Product Review: Stockspotter.com by Dennis Peterson
StockSpotter is a website that provides buy and sell recommendations for stocks. The ticker symbols for the stocks are posted at 5:00 pm Pacific time for the next trading day. Sometimes there might be three or four recommended symbols, while other times there might be as many as a dozen or more.
Whatís different and remarkable about the site is their openness about their performance. As you will see, equity curves and Monte Carlo simulations demonstrate how successful StockSpotter is in recommending trades. You can expect an average profit of 3.34% per trade using the highest-rated recommended trades. The maximum time of a position is 10 trading days. Alerts to exit a position may come earlier.
HOW DO THEY DO IT?
Itís not simple, but itís all coded up and therefore the same algorithms are applied every day. At the heart of this system, the code wants to find trend retracements and locate the point where price will start to move with the trend again.