Contributor, Benzinga
November 15, 2023
BigShort
Overall Rating:
securely through BigShort's website

Stock trading presents one of the best opportunities for wealth-building from its potential for capital appreciation, dividend income and diversification benefits. Stocks of numerous companies are readily accessible and liquid, plus historical data consistently demonstrate their potential for positive long-term returns. However, trading stocks involves considerable risk arising from market volatility. So, you must carry out careful research and risk assessment to achieve success. With effective stock trading indicators and comprehensive charting data, you can significantly mitigate risk while maximizing your trading profitability.

If you’re an experienced stock trader seeking robust trading indicators and comprehensive charting services, BigShort provides an excellent choice. The platform blends advanced data science and software engineering to create a diverse suite of stock trading products that can help optimize your trading strategies and success. BigShort’s algorithms can analyze millions of market quotes per second, providing unique insights into market dynamics. Its real-time streaming charts can seamlessly visualize dark pools, stock option flows and market maker manipulation data on a single screen, offering a comprehensive market view.

This visual format empowers you to swiftly interpret the magnitude and significance of incoming market data, leading to quicker trading decisions. Furthermore, you can gain real-time insight into any New York Stock Exchange (NYSE)- or Nasdaq-listed ticker symbol, including small, under-the-radar stocks. Whether you’re a pattern-day or swing trader, BigShort’s proven and backtested leading indicators can assist you in precisely timing your entries and exits to maximize profits. Read on for a constructive review of this leading order flow analytics platform, its pros and cons and how it differs from other platforms.

BigShort is a 2023 Benzinga award winner for Best Order Flow Analytics.

Pros
  • Unlimited stock pricing alerts
  • Real-time and comprehensive charting capabilities 
  • Live data on all NYSE and Nasdaq tickers
  • Proven and backtested indicators with verifiable results 
  • Dynamically updated top-ten list point traders to the best trade setups, daily short volume and short squeeze data
  • Live Discord channel for interactions and exchange of ideas
Cons
  • Lacks independent reviews
  • Relatively pricey or costly

BigShort Ratings at a Glance

Customer Service
Security
Minimum Investment and Pricing
User Experience
Overall

BigShort Product Offering

BigShort leverages cutting-edge data science and industry-disruptive technology to develop a platform centered around an AI algorithm that generates predictive signals for the U.S. stock market. This leading order flow analytics platform features real-time streaming charts with insight into market maker sentiment and positioning, unlimited pricing alerts and live data on all NYSE and Nasdaq tickers (including daily short analysis). BigShort said the platform turned an account from $139,000 into $10 million with posted tax returns and brokerage statements as proof. BigShort's well-established, rigorously tested indicator and chart aims to assist traders in navigating a complex and rigged stock market environment. Here's a breakdown of its core features. 

SmartFlow and UltraFlow

BigShort's proprietary algorithm helps traders identify and visualize smart money activity in a clear, immediately actionable form. Smart money typically refers to large institutional or professional traders who engage in substantial trading volumes and whose activities significantly influence and dictate market direction, unlike retail traders. Understanding the trading activities of institutional or smart money participants in the market provides traders with insight into the potential market direction, enabling them to make more informed trading decisions. 

SmartFlow is unique in that it differentiates between retail investors and the “smart money”, allowing you to make even wiser decisions. You can see where these 2 groups diverge, and you can decide on which side of the aisle you would like to be. 

You can quickly find the best trade setups, daily short volume and short squeeze data via BigShort's dynamically updated list of top-ten SmartFlow stock tickers. You can gain valuable insights into the largest and most liquid instrument in the market via UltraFlow, which is a big data algorithm that uses machine learning insights to process millions of data points. It provides a clear visualization of SmartFlow for all the individual S&P 500 constituents, combining them into a single chart.

Manipulation and OptionFlow

Manipulation is an approximation of where market makers intend the price to move. High manipulation indicates that smart money is actively buying or selling their inventory. BigShort's top-ten manipulation list provides insights into these scenarios, revealing real-time price direction guided by smart money. Additionally, with OptionFlow, you can observe real-time options blocks, sweeps (golden and bronze) and splits, displayed or overlaid on the SmartFlow chart for quicker decision-making. Every OptionFlow is analyzed and labeled as either bearish, bullish or neutral, and you can see the spot price, size and expiration date for each option flow. BigShort's OptionFlow is available in list form in its own pane, and you can search by symbol or date.

Dark Pool Print and Spodin

Dark pool prints refer to substantial or large-volume, off-exchange transactions conducted by institutions through private exchanges. BigShort lets you visualize such covert transactions on its chart, making support and resistance levels easy to spot. By visualizing dark pool activity, you have better insights into large institutional trades and significant market trends, which can assist you in aligning your strategies with the market movements. Through BigShort Spodin features, you can get unlimited stock pricing alerts sent directly via call or text. Spodin is a closed-system pricing alert, meaning that unlike price alerts set on your brokerage account, which can be sold to market makers, it is sent to only you. This process ensures your price targets remain confidential and not used against you by others. 

Short Volume Charts and Squeeze Indicators 

Once you open a short position, you must close out by buying shares or selling the derivative. BigShort's short volume charts provide a treasure trove of actionable data to help you maximize profits when short selling. For instance, you can visualize the level of selling pressure in a stock, thereby effectively gauging market sentiment and potential price movements. Analyzing short volume can assist you in identifying optimal entry and exit points for successful short-selling strategies. You can generate outsized returns via the BigShort squeeze (BSS) indicator signal and attempt to beat the market. The BSS is a proven, backtested, forward-tested indicator with up to 90% win rates. 

BigShort Customer Service

BigShort offers responsive customer service over email, and you can engage with other traders, exchange trading insights and seek information about BigShort's product offerings and features by connecting to its Discord channel. You can discover answers to specific questions through the FAQ page, meaning you don't have to contact customer service directly. The team at BigShort also talks to users regularly on the Discord server.  Additionally, the platform maintains an active presence on multiple social media channels, including Twitter, Reddit and Instagram, offering alternative ways to connect with and communicate with the support team. For educational and research resources, BigShort has in-depth blog posts and tutorials. Recorded live webinars on how to best use BigShort are available to help beginners get started without hassle. BigShort has reviews you can check out from SourceForge and Futurepedia. 

BigShort Security

BigShort is not a brokerage platform; it is a provider of trading tools and, therefore, requires no regulation or licensing by financial regulators to operate. Although the platform may collect your personally identifiable information (PII) and sensitive details like credit card information during the signup or registration process, this information is used exclusively to facilitate payment processing in collaboration with its partner Stripe, improve service delivery and enhance marketing efforts. To prevent unauthorized access to customer data in transit and at rest, BigShort employs robust and advanced encryption protocols. The platform does not share or sell user's data to third parties unless consent is granted or legally mandated. You can review the privacy policies to understand better the steps BigShort takes to protect your data.

BigShort Minimum Investment and Pricing

BigShort's products are exclusively premium services; no free trials or freemium options are available. You can either go for the non-pro monthly plan or the non-pro annual plan. Both offer similar features, including real-time SmartFlow, Manipulation, OptionFlow and UltraFlow. Additionally, these packages provide dynamically updated top 10 lists, unlimited pricing alerts, daily short volume and short squeeze and members-only Discord charts. The non-pro monthly and non-pro annual plans allow you to test BigShort for two weeks at $37. However, after the trial period, the non-pro monthly plan charges $149 per month, while the non-pro annual plan charges $1188 per year. While this pricing perfectly aligns with the quality and effectiveness of its product, it might be unaffordable for undercapitalized traders. The platform will soon launch Rewardful, its affiliate program in partnership with Stripe. The idea is to provide a means for traders to earn extra income.

BigShort User Experience

A Benzinga award winner in 2023 for Best Order Flow Analytics, BigShort offers traders a comprehensive suite of stock trading tools and indicators designed to empower them with real-time insights into market dynamics. The platform's unique features, such as SmartFlow, OptionFlow and Dark Pool, allow traders to constructively visualize market dynamics and how it is influenced by these features, enabling quicker decision-making. The platform makes changes based on suggestions from its users, and users often comment on Discord that it’s one of the easiest places to trade.

Its streamlined interface and real-time streaming charts help traders seamlessly navigate complex market conditions or trends, including a rigged market. Signup is hassle-free and takes under three minutes, which adds to its excellent user appeal. There is email support and the Discord server where you can work directly with the BigShort team. However, its pricing could be potential drawbacks for some users. Benzinga considers the platform highly recommendable. 

BigShort vs. Competitors

BigShort has many competitors, such as ChartPrime, UsualWhaes, Blackbox Stocks, CheddarFlow, QuantData, FlowAlgo  and TradingView; like BigShort, these platforms provide excellent stock trading indicators and charting software for traders seeking to optimize their strategies and maximize returns. However, BigShort is one of the rare platforms that allow traders to visualize options flow, dark pools and market maker data on one consolidated candlestick chart. Although BigShort may provide similar option flow and dark pool data as its competitors, it boasts other features, including unlimited Spodin alerts, daily short volume charts, a daily short squeeze and dynamically updated top 10 lists. 

The capability of its indicators has already been proven via intensive backtesting and forward testing, with verifiable results of the trading record available for traders to confirm. The platform beats fundamental analysis since stock prices are set arbitrarily by irrational market participants via such analysis. BigShort leads where technical indicators lag, and unlike most trading software that shows a small part of the market (option flows), the platform provides a constructive overview of the market, enabling traders to make informed decisions and maximize profit. 

BigShort Overall

BigShort presents a range of advanced trading tools with well-tested proprietary algorithms designed to help traders maximize their success. It lets traders visualize equity, option, dark pool and smart money positioning data within a centralized real-time interface, providing them with complete market insight. Whether you're a swing or pattern-day trader, you'll find BigShort's suits of products and features highly valuable. Short sellers will also find the BigShort squeeze indicator and short volume charts very insightful for optimizing their shorting strategies. While it lacks a formal customer service channel, the live Discord chats offer an avenue to interact with other traders and build a robust trading network while assessing needed assistance. However, you must consider the pricing structure and your overall trading experience since the platform might not appeal to beginners.

Frequently Asked Questions

Q

Are trading indicators worth it?

A

Trading indicators can be valuable tools for traders, but their effectiveness depends on how well you understand and apply them in your trading strategies.

Q

How do I use trading indicators?

A

To use trading indicators effectively, study and understand each indicator’s principles, consider them within your trading strategy and use them as decision-support tools in combination with other market analysis techniques.

Q

Are BigShort’s indicators legit?

A

Yes, BigShort’s indicators are legitimate. Its algorithms are rigorously backtested and have a track record of positive results.

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Chika Uchendu

About Chika Uchendu

Chika Uchendu is an investing writer and investment platform analyst passionate about helping people learn more about managing their finances, making informed investment decisions, and navigating the complex landscape of investment platforms to find the best options for their financial goals and needs. He has over 8 years of experience writing compelling articles for various reputable publishers across diverse topics. When he’s not writing content, he’s wrangling and analyzing data to help businesses make informed decisions.