Halloween has come and gone, but our team still has some treats for you. As most of our TradeSmith subscribers know, we’re always seeking to make our programs even better for you. Our latest updates will help you compare investments and manage the notifications you get from us.
Let’s dive right in and discover the sweet treats our engineering team has cooked up this time.
The first update will help those of you who are perhaps stuck between picking two tickers. With the holiday shopping season coming up, for example, you might think retail stocks are a good bet. After all, shoppers will be spending oodles of money from Black Friday all the way through the New Year.
Of course, you know that at TradeSmith, we don’t just make blind bets. Our system can take your initial idea for stock trades and flesh them out with technical analysis. Our latest update will let you compare two stocks.
Let’s say you’re thinking about investing in either Walmart (WMT) or Target (TGT). Both tend to do well on Black Friday, so you’re thinking about investing prior to the shopping bonanza. To compare these tickers’ performance, you can start by searching for, let’s say, WMT with the Stock Analyzer.
The normal performance chart and other data will appear, but there’s a new feature. It’s called Comparison.
Simply click that, and a Search for Ticker box will appear. From there, you can add another ticker to compare against.
As illustrated above, the chart will compare the two selected tickers. In our example above, Walmart is the blue price line, and Target is the purple price line.
The performance of these two based on price is pretty similar, though Target did have a nice run up a few months ago. With such a similar performance, making a decision solely based on price could be difficult. But there are other cases where price can make a bigger impact on your investing decision.
Let’s look at Dick’s Sporting Goods (DKS) and Under Armour (UAA). Once again, we can use the Comparison feature from the Stock Analyzer.
In the example above, DKS is the blue line, and UAA is the purple line. While both had a slight downturn earlier this year, Dick’s has continued to climb while Under Armour has remained rather stagnant. You might decide that the climb in performance makes Dick’s a better investment for you, depending on your investing style.
Setting for System Notifications
Our next update is targeted at your watch list positions. We understand that some of our customers don’t necessarily want to receive system notifications on positions that they don’t own yet. System notifications would include ex-dividend and VQ change notices.
Why would you want to use this feature?
Well, if you don’t own the position, you wouldn’t be collecting dividends on it. Knowing the ex-dividend date could be useful for future reference, but it won’t have any impact on your current investment portfolio. You aren’t collecting those dividends!
And, while knowing about changes in VQ are nice, the VQ might not be the strategy you’re following. If you’re using the SSI and are awaiting an Entry Signal, changes in VQ might not matter as much to you. Plus, when the position does trigger an Entry, you could easily go to the Positions & Alerts page to see the current VQ.
Turning off system notifications for watch positions is easy. Just go to your Settings, click Notification, and scroll to the Additional Notification area.
By default, watch positions will get the system notifications. To turn this off, simply toggle the button to select “No.” Then, save your changes. It’s that easy!
There are even more exciting updates in the works here at TradeSmith, and the next one is coming at the end of this week: the latest LikeFolio report. This month’s report promises to be jam-packed with fantastic customer sentiment on an apparel and luxury brands stock you won’t want to miss. Be on the lookout, LikeFolio subscribers!
Cycles and position sizing are connected, believe it or not. We looked at the philosophy of legendary billionaire, Howard Marks, in our latest editorial. You won’t want to miss it, so be sure to check it out. It’s truly amazing how cycles can potentially help improve your odds of investing success.
Enjoy Your Updates
We hope that you enjoy the updates our engineers have created this week. The team works hard to implement the features that you request and to create features that can help you potentially succeed in the markets. The comparison feature can help you analyze two stocks simultaneously. The system notification update will ensure that you aren’t bombarded with too many emails.
As always, if you have any questions, please let us know. That also includes feature requests. If you have an idea on how to make TradeSmith even better, we’d love to hear it. You can reach us at [email protected].
TradeSmith Customer Success Team