“We wanted to create an option symbol format that was easier and more convenient for our customers to use.”

Charting, Portfolio Management and Trading Software for active investors.

“Since many of our customers trade options, we wanted to create an option symbol format that was easier and more convenient for our customers to use than the cryptic internal ticker formats the data services were using.”, said Anatoly Ivasyuk, CTO of DTLink Software. “So instead of something like MSQ100220P00030000, customers using Personal Stock Monitor can write MSQ Feb 20 2010 Put 30. The ticker symbol becomes an easy-to-read description of the option, instead of something you have to decipher.”

The new options ticker symbol support is available immediately, in the current release of Personal Stock Monitor Gold software.

About Personal Stock Monitor GOLD

In contrast to strictly web based solutions, Personal Stock Monitor GOLD is a Windows(tm) desktop application used by investors world-wide to automatically monitor their stock market portfolios, freeing them to explore more trading ideas in less time. Light weight enough to run in the background, PSM can monitor a portfolio, track it’s performance and alert the investor based on preset criteria. Built in trading allows the investor to act on events instantly. Personal Stock Monitor GOLD supports tracking stock market equities, options, mutual funds, ETFs and other securities all from the privacy of a dedicated desktop application. It features technical analysis charting, portfolio management calculations, reporting, an advanced alert system, scrolling ticker bar, integration with Microsoft Excel and a comprehensive scripting API for developing custom extensions.

Personal Stock Monitor GOLD works with all major version of the Windows(tm) desktop operating system including Win98 up through Windows 7, and requires a minimum of 512MB RAM, 50MB hard disk space, and an Internet connection.

Evaluation copies of Personal Stock Monitor GOLD are available for immediate download from:

http://www.personalstockmonitor.com/downloads.html

For additional information, contact:
DTLink Software
9608 48th Ave.
College Park, MD 20740
Phone: +1 (301) 441-3103 x1
Fax: +1 (301) 614-2974

On the web: http://www.personalstockmonitor.com/media_room.html

Personal Stock Monitor is a trademark of DTLink Software, L.L.C.
CollabInvest is a service mark of DTLink Software, L.L.C.

Excel, Money and Windows are registered trademarks of Microsoft Corporation (MSFT).


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Stuart McPhee and Mark Cook talk about how to play the stock market.

Mark: ‘there are so many different types of person coming into trading and it really can attract from every type of field, background, capital, age, education.’

Stuart:’ Background, upbringing. I think one of the most ironic things about money or trading and money is we focus on the money because that is why we are drawn into trading, for most people. Yet that is the thing that makes us become unstuck because we worry about money so much and we focus on it and we don’t want to cut losses and cut losing trades.

So it is a bit of a kick that we are drawn in because of the money and yet that is the one thing that causes us to become unstuck. Paul Tudor Jones said in the first book, don’t focus on making money, focus on protecting what you have. That is a real shift that we’re probably not aware of when we start.

The other night I heard you speak and you said something that really hit home with me. You talked about early on you were trading with some of your relatives’ or friends’ or your mother’s money and you lost a lot of it and there was an interesting thing that happened between yourself and your mother that had a defining effect on you. Would you mind just explaining that?’

Mark:’Well my mother, she lost $100,000 that I was directly responsible for and when we talked about it she asked how much money I had lost. And I had lost $500,000 at that particular time so I looked at her and she gave me words of inspiration instead of words of condemnation which made me go forward. And she asked me how soon I thought I’d get the money back which I thought I was never going to get it back. Then because of that I had installed in me an element of hope.

The next thing she said to me was, “When you called me and wanted to talk to me and you sounded as if you were in dire straits I thought it was something really bad, like you had cancer.” She said losing money is something you can get back. And it really put things into perspective and it put money really low on the priority list. Knowing how to play the stock market was really not at the top of the list.

Stuart: ‘So do you think if she hadn’t said, so when are you going to get it back or how long is it going to take for you to get the money back, do you think you were going down the path of, this is a hard hit, I probably don’t think I can keep going or I’m really going to struggle a little bit?’

Mark:’She had always been an inspiration to me, she knows what to say at the right time. I don’t know if she believed in what she said.’

Stuart: ‘And the other thing you said about the perspective. I say to a lot of people. We may have a few losing trades in a row. We may end up losing $1000 over a week which isn’t a huge amount of money, but if it is done over three losing trades you think it is not for you, this is a terrible run. You know I say to people, if you have your health and your home and all these other things and both of us live in great countries. If losing $1000 is the worst thing that is going to happen to you this week, life is pretty good. I think perspective is something we should consider. Knowing how to play the stock market will include lots of highs and lots of lows.’

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