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Saturday, June 20, 2009

Stock Assault Discussed

By Chelsea Manes

Stock Assault, a automated program that picks stocks to invest in, is met with much criticism and hesitation primarily because people advertise it as a money making machine. Let me highlight the part that says you could turn your $500 into $65,000 by the end of the year and that just sounds too good to be true, so it must not be true.

No doubt that there are a lot of people who are interested with the software but are turned off by the glaringly one sided articles and other forms of publicity regarding the software, which is why I will try to set the record straight in this article.

Stock Assault is a program that you keep continuously running on your personal computer. The application collects circulating information about the stock market. It tries to grasp what traders are talking about and any evident trends. If it senses that traders are talking about buying or are currently purchasing particular stocks, Stock Assault will take that into account and include it into the assessment of that stock.

Not only can Stock Assault work out an intelligent way of coming up with stock picks but it can do so really fast. After the program gives out its endorsement, you may invest in those stocks until the program gives an exit signal.

The program was created by expert day traders who are very experienced with swing trading after spending many years in the stock market. Although geniuses were behind the conception of the program, it is still a program nonetheless. Stock Assault will never be capable of spotting exact, dead on picks all the time. Sometimes it may signal users to buy or sell stocks prematurely but they come really close to the actual highs and lows.

You should never expect the program to do all of the work for you. To some extent, you will have to make your own stock portfolio to corroborate the selected stocks of the program. Knowing that going through all company positions just to decide on which stock to bet on for the next trading day is painstakingly slow.

However, the advantage with using Stock Assault is that you do not need to cover the entire stock market, just the stocks that the program picks. - 23226

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