Search results

With profit.ly you can essentially export trades from your account. With Covestor, their setup allows them to monitor and report on your trades directly. Perhaps one of these will fit your needs.

Probably, they are highly recommended. http://www.investimonials.com/forums/recommended-brokers-for-shorting-penny-stocks-yes-its-legal--a-good-niche-strategy.aspx

You should check out XLQ available here: http://www.qmatix.com/index.htm For about $100 (more or less depending on which version you want), you get a full set of macro's that you can use to pull current or historical data (and derivations of the data such as RSI, moving averages and some...

This sounds like you expect to blow up again. A trading plan should include risk mitigation strategies that makes this virtually impossible.

The open is a very volatile time to trade. The best way to get filled at the open is to use a limit on open order such as IB has available. Lacking that, price tends to jump around a lot at the open and if you are using market orders or giving a lot of leeway on limits you can experience a lot...

I've averaged 25% annualized the past 5 years, over 50% the last 2. And that's end of day trading of stocks, not day trading. Early on drawdowns were in the 20-25% range, then less than 20%. Haven't gone below 10% the last year and a half since I started trading long and short. 5 years ago I...

Sounds like you have to trade on the long side, or inverse ETFs, or move your account. Sogotrade does ok for getting shorts and has lower minimums than IB but their availability and fills aren't anywhere near as good as IB though. I suggest to check the minimum with ThinkorSwim.

After 10 trades over 3 mos I am up 35%...How mant trades do any of you recommend I put in before I can realistically think that I may have a system that is somewhat workable for now and I can look to start increasing my size a bit. Why not let the returns dictate the size? In other words...

Congrats on a nice 1Q. Regarding the taxes, for someone earning at the 25% tax rate (not all of us are up to the 35% rate yet) I calculate that 13.3% higher earnings are required to keep as much as someone earning at 15%. For someone earning at the 35% rate, I calculate they have to earn 31%...

When your sharpe ratio approaches 2 or greater, there is a lot less risk in using huge leverage because your expectancy is so high. A strategy with a sharpe ratio of 2 or more is not guaranteed to always perform to this level. Huge leverage combined with the unexpected is what causes blow-ups.

All the information I have read about hedge funds, and those starting out talk about the difficulty of raising money. Seems to me it may be like trading. It sounds easy enough but in practice it takes a lot of hard work. And if it's results that attracts money, why did people give their money...

I trade small cap stocks. Too many shares pushes can push the price. Even with superior performance it can take time to build up an account to the point an army of lawyers is trivial. When I reach that point the last thing I want to spend my time on is starting a new business. And I...

You need to re-read the article though. It states that 31 basis points is insufficient to cover trading costs, so even if we assume that at 32bp they become profitable, that takes the 62bp number down to 31 which is only just over 100% annual. You are right on this, and it is a big...

You said that were earning 10 to 15% per month and I think you said your current account is $50K. At this rate of return that means you would earn over 200% per year and so two years ago your account would have been less than $5K. So it seems you have not made this rate of return for very...

Great thread.

So true. Re. "How to make money day trading the right way." Why does everyone think that to be a trader they have to day trade? I work a 9 to 5 job and make good money on the side swing trading. I have nothing against day trading, it's just not my strength and there are alternatives...

A number of traders post their trades on profitly. I think that people trying to sell something should post their trades but I don't see the point in amateur's posting theirs or pro's just trading for themself. Why should I post mine? It's not an audited track record and there is enough...

I sent your question to a Covestor rep who sent this response: "We do offer free trials as a way of capturing leads, engaging with them and converting them to funded clients. The data we show the trials does not show trade date, trade price or trade quantity, so it would be very difficult if...

Maybe that's why you aren't rich. Not that I am, but I approach trading like a business. I don't gamble and I don't trade for thrills. I do it to make money and I make a nice supplemental income from trading in my spare time. Rather than spend this money I am growing my account. It may not...

Hi, You are making a lot of assumptions. One that I question is that the drawdowns are even viewed by the manager as excessive. For a fund manager performance is often all about how they are doing compared to the market, so from a fund manager's perspective, I think the maximum expected...