As a trader, why would I want to look at an investment research company and offer a Stock Rover review? That just isn't normal. Well, true.
However, Stock Rover isn't just a normal investment research company; I have used it to find trades as often as I used it for investment. There are a lot of “investment research” tools out there (check out a list of free trading companies).
We can use the metrics from the investment side to determine trade ideas. So, why Stock Rover? Stock Rover offers analysis tools. And this is the key point I want to focus on. Finding a good trade setup can sometimes be hard to do.
Even after a setup is found we still wonder if the setup can be trusted in the current market conditions. One way to thread the needle on this problem is to find the setups and check the metrics behind the pattern.
In this Stock Rover review, I want to highlight some of the key features I have used to measure various companies, looking for weakness or looking to identify strength.
The reason should be clear, if you think about it. Take the chip sector, for example. Why trade one chip sector company over another? Especially if the chart setups are both in a bullish signal.
The company with weaker numbers may be vulnerable to missed earnings or to negative forward guidance at earnings; causing the market to sell off drastically. I wouldn't want to close a position each time earnings circled around (watch us do trading live each day in our trading rooms).
In this Stock Rover review, there are several things we need to cover; screening, charting, research, advanced web application and connection with your brokerage.
I have to say Stock Rover was the easiest connection I have ever experienced. I now wonder why no one else can make the connection as easily!
Once connected to the brokerage, Stock Rover can benchmark your portfolio for performance, test for correlation to ensure diversification, run analysis, send alerts. And even offer portfolio re-balancing to correct drift.
I know, we can find a portfolio analysis tool anywhere now days. But can you find one that also offers charting, screening, web-based services, and research?
Research sounds good; until you start thinking about what kind of research we want to accomplish. I'm not a Wall Street investor with a degree in finance.
I don't have a background in corporate metric and data analysis. What kind of research am I going to be doing?
With Stock Rover, I can do an amazing array of research. Not only does it have pre-built research tools designed for someone like me, but also individualized settings.
As a result, a trained investor can develop their own metrics. The pre-built research tools include Piotroski F-Score, Fair Value, Altman-Z, Shiller P/E, and may other advanced metrics. Try our day trading room free for 14 days.
Stock Rover had me convinced when I realized the research was develop based on known metrics, but I wanted more. I'm a natural trader.
So my gravity tends to be focused on momentum. This was perhaps a bit short sighted. Stock Rover doesn't just have screening strategies for momentum, it also has 129 other pre-built screens!
Now, I like having things pre-built, but I have taken my time to develop a screening setup I like. I wanted to use my screener on Stock Rover. I wasn't disappointed.
There are over 500 different metric combinations to employ for screening, including historical data. To me, I had found the gold mine of data.
Ok, all this may sound great, but is it easy to use? Will you need to take classes and spend hours learning how to use these tools? No. This was the best part.
With Stock Rover, it has all the power of a Wall Street analysis and the user interface of a typical search engine. If you don’t want to develop your own tools, you already have the trading strategies from the biggest names in the business at the click of a button.
These Guru strategies come from such people as Peter Lynch, Joel Greenblatt, and Benjamin Graham! Apply these to help you rank a market, or a watch list of markets to determine which companies have the best score. It even has the famed CAN SLIM criteria.
A Stock Rover review wouldn't be complete without a close look at the charts. As a trader, I'm constantly developing charts that fit a lay-out to my tastes.
Which shows me what I am interested in without giving me squinting headaches. The real gem in the charting is what's on the charts (check out a list of the best brokerage companies).
You can plot the same metrics discussed above on a chart. Then compare those markets. Forget looking at a bunch of tables and trying to compare the numbers.
Run a scan, highlight strength or weakness, and plot that on a chart in comparison to another set of metrics. Stock Rover offers this; they also offer the ability to chart and compare one of your portfolios to another and benchmark those to the S&P 500.
We cannot have a review of Stock Rover without discussing the idea that no one wants to be at their desk anymore. With enhanced web-based applications, we are no longer forced to perform research chained to our trading rigs.
What I found interesting is the fact that the browser functions a lot like an application. I could detach panels and then collapse them or line them up in size to make comparisons.
I was able to eliminate a lot of different services. So I saved money by opening my Stock Rover account and closing some screening and alert services.
I like that, because I want to make money in the market and keep it, not spend it on more services.
I want to stop here a moment and look at what we covered. Investors can find all the tools for market fundamentals, fundamental analysis, benchmark, ranking.
And charting with an application that crosses from computers, phones, and tablets while connecting with their brokers to monitor their portfolios, set alerts, and develop trade ideas.
Traders can begin developing an investment portfolio based on predetermined research analytics without taking hours of classes to become an investment guru.
All while saving money by eliminating screener tools and alert services. This crossing between the financial trader and the technical trader can offer anyone an opportunity to become something more; an informed, well rounded market analyst.
One thing that Stock Rover does which I really found valuable is portfolio metrics. I like having my swing trade profit and loss compared to my investment portfolio.
When I want to develop a few hedge trades to protect my investments from a market down-turn, I was easily able to identify how big the hedge needed to be.
We never want our hedge to become the source of our risk. And this means we need to beta weight our portfolio. I spent lots of time learning how to do this on my own.
But I still needed to scrub through my monthly statements from my broker to identify where my accounts were at. All of that is now behind me, and I can easily identify how much hedge I need and where it should activate in a market correction. Try our swing trade room free for 14 days.
Wall Street analyst's should be upset with a company like Stock Rover, because it can turn the average trader like me into an investor trader.
While I'm sure there are a lot of actual investment people out there who are not active swing traders or day traders who would love this powerful tool, I am also sure I don't speak their language.
With Stock Rover, a professional trader and a professional investor can find a common form of communication; the ranking and screener analysis gives both types the ability to find what is important to them and display that in the clearest way possible.
I wanted to compare Stock Rover to another investment analytics firm, but I couldn't find one that offered the same powerful tools.
With all of this, what else could we ask from Stock Rover? Webinars. While I found the Stock Rover features to be very friendly and easy to use, I have to recognize that I have a lot of experience with charts, analysis, data, metrics, and web applications.
What about for the new person, who is not yet a trader or an investor? Stock Rover has a dedicated library full of videos and tools; support database, chartable metrics, sectors and stocks, industries, analyst ratings and estimates, cash flow statements, and so much more.
A new trader could begin an investing and trading career, right here. Take our basic stock course.
When I first started swing trading, I learned about stock rank or stock score and that became a powerful way to narrow down the marketplace.
I'm not interested in only the mega-cap companies, nor am I only interested in markets within a certain dollar amount; this can leave me with a very large pool of stocks to weed through.
The problem with ranking or scoring, is knowing the formula behind it. Stock Rover lets you develop the screener settings to weight criteria you find important or you can just choose the rank system built in.
The data is easy to understand, and easy to change as well. The best part? Stock Rover gives a very clear explanation for each and this can help you chose what is important if you are new and don’t know where to start.
So, after developing a ranking system or using the built-in features, you can begin weeding out the companies which do not compete well against their peers in an industry, sector, or any other criteria you want to measure it against.
From there, we can run a correlation to determine how many of these companies left in the scanner are running in the same influence and diversify our investments or swing trades to avoid exposing our portfolio. I
t really is that simple. Who ever said that investing is hard, did not have the right tools.
In this Stock Rover review, I covered a wide range of topics from web-based applications to pre-built scanning and benchmark metric tools to portfolio management and even investment analytics.
The ability to grow as a trader really comes down to the tools we use and our exposure to the marketplace. My personal trading style changed once I joined Stock Rover, and maybe that alone was worth the subscription to their services.
The changes in what I trade and how I trade it certainly increased my portfolio diversity and increased my ROI. In the end, this is what it is all about; the bottom line.
If you're interested in taking control of your portfolio and saving time in your search for the next investment while getting freedom from your office chair, then Stock Rover is the best place to start.
If you are new to trading and investing or are a seasoned professional this collection of professional tools will take you (and your portfolio) to the next level.
As with all things in the marketplace, getting a clear picture and planning for the future is critical. Look no farther than Stock Rover.
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