$$ 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...