Re: A trading question

Sorry about the delayed response.
I'll do my best to explain how I use the Cool-Trade.com automated software.
Though I run multiple multiple strategies in different trading accounts,
the strategy I will discuss here is the hedging strategy.
I usually have more than one symbol in each account, but for this sample,
we will only put GOOG long in one account and GOOG short in another.

LONG ACCOUNT:
Set these rules for buying or adding to your position:
Today's Dow move > 0
Today's S&P 500 move > 0
Today's Nasdaq move > 0

Set a $5 goal with a $1 pullback (after reaching the $5 goal).
Then, if the stock goes down $5, and the above rules are ok,
add an additional 100 shares.
Note, the stock may open $19 lower and go even lower while the Dow is
negative. If that's the case, you may end up adding 100 shares after the
stock has declines $26. Cool!

As the stock wiggles up and down, the CoolTrade automated trader will
automatically add and remove shares, as it scalps profits.

If you set up an additional account to Short GOOG, what will happen
is that you will be scalping profits while GOOG is going up and down.

With this particular strategy, I make it only trade GOOG. However, I have
other CoolTrade strategies that allow the software to 100% pick the stocks.

You can try to shoot holes in this strategy all you want, but the fact
remains that the CoolTrade softare continues to scalp profits nearly
every day. You can see the results of many CoolTrade strategies at
http://www.cool-trade.com

Rather than debate with me about the merits of the CoolTrade software,
just go to their website, download, and run the software yourself.
They've been talking about charging $39 a month for the software,
for a long time, but the software is still free.

It also has a built-in simulator so you don't even open a real broker
account with money until after you have run the software for a while
and determine that you like the profits that it makes.

Trading fees with the CoolTrade software are only $1 per trade through
InteractiveBrokers.

Mike.




In article <byQDf.6842$yE4.708@xxxxxxxxxxxxxxxxxxxxxxxxxx>, BrunoR@xxxxxxxxxx
says...


Dr Tormento wrote:

Mike <edbar2@xxxxxxxxx> wrote in news:A5BDf.399$c64.292@dukeread12:

I go long and short simultaneously all the time.
However, I do it with 2 separate accounts.
It's called hedging.
Sometimes you are short a little more shares than you are long and
sometimes you are long a little more shares than you are short.
The profit is realized as you open and close positions.
Essentially taking money off the table whether the stock is moving
up or down.

Let's see how long it takes this guy to figure out that only the net
difference between the two account sizes matters.
----------------------------------------------------------------------------
Please give the guy some slack until he's fully explained his strategy.
Perhaps he does have a viable alternative to jumping for joy when ever
the price of a stock goes up 5.2%. I' like to know which of the few
systems he's chosen to make those long and short commitments, and
which criteria he uses to cancel those commitments and reverses?

.

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