BlackBoxStocks Review 2024: Learn About it Now

Black Box Stocks is a trading system that has been around since 2014. They have users in 42 countries around the world. It was created to make it easy for anyone to start trading stocks and options in the financial markets. Like in any industry, it is important to have as many tools and reports to make the best financial decision. In this BlackBoxStocks review, we will look at the pros and cons of using this platform and how to get started.

What is Black Box Stocks?

Eric Pharis and Gust Kepler founded the company, and their offices are in Dallas, Texas. The Black Box Stocks platform is an online stock and options trading platform geared toward beginners and offers a simple, easy-to-use interface. The web-based platform can be accessed from any computer or mobile device.

What are Stocks?

A stock is a share in the ownership of a company. When you buy a stock, you purchase a piece of the company. The value of your underlying stock will go up or down depending on how well the company does. If the company does well, the stock will go up. If the company does not do well, the stock will go down. You can obtain quite a bit of analysis on different stock picks, ratings, and other bonus reports via the Power Gauge Report.

What are Options?

An option is a contract that gives you the right (not an obligation) to buy or sell a stock at a specific price within a certain period. Options are often used to hedge against the risk of a stock going down.

What is a Call Option?

A call option is a contract that gives you the right to buy stock at a certain price within a certain period.

What is a Put Option?

A put option is a contract that gives you the right to sell a stock at a certain price within a certain period.

What are the Pros of BlackBoxStocks?

• It is an excellent platform for beginners. The interface is simple and easy to use.
• You can trade stocks and options on the same platform.
• The web-based platform can be accessed from any computer or mobile device.
• BlackBoxStocks offers a free demo account to test the platform before you risk any real money.
• They have a community of experienced traders that discuss various trade ideas and profitable ideas. You can receive stock trade alerts and market movements.
• They also offer a variety of free classes through the BlackBox Bootcamp. This is offered twice a week and covers trading tools, options trading, and other features on the Black Box Stocks system.

• They have broker integrations with four of the industry’s largest brokers: Etrade, TradeStation, TastyWorks, and TD Ameritrade.

What are the Cons of BlackBoxStocks?

• There may be too many features that can cause overwhelm. Make sure to identify all the data that will personally help you with your trading skills.

Features of Black Box Stocks:

1. Stock Trading Software

• Pre Market Scanner – This provides data on the stock symbol, current price action, and volume.

• Post Market Scanner – Similar to the pre-market trading activity scanner, this tells you that critical features are the same after market close.
• StockTwits News Feed – StockTwits is a popular community for hot stocks and active traders. It provides stock alerts and other data for a stock symbol.
• Volatility Indicator & Algo-Driven Alert Log – These are proprietary to Black Box Stocks and shows this for the stock you are actively trading or analyzing.
• Market Moves / Advancers & Decliners – This scanner provides stock market data on stocks that are moving up or down based on the day.
• Real-Time Quotes – Live pricing with no delay for stocks.
• Members Chat Room – You can discuss trading strategies with more experienced traders and other potential trades in this room.
• Symbol Specific Alert Criteria and News Feed – This is a stock screener for the ticker you are looking at. Provides alert-level data and news events that may affect the stock’s price.
• Real-Time Institutional Grade Charts – Provides tools to analyze a specific chart and other studies.
• Volume Ratio Scanner – This provides data on the top 20 stocks with the most significant increase in volume compared to the average 10-day volume of that particular stock.

2. Options Trading Software

Black Box Stocks also offers features for options trades which is a different trading strategy than stocks.

• Options Scanner and Alerts – This provides relevant data for the stock symbol, specific strike prices, and other data for the options chain. The data can help you get an edge if you are trading in the options market.

• Options Flow – This is an alert stream that discusses all significant activity on specific ticker option chains. It provides insight into what major exchanges are doing and what direction they may think price action is headed.

• Options Heat Map and News – The heat map visually represents the frequency of flow activity around the specific contract strike price near the current price of the stock. You can glean insight as a part of your strategy. A built-in news feed also shows activity in the general options market.

What Does Black Box Stocks Cost?

There are two options for pricing:

• Monthly Billing at $99.97 per month
• Yearly Billing at $959

How Does it Work?

Once you have figured out if this is the platform for you to help with your trading strategy, you can click “Join Now” here and fill out all the applicable data to get registered on the system. Any discounts will be applied at the bottom.

Wrap Up

The Black Box Stocks platform has a lot to offer traders of all levels. The data-driven approach with scanners, newsfeeds, and live quotes can give you the edge you need to be successful. While it may have a steeper learning curve than other platforms, the features and integrations may be worth it for some people. Make sure to research and take advantage of the free trial to see if this is the right tool.

Pricing can be a bit on the high end, but you may be able to find a discount code or two online. They are offering 20% off the first month if you sign up. Overall, BlackBoxStocks is a solid platform with a lot to provide for traders willing to put in the time to learn the system.