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Showing content with the highest reputation on 01/17/2023 in all areas

  1. 1 point
    Thanks for your response. So the Lorintine Capital who were managing the SS before in 2021 (and offer Managed Accounts) were not qualified for performing in bull market and your new manager is more experienced in stock picking. In this case, let the bull market come.
  2. 1 point
    I am just a regular paying customer but been using SO for a few years. The answers are the best of my knowledge/opinion. 1a) SO does not have a proprietary stock/options screener. This is a tough question. Just to set aside any misunderstanding, you should forget about any stock/option screener giving you a methodical manner to create permanent nuggets for trading. Major financial institutions pay billions of dollars for such algos and theirs also dont work all of the time. There are services that help you identify opportunities based on certain criteria. SO recommends CML Trade, One, and you get discounts (at least for One) if you are a member. CML is really a screener, One is more of a manner to look how trades went historically - screening services closer to looking at individual stocks are volatilityhq and chartaffair and both are recommended by SO. There are many other services you already found Barchart which isnt bad at all and Marketchameleon is also interesting and there are specialised sites like Biotech investor sites. Reality is that you can spend a lot of money on various sites and its all money you'd need to make back trading. Pricing tends to be quite similar with 50-100 bucks a month being quite normal - if you have a 10K portfolio which many small time investors have its hard to make this work. So for me, for example, whilst I quite liked CML Trade I couldnt find a way to make it worthwhile enough whereas I found One and either of the chart sites are essential to find trades. Similarly Marketchameleon and the Biotech sites are attractive but you just dont use them quite enough to justify the expense despite their obvious added value in what they can do. I am not a novice here but I can say your attitude is the right one for SO. So is the type of service which will give you a fish but the point is to teach you to fish. In fact always following the official trades can be hard as the market moves fast but what you learn as to the why, how and so forth is what makes it worthwhile. That and the community which is a really cool one that helps, supports, suggests trades themselves and criticises (in a positive sense and rarely acerbic) what you yourself suggest. There are a variety of preferred trades in SO but they do change with the market 'weather' as it were. Having been here for years I think I master the calendars, spreads, the straddles and understand the hedged straddles but could improve on my understanding there. I also subscribe to anchor and volatility ones - the former I follow the latter I learned a lot from even if I dont trade it myself. These volatility instruments were a mystery to me before I joined SO and seeing how they are traded here has given me both a better understanding of the market as well as the occasional use of them to hedge my own positions. It has been very beneficial even if I couldnt necessarily say I made back 100% plus of my fees from official trades. I did make much more from understanding how to trade better, develop ideas and generally read along with people here. The chatting with others here has been invaluable too. SO also evolves new types of trade, they are not necessarily always 100% successful but I always learned from them - strategies need to be understood for every market condition and these conditions change. On this point I really like SO in that it doesnt mechanically stick to the 'same old same old' . As long as you understand that you are not here to get the golden tip to make back your 1.5-2.5K membership but to learn HOW to earn back that membership and more you are in good hands. The fact people pay is also a little bit of a barrier to the chancers and boasters that populate other sites that overstate results or hide poor returns. I can attest that the times I made a short cut to explaining outcomes of my strategies I was quickly called out - on the other hand the fact that some trades are losers means that the reports on here are real. Noone always makes money trading, in fact you need a very small edge over being 50% right to be better than 98% of the market.
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