Trade Prospector Features

1.	A Daytrading Support/Resistance panel which will give you the key intraday price levels to use during the next trading day for each stock you select. We use our unique multi-temporal intraday support/resistance projection algorithms and also identify other key levels of support and resistance and breakpoint boundary levels. Daytraders can use this information to know what the most optimal price levels are for going long at support, closing a long trade on a failure to clear a resistance level, shorting on a penetration of support, closing a short on a bounce off support, and identifying good trailing stop price levels.
2.	Both daytraders and option traders can use the Volatility Compression Signal panel to see which stocks are currently undergoing volatility compression. The information presented here identifies each security currently in a compression, what the level of the compression is (4, 6, 10, or more days). Since securities in compression typically make a large move when volatility snaps back to normal - this panel also identifies the target breakout/breakdown price levels that can be used to set buy and sell stops in confirm and capture the resulting breakout or breakdown. Option traders can use buy stops contingent on the underlying to enter call and put positions.
3.	The Trending Stock panel presents the list of stocks in descending order of their current trend strength and direction (it also compares it to previous trend strength). You can also use this panel to only look at stocks in an uptrend or downtrend or lookup a particular stock's trend information. This information can be used by traders to modify their trading mechanics (e.g., when the stock is highly trending many traders switch to a trailing stop based on a moving average and/or significant change in the strength of trend). Option traders like to enter positions on highly trending stocks in order to use the trend to leg into zero cost basis spread positions.
4.	The Comparative Trading Range Index panel presents stocks listed in best to worst order for purposes of daytrading and which are especially good candidates for using the intraday support/resistance trading method.
5.	The Breakout Pattern panel shows stocks which have just signaled a breakout pattern and identifies both breakout confirmation AND failed breakout confirmation target trade entry prices. Upon entry, you will usually begin a trailing stop with either the alternate confirmation price or with the appropriate breakpoint price level found on the Daytrading Support/Resistance panel.
6.	The Breakthrough Momentum panel identifies stocks which have signaled breakthrough momentum with strong volume. Traders can take advantage of the information found here to "jump on the bandwagon".
7.	The Key Crossover panel lists stocks which are at or near a crossover of key moving averages. These are strong candidates for subsequent daytrading using the information on the Daytrading Support/Resistance panel based upon the stock's actions at the moving average.
8.	The Multiday Trading Pattern Trigger panel lists stocks signalling trades based on our trading pattern recognition algorithms. The panel also identifies target entry prices to use as buy and sell stops.
9.	For option traders, the Option Analytics Calculator provides a full function option calculator which the trader can use to compute option greeks, implied volatility, and price movement to double, probability of expiring in or out of the money, and project the impact on option premium of time, price, and volatility.
10.	The Underprices/Overpriced Options panel lists option contracts which are trading substantially below or above their theoretical price (i.e., have an implied volatility significantly different from their historical volatility). Underpriced options can be good candidates for volatility plays or for buying cheap options for speculation or as insurance. Overpriced options can be used by those traders looking for good option selling candidates. This panel also presents the implied volatility of the option, the historical volatility of the underlying, and the short term 4, 6, and 10 day volatility of the underlying so that the trader can better understand the volatility aspects involved rather than merely comparing actual price to theoretical price.
11.	The Trading Range panel can be used to view the projected trading range of stocks from now until the expiration date of each month in the future. This projection uses both a volatility based probability projection and historical trading range information. It can be used by option writers and straddle/strangle buyers to evaluate trade candidates.
12.	The Unusual Activity panel identifies options with unusually high volume relative to their open interest and/or extremely high daily volume. This often is a precursor signal of insider or "in the know" trading.
13.	Charts - you can hyperlink to a chart from most panels where stock symbols are presented.

We also have a variety of new features and ergonomic enhancements which will be available in a free future upgrade release, as well as several new free add-on components for both equity and option traders.

The software provides a lot of features. Most users will specialize much of their trading around only a few of them.

For instance, the trade results presented on the website were achieved almost exclusively by the trader using the information on the Volatility Compression, the Multiday Trading Pattern Trigger, and the Breakout/Failed Breakout panels.

Other traders have had excellent results focusing their trading around daytrading some of the top stocks listed on the Comparative Trading Range Index panel using the intraday price levels found on the Daytrading Support/Resistance panel.

Still other traders may decide to trade only Breakthrough Momentum stocks, letting "jumping on the bandwagon" make money for them.

Once equity traders have entered a trade using whatever signals and information they like, the breakpoint prices shown on the Daytrading Support/Resistance panel can be used to set informed trailing stops so they let their winning trades run until the market tells them when to close the position.

Option traders may decide to use the Volatility Compression panel information to buy straddles or strangles based on the presented breakout/breakdown prices or may simply choose to position call and put buy stops contingent on the underlying price at those price levels. Or they may decide to focus their attention strictly on selling high return covered calls or high probability spreads. Still others may choose to leg into near zero cost basis spreads or lockin no risk conversion profits on highly Trending Stocks.

We will also regularly provide a free newsletter to our community which discusses key market action, examples of trading with Trade Prospector to help you further improve your profitability, trades we're in or plan on taking, etc.

Finally, we are also always available to discuss trading and the use of Trade Prospector via email or through the newsgroup/bulletin board we will have available early in the new year - our goal is to help traders trade better and more profitably.

To pre-register for your no obligation, free trial of Trade Prospector, click here - and if after you've given Trade Prospector a try and have decided to join our community of profitable trade prospectors, you'll only pay $399 and also receive our regularly published trading bulletins as an additional benefit - that's of course in addition to our standard one year of free upgrades and enhancements.

If you'd like to continue your tour and take a peak at some of the other products we'll be introducing to compliment Trade Prospector, click here