Auto-Trading AppleOption is Now Available

Archive for June 8th, 2008

AppleOption Auto-Trading

June 8th, 2008. Posted by AppleOption

Thanks to member request, AppleOption will begin to offer Auto Trading. We have partnered with ThinkorSwim (the broker which allows individual trader’s to autotrade). The AppleOption Auto Trade Portfolio (ATP) will allow investors unable to watch the market daily to benefit from the momentum based risk managed trades. Many members are excited to utilize the AppleOption trading style which is now available with auto-trading.

AppleOption Auto-Trade Portfolio (ATP)

Focus: Momentum based Apple (AAPL) trades following technical patterns
Style: Directional trades utilizing long Call & Put Options
Risk: “Stops” based on support levels & previous day’s 5-MA or 5-EMA
Management: via ThinkorSwim auto-trade system
Goal: Outperforming Apple (AAPL) common stock monthly performance
 
Starting equity: $10,000
Profits: accumulated on annual basis before resetting capital
Allocation: $1,000 per trade (10% of total equity, adjusted quarterly)
Stop Protection: utilized daily to minimize loss to 3% of total equity
# Positions: at any given time 0-4 positions will be open, the max is 4
Duration: day trades to two weeks, rarely longer, typically 3-5 days
 
Requirements: an active AppleOption membership
Status: Open to new members for a limited time, total membership cap

All numbers above are for purposes of tracking performance of the AppleOption Auto-Trade Portfolio (ATP) and may not be suitable for all traders. Investors participating in the ThinkorSwim auto-trade system are required to determine their own risk tolerance and self select appropiate allocations.

 

For more information and instructions on how to establish the autotrading partnership, please read AppleOption Auto-Trade Portfolio (ATP).