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Most liked posts in thread: Best online stock trading software for non day traders

  1. 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.
     
    aus_trader and sptrawler like this.
  2. 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.
     
    sptrawler and Skate like this.
  3. CNHTractor

    CNHTractor

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    I've been using Stock Doctor for a number of years and have found it a valuable tool in filtering down the universe of tradeable stocks, from a fundamentally financially sound sense. I take their recommendations and use some momentum indicators, using Amibroker, to determine buy/sell signals.

    To "date" I have been able to outperform both the ASX300 TR indices as well as outperform the Stock Doctor returns.

    At the end of the day, success comes down to identifying a trading strategy and being able to stick to it.

    I have also found Nick Radge[https://www.thechartist.com.au/] and Colin Nicholson [https://www.bwts.com.au] resources to be of great value, especially starting out on my journey.
     
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  4. Miner

    Miner

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    I just went to the site of tradingview.com - very good. It also has a paid site with 30 days trial. Thanks for sharing
     
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  5. 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.
     
    statmech71 likes this.
  6. 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.
     
    sptrawler likes this.
  7. aus_trader

    aus_trader

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    If you are starting out it's hard to justify the cost of subscription services, on the other hand you want to get the help from such a service since it's scary being on your own right?

    Totally understand malsop, I've been there myself many years ago and have subscribed to so many services over the years one after another. Wasted a lot of money on those as well but I learnt a few things along the way such as how to analyse stocks myself, so not a total waste of money. These days I tend to do a lot of the research myself using free tools such as stock scans using broker provided filters, as some already suggested. It may not be fancy but it does the basic job of narrowing down the list of stocks that I research further.

    Good online charting software that is free that I use can be found at www.tradingview.com which is not limited to ASX stocks, so if you wanted to look up Oil price or Bitcoin price it's all available online with indicators etc in the full featured chart. I don't do anything fancy with the charts just use basic indicators like moving averages, but other ASF members can help you if you want to go down the path of becoming a chart expert.
     
    Miner likes this.
  8. aus_trader

    aus_trader

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    Welcome Miner. I find it quite good since it's all online. If I had only a dedicated trading computer then the charts will be only limited to that one. With tradingview, I can look at the stock charts anywhere as long as I have a device and internet access.
     
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  9. 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.
     
  10. 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.
     
  11. malsop

    malsop

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    Ok - I'll have a look at Incredible Charts as well. Thanks again.
     
  12. 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?
     
  13. 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:
     
  14. 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.
     
  15. 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?
     
  16. malsop

    malsop

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