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Best online stock trading software for non day traders

Discussion in 'Beginner's Lounge' started by malsop, Sep 5, 2019.

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  1. malsop

    malsop

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    Hi All, I'm new to Aussie Stock Forums and look forward to joining into conversations. I would really appreciate thoughts from the Forum on a really good online stock trading software for non day traders. Seems there are lots of software focused on day traders but I'm really looking for software focused on medium to long term traders. I have previous used Vectorvest which is focused in that area but found it too expensive at around USD 55 per month. Any ideas would be greatly received.
     
    aus_trader likes this.
  2. Gringotts Bank

    Gringotts Bank

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    You want charts without paying a lot. Is that the idea? Maybe try Incrediblecharts free version.

    If you want portfolio management, exporting your list of trades to Excel would be a good option.
     
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  3. malsop

    malsop

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    Thanks, yeah that's the idea. But also timing the market around buying and selling in general. One really nice feature Vectorvest had was to search all stocks in a market based on a large range of user specific criteria and produce a list of matching stocks. I miss that but not at the cost I had to pay for it.
     
  4. Gringotts Bank

    Gringotts Bank

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    If you want the software to provide technical signals for you to action (without you having to do the work), usually that requires some sort of subscription service. If you want to set up basic technical scans (eg. moving average cross over), Incredible charts will do that job.
     
  5. malsop

    malsop

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    Ok - I'll have a look at Incredible Charts as well. Thanks again.
     
  6. tech/a

    tech/a No Ordinary Duck

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    $55 a month is less than A tank of gas a month?

    I find this a very small price to pay for something that does what you want.
    Surely if its that good you could cover that in a few days trading!

    That's 2% of a $2000 trade?
     
  7. sptrawler

    sptrawler

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    One of the members on here, Tinhat, has mentioned Lincoln Indicators Stock Doctor Services, it sounds like what you are after.
    But as with everything in life, if it is worth having, someone will find a way of charging for it and you usually get what you pay for.:rolleyes:
     
  8. malsop

    malsop

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    Yeah, fair point although with the Aussie dollar now at 67 cents its become more like AUD80 a month. None the less, good point.
     
  9. willoneau

    willoneau

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    Hi malsop, how much trading experience do you have?
    do you want to follow others signals or do you want to make your own decisions and take responsibility for those decisions?
     
  10. malsop

    malsop

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    Indeed!! Ill have a look at Lincoln Indicators - haven't seen that one before.
     
  11. malsop

    malsop

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    Hi, yeah I have reasonable experience , but I'm also a bit process driven so having search functions to select stocks that meet particular criteria (be it, Dividend payment history, EPS performance or other criteria) is helpful in that regard.
     
  12. willoneau

    willoneau

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    So fundamental driven ?
     
  13. willoneau

    willoneau

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    There are many different types of traders/investors here to help depending on your type of trading/investing. Be in fundamental value investing, discretionary or technical.
     
  14. malsop

    malsop

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    Yeah, probably. In talking about it its probably more about the stock selection. Once Ive got it then something like Incredible Charts is probably all I need to monitor it.
     
  15. willoneau

    willoneau

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    Don't most trading platforms have charting functions?
     
  16. malsop

    malsop

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    Yeah I think they do - Vectorvest certainly did.
     
  17. Joules MM1

    Joules MM1 ....everything has an art

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    a lot comes down to how much your stake/trade is versus the value of the service you buy

    https://www.thechartist.com.au/
    free trial from them
     
  18. tinhat

    tinhat Pocket Calculator Operator

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    I've been using Stock Doctor for years. I am following their recommendations much more recently than I used to and with good success. I signed up for the 30 day trial of VectorVest last week and I am really liking it. I think the two go together well; Stock Doctor for FA and VectorVest for TA (market timing, trend/momentum, trailing stop losses). VectorVest is about AU$1000 for an annual subscription and Stock Doctor is up around $1,500 from memory. I realise you don't want to pay that amount.
     
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  19. HelloU

    HelloU

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    Many broker sites (like the good old commsec and etrade and stuff) will allow you to do those sorts of "filter searches". You can get txt/email alerts for certain "met conditions" as well.
    Only saying this because that may already be free and available if your broker supports it.
     
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  20. malsop

    malsop

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    Thanks Tinhat. Good suggestions. Let me know what you think of that combo once you have been using it for a while. Yeah cost is an issue and where I started with this post, but as one wise person noted you have to look at the cost in proportion to the overall trading you are doing. I will have a close look at Stock Doctor.
     
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