The basics about Selftrader and how to use the platform to your benefit.
What is Selftrader?
Selftrader is a tool that suggests you to buy or sell stocks. The suggestions are built upon the current market situation, the stock characteristic, earnings-data, technical stock indicators, estimations of finance experts and a lot of other values.
For whom is Selftrader?
Selftrader is for middle or long-term traders, foremost for private people that don’t have the time to observe stocks the whole day. Set the stocks you’re interested in to active and you will immediately get notified as soon there is a new trading suggestion.
It is also a good supporter for your existing portfolio. You can see how Selftrader would have traded and if you’re satisfied, it’s easy to let Selftrader continue by making future trading suggestions.
How to use Selftrader?
First you have to subscribe to stocks. Those stocks are your active stocks. You will get trading notifications for your active stocks. If you set a stock active and you got a suggestion, you can execute the trading suggestion at your online broker. After your online broker handled your order, you have to take over the transaction stock price to Selftrader. Since Selftrader know, that you executed the suggestion, it is now ready to let you know when to sell the stock.
Selftrader will give you a maximum of five buy suggestions. That means, if the stock is falling and falling, Selftrader will try to catch up the previous loss with the fourth and fifth buy suggestion. This could take some time because only less-risky suggestions will be made. If a stock is constantly falling, you will lose investment. By selecting “steady” stocks and using a good distribution, this risk is lower.
You like to invest 100.000 $ in shares and you plan a distribution to 20 stocks. Then you have 5.000 $ (100.000/20) for each stock and 1.000 $ (5.000/5) for each buy transaction.
You unlikely will invest everything of your 100.000 $ capital, instead you should reserve a buffer in case the stock-market is down and start to raise.
Investment Example for beginners:
You like to invest 20.000 $ in shares and you plan a distribution to 10 stocks. Then you have 2.000 $ (20.000/10) for each stock and 400 $ (2.000/5) for each buy transaction. Make sure you invest in stocks that are in an Index like the S&P 500 to prevent using too risky stocks unless you know what you are doing.
More information at http://selftrader.io