PremiereTrade® AI Frequently Asked Questions
GENERAL
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The tools available in the AI software range from the simple, like the Chart Entry Signals, to more advanced charting options, which of these tools do I need to trade each market effectively? |
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One can effectively trade utilizing the Chart Entry Signals and the  . However, if a trader chooses to expand into classical technical analysis the charting component of PremiereTrade® AI is designed to fulfill that desire without forcing the trader to purchase additional charting services or software. The AI software is designed to grow with the client. |
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How long has PremiereTrade® AI been in existence? |
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The PremiereTrade® AI was formally released in January 2005. The technical tools available in the software have been around for years. PremiereTrade® AI was designed to combine a wide array of time tested technical indicators into a simple user-friendly interface. |
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What is the difference between this and other software products? |
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There are many software products available for the individual traders. Most of those products are limited as they provide only one confirmation tool. One confirmation tool is simply not enough. PremiereTrade® AI provides five confirmation tools in the Chart Entry Signals and alone. In addition, to the and the Chart Entry Signals, the AI software provides traders with classic charting tools without the purchase of an additional charting service. These are just some of the tools that separate PremiereTrade® AI apart from competitors. Education, Training and Support have been raised to a whole new level in the industry. |
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I have a real trading account but I don’t see it in the drop down list when I press login on the Tradedesk. |
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Real accounts do not automatically show up in the dropdown. You must manually type the account number the first time to login. After you have logged in with it once it will reappear in the dropdown every time you try to login to Tradedesk. Also, you may edit the list of accounts that automatically show up in the dropdown on the Setting Dialog under the Accounts tab. |
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What stocks can I analyze with PremiereTrade® AI? |
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With PremiereTrade® AI, you are able to analyze trading data on almost any publicly traded company listed on the NYSE, NASDAQ and AMEX which is currently comprised of approximately 40,000 stocks. You also have the ability to trade Options on these stocks. |
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How do I use PremiereTrade® AI to analyze a stock? |
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You can see a stock's performance simply by turning the software on and typing in the stock's symbol. It is that simple. The big advantage is being able to confirm your trades with the PremiereTrade® . |
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| Q: |
Can I “sell short” stocks using PremiereTrade® AI? |
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Yes! PremiereTrade® AI allows you to “short” or sell stocks, it will also keep track of your trading results for the duration of the trade. Simply click the “Trade Now” button and then fill your order by selecting the “Short” button. Fast and convenient! |
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How do I determine entry and exit using PremiereTrade® AI? |
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If you are looking for an opportunity to buy a stock, look for all fours chart entry signals to be green. If you are looking for an opportunity to sell a stock short, look for all four chart entry signals to be red. Next, confirm your trades using the four proven methods of technical analysis found in the; moving average, momentum, volume and buying and selling pressure. The money management portion of the software can also help determine when it is right for you to enter and exit trades. |
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Can I “paper trade” with PremiereTrade® AI before going live in the market? |
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Yes! This is a great feature. Demo accounts can be created in PremiereTrade® AI. This allows you to “paper trade,” with play money for practice. Opening a demo account is easy. Trades placed in demo accounts simulate real trades, so you can practice placing trades without the risk of trading with real money. |
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| Q: |
Can I trade my favorite stocks with PremiereTrade® AI ? |
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PremiereTrade® AI goes beyond many conventional softwares and has numerous strategies for trading your favorite stocks. Successful trading is accomplished with education, training and support. Have a look at the training we offer by selecting the  ™ button. |
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How many stocks can the baskets within PremiereTrade® AI hold at a time? |
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50; There are 5 baskets of 10 stocks each. This offers the user the ability to rapidly view all of his or her favorites stocks. PremiereTrade® AI makes it possible to group stocks by different market sectors as well. |
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Why does PremiereTrade® AI occasionally display yellow light indicators? |
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Yellow lights indicate that PremiereTrade® AI is in the process of receiving new data from the PremiereTrade® Data Feed. It should only take a moment or two before the software is fully populated. |
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Can I find Support and Resistance numbers with PremiereTrade® AI? |
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Yes, this is one of the cutting edge features of the software. With this new technology, you have the unique ability to find multiple levels of Support and Resistance at the touch of a button. You also have the ability to calculate risk to reward, stop loss and limit orders from within the software. |
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Are there other Markets that I can trade with PremiereTrade® AI? |
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Yes! Along with Stocks, you have the ability to trade Mutual Funds, Options and FOREX. All from the same platform! |
Back to Top CHART ENTRY SIGNALS
| Q: |
Are the Chart Entry Signals moving averages? |
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The black and white lines in the chart entry signals are representative of combinations of various indicators including simple, exponential, and weighted moving averages developed by PremiereTrade® AI which are calculated based on a proprietary algorithm. |
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In the Chart Entry Signals, what is the significance of the white and black lines when trading? |
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While the white and black lines do represent a calculation based on a proprietary algorithm, PremiereTrade® AI has removed the guesswork of interpreting difficult to read indicators. A bullish trend is indicated when all four chart entry signals are green and a bearish trend is in place when all four are red. |
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In the and the Chart entry signals, what relevance does the grid found in the background hold? Does it represent increments of time? |
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The grid does not hold any significance for traders, its simply part of the background seen in the charts. To view the blocks of time depicted in the and chart entry signals simply left click on the black line. After left clicking, a series of dots will appear on the black line. Each black dot represents a segment of time. The length of time represented by the black dot is dependent upon the choice selected in the drop down menu. If Daily is chosen in the drop down menu, each dot represents one day. |
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| Q: |
Which do I use to enter a trade the chart entry signals or the ? |
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The Chart entry signals should be used to identify a potential trade quickly. Once a potential trade is identified, the should then be used for additional confirmation. However, most traders have found rules to trade by first testing different strategies using a Demo account. The biggest features of PremiereTrade® AI are its simplicity and flexibility. |
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| Q: |
Should I close a trade if all the Chart Entry Signals turn the opposite color? |
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There are multiple ways to exit a trade. Removing your position, once all the chart entry signals turn the opposite color, is one possible way. Other traders may wish to let their stops and limits play out. The important thing is for each trader to develop their own style and trading plan. |
Back to Top THE
| Q: |
In the , is the black line a moving average? |
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The black line seen in the does not represent a moving average. The line is a price line. It tracks the closing price of the stock or currency pair for the timeframe specified in the drop down box. For example, if an hourly chart is chosen, the line tracks the closing price of each one-hour time increment. |
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In the , does the depth of the price line in each respective zone hold relevance? |
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Yes. The depth of the price line in each zone provides traders with an indication of how well the trend is established. |
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In the ’s volume meter, how is the green safe zone derived, what significance do the numbers hold? |
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In most circumstances the best time to trade a stock is when the stock’s volume is near average as trading on excessively high or low volume could result in problems in entering and exiting trades. PremiereTrade® AI is capable of calculating the average volume of a tradable stock. The green zone indicates good volume where volume is at or near average. The numbers in the meter indicate percentages of average volume. Hence, 75 could be interpreted as 75% of average volume. |
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In the , what do the numbers represent in the buying and selling meter? |
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The numbers in the meter are used to depict the current relationship between buying and selling pressure in the market. For example, 0 indicates buying and selling pressure is near even. If the meter reads 50, the meter is indicating buying pressure is 50% higher than selling pressure. |
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In the and the Chart entry signals, what relevance does the grid found in the background hold? Does it represent increments of time? |
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The grid does not hold any significance for traders, its simply part of the background seen in the charts. To view the blocks of time depicted in the and chart entry signals simply left click on the black line. After left clicking, a series of dots will appear on the black line. Each black dot represents a segment of time. The length of time represented by the black dot is dependent upon the choice selected in the drop down menu. If Daily is chosen in the drop down menu, each dot represents one day. |
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Which do I use to enter a trade the chart entry signals or the ? |
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The Chart entry signals should be used to identify a potential trade quickly. Once a potential trade is identified, the should then be used for additional confirmation. However, most traders have found rules to trade by first testing different strategies using a Demo account. The biggest features of PremiereTrade® AI are its simplicity and flexibility. |
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Should I short a stock if the line is in the green but moving down? |
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No. Even if the present price movement is down the stock is still trading in the green buy zone indicating the overall trend is up. The downward price movement could be just a retracement before heading higher. In confirming a short trade the price line should be in the red sell zone. |
Back to Top MUTUAL FUNDS
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Under Mutual Funds, why are only monthly, weekly, and daily timeframes available? |
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For Mutual Funds anything less than a daily is not relevant. The price of a mutual fund is based on Net Asset Value (NAV). A mutual fund’s NAV is calculated each day after the market’s close. Mutual fund orders placed that day are filled once the NAV for that day has been calculated. If a mutual fund order is placed after the market close, the order will be filled at the fund’s NAV calculated after the close of the next trading day. Simply stated, a mutual fund’s price does not fluctuate on an intraday basis. |
Back to Top CHARTING
| Q: |
In the charting tab under settings, what are Premiere 1-4? |
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The Premiere 1, 2, 3, & 4 settings allow traders to customize the chart entry signals to their own trading style. Premiere 1 is the most aggressive of the four settings. This setting will provide traders with entry signals more quickly. Premiere 2 is slightly less aggressive but provides signals quicker than that of Premiere 3. Premiere 4 is the most conservative of the four. |
Back to Top ™
| Q: |
In the James Dicks Financial Network, is the News & Resource Center applicable to all markets traded through the PremiereTrade® AI software? |
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The content found in the News & Resource Center changes as the trader moves from one financial market to another. For example, if the stock component is selected the News & Resource Center will contain information applicable to the stock market. |
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What is the source of the Live Trader Commentary found in the James Dicks Financial Network? |
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PremiereTrade® employs professional traders to trade company funds. The duties of these professional traders include the interpretation of news and economic data for the financial markets. The Live Trader Commentary communicates in real time, the news and analysis of that news to PremiereTrade® AI clients. |
Back to Top SUPPORT & RESISTANCE
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Should the Support and Resistance button be utilized in determining entry points into the market? |
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Once a potential trade has been identified, utilizing the Chart Entry Signals and confirmed using the , the Support & Resistance page can then be consulted to insure the trader’s risk to reward criteria is met and stop losses and limit orders are set properly. Support and Resistance is just another confirmation tool and can be used to determine entry or exit decision or just for Money Management purposes. |
Back to Top MONEY MANAGEMENT
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In Money Management, what are the allocations of the PremiereTrade® AI model portfolios based on? |
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The model allocations represent a blend of assets identified to achieve maximum returns for various degrees of risk tolerance. The allocations found in each model were calculated by examining the historical performance of each asset class dating back to 1927. |
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