written by reader Portfolio Boss by Dan Murphy

By Anonymous Questions, February 15, 2015

Has anyone used Portfolio Boss by Dan Murphy?

There is some secrecy regarding the cost of the product.

Thanking you.

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CJD
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CJD
November 4, 2020 4:28 pm

I posted the following on a different Portfolio Boss (PB) thread on Oct 19, 2020. I haven’t visited the Stock Gumshoe site in ages since I strictly do quantitative trading using PB. I just checked in now to see if anyone is asking about PB and sure enough, there is. I saw your question and thought I could give you a straight perspective from a long time PB user. However, I can’t speak to what Dan Murphy currently charges since I have been using it for over six years. I believe it may be a subscription type of service now, but he may be open to various lifetime licenses. It never hurts to ask. I hope this is helpful to you!
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I have used Portfolio Boss (PB) since the beginning in 2014. It seems most of the posts here are from the early days of PB. It had its fits and starts in the first couple of years and required a serious commitment of time and energy to find tradable strategies. Admittedly, getting support back then was challenging. There was definitely a learning curve involved for me as I had not traded much prior to joining. After working with Dan and team for some years now, I can honestly say this guy is sincere and cares about helping traders. He does not need to do this as he could probably easily retire but rather finds purpose in developing a tool that really works for us.

It has now grown into a powerful trading strategy development tool and, yes, still has a learning curve involved. There are built-in trading strategies, most of which are fine, but a few I would not bother with. There are a couple of strategies I have used as a starting point to develop my own. I have profitably traded using PB for several years now. He has recently hired an assistant who is very responsive to trouble tickets, training questions, etc. The latest major development is the addition of genetic algorithms (AI) to develop trading strategies. I just started trading a few strategies that resulted from the AI engine so I cannot comment on results yet. I can tell you it comes up with the strangest buy/sell filters! Most traders would never have even thought to try some of these.

Some words of caution:
1) this is NOT a get rich quick scheme. Its focus is stock trading, not options or futures, looking to hit consistent base hits with an occasional home run and occasional strike outs. It may very well be that you sign up for a trial and you start losing money, so you abandon it. You need to stick with it for at least a year in my view as anyone who has traded for any length of time knows you will have periods of loss.
2) it will require commitment and effort on your part although the AI developed strategies dumb it down a bit. It will still require interpretation of its results.

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