Stock Markets Exposed
Is (stock signal pro) Trading software any good.?
Iam looking for a progam that has signals as well as many charts and other tools to evaluate timing the trade.Ive heard that stock signal pro is limited on charting as well as other tools. Is this true? Can any one recomend a good software to use and tell me why. Thankyou very much
Public Comments
- I don't think any of these systems work, If you are interested in Technical analysis, take a course at night school and graph your own companies and sectors and interpret your own work.
- The software offered is usually very expensive and not needed if you educate yourself. I started "watching" these stocks around 6 months ago. They for the most part have done well (up an inclusive total of $20 at 1 share each purchased) (calculate 20 X a $100K investment spread evenly invested) including a couple of losers. I wish I had actually invested in those stocks! I suggest that you pick up a copy of Investors Business Daily and study the mentioned first three column ratings (above 90) and the abc categories also. Write down the stocks that look the best to you and that may be a few dollars down from their 52 week high. You may only find a few and that is OK as these are out of favor and could be good candidates to buy. http://finance.yahoo.com/ is a good place to research fundamentals, Williams%R, insider trading and institutional activity - All are areas I look at. Companies that have no debt, are loaded in cash and are beaten down are good candidates. They are hard to find though as the analysts are usually ahead of common folks like us. FYI - I bought CROCS (outside of my criteria) after their IPO at $28 and it promptly went down to $22, I then sold it at a loss for $26 because I panicked as they did not have a good balance sheet. The price recently was over $65 so without good fundamentals, I was unwilling to hang in there and that is the diminished risk psychology of not using the system. If the stock had an actual value per share of say $30, the $22 price never would have bothered me and I would have been comfortable in holding long. So, know your psychology of thinking as to your tolerance level of risk. It is best to never buy on emotion (I did) and hold to fundamentals so your facts support the price and target (sell) price. I did perform at 28% for the past two years when (for the most part) I used my disciplined system. One other thing to look at is options that are one to three months out. If the options prices are well above current prices, it could be a good candidate for purchase. Do a GOOGLE search on fundamental, and technical analysis and look for educating articles. You should not have to sign up for anything to do the research. Visit my website at www.wmeu.org for contact my information if you would like to talk or email any time. AA 134.87+0.2827.46+7.4134.87 CREE 117.23+0.1821.30-4.0717.23 DATA 15.44+0.054.58+0.865.44 MU 111.18-0.3314.41-3.2311.18 NTDOY 137.55+0.8028.05+9.5037.55 SNE 153.25+1.1340.27+12.9853.25 TTEK 118.72+0.0117.60+1.1218.72
- The stock trading software is very good for the people that sell it. The cost of the software is only part of the total cost. All that I know of have to have live data feeds and that can cost over $100.00 per month. I prefer a good charting service and currently use TC Net. The cost is $29.95 per month for the basic service and all types of scans can be set up.
