Will the real stop loss please stand up! Where’s Gordon Gecko when you need him? “Blue Horseshoe loves Anicott Steel!” and you’re going to love this iPhone app. Actually this app is all you need if you’re on Wall Street, Main Street, or even little ol’ Maple Drive in the middle of nowhere. Real Stop Loss by Steandpier is an iTunes App that helps you protect your gains and limit your losses.
This iPhone app is very simple to use. You will be prompted to enter your stock symbols right away and a pop up keyboard will allow you to type in one or multiple stock symbols. If you have multiple stocks simply insert a space between each ticker symbol. Once you have entered your stock information you can use the sliding bar below the symbols to adjust the risk level from 1 to 7. The pull up menus and touch buttons are simple and effective. Once the risk level is set and your stocks are entered you simply hit the calculate button. A very simple process that will quickly pull up the vital info you need to make the deal of the century!
Hand Held Stock Exchange:
This iPhone app is designed to provide information that will allow you to make educated decisions. In other words it’s like talking to Gordon Gecko personally! It is not limited to the NYSE either as it also includes international markets as well. Once you have entered a stock symbol or symbols and had them calculated the next screen will give you up to date information on each stock, including its most recent closing price and a suggested ‘STOP’ price. Each symbol is also touchable which will send you directly Yahoo Finance and a whole universe of information as it pertains to that specific stock.
The STOP Philosophy:
Imagine Gordon Gecko and his team of money makers all huddled in the giant marble and glass board room. You know what they’re doing right? They’re waiting for you to input your stock information! Once you’ve done that the brain trust quickly formulate a STOP price for your stock and your desired risk level. This STOP price is a suggested but highly calculated price that is designed to be your price to sell before taking a loss. As the stock begins to trend upward this app then begins to provide the TAKE PROFIT price. Remember to ALWAYS move your stop prices upwards. If the calculated value is lower than your current stop, DO NOT update it.
Real Stop Loss [ iTunes Link ] requires iPhone iOS 4.0 or later and is compatible with iPhone, iPad and iPod Touch. A small expedite fee was paid by the developer to speed up the publication of this review.
The iPhone app review rating: