Black Box Stocks Review
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Value
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Scanners
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Ease of Use
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Alerts
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Chat Room
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Additional Features
Summary
Black Box Stocks is a stock and options scanner platform that has the trading world buzzing. Black Box Stocks uses real-time algorithms, enhanced social media features, and a wide variety of other tools. Read now to find out if this stock and options scanner platform is what you’ve been looking for.
Review Contents
About Black Box Stocks
Black Box Stocks is a real-time algorithmic stock and options scanner platform with enhanced social media features. Like a prix fixe meal, convenience is a key aspect of this service as it displays everything on a single screen and all the legwork of continuously monitoring over 13,000 stocks and options multiple times per second on their servers. Users are alerted to tradeable ideas mined using high-frequency trading (HFT) strategies from pre-market to market and post-market hours continuously from the scanner and social media. The simplicity, quality and convenience of this service makes it stand out in an overcrowded field of scanning products.
Read our BlackBoxStocks review to see if this platform will be a good fit for you.
Black Box Stocks Pricing Options
Black Box Stocks has one membership plan that provides full access to the service for $99.97-per month or $959-prepaid for the annual subscription (a savings of $240.64 compared to the monthly rate). This includes data fees and The Fly-on-the-Wall newsfeed.
Unfortunately, there is not a free trial, but hopefully our review answers any questions you may have about the service.
Features Breakdown for Black Box Stocks
BlackBoxStocks offers a range of trading tools for both stocks and options. The tools are designed to help traders find, analyze, and trade the best trade setups. These features include a stock market scanner, an options scanner, charts, and much more. Let’s take a closer look.
Charts
Institutional grade charts are available for every stock that triggers an alert so that users can quickly view the reasoning for the alert. Users can add studies and opt between candlestick, line or bar charts. The charts reference where the underlying stock was trading at the time of the initial alert, so users can follow along. Overall, the charts are nice, and similar to the charts we commended in our recent TrendSpider review.
News Feed
Users can stream Fly-on-the-Wall news feed all day as well a symbol specific news linked to Alerts or a watch list. Right off the bat, this is a great value. The Fly is one of my favorite real-time newsfeeds catered to traders. Traders who are used to paying for news services like Benzinga Pro and TradetheNews can save money instantly by taking advantage of the built-in news feed.
Pre-Post-Market Scanner
The pre-market and post-market scanners run continuously in real-time. Timeliness is the name of the game here. Stocks that meet criteria are alerted and can be researched through the Alert Log with the underlying charts. Users can add their favorite indicators to the charts as well to better assess potential trades and set-ups.
Alerts
The Alerts stream all day and are saved in the Alerts Log. This is a cumulative list of the Alerts for the day. Users can sort them by time, volatility, and percentage change and each symbol’s chart, news and social media can be referenced immediately. The algorithms are pre-programmed to find stocks and options that are seeing heavy activity, so you’re always going to be near the action.
Watch Lists
Default Top-10 watch lists (IE: Gainers/Decliners for Today/Yesterday for Stocks and Options) can be selected in addition to user-selected watch lists. This is just a matter of preference and screen space. I’m a big fan of being economical with screen space and use Blackbox solely for current scanning needs and keep my personal watch lists on my trading platform.
Options Trading
While trading stocks is perfectly fine, options provide much better leverage. Although, leverage is a double-edged sword and a small percentage move down can wipe out total investment in the options. Only experienced traders should consider using options, especially directional trades where you’re paying top dollar and heavy premiums to get in on the move. With that said, Black Box has some of the best stock and options tools of any platform.
We were impressed with the options trading tools during our Black Box Stocks review. You can tell that options tools are not an afterthought in the BlackBoxStocks platform. The platform features unique tools like options alerts, options flow, options heat maps, and options news.
We’ve reviewed standalone options trading tools like OptionVue, Optionsonar, and OptionsPlay, and they can get expensive quickly. For traders who trade both equities and options, it can be difficult to justify paying for a standalone options tool. BlackBoxStocks solves this issue by bringing powerful options trading tools into a platform that is suitable for all types of traders.
Members Chatroom
This is another one of my favorite features. The chatroom is usually occupied by 100 or more members at any time during the day. The Shot Callers are moderators and experienced traders. Overall, the community of traders is seasoned, and I find profitable ideas in this room daily. I have my favorite traders that I follow throughout the day and that alone is worth the price of membership. It also motivates me to grind it out every day when I see how these top traders are always scanning and reacting.
While this chatroom isn’t as active as a standalone service like Investors Underground or Warrior Trading, it adds a nice social component to the platform. it is even more valuable for traders who aren’t already paying for a chat room subscription service from another company.
Audio Chat
The chatroom also has audio functionality which enables members to listen to in the #bbs_chat room. It’s great to listen in on insights from the moderators and some of the most seasoned traders on the site. This frees up screen real estate again form the chatroom and keeps me connected with traders I respect for potential ideas and set-ups throughout the day.
Compatible Brokers
Blockboxstocks recommends Think or Swim (TOS) through Ameritrade. Blackbox members can get special rates. For now, TOS is just a recommended broker and the platform doesn’t plug into TOS that I know of. Perhaps, they may integrate that feature in the future, which would add another layer of convenience.
BlackBoxStocks already offers many of the tools you’d expect from a full-service platform. If they added broker integrations and a few other features, I could see this being the sole trading workstation of many traders.
Platform Differentiators
Platforms these days have gotten so complicated and bundled with so many useless features and ‘customizability’ that ends up clogging screen space and resources. The simplicity of design that saves screen real estate to be effective can’t be understated. Everything you need is relegated to one screen with tabs to view other functions on the same screen. Since all the data crunching is on their servers, it doesn’t slow down your computer system either.
Black Box Stocks offers an easy-to-use trading platform that doesn’t compromise features. The platform is easy to navigate and there are tons of great tools for options trading and stock trading.
Is Black Box Stocks a Good Value?
This is an incredibly good value considering that it includes real-time exchange data fees as well as the Fly-on-the-Wall newsfeed (retails for $35-$65 per month). It’s like getting the actual service for free. The value is undeniable as a trading tool and a learning vehicle to stay connected to market opportunities around the clock.
While some traders may be hesitant to test the tool at $99.97, it’s definitely worth a shot if you are actively involved in the market. BlackBoxStocks can easily replace some of the tools you may already be paying for.
It would be nice if the company offered some type of trial in the future because we believe many traders would become long-timer customers if they had the ability to test and review the tools this platform offers.
What Type of Trader Blackboxstocks.com is Best For
This sleek, powerful and intuitively designed platform accommodates newbies to experience traders. With everything available on a single screen, it enables a full perspective at-a-glance and provides the tools for in-depth analysis as needed. It’s ideal for traders who don’t want the complications of creating or configuring scans, which honestly describes most of us, me included. The chatroom is also an excellent source of money-making ideas and allows newbies to learn from real pros.
Pros
- Convenient one-screen layout with all features available at-a-glance
- High-frequency-trading strategies integrated in algos that do the legwork
- Continuous functionality from pre-market through regular hours and after-hours
- Text and Audio member chatroom generates ideas from top traders daily
- Amazing value that includes exchange data fees and Fly-on-the-Wall newsfeed
- Simple and intuitive design makes it easy to learn platform quickly
- High-quality alerts
Cons
- Traders still need a methodology to trade the Alerts
- Minimal trading education provided for newbies
I’ve been in BBS for about 3 months. A very nice mix here of scalps and overnights. Very easy program to follow. If the mods see a flow they like and get into it you just follow. Different Mods do a lot of different trades but the easiest program to follow is when they buy into the flow. Great voice chat as well. All business but having fun as well.
One of the mods, Teresa, holds a class every day at noon to review trades and help anyone who is struggling. It’s really cool. I’ve learned a lot from her. All of their training is free as well (and they have a lot of it).
The tools are incredible. Option flow and dark pool are in real time. The moderators analyze them and let you know if they are taking a trade and when exiting. They also have pre market alerts on stocks and a mod dedicated to playing smaller dollar stocks.
BBS is the complete package of whatever you want to trade along with professionals to analyze what is coming across on the flows and tools.
Black Box stocks are absolutely fantastic
I have been a member for the past year
It’s honest transparent and a fabulous way to learn and earn Best of all the black Friday Promotion is smashing 33% off the
Members fee get 2 and be ahead of the curve. I am an actual member and I say
Please join me in the trading room
Best and see you soon
Hello Jonathan G.
I have been a member of BlackBox since October of 2019, Before then I was really failing at Option trading for about 2years. Since I have joined BlackBox Community the Training and Education is Assume!! The Before and After Market Analysis Reviews, has taught me patience and better understanding of entry and exit strategies. Upon joining the Community I received a welcome phone call and countless support emails.. “These Guys Got It Right”!!! I have grown my small $145.00 e trade account to over $775.00 consistently.. The Platform and Filters are Steller to None.. I now have a better feeling of stability to provide for my Family thanks to the BlackBox Community.. ” I Can Now Say I’m Killing It”
To Customer Service the Support Staff And Everybody who help the Platform Run Excellent Day in and Day Out..
“You Guys Are The Real Ones Killing IT”
YOU ROCK!!!
To You and Your Family’s Have a Very Prosperous and Blessed “2020 New Year”