Yes! If you have a self-directed IRA you are all set. Just log into your account and place the orders to buy and sell like you would in a normal cash account.
Most positions are held for one month. Every now and then some positions are held for a few months at a time.
I strongly urge most people not to do this. There are many variables involved. There are times where we can be in a position for a couple months and you need to be aware of option expiration. However, if you are comfortable with option trading, then this might work for you.
If you miss a trade signal I would recommend just going ahead and buying into the current stocks. Markets can go straight up.
The minimum suggested is $5,000. A deep discount broker like interactivebrokers.com makes it easier to trade with smaller amounts, but $5K is the BARE minimum suggested to make it worth while. If you're day trading, the minimum is $25,000 to avoid the pattern day trade rule.
All the information on what to buy and sell, changes to positions, and commentary is accessed on the member page. Also, an email is sent to notify you of any updates. Make sure you white list "relaxedtrader.com" so your Spam filter doesn't filter out the emails.
The US has the most liquidity of all markets, which makes it easier to get in and out of stocks. Many members trade my picks from other countries. Brokers like interactivebrokers.com are world wide, so most can trade US equities with them.
Great question. Everyone knows that if someone had a system that beats the market, he would never sell it. That's true. I won't sell my trading techniques at ANY price. I also know that if everyone follows my signals, they eventually will become useless. Personally, I hate the fact that so many people trade incorrectly (buying at the top, and selling at the bottom). However, we count on that...that's how we win so much.
At the same time, I know there's room for a small percentage of investors to share the "pie" so to speak. Plus, the additional compensation allows me to keep compounding my portfolio without having to make many withdrawals.
Yes, perfectly. While we have a massive advantage, it's not an unfair advantage. We are using technology to increase our odds of success. Anyone else can do the same if they put their mind to it.
You will receive one email per month telling you the exact 10 stocks to buy and sell.
You will receive the trade email the evening before the trades should be made (the 6th trading day of each new month), usually by 8 pm EST.
The best way I've have found to start up a brokerage account is to go with a deep discount broker. The reason for this is simple: low commission costs and fast execution. Many deep discount brokers charge as little as $0.005 per share, and as low as $1 minimums. All you need to do is apply online.
The slickest interface winner is Tradestation. They offer MANY, MANY features.
What if I'm not in the US? - Take a look at interactivebrokers.com
Ha, nope, sorry. Doesn't work that way. I'm not licensed to do that and it would be quite illegal.
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Kurt's ability to gather massive amounts of information and organize it into a coherent system for others to understand is unparalleled.
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