Auto-Trading
Don’t have time to place option trades yourself? Why not consider auto-trading?
We are pleased to announce we now offer auto-trading. We currently work with Stifel Nicolaus, Trade Wall Street Financial and Global AutoTrading as our brokers of choice. All three offer excellent customer service and are very familiar with our business.
What is auto-trading?
Auto-trading is a process whereby the broker you authorize places trades on your behalf. You still decide how many contracts or a specific dollar amount much you want to spend on each trade, and you still have the ability to place your own trades at anytime.
How much does auto-trading cost?
TradeWallStreet Fees:
http://www.tradewallstreet.com/newaccounts-commissions.aspx
Stifel Nicholas Fees – FREE
Stifel Nicolaus – Autotrading Overview
The Starr Group at Stifel Nicolaus & Co. is a family operated business offering a high standard of customer service and execution capabilities. Founded in 1960, the group brings a depth of experience and perspective to options, currency and equity trading. Each of their clients receives personal attention from a member or the Starr Family. For more information, contact the Starr Group at 800-225-8532 or click on the STARR GROUP Auto-Pilot Trading button above to visit the Stifel Nicolaus website.
Trade Wall Street Financial – Autotrading Overview
How does the process work?
- Subscribe to our option picks service.
- Open an account with Trade Wall Street Financial.
- Complete the auto-trading paperwork with Trade Wall Street Financial to authorize auto-trading and to customize your exact trade recommendations.
- That’s it!
How will I know when AutoTrades are executed?
Trade Wall Street will email you the executions as they occur during the day. You will also have access to view the trades on their various trading platforms.
Am I able to customize which trade recommendations from Momentum Options Trading I want to execute in my account and which I do not want executed?
Yes, after receiving approval from Trade Wall Street. You can specify which recommendations you wish to be placed and how on their AutoTrade Document.
Are AutoTrades guaranteed?
The AutoTrade service is offered to you on a best effort, not-held basis. Trade Wall Street will do their utmost to enter the recommendations of Momentum Options Trading as quickly and efficiently as possible. While they have duplicate and back-up systems to ensure timely handling of orders, orders are subject to risk from errors of electronic systems, communications, markets and timing. In addition, other factors such as insufficient buying power in an account, subscription lapses, or missing selections on the sign-up page, may cause missed trades. Please note: In addition to the terms and conditions completed to subscribe to this service, the same risks and terms and conditions apply to AutoTrades.
Can I use my trading platform to view the status of my AutoTrading account?
Yes. You can use both your trading platform and the Trade Wall Street Client Connection to view all orders, balances and positions within your AutoTrading account.
Do I have choices as to how much capital I must use for trades in the AutoTrading account?
Yes, you may choose to invest in any of the following method for all AutoTrades:
- certain dollar amount,
- certain number of shares, or
- percentage of equity
What if I want to close a position before my newsletter does?
If you ever need to close a position in your AutoTrading account before Momentum Options Trading closes it, you will have to contact the Trade Wall Street Auto Trade Desk directly.
What happens if my account does not have sufficient funds to participate in a recommended trade?
If your account does not have sufficient funds to place the amount allocated on your AutoTrade document, Trade Wall Street will not execute the order. For example, if you select $2,000 per trade and your account has $900 in available funds when the trade is placed, Trade Wall Street will not place the order.
More questions about autotrading with Stifel Nicolaus?
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More questions about autotrading with Trade Wall Street?
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