Best Choice Software www.bestchoice.com

The software is NOT seasonality trading.

The software takes the last X number of years and looks for a Y period (2 days to 10 days) that during X the stock has either a. gone up or b. gone down.

So in affect your looking for something that "you" want to see based on nothing but coincidence.

This is called optimization.

seasonality trading has been around for years ei: Sell in May go away etc, etc...

you don't need any software to seasonal trade


THE SOFTWARE IS USELESS

 

Byculla, can you help us with this calculation?

Seems GOOG dropped $68/share after announcing earnings. Question is what is the apparent loss or gain on Aaronsales' puts?

Let's see, on .60 per share, Option was $20 OTM is but now $35 ITM......I'm having a problem with my calculator......

Oh yes, since he sold 2 puts for a free trade on the remaining 3 puts, can you please calculate his gain on the remaining 3 puts?

I suspect that by morning the stock will be up, but what the heck, when it's free it's a heck of a ride.

Congrats to Arronsales
.

 

2 BC trades i'm considering

SHORT on DRYS from around, 7/22 to 7/29 -- but the chart looks like it wants to go down now. -

SHORT on SOHU from around 7/18 - 7/25

LONG on CEO 7/20 - 8/02 ..

------

Looking further out the software has LONG on DRYS from 7/31 to 8/8 .. --

----

I'll let you guys know how i did when the dust settles

 

I closed my GOPTB puts @ $2.10 today.
I thought I might get a bigger bounce early on but didn't seem to be happening so rather than snatch defeat from the jaws of victory I bailed. Approx. $600 after commissions for $0 invested. I can live with that.

 

In regards to SOHU:
I bought 4 UZKUH @ .65 on 7-14.
The way I read the BCS the 14th would be the best day to enter but I may have mis-read it, I am counting on help from someone who actually owns the software at this point.
It looked like it could be a good put all the way to 9-1. What do you think about that time frame?

 

SEAONALS - DOES IT WORK??
That's not really the question. The question is - can a recurring pattern be traded? The answer is yes. But the pattern does not guarantee anything as 10 coin flips can also land heads in a row.

The idea is to wait for a confirmation or use a second technical validation before taking the trade. It's just a shame the proprieters of this business make it sound like a sure thing - and charge people $5000 with no money-back assurances if it doesn't work for you.

This is called a VERY LOOSE stop loss (5K loss with no training and little track record to back up the claims) and therefore as a trader would not be in your best interests. However it will make an assured great profit for the proprieters. That's called a SURE THING trade for the Best Choice proprieters and perhaps helps to explain the outrageous claims. :eek:

 

The following is an email I received from BCS. Instead of freely helping their customers understand and better benifit from their investment by teaching them, they want to milk them further by getting them to suscribe to their news letter.




Vol. 1 # 1 Aug. 1, 2008

Have you all been hearing that we are in a recession? What Recession?
Where? Certainly not at Best Choice... We just hired 10 new sales
people!!! Our users are making Money....

Welcome to the inaugural free copy of the Best Choice Software news
letter. This is the first issue of a monthly advisory subscription. The
purpose of this service is keep people informed on what traders are doing
to make money using Best Choice Software.

The letter will be divided into 5 parts each month. I don’t want to
waste time so it will be clear and concise. It will be about making you
a better Best Choice Software trader and making money. Here is the
format:

1) The past Month’s winning trade we alerted you to and how we traded
it.

2) Important and timely commentary of events can that affect us.

3) Methods from our most successful users.

4) Suggested trades for the Month ahead.

5) Best Choice Training


There will always be some space for reader questions, concerns, and
room for improvement. We will constantly strive to improve our service to
make YOU more successful.

Let’s look at the “Amazing Google”

1) As of Mid- July, our software (through the Seasonal-Cycle charts)
alerted us to the Google (GOOG) trade… The info on GOOG, was to go
short July 19 thru Aug 2. Based on the past history of Goog it went down 4
times in the last 4 years, meaning it repeated 100% of the time and it
had a Rating 4.3, (very good). This signal was picked up by most of
us, and acted upon. What was different this year and needs to be talked
about is the earnings date was 2 days EARLY this year. As Pete has told
you before, the earnings announcement date changes year to year. You
have to keep on top of this on your own, through either earning.com or
briefing.com. We will alert you of such event changes thru this
Newsletter from now on.

What was amazing about the GOOG trade this year is that prior to the
trade, the Market had been UP BIG 2 days in a row. We were willing to bet
on a big counter move and we told you about it in advance. All you
needed to do was look on the Linear chart (6 month setting) and see the
stock was in the middle and should move down to the bottom yellow line
which is near 490 and that’s where you can safely buy the Put. We
always recommend going out 1 Month for safety but some members bought the
July’s and did just fine. Average gains were not as good as in years
past. I personally bought the Aug 440’s (Puts) the day before right at
3:55 when the stock was 540 and sold them the next day when GOOG was
490 for a quick 25% gain. Nice trade! I can’t wait for the same
opportunity next year (or next Month), when we go GOOG Again.

2). Watch your Bank Account! Be aware of what happened to IndyMac Bank
in California recently. The bank was seized by federal regulators and
10,000 depositors with balances over $100,000 had their funds in
jeopardy.

FDIC only insures $100,000 per name. If you have more than $100,000 in
a single person savings account, the balance above $100,000 is not
insured. CNN reported that the IndyMac customers would receive half of
their money over the $100,000 limit and the remainder is tied up and
subject to the resolution of the bank.

You can either open a joint account with any family member, which will
increase your insurance by an amount of $100,000 per family member, or
you can open accounts in multiple banks.

Watch your Business checking account! They are insured only for the
$100,000. These are really dangerous times and Banks are not going to
notify you that they are in trouble. You’ll find out when you go there
and the doors are locked and there’s a long line out front. Take
protective actions NOW. I believe we are only in the third inning of this
miserable crisis.

3) Trader Inputs

Watch the VIX (Volatility Index) and set your online brokerage account
up with some of George Lea’s chart indicators (have you seen the
George Lea DVD yet? If not, call us). These indicators will alert you to a
break out (up or down) of the stock or option. George notes the VIX on
May 19 was starting to bottom (look at the MACD) and on May 23 did
indeed turn back up, signaling a change of direction for the Market. You
could have at that point bought Puts on any Market ETF (exchange traded
fund)… DIA, (Dow Industrial Average), for example. The VIX on that
day broke out to the upside on the chart indicators. It was easy to
follow and see. When the VIX turned up decisively, it was time to turn your
attention to the “weak sisters” of the Market… currently (and
obviously) the Financial stocks.

A quick check of Best Choice Software showed decaying price patterns on
the Linear charts (the 3 yellow lines) for all banks and brokers,
Citibank, Merrill Lynch, for example. You could have chosen any one of them
and bought the puts, with a tight stop, and had an easy ride. Go back
and study this time in history.

We think we are approaching such a watershed again right now, only in
the opposite direction… (Up in the market, down in the VIX…) Watch
for the Moving Average cross over’s “George Lea” style. (Again,
call the office if you don’t know what I mean by this…)

Further, for the month(s) ahead, it looks like the Market is testing a
bottom. Look at DIA. 3 Month, daily chart, DIA broke out on July 21 @
112.50. The 10 day Exponential Moving Average (EMA) crossed above the
20 day Simple Moving Average. The MACD (which is an indicator of change
of direction) is coming up and Williams % R (an oscillator which moves
first, telling change of direction) is above -25. The DIA has broken
above a trend line. The VIX on Best Choice software (6 months linear) has
spiked and is definitely in a downtrend.

The smart, Best Choice users are buying some stocks. The options are
still decaying but some stocks are in an up-trend. Example: George Lea
bought Dry Ships (DRYS), Walter Industries (WLT), and James River Coal
(JRCC). Take Chilean coal producer, SQM as an example, which he bought
also. It bottomed on July 3, tested again on July 8 & 16, all higher
lows. On a 6 month, daily the 50 DMA (day moving average) is definitely
acting as support & SQM price is going up making higher lows, the MACD
(moving average) has flattened out and is indeed going up from a way
oversold -2 and the Williams %R is testing the -75. All we need now is for
SQM to break out on the 10 day, hourly charts like it did July 16th, @
$42.

On the Best Choice software, we have a beautiful Seasonal long in Aug,
going into earnings. This stock should go up and we will buy the calls.
WLT, DRYS & CME are three more candidates, setting up just like above.
Study them for yourselves, wait for confirmation and catch the move
up.

In future editions we will discuss the ramifications of MACD, Williams
%R, simple and exponential moving averages for those who have not had
that much experience using them.

4) The Best ways to play the expected move…

The Google trade taught us that it was best to stay only 4 to 5 strike
levels out of the money (OTM) for either July or Aug. Google is one
play that will allow you to go with July options, even with 1 day of life
left. With GOOG, it only takes one day! See last April 16, for another
amazing example. Fun, to be sure, we made a lot of dough then too.

5) We have had many calls from owners lately asking for a good search
criteria for a Bear Market. Since, as many of you believe, we are in for
an extended period of declining prices, here is a good Wizard search:
Since earnings (or lack of) still do drive stock prices, search for
stocks over $15 a share, on all exchanges, with earnings for 1 year MINUS
30%, price growth for 1 year, MINUS 40%, options, of course, with Leaps
and heavy volume, over 700,000. You want to find stocks that the
Institutions are dumping. This search should serve you well in the upcoming
and ongoing Recession, where companies will be selling less of whatever
they make and therefore making less money.

Upcoming trades are:

DECK-long 7/23 to 8/04 80%, 5.2 Rating… earnings play
GOOG-long 9/08 to 9/23 100% 6.8 rating… good Linear setting up
DRYS- long 7/30 to 8/13 100% 12 Rating… good Linear also, watch for
the “GL” chart breakout.
SQM-long in Aug. Seasonal into earnings

In the next issue we will discuss all the different ways to play the
expected move of a stock and the worst ways to do so.

We hope you found this news letter informative. It will even get
better, issue after issue. We want everyone to enjoy making great profits in
the markets.

After this first free edition, you may continue to receive future
editions for only $49 per quarter for the next three issues or $195 per
year. That’s about $.50 cents per day; Less than a cup of coffee. Your
profit returns could be exceptional. This introductory price is only good
through September.

Sign up now by calling our office at 941-747-5858.

All the Best,

Scott Macbeth
Editor
941-747-5858

 

Over the last couple of months I did about 20 trades on a virtual account. Each trade was about $1000 and I confess that I did not go crazy managing them. I was willing to let the options expire worthless.

About 8 of the trades ended with the option worthless. The GRMN trade I mentioned earlieer was one. 6 more were losers. 6 were winners. The account went up $12000 baesd on these trades. The biggest winner was a UBB put that went from $2.85 to $15.60. Another doubled. The others were up less than %50.

I am undecided what to do about renewing the software. I am definitely not going to buy the $5k license. I might renew it again for $900 and do some real trades. If I make enough to renew I might do that.

The company offers very little beyond the software itself. I would also say that the software is somewhat dated as for ass th e user interface goes. There is very little from them to help with setups. So I have to figure out whether or not I want to spend the time with it.

 

As they say - "Take what you like and leave the rest."

DISCLAIMER: I have no connection to the company other than as a recent owner of their software. Also I’ve just started a local [to me] users group for the software, as I tend to do when I make a purchase like this. It helps me get more out of it.

After very careful serious considerations, and talking, FACE-TO-FACE IN PERSON, to folks who already owned the software, plus reading all the posts here on ET as well as other sites [boy some real loose cannons do lurk on ET], I recently took the leap and bought the life-time license. I believe I have realistic expectations, I don't expect over-night millions and miracles… “As Seen On TV” with those traveling road shows. I do expect a good probability edge and a unique perspective using the software. I see it as an important piece of “MY” puzzle, but not the whole picture, as nothing can be, or ever is.

Just my simple opinion, and keep in mind I'm new to their software and still getting the hang of it... but… I do like it. It comes with something like 15-20 GOOD video tutorials [I don't know if the downloaded trial version has that, you’d have to ask the company], and you can see their webinars free from their website [even without purchasing]. Plus I also bought the three DVD set they made with a user who does very well [a million plus NET per year, and very few losers] with the software, who reveals how he makes it work best for him and some of what he uses in addition to the Best Choice Software. The DVD set is very helpful, and the DVD user does not get overly complicated, etc. In his trading, he keeps it simple [and does very well]. Honestly I do need to go through them all again to get a better grasp of the best way to exploit the strengths of the software. By the way, contrary to what some have claimed here, you cannot do the same things with Blocks, TS, or OS, or ?, etc. I’ve tried and checked.

Also there are several active Users Groups and a Worldwide Yahoo! Group [Google their users groups]. If you’re thinking of purchasing, I recommend you go to one if you can, and join if you purchase. They also put on free webinars and free seminars/classes. Support… like with anything, is there if you ask for it, and I have had no negative exchanges with them. In fact they have been very kind and helpful, and with a good attitude. And that was before I started the Users Group, so I was not getting any special treatment. Members of our Users Group will tell you similar respectful and helpful treatment stories. In fact they speak fondly of the tech support and their other staff too.

The software, like all software, does have a few bugs, but nothing serious. Some of the formula calculations are not clear to me, but they are still meaningful and useful. Their data feed provider isn't the greatest but it's not bad either maybe 98%-99% glitch free. BC development people seem to be very interested in users in-put and continued development, etc.

BTW - After reading the posts here on ET, and before my purchase, I was impressed that the founder/programmer Pete ALWAYS took the respectful high road in the face of some, let’s say less than respectful or reasonable folks. Hey, if I created some software that people really wanted and could use and make money with, I’d market it and charge good money for it too… wouldn’t you?

I’m not their sale force, so please, any of your questions that I have not addressed please call the company, don’t e-mail me. Or go to one of the Users Group and meet REAL people using the software.

O my gosh did I really spend that much time writing this? I’d better go get a life!

Hope this helps.
P.S. I have not rated the software because I’m too newly registered with ET to be allowed to do so, or I would.
P.S.S. Sorry for my typos, run-on sentences, and bad grammar.
P.S.S.S. And for the loose cannons out there… let’s just say, I hope karma to be real!

Over and out.

 

Your company is [XXX deleted by Moderator]

Your software is USELESS and a WASTE of money.

Mods, since when does Baron allow FREE advertising ?