SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Tondon who wrote (28119)3/18/1999 1:09:00 AM
From: Jenna  Respond to of 120523
 
At the low end you should have real time quotes, real time charts and time & sales. If you don't want to daytrade and I strongly suggest you don't get into daytrading save for the occasional intraday hi-flyer you won't need level II. I buy mostly everything at market becaue the stocks I buy are are a)usually strongly trending watch lists stocks or

b) earnings plays that are not that interesting to the money makers like (ZQK, GNSS, SUIT, YUM, etc) and I don't like to haggle for a 1/2 point. (example I got into DCLK even after a 14 point surge on Monday had I put in a market order and applied some sort of gap theory I would not have gotten in and enjoyed to subsequent rise for the past 3 days)..

I also have Telescan real time but I only use that for back up since the charts do lag by about 90 seconds.
You have to decide if you want an instant execution broker and then choose a plan that suits you.

I use townsend analytics (from AB Watley) and have 2 others for real time as well (from brokerages that I needed for my frequent stop losses on nasdaq stocks) and one for options adding an additional $150 a month on top of the $150 for my main quotes. Now I'm looking to add turbo options to my quotes but so far can't find any that won't charge me for level II as a prerequisite (which is why I went with an option broker for a small amount of my trades).. My monthly charges are about $800-1,000 but you could probably expect to pay about $250 top.

I would guess you should expect to pay $150-$200 a month for the real time charting.. with an additional $75 if you want real time data (you can get delayed data from Market Watch so you shouldn't really need real time)

You probably won't need a a back up like I use so you can save an additional $300 a month there. I would suggest you try Q-charts, I've heard very good things about them.

If you really looking for upscale and are thinking in terms of daytrading try this url, I've heard about this as well and if I weren't doing so well with my own system I'd probably look into this one : profsoftware.com and the list of brokers that use RIM profsoftware.com but again if you don't plan to daytrade you won't need this either.

Now as far as watching the stocks all day.. you can choose to watch 15 minute charts as well as 1-5 minute charts.. I also keep a weekly chart open for the main stocks on the watch list. The weekly chart is set with indicators with weekly parameters and the 1-5-15 minute charts are set with the daily parameters. With a stock like EPAY I might just look at the tick chart if I'm so inclined.



To: Tondon who wrote (28119)3/18/1999 1:30:00 AM
From: heidi s  Read Replies (1) | Respond to of 120523
 
Jenna, as a recent subscriber I also am interested in how one can monitor the lists in real time. Also,what software can I use that would give off buy alerts. With delayed quotes I find that I'm chasing a stock which has broken out and either I chicken out because I think it has moved too much or if I buy it I end up owning the stock near the day's high. As you can tell, I'm not very proficient in technical analysis although I have read a couple of books (including John Murphy's recently published book Technical Analysis of the Financial Markets, which I can highly recommend), so I'm looking for any help that I can get.

By the way, what a great find this website has been !



To: Tondon who wrote (28119)3/18/1999 1:00:00 PM
From: Mr. Aloha  Respond to of 120523
 
For real-time charting I think I've found the best inexpensive tool around. I've been using TC2000 for charting for a couple of years, but I've switched to IQ Chart Real Time, which is awesome!

At $24.95 a month, it's very affordable, and gives you real-time charts during the trading day (you have to pay a $12.50 fee to the exchanges if you want real time vs. delayed). In IQ Chart Real Time, the charts are updated every minute automatically, and you don't have to download charts or adjust splits manually like I had to do with TC2000.

They have all the history for every stock and index back to 1968! Their technical scans are easier to program than TC2000, and they have a proprietary color-coded indicator telling you when to buy and sell a stock. I also like their interface and display of indicators better than TC2000. Finally, they have a dynamic watchlist which you can set up with dozens of stocks/indices that are automatically updated with real time quotes every minute.

For anyone who does any trades during the day, I definitely would use IQ Chart Real Time over TC2000, if you don't want to go with one of the much more expensive alternatives. After trying it for a couple of weeks, I don't know how I ever traded without real-time charts. With 1-minute, 5-minute, 15-minute, 30-minute, and 60-minute charts along with great indicators, it's already made me thousands of dollars,
so it's definitely worth it, and is a much better deal than anything else I've seen.

Check it out and sign up for it at:
iqc.com
In the Reference Code box on the Registration form, please enter "aihp" so they know I sent you. You get a free 2-week trial (you have to pay the Real Time exchange fees if you want a real time feed), so if you don't like it, just cancel.

Mr. Aloha