Your Duties if You Subscribe

Do you need to have a Stanford degree or be a math wizard to be a successful trader?  Nope, not at all.  Those traits are already reflected in the automated systems I designed, so there is no need for you to have those skills.  All you need to worry about is finding a way internally to live through the draw downs.  That is your main task!  Meditation is my way of building that internal fortitude, but you can find whatever way you want to live through them.

As far as the nuts and bolts, there is some setup work in the beginning but after that your main responsibility is just to monitor the system and make sure it’s running.  These are the step-by-step details of the things you would have to do if you subscribe to this service.

One-Time Setup Tasks

  • Apply for a “futures” brokerage account at TradeStation, which is the only brokerage where my automated systems will work.
  • Fund that account after it opens. Make sure you deposit enough money into it for the portfolio you chose.  You can always double check this amount from the My Account page after you subscribe.
  • Once you have the account, you have to make sure you have the CME Real-Time Data Package #1 enabled for your account. I’ll email instructions for how to do this when the time comes.
  • Download the TradeStation platform to your computer of choice. Key thing to be aware of: TradeStation needs to be on and running at all times with a solid internet connection.  You don’t want your internet to be down when the codes try to fire up an order entry!  (Note:  even if that does happen, there are protocols for what to do.)  If your personal computer can handle that, then you’re probably good to go.  If you have spotty internet or electricity, then you might want to consider doing what I do:  renting a server from Speedy Trading Servers.  As of the time I am writing this, I use the $80/month plan and the internet and electricity have never gone out on me with that server.  If you decide to go this route, you set up an account with them and rent the server.  You can log in to that server from your personal PC or any computer you want.  It’s as if you are plugged right in to the server with your monitor.  Then you set up your TradeStation platform on that server and proceed to the next steps.
  • Load the codes I give you into your TradeStation platform. In the “My Account” section of this website, you’ll have a link to access the codes and an instructional video that walks you through exactly how to load the codes to your account.  I’ll also email you the codes and a link to the video.
  • After you load the codes, you will have to go to each one (there are 19-20 depending on the portfolio you choose) and set it to be “live”. Otherwise they won’t execute any trades.  I have a video in the My Accounts section showing you how to do this.

You should expect that it’s going to take an hour or two to get through the setup.  It’s kind of a lot, but it only needs to be done once and then you’re on cruise control.

Ongoing Tasks

  • Check your computer regularly to make sure the software is on. I also have a video in the My Account section that shows you how I check to make sure it’s on and working.  It takes probably  30 seconds to check and I check it once first thing in the morning, once in the early afternoon, and once in the evening.  The trades are typically not super short term trades so those intervals are frequent enough for me.  You might choose to check it at different intervals.  I also have an email alert sent to me if my computer goes down, but it’s not bulletproof so I still manually check the computer regularly.
  • Troubleshooting: if you notice that your computer has shut off or the internet isn’t working etc, then you would follow a specific set of protocols to get it back up and running.  I have a video in the My Account showing exactly what to do to ensure the automated system picks up right where it left off.
  • Keep an eye out for emails from me. I will send an email and text alert every time there is a trade entry or exit, so you’ll know to expect it.  Part of your monitoring is to make sure the trades I email about end up getting executed in your account.  There are only roughly 100 trades per year, so it’s a couple traders per week on average.  These emails will typically be sent between 1pm and 3:30pm Pacific Standard Time.
  • Every time we have an open position when the ES contract expires (expirations happen 4 times a year) there is a protocol we have to go to “roll over” the contract. In the “My Account” section I have a video that shows step by step what you’ll need to do (and I’m always available for support), but essentially we simply exit from any positions on the soon-to-expire contract and then immediately open positions on the next contract expiration.  If you’re not familiar with futures, this may sound weird and complicated to you (just like it did to me at first!), but I will alert you by email every time you’ll need to do it, and after a few times it’ll become like clockwork.  Just exit the position and re-open it on the next expiration.  It takes me 1-2 minutes every quarter typically to do this (which is referred to as rolling over the position to the next expiration).

So in a nutshell, after you get through the setup, you’re just monitoring the computer to make sure everything is on and running and you’re making sure your account matches the email notices I’m sending about position entries and exits.  The huge majority of the time no action is needed, but if you see there’s a problem, then you simply follow the steps to bring it back online.

So it’s a pretty sweet gig.  You don’t have to learn to be a day trader to do this or give up your job or anything like that.  You just have to make sure the automated system is running in your account.  On an average day it takes me 2 total minutes of my day to check it.