Frequently asked questions

Can you just give me buy/sell signals?

The HerdForce™ platform is not a buy/sell signal service. Traders interpret HerdForce data to make their own decisions.

Who is the intended audience for the HerdForce platform?

The HerdForce platform was built for experienced traders who are looking for an edge in the markets and are not looking for a crystal ball. It is intended to be one out of many factors that you consider in your trading decisions. In other words, HerdForce information should be used in conjunction with other sources of information for making trading decisions. Traders who have high proficiency with technical analysis of financial charts have an easier time learning to use the HerdForce application than traders who lack skill at reading charts. Traders who do not know how to manage risk should not use the HerdForce platform.

What is the win/loss % for the HerdForce platform?

You can only compute a win/loss % for a service or algorithm if it tells you what it bought, where it entered, and where it exited. The HerdForce platform cannot have a win/loss % because it is not a buy/sell signal service.

Furthermore, your win/loss percentage will depend, among other things, on your personal risk management tactics such as where you place your stop losses etc. Lastly, note that a win/loss % is not meaningful unless you also state how much you win and lose per trade. For example, someone may claim a 90% win rate yet lose money if the wins are small and the losses are big.

How do I learn more about how to use the HerdForce platform?

Subscribers to the application get access to the guide inside the application. The guide introduces the core concepts to get you started and provides examples to help build your intuition. The guide not only showcases some of the big successes, but also provides examples of when to exercise more caution. Every trader has their own unique trading style and how you use HerdForce information to make decisions will ultimately depend on your trading experience, skill, and strategy.

What is the HerdPower™ metric?

HerdPower™ metric uses social financial data to estimate the degree of alignment within the group of people trying to impact the stock price.

Is the HerdForce platform better suited for swing or day trading?

We have found that most people use the HerdForce platform for swing trading because of the update times discussed below. Some day traders get ideas from the HerdForce platform and then use other tools to make lower time frame decisions.

How often is the data updated?

You get 10+ updates daily between the hours of 6AM-5PM EST, including weekends. The updates are usually hourly.

How is HerdForce information different from volume?

HerdForce information is based on the analysis of social data, whereas volume is based on transactional data by counting the number of shares of a security that was traded in a period of time. We find volume to be useful but the interpretation of volume is made difficult by many factors. For example, a stock price increase with large volume doesn’t necessarily imply that there was more buying volume than selling volume. Or, you could have more buying volume than selling volume, but you may have a larger group of sellers than buyers if the majority of the buying volume was created by a single large fund.

I do not know technical analysis, can I still use HerdForce?

To be a successful trader with consistent long term performance, you need a systematic method to identify entries and exits. Hence, we recommend that our users have some knowledge of technical analysis. For those with no experience with technical analysis, our private chat community gives you access to world-class traders where you can discuss trades and get guidance.

How does the HerdForce platform compare to other trading tools?