My Stock Assault 2.0 Journey

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A Journal of my Experience with
Stock Assault 2.0

On December 21, 2008 I decided it was time to start trading in the stock markets again. After the bloodbath we saw in the second half of 2008 the markets seem to have stabilized and are now positioned to take off in 2009.

Once I made the decision to start trading again, I wanted to find a program that would help me find winning trades. I have used many trading programs and services in the past but found them woefully inadequate. I fact, in my book "Serious Money Investing", I am very critical of these services and programs and refer to them as "Dream Merchants" and equate them to Snake Oil Merchants.

I researched all the new investing/trading programs available and came across Stock Assault 2.0 .

Now, the problem I discovered is that there is little information about people's successes (or failures) using Stock Assault 2.0 . Yes, the Stock Assault 2.0 site has testimonials from satisfied customers and yes, there are 1000's of "advocates" that claim that Stock Assault 2.0 works, but it is clear from reading their material that they really have not tried it and they are just repeating information found on the Stock Assault 2.0 web site.

Well I hope to change all that. I decided that I would buy and use the Stock Assault 2.0 program and I would create daily journal of my experience. You will have a front row seat to experience my Stock Assault 2.0 journey - for better or worse.

Think of this as a Squidoo Reality Show for Online Trading and Online Investing!

NOTE: This lens and all the other My Stock Assault 2.0 Journeys should not be regarded as investing advice or solicitation to buy, sell or otherwise trade positions and is used for educational purposes only.

Stock Assault 2.0 Journal for January 2009 

Day One ~ Dec 24, 2008
Ordered Stock Assault 2.0 installed it and began running it. The instructions state that Stock Assault 2.0 is based on Artificial Intelligence so it has to "learn" before it selects a stock trade opportunity. That learning process can take up to two weeks. I don't mind the 2-week wait since it is the Year-End holidays and I figure I will not start trading until after January 5 (1st Monday after New Years).

Day Five ~ Dec 29, 2008
I have been running Stock Assault 2.0 everyday for several hours - still, Stock Assault 2.0 has not identified any stock trade opportunity. It still has not been 2-weeks, so I am not expecting any for another 5 to 7 days.

I received an email from the folks at Stock Assault 2.0 saying:

"We just wanted to check in and make sure everything was going alright. If you had any problems downloading or installing Stock Assault 2.0 please let us know and we will solve any issues for you immediately."


So far I am very impressed with the customer service and follow up.

Day Seven ~ Dec 31, 2008 [New Years Eve]
Still running Stock Assault 2.0 everyday for several hours even if the markets are closed.

Sent an email to the Stock Assault 2.0 customer service team asking them if deleting cookies on my computer would affect the results delivered by Stock Assault 2.0.

Day Eight ~ Jan 1, 2009 [New Years Day]
Stock Assault 2.0 customer service team responded to my inquiry about cookies and told me cookies have no effect on results.

NOW!! the surprising thing was that they responded within 24 hours and during the New Years holiday! So far the Stock Assault 2.0 customer service team has by far exceeded my expectations.

I am hoping that Stock Assault 2.0 will generate trades before next Monday [Jan 5. 2009] so I can dive in the Market and possibly earn some money to start the new year on the right foot.

Day Nine ~ Jan 2, 2009
Stock Assault 2.0 registered a BUY trade for DOW (Dow Chemicals) so I entered the position. This is the first trade recommendation and was provided just 9 days after installing and running the program.
The details from the trade listed below:

Symbol = DOW
Action = BUY
Price = $15.18
Profit/Loss = N/A this is a buy trade, profit or loss will be reflected when I sell.


Jan 5, 2009
Stock Assault 2.0 did not identify a "buy" trade for today and did not generate a sell for DOW. I will continue to hold DOW until I get a clear sell signal.

Jan 7, 2009
I received 3 buy recommendations for today (Stock Assault 2.0 delivers trade recommendations the night before, or before the market opens, so you can plan ahead). I did not receive a sell notice for DOW so I will continue to hold that position.

NOTE: I am using $3000 to trade with the Stock Assault 2.0 system. All $3000 is currently invested in DOW so I will not buy additional positions until I sell DOW. My plan is to use profits from trades I make to "compound" the amount I have invested. I will devote no less than $3000 for each individual stock I select. Once I have amassed $6000, I will begin investing in two stocks ~ and so on.

Jan 9, 2009
I had no activity on my portfolio today but I wanted to post an update since this marks exactly One Week since I started this Journal of my Experience with Stock Assault 2.0 .

I did receive 5 "buy" recommendations from Stock Assault 2.0, however I did not take action on any of them because I still hold DOW.

I have not yet received a notice from Stock Assault 2.0 to sell DOW so I continue to hold that position. At the close of the markets today, one week later, DOW stands at $15.81 - that is a profit of +4.1%in one week. Putting that in perspective, consider the broad markets, as measured by the S&P 500 dropped by -1.42% in that same time period.

I am getting a little antsy and looking forward to selling DOW so I can take my profits and fold them back into my portfolio and use that to buy my next stock, as recommended by Stock Assault 2.0. It is by taking these profits on trades you make and folding them into your investing capital that makes your assets grow at explosive rates.

Remember I started last Friday with $3000. Now if I sell on Monday with say a 4% profit. That will give me $3120 to invest on my next stock. Do this every few days, or even weeks and you can see how a $3000 investment can quickly grow into a nice, large sum of money.

Thank you for listening and have a great weekend

Jan 11, 2009
Finally received a sell signal from Stock Assault 2.0 for DOW. I placed a market order "sell trade", which means I will get the open price (or close to the open price) tomorrow when the markets open. As soon as I have a trade confirmation I will post my results. I will also post the next stock I will be trading based on a recommendation from Stock Assault 2.0 . Stay tuned....

Jan 12, 2009
Like I posted last night, I sold DOW at the open this morning (while I was sleeping).
Details of the transaction appear below:

Symbol = DOW
Action = SELL
Price = $15.89
Profit/Loss = 4.7% in 6 business days, based on my $3000 investment, that is $127 - after commissions.

I now have $3127 to invest.

Stock Assault 2.0 generated 5 more BUY recommendations so I have to select one of these (can't afford to buy all five:-(. Because I am "testing" how well Stock Assault 2.0 works, I decided to select one of the recommended stocks at random. I did not want to use my own technical/fundamental analysis to select a stock so I put the five recommendations in a hat (actually, a paper bag) and selected one at random.

Details of my selection appear below:

Symbol = RMBS
Action = BUY
Price = $11.20
Profit/Loss = N/A this is a buy trade, profit or loss will be reflected when I sell.

Please note; this is probably not a selection I would have made. Considering RMBS recently imploded - dropped by 38% in the past two days! But this is an assessment of Stock Assault 2.0 and not my own personal trading skills.

Jan 13, 2009
RMBS is down significantly today @ 1:30 p.m. but no sell signal from Stock Assault 2.0. Normally, I would have put a Stop Loss Order at $10.51 (the prior low). However, like I mentioned above, this this is an assessment of Stock Assault 2.0 and not my own personal trading skills. According to the Stock Assault folks, the biggest loss recorded was 4.90%. I will continue to hold RMBS until a Sell recommendation is generated by Stock Assault 2.0. This is exciting stuff and one of the reasons why I do short-term trading, stay tuned for updates on RMBS...

Jan 15, 2009
No buy or sell recommendations from Stock Assault 2.0 today.
I continue to hold RMBS because a sell sign has not been generated. I have held this position since Monday (Jan 12). Looking at the chart pattern and a few technical indicators (primarily momentum and volume) looks like RMBS is poised to turn around in the next few days. I will continue to hold until I get a clear sell recommendation from Stock Assault 2.0.

Jan 19, 2009
Today the markets are closed (Happy Martin Luther King day to you all) however Stock Assault 2.0 generated 3 new "buy" recommendations for tomorrow and a total of 33 "sell" recommendations on positions that were open in the past. These were held from 1 day to as long as 8 days. Out of the 33 only 2 lost money and 31 had positive results. The one that lost the most was PFE which lost 1.5% the biggest gain was EQR which went up by 12.5% in 4 days.

Now, obviously the markets are not open today so the prices referenced are as of the markets close on Friday Jan 16. I will not post all 33 sell recommendations submitted by Stock Assault 2.0 because it would take too much space. However, if you email me I will send it to you as a Word document.

As of yet, Stock Assault 2.0 has not generated a sell recommendation for RMBS - the stock I am holding.

IMPORTANT UPDATE



Squidoo will not allow more text to be added to this page (Lense) - Maxed out the space requirements so I created another page - My Stock Assault 2.0 Journey Part 2 - that continues the Journey. For all of you that are leaving comments, thank you for your input and thoughtful feedback/comments please continue to provide your insight but please add your comments to My Stock Assault 2.0 Journey Part 2.

Access My Stock Assault 2.0 Journey Part 2 here

Stock Assault 2.0 - Let the Journey Begin 

Like I mentioned in the introduction, I plan on using this lens to provide an ongoing journal of my experiences with Stock Assault 2.0 I will list the positive and negative experiences I have. This will include any trades I make ~ including the buy/sell price and date so you will be able to judge if indeed Stock Assault 2.0 works as well as their site claims.

Thank you for listening
Christopher Cerda (DrQuien)
Author "Serious Money Investing"
ProcessInvesting.com

Other Stock Assault 2.0 Journey Lenses 

featured lens My Stock Assault 2.0 Journey........... Part 2

This page is a continuation from My Stock Assault 2.0 Journey Part 1. The pervious post used up all the space allotted by Squidoo so a new page is necessary. If you arrived here and are not familiar with My Stock Assault 2.0 Journey and want to read...

featured lens My Stock Assault 2.0 Journey........... Part 3

This is the third page (lens) devoted to tracking the performance of Stock Assault 2.0 for the "average" recreational investor (non-professional trader). As with the last two pages: My Stock Assault 2.0 Journey Part 1 and My Stock Assault 2.0 Jou...

Thank you for your comments, questions and feedback 

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  • Reply
    Ben Ben Jul 18, 2009 @ 7:48 pm | in reply to Jerry
    To Jerry or anyone else who has experience or knowledge with the diamond edition of Stock Assault,

    I would like to know what upgrade if any i should perform on my current stock assault software. So here is a couple of questions which if answered could help me reach that goal. For one do you recommend getting the diamond edition of SA? Also, does the diamond edition SA come with premium data feed for free? Finally, Could you do little to no analysis on the picks it gives you and get similar results (a little worse) then if you were to do a full analysis using the standard SA? I'm only asking this because on the SA it said with the diamond edition they will manually do research and i was wondering if there research would let me do less research.

    Thanks so much.
  • Reply
    DrQuien DrQuien Jul 18, 2009 @ 6:19 pm | in reply to Ben
    I originally used the premium data feed, however I stopped using it after about 2 months and to be honest with you, I have not noticed a measurable difference.

    Thank you for your question and interest and good trading to you
    DrQuien
  • Reply
    Ben Ben Jul 18, 2009 @ 6:03 pm | in reply to DrQuien
    Do you recommend upgrading to the premium data feed? I only check my stock picks about once a day so i thought it wouldn't make a big difference because the standard feed is only off by 20 minutes right? Thanks.
  • Reply
    Ben Ben Jul 18, 2009 @ 5:22 pm | in reply to Chad_T
    If you write SA and ask them for the special offer on the premium data feed you can get it for $8 a month.
  • Reply
    DrQuien DrQuien Jun 25, 2009 @ 6:30 pm | in reply to Lejeune Bauvil
    Hello Lejeune and thank you for your questions and feedback.

    1) Stock Assault 2.0 does not deal with "penny stocks." On occasion there will be recommendations that are low dollar value ($5.00 rage).
    2) You get the daily list directly on your computer. It includes buy recommendations for the following day as well as sell recommendations prom previous positions.
    3) It does not analyze your own stocks Stock Assault 2.0 is basically a stock prospecting service that provides daily buy and sell recommendations.
    4) $3000 to $3120 (4% growth) is the return for 1 trade. Some are better, some nos so good. I must say if you are good enough to time the Bears (FAZ or DXD) or Bulls (FAS or DIA) so that you consistently get 50% returns, then I strongly recommend you stay with whatever system or process you you are using. There is NO system that I have used or seen (even my own Triquetra Trading Technique) that will let you double your money every month.
  • Reply
    Lejeune Bauvil Lejeune Bauvil Jun 25, 2009 @ 10:45 am
    It is a great post that seems to be neutral.I was looking for some ideas before I buy SA but I come to have two questions:
    1)Does the software recommend you to buy penny stocks also because the money is in hte number of shares that you buy?
    2) Where does it send the signal? To your cell? e-mail? on their own system?
    3)If I have my own particular stock, does it give recommendation when to buy or sell a symbol that you enter?
    4) Talking about turning $3000 into $3120 is very funny because with my 10k, I can easily play Fas and faz game and turn 10K into 20k in a month.
  • Reply
    DrQuien DrQuien May 8, 2009 @ 5:27 pm | in reply to Bill
    Hello Bill and thank you for your feedback.

    Stock Assault 2.0 is what I call a stock prospecting service. A prospecting service combs the markets and provides a handful of stocks that "may" do well. These services are not designed for investors and traders to act on every stock.

    Due diligence and research is still required. That's why I created (and offer for FREE) this Adobe E-Book called "Technical Confirmation Tactics: A Stock Assault 2.0 Companion" to help weed out the bad choices and end up with the 1 or 2 stock that will do well.

    If you Google "Technical Confirmation Tactics: A Stock Assault 2.0 Companion" (with the quotes in place) you will find where you can download this free resource.

    Thanks again for your comments and feedback Bill.
  • Reply
    Bill Bill May 8, 2009 @ 2:13 pm
    My advice to you is RUN. Do not do this program. Stock Assault spits out random companys to invest in. In an up market, most stuff goes up anyway.. You can pick them better than Stock Assault. I bought a company called DUG on a Stock Assault recomendation and it tanked from 23 (recomended price to buy to 17) Stock Assault still not not give me a sell signal. If I hold on to this stock, it will drop further. DUG works the opposite of the DOW oil and gas index. What idiot would recommend a stock going against the DOW in the current market? Just dumb. I've lost over $9,000 holding on to that stock and I finally cut my losses without the sell signal. I would have never invested in it myself. SA is a scam and stay away from it.
  • Reply
    DrQuien DrQuien Apr 30, 2009 @ 11:25 am
    Hello Simon,
    Most of the stock selection and stock picking services are geared at stocks listed on the United States exchanges, as opposed to the FTSE exchange. Having said that, I know it is possible to trade US listed stocks in other countries.

    I can tell you that traders from Canada, Singapore, Denmark, Australia and Mexico have bought and are using my "Triquetra Trading Technique" guide. So it is possible to do trading across countries, providing your broker has that feature.

    Thank you for your question Simon and check my instructional Blog at:
    http://triquetra-trading.blogspot.com/

    DrQuien
  • Reply
    Simon Simon Apr 30, 2009 @ 7:04 am
    Hi DrQuien

    Im in UK and thinking of doing this, what advice would you give me??
  • Reply
    jerry jerry Jan 23, 2009 @ 6:16 pm | in reply to DrQuien
    Chad I'm using the free interactive charts on www.bigcharts.com These are sufficient for me to do my filtering. DrQuien is correct I'm looking for oversold stocks where the stochastic is below the 20 line. The settings can't be changed but I'm not concerned with that as 15,3,3 or 14,3,3 or whatever doesn't make a whole lot of difference. I use technicals but I think the Dr would agree that they have limited value. Remember they are based on what has happened, not necessarily what will happen. So I also go to Yahoo Finance for news and analysis before making a decision. That's just me though. Different strokes is a good thing in trading. Best of luck
    Jerry
  • Reply
    DrQuien DrQuien Jan 23, 2009 @ 4:32 pm | in reply to Chad_T
    Not a problem Chad.
    We are all in this together so the more experience we share the better.
    Usually Stochastics (slow) is set at 5, 3 for %K and a 3%D. These are the defaults generally used. With these settings, below 20% is oversold and above 80% is overbought. The key with Stochastics is when the %K crosses above the %D = Bullish and vice versa (%D crosses below %K = Bearish). Anyhow...that's how I use the STO.
  • Reply
    Chad_T Chad_T Jan 23, 2009 @ 2:32 pm | in reply to Jerry
    Jerry,

    One more question. What website are you using the stochastic chart on?

    Thanks
  • Reply
    Chad_T Chad_T Jan 23, 2009 @ 2:16 pm | in reply to Jerry
    Jerry, can you elaborate on how you used the stochastic chart to filter through the stocks. What percentage level did you set for the slow and fast stochastic? I've only had minor dealings with using the stochastic charts and would like to find out more.

    Thanks, and DrQuien I hope you don't think we are hijacking your thread. I know we are all in this to make money so the more info we have for stock assault the better. Thanks again.
  • Reply
    Jerry Jerry Jan 23, 2009 @ 1:06 pm | in reply to DrQuien
    I placed the same trade this morning as Chad. Filtering the picks using stochastics and looking at the news and analysis on each of the picks, MSFT looked like the best choice for me too. I entered this morning at 16.85. This could be a good one Chad. I have been looking at the pre-market futures moves and news also to pick my entry. The news wasn't good and so it seemed a good morning to let the stock settle as it appeared it would drift down. Dr.Quien, it's time for RMBS to start moving. Thanks,
    Jerry
  • Reply
    DrQuien DrQuien Jan 23, 2009 @ 11:36 am | in reply to Chad_T
    Well Chad, if you entered your position in Microsoft at the open or close to the open today, you are already up by 1%! So if the markets hold for the next few days looks like you will make a quick profit. Regarding selling early, I have noticed that Stock Assault 2.0 actually gets out of positions before their run-up is complete - I think when the software sees an adequate short term gain, it recommends a sell.
    I don not use trading software. I just rely on my own understanding of technical analysis (MACD, STO, Onbalace Volume). But only to confirm trade recommendations not to identify entry/exit points.
  • Reply
    Chad_T Chad_T Jan 23, 2009 @ 8:50 am | in reply to DrQuien
    I entered my first position today using stock assault. I only had $2900 available to trade as all my other funds are tied up in other stocks at the moment. It gave me 8 different buys so I narrowed it down to one. I went with MSFT and got in at 16.81. I will keep a close watch on it and may sell before stock assault says too.

    DrQuien, do you use any fancy trading software?
  • Reply
    DrQuien DrQuien Jan 22, 2009 @ 1:52 am | in reply to craigthinks
    Thanks for your input Craig. Yes a "practice" account with 100K would be ideal but the average "non professional" trader does not have tat kind of resources to band about. This is why I am testing Stock Assault 2.0 like a recreational trader would - someone that cold devote about $3000 to.
    I like your idea about investment clubs - worth looking into - although you also run the risk of getting "bad advice" there as well. So far I think the best solution is to use a Stock Picking software like Stock Assault 2.0 and verify trades with another source like the one I mentioned earlier. I will include it here as reference again:
    http://www.nasdaq.com/asp/stock_consultant.asp?
  • Reply
    DrQuien DrQuien Jan 21, 2009 @ 12:19 pm | in reply to Chad_T
    Congratulations Chad on your $9000 portfolio.
    This will of course allow you to buy a few positions at a time and let you diversify your portfolio, which is always a great thing.
    By the way, for anyone reading this, I found a free site that you can use to confirm any stock pick recommendations made by Stock Assault 2.0:
    http://www.nasdaq.com/asp/stock_consultant.asp?symbol=RMBS&symbol=IYT&symbol=XLE&selected=RMBS
    It provides a thorough analyses of stocks and the information provided looks valid - and did I mention it's free?
  • Reply
    Chad_T Chad_T Jan 21, 2009 @ 7:37 am | in reply to Jeff
    I went ahead and upgraded to the real time data feed for $13.95. I should of done this to begin with, heck, it's less than the cost of two trades for me. Instantly it showed all the buy and sell picks that it had chose in the past. There were 3 buys for the 19th. I just checked out all the past buy and sells for the last month and only a few were sold for a loss. Most of the pics were only held for a day or two and sold for less than a gain of a $1 which is just fine with me because this is exactly what I have been doing since July 08 and have made $9000 on my own. I will keep everyone updated with my first buy pick which I am assuming it will be today since I upgraded to the real time data feed.

    Dr.Quien, I think I am glad I stumbled across your post on google. Only time will tell
  • Reply
    rheaumerob rheaumerob Jan 21, 2009 @ 7:32 am | in reply to Tman
    I was going to check where the data is stored myself ( I was wondering the same thing as you...). I'm starting to think that all this processing stuff is just for show and that they eventually sent you stock picks after making you wait a few weeks. So why not just send us the picks it came up with for others who purchased it 2 weeks ago.....
  • Reply
    DrQuien DrQuien Jan 21, 2009 @ 12:28 am | in reply to Tman
    Valid question Tman!
    You may want to ask that directly of the folks that created Stock Assault 2.0. I did ask them if deleting cookies from my hard drive would affect results and they answered "no" so I am not sure how it works "behind the scenes." If you do find out, please share the info, I am sure everyone that visits here would like to know that.
  • Reply
    Tman Tman Jan 20, 2009 @ 10:25 pm
    Anybody know where the program data is kept? I let it run continuously for 2 days and found no data tied to the program on my computer in that time frame. Does the program just sort through the (delayed) data real-time showing the the symbols it is looking at all the while? I was beginning to think that you need to give the program 2 weeks to download your hard drive onto their servers.
  • Reply
    rheaumerob rheaumerob Jan 20, 2009 @ 8:22 pm
    [in reply to all in this blurb

    I have also just purchased stock assault and will be getting picks soon - I'll keep you all informed of what comes up.

    Robert
  • Reply
    Robert Robert Jan 20, 2009 @ 8:18 pm
    Hope you all don't mind if I join this blurb. I also just purchased stock assault last week and am patiently waiting. I'll give my feedback as well. Thanks Chris for the word file with the sells from Jan 16.

    Robert
  • Reply
    wells wells Jan 20, 2009 @ 8:10 pm | in reply to DrQuien
    Did you ever think about using options to trade the picks? Always sell a put spread on a pick so that you don't need to worry about the stop loss. Doing this can give a couple of extra advantages: a) lower margin; b) higher percentage of gain. Just to open up some discussion.
  • Reply
    DrQuien DrQuien Jan 20, 2009 @ 7:12 pm | in reply to wells
    Hello Wells,
    No, I did not. However, I did send them an email asking the following
    "I bought RMBS, on Jan 12 based on a recommendation from Stock Assault 2.0. As of today it is considerably down (over 10%). My question is, will there be a sell signal soon (thus selling at a 10% loss) or will Stock Assault 2.0 wait weeks or longer with the expectation that the price to eventually turn positive?"
    I will post their reply, if and when I get it.
  • Reply
    wells wells Jan 20, 2009 @ 6:55 pm | in reply to DrQuien
    It looks like RMBS dropped big today, did you get the sell signal?

    Wells
  • Reply
    DrQuien DrQuien Jan 20, 2009 @ 6:24 pm | in reply to Chad T
    Hello Chad.
    This would indeed be a good time to get in. I was expecting the markets to turn up today, based on technical indicators and the presidential inauguration. So I am expecting - hoping- the markets will be moving higher soon. I expect you will get a buy/sell selection either tonight or tomorrow. For me it took 9 days and you are around that timeline now - so it should not be long noq.
  • Reply
    Jeff Jeff Jan 20, 2009 @ 6:24 pm | in reply to Chad T
    I picked it up the same day as you. I too have been running it pretty much non stop. I'm looking for a pick hopefully sometime this week, if not then early next week. Let me know when yours does.
  • Reply
    Chad T Chad T Jan 20, 2009 @ 5:38 pm
    I purchased stock assault Jan 12th and am still waiting on my first pick. I pretty much leave it running all the time so I'm hoping it will hurry up and pick a stock since the DOW dropped below 8000. Would like to get in on some good stocks that are hopefully on the way up.
  • Reply
    DrQuien DrQuien Jan 17, 2009 @ 1:44 pm | in reply to Jerry
    Thank you Jerry.
    By the way, your comment regarding "I have noticed that many of these picks take off a day or two after continuing to retrace. This is interesting because most services such as this pick stocks that are already trending and usually at the end of their move." Is something I have heard from quite a few folks that are successfully using Stock Assault 2.0 - may be something to keep in mind when determining entry timing.
  • Reply
    Jerry Jerry Jan 17, 2009 @ 1:06 pm | in reply to DrQuien
    I feel that your filtering method is a good idea. MACD is an effective tool. Their were 23 new picks on Friday so quite a few to filter. That is why I only look at the A rated picks. I am using a 10% stop loss as a tighter s/l could result in an early stop. This may seem high but I have noticed that many of these picks take off a day or two after continuing to retrace. This is interesting because most services such as this pick stocks that are already trending and usually at the end of their move. When I choose my picks I watch pre-market action and try not to enter until the stock and the overall market seem to be making an upward move. Thanks again.
  • Reply
    DrQuien DrQuien Jan 17, 2009 @ 12:20 pm | in reply to Jerry
    Jerry, thank you for your comments and feedback.
    You are correct in stating that I am "being neutral at this point and not hyping like in the normal review." That is and has been my intent since the beginning. Now, let me not mislead anyone; if someone buys Stock Assault 2.0 by going though this site, I do get a commission. However, I feel that a product should sell on it's own merits and not hype and hyperbole from people aggressively selling it. I show it "like it is" and if people feel it will meet their needs then - please do buy it.
    Regarding your comment "filtering them by looking at stochastics." That was the Momentum indicator I referenced on my Jan 15 update. The Volume indicator was the Chaikin Oscillator. I feel that these two momentum/volume indicators complement each other quite well. Incidentally the 3rd indicator I use for a perfect triquetra is MACD (measures Trend). That indicator began to look positive on Friday for RMBS.
  • Reply
    Jerry Jerry Jan 16, 2009 @ 10:02 pm | in reply to Jono
    I want to thank you Dr. Quien for this journal. It's nice to see you're being neutral at this point and not hyping like in the normal review. I have the diamond version of SA 2.0 and am still in the testing stage. However since the diamond version gives so many more picks and grades them from A to F, my procedure is a little different. I am looking at only the A picks and then filtering them by looking at stochastics(I want the stoch. to be low but starting to rise and checking out company news, analyst opinion, etc. since these are basically short term trades. My results so far are very encouraging and I have opened an account with Zecco(10 free trades a month). Thanks again and good luck.
  • Reply
    DrQuien DrQuien Jan 15, 2009 @ 9:18 pm | in reply to Chaz
    Thank you for your comments Chaz.
    Yes, using Stock Assault 2.0 as another arrow in your quiver of resources to pick stocks is a good way to go. Another trader i have been communicating with stated: "SA 2.0 is just another tool. I also use worden telechart, ivolatility.com and others."

    Having said that I still want to see if Stock Assault 2.0 is a worthy program for the "Average Joe" that perhaps does not have the resources, know-how and $$ resources that some of us "professional" traders have. I plan, in the not too distant future, write an article about analyzing the recommendations made by SA 2.0 and taking action on that instead of just blindy following the buy/sell recommendations.

    Thanks again for your comments and thank you all for listening.
  • Reply
    Chaz Chaz Jan 15, 2009 @ 4:24 pm | in reply to DrQuien
    First, thanks for the journal. I am also interested in SA and any data you provide will be invaluable.
    Second, while I know WHY you used the method you did in picking RMBS ( in truth the only way to truly test SA short of entering every BUY recommendation) I don't plan on solely using SA's BUY recommendations blindly. For me, getting 1-7 buy recommendations a day, with a good chance of success on those that I have properly vetted, are more than most investors could hope for. If SA can consistently narrow the 1000's of available choices, correctly, to 1-7 it would be well worth the price.
    Third, while RMBS is proving to be a swing trade question mark at this point, it may yet turn out to be a good longer term investment when the patent court cases conclude this spring. If RMBS wins that suit it could be worth as much as $100.00 per share (marketwatch.com).
  • Reply
    DrQuien DrQuien Jan 14, 2009 @ 2:16 pm | in reply to Brian
    Yes, you are of course correct, diversification would be the best approach. However consider that to buy and sell shares will cost you a commission. Even a deep discount online broker like thinkorswim.com has a minimum $5 commission. Now, if you invest $1000 and you make a 2% profit, that gives you a $20 gain, but when you subtract the commission ($10 for a round trade) that just gives you a profit of $10 (1%). Just something you may want to consider.

    But yes, to reiterate, diversification would be the best approach.
  • Reply
    Brian Brian Jan 14, 2009 @ 1:41 pm
    Hello. I am quite new to this (SA as well as trading in general) and was wondering about diversification. If i only have $3,000 that i want to risk at first testing this software out, wouldn't i be better off spreading the balance around to more that one of the picks SA gives? Buy in $750 chunks, say. Thanks in advance for the advice.
  • Reply
    DrQuien DrQuien Jan 14, 2009 @ 12:42 pm | in reply to chris
    Chris, you are 100% correct with your comment "all I could find are people trying to sell the software talking about how great it is." that was my experience too and that is why i started this Journal.

    Now, in the interest of full disclosure, I am also trying to sell the program BUT nowhere do I say things like "make big bucks" or "I highly recommend you buy" or "I am getting great results." All I am doing is providing information - for better or worse - and then people can determine on their own if they want to buy it or not. I feel a stock picking program should sell on its own merits and not the "hype" from people selling it.
  • Reply
    chris chris Jan 14, 2009 @ 12:30 pm
    I want to thank you for doing an actual evaluation, I am doing on as well, I've had the software for a few days and am waiting for the first pick, when researching this software all I could find is people trying to sell the software talking about how great it is, so thanks again, I'll be following as well as posting on here when get some results
  • Reply
    DrQuien DrQuien Jan 14, 2009 @ 11:36 am | in reply to Mike
    I agree with your comments regarding more buys that sells and holding losses indefinitely, or long-term until they turn around. This is why I am doing this post to put Stock Assault 2.0 to the test so everyone can see first hand if it works (or not).

    This is a perfect juncture to "test" Stock Assault 2.0. Let me explain why. The last recommendation it made was RMBS and it has since gone down more than 10% (ouch). I still have not received a sell signal from SA 2.0. So I wonder how long they will recommend I hold RMBS before they recommend I sell. Anything over 10 business days would be too long in my opinion since a Swing Trading strategy should not hold a position much longer than a 2-week period. Stay tuned, come back in a few days and get the update.

    Thanks again Mike and good luck with your trading.
  • Reply
    Mike Mike Jan 14, 2009 @ 10:06 am
    I've been using stock assault for about a month. My concern with it is, there are a lot more buy recommendations than sell. I wonder if the reason so few of their recommendations show a loss is because it rarely suggests selling at a loss. So if you want to hold on to losers forever, and only sell those that gained, of course it looks like you have a good return.
  • Reply
    DrQuien DrQuien Jan 13, 2009 @ 2:03 pm | in reply to Jeff
    Hello Jeff and thank yo for your comments.

    I am also curious how it tuns out. I have been on a quest for the "holy grail of short -term trading" for quite a while. If I can find something that even marginally works as well as the folks that sell it claim - I will be very happy indeed.

    I am using the "regular version" and the premium data feed. I am not using the diamond. The way I see it, I can always upgrade later IF the system works. Regarding how long I run it, about 3 hours every day, in the morning form about 6 am to 9 am pacific time (so when the markets are open).
  • Reply
    Jeff Jeff Jan 13, 2009 @ 1:44 pm
    Hey man,
    Thanks for doing this. I'm really curious how it turns out. My question is what do you think of the "premium data feed" upgrade or the diamond edition. Are you running either of these or just the basic version? Additionally, how many total hours did you run the program before it gave you a pick? I realize you ran it several hours a day but I'm curious what your exact number is. Thanks man.
  • Reply
    DrQuien DrQuien Jan 10, 2009 @ 12:01 pm | in reply to Rafkoo
    Hello Raf and thank you for your comments.
    Regarding your question about online brokers with low commission; I personally use Scottrade and that costs $7 per trade, so a round trade (buy and sell) would cost $14. There are other online brokers that are much cheaper than $7/trade, these include:
    www.zecco.com/
    www.sogotrade.com/
    www.thinkorswim.com/
    Thanks again Raf and good luck with your trading
  • Reply
    Rafkoo Rafkoo Jan 10, 2009 @ 7:32 am
    Thank you for taking the time to investigate SA2.0 - I too am considering going down this route and am fascinated to see how it turns out. I will be downloading SA2.0 lter today to try for myself - however being new to investments, I wonder if you could recommend a good online stockbroker for me - preferably one with low fees/commissions - especially if I will be making multiple trades using SA2.0.

    Very much looking forward to your next update!

    Raf
  • Reply
    Jono Jono Jan 9, 2009 @ 4:38 pm
    Interesting, Dr Quien....

    Thank you for the latest news so far....It looking good so far....but I am not expecting too much at the moment! :)

    Cheers, Jono
  • Reply
    DrQuien DrQuien Jan 8, 2009 @ 3:23 am | in reply to blue1985stfu
    Hello Jarrod,

    I have just started using it but I have been analyzing the historic (past trades) performance. As a result here are some facts I came up with. Please let me know if they are true according to your experience with the program.
    1) SA 2.0 is good at identifying reversals right before they happen.
    2) Oftentimes the stock price goes down on the "buy"date or even the following two days.
    3) About 2 - 3 days after the buy recommendation the stock begins to move up.

    I still have not used SA 2.0 enough to honestly answer the questions you ask (market order before open? Are you setting stops?). With DOW I put a market order the night before and no stop loss. This is not to say that a stop loss at 3% would not be a good idea "just in case."

    As I gain more experience with Stock Assault 2.0 I will write a "lesson" (Lens) with a strategy on how to get the most our of the program.

    Thanks for listening
  • Reply
    blue1985stfu blue1985stfu Jan 8, 2009 @ 2:06 am
    Glad to see someone making a journal on this, I have been using stock assault for the past couple months, and still unsure of how I feel about it. Just curious, are you setting a market order before open? Are you setting stops?

    Thanks
    Jarrod
  • Reply
    DrQuien DrQuien Jan 7, 2009 @ 11:58 am | in reply to freeroller
    Hello Freeroller,

    I typically will not list the buy recommendations unless I actually take action on them (buy or sell). I don't want to confuse and obfuscate my journal by posting a whole bunch of buy or sell recommendations. Stock Assault 2.0 provides about 1 to 7 BUY recommendations almost everyday. Their site also provides a comprehensive, up to date, record of past trades (with gains AND losses) - use the "trades tab" on the Stock Assault 2.0 site - you can use the links listed above to access the site.

    Having said this, the three buy recommendations it delivered last night for today include: ABT, DLTR, and LH.

    Thank you for your interst and comments
  • Reply
    freeroller freeroller Jan 7, 2009 @ 7:55 am
    Chris,
    I have been watching as well and was interested to see what BUY recommendations were given today. I am also tracking on my own!

    Thanks much!,
  • Reply
    DrQuien DrQuien Jan 6, 2009 @ 4:27 pm | in reply to Jono
    Good plan Jono ~ we will be learning together
  • Reply
    Jono Jono Jan 6, 2009 @ 3:39 pm
    No problem, if you write log in about Stock Assault 2.0 for one or two month. If the results sound good, then I will be more happy to click on your referral link for earning your commission. Just want to say thank you for your time to contribute like that. I come here to see your log every day to see if there is any improvement or not :)
  • Reply
    DrQuien DrQuien Jan 6, 2009 @ 1:10 pm
    Hello Jono,

    Thank you for your feedback. My advice is just to keep an eye on my journal here and see how Stock Assault 2.0 works in the days/weeks to come. When you feel comfortable, you can get in. Of course there is a possibility that this program does not work, in which case you may not want to use it. I am, after all trying it for myself to see if it does work and allows me to make money consistently with my trades.

    Thanks again and good luck with your trading and Investing
  • Reply
    Jono Jono Jan 5, 2009 @ 9:25 am
    I have been watching Stock Assault 2.0 for while. I appreciated for your time to put your information about this. I have bookmark your site and watch your diary log every day. Also I would consider to buy your product and it sound very interesting.

    Cheers,

    Jono
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