Help Bankruptcy Blog

Every market investor at one time or another tries to find what brand of stock software is the right one for you. It’s one of the most important choices a trader will make because of a few things. You can pick from a whole host of options, from Telechart to decisionbar. A lot of them are good, but even more aren’t worth even thinking about as they will hurt you more than they’ll help you. Every type of stock software charges a fee, but only some of them “cost” you money. Choosing a type of stock software that works for you is often a deciding factor between success and failure in the stock market.

Anyway I’m really here to talk about one stock program in particular, decision bar. My favorite method of trading is unquestionably DecisionBar, and I use it all the time. Decision Bar was created by a real trader Les Schwartz who many of the the so called guru’s call on for help. Les has developed what I believe is the most sophisticated (and easy to use) trading software ever made available to the public. Even if you are a beginner, it will take you only a couple of hours to master it.

You can learn the system in minutes, and the methodology is a snap. You can actually be up and trading the same day you receive his package. Les offers a 30 day FREE trial. The only thing you can’t get back is the postage. Decision Bar Trader works for stocks, futures, and the Forex markets. Just like I said earlier, Decisionbar can be used for any unit of time, or even for options investors.

If you want to trade intraday then you need a data feed after the trial period. I highly recommend that you use a live data feed even if you are not a day trader. Several live sources are given that also have a free trial to go along with the system. Decision Bar does require some thinking on your part. This is not a black box. The great thing about the platform is that it takes out the guessing once you pick up how the system works.

If you are a stock trader, for sure, one of the greatest dilemma that you can ever experience is putting investments on the wrong places. Stock trading is one of the most lucrative careers that you can find today. It could make you become a millionaire overnight but if you’re not too careful, or even if you are very careful with your decision, it can also make you a panhandler the following day. There are many risks that you need to consider if you’re into stock trading and that’s the natural path of this financial game- “ya win some, ya lose some”. But today, there is a way where you can also gain a win situation for you and it’s through this new “stock trading robot” called Marl, popularly known as Doubling Stocks. Doubling Stocks can sort of “foresee” the following scenario for the following day so you won’t be putting investments on the wrong places but can Doubling Stocks work for stock traders? Read these Doubling Stocks reviews to get a better view and see if this can help you with your stock trading “mis-forecast”.

Our online stock trading and online options trading group met this morning. Mr. Callahan was a speaker today. Actually, he has been coming around on a regular basis. We in the group are starting to see that history may be about to repeat itself, as Mr. Callahan relates how the markets have behaved in the last 70 years.

Mr. Harry Callahan was a young man, 20 years old, when the Panic of 1929 occurred. This was the so-called “Black Tuesday”, the famous — or infamous– day when the stock market dived and ushered in the very hard times that became known as The Great Depression. There was no online stock trading or online options brokers then, of course. He is now 101, and is still trading online. He brought his Apple notebook with today.

Callahan was a young trader at the time. He was also a stock broker. He made his first fortune when the market crashed. In 1929, it happened really over the period of about a week, with the first downturn on the previous Thursday, then on the following Monday and then a complete rout on Black Tuesday.

He related that many people at the time thought that the markets would continue to go nowhere but up and that the good times would last forever. People were fascinated with the new tech-nologies of the time — radio and the telephone– and were buying any stock in any company that claimed it made radios or telephones. There were many manufacturers at the time. Much of the stock bought at that time was on margin, so people bought huge shares with as little as 10 percent down. This worked okay as long as the stock kept rising. It was a classic bubble.

Another area of speculation sounds more familiar to us now, and that is in the area of real estate. The railroads made transportation into the major cities easier, and soon land developers were creating whole subdi-visions from former farm land. Some of these subdivisions never existed anywhere but on paper, but those who had made a “fortune” on the upward movement of the stock market took that money and made a deposit on the land.

Of course, when the buyers ran out for stocks and the markets started to tumble, brokers called their customers who had purchased on margin and asked them to make the purchase whole.

It was just a downward spiral.
The thing is, most didn’t realize how badly the consumer was stretched. Just like today.

The markets turned very bearish and stayed that way until after World War II. At the time, though, investors were being advised to just hang on until better times.

Once again, things are unpredictable. The stock market has headed into negative territory right now, making me and my fellow online trading and options trading friends a bit more nervous. Heck, even the seasoned online stock brokers are uneasy!

Yesterday, things looked a little more upbeat in the online stock trading world, but you knew at close of market yesterday that some profits were going to be taken today.

I took some.

I went in on a few things. One was telecom stocks. I purchased Sprint last Friday, when it was tanked, and made a calculated bet that its rate would go up. I was right. Yesterday, Sprint, along with other tele-coms rose quite a bit — relatively speaking, that is.

I sold yesterday afternoon. Yet, I might buy some calls, because telecom stocks are somewhat underrated. Most are old technology, but are still the backbone of a lot of communications, so I’m not getting out completely.

The earning reports this morning have not been good. Of the Dows 30 components, 24 have been lower already.
Citi is going lower. Goldman advised to sell. Even energy is heading down. And we are coming into the winter season. Things should look rosy here, because demand will not go away. So, even if it is a mild winter in most areas of the country, there still should be a great upside on energy.

The construction slowdown is showing with Caterpillar being down. This could be one worth watching. I may buy some calls on this one. Cat has global distribution and will be bouncing back.

Of the financial companies, American Express was up and 3M is up. So there are some bright spots. Decliners have been many.

A few regional banks volunteered that they were in trouble. KeyCorp, National City and FifthThird all said they lost money on bad loans. In each of their cases, I’m not sure who is left to buy them out but Uncle Sam.

Commodities have taken a beating. Gold has gone down. It’s a difficult market to try to work.

There are very few sectors that aren’t being affected by the ups
and the downs of the market. Still the volatility in-dex is down from the seventies to the fifties, which is still high but at least going the right direction.

There are a number of bullish indicators out there, but I’m not convinced that we reached the bottom or even tested the lows.

Tomorrow is another day, and I think we might be in for another ride downhill.

Online trading has made my life simpler, but has also kept me up at night because I am glued to the screen, searching out events in world markets as they unfold.

Tara, my wife, has told me that I haven’t slept so little since September 11. That’s correct. Perhaps leaving the work to an online broker is not such a bad idea.

I’m trying to do a couple of things with online stock trading and options trading. One is to protect our holdings. The other, is to make some money. There will be few times in a lifetime when there is such a buying opportunity.

It’s true, though, what they say about not knowing if the markets have hit bottom. I believe the markets have further to fall. But picking the bottom is not an easy task. The blood is seeping out of the cracks, but it’s not yet running in the streets.

Alarm has reached the retail level. That happened last Friday.

This Friday is triple witching, and it could be a blood bath.

Still, it’s hard to cover my own positions the way I want to, due to the cost of hedging. Still, to not head will cost me much more in the long run. In fact, it will cost me the long run. This could be an extended bear market not seen since the 1930’s.

So, most of my nights have been spent glued to this computer. Even at work I’m regularly checking the markets.

I’m thinking not much will move to the upside until after the presidential election. Even then, there is that phase of uncertainty that occurs between election and taking office.

This could be a battered market for some time to come, with nobody really piloting the ship for a long time.

For the longest time, a market meltdown has been predicted. Often, the predictors have been off by decades or so. I remember in the late 1980’s, there were all kinds of warnings about stock market crashes, and none ever happened. The only thing the warnings did for me is convince me to purchase some gold coins. I loaded up on gold coins, St. Gauden’s and others, when it was hard to give them away.

I kept them, because I liked the beauty of the coins, not so much that I ever thought that they would come back in value or actually have to serve as the last resort of worth. I pretty much thought that markets were basically under control and a massive meltdown would never happen again.

I was wrong, obviously, but at least I was not totally unprepared.