My CoolTrade Journal
Hey everyone, Chris DeVincentis here…
I intend to journal my progress with CoolTrader Pro, but specifically CoolTrade as a product that can automatically trades stocks for long or short positions so that you can learn more from my experiences. If you’re interested in finding out more about the software, purchasing the software or the business opportunity of selling CoolTrade (my system is already paid for) simply go to my website here!
Thanks for visiting and I hope the info provided is helpful! Make sure you read it all as the later posts are the most current!
Dec. 19, 2012
I joined CoolTrader Pro about a week ago, did a bunch of research and today I purchased the CoolTrade program. I too was unable to find anything negative on the internet.
The download process went very smooth. Without a hitch frankly which was a nice change of pace since it seems like most downloads these days have some kind of glitch especially when you are anxious to get moving with something.
My first task was to watch the video training. It’s absolutely enough to get you familiar with the software and comes in video form as well as a PDF download. The next thing I wanted to do was to set up my computer to automatically turn the computer on 5 minutes before the market opens. This is recommended and if it’s open prior to that, they say it could have a problem. The only problem I’ve noticed is that it takes longer to initialize and sync with the quoting feed.
Dec. 20th and 21st, 2012
It’s getting closer to the Christmas weekend and I’m pretty confident the volume is going to be quite low over the holidays, so while I test the initial programs that are preloaded, I also plan to make a few of my own to test. Today I spent more time learning the program, and how to program the entry, add shares and exit strategies for a new long and short trade. While you don’t have to do this, I wanted to so I could do more testing. I would advise becoming familiar with the software before you trade, but the great things is that we can simulate trading right away from the CoolTrade feed that’s not tied to any broker.
Dec. 22nd and 23rd over the weekend
I spent time looking at the logic behind the existing pre-programmed trades, continued to create my own and went into the forum that is available for users to find my way around. Great resource to be sure and very helpful people. Frankly, over time this is going to be a huge resource as highly skilled traders beginning buying the software and sharing their programs.
Christmas eve was a partial trading day with light volume. The system executed a few short trades that I had selected that went into profit by the end of the shortened day so I closed them out manually because they didn’t hit my profit goal or trailing stops and I didn’t want to carry them over the holiday.
Dec. 26th 2012
The system made some long trades today using the $2.00 and under long strategy that comes pre-programmed. Most of them did pretty well and I was positive for the day. It’s a great strategy for a light account because you can trade 1000+ shares with a small amount of exposure. What’s amazing about this software is that you can program all of the attributes you want to screen by and it comes up from the universe of stocks available down to just a handful that qualify saving huge amount of time and money. More importantly, you can let profitable stocks run and make sure you have stops and trailing stops in place so you have zero exposure to excessive losses. Very cool. (no pun intended) LOL So far I have to say I am very impressed with the software and I have found zero bugs so the seven years of already being used has payed off and I’ve called support and they’re very responsive.
Dec. 28th 2012
With a couple days of having the trader be able to run for full days the results have been really interesting. I got stopped out of a few trades with a trailing stop so those were profitable. The market was choppy so all other trades remained in effect without profit goals or stops/trailing stops being hit.
One interesting note here is that I spent Thursday the 27th creating some trades of my own using some statistical indicators for one short trade and one long trade. While the trades didn’t execute because I had the max amount of trades already running, the system was tracking them and showed me how they would have done had they been live that morning. Each one had 5 available trades and in each case, long and short, 4 of the 5 were down slightly, but one of each type was up significantly. Had those been allowed to execute it would have been a very profitable trading day. In a nutshell, I created a strategy that I will keep testing, but I really like what I see.
Jan 4th 2013
Ok, so back to trading. I’ve been trading both long and short positions on a daily basis with a statistical strategy I developed. Prior to the last few days it pretty much broke even. So I went back and watched a few videos and specifically a trading strategy for a single stock. The one that’s demonstrated in video is the Haliburton long strategy. The strategy is obviously best in a choppy market where stocks pretty much move up, then back down where you add positions, then it goes back up again. The video that’s on our website under “strategies” shows a net gain of $8000+ in about 7 months if I remember correctly. I could be a little off, but that’s pretty close.
So, I downloaded the strategy in the members area. Someone obviously pretty savvy created it. Haliburton is trading in the 50′s and that price is a little high for me to work with by opening a position and then adding more positions if it moves against me.
So, I focused on other large cap stocks that have been moving in a choppy pattern and decided on Microsoft that is trading in the twenties. I modified the strategy for Microsoft only, since the stock price is about half of HAL I cut the price it has to go down to add a position in half and let it run on January 3rd. The results for those to trading days are below and include some multi-day trades using my statistical strategy:
As you can see I’m trading MSFT in 200 share lots up to 600 max on 3 trades if full executed. Here’s something you can’t do with a standard trading account that you can do with CoolTrade. Let’s say you have your first trade move against you so the system executes another trade. Then the price starts moving in your favor so you have one profitable position. With this trading system you can direct the profitable lot to be sold so you can take the profits and wait for the original trade to move into profit.
With a regular trading account you can’t sell a specific lot. You sell 200 at a blended price and you have 200 still open at a blended price. This is a powerful point because you can continue taking profits on profitable trades while your original trade may still be negative. Since the market functions by moving up and down most the time, you can usually keep taking profits and wait for the initial lot to move into profit.
Anyway, you can see $397 in profit since Dec. 31st with no losing trades. I currently have 4 trades open (that you can’t see) with one in the red and three in profit. A number of these trades (non Microsoft) are from my statistical strategy. Now you can see why testing in simulation mode is so important. You have to tweek what you do to adapt to a strategy, market conditions and your account size. I’m guessing I’ll likely trade in simulation for 2-3 months. You’re always going to have losing trades, but the obvious goal is to have strategies that maximize gains and minimizes losses.
I took this MSFT Long strategy and created a reverse Short strategy to take advantage of obvious bear or bull markets. It works the same you just reverse the criteria on your trading platform.
I love CoolTrader Pro. Absolutely love it. I coach and train real estate agents during the day and the software boots up 5 minutes before the market opens. I come home from work and see the results and I can use that are as simple or complex as any trader uses that has to sit in front of a computer all day (can you say Nightmare!) and get results that are just as good without any emotional mistakes eroding my profits. If you’re interested and want more information just go to my website. Or you can call me at 262-745-2096. I’ll answer any questions you have to the best of my ability and just remember, I’m not a financial adviser. My success has nothing to do with your success. I’m just showing you my results as I learn the system.
April 28, 2013
Hey, it’s been quite some time since I’ve posted here. Thought I’d give a quick update for those wondering where I’ve been since this blog is getting so much activity.
So far I’ve taken profits consistently on all positions except about 8 that I can count. I’m up $4723 net, but have one position open that I’m riding out that’s now down about $1600. It actually clawed back to about down$800 or so then sank again or the gains would be higher.
The strategy I’m using now is looking at sectors that are moving up given the state of the economy and opening long campaigns for those stocks. Specifically in this case, the home builders have been bullish for about 6 months so I thought, why fight the tide, so I used the Haliburton long strategy with KB Homes and it’s been making money consistently for the last 60 days. Because of the trend in homebuilding, this in my opinion should be a great profit producer for some time. Every time it has a down day, 2-3 up days follow and the uptrend allows me to feel confident to run without stops.
So that’s an update for those looking at CoolTrader Pro. Since I work and coach real estate agents, it’s been a blessing to have this running in the background of my life. Maybe you’re in the same situation?
The views expressed on this [blog/website] are my own and do not necessarily reflect the views of CoolTraderPro, or any other party or affiliate. I am an Independent Associate with Cooltrader Pro.