Posterous theme by Cory Watilo

$$ How I use my Undertrader's Stock Advisor App....

This little post is just a little rundown of exactly how I use the Undertrader app.  Thanks to all of the people who have purchased the app so far, I hope you find it as interesting and easy as I have for the past few years.

First of all, the reason I created the app (and use an AIM type strategy) is because it takes most of the emotion out of trading.  It's going to give me good advice.  Could a stock continue to climb?  Sure.  But it could also crash.  Money in hand gives you opportunities, so I prefer to cash out little by little to be able to be flexible in my trading.  With that said.  What do I do?

I launch the app Friday nights after the market has closed and I click on Price Update.  This gets the latest prices and updates my advice for each of the stocks I own.  If I have any buy or sell advice I take them into consideration over the weekend.  Is this a good selling point?  Do I want to 'vealie' the sale (IE: Pretend I did it, but keep the shares invested like I do with Apple lately.)  Is the stock going to drop more, giving me a better opportunity to buy the dip?

On Sunday I decide what to do and I enter my trades, all LIMIT orders, good til cancelled.  Then I just let them sit.  They usually get triggered Monday morning and if they don't trigger, that's ok with me.

On Sunday evening when I'm doing this I take a look at my Watcher View.  I run the Price Update and I look at the top few stocks listed.  Are they stocks I'd like to buy?  Is there a reason for the dip?  Is the dip overly large for no good reason?  I'll hop into good opportunities with a limit order on Sunday night and see if I get the stock on Monday.

What I don't do is day trade with this app.  This app is intended for long-term trading.  You could look once a month or once a year if you wanted.  Take your time, take your profits and invest in name monopoly stocks and you will come out ahead in the long-term.

Invest in peace...