ScaleTrader has performed very well, however like with all commodities the focus has shifted to oil and energy. DUST had opened and closed 15 short positions with a target of $100 each through its trial run. It net approximately $100 per day with little to no work, but with the shift in gold prices and the ETF itself over the last few days I may need to relook at the range it trades within so that it can remain profitable…
Today I am sharing the results of the ScaleTrader post I made earlier this week. DUST is a relatively volatile stock so it was a good candidate to try it out on. I crossed out two trades in the report that were done manually and were not done by ScaleTrader. These equate to an adjustment of -496.55 off of the total realized P/L, so the actual realized for ScaleTrader alone is 592.94 on DUST. Not bad for two full trading…
I am a huge fan of automating my stock strategies as it usually means that I won’t have to worry that I keyed in something too slowly on my phone or computer when trading. Or worse I made a mistake when buying or shorting a security like what happened below! On the bright side that mistake cost me less than $5 with commission. So what is ScaleTrader? ScaleTrader is a tool that interactive brokers has to scale into and out…