What’s the Most Valuable Stock Charting Software and why?
Hi
I am looking for the best stock charting software for Day trading, I have used yahoo, stockcharts.com, bigcharts.com and etrade pro. There are others out there, can anyone reccommend one over others and why is it better than others, price, ease of use, capacity features?
Any relevant comments or advice appreciated.
For the price, you can’t beat Telechart. It has everything you’ll need in one place. Speed and efficiency is unsurpassed. You can sort thru 8000 stocks in seconds to find any criteria (and I mean ANY criteria) you can think of. If it’s not a function of TC, then you can easily write your own personal criteria formula.
Each function key on your keyboard can represent 12 different chart configurations, so you can look at these 12 different criteria in seconds. As soon as you hit the "F" key, the chart is displayed on your screen.
Did I mention that it has all the industry groups? If you looking at a stock and you want to know how the industry is doing, just switch over to the industry group with a click of the mouse.
All the indicies are also grouped together. You can also download that group of stocks that meet your criteria into a CSV file for importing to XL. I especially like this feature.
The support you get from the Wordens is unsurpassed also, and I couldn’t get by my day without reading the daily wisdom from Peter or Don.
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Well the other answer is just promoting a product so I guess I will be the first to answer the question.
Honestly the most bang for your buck is hiring a broker. Brokers trade for a living and it is their job to know which positions to buy/sell/hold. They cost barely more than etrade or ameritrade and come with a wealth of knowledge and better yet you don’t have to do any work! They do not have to use the morningstar and yahoo finances of the world because they have much better technology designed specifically for what they do.
If you do not have a lot of money and are scared that you will end up with a broker who does not value your account as much as you do then I am sure you know someone in the field that can help.
I know this does not answer your question, but people who day trade always baffled me. You cannot have a full time job and trade stocks. It is like saying a doctor can treat patients all day while he is making cabinets in the back room.