Stocks & Commodities V. 32:2 (48-51): Product review: Phantom Trader by Donald W. Pendergast Jr.

Stocks & Commodities V. 32:2 (48-51): Product review: Phantom Trader by Donald W. Pendergast Jr.
Item# V32C02_718PRPH
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Product Description

Product review: Phantom Trader by Donald W. Pendergast Jr.

KNOWVERA, LLC

Phone: 203 617-4050

Email: Phantom@KnowVera.com

Website: www.phantomtrader.com

Product: Real-time charting, analysis, and commentary service

Minimum system requirements: Windows XP SP3, Windows 7 or 8, or Microsoft .NET 4.0 Framework.

Price: Phantom Trader Premium, $500/month; Phantom Trader Basic, $149/month.

In the fast-paced world of daytrading, prospective participants are faced with a myriad of choices as to what sort of methodology, trading system, or advisory service to rely on as they seek to extract intraday profits in the stock, forex, and commodities markets. Some of the primary tools used are:

* Live chat rooms

* Mechanical trading systems

* Discretionary trading systems

* Charting package of technical indicators

* Combinations of all of the above resources and tools.

Phantom Trader, a service from KnowVera, is one of the few complete trade signal/ live advisory packages for intraday traders, one that offers a streamlined, highly focused set of custom-designed technical studies and market trend algorithms. The potential value of the service is greatly increased by the addition of a real-time, live, professional traderís commentary (in audio and text formats) from 9 am ET until the regular market session closes at 4 pm ET, MondayĖFriday. Phantom Trader is a well-integrated combination of the abovementioned trading approaches and was designed from the ground up by a highly successful market professional known as the Phantom Trader.

The right side

I spoke with the real-life Phantom Trader Steve Kalayjian by phone in November 2013. He informed me that the algorithms used in Phantom Trader (PT) were developed over the span of six and a half years and that the intended goal of the software, which is to identify the right side of the market for traders most of the time, has been achieved with Phantom Trader (PT). Kalayjian attributes a traderís success to the following three factors:




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