FREE app tells you when you should Buy or Sell any stock

Discussion in 'Trade Journals & Stock Tips' started by cubsfan, Jul 9, 2014.

  1. owesem75

    owesem75 Well-Known Member

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    I will have a look at this app - but will not rely on this app surely. It is best to continue relying on real data coming from the company you are intending to buy shares of stocks from. Nothing beats the real data. Sometimes, these APPs may have some hidden codes you know? Being extra careful and checking reviews will not hurt.
     
  2. forehandflick

    forehandflick Member

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    Although this isn't exactly a brand new idea to stock trading, it's still a solid concept to come to mobile phones. I had a chance to play with the app on my personal smart phone and it's relatively straightforward and simplistic, but there's nothing special within the app itself that I can't just find in more detail on the Internet or in newspapers. If you're looking for a quick review and advice on major stocks, give this app a shot.
     
  3. gracer

    gracer Senior Investor

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    I think this is actually a good application especially when it comes to people like me who still don't know the ins and outs of stock market trading. Of course it still depends on the person using it if he/she will follow what's in the app. At least it will serve as a guide in trading on the stock market.
     
  4. hft-developer

    hft-developer New Member

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    If the buy/sell signals were good the devloper would be making money trading off of them instead of building apps. It is extremely easy to get funded to trade and scale up to 100's of millions if you have an algo that works. So always ask your self when anyone is selling you signals - if they really worked - then why aren't you trading them instead of selling them? Thats right - because they don't work - so you need to make money selling them to suckers...
     
  5. AtlantaSports

    AtlantaSports Senior Investor

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    I'll look into this app. I am not entirely sure if it is reliable, but hey, it is worth a try. It is a good idea, regardless of whether or not it is fully functional yet.
     
  6. AtlantaSports

    AtlantaSports Senior Investor

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    That is the position I am in as well. I do not want to lose money because of an app, but if it works, then this will be awesome.
     
  7. Delta Trading u

    Delta Trading u Member

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    My 2 cents: Reliance on a free app software marketed to retail investors, is akin to relying on "stock tips" from a news feed, subscription service, or other external source. I much prefer to rely on my own brain for proper idea generation. Now if this were an algorithm built inside a multi-billion $ hedgefund with proven track record of alpha generation at an acceptable level of volatility that's a different story, but they don't seem to be offering those algos to the public :) and certainly not for free. Now if you wanted to validate performance, just document the app's trading ideas and track how well they perform. But of course just being given a trade idea is only half the deal. How will you manage the risks inherent to the stock reco during the trade, does it hedge for you? Have you considered correlation risk with the rest of your portfolio? What are upcoming event risks that may affect this stock over the next 30 days? Does the volatility structure of the security align with your risk tolerance? If the trade goes against you by how much, what will you do? Where is the target profit and is the risk adjusted return sufficient given my current allocations? If you want to get this stuff right you don't rely on an app. You rely on your brain. If you want to learn how to generate a consistent and reliable flow of investing and trading ideas, manage risk and increase probability of profit, contact me directly. I don't manage client funds or advise.. I help people increase their financial independence (not decrease it by outsourcing important money management decisions).
     
  8. Onionman

    Onionman Senior Investor

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    It would be interesting to see what signals it throws up, though essentially it should only be just another input that people use. I think a lot of people think these apps tell the "truth" as opposed to simply interpreting some data points. It certainly doesn't mean that the interpretation is correct. Still, every little helps when you are looking for some kind of edge in the market.
     
  9. Fredrick Jones

    Fredrick Jones Well-Known Member

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    I would not trust a free app. It probably is harvesting your personal information from your ****** and doing god knows what other types of nasty. Is this app even put out by a reputable company ? Probably not a good idea to install things from random links you find on the internet.
     
  10. egrocket

    egrocket Member

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    Has anyone had some real time experience with this app? I would like to know how your experience was. The main thing I wonder is if you can set the amount of risk it takes. For example, if it is on low risk, it will you tell you to sell it a lot more than if it was on high risk.
     

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