StocksToTrade Review – Is This Trading Platform Worth It?

About StocksToTrade

StocksTotrade.com is a desktop-based charting and inventory screening software program that gives, degree 2 information, market information, paper buying and selling, dealer schooling, and extra. It was designed by merchants, for merchants, and does a pleasant job of surfacing alternatives for day buying and selling and swing buying and selling.

Is StocksToTrade the correct buying and selling platform for you? Maintain studying our StocksToTrade evaluate to seek out out.

StocksToTrade Pricing

StocksToTrade is accessible as a month-to-month subscription for $179.95 per 30 days or an annual subscription for $1,899.50 per 12 months. You may check out the platform for 2 weeks for $7.

StocksToTrade Options

Inventory Charts

StocksToTrade affords built-in inventory charts with an array of customization choices and technical research. You may select candlestick charts, Heikin-Ashi charts, line charts, and bar charts.

Timeframes vary from one minute to someday, however the choices are considerably restricted. For instance, there’s no possibility to take a look at 2-hour or 4-hour bars like you possibly can in different charting platforms.

The number of technical indicators contains fashionable research like transferring averages, RSI, MACD, Fibonacci retracements, pivot factors, stochastics, VWAP, and extra. The research aren’t particularly customizable, nevertheless. You’re restricted to preset intervals for transferring averages, for instance.

StocksToTrade additionally doesn’t allow you to show a number of charts in a single window. If you wish to take a look at two totally different timeframes or monitor charts for 2 shares, you’ll need to toggle between tabs.

For critical day and swing merchants, Thinkorswim charts and TradingView charts supply much more customization choices. However StocksToTrade charts get the job carried out for most traditional technical evaluation.

One good factor about StocksToTrade’s charting window is you could add modules for Degree 2 information and time and gross sales information to the identical display. This may be very useful for day merchants on the lookout for massive orders or motion round help and resistance ranges.

General, the charting part is adequate for an “all-in-one” platform, particularly contemplating most merchants are utilizing StocksToTrade as a scanner first and a charting platform second.

Inventory Information

StocksToTrade additionally affords a information feed for every inventory, which you’ll pull up within the charting window. The information feed shows headlines from Yahoo! Finance, MSN Cash, Wall Road Journal, Looking for Alpha, The Motley Idiot, InvestorPlace, and Finviz.

Alongside the information feed, you possibly can monitor new SEC filings. Nevertheless, this function is fairly restricted and doesn’t supply an in depth doc search like FlashSEC or BamSEC.

There’s additionally a inventory market-wide information feed you could filter by image or shares in your watchlist.

Whereas the information scanners aren’t as complete as a standalone information platform like Benzinga Professional or TradetheNews, they get the job carried out (particularly in the event you simply need to learn the newest headlines that could be transferring a inventory).

Inventory Scanner

Now, let’s get to the star function of the StocksToTrade platform – the inventory scanners.

StocksToTrade is a particularly highly effective inventory scanning platform that offers you a number of methods to seek out alternatives for day and swing buying and selling.

First, merchants can benefit from the platform’s built-in scans. These are comparatively fundamental, exhibiting you the largest gainers and losers over someday, three days, and 5 days. What’s good is you could filter these scans by inventory worth or trade, together with OTC exchanges. That’s an enormous plus for penny inventory merchants.

There are additionally built-in scans for shares with earnings previously 24 or 72 hours experiencing worth adjustments of greater than 5%. That is nice for locating swing buying and selling candidates round earnings beats or misses.

The customizable screener provides you much more methods to seek out alternatives. You may filter based mostly on worth change over all kinds of timeframes or based mostly on any of the technical research that StocksToTrade helps. Even higher, you possibly can create filters based mostly on whether or not there’s a catalyst round a inventory, equivalent to earnings or information headlines.

The screener enables you to string collectively as many standards as you need with “and/or” standards. The interface is a bit complicated at first, however it’s straightforward to get used to. It can save you an infinite variety of screens, which is nice for working your favorites initially of the buying and selling day or everytime you want concepts.

Oracle

Oracle is a singular instrument from StocksToTrade that robotically creates a every day watchlist of 15 shares which might be prone to expertise excessive volatility. The picks are sometimes based mostly on shares that skilled sturdy bullish or bearish momentum going into the day past’s shut.

Coloration-coded indicators present you whether or not every inventory is a protracted or brief choose, and a desk shows the entry worth and a revenue goal. A timeline-style show highlights help and resistance ranges, making it straightforward to set your personal extra worth targets or cease losses.

Oracle primarily focuses on penny shares, and the commerce alerts are sometimes closed inside the similar day. Nevertheless, swing merchants can maintain positions in a single day and promote at open the following morning to get across the Sample Day Dealer rule.

Alerts

StocksToTrade allows you to set alerts on particular person tickers based mostly on worth, buying and selling quantity, VWAP, or breaking information headlines. It’s fairly straightforward to arrange alerts, and so they’ll make a sound or show a pop-up when triggered. Nevertheless, the alerts aren’t overly customizable, particularly in contrast with the technical pattern-based alerts obtainable in TradingView and TrendSpider.

StocksToTrade College

StocksToTrade College is sort of a cross between a helpdesk and a dealer schooling service. It affords dozens of movies that stroll you thru all of StocksToTrade’s options and the right way to use them. The teacher, Tim Bohen, goes past the fundamentals to offer you actionable recommendation about the right way to put the instruments to work and combine them along with your buying and selling technique.

The College portal additionally contains downloadable scans, a fundamental buying and selling journal, and worksheets for calculating the danger and return of each potential commerce. There’s a information to buying and selling phrases and technical research, plus recorded webinars led by merchants on the StocksToTrade workforce.

Skilled merchants in all probability received’t want the content material in StocksToTrade College, however it provides to the platform’s worth for rookies.

Appropriate Brokerages

StocksTotrade integrates with a number of fashionable inventory brokers, together with:

A partnership between StocksToTrade and Tradier affords limitless commission-free inventory trades with a $500 minimal deposit.

StocksToTrade used to supply its personal paper buying and selling simulator, however that function is now not obtainable. Nevertheless, merchants can nonetheless join a paper buying and selling account with a dealer integration.

Customization and Saved Layouts

StocksToTrade is simply obtainable as a desktop platform for Home windows and Mac. StocksToTrade College is accessible on-line, however you possibly can’t entry any of the evaluation or buying and selling options within the cloud.

You may arrange an infinite variety of watchlists on StocksToTrade and group them into classes. You may kind or display every watchlist based mostly on worth, % change, quantity, and extra. The watchlist module is in a sidebar, so it’s straightforward to regulate it whereas analyzing charts.

General, there are lots of nice customization options that can help you tweak the platform to your day buying and selling wants.

StocksToTrade Differentiators

Whereas there are numerous buying and selling platforms available on the market, only a few embody such a variety of options in a single platform. That is the place StocksToTrade stands out as a viable possibility for day merchants. StocksToTrade gives all of the instruments you could discover alternatives, analyze setups, and execute trades. The platform contains degree 2 quotes, charting, scanners, watchlists, and alerts, all in a single display.

The platform’s charting capabilities are good, however not excellent. Nevertheless, there’s a ton of worth in pairing these charts with StocksToTrade’s built-in OTC market scans, its strong inventory screener, and the Oracle buying and selling alerts. These three instruments are extraordinarily actionable for figuring out commerce concepts, and you may shortly dig into setups utilizing StocksToTrade’s charts.

What Kind of Dealer Is StocksToTrade Greatest For?

StocksToTrade.com is an all-in-one inventory buying and selling platform that’s perfect for day merchants and swing merchants. All the platform’s instruments are geared in direction of serving to you discover trades in actual time and concentrate on trades with a time horizon of some minutes to some days.

The platform has a slight bent in direction of penny inventory buying and selling. Particularly, it comes with pre-made OTC market scans, and the Oracle alerts sometimes concentrate on penny or small-cap shares. Nevertheless, you don’t need to commerce penny shares to benefit from StocksToTrade – the customized watchlists, alerts, and inventory screener can be utilized to seek out alternatives in any shares.

One good factor about StocksToTrade that units it other than competing platforms like Thinkorswim is that it’s comparatively beginner-friendly. The platform affords lots of customization choices with out being overwhelming. The StocksToTrade College movies additionally make it straightforward to discover ways to commerce with the platform.

StocksToTrade is probably to enchantment to newer merchants who haven’t chosen their instruments and platforms but. The true worth of the platform is the “all-in-one” part. With the intention to justify the worth, you would want to make use of StocksToTrade for all your buying and selling wants (charts, information, degree 2, scanners, and so forth.). Merchants who already use different buying and selling platforms or scanners could also be much less prone to make the swap.

StocksToTrade Options

There are a couple of potential alternate options to the StocksToTrade platform.

StocksToTrade vs. Scanz

First, there’s Scanz, previously often known as EquityFeed. StocksToTrade was initially created as a white-labeled model of the EquityFeed platform, so the 2 platforms have loads in frequent. Scanz contains inventory scanners, information scanners, charting, degree 2 information, built-in buying and selling, and extra.

The platforms are very related, so it’s value making an attempt each to see which you like. We want the way in which that Scanz goes about creating customized scans and displaying outcomes, however different merchants would possibly want StocksToTrade.

StocksToTrade vs. Commerce Concepts

One other various is Commerce Concepts. Should you’re utilizing StocksToTrade solely for the scanning performance, it’s positively value exploring Commerce Concepts. The platform has some nice built-in scanners and has been main the trade in incorporating AI into its scans. Nevertheless, Commerce Concepts isn’t our high choose for charting and doesn’t embody degree 2 quotes.

StocksToTrade vs. Thinkorswim

Lastly, Thinkorswim is a free buying and selling platform that matches most of StocksToTrade’s options. In truth, it affords much more customizability and extra highly effective charting instruments. The disadvantage is that Thinkorswim has a steep studying curve, so it’s not beginner-friendly. Even skilled merchants might want to spend a while studying their approach round and establishing fundamental scans.