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Q. Could you please give me an idea of an optimum amount of capital to fund the brokerage account?
A. Based on past result, I would be conservative and assume a 3% gain per trade.
If you use FirstTrade.com, trades are $6.95 or about $14 Round Trip.
If you had a $1000 account and made 3% per trade, that would be $30 minus $14 yields 1.6%.
When a $10,000 account would make $300 - $14 or $286 or 2.86%.
I would not do this system with less than $1000.
Q. Are your trade signals such that they are able to be manually entered rather than auto-traded?
A. Personally, I manualy trade everything.
Q. Am I under the correct assumption that you send an email or SMS to inform subscribers of your trade signals?
A. Collective2 will send these to you.
Q. Could you recommend a favorite broker(s) based upon your experience?
A. Firsttrade is cheap and pretty good.
Q. Does one need to act upon your trade signals immediately, or is there a bit of time built into your model?
A. We aim for a time frame of 3-4 days, but sometimes they stock jumps up and we take profit quickly.
Q. Do you indicate stops, trailing stops or other information within each message?
A. We are including Stops and Take Profits with each message.
Q. Could you please send me an example of an expired trade signal so that I might look it over? Do I need to set-up a margin account with my broker?
A. Below you'll find the most recent status of trades recommended by FridayTrader. We highlight with a those trades which are new, but we may also display other, previous trades, and their status, so that you will have context for this latest dispatch.
New?Signal IDTime Posted (EST) OCA? ActionQuantSymbolTypeDurationComment
321828185/12/08 9:42 Buy to open 1000 NNBR NN INC@ limit 12.50DAY
321828245/12/08 9:42 CondSell to close 1000 NNBR NN INC@ limit 13.50GTC
321828275/12/08 9:42 CondSell to close 1000 NNBR NN INC@ stop 11.50GTC
Q. Do you ever overlap your trade signals?
A. On occasion we are invested in two stocks at once.
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