Comments from a DreamTai member: ( My answer in black)
I just bought your software and like it so far. It seems more precise than something like Clearstation.com which gives buy and sell signals based on technical indicators.
One suggestion is that there should be a way to have more than one list. Maybe I am missing something but seems there should be a way to set up a list of stocks I own and a watchlist of stocks I am interested in buying plus other lists as well.
Yes Sir!!! That is the next thing I am going to do in the next release!!
The user will be able to select from multiple watchlists.
There's this window that is always open, on my computer when the software is running, that says C:\WINDOWS\System32\cmd.exe. I can close it and the software seems to run ok.
Please ignore the window. That window is used for running Java. DreamTai is programmed in Java. The reason I have coded it in Java instead of C or C++ is that it will not interfere with your computer's registry and operating system at all.
It will not make changes in registry or cause any other serious effects. It installs in a single folder.
All the price files are downloaded in that folder. All the reports and screenshots are in that folder.
To un-install DreamTai, just delete that folder, that is it. So, there is no virus, spyware problems. I just do not want to touch your computer in any way.
Being able to enlarge the charts would be great. Why does the last price for the most recent day seem to be real thick and darker than the previous days? I would appreciate a daily chart and not 3 day charts on the reports.
The latest price is Bolded for emphasis and clearity. So the user can immediately focus on where the latest price is at.
The reports have daily charts, not 3 day charts. Please tell me if you get a 3 day chart for any stock. Which stock was it ?
I would be interested in what goes into the stock power ranking system. It seems to be very on target and is definitely something I will use in conjunction with other services like IBD, Barcharts.com and Stockcharts.com that you have already mentioned and that I use already. It is easy to understand and I don't think you need to decrease the numbers after the decimal point, as someone mentioned, unless you want to.
Candelsticks would be great! Larger charts and volume - hey no harm in asking!
Thanks for the great software!
Yes, currently the charts need to be improved. It is an item in the future releases. Also, candlesticks will also be there in future releases.
Here is the link for the page which shows how DreamTai works
http://www.dreamtai.com/trial/ebayvdo.html
We use 4 factors to filter a trade so that it works in our favor.
1. High volume in direction of Trend
( as shown by the Power Ranking)
If you have 100 or 200 bullish stocks, use power ranking to find which has more power (buying volume) than others and use this criteria to select stocks for investing.
We use the volume in the Power Rankings. No one can argue with volume. If an investor feels like shorting a stock or some stock analyst is downgrading a stock but at the same time,
some hedge fund is secretly buying MILLIONS of stock, the volume will tell the truth and the stock will increase in Power Ranking.
2. Existing Stock Trend
If the price bar is above the dotted moving average, it is bullish trend. If below the dotted average line, the trend is bearish
3. Momentum
This is shown by the color of the price bar. If the bar is green, the momentum is bullish, if red, the momentum is bearish
4. Money Management and Risk control.
DreamTai automatically calculates the amount to invest so that your maximum risk is 2 percent of your equity
Thus, we have four factors working in our favour.
1. High volume
2. Trend
3. Momentum
4. Money Management and Risk control.
This places the odds squarely in our favour. Of course, there will be some losers along the way and that is part of the game because we have risk management included in our strategy.
DreamTai uses a moving average of price to get the main price trend of the stock.
But the problem with using only the moving average is that you can not tell when the momentum of the stock is turning down, that is, the buying has slowed down and the selling has begun. For example, a stock may move up for the day, but intraday, two million shares were sold during the uptrend but 20 million shares were sold during the downtrend. This selling pressure can not be captured simply by price moving average. So, DreamTai uses the volume to find the momentum of the stock.
Also, if you have ten stocks in your portfolio, you need to know which stocks are strong and which stocks are weak.
DreamTai Power Ranking feature does an inter stock comparision so you can filter out and remove the losers from your portfolio and decide which stocks to buy.
One of the most useful feature of DreamTai is the money management feature.
DreamTai helps you to control your risk by specifying exactly how many shares to buy/sell. Novice traders tend to focus on the trade outcome and therefore do not think about the risk.
In contrast, professional traders focus on the risk and take the trade based on their proven trading system.
-Sincerely,
Sanjoy
