In this Black Box Stocks Review, we will discuss why we think they may have the best automated trading algorithms in their alert system! BlackBoxStocks options trading scanner is one of the market’s most user-friendly stock and options alerts tools. But does that mean it’s going to print money for you? You have to be ready to learn before you’re ready to earn.
Chart by TradingView
Table of Contents
- Black Box Stocks Review Introduction
- Black Box Stocks Features
- Black Box Stocks Stock Price and Symbol: Are They Publicly Traded?
- How Much Does Black Box Stocks Cost? (Pricing Review)
Black Box Stocks Review Introduction
BlackBoxStocks scanner was launched in 2016, and since then has grown to be a major contender in the world of trading tools. Black Box Trading offers a LOT with their service. Next, let’s talk about their real-time web browser-based and mobile-friendly trading algorithms that are the backbone of their alert system.
They supply day and swing traders with some of the best analytical software. Let’s look at some simple and easy features below and get you up to speed with what they do.
The premarket scanner will show you all the biggest NASD/NYSE movers of the morning (they also have a POST market scanner). While you begin your technical analysis, you want to make it part of your daily ritual to check what stocks are moving in the premarket. Most day and swing traders check stats like this out to prepare for the day.
So no, no money printing! You still need to know the ins and outs of trading. Don’t worry; they’ll teach you that too. However, what it will do for you is keep you informed on the biggest moves in the market daily, especially in the options market, which they are famous for.
Like all trading, It’s up to you to take the information, process it, and trade the best setups.
Of course, learning to trade takes time, and the same goes for any new trading tool. So read below to learn all the goodies you get with a membership.
Black Box Stocks Features
- Live Streaming
- Live Discord
- Trade alerts
- Educational Webinars
- A huge active community
- Private Twitter alerts
- The best browser-based scanner for stocks and options
- Dark Pools data
- Penny Stock Alerts (Micros!)
- Options alerts, sweeps, blocks
You can also get the StockTwits feed for any ticker by clicking the ST symbol in the bottom right-hand corner. Keeping an eye on the Social Media sentiment is helpful when watching what the “herd” is up to. This will save you from opening another browser tab to view StockTwits directly.
Sometimes, people share nice charts or links to news on their feeds. So let’s talk about HOT stocks for a minute, along with volatility. If you are looking for the biggest advances in stocks and decliners, look at the Market Movers tab. Here you will find stocks with a wide daily range, perfect for momentum, high or low RSI levels, exhaustion, or reversals.
You can check this throughout the day and click on each one to quickly populate a chart to see the price action.
Please pay attention to the entire lower right side of your scanner, as it shares a lot of useful tabs to select. Here you can find dark pool alerts, news, volume moves, and the general chat, which always has a moderator.
Traders want volatility. Nothing is worse than hopping in a trade and having it trade sideways. Unless, of course, you are an options premium seller.
When you’re watching the scanner, it’s nice to know you are watching the real-time quotes. No delays! It’s also quite cool to watch their real-time volatility indicator.
The volatility indicator is awesome for knowing if the movement is stronger bullish vs. bearish.
This volatility dial is something you should study for a bit to get the overall “feel” of the speedometer. However, I find it helpful watching it along with the general price action.
For example, today, on $AAPL, we noticed some bearish candlesticks, but the volatility indicator was fairly neutral. This signaled the neutral nature of the move, which MAY of kept you in a trade or on the sidelines!
What is cool about the alert log is you can also click and sort by volatility. Or time and also volume. When you sort by volatility, you’ll see some ratios which could help find the most volatile stocks of the morning.
As an options scanner, BlackBox Stocks automated trading algorithms scanner shines. This is arguably their most popular feature! For example, I traded Apple options just today based on some of the option’s “flow.”
What I saw on $AAPL met all of my checklist criteria. Increased stock volume is one of my key signals that a move is set up!
The setup was perfect. An extended hours gap up. A wedge pattern. Price right at moving average support and right below angular resistance. Next, once the market opened, I filtered the BlackBox stocks options scanner to show me the $AAPL flow.
I didn’t need to look at other options because THIS was my trade plan! So filter out the noise and stick to the plan.
Black Box Stocks Options Flow
When specific options flow is highlighted, I get the trades placed in real-time. No delay! Ever! Based on the chart setup and the flow. I entered five calls on AAPL for a 1/25/2019 expiration.
Short-time options trading is considered extremely high risk, and you should not attempt it unless you are experienced in the craft.
The Black Box trading team is very much of the same mentality. You’ll hear them talking about option flow often and see them showing option flow in the rooms and their private Twitter.
Those types of alerts combine with education go a long way. The more you know, the more you grow, as they say!
So this is the beauty of the options scanner. You can chart your stock, find your “trading edge setup,” then check the options flow to confirm what the “big money” is doing.
Finding an options flow that aligns with your setup is key to using their options scanner. However, don’t trade to trade. Instead, know what each category means.
With this in mind, realize that swing traders and premium selling options traders are also ending up on the tape. Knowing how to interpret that will be important to your success using the scanner.
Remember, it’s all about how the information from Blackbox stocks lines up with YOUR trading edge! Check out a list of the top trading companies.
Penny Stock Scanner
One of the cool features for penny stock traders is the OTC scanner setting. But, of course, you must accept their disclaimer before activating the scan setting.
But once you do that, you are up and running. You’ll find all the hot-moving penny stocks of the day—no need to follow Gurus on Twitter. Just sit back and let the scanner do the work.
Once that is unlocked, you’ll see the top alerts in the bottom left-hand corner that cover the top penny stock alerts. You’ll also find the alert log and volatility indicator. Some of these stocks have huge gains!
Take a look at OMSH. Up 750%. Penny stocks can be shorted, too, so it’s not just for long traders. Check out speed traders or interactive brokers if you want the best shorting broker.
Be sure you know the risks ahead of time with OTC. Do your research before you buy and sell anything, and have a trading plan.
Automated Trading Scanner
The BlackBox Stocks automated trading scanner was designed by traders for traders. What makes it so special is an entire team of traders on a discord server who are extremely helpful and knowledgeable.
When you sign up for BlackBox, you’ll get access to the scanner and their private discord server. They have multiple rooms with different mods with different styles of traders. So you’re in good hands as a member of their discord.
On the private discord server, there is voice chat, and you’ll have the opportunity to talk with others, hear callouts, analysis, and much more.
They also have Q and A sessions, private Twitter alerts, and weekly webinars.
Dark Pool Scanner
Check out the image below. I could sort all the $SPY data (which we trade). Now under the alert stream tab, you can see all the dark pool orders on $SPY (or any stock you filter. This is key to understanding major support and resistance zones and what big money is doing.
If you don’t know what dark pools are, I suggest you google “ghost exchange” and watch it if you can find it on Amazon Prime or Netflix.
Ghost Exchange dives into the crazy state of stock markets and their effect on America’s financial future. The market has become dark pool infested. Gone is the world of human trading from the majority of the markets.
We now have computer algorithm trading- where stocks are held and then traded in a few microseconds. If you monitor the stock market with this tab, you’ll see these dark pool prints happen in real-time.
Watching the documentary will have more of an effect on you; if you don’t understand dark pools, do further research! I regularly check the dark pool index.
Black Box Stocks Stock Price and Symbol: Are They Publicly Traded?
Black Box Stocks is a publicly traded company on the Nasdaq Exchange (NASDAQ: BLBX).
How Much Does Black Box Stocks Cost? (Pricing Review)
How much does Black Box Stocks cost? They have a monthly option for $99.97. The yearly option is $959.
If you have questions about the platform, they are there to help, and you can always ask us too! They want to see you succeed in the long term and understand the scanner; a lot goes into training you how to use it.
So take advantage of the discord while you learn the best way to use the BlackBoxStocks Scanner! Also, make sure to check out our trading tools page because we have so much information on the tools that are out there in the stock market. If you know your way around trading, trading with Black Box is fun and profitable.