Is Your Stock Trading Program Great or Just Good Enough?

When it comes to your money, good enough is, well

, not quite good enough. What you really want is excellence and greatness. You want your money to grow beyond your wildest dreams, or at least to steadily provide an income for years to come. If you're using a stock trading program to help make decisions, make sure that it's better than good enough. It should be great!

You might think that every stock trading program out there is pretty much the same. Since they're based on math, they must all be based on the same math. This, though, is totally untrue. In fact, there are many different ways to solve the problem of how to make financial choices in the stock market. Some of those ways happen to be better than others.

One way to find out if the program you're using really measures up is to check its history. For more well-established programs, you can get actual history about how they've performed for clients in the past few years. This is invaluable information, and you should use it to compare different programs.

When you make a comparison, make sure that you're comparing the same years. Don't use average gains and losses, for instance, if one stock trading program has been around for fifteen years and another has only been around for five. Instead, use monthly or annual gains or losses for those programs over the period of the same years.

You can also use theoretical information to determine whether or not a program is excellent. Many times technicians will test their algorithms by using the actual history of the stock market. Since you can look at the stock market history and see how things did turn out, it's easy to see whether or not your system is making the right calls.

You may, for instance, be able to see what a program would have had you do with your money in the 1990's or early 2000's. This is all theory if the program wasn't around then, but numbers are numbers, and the program doesn't care what year they're from. As long as technicians put in the information for each day correctly, you can get an accurate read on what type of performance to expect from your trading program. You should, of course, only go with the best program out there.

Is Your Stock Trading Program Great or Just Good Enough?

By: Tim Keeley

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