So, in my mind, to be making $1K per week, you'd need a lot more than $500 to trade with.
How Does The 1K Club Work?
The way 1K Club works is pretty straightforward. To get started, all you need to do is visit the Markay Latimer website and purchase the 1K Club for $49, which gives you access to the following:
- 30-Minute Trading Day Blueprint: This is a written PDF guide that shows you how Markay’s trading system works and her three favorite patterns to trade. After reading this, you'll know exactly how the system works, and with the help of the videos, be ready to begin trading.
- Video Training: Members also get access to Markay’s video training series which shows you how she identifies her trades and how she executes on her trade ideas from start to finish.
- Monthly Trading Idea: This is what most people would be signing up for – access to Markay’s best trade idea each month, which she says could help you make an extra $1,000 or more each week.
- Updates: Markay provides members with email updates so that you know when to buy, hold and sell a given trade she has shared with you as a member.
- Support: If you ever have any questions about your membership, there are support staff you can call. This doesn't include trading help, it's more like a customer support line.
As you can see, you get a ton of value for the asking price.
When you boil it all down though, there are really two main benefits to joining. The first is the monthly trade picks that are sent to subscribers of the service. And the second is the education aspect, which is about helping you learn and develop your skills as a trader.
And the cool thing is that, if you don't like system, the website says there's a 365 day money back guarantee in place which gives you added peace of mind.
Who's Markay Latimer – Real Trading Guru?
Markay Latimer is the woman behind The 1K Club, as well as a host of other trading and investment based courses that she sells on her site.
According to her profile page, she's been very successful at trading market over the years and has helped 100,000's of students from all over the world become successful traders.
From what I can gather, the story goes that she started out in medical school before realizing she wasn't very good with the numbers side of things.
So apparently she switched to a career in the arts, which she excelled at, but wanted to do something that paid more.
Then she says she discovered the world of online trading and went about learning everything she could. Apparently, she started out with just $2,000 and turned that into $2 million within just two years. Which is a very impressive achievement to say the least.
And after continuing to master the art of trading, she decided to begin teaching others, which is something she is very talented at.
One of the cool things about Markay, at least from what I have seen, is her ability to break complex things down and make them easy to understand. So not only is she an expert, she's also a great teacher which is always a good thing.
Is The 1K Club Legitimate?
The 1K Club is a real trading service that aims to help subscribers make money trading. And I personally think that for $49 per year, there's not a lot of risk in buying the subscription itself.
Especially not since there's a 365 day money back guarantee.
That doesn't mean it's completely risk free though.
As with any type of trading, there is always a chance of losing money. So the risk more comes into play if you follow Markay's advice and things don't go exactly as planned. For example, if you place a trade and it doesn't go according to plan you could lose money.
Either way, it’s not a scam, but that doesn’t mean it’s completely risk-free or that it’ll make you rich. As with anything, it pays to consider the potential downside before diving in.
Markay Latimer is a world class trader who shares a great deal of value with her members. So it’s possible that by following her system could end up making a lot of money.
On the other hand, there’s a high level of risk involved trading and you’re essentially just following what someone else is doing. Which in some ways is good since Markay is an expert, but it's always important to know what you're doing if you want to be successful.
So if you do decide to join, it would make sense to educate yourself diligently. Both with the information Markay Latimer provides and from other sources. That way, you can be more confident in what you are doing and give yourself a greater chance of success.
Either way, I don't normally recommend trading programs like this.
Not because I think they're scams or anything. I mean, some are for sure. But in this case it's just because trying to predict short-term price movements is risky. I prefer to take a longer term approach to investing rather than trading in and out of stocks.
That's me though.
What you decide to do from here is up to you. I'm not affiliated with The 1K Club, so my aim with this review was never to convince you to buy, or not buy, the program. My aim is to simply share my opinion and help you make a more informed choice either way.
Hope you found this article helpful! My name is Jeff and I'm the creator of Mad Money Stacks. I started this site to help others avoid scams and share honest, legitimate methods of creating wealth in the stock market. Like my top rated service, that shows you how to 4X the S&P 500 and grow your wealth – without having a degree in finance. Go here to learn more.