Nov 27, 2008

Enjoy your meat!

On behalf of the entire staff (me) I'd like wish the thousands upon thousands of loyal readers (10) a very Happy Thanksgiving. Of course, if you're not American... just enjoy your day.


TraderAm said...

I'm sure you have more than 10 readers :-).

Regarding your Topgun query on my blog. Yes that was the trial I was trying out. My initial comments:

1. I do like them, because of the ease which you can select the "best" stocks to view on charts and there is no fiddling around typing stock tickers in on each chart.

2. Nice scanning functions which are easy to set up.

3. They have some of their own indicators (such as buy/sell pressure) which is meant to give you a heads up on market direction. But one week is not enough to really determine how much impact this can have on your trading.

4. They also have good volume analysis. One example is the volume of higher traders (e.g. what are the 2000 share traders doing).

5. Sector comparisons on one chart are a good idea they also have.

6. The latest release also has VB built in to allow you to program your own indicators.

Now for the drawbacks :-)

1. Price is a bit high. If you want the full version then it's $150 a month. I am thinking about just the charts and scanner package which is $60 a month.
(Both the above can be reduced if you pay per quarter or annually).

2. The only datafeed that they currently accept is Esignal. So you have to pay for that separately. The charge varies depending on number of symbols. For 500 symbols then its $120 I think.

I am thinking about trying it for real using basic package and 200 symbols from Esignal. That would cost me $150 per month max. And less if I subscribed quarterly / annually. Still a bit on the expensive side though.

Best thing to do is to try it out on free trial, I would be interested in what you make of it as well. Unfortunately you still need to have an Esignal feed. Which is ok if you already have it, otherwise it is not a "free" trial.

Just for info: two other things I am looking into:
1. Prorealtime : Have charts, screeners, and programming your own indicators all in one package. ($100 a month).

2. TradeStation : as a backup broker. Have charts, screeners, and programming your own indicators all in one package as well. This is all free as well > as long as you tarde enough share volume per month.

Let me know if you have any comments on the above as you may have tried them out before.(or any other readers for that matter)

Just thought that maybe I should have posted this on my blog. However I can't be bothered to change it now and I have only 8 readers

Attitude Trader said...

That's because Dinosaur Trader sucks up all the readership in this little trading universe!

Happy Thanksgiving!


OONR7 said...

traderam: thanks so much for the detailed answer. That's a pretty pricey scanner though. Not that price really has anything to do with it so long as it generates solid candidates. You've given me a lot to think about. I still have hope I can get back on track with what I have right now.

AT: Great... now 5 of my 10 viewers who didn't know about DT will go there and never return. Happy freaking Thanksgiving to you too :)

Attitude Trader said...

Dammit! See the effect he has? I didn't even know I was doing it. Must be subliminal.