Best Stock Picking Services
Here are the reviews everyone has been waiting for. I have focused on the best stock picking services that have a proven track record with a strong commitment in helping traders make the right financial decisions. The list is short and concise. Now let's get into it and find the best stock selection services available right now.
Transparency: When you buy certain products from some of the sites which we link to, we may earn a small share of the revenue.
1. Trade Ideas
Best Overall Solution
You'll absolutely love the features and tools that come with the Trade Ideas A.I. stock screener. That's because Trade Ideas is much more than a screener or scanner. The main problem with most stock picking services is they are all operated by humans.
Trade Ideas is different because their algorithm chooses the stocks, defines the strategies, and scans the stock market. In fact, Trade Ideas is the best stock picking service using artificial intelligence algorithms. Their proprietary scanner comes up with trading signals once all criteria for an entry have been met.
That's why Trade Ideas is a great investment and can skyrocket your portfolio. Sometimes the algorithm triggers only a few trades a day, and sometimes there are more. Best of all, this happens right in front of your eyes, in real time while you're logged-in to the software.
Trade Ideas can be used as a software installation on Windows PC's, or within the cloud from any device. And if you were to ask for my advice, I'd say subscribe to Trade Ideas A.I. because they have the best stock picking record. They have beaten the market every year since 2016.
One downside though is that no one is talking to you during the trading day as you use the software. The good news is, besides the subscription to their service, they also offer a free trading chat room and the best stock alert service on a weekly basis called Trade of the Week. Both the trading chat room and the trade of the week are free for everyone to use.
Free stock picks:
Another interesting aspect you should know about is they've integrated a free paper trading account within the platform. And it's amazing! It enables you to try new trading strategies and stock picks without risk. To learn more about Trade Ideas, you should read the full review here (Promo Code included).
- No human error
- Phenomenal free educational content
- Real-time alerts
- Fantastic platform for beginners
- Good for day trading and swing trading
- Brand new free paper trading account included
- Exclusive 15-25% promo codes available for daytradingz.com readers
2. Motley Fool
Best for Large-Cap Swing Trading
The Motley Fool Stock Advisor is a newsletter published by The Motley Fool, a company run by its co-founders Tom and David Gardner. They have been successful for over ten years now and provide subscribers with one of the best investment newsletters and stock trading picks.
The Motley Fool Stock Advisor has existed since 2002 and their picks show a great return. Similar to Jason Bond Picks, the Motley Fool causes huge market moves based on the number of subscribers following their picks. Some may find that this is not cool but honestly, as a day trader, such price spikes based on signals from providers with a high following opens completely new and profitable opportunities. You may not make that much money trading the exact signal, but you can profit from the price move to the upside and then once the chosen stock has overextended, you can profit from the down move by going short.
Anyway, those advanced techniques are not necessarily the best starting point. The main idea in subscribing to the Motley Fool is to learn their way of choosing stocks and duplicate their strategy for amazing returns once you start trading on your own.
As mentioned in the Motley Fool Stock Advisor review, subscribers gain access to a history of recommendations made in the past. This database alone is worth the subscription. With some time invested, traders can evaluate the strategy, check the chart history, and even the market reaction followed by the trade alerts. Those identified patterns will allow you to profit even better next time.
As a subscriber, you'll have unlimited access to the Motley Fool Stock Advisor combined with a 100% membership refund period of 30 days. As I said before, the historical database alone is worth the price. And if this price is still not good enough for you, here is a Motley Fool Stock Advisor discount, where you can subscribe with a 50% discount.
Motley Fool also offers a stock picking service called Rule Breakers. Subscribers get two clear buy recommendations for market-beating growth stocks in their inbox every month.
- Amazing track record since inception in 2002
- $99/year with the daytradingz.com discount
- Stocks picked from legendary investors David and Tom Gardner
- 30 day money-back guarantee
- Limited number of trading signals
- Advertisement campaigns try to upsell other Motley Fool services
3. Warrior Trading
Best for Day Trading Education
Warrior Trading belongs to the best stock picking websites. Ross Cameron and his team do a very good job at teaching beginners how to trade. Unlike the wizard in Oz, they don't hide behind a curtain. They trade every day live and in real-time.
Ross and his team share their trading screens with subscribers. This way it's easy to follow his stock picks and decisions. Their brand new chat room software connects you to the video and audio feed. You can see and hear what they're trading in real time. When Ross picks a stock, or if he is executing trades, you will see and hear it live on your computer.
Also, Ross publishes follow-up videos every trading day. How much does it cost to watch those daily recap videos? Nothing! They're available for free on YouTube - alongside other free trading education lessons.
Warrior Trading also provides a daily stock watchlist sent to newsletter subscribers every day. They scan the markets for you based on their set of rules and filters. They pick their stock based on the Trade Ideas scans and share the focus stocks with you for free before the market opens.
Ross Cameron also started a brand new small account challenge in which he wants to grow his trading account from $500 to $1 million. He started in December 2019, and guess what, in January 2020, after 17 days of trading in front of his subscribers, his account has already gone from $500 to $53,000. Read the full review here.
- Great alerts for day trading
- Accurate stock picks
- Proven track record with public account statements
- Subscription starting at $99/month
- Not suitable for swing trading
4. Jason Bond Picks
Best for Penny Stock Trading
Jason Bond's track record is one of the best. He went from being $250,000 in debt to earning millions of dollars in profit. He and his wife were school teachers and once Jason started trading it completely changed their lives. He has become one of the most successful microcap millionaires in the past 10 years.
Meanwhile, Jason Bond, co-founder of Raging Bull LLC, also operates one of the most successful companies in the United States. In 2019, Raging Bull LLC entered the Inc. 5000 list based on company growth, just two places behind Uber. Raging Bull employs 60+ people and showed a 465% growth in revenue over the last three years. Their revenue in 2018 was at $33.6 million. Aside from trading their own accounts, Jason Bond, Jeff Bishop and their team of professional traders and employees also know how to make the right moves as entrepreneurs.
Unlike Ross Cameron, Jason doesn't day trade. Instead, he swings his stock picks for certain days and mainly trades small cap stocks within his service, Jason Bond Picks. If you're looking to become more advanced in day trading, Jason Bond Picks might not be for you. Nonetheless, Jason has a fantastic team of traders and mentors on his side.
I personally use the Weekly Money Multiplier with Nathan Bear and Shadowtrader with Taylor Conway. Both share their trading screen in real-time with subscribers all day long and send out trade alerts. Both Weekly Money Multiplier and Shadowtrader are options trading services, which is why they don't make it to the list of the best stock picking services. However, if you're interested in them, you should read my in-depth Weekly Money Multiplier review and Shadowtrader review.
Back to Jason Bond Picks. Jason has donated a few hundred thousand dollars to charity in the recent years and trades his fish hook pattern week in, week out. Subscribers not only gain access to his stock picking service, but also to comprehensive educational content. This enables users to trade similar stocks with the same patterns on their own.
- With the daytradingz.com promo code for JBP, starting at ~$67/month
- Good for swing trading
- Great to learn one specific strategy in order to trade on your own
- Limited, suitable for day trading
- Some stocks traded have low average volume with high spread
- Huge number of subscribers cause huge price moves when they trade the same signals
5. Dollar Ace
Best for Trading Options Under $1
Dollar Ace is a trading service operated by Kyle Dennis. He made about $7 million in profits trading the markets when he was 28 years old. Meanwhile, he runs various services at Raging Bull.
Dollar Ace is one of the most popular offers, and traders like it a lot because Kyle scans for options under $1 with the potential to double within a short period. He does only take long calls and long puts, so the risk is limited for each trade. With one option, traders control 100 shares of the underlying asset. So if he is buying 10 options of the stock XYZ, then he immediately controls 10*100=1,000 shares at that particular moment. For his scans, Kyle uses a scanner that he recently talked about in more detail during the videos published in the membership area. He uses dark pool activities to spot unusual activities and then combines those findings with technical analysis and news catalysts.
Before the market open, subscribers receive an email with the watchlist for the day and get notified once Kyle opens and closes a position.
- Kyles real-time portfolio visible to subscribers via screen share
- Watchlist before market open via email
- Detailed information about the options traded (strike price, entry price, catalyst, etc.)
- Some chosen options have a low trading volume which can cause huge movements when many subscribers copy the trade
- The options are short-dated, so the high potential comes along with high risk
You may wonder how to picks stocks the right way. The five mentioned stock picking services successfully utilize different methods. Learning those methods helps you to choose the right stocks in the future successfully. A proven track record, trading screen sharing in real-time, and a fair pricing structure are things to consider signing up for such a service. I think the five mentioned are all a great starting point, depending on your investment philosophy.
Trade Ideas remains the best all-in-one solution for day traders, swing traders, and investors. Their stock screener is the most powerful in the market. The artificial intelligence based trading signals is simply amazing. The trading chat room and weekly webinars are a fantastic baseline to learn more about trading. Lastly, their brand new implemented paper trading functionality is also included in the subscription costs and provides huge benefits.