How does NaviTrader work?
Each day, NaviTrader generates stock picks using our market-tested strategies. NaviTrader presents these picks to you. You may enter the position or not, it's your choice. Whether you enter the position or not, NaviTrader enters the position as a "NaviTrader
trade." As conditions warrant, changes may be made to the NaviTrader trade. We may change the Stop Loss price, the Profit Target, or we may exit the position. If you have entered the position, you will be informed of the changes made in the NaviTrader trade so that you can contact your broker to make the changes in your trade as well, if you choose. It's that simple. Just follow the NaviTrader trade, and your results will be similar to ours.
How do you come up with your stock picks?
Our stock picks are selected based on proprietary, tested strategies developed by NaviTrader. These picks are selected from among about 5,000 stocks, which are analyzed each day after the market closes.
Can I place orders with my broker from your site?
No. The NaviTrader Web site is not affiliated with any broker. You may use any broker you wish to place orders, which are provided for you by the AutoPlanner™ in a simple, easy-to-understand printout which you can fax to your broker.
What size of account do you recommend to trade your strategies?
You could start to trade with an account as small as three thousand dollars. You will need to make sure that you use a discount broker so commissions will be minimized.
What parameters does the AutoSizer™ use to determine optimum position size?
The AutoSizer™ considers the following parameters in calculating trade size:
- Your account size.
- Whether or not you are trading on margin.
- The percentage of your account equity that you specify that you are willing to risk in any one trade.
- The current price of the stock.
- The stop loss price for the trade.
- How many current positions you have open.
- Your maximum number of stocks to trade at any one time.
Why do you keep all my past trades in a relational data base?
Maintaining all your trade history in a relational data base enables you to view a wide variety of reports and graphs to analyze your trading performance. They say that those who don't study history are bound to repeat the same mistakes. This is especially true in trading. Our collection of reports and graphs (including a Trade History report, Trade Summary report, Winning Trades chart, Equity Curve, and many others) provide you the ability to see the forest where most traders are stuck in the trees (or the weeds). This data also makes it easy to complete your taxes.
What time during the day do you recommend that I place my orders?
Most of our trades are placed at the open of the market, or slightly afterward (around 10 AM for some strategies). This allows you to place most orders the night before the market opens if that is more convenient for you.
When are the stock picks posted to the web site?
Stock picks are posted to the web site by 9 PM Eastern time each night.
Why is a trading log important?
A trading log provides you with the data to show you that you are trading correctly or possibly that you could make improvements. A trading log will provide you with the results of a series of trades. This answers a psychological need for a trader to see a larger sample size of trades to maintain a sufficient confidence level. Without a trading log, traders tend to focus on only the past few trades. If these trades were losers, their confidence level is diminished.
How does NaviTrader save me time each day?
NaviTrader analyzes about 5,000 stocks each night. The resulting picks are based on proven, backtested strategies and are then presented to you in an easy-to-understand format. All you need to do is point and click on the trades you want. Entry price, profit targets, stop loss, and number of shares to buy are automatically calculated for you. Once you enter your orders, NaviTrader tracks the progress of these trades and gives you meaningful analysis of the trades after they are closed. These reports and graphs eliminate the need for you to do the tedious work of keeping a manual trading log and further manual analysis.
What equipment do I need to trade using NaviTrader?
You just need a computer with Internet access and a Web browser to view the NaviTrader Web site. Your trades can be placed with an online broker or with a traditional broker. The AutoPlanner™ will generate your orders in an easy-to-understand display each day.
How many picks does NaviTrader produce each day?
Depending on market conditions, there may be up to ten picks, and in unusual cases, we may not have any picks for a given day. Our strategies are designed to only provide picks when conditions are optimal for making profits.
How many positions do you recommend that I have open at any one time?
We recommend that you open between 4 and 8 positions at a time. Furthermore, we highly recommend you trade more than one strategy at a time. This enables you to "hedge" your trades, and enables you to trade both the long and the short side. This way, you are more likely to make money regardless of the direction of the overall market.
How long are most of your stock trades held?
Most of our strategies call for holding periods of approximately 2 to 5 trading days. Our TradeMinder™ system will tell you exactly when and where the NaviTrader system is closing trades.
Can you recommend a broker?
While we don't specifically endorse any given broker, we would recommend that you choose a broker with low commissions and fast execution. We do not recommend that you incur the cost of level II access. To obtain a broker recommendation, drop us a line at support@navitrader.com.
If the NaviTrader system of picking stocks is so good, why do you make it public?
The NaviTrader system of picking stocks is not made public. Only the results are published. Why? For the same reason that the founders of a well-known soft drink company didn't produce their drink (whose formula is kept secret) only for their own private consumption.
How many stocks do you follow?
We maintain a database of about 5,000 stocks from which our selections are based.
Do I need NASDAQ Level II?
No. In fact, using Level II will only cause you to second guess your established trading plan, provided by the AutoPlanner™ each day. Remember, those that fail to plan, plan to fail.
I have seen other sites give vague buy/sell signals. Do you give exact entry/exit prices for the stocks you pick?
Yes, we give exact directions on every trade, including entry price, profit target, stop loss price, number of shares to buy or short, and the exact order type to use. The stop loss and profit target orders are updated each night while the trade is still an open position.
Does NaviTrader require a large amount of time?
We make all picks available to our subscribers by 9 PM Eastern time. This gives our members plenty of time to enter their trade before the stock starts to trade again the next day. Our system is easy to learn and follow. You do not need any previous trading experience in order to use our system. Required time is 5 - 15 minutes a day, 5 days a week.
Do I have to do heavy research or trade during the day making split second decisions?
The short answer is "no." However, NaviTrader encourages all of its members to stay informed on market trends, and don't take any position unless you are confident that you will be making a good investment. While NaviTrader will do a great deal of the research and decision-making associated with the trades that we believe are good investments, you are strongly encouranged to verify and validate these decisions.
Does your NaviTrader work in a bear market?
We feature both long and short strategies that are profitable in both bull and bear markets. You may subscribe to as many strategies as you wish.
How do you explain your success and the large following that you have?
There are several reasons for our success, including the variety of NaviTrader strategies that provide profit opportunities for any trading style. Our members are satsified by our outstanding performance and the fact they only have to spend 15 minutes a day to share the benefits of this performance. Also, success in the markets is 80% psychology and 20% technique. We address both issues. Our AutoPlanner™, AutoSizer™, and Trade Analyzer keep you focused on proper execution, while our mathematically proven strategies provide outstanding trading candidates poised for quick moves.
Are commission costs high for ordering NaviTrader stock picks?
We can recommend several brokers that will provide great service and the commissions are as low as $1 per 100 shares. For a recommendation, drop us a line support@navitrader.com.
I am fully or partially invested in the market. What would you recommend I do after subscribing to a NaviTrader Strategy?
In general, we find that most people take on too much risk in their portfolio. Either they have most of their money in one stock or sector or they hold onto losing positions instead of admitting their mistakes. Our system is a smart money management system that everyone can use and follow easily. While selling losing positions may be painful, it is a necessary process to get you on the right track. Give yourself several weeks to analyze and develop trust in the NaviTrader picks. Once you do, it will be an easy choice for you to decide how much you want to invest using the NaviTrader picks.
Are you an investment advisor or a broker?
No, we are independent traders with years of experience in the markets.
How much available capital do I need to get started using your system?
There is no minimum amount needed to get started using our system.
What exchanges are your picks traded on?
We cover stocks that are traded on the NASDAQ, NYSE and AMEX.
I don't reside in the United States. Will the difference in time zone affect my trading?
No, we pick all stock by 9 p.m. US Eastern Time for the next trading day. You would have at least 12 1/2 hours to place your orders before the opening bell on that trading day.
Do I trade with my own account or do I need to open an account with you?
We provide our members with trade signals. To execute a trade, you will need your own account with a broker. The AutoPlanner™ will provide you a neatly printed daily trading plan, making it easy to enter your orders. We even provide information on the trade plan that enables you to fax it directly to your full service broker if you use one.
How do I cancel my membership?
Simply Log in, then click on the Registration link, then click on the Cancel Subscription button. This will prevent you from being charged when your current subscription period expires.
How can I hedge my portfolio using NaviTrader?
NaviTrader uses three different strategies (GainMaker,™ ProfitEye™ and TopSeller™). We highly recommend you subscribe to our Navigator service, which provides access to all three strategies. We suggest you set up three accounts, and name them after the three strategies. You should consider managing your risk by placing one-third of your trading capital in each account. Treat each account as a separate entity. If a particular strategy does not have any picks for a given day, and you have no open positions in the corresponding account, then that account would remain in cash that day. You only want to trade when the odds of winning are in your favor.
