Stock selection programs have exploded in popularity and use in the past few years since they became available to the public of casual traders. If you’re curious about this technology or are simply not currently making the money that you want, I’ve accounted for the top 3 reasons of why well more than a third of all traders are currently using stock selection programs to trade more reliably without giving up their time or wallet.
Emotionless Trading – Easily the greatest killer of many once profitable trades is the influence of emotions. This affects even the most professional and avid traders of the day whether they even realize it or not. Relying on stock selection programs, all emotions and other related human errors are filtered out of your trading and instead every single move which you make in the market is the product of algorithmically crunched market behavior, accounting for much of this technology’s impressive success rate.
24 Hour Monitoring – Stock selection programs work by looking at breakout stock performances of the past and specifically the factors which led to those performances, then applying that information to look for similarities in contemporary stock behavior. It does this tirelessly 24 hours a day looking for even the faintest overlaps to further investigate which doing on your own can be like a full time job and a half, not to mention it removes the learning curve altogether so that all you’ve got to be able to do is enact a trade.
Cost Effective – Many investors turn to using stock selection programs because it’s much more cost effective to hiring a broker to do the same service for you. No fees or commissions are taken as with a broker and you can get a program for a one time fee, often testing it out and receiving a handful of picks risk free before you purchase.
