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We are starting off our morning trading today using TD Ameritrade. We continue to run three long and three short strategies that have been back-tested to give us results that we feel are good enough to put into real trading. In this video, what we want to stress is the concept from going to back-testing to automation. When we build the strategies that you see running, we make sure that the percent of trades that are favorable is at least 70 percent. We do this because we know that while we are going to have many orders out in the market, only about 10 to 20 percent will be filled. We want to stress the fact that we're not initiating our positions with market orders. If we were to use market orders, there would be way to much slippage. Our success comes from the fact that we found highly profitable systems and were able to trade them because we can place many orders into the market at the same time and we do this via our automated stock trading robot. It's not just the fact that we have the ability to place the orders that helps us succeed. The other crucial component to profitable trading is risk management. We know that the market can become very unforgiving very quickly. That's why we place stop orders programmatically right when we enter trades. This is where the automation really pays big dividends. Remember that our systems have no idea what they will be trading ahead of time, so it's crucial to make sure that we are not hit by any type of black swan. It's always better to be able to live to fight another day. We don't swing for home runs. We consistently hit singles and doubles. Let's move ahead faster. Today, automated trading via Trade-Ideas is available through TD Ameritrade, (which is what you are seeing in this video), through the Anvil platform (offered by Assent), through Interactive Brokerage, and through MB Trading. For anyone interested in the automation, we have training sessions available to get you up to speed on how to work with the software. Remember that in order to use the automated stock trading robot, you have to have an account with Trade-Ideas and the account needs to have access to the Oddsmaker, which is a one time fee of $1100. For those of you that have been following our videos, you already know that the OddsMaker pays for itself very quickly when one combines it with automation. Notice from our positions today where we are in 12 stocks in an even split, six long and six short at the same time. Right now, all of our positions are moving in our directions because we have no bias. We are not rooting for longs or shorts. We are playing high odds, probability trades.We are in essence, using an advantage player approach because we are open to either direction up or down. Just consider that in terms of trading. Basically it's a hedge. We are acting like a little hedge fund. While automation is certainly not for everyone, what we continue to show is that there is no magic here. Just implementation of strategies designed using Trade-Ideas alerts and filters and tested using the OddsMaker our proprietary back-testing software. Everything you see today was done without touch the keyboard aside from logging in and turning the robot on in the morning. Our scheduled exit is just moments away. Let's sit back and watch and see how we close out the positions. Today we close our morning session up with a gross profit of $147.55.
