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).
