Investment Tools
by Dr. Invest




(note: information is not for investment purposes and soley for discussion and entertainment.)

One obvious truth is that you cannot really invest without knowing where you started and where you are going. If you invest $10,000, you want to know that your investment is growing. And if it isn't, you want to SELL SELL SELL.

You will see many companies offering trading software or stock investment systems for thousands of dollars. These systems only "look good" but really offer no special advantage over the many freeware stock tools available to  you without cost. And about that training for $4,000 that will make you double your money in three months... laughable. The only one who will profit from your $4,000 stock investment course are the people to whom you gave your money.

Let me explain, why. Imagine you have special software that tells you when to buy and sell... well so do 100,000 other persons who bought the same software. All of you are looking at the screen, seeing the same information and all buying at the same time. So what will happen to the price of the stock as each person makes their BUY. Yes, that's right, the stock price will climb. Then what will happen when your software says, SELL? OOPS! That software is telling everyone else to sell too...so only the fastest and most alert traders will make their SELL and reap a reward. 85% of the stock investors will loose on the trade as the price falls. If you watch MSNBC's Cramer, he will suggest stocks that everyone will buy the next day. The market will have a sudden move upward, making Cramer look like a stock guru. If you stay in the investment because you are a long-term trader, you will see a decline in the value of the suggested stock as everyone clamors to SELL before they incur more losses. This isn't the way to be a successful trader. (More about this later) So you need the right tools, whether you are a short-term, long-term, or swing trader.

JSTOCK - Freeware

Before you ever open a BROKERAGE ACCOUNT, you need to become familiar with the market where you are investing your money. JStock Software is free. It is like accounting software for stocks. It does lack some professional elements found in some of the for-pay stock software, but is an excellent way to start trading WITHOUT MONEY.

Trading stocks, ETFs, or mutual funds is not really logical, rather anti-logical. When everyone else has sold, it is the time to buy; and when everyone else has bought, it is time to sell. This doesn't make sense to the logic, but there is an intuitive element to trading that can only be learned by practice. (So do it without money first, then add money when you are certain that you can turn a profit.)

JStock Freeware will help you start building habits of record keeping and market observation that will make you a better investor before entering the market with money.