Looking for a REAL review of Stock Assault 2.0?
You’ve come to the right place. I’ve written this review in such a way that it is the only USEFUL review you need to read on Stock Assault 2.0, so you don’t have to dig around sifting through all the junk reviews out there that are nothing but a repeat of the hypey sale pitch.
The Hype Buster
First off, let’s bust what I call “Copywriting Hypes” (a.k.a. copywriting bullshit), and by God their site is full of it!
Copywriting Hype #1: +1,300% Annual Return
You must have seen this claim on the Stock Assault 2.0 website:
100% Automated Artificial Intelligence Stock Picking Software
Produces returns in excess of +1,300% annually!
I surely hope that this hype does not trigger a “buy signal” in your brain.
I hate it when some schmo copywriter who knows diddly about trading stocks just cherry pick a few lucky results and then spin it out as if it were the real thing, not to mention that these are most likely simulated results. We all know that when it comes to trading (be it trading stock or forex), the difference between simulated results and real life results can (and most likely will) be like heaven and hell. Unless you have UNLIMITED trading capital, pay NO commissions and your fills have ZERO slippage (which we don’t).
To further jack up the hype, they even put on a “profit calculator”, telling you that you can start with say, $500 seed capital, and by using the Stock Assault 2.0 software, you will be raking in $178.08 per day, or $1,246.58 per week, all the way to $65,000 per year. And that’s even without compounding, they tell you. If you reinvest your daily profits, you’d be making millions within a few months time starting with just 500 bucks!
Yeah right! Who needs a bailout?
Copywriting Hype #2: You don’t have to know anything about the stock market.
LOL. What a great way to lose your shirt trading stocks without knowing anything about the stock market.
The myth that some kid turned his $500 into a million dollar trading stocks, is just that, a myth, conjured up by washed out wannabes and fanned by schmo copywriters.
Whoever they hired to write the sales copy must be on some serious pipe. Who do they think we are, suckers?
It beats the helluva me why the developers of Stock Assault 2.0 even allowed this to appear on their site.
The reason I’m saying this is because the brains behind the Stock Assault 2.0 software (not the sale page) are no trading wannabes, instead they are some serious veteran traders who know their stuff (more on this later).
So What Really Is Stock Assualt 2.0 and What Exactly Does It Do?
Now hypes out of the way, Stock Assault 2.0 is actually a serious piece of software.
1. In a nutshell, it is a desktop application (downloadable). After running it non-stop for a while on your computer, it will start to give you stock picks to go long or short the next trading day. You keep it running everyday while holding the positions until it gives you exit signals.
2. It has two versions: Basic and Diamond.
The difference is that the Basic version will give you between 1 – 7 picks per day on average, and it will take longer for you to get your first pick.
The Diamond version will give you much more picks much faster, plus it ranks each pick with a grade from A, B, C, etc… This is a very useful feature to further narrow down potential good trades for the next day.
There is also a premium data feed which gives you much faster access to the database of stock picks.
3. The stocks it picks are not penny stocks.
Made For Swing Traders, Not Day Traders.
As soon as you start using the software and observe the picks, you will realize that the programming logic behind it is mostly based on the principals and the tried and true technical parameters of swing trading, mixed in with their own set of “proprietary” ones.
Judging by the picks Stock Assault 2.0 has been giving out in the past 5 months of my using it, the guys (or gals) behind the software must be some seriously experienced traders, who are not only very proficient in swing trading methodology, but also very experienced in their own real life trading, definitely not the works of amateurs or wannabes.
It is highly doubtful that any wannabes or amateur traders can even come close to coming up with a set of technical parameters to be able to churn out picks as good and as systematically as those by Stock Assault 2.0.
While I’m totally turned off by the irrelevantly hyped sales pitch on their website, as soon as I started using the software, I gained a whole new respect for the brains that are responsible for the parameters behind the black box.
Although many of the picks are somewhat off on their timing (mostly a bit too early), in terms of entering or exiting trades, they are very close to the swing highs or lows, and many times, close to a major reversal points. That alone is extremely valuable tradable information, if you have your own proper risk/money/position management rule in place, the picks given by Stock Assault 2.0 can be very profitable for you indeed.
In another word, Stock Assault 2.0 is capable of picking out a pool of potential swing trading candidates with as good accuracy as you can get in this business.
Keep in mind that there will never be a piece of software, be it “Artificial Intelligence”, “Alien Intelligence”, “super duper computer arrays”, or whatever, that are capable of “dead on” picks with pinpoint accuracy entry and exits (dream on…).
Trading is HARD WORK, preparation is your first line of battle. Choosing a pool of stocks for trading the next day is always tedious and time consuming, that’s why you must use software tools to quickly scan and pick a bunch of trading candidates with a better chance than “a blindfolded monkey throwing darts“.
There are many “white box” software where you set your own scanning parameters, like Worden Brothers’ excellent StockFinder (steep learning curve for trading newbies).
And there are black box software like Stock Assault 2.0, where the parameters are set by the developers, and in this case, very likely by some experienced veteran traders.
While you can not set your own parameters, Stock Assault 2.0 is definitely a time saver to be able to spit out an impressive pool of trading picks everyday, giving you a list of already potentially good picks to do your further studies (of their charts, behavious or other factors) and cherry pick the ones that you feel have the best potentials.
The Diamond version of Stock Assault 2.0 that I use gives me plenty of candidates everyday, I then run them through my own “grinder” (filers). And in about less than an hour, I can end up with a handful of setups with good chance of being profitable.
That’s how I use Stock Assault 2.0, as a first line of screening tool for my swing trade setups, in addition to my other tools where I need to set my own parameters.
Saves me tons of time and energy, specially in days when I feel lazy.
Once the setups are done, I usually enter my trades at the open the next day after checking the pre-market to make sure there is no unusual activities that could lead to a huge gap open.
While Stock Assault’s picks are pretty solid, its sell signals are not as reliable. I use my own set of rule to exit anyway, so it doesn’t bother me much. If you don’t have your own well-tested exit rules that cater to your own situation (amount of capital, your risk tolerance and money management, etc.), then you must first figure it out before entering your trades. You should not blindly follow along.
Using it this way, Stock Assault 2.0 is worth every little penny, although it can not replace my other more expensive tools that I pay a monthly subscription for.
I’ve made good chunks of changes off Stock Assault’s picks in the past 5 months or so while the whole market is going to the dog house, and it saves me a ton of time.
A Quick Word for Those Who Just Start Out Trading or Those Who Want to Start Over
If you are new to stock trading, I’d say Stock Assault 2.0 is a great tool to start off your trading and learning. Just keep in mind that it is absolute not something that you can just follow along blindly and expect to make a killing (like the sale page would have you believed).
And worse, if you are buying into the hype that Stock Assault 2.0 will turn your little $500 into ten of thousands of dollars in no time, then don’t even bother. You will be gravely disappointed.
Here’s the right way to use Stock Assault 2.0 and make money with its stock picks.
- First work out your risk tolerance (how much to lose on each trade in percentage terms, time etc.)
- Your money management.
- Start off with “equal dollar amount” instead of number of shares (spread your trades out in equal dollar amounts).
- Based on the amount of your trading capital, work out the best mix between your maximum number of positions vs. number of shares per position, making sure that your round trip commission is less than 1% of the trade. The goal is to have an adequate mix of concentration (for max profit) and diversification (so you don’t get killed by just one position going south).
- Then and only then, put on as many positions (from the picks given by Stock Assault 2.0) as your trading capital allow.
- Take your losses based on the above point 1, even if Stock Assault 2.0 has not given you a sell signal. There are plenty of potentially money making trades for the taking, don’t get stuck on a loser that goes beyond your preset parameters.
And finally, go after and build on small but consistent gains, instead of chasing home runs or the like.
With this attitude, you will be very happy with what Stock Assault 2.0 has to offer.
That’s it for today folks!
Good trading.
If you find this review helpful, spread the word, appreciated!
36 comments ↓
I enjoyed your review of StockAssault 2 as your recommendations appear to come with your experience as a short term trader. I’ve been swing trading for over two years full time (some day trading, not much since I hate being shackled to charts and graphs. I’ve done quite well swing trading and I thank the traders who taught me for that – especially early on impressing the short side of trading. I’ve begun to review Stock Assault 2 this week (02/02/2009) is the first week the AI engine (standard version) has been running so I do not expect any picks for at least another week. I review productivity software trading packages about 2 times per year. Stock Assault just caught my attention as a trader’s curiosity item and my education with a degree in Information Science, which included expert systems, robotics and A.I.
As a seasoned trader who’s gone through the school of hard knocks your Stock Assault review where entry trades are presented often a bit early and exits a bit late is what I anticipate from the software. It was good to hear this from someone who is utilizing the sofware and appears to be a knowledgable trader.
Drop an e-mail to me, would like to continue correspondance. By the way y2kevin was first used during the 1990′s when I began to project management consulting on large Y2K conversion projects….Date conversion projects are very boring.
Sincerely,
Kevin
Kevin, thanks. I started as a day trader as well years back, it was just too much work to trade like that. Swing trading is the way to go. By the way, the mention of ‘Y2K’ brings some good memories back…-:)
As a newbie I wonder how you can make money in swing trading if you have to pay the broker fees both ways?
In this bear market how is swing trading doing?
In this ad they say to start with $100 if you ad the broker fee, you need a minimum of 10% just to break even.
Thanks for your reply
Gordon
Gordon, 2 things to consider, the size of your trades and how much round trip commission as compared to the size of your trades. My principal is the total commission (both way) must be less than 1% of my trade size.
Swing trading is great for trading such a market, lots of trading setups everyday. Scanning and getting into the right pool of stocks is key.
As for starting capital, I think it’s totally misleading telling people to start with $100, or even $500 to trade.
My suggestion, save up to at least $5000 before trading. In the meantime, you can open a demo account and learn the ropes.
How do you set up your brokerage account so that your total commission (both ways) is less than 1% of your trade size?
I am a COMPLETE newbie when it comes to swing trading or day trading.
Good Reveiw by the way….
Dave, my average trade size is around $3k-$5k, and my max. risk per trade is 5% (including round trip commissions). That way, my round trip commission is always less than 1%.
If you are new, my best “in the trenches” advise is save up enough capital before you start trading for real.
Be patient, trade a demo account and learn the patterns, learn to pick the right pool of stocks for your setups. And when you have enough capital, the market will still be there, and you will be more than ready by then, instead of jumping in with too small capital and lose all fast.
thanks
tack
I want to know more about it.
I have followed your advise and kept my cool allowing the markets to slide down. When you say by April we will go below 600 at S&P do you really advise on being in the market or to keep cash. I have been thinking your words on going it on cash for few more months is the sensible thing to do.
Good day,
we trade in indian stock mkt index NIFTY, is your software useful/indicative in trading please inform,Ty
09342342645
Pirabu – good thing to do when you find little setups
md – unfortunately, this software is for US stocks only.
Hello,
I am also new newbie. I have had Stock Assault 2.0 for a few weeks. I haven’t bought anything. Just watched. I would like to learn a way to narrow down the picks. Can someone refer me to a book or website where I can start to learn techniques to do this?
Thanks.
Moridian, here are some great books on that: http://www.worden.com/Products/BooksAndVideos
What’s the price on Diamond Edition? Is it one time payment?
What are those you pay expensive subscription?
Does it provide 100% correct signals or anything like that?
I have the few “k” to invest but do not have much knowledge on the market, do you recommend investing in assault now or later? And do you think the system is good enough to still bring gains back with out a personal exit strategy?
Adam, if you are totally new to trading, I absolutely recommend you open a demo account somewhere and start to trade and learn, you will get a good feel of it, and then invest in some software and test them out. Stock Assault is good tool for a quick scan everyday, for you to further pick out what to trade, but you will lose money no matter what if you don’t get your own risk management figure out. Eventually you have to develop your own exit strategies. For me, I will absolutely get out of my position if it goes against me pass 5%. I just get out right away and move on to others (plenty good trade around). As for profit taking, I always use a trailing stop. I can always re-enter the trade if the stock shows up again on my scan.
Mike, I’ve been using Worden’s Telechart Plantinum for years, it’s my daily bread and butter tool, can’t trade without it no matter what else software/tools I try along the way.
If you’re just starting out with Stock Assault would you still pay the extra money for the diamond version? Thanks
Loyd, absolutely start with a demo account. The diamond version will give you more picks and quicker. By studying the picks, their patterns and trading them first in a demo account, you can shorten your learning curve and start to develop your own risk tactics early on (believe me, if you do want to make it in trading, you must have your own risk management rules and constantly fine tuning them).
Another great learning source is the Worden’s Telecart site.
Stock Assault is nothing more than a monkey throwing out stock picks. Their success rate is nothing to be proud of. In a bull market, anyone can pick a handful of stocks and have a good success rate. Heres an example. Stock Assault gave me an ETF called DUG to buy on April 27th at the recommended price of $23.15. I bought 1,000 shares of this stock and watched it drop to 17.42 as of today May 8th! I kept looking for a sell signal but none came. DUG is an ETF that works opposite of the oil and Gas index on the Dow. Why would these morons recommend you buy a stock like DUG in the middle of a bull market when oil is climbing to a six month high? That tells me that Stock Assault has no real substance behind the program. A normal person would know that YOU DONT BUY AN INVERSE OIL AND GAS ETF IN A BULL MARKET. I sold the stock at a steep loss and I’m still waiting for that sell signal. I’m just waiting to see how deep DUG will actually fall. So far it’s down $6 and counting. If Dow continues to climb this week then the stock should go to 13. That’ll be $10 off the recommended purchase price.
Bill, wow, sorry to hear that. Personally, I would never allow a loss to go THAT far before cutting it. Loss is the CONSTANT in trading, no matter what trading tools you use, or gurus to follow. That’s why you must have your own risk rules. To me, it’s crazy, it’s insanse to allow a loss THAT steep without cutting it.
want to try the software
I want to know how much I will earn If I invest the money and how much is safe this investment.
Danijel, l know what you mean, but let’s get it straight, this one trading tool, like any other trading software, will NOT make you money automatically. How much you can make by trading depends largely on how much you are willing to put into it (your time, efforts, learning, and of course, how much you are willing to risk to lose). I know, in my case, it took me a long time, lots of moeny (both lost trading, and in books and software) before I finally figure out my own set of rules, and started to make good money. Sorry if this doesn’t answer your questions directly, but it’s the plain truth.
estoy muy contenta para conoser amigos
Hey just wanted to know if you knew about another product by Jason Kelly called Day Trading Robot? Do you know if it actually works? I know the sales letter is really hyped up, I just want to know if its worth looking into.
Hey Levin, I know about Day Trading Robot, it’s run by some penny stock promoter, I never trade penny stocks the way I trade normal stocks, but I make good money everytime these penny stock promoters do a “pump and dump run”..:). I will talk more about this in my follow up series on the manipulations of penny stocks and how to make some easy money from such manipulations.
The best advice in these posts is to open a demo account and use the platform to educate yourself. Trading the advice of either an individual or software package, without your own knowledge and developed strategies, will more times than not result in a loss of ALL your investment capital. You must also determine that the “tool” fits your strategy. My preference is trading stocks to the upside with option strategies used for downside protection. Therefore, Stock Assault 2.0 would not, in my opinion, fit my trading strategy. Your local library offers many publications (e.g., Investors Business Daily, Wall Street Journal, Barrons, etc.) to begin your investment education. Take advantage of free education before spending your hard earned money. Educate yourself, beware of hype, and trade a demo account for at least 6 months (more appropriately one year). Sorry, it takes time!!
Tried to install demo but couldn’t because it contains infection AdwarePro
Also, Stock Assault is obviously practicing bait and switch tactics since there is NOTHING on their web site about the Diamond version or cost thereof.
@THT: Hum… that’s very odd. Maybe you should double check. They have absolutely nothing to gain to have people download an AdwarePro, or whatever adware. For anybody to profit from spreading adware, you have to be in THE business of spreading adware. And I highly doubt that they are in the business of spreading adware.
The Diamond version is an optional “upsell/upgrade” in the check out process.
Just so you’re not flailing in the dark, I think you should know how it works with copywriters.
There tends to be a third party. So we’ve got the copywriter, then there’s you (the potential customer), and finally the person representing the product. That third party, the representative, supplies the rough info a copywriter has to work with.
I know this because I’ve been a copywriter for such products in the UK. And I’ve ranted, just as you did (quite rightly) about why a product shouldn’t be promoted in such a way. The answer is – and I mean nine times out of ten – “Just do it”.
In short, don’t shoot the messenger. Us copywriters usually question the insanity of a particular marketing message, only to be told we don’t know what we’re talking about (by someone who allegedly knows how to market a product). Check the irony….
H.
Hi,
I am starting out fresh and practicing on a trading platform. There is so much information out there that it gets confusing at times. Do you recommend any source of information that can teach me about swing trading and stock analysis from A to Z?
Ben, your best bet is famed Worden charts, they have loads of resources.
@Zon – it has been awhile but I wanted to check in with you to see if SockAssault 2.0 was still working for you? I have some knowledge about the stock market (the basics of trade interface usage with custodians such as TD Ameritrade and Schwab) and have saved up around 12K to invest. I am looking at this as a tool to use but am still unsure if it is right for me. I guess I just need some re-assurance that this is not a scam of any kind, heh. Thanks.
Hey Ross, I haven’t used StockAssault for a long while, since I use many other tools that integrate better with my trading platforms/plans.
Stocks have become very hard to trade these days (even for institutional traders!), if you have $12k, I would suggest you take a serious look at Forex trading, where the market is much much more liquid, patterns are much much more consistent, and the place to be for us technical traders. Specially right now with what’s going on in world economy, Forex is a much better place to be than stocks to make money trading.
I would point you to check out a soon-to-be-released Forex auto trading system, probably one of the best Forex trading software on the market, they are giving out full versions for free right now to traders to test drive (that’s a show of confidence), you should check it out.
Very smart of you starting trading with $12k, I think you’ll have much better results with Forex.
Leave a Comment