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.
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