Heh Lisa!
I have been around the stock markets a long, long time. My observation is that the people who learn and educate themselves about how to achieve trading success are the true winners. No one can put out foo-foo dust and magically generate huge stock market profits. Some of the uneducated are fortunate enough to have a good broker running their account; unfortunately, the majority does not achieve trading success in this way for two reasons: (1) very few brokers are well trained in trading; and (2) those that are eventually falter either by reason of burnout or greed. Nobody takes care of our money better than we do ourselves - - not even the best stock market professionals care as much about my money as me - - ever!
What all this adds up to is that we have to learn the stock market for our self. That means trading online with a real market education derived from learning from market software in combination with live experience in the trenches of the stock market. It is also important to learn how to trade from both the long and the short side of the markets. With short-selling and short sales judgment is learned to temper the bullish enthusiasm that believes the markets can do nothing but go up. A good short seller makes money three times faster than a long trader because, as any investor with experience can tell you, stocks struggle to go up even in strong bull markets but fall of their own weight on any excuse to take profit. And, if the bears are in control in a bearish market fear quickly overtakes greed, and only the human need to be right keeps the investor in a losing stock.
Yes, there are charlatans in the stock market and in the stock market software business. Where ever there is a wealth there will be bottom feeders and market thieves. Nonetheless, even bad market software can be a starting place to learn how to invest and develop judgment. Market wisdom is the opposite of the foolish notion of staying with a bad investment until the damage is so great that all of the investment capital disappears. Market wise traders protect themselves with stop losses in order to preserve their investment capital. In the stock market, if you do the math, a 50% loss requires a later 100% gain just to break even.
Rather than shy away from trading software we should do our best to achieve trading success by investing in the best software we can find. The search process for good trading software comes from taking demos or demonstrations of the software and talking to knowledgeable market trainers who will help you learn the trading software. As everywhere else good companies are made up of good people. If we do not have the wisdom to tell the difference between a professional and a charlatan in our everyday life, it is unlikely we will have the same wisdom to judge the people behind stock market trading software. People lose in the stock market because of bravado and ego and the foolishness to believe that money can be made without education. These people do not understand the difference between the relentless action of a bull market and a bear market; it is the inability to see when we are just lucky with our timing and when we are well trained to execute good stock market timing. Bad luck is the domain of those who refuse to learn; the learned make their own luck by being well-positioned to get lucky in the markets.
I can understand how people feel they are getting burned in the stock market. By and large such individuals are foolishly dependent or codependent in matters that they are not aware of. As ancient king Solomon said with all you're getting, get understanding and get wisdom. Wisdom and understanding the stock markets have to be earned through investment education. Even good trading software in the hands of the untrained can be most unprofitable, and is in fact downright dangerous, because newfound knowledge especially at the beginning stages can lead to overconfidence and foolhardy bets of one's cherished hard-won investment capital.
As one wise man said, if you think education is expensive calculates the cost of ignorance. Being ignorant of itself is not bad, but staying ignorant in the area where we put our heart, our mind, and our money is a formula for disaster. In order to achieve short-term trading success and ultimate stock market success, we must put ourselves through an investment education. It is indeed very true that there are great riches to be made in the stock market; we understand, however, that those riches are transferred from the foolhardy to the cautiously aggressive who have taken the time to become wise. Market wisdom is a noble pursuit and a handsome rewarder of those who diligently seek it. Learning to trade online slowly and carefully until an apprenticeship is accomplished with all the tools available from trading software is a most wise course of action. In the right hands, trading software will yield huge dividends in one's market portfolio.
I am sorry, Lisa, for you and your friend because you both fell victim to what you did not understand. That is why after three decades in the stock market I am trying to offer a stock market educational experience to those who want to take control over their own life and their own money. I hear too many horror stories such as what you described. The opportunity to become rich is before you and every other investor who wants to pursue education and understanding in trading systems and investment tools. The serious investor will find a sure path to preserving capital and taking advantage of the power of compounding returns. I would be most curious to see what path you are going to pursue with your money.
Respectfully
Andrew Petrick



