If you have a full time job, trying to trade stocks is hard. Either you put in extra time after work and on the weekends, or you just play a little during the lunch hour. With a job and other responsibilities in the way, how can you day trade or swing trade for income?
The internet and electronic trading has made professional traders accessible to you and me. You don’t have to “know someone” to get access to a professional trader. The professional traders I’m referring to are not the money managers that handle your mutual funds. Those are investments, but remember, trading is different. Trading is a smaller amount of money you use to make some income.
In fact, there are many professional traders around the world, not Wall Street, who make a living trading stocks, options, forex, and futures. These professionals may be your neighbor or in your PTA group. From just trading, they make enough income for their mortgage, insurance, bills, and even healthcare. When a mutual fund makes 20% when the stock market is up, you’re excited. But compare it to full time traders living off of their profits. Many of these traders need to make 40% or more per year, every year, whether the market is up or down, to pay for expenses, soccer practice, vacations, etc.
Those are the kind of people that can really make your trading portfolio grow better than you can. If you happen to know a friend who is this good, by all means have them manage your trading portfolio for you. Be careful though. Make sure your friend has really been able to live off of their stock trading profits for several (5-10) years. Why? We’ve all experienced being lucky in the stock market, but luck eventually runs out and you’ll need skill to continue making income!
Auto Trading - Trade What Pros Trade, When They Trade
For the rest of you, have you heard of auto stock trading? Auto trading allows you to automatically copy every trade a professional trader makes, so your portfolio will be nearly identical to the professional’s portfolio. If you follow Jim Cramer’s ActionAlertsPlus portfolio, wouldn’t you want to do exactly what Jim does when he does it?
We have many trade recommendation services, often called “advisory newsletters” or simply "newsletters" listed on MarketHeist that provides auto trading. We’ve all paid money for stock research reports and trade recommendation services. Many trade recommendations like HFT Stocks & Options are fantastic. If we only had the time to sit there and process the orders as the services specified. And without duplicating the recommendations trade for trade, we often miss out on making as much as the service.
Auto trading is like having your own assistant executing the trade recommendations for you. This is done automatically through your online broker like tradeMONSTER. All you do is sign up with a trade recommendation service you trust that has auto trading and leave it. You’ll be able to match the trade recommendation service’s portfolio performance trade for trade.
Of course, safety comes first.
How do you get to trust a trade recommendation service? First, you still need a basic foundation of how the markets work AND ways to trade or invest. In the end, it's your money and only you know how much you're willing to risk. It's up to you to monitor anyone who handles your money and know if they're screwing up! As always, check their performance record over a few years and make sure it’s not just luck. Also, trade recommendation services, stock research reports and newsletters usually include trade explanations. Remember, these services are designed for subscribers like you and me to enter the trades ourselves. You can read these trade recommendation reports and make trades yourself until you’re comfortable with how a particular service picks and manages their portfolio. When you’ve tested them out in this way, consider handing it off to auto trading and freeing yourself up to do other things with your day.
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ETF (Exchange Traded Fund),
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