There would be several reasons why someone would like autotrading. Most of us, as traders have a plan, we look for certain things when we trade. This has to be above 100, that has to be below the ema and on and on it goes. All auto trading does is allow you take those setups or rules and take the trade for you, this way you could trade several markets, several options and a whole portofilio of stocks, without having the stress of managing everything is a fast market.
These systems are no more then taking you and letting the computer executed it perfectly based on your rules. The system trading that I am talking about has gotten a lot of emails.....so here goes.
You open an account with one of two brokers, and have them put you in the Broker Assisted Trading Program using the junior version of the MOAS system. You and the broker would decide how many contracts are traded and all those details.
At the end of the month, at less 25% (of the profits) if not more...we have not decided yet would be paid to an approved charity. Now what is an approved charity...well American Cancer Society, MAW, Crisis Nursery and so on. IF you however, have a certain locally based charity, then all that would be needed is the name and address, phone number, contact info and that the IRS has approved them as a charity. If the IRS hasn't approved them, then WELL..... because the idea is to help your favorite charity.
If the donation is not made by the 5th of the month, a notice would be sent out and if not paid the next business day, then your account would be suspended from the program and we would file suit again you to recover the traders fee.
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5 comments:
Anonymous, you need your mouth washed out.....did you give your mom a kiss with that thing today....or does she also live in a double wide trailer next door.
Sport,
This is a really ambitious undertaking - if you can pull it through, it'll be a fantastic "Trading-For-Charity While-Trading-For-Yourself-Project".
But as I said, it's really VERY ambitious (not that it's not workable) because there are not that many of your kind (my kind too, i.e., our kind ok lol) in this world.
I was formerly as altruistic. Changed mindset because people took advantage, then labelled me "naive" besides voicing suspicions of my motives, when all the time, I simply felt I was doing something good without losing anything on my side except some affordable time and effort. Realized simply making money and just giving some to charity makes better sense.
All the same, wish you satisfactory success.
Cont'd
Besides, what if your system works for you, yet fails for others who do not follow rules (granted, not fixed by them)?
My belief is, the successful trader has to evolve in his own time. There's no way to hurry that. There's no way you can push a string. I couldn't push my string - it took me decades to pull it. Of course, I may be under the category "slow, thick in the head". It's alright with me LOL.
Signed, Anon 8:03pm
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