This post is based on an email I received from the SF IBD Meetup Group (most of it is copied verbatim)
There is a new startup company called SmartStops.net, that helps investors know when to sell.
Their solution is based on facilitating and optimizing the use of stop loss protection and making it easier for the investors to take protective action. At the end of each market day, they publish an updated SmartStop for each covered stock calculated for use the next trading day. If the stock falls and triggers its SmartStop, it is an indication that the stock has entered a downtrend and it is recommended that you sell the stock or take other protective action.
They monitor their member’s portfolios continuously and email them when a SmartStop is triggered. If you receive a SmartStop QuickAlert – Take Action.
Their algorithms are designed and maintained by Chuck LeBeau, a well regarded author on technical analysis. Their stops move closer to or further from the stock as trading patterns dictate to keep you in up-trends longer but exit you early in down-trends. Their stops are designed for investors more so than active day traders. They do not hug the stock close enough to trigger daily trades and do not adjust intraday. However, traders, as we know are information hounds and many day traders are early adopters of their solution.
Recent articles in Barron’s, Kiplinger’s, WSJ, Fortune and The Street.com can be found at:
They are always looking for feedback from experienced investors. A guy I know who works with them spoke with the CEO and he would like to extend a free trial offer to the IBD Meetup group.
The IBD Meetup Group Code Is: IBD90FREE.
This code will give all members 90 days free SmartStops Portfolio Protection Service at the 10 or 20 stock portfolio level.