What exactly is Cooltrade?
Cooltrade is a fully automated, robotic stock trader. You turn it on before the market opens and it turns itself off when the market closes. You can leave for the day or watch it in action as it buys and sells stocks based on the automated strategy you select or on a custom strategy that you create. Once you pick a strategy, simply launch the automated trader.
It will use lightning fast trades to fully maximize your strategy. Cooltrade has created several relationships with brokerage firms where the transaction costs are extremely low. This allows you to to make any trade at these amazingly low fees, even those that you enter manually.
Technology this impressive sounds like it would be hard to implement doesn't it? Well, it's actually quite easy and the video tutorials make it even easier.
I will go into this technology further and hopefully turn many of you on to this unique technology. It truly takes the emotion out of investing and puts your investments in the fast acting hands of Cooltrade.
It will use lightning fast trades to fully maximize your strategy. Cooltrade has created several relationships with brokerage firms where the transaction costs are extremely low. This allows you to to make any trade at these amazingly low fees, even those that you enter manually.
Technology this impressive sounds like it would be hard to implement doesn't it? Well, it's actually quite easy and the video tutorials make it even easier.
I will go into this technology further and hopefully turn many of you on to this unique technology. It truly takes the emotion out of investing and puts your investments in the fast acting hands of Cooltrade.
Is Cooltrade for you?
Cooltrade can be for the experienced or professional trader or it can be for the investor that has a just a little experience. The program is so easy and is so flexible that you can make your strategy as complex or simple as you choose. For example you can set your strategy to buy only stocks under $2/share. Cooltrade technology will pull profits whenever it makes sense. It watches up to 40 stocks at a time and quickly makes transactions based on the directions you set.
Cooltrade is also great for testing theories. You can run Cooltrade in simulator mode to see how you would do in a particular strategy without using money.
Cooltrade is also great for testing theories. You can run Cooltrade in simulator mode to see how you would do in a particular strategy without using money.
Cooltrade partners with TD Ameritrade
The First Step
Installing the software
To install the software, click the link below. The cost is $49.99/month but the website says it is for a limited time only.
CoolTrade's Intelligent Trading Software
Intelligent / Robotic Trading Software
with Trading Fees as Low as $1 Per Trade!
Once installed, you can play around with different strategies in the simulator mode without using real money. You don't need a brokerage account practice in simulator mode, only when you actually want to start buying and selling stocks.
CoolTrade's Intelligent Trading Software
Intelligent / Robotic Trading Software
with Trading Fees as Low as $1 Per Trade!
Once installed, you can play around with different strategies in the simulator mode without using real money. You don't need a brokerage account practice in simulator mode, only when you actually want to start buying and selling stocks.
Step 2
Choosing a brokerage firm
Cooltrade is affiliated with four firms, Interactive Brockers, Optionshouse, MB Trading and TD Ameritrade.
You can read read about the requirements on the firms websites, accessed by clicking the links above. But the account minimums vary by broker, for example TD Ameritrade is $2,000 USD, Options House and MB Trading is $1,000 (non-margin) and Interactive Brokers is $10,000 (or $20,000 if you daytrade).
With Interactive Brokers, your trades can cost as little as $1 USD.
You can read read about the requirements on the firms websites, accessed by clicking the links above. But the account minimums vary by broker, for example TD Ameritrade is $2,000 USD, Options House and MB Trading is $1,000 (non-margin) and Interactive Brokers is $10,000 (or $20,000 if you daytrade).
With Interactive Brokers, your trades can cost as little as $1 USD.
Step 3
Pick a strategy
Once you have installed Cooltrade on your computer, read the tutorials, watched the videos and simulated a few strategies you will arrive at one that works for your style. You then simply click on the radio button next to your strategy and turn it on before the market opens. A page opens up that shows your current holdings and every buy and sell transaction that takes place throughtout the day. It will implement your strategy with no delays, it never takes a coffee break or a bathroom break. It sees your watched stocks every move instantly and quickly moves in to take profits.
Once you turn it on, your work is done. Go play golf or watch a movie, don't worry, Cooltrade is hard at work with your strategy.
Once you turn it on, your work is done. Go play golf or watch a movie, don't worry, Cooltrade is hard at work with your strategy.
Is Cooltrade For Daytraders Only?
NO! Cooltrade can be for everyone except the novice invester
Cooltrade can implement the strategy you want, including daytrading. Daytraders like to take the "overnight risk" out of the equation. A stock price can open at a much different price than it closes if there is some news develop after the market closes. But since you choose the strategy, you can opt to use Cooltrade in your daytrading strategy or longer term investment strategies.
Cooltrade at the NY Traders Expo
Cooltrade CEO Ed Barsano
Try this test!
Click on the Cooltrade link and in the middle of the home page is a section called "How did your stocks do?" Plug in a symbol of any company and see how it would have done in a buy and hold strategy and with Cooltrade. From what I could determine, it was for 100 shares since 2001 until present. I was curious so I plugged in "The Chubb Corporation" (symbol CB) and the results showed a profit of $464 with a buy and hold strategy while with Cooltrade, the profit was $16,938 on 153 trades!!
Get Information on Trading
The Truth About Day Trading Stocks: A Cautionary Tale About Hard Challenges and What It Takes To Succeed (Wiley Trading)
Amazon Price: $37.80 (as of 01/07/2010) 
Short-Term Trading in the New Stock Market
Amazon Price: $11.53 (as of 01/07/2010)
Chart Your Way To Profits: The Online Trader's Guide to Technical Analysis (Wiley Trading)
Amazon Price: $44.10 (as of 01/07/2010)
The Swing Traders Bible: Strategies to Profit from Market Volatility (Wiley Trading)
Amazon Price: $44.10 (as of 01/07/2010)
Swing Trading For Dummies
Amazon Price: $16.49 (as of 01/07/2010)
by JoeNJ
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