StockNote Mobile App: Why one more app in the already crowded space?
Rajesh is a trader, who has recently entered the exciting world of share trading. With markets at all-time highs, Rajesh’s excitement is very evident and he believes, like many others, he too can become a full time trader and make a living out of trading. Like other novice traders, Rajesh also faces challenges like:
- How to get step-by-step guidance for beginners? Understanding markets and trading for beginners is not as easy it sounds
- Market analysis (fundamental as well as technical) is complicated
- No access to timely stock alerts. By the time the news reaches the broader trading community, share price has already reacted and the news is priced in.
- Personalisation and customisation of experience (feeds, trends, trading preferences etc.) is a challenge
Samco, one of India’s largest discount brokers, has taken cognisance of the above challenges and introduced the StockNote Mobile App, which addresses these challenges. It is not just another app in the already crowded space. With its rich features, StockNote is unique and has carved its own niche in the investment community and has already become a trader’s delight. So, as a trader or an investor, let us see how StockNote can empower you.
Giga Trading Engine, the technology that drives StockNote
StockNote is powered by Samco’s proprietary Giga Trading Engine. The engine combines artificial intelligence (AI), powerful computing and analytical technology to identify opportunities, trends and patterns from the latest stock market news and updates and present these as simple, filtered and actionable ideas on a real time basis. The ideas are filtered on the basis of the user’s preferences.
How Giga Trading is re-shaping the trading behaviour of individuals
Giga Trading is superior to other trading algorithms in the market. It is re-shaping the trading behaviour of individuals in a positive manner. Earlier, individuals and traders were dependent on various TV business news channels, newspapers, broker reports, stock market news-based websites etc. for trading tips and ideas before placing trades. This way of trading is inefficient as it consumes a lot of time. Also, at times, by the time the trade is placed, the trading opportunity may be gone as it would have got priced in the share price.
With Giga Trading, traders can get all the information from all preferred sources at one place and can place trades in just 5-6 seconds and benefit from the opportunity. With Giga Trading, better decision making and efficient trades are possible. Thus, it gives the individual the same power of an ace trader.
Customisation and personalisation of experience
The on-boarding process for beginners is simple and quick and yet highly customisable. StockNote allows to you customise and personalise your preferences at every stage. On a broader level, you can choose whether you would like to receive news items for an investor or trader. You can specify your preferences for sources of information (newspapers, TV channels, websites etc.). You can also specify whether you would like to view news items based on bullish or bearish sentiment. After taking into account the above preferences and others, StockNote will filter content and present you with personalized market event alerts.
Under the ‘Trending Notes’ and ‘Watchlist Notes’ section, you can track stocks of your choice and personalise your experience.
One touch trading
StockNote allows you to trade on multiple platforms (BSE, NSE and MCX) and in multiple products (cash market, equity derivatives, currencies, commodities etc.). StockNote allows you to trade from your feed. You can read the news and updates on markets as well as of companies and place a buy / sell order there itself.
The above image shows, in the trending notes, when the company name is clicked, you will be given an option buy / sell the share. While placing the order, if something goes wrong, StockNote highlights the error and also provides you with solutions. At every stage, the App talks to you on what you should do next.
Fundamental and Technical Analysis
You can read about fundamental and technical analysis of the stock. StockNote offers you the best charting tools in the app itself. You can get access to advanced charts with historical data of up to 25 years.
Giga Trading is the Bloomberg Terminal for Individuals
All this while, individuals were dependent on stock reports or tips from various sources, whereas institutional investors had access to Bloomberg Terminal and Algo Trading. This put individuals at an unfair disadvantage due to the information arbitrage that was available to institutional investors.
For the first time, Giga Trading is creating a level playing field between individual and institutions. It is doing this by making the information arbitrage disappear. Giga Trading Engine scans through millions of data points and gives the individual, access to filtered information on a real time basis and that too in quick time. The individual can act on this information before others and place trades in quick time and benefit from it.
Conclusion
As mentioned at the start of this article, StockNote is not just another app in the already crowded space. It has been carefully designed to help individuals overcome challenges. StockNote provides them benefits like making trading easy for beginners, simplifying stock market analysis, providing timely stock market alerts. It personalises the entire stock market trading experience. Giga Trading is the new way to trade for individuals.
You would sure be tempted to use the App after reading the benefits. Let me tell you about an additional bonus. StockNote users can enjoy 100% brokerage cashback for the 1st month. So we have left you with an actionable item, do act on it now!