Best Choice Software www.bestchoice.com
- Thread starter ahollybair
- Start date
so far i've only used their demo...
Their software will give you dates for when to expect the trend to being and end ..
you could then use their swing trade graphs to choose a price ..
though i think you would be very foolish to enter a trade on a specific date without considering the current market trend and the current technichals of the chart ..
.. but given a date range, which for example has rallied 10% for the last 8 years (for example), i think that i may be able to find an appropriate entry/exit if i watch the chart a few days before the range begins ..
Their software will give you dates for when to expect the trend to being and end ..
you could then use their swing trade graphs to choose a price ..
though i think you would be very foolish to enter a trade on a specific date without considering the current market trend and the current technichals of the chart ..
.. but given a date range, which for example has rallied 10% for the last 8 years (for example), i think that i may be able to find an appropriate entry/exit if i watch the chart a few days before the range begins ..
btw -- the sort of trades that this software allows you to find is very similar to the "Trade Ideas" that e*trade has on their site ..
e*trade will highlight a recurring event (one per day), they give you the percentage of recurrence (ie: 7/8 times this has happened), the event begin/end date, and an expected price change.
for example, their current event is NCR
the event is the 50MA crossing over the 200MA,
the end of the event is june 26th and the expected end price is about of $27.32 ..
given this info, i think you'd be foolish to just buy without considering other information before entering the trade, in my opinion, the technichals.
.. the chart looks good, support at 20MA (and on a trendline), with STO crossing below 20..
how would you judge entering this trade? .. (would you enter it at all?)
e*trade will highlight a recurring event (one per day), they give you the percentage of recurrence (ie: 7/8 times this has happened), the event begin/end date, and an expected price change.
for example, their current event is NCR
the event is the 50MA crossing over the 200MA,
the end of the event is june 26th and the expected end price is about of $27.32 ..
given this info, i think you'd be foolish to just buy without considering other information before entering the trade, in my opinion, the technichals.
.. the chart looks good, support at 20MA (and on a trendline), with STO crossing below 20..
how would you judge entering this trade? .. (would you enter it at all?)
My understanding is that the free demo is not with live data but rather is very old data. How was this historical data period chosen? Is it possible this was a particularly positive period for Best Choice? Who knows - but a real trial lets you use something and then make up your mind. Not look at several years back data and try and project the results forward.
Just my take on the "free demo".
What did the Best Choice Software say about this trade? So far it looks like it's up about, what... 4%? I have Trade Ideas with ScottradeElite but have not seen or don't know how to use this aspect of the service. How are your other trades going with the BCS selections?
Richard have you come up with anything yet?
The data ends on 9/8/2004 and goes back 10yrs. They give you 7 stocks to look at. AII, COST, DIA, DUK, EBAY, MRX & NVR.
This company doesn't give ANYTHING away. The Demo is not a free trial, it's the program with old data that is supposed to help you learn your way around it, but I find it is not easy to do. They have called to ask me about the demo but I've not been around when they called and have not been in the mood to call them back yet. I'm sure there will be a hard sell so I need to be mentally prepared for that. The Trial they offer is 3 months use of the program for $900 + I think you need to sign up for a data service which is an additional amount, maybe $50 - $100 (I'm guessing on the data price).
I have been following a GOOG trade that I identified during the seminar which indicated to buy calls on or about 5/25 & close the position on or about 7/4. So far it's looking good. Next GOOG trade would be to buy puts on or about 7-19 and close the position on or about 8/2. It seems the key is to back this up with technicals and sector analysis to see if it fits with what the market is doing at the time of the trade. I'm not recommending these trades but might be something to follow to see if there's anything here.
the three month trial includes data for the $899 ..
.. i think you are hitting the nail on the head.. you need to take the output of this tool and then compare it to what you are seeing in real-time ..
what is the current trend? -- how do the technichals line up? ..
.. the way i'm going to use the tool is to help me find posible trades and then i can determine which ones are most likely ..
is that worth $5000? .. i dont know ..
my guess is that if i can make more money using their tool than without it.. then its worth something.
.. i think you are hitting the nail on the head.. you need to take the output of this tool and then compare it to what you are seeing in real-time ..
what is the current trend? -- how do the technichals line up? ..
.. the way i'm going to use the tool is to help me find posible trades and then i can determine which ones are most likely ..
is that worth $5000? .. i dont know ..
my guess is that if i can make more money using their tool than without it.. then its worth something.
This is from an experienced tader with some real cred here.
Very well put Lindq. thanks.
Perhaps Hoyt would like to invite opinions on his posting from say Don Bright, Marketsurfer, Maverick and others. That would be fun!
DG