What if there is actually a cyber-attack and we are unable to use one, more, or all of our online trading components for an undetermined amount of time? There are soooo many points of failure involved, you know - it's kinda scary when you're relying on this profession for your sole income. How would you continue to trade technology-free (assume you have your phone only)? Arre there paper subscription versions of stock charts available? I've found stock chart books on chartsmart.com. Does anyone know of others? I'm a technical trader, so don't really care about annual reports of companies and fundamental data.
2006-12-13 00:48:27 · 4 answers · asked by willtradeformoney 2 in Business & Finance ➔ Investing
Well, you could do what we all did prior to the internet. We used graph paper and plotted the stocks daily from the WSJ. What a pain that was. A diligent person could track about 25 different stocks. And yes there were weekly subscriptions to stock charts also, especially point and figure. Heck I thought all of those services went out of business.
2006-12-13 02:24:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you would like to know the stock price, the most feasible way would be to look in a newspaper. Getting your hands on up-to-date charts would be unlikely as there are way to may stocks out there (upwards of 7000), all the charts could not be printed and mailed in a concise fashio (except perhaps as a CD-ROM).
To make trades one could call, mail or fax their broker.
If there was a true technological emergency, one must relaize that the exchanges and national amrket syste are all largely electronic. As technology is integrated, if there is a problem with one system, they might shut down others. In such a case, the exchange would stop trading and the SEC would declare an emergency until the issues were resolved.
2006-12-13 09:06:10 · answer #2 · answered by Ubiquity 2 · 0⤊ 0⤋
I just checked the website and ValueLine still puts out its product on paper. I started in stocks by going through the printed pages at Smith Barney Harris Upham on my lunch hour, just a block from where I worked at that time. They can still mail it to you. They never were free (unless you went to the broker to read them, or a good library), though. Businessweek, WSJ, and maybe Forbes or Fortune, but those are more for fundamentalists, not technicalists/chartists.
2006-12-13 12:21:26 · answer #3 · answered by Rabbit 7 · 0⤊ 0⤋
Don't worry, you can still make money without the internet, a good example is BILLIONAIRE Warren Buffet. He did not have any of our tools today and he made billions of dollars!
2006-12-13 12:15:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋