Wizetrade for Options Navigation Tools to increase the efficiency of trading GlobalTec announced today the launch of Wizetrade for Options software, a tool for options trading that combines cutting edge access to a wealth of information with the latest navigation capabilities traders need to make effective decisions effective negotiation.
In conjunction with the release of Wizetrade for Options, GlobalTec also released an upgraded version of Option Hunter software, its premier analysis tool for option traders. Option Hunter searches thousands of stocks, and tens of thousands of options in seconds, returning only stocks and candidates that meet the style option trade and the user settings. These candidates are then plugged into Wizetrade for Options Assessment Table below.
Based on a patent pending proprietary algorithm, Wizetrade for Options charts the real-time buying and selling pressures through green and red lines in five periods which are fully customizable to individual trade styles.
"The key to trading success by being consistent, finding something that works, then repeat the process several times," said John Larsen, president of products Wizetrade for Options. "These two programs help you do that by combining state of advanced functionality with an easy to navigate, which is fully customizable for any style of trade and risk tolerance.
Using Wizetrade for Options, any options trader can:
1) Track up to 15 titles at any time: Build custom baskets of Exchange-Traded Funds, cash indexes or large-capitalization, the CAP mid and small cap stocks that can easily be loaded to the overview screen a simple click of the mouse. The number of baskets is unlimited.
2) easily filter and sort options chains: In seconds, Wizetrade for Options that can help determine the best options or combination of options to fit commercial-style end-user and custom settings.
3) Effectively manage the trades: The end user will see at a glance open positions, pending orders, completed transactions and account equity all in the Trade Manager. Enter stocks, options, equities with options, spreads and straddles and strangles with a few mouse clicks.
4) Calculate the risks with the easy calculations determining entry, stop losses, profit targets, the risk reward ratios and account allocation has been simplified options-Wizetrade calculates the numbers for the user final.
5) Find new instantly: a calendar function not only shows what stocks have earnings announcement of stock splits or conference calls up, you can also type in any symbol and immediately see the vital company information that could affect the business.
6) Trade Journaling: An end user will be able to document each trade with one click, allowing an operator to instantly capture data in real time and the five cards, market conditions under which behind and characteristics of the channel option to store for future reference.
7) trade directly through an integrated broker: Wizetrade for Options is fully integrated with optionsXpress (NASDAQ: OXPS), a leading online brokerage, which means it is not necessary to leave the software to send commands. Easily switch from paper trade (practice mode) directly with the click of a mouse.
Wizetrade for Options is the latest addition to a full range of recognition software produced by cutting edge trend GlobalTec Dallas, an organization of investors nationally recognized training provider and software trading tools and training for individual investors. This range of products includes Wizetrade, 4X Made Easy, Commodities and CommandTRADE Explorer.
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Posted on January 10, 2010.