JoltTaker FAQ's (Frequently Asked Questions)
Who can be a JoltTaker?
Any person over the age of 16, or any legal entity, from any country. Note: some deals are accessible to
persons of a specific country or region. But this will be stated in the deal.
How can I understand the service of TradeJolt?
Think of TradeJolt as a-la-carte newsletter. Or as an Ebay for financial trading ideas.
The Trading alerts and tips are free, but you can
purchase specialized guidance on how best to profit from them, if you feel you can benefit
from such guidance. You are in control. Unlike many investment newletters, the Jolt Deals and Jolt Guidance
are not stale by the time you read them.
Is TradeJolt a brokerage or crypto exchange?
No. TradeJolt is a marketplace for trading ideas. You must act upon these ideas
yourself through a brokerage or exchange that you have set up independently of TradeJolt.
TradeJolt itself does not process trading transactions, nor facilitate such
transactions. Nor does TradeJolt escrow client monies in any form.
As such TradeJolt is not a regulated company by the SEC, CFTC or any other governmental
organization. Of course, TradeJolt must abide by the rules of every country in which it operates.
Is this a free service?
It is free to use the service as a registered member, known as a JoltTaker. JoltTakers can peruse the different deals,
view the forum discussions, and participate in these forums.
Many users, even experienced investors, choose to improve their trading results by purchasing specific guidance from the JoltMaker
publishing that deal. This cost varies and is determined by each JoltMaker for each new deal.
How does TradeJolt service itself make money?
TradeJolt shares in the fees generated by users who purchase the Jolt Guidance of a
given deal. Its share is 30% of those fees. The remainder goes to the publisher of the guidance.
What is the role of the JoltMaker?
The JoltMaker is usrually an area specialist in a given industry or in a given company.
The JoltMaker will publish unique trading opportunities from time to time as he or she discovers
these. These are known as Jolt Deals.
The Jolt Maker is financially incentivized to do so, as he or she gets paid for guidance if it is purchased. Many JoltMakers also participate in the hope of getting new followers and new clients, for an existing newsletter or other service.
A good JoltMaker will make a clear, compelling case for what is the most likely outcome of a given economic event. Most times, the JoltMaker themselves are participating in the trade, and have skin in the game. They must reveal if they do or do not.
Most JoltMakers not only provide clear instructions as to how to time entrance and exit into the deal, but also how to manage the trade as time evolves. They do so by participating in the forums.
The Jolt Maker is financially incentivized to do so, as he or she gets paid for guidance if it is purchased. Many JoltMakers also participate in the hope of getting new followers and new clients, for an existing newsletter or other service.
A good JoltMaker will make a clear, compelling case for what is the most likely outcome of a given economic event. Most times, the JoltMaker themselves are participating in the trade, and have skin in the game. They must reveal if they do or do not.
Most JoltMakers not only provide clear instructions as to how to time entrance and exit into the deal, but also how to manage the trade as time evolves. They do so by participating in the forums.
What makes the JoltMakers experts?
At TradeJolt we value substance over form.
TradeJolt selects JoltMakers based on a history of great investment results or a proven basis of knowledge in a specific field, such as a scientist working in the biotech industry who closely follows biotech stocks. Many times, these JoltMakers will be licensed financial professionals, but they need not be. They may not even hold any offical degree or title, but just have built a great understanding of an area or business.
Over time, users will see which JoltMakers ar the best to follow and which guidance is valuable and worth paying for. All JoltMakers are rated both by TradeJolt and by JoltTakers with money committed to a trade.
TradeJolt selects JoltMakers based on a history of great investment results or a proven basis of knowledge in a specific field, such as a scientist working in the biotech industry who closely follows biotech stocks. Many times, these JoltMakers will be licensed financial professionals, but they need not be. They may not even hold any offical degree or title, but just have built a great understanding of an area or business.
Over time, users will see which JoltMakers ar the best to follow and which guidance is valuable and worth paying for. All JoltMakers are rated both by TradeJolt and by JoltTakers with money committed to a trade.
Can I get a refund for bad advice?
No. No JoltMaker ever gives a guarantee of success. TradeJolt treats you as a responsible
adult and sovereign individual, of sound judgement. If that is not you, please do not participate.
Trading is risky. You can and
will lose money on some trades. If a given JoltMaker gives poor advice, then we
encourage you to give them a low rating. In this way, the poor performers are weeded
out by real results and time and the best rise to the top.
.
How do I rate a Jolt Deal, Jolt Guidance or JoltMaker?
Ratings are a big part of making TradeJolt valuable. TradeJolt gives its own rankings, but
we invite you to be active in rankings. Each user may
only vote on a given deal, guidance or publisher once and only registreed users may vote.
- Ratings run form 1 (bad) 2 (mediocre) 3 (average) 4 (good) to 5 (superb)
- Jolt Deals: at the top of the specific Jolt Deal, you will see the rating section. Simply click once on your desired ranking.
- Jolt Guidance: at the top of the Jolt Guidance form, you'll see the rating area. After acting on the guidance and evaluating how you've done, give it a rating, please. This is how our service improves over time. Base your guidance not only on the actual outcome (win or lose) but also on the quality of the advice. As you well know, not every trade makes money. The question is, how well was risk and reward balanced out, and did the JoltMaker get you good advice on how to deal with subsequent events around the trade.
- JoltMaker: When you view a Jolt Deal or Jolt Guidance, you'll see a url link to the Jolt Maker. At the top you're given the ability to rank that JoltMaker.
Can I share the Jolt Deal I viewed with non-members?
Yes. In fact we encourage it. This not only grows our service, but
also improves users' confidence in the viability of a given deal. By
consulting with friends or family, they can get feedback from somebody
they already trust.
You may also share access to the Jolt Deal forums, where users discuss
the pros and cons of a given Deal.
Can I share the Jolt Guidance I paid for?
No. You may not republish and Jolt Guidance in any form, whether by email, print
social media post or website. Nor may you share the postings of the Jolt Guidance forums.
This is in violation of our policies. If we find out it's happened, you
will be permanently barred from the service, with no possibility of appeal.
How can I pay for a given Jolt Guidance?
- For guidance over $25, this can be paid for with a major credit card or debit card as well as Paypal. We are looking to add other payment processors soon, such as Venmo or Cashapp. We also accept transfers of USDC cryptocurency from any exchange.
- For guidance under $25, you must pay with a transfer of USDC from your preferred crypto exchange or crypto wallet. Click on the Menu under Setting up a Coinbase Account for information on how to set one up and easily make a payment.
Why do I need a crypto USDC wallet for smaller guidance payments?
At the present time, its simply too expensive to transact small amounts, like
1 USD through credit card or paypal. We'd have to slash the share of payments
to our TradeMakers to pay for those. We prefer not to. And we do not want
to hold customer balances. No JoltMaker or JoltTaker monies are ever held by
TradeJolt. Consquently, users do not need to be concerned about TradeJolt solvency.
Once users try setting up a Coinbase or other account to transact USDC, they'll never want to go back to normal bank accounts.
Non-US users in developing nations find this particulary attractive to protect against eroding national currencies, and earn good interest in a token linked to the US dollar.
Once users try setting up a Coinbase or other account to transact USDC, they'll never want to go back to normal bank accounts.
Non-US users in developing nations find this particulary attractive to protect against eroding national currencies, and earn good interest in a token linked to the US dollar.
Do I have to use Coinbase for USDC transfers?
If you have your own wallet holding USDC, or you custody your USDC crypto at
another exchange, that's fine with us. JoltMakers, on the other hand, must open
an account at Coinbase.
If I hold a balance in USDC, how risky is this?
We consider USDC holdings as very low risk, and they earn an interest that beats most bank money-market accunts.
Find out for yourself why we consider USDC safe by
going to the issuer of the USDC and reading about it at circle.com
TradeJolt recommends that its users maintain an amount in their USDC wallets equal to the amount
you want to purchase guidance for in a given month. with Coinbase its free and easy to transfer it
back and forth to your bank account.
Why do you use Coinbase for crypto payments?
- This was a no-brainer:
- Safety, ease of use and reputation. Coinbase is the leading regulated, cryptocurrrency exhange in the US, where most of our clients reside. It is also the easiest to use for novices.
- High Interest Payments: USDC funds held at Coinbase earn interest rates 2% to 5% higher than US banks
- Coinbase allows easy and free transfers from USD holdings into a cutomer's US based bank. Other countries may vary.
- Coinbase has among the lowest fees for inter-account transfers of USDC. We use these to pay our JoltMakers their portion of the guidance fee instantly.
How do I fund my Coinbase account?
Follow our guide to Coinbase to set up an ACH between your bank and Coinbase. See the link in our menu at top.
How do I sign up?
If you are not yet registered as a JoltMaker, sign up for free membership first
by clicking on the 'Register as A TradeJolt Member' to start the process. Once registered, use
the Menu found at the top to choose to 'Add JoltMaker' and begin the application process. Applications
are usually instantly processed.