A Review of the Best Stock Pattern Recognition Software of Today
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Stock pattern recognition software is an invaluable tool to take advantage of if you are new to the stock market or simply do not have sufficient time to devote towards the most time-consuming aspect of it, analytics.
While this technology enables investors all over the world to realize their financial independence just by making the corresponding trading moves which the program recommends, there are more programs on the market than ever which are vying for your attention and claiming to be the best of the best . After using this technology for myself for over five years, I've put together this review of what has been the best stock pattern recognition software on the market today.
Best Penny Alerts is different from its peers in that it is stock pattern recognition software which only targets and anticipates the behavior of penny stocks. Penny stocks are volatile fast-moving investments because it takes relatively little trading influence to send their prices soaring or plummeting in the short term.
While these are more volatile investments, there is a lot more money to be made in the short term if you can differentiate the good from the bad which Best Penny alerts makes it its sole purpose and task to do.
How the stock pattern recognition software differentiates from the good and the bad stocks is by a method known as behavioral comparison. The program does not limit its sights to current market data but instead builds huge volumes of past market behavior which it constantly analyzes and updates as time progresses.
The program looks for breakout performing stocks from the past and specifically the factors which led to those performances in order to apply that same information and identify those factors in the current real-time market 24 hours a day, seven days a week.
Once the stock pattern recognition software finds an overlap and identifies identifiably what it believes to be a high probability trading opportunity, it notifies you the investor so that you can invest accordingly armed with a projection of what to expect from that stock in terms of appreciation so you can set your stop loss accordingly.
These projections in my experience have been remarkably precise, typically within $ .02 - $. 03 give or take.
Take a recent pick which I received from Best Penny Alerts which was first valued at $ 19 per share early Monday morning. I placed an order for 1000 shares, so spending $ 190 on that particular investment. That stock saw a steady incremental gain every hour throughout the day, closing out at $ .31 a share.
The next morning, that stock jumped up $ 10. in the first hour as outside investors began to take notice of its substantial climb from the day before. Ultimately, that stock topped off at $ .55, just shy of its $ .58 projection and began reversing at which point I got out for nearly a 200% profit from that initial 19 cents.
This just goes to show you the kinds of appreciations which you can experience when you are able to differentiate between the good and the bad penny stocks which are out there.
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