Frequently Asked Questions
What is Day Trading?
Why Stock Trading?
How long does it take to subscribe?
How does the Service work?
What is the system based on?
Are there any subjective criteria to select the “pick” every day?
How long do you hold the trade?
Do you use a stop loss?
Do you short stock?
How do you calculate the YTD return?
How much money do I need to start?
In what markets do you trade?
At what time are the signals sent to subscribers?
Do you send intraday alerts?
Do you limit the amount of members?
What kind of services do you offer your subscribers?
How many picks are given per day?
How much time does it take to operate the system?
Do you trade options or futures?
Is there a trial membership?
How do I cancel my membership?
Do you need further info?
What is Day Trading?
There are a lot of different concepts of what day trading is. We define day trading as trading a few times per day in different stocks each time, and ending the day all cash. Day trading involves entering and exiting positions in the course of one trading day. The objective is to achieve smalls gains, which compounded over time, turn into large gains. The goal with day trading is to make trades that are basically good bets.
Why Stock Trading? Stock trading is the ideal profession on the internet. It allows anyone to buy and sell stocks on American stock exchanges with a personal computer from home using an internet connection no matter where in the world you happen to live. It allows to make money at your convenience.
How long does it take to subscribe? The process is simple, you must fill an order with your credit card and then you will choose a user and password to get instant access to the member's page.
How does the Service work? As a member, you will receive an email with our daily signals which will also be posted in our member's page. These will be provided at a prudent time before the opening of the market (9:30 AM EST) , so as to give you time to send your order to your broker. It can happen that in a certain day the system does not give its signal; therefore there won’t be any stocks to buy that day.
What is the system based on?
The system is based on a group of stocks. It selects a maximum of 4 stocks per day combining technical analysis with financial news. The system generates long positions. It is a 100% mechanical system. We don't use any kind of optimization or curve fitting in our system.
Are there any subjective criteria to select the “pick” every day?
No, it is a 100% mechanic process. There are no emotions or subjective decisions to select the stock pick every day.
How long do you hold the trade?
We hold the stock only one day in DAYTRADE MODE and 2 days in SWING TRADE MODE, entry at the opening price and sell the position at the close of the market..
Do you use a stop loss?
No, we don’t.
Do you short stock?
No, we just go long.
How do you calculate the YTD return?
We posted the sum of all trades. The return on your account will be the sum of all trades divided by the number of open trades and allocation. For example conservative members will want to assign a small portion of their accounts into each trade, while aggressive traders with access to leverage may want to maximize their returns using a higher portion of their accounts.
How much money do I need to start?
You only need an account that allows you to trade; you can consult a broker of your preference.
In what markets do you trade?
US markets only. We trade only liquid DOW/Nasdaq stocks.
At what time are the signals sent to subscribers?
We send daily signals email also posted in the member's page with the new alerts 20 min (approximately) before the open market.
Do you send intraday alerts?
No, we just send a daily signals email also posted in the member's page.
Do you limit the amount of members?
Definitely, we will limit the amount of members so as to maintain the system unaltered. When we reach a certain number of members, we will stop accepting new ones and only if one of the exiting members should decide to retire shall we allow a new person to enter the system. We must maintain the system effective and profitable.
What kind of services do you offer your subscribers?
We offer full email support to our members; Please, do not doubt in consulting us.
How many picks are given per day?
We limit the number of our picks to a maximum of four per day. Of all the stocks we could choose from in a day, we select the four that most reflect our standards. This also permits you to access our system with a smaller amount of money.
How much time does it take to operate the system?
It is very simple; you only have to place the orders to open the positions or send the order to your broker minutes before the market opens, later you must close them at market close of the same day or the following day. You can make this process automatic with related functions like (MOO) market on open and (MOC) market on close; this service is offered by many brokers. Please consult.
Do you trade options or futures?
No, we don't.
Is there a trial membership?
We don't have free trial.
How do I cancel my membership?
Just send us an email with your user and password to cancel the service.
Copyright © 2007, 2008 SimpleDayTrade.com All rights reserved. Data and information is provided for informational purposes only. Neither SimpleDayTrade.com nor any of its data or content providers shall be liable for any errors or for any actions taken in reliance thereon. Stock trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stock markets. Don't trade with money you can't afford to lose. SimpleDayTrade.com is not a registered broker-dealer and does not endorse or recommend the services of any brokerage company. The brokerage company you select is solely responsible for its services to you, the user. SimpleDayTrade.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of the services of the brokerage company. All published results are hypothetical gross results without adjustment for trading cost. (commissions, fees & slippage).
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