A: TD is built-in. It automatically connects to the broker if you select LIVE mode and it will pop-up the broker login screen. Calling the broker is not necessary.
Note: you do not need a broker to start trading in simulation mode. All you need is an email address to start trading in simulation mode.
A: As far as we know it works with any TD account you log into.
A: Yes. Just go sign up and you will see that it runs on the web (and not on your PC).
You only need to log into the account when you want to check the performance or make funds or symbol name changes.
A: Some people are trading with $10 and some with many thousands.
As long as the account balance has enough to buy at least one share of the stocks you have selected.
A: The software ensures accounts under $25k do not violate the SEC DAY TRADER RULE.
That protection is built-in.
A: No. The software does not use Stop Loss (or as we call it “Lock in Loss”).
The software uses money management and adds more shares on small drops and closes them out on the rise (profitably) to lock in the gains in the price fluctuations.
Remember, the strategy is designed to trade a symbol and take profits perpetually. So, even if a stock goes down the price will still fluctuate.
A: No. The shares are calculated automatically by the AI algorithms built into the web app, based on the stock price and available funds.
A: It only trades the symbols that you enter. So, if you have other symbols/positions in your live account, the web app will ignore those.
A: On the Select Symbols screen, you can see a tool that shows the "Most Consistently Profitable" symbols month over month.
A: The web app works best with stocks that move up and down in value.
A: The biggest mistake most traders make is they spread their money to too many stocks and end up limiting the number of shares that can be traded for each symbol.
So, the less symbols you enter, the more shares your trader will be able to trade for those symbols.
The more shares you own, the more profits you can rake out of the market as the stock prices moves up and down.
Also, having a lot of stocks gives a much higher probability that one or more will go the wrong way and cut into your profits. As a result your account balance doesn’t grow and you feel like your losing.
A: No. Each brokerage account can only be used with a single GoBabyTrade account.
Multiple GoBabyTrade accounts cannot be connect to the same brokerage account.
A: You can look at the tool on the GoBabyTrade "Select Symbols" screen or go to http://GoBabyTrade.com/INO (enter any symbol), to see how each symbol has performed over the last 3 years.
A: The GoBabyTrade web app system is designed to continuously and repeatedly LOCK IN profits.
If you just buy and hold then you miss all of the profits and only benefit if the stock goes up.
By closing positions you continuously buy and sell and lock in profits regardless of the long term direction of the stock.
As a buy and holder, you would only benefit if the stock price goes straight up to new highs.
A: It trades in smaller share/lot sizes so that it reserves enough funds to be able to continuously buy/sell when the stock price goes lower.
If you were to use up all of your funds on a single stock purchase, you would not have any reserve funds to buy/sell at lower prices.
This money-management is built into the web app.
A: You can increase the "Percent of Funds to use" for that symbol on the Select Symbols screen.
That would allow the web app to calculate a higher share/lot size for that symbol.
A: No. Because the web app adds more shares when a stock price declines and sells them off profitably using the Last In, Last Out (LIFO) method, it does not allow for Shorting positions.
A: U.S. Equities listed on the U.S. Exchanges (AMEX, NASDAQ, NYSE) including ETFs.
A: Yes. There is a CLOSE button to the right of each open position.
After you click the CLOSE button, the system will automatically place your account in HALT TRADING MODE. That will prevent any new positions from opening until you click RESUME TRADING.
The purpose of placing the account into HALT TRADING MODE is to give you a chance to remove the symbol (if desired) from the Active Symbols list on the Select Symbols screen.
A: The web app will not know that you manually closed it and therefore may just reopen the position.
That is why it is best to use the CLOSE button in the web app so the trader can go into HALT TRADING MODE, until you decide when to start trading again.
A: Profit Goals in the web app are not fixed.
There are AI factors that affect the closing of profitable positions.
For instance if the AI determines that the position is going higher, the web app may take longer to close it.
Profit Goals tend to range from 1% to 5% per trade.