Trade ideas unearths profitable trading and investment opportunities
To pick the right stocks, traders and investors have to work through thousands of them to uncover the ones with real potential for big wins. Taking into account the countless factors that can affect the performance of stocks, this is a humanly impossible task.
Fortunately, you can trust technology with this heavy workload. Stock screeners can quickly sift through the thousands of stocks listed on stock exchanges to provide traders and investors with investment ideas that meet their criteria.
The aptly named Trade Ideas is such a stock scanning tool. Developed by a group of FinTech entrepreneurs in 2003, Trade Ideas has grown to become the preferred stock screener choice for day trading.
What makes Trade Ideas stand out from other stock scanners?
Trade Ideas is more than a stock scanner; it is an advanced trading tool. In addition to customizable and pre-built scans, this comprehensive trading tool offers a host of useful features.
Trade Ideas features
- Top-rated intraday stock scanner – the stock scanner – is the core of the platform. It scours the stock exchanges for hidden investment and trading opportunities.
For inexperienced users, there are pre-configured scans. The more experienced can set their own filters to customize their stock searches.
- Holly AI – a virtual trading analyst that uses three different algorithms to beat the market. Holly AI scans the market, evaluates stocks, makes trading suggestions, and executes trades. The system has proven itself as a master trader, having increased its own portfolio by 70% in two years.
- The Oddsmaker – Do you want to simulate a trading strategy using historical data so you can see if it is a viable option without risking any capital? Trade Ideas’ Oddsmaker allows backtesting, providing valuable data such as the equity curve your strategy produced among a host of other metrics.
- Brokerage Plus – Brokerage Plus enables automated trading. The model connects directly to a user’s brokerage account, enabling them to place trades based on real-time data and predefined strategies.
Performance graphs and statistics keep traders informed on the performance of their trades.
- Charts – This feature allows users to see scan alerts. The number of chart windows available depends on the subscription plan. Users can also trade directly from these chart windows.
What if you have no investment or trading experience?
Investing in the stock market and trading stocks carry risks. If you don’t know what you’re doing, the odds of making profits are against you.
Not to worry. Trade Ideas has you covered. The platform offers various learning opportunities to teach beginners and encourage traders who want to improve their skills.
1. TI University
You can subscribe to the Trade Ideas Educational Channel to learn all you need to know about the platform itself and trading or investment skills. The channel offers tutorials, instructional videos, and webinars that cover, for instance:
- The Trade Ideas User Guide
- Brokerage Plus
- Trading Signals
- Chart Trading
- How to find perfect entries in stock trading
Every conceivable topic is covered, and users can choose how to learn: via daily webinars, self-paced learning, or even one-on-one training if needed.
2. Trade Ideas Trading Room
The Trade Ideas Live Trading Room provides a vibrant online community where traders of all levels can interact with each other. Users can connect with their brokers and watch professional traders plying their trade with their own money.
Access to this facility means you never have to trade in isolation, which is not the best idea. The value of this type of community lies in the support you get and the different perspectives you may encounter, which can spark new trading ideas.
Whether you’re a seasoned trader, new to trading, or still testing the waters, this feature is available for all users, with or without a subscription.
Trade Ideas pricing
Trade Ideas is a SaaS (Software as a Service) platform. Subscribers sign up for one of their two subscription plans which provides access to a suite of advanced tools.
Trade Ideas does not offer a free plan. Instead, the company provides so-called “Test-Drive” events for two or three weeks every three months. Access to alerts about these events is available on the Test Drive FAQ page.
- The Standard subscription is $118 per month or $999 if charged annually, which comes down to $84 per month.
- The Premium subscription is $228 per month or $1,999 if charged annually, which works out to $167 per month.
Users have to weigh the benefit of more flexibility with monthly payments against the higher cost that goes with this choice.
Should you opt for Trade Ideas Premium?
Trade Ideas Standard and Premium plans share a host of outstanding features, including:
- Pre-configured scanner layouts
- Real-time streaming trade ideas and price alerts
- Real-time simulated trading
- Live trading room
- Charts (up to 10 open windows for Standard users and 20 for Premium users).
However, some of the most advanced and exciting features are lacking for Standard users. Trade Ideas Premium includes features that put traders at a real advantage when it comes to trades that yield profits.
Let’s have a look at some of these features exclusive to Premium subscribers.
Al-assisted trading
Holly is a powerful artificial intelligence assistant that uses algorithms and software to crawl the markets and analyze market data, so it can signal traders when to enter or exit a trade. The signals are statistically weighted.
Combine this with the ability of the algorithms to analyze and make sense of historical data, and Trade Ideas users have an almost unfair advantage over other traders.
Do you need proof? Here it is. Holly AI has consistently outperformed the S&P 500 for years. This remarkable feature is exclusive to Premium users.
OddsMaker
Oddsmaker is Trade Ideas’ backtesting engine. This tool allows Premium subscribers to backtest their trading strategies and receive visual feedback on how they might play out. The system can produce an equity curve that illustrates the performance of a trade.
The insights traders gain from Oddsmaker limit their risks by helping them make more informed decisions.
Leverage Brokerage Plus to automate your trades
Premium subscribers can access Brokerage Plus to automate their stock trades. You can connect Holly to your broker, and the software will identify high-potential trade and investment opportunities and automatically start managing your portfolio.
With these advanced features and capabilities, opting for Premium would be the smart choice. If you are on a tight budget, Standard might suit you better for the time being – at least until you’ve earned enough profits to afford an upgrade!
Whether you are a trader, an investor, or a financial professional, Trade Ideas is a premium tool you can’t afford to ignore. Click here to find hidden investment opportunities and grow your portfolio.
