Friday 28 September 2012

How does the 1Wealth software actually work?


Things are going strong. Another good month. Sometimes I need to pinch myself. I have recorded a lot about my results each month but friends often ask for more info about what the software actually does. I’ll try to give a basic rundown, but forgive me if it sounds a bit vague because to be honest, even after running it for a year and a half, i still don’t know the exact ins and outs. As a user you literally just turn on your computer at the close of trade, click a few buttons and the program tells you what shares you need to sell and if so, what to replace them with. It is really simple so you don’t get too involved with the workings of it. My older brother is a complete computer dummy and he has been using it for 6 months without any hassles. In terms of how it works out what to buy it uses technical analysis. From what i can gather it is the most common way to analyse stocks when trading short term. Every stock has its own unique stock cycle, almost like a fingerprint, if you do enough analysis you can identify it. Once you have detected its cycle, everyday new information comes in on that stocks performance which updates that unique cycle....once you look at enough history you start to see the pattern over and over again. What the 1Wealth program does is it looks at thousands of stocks, watches where they are in their own unique cycle and when they detect a striking similarity in the pattern to say the stock will rise, they tell you to buy that stock...again, that is my understanding, i’m sure it could be explained better but like i tell me friends, i don’t know exactly how it works but it works and that’s the most important thing. I’m making about $1500 each week from running it so i couldn’t be more pleased with it.