Common Pitfalls

There are several common pitfalls that new users of TradingSolutions encounter. These can sometimes delay the learning process, so it helps to be aware of them before starting out.

·      Worrying About Which Options To Select

TradingSolutions is a very comprehensive software package with a lot of options that can be changed or modified. This large number of options sometimes causes confusion with new users who are unsure what settings to choose.

Fortunately, the best settings are usually pre-selected for you. In most cases, the default selection for each option will usually give you the best results, especially when starting out. As you learn more about the software, you will learn which options you can modify to improve them even more.

·      Concentrating On Individual Stocks

An important thing to understand about technical analysis is that some stocks are much easier to work with than others. Because of this, it is possible to obtain very good results with some stocks quickly, while other stocks may not yield good results at all.

If you have trouble getting good results with specific stocks, the problem may not be with your approach, but with the stock itself. The best results are often achieved by starting with groups of 20-100 stocks and refining the best performers from within the group, rather than working with stocks one at a time.

Ä    Note: The stocks in the Solution Service are often a great place to start when trying new techniques. Many of these stocks were found to produce good results with several different approaches.

In addition to these common pitfalls, this help document also points out many things to be aware of when working with particular sections. If you ever feel lost or unsure how to proceed, just ask for help. For more information on getting help, see Getting Help.