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FAQ


General Questions


What is the minimum subscription period for each plan?

The minimum subscription period is one month.


Can I change my subscription plan from FREE to GOLD?

Yes, you can upgrade at any time. Choosing a new plan will replace your old one and billing pro-rata.


How can I upgrade my subscription plan?

To upgrade your subscription, login and go to members Profile page. From there choose Change button and follow the onscreen instructions.


Do you store my credit card details in your systems?

No, we do not store any payment data on our systems. All payments are processed by Stripe in a secure environment on their servers. We only store a customer's token associated with your account and ask Stripe to manage all card verification and payment processing.


Do you renew my subscription automatically?

Yes, when you have subscribed to a paid subscription the automatic renewal is set to auto-renew. This saves time – you do not have to enter your payment details again and remember to renew your subscription.


How I cancel my paid subscription?

You can cancel your paid subscription at any time by login into your account (Profile) and submitting the change subscription form. Please do that at least 48 hours before your renewal. Once you cancel, you will still have access to all features in your current plan until the end of your billing period.


Trading and investing Questions


How often do you update the rankings tables?

The ranking tables are updated daily (Tuesday - Saturday), overnight after the markets close. During the night hours we do all the computations and batch processing in order produce the rankings, compute momentum….and have all necessary data available by 6:00 AM ET (11:AM GMT). The news feeds are updated in real time – that is when you make a request to look at the news section for a given company.


Can I use your data for day-trading?

We do not promote day-trading. You might have seen some groups on the net promoting day-trading with promises to make you rich in no time. If you believe in that – good luck, you are free join their groups. Our strategies are based on short (one week) to longer (1, 2, 3 and more months).


Do you give tips or recommendations which companies to buy?

We do not provide tips or recommendations. What we do provide are stock rankings and very good rules on how to pick top performing stocks. Nobody knows which way the stock will go, but having all the necessary tools and solid data available in one place can help any trader/investor to make a well informed decision to buy or not to buy.


Do I need to buy a stock charting package?

It is up to you. We personally do not use other packages except Bloompicks stock screener to find trading/investing opportunities. If you are beginner, you will probably invest in a charting package, but once you get more experienced you will realize that you could do perfectly well with what is available on line. For example, when looking at chart we first look at the default 100 trading day’s chart to see what the price action was. If we like the stock we might drill into the last 5 days and look for pool-back so we could buy (enter) the trade.

Contact us if you would like us to suggest some good charting packages.


Do we need more than one screen in order to become a successful trader or investor?

You do not need two or more screens in order to trade or invest better, a laptop or one screen is enough.


How much money do I need in order to start trading or investing?

You could start with $1000 but ideally the minimum should be $10000.