Presentation on theme: "Dr. Scott Brown Stock Options. Tools Of The Trade This chapter will be dedicated to talking about the free and paid services you can choose from to get."— Presentation transcript:
Tools Of The Trade This chapter will be dedicated to talking about the free and paid services you can choose from to get your market data an the options-related software to help manage your positions. The author of this book uses eSignal.com as the data vendor for all the stock, option, and commodity quotes. This requieres a monthly fee for the service in addition to having to pay for real-time exchange fees. Exchange fees are a cost that you must pay to the stock and commodity exchanges if you want to get their data on a real- time basis. Technical analysis of the markets is critical. I have performed an extensize and exhaustive study of all data serivices. The best are: Track n Trade High Finance for Stocks and Stock Options Track n Trade Futures for Futures and Futures Options
Tools Of The Trade One of the top websites for option information is Ivolatility.com The top free website for futures data and news is www.futuresource.com www.futuresource.com You’ll find Track n Trade so powerful that you will only want to use it but If you are ever in a pinch where you can’t access your TnT platform (like if you don’t have your laptop and you find a computer terminal) you can see a simple chart at www.barchart.com www.barchart.com
Tools Of The Trade Here are some sites that have free and fee based services: www.optionistics.com (Free Plus Fee) www.snowgold.com/download/downopt.html (Free) www.midxpansion.com/options/index.php ($395 or $69 per month) www.samoasky.com (Free)
Tools Of The Trade And for you Microsoft Excel users: www.optionstar.com (Free And $199 One Time) www.quotein.com (34CHF per month) www.fintools.com ($495 One Time)
Tools Of The Trade Websites for the option exchanges are: www.cboe.com www.ise.com www.amex.com www.phlx.com www.nymex.com www.cbot.com www.cme.com www.theice.com
Tools Of The Trade You can also get magazine subscriptions to: www.sfomag.com (Free) www.futuresmag.com (Free) www.tradermonthly.com (Free)
Disclaimer DISCLAIMER: THE DATA CONTAINED HEREIN IS BELIEVED TO BE RELIABLE BUT CANNOT BE GUARANTEED AS TO RELIABILITY, ACCURACY, OR COMPLETENESS; AND, AS SUCH ARE SUBJECT TO CHANGE WITHOUT NOTICE. WE WILL NOT BE RESPONSIBLE FOR ANYTHING, WHICH MAY RESULT FROM RELIANCE ON THIS DATA OR THE OPINIONS EXPRESSED HERE IN. DISCLOSURE OF RISK: THE RISK OF LOSS IN TRADING FUTURES, FOREX AND OPTIONS CAN BE SUBSTANTIAL; THEREFORE, ONLY GENUINE RISK FUNDS SHOULD BE USED. FUTURES, FOREX AND OPTIONS MAY NOT BE SUITABLE INVESTMENTS FOR ALL INDIVIDUALS, AND INDIVIDUALS SHOULD CAREFULLY CONSIDER THEIR FINANCIAL CONDITION IN DECIDING WHETHER TO TRADE. OPTION TRADERS SHOULD BE AWARE THAT THE EXERCISE OF A LONG OPTION WOULD RESULT IN A FUTURES OR FOREX POSITION.HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO, ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM, IN SPITE OF TRADING LOSSES, ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS, IN GENERAL, OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. PS. In our opinion, we believe, it may be possible, that heavy smoking and drinking may be hazardous to your health. If you choose to smoke and drink while trading, The Delano Max Wealth Institute nor Dr. Scott Brown is liable for any damage it may cause. If you slip and fall on the ice, we're not liable for that either.