Auto trading lets you execute trade alerts from a newsletter provider such as SilverSurferTrades
into your brokerage account so you don’t have to manually enter in the trades yourself.
They, in turn, have partnered with:
…to connect to your brokerage account and execute the trades from our alerts.
Automated trading is a direct agreement between you and your broker/GlobalAutoTrading,
not between you and LST101. We have no control over your account.
When we send an email alert to your broker at the same time you receive it,
your broker will execute on the recommendation on your behalf.
AutoTrading from a newsletter recommendation like ours is different from the “AutoTrade Programs”
that some brokerages such as Interactive Brokers and ThinkOrSwim have.
These “autotrade programs” let you set your own computerized rules and
the system automatically trades based on those rules (i.e. when the 50 mavg
crosses the 100 day mavg, then buy etc).
That’s different from AutoTrading a newsletter.
AutoTrading a newsletter is placing trades based on a newsletter
recommendation such as the ones we provide.
2) Have a funded account at any broker listed above. We recommend a minimum $10-$15k allocation
3) Contact the autotrading broker (Global Auto Trading if using Interactive Brokers) and fill out the proper paperwork to autotrade with SilverSurferTrades.
You will have the capability of adjusting what % of our trade recommendation
you want to execute and may even be able to change it over time.
4) Once they verify with us that you are an eligible member, you are all set.
You will still receive text/email alerts, but the broker will take care of
the trading for you.
Not only will you learn about the stock market through weekly video updates, daily blog updates, and how exactly the market is moving in context of wave patterns that we study day in and day out, but you’ll also have the trades automatically executed for you.
This is great especially if you are:
The more, the better. We recommend a minimum of $10-$15k.
Most brokerages have a minimum amount (usually $10k) for a Reg T Margin account. You will need a margin account so that we can replicate the size and scale of some of the futures trades that we do.
You should recognize that any investment involves risk and should not be funding the account with money that you urgently need.
Also, autotrading firms let you choose a multipler. I generally recommend trade sizes according to a$20k account — and i try to use < 50% of the capital — so less than $10k of that $20k account — and would only dip into the remaining portion if I really see something.
If you choose a multiplier of .5 — than your trade size will be half that of what I recommend.
If you choose a multipler of 2 — than your trade size will be twice that of what I recommend.
You can choose your multiplier with the autotrading service.
At the moment, Global AutoTrading does not provide futures auto-trading capabilities.
That said, GlobalAutoTrading does provide auto-trading capabilities in ETFs and Options.
As such, if we do alert a futures trade, we would need to to construct that same market view using a combination of leveraged ETFs (such as UPRO for the S&P or TQQQ for the Nasdaq) along with call/put options to roughly simulate the size of 1 E-mini Futures contract (ES) — and send this alert to Global AutoTrading, who will then route the orders directly into your brokerage account.
The sizing may not always match up exactly with a futures contract – as the amount the position increases or decreases may change as the market moves and as the position itself gets smaller or larger. Still, we believe this exact sizing replication should be of secondary concern because it’s more important that the trade is actually right–which is our number one priority.
If you use Interactive Brokers or Etrade, you will have to go through Global AutoTrading – and they do have a fee. For accounts <$100k, they charge a monthly fee of $70 for the first newsletter, $30 for the second newsletter, and $10 for each additional newsletter.
There will be performance fees that match the industry standard for a typical hedge fund: 20% performance fees. For now, since there is no easy way for me to collect money from you, I won’t go after you as it’s not easy logistically. But the general idea is to structure this such that it’s a win/win for both sides and I have an incentive for doing well in your account. I do I reserve the right to change policy in the future.
Legally, for non-qualified investors with <$2M net worth, I am not allowed to charge a performance fee. Only high networth individuals are allowed to “pay for performance.”
So in order to include non-high-net worth individuals in our strategy, we would need to charge a higher management fee since there would be a 0% performance fee. Ideally, if my performance is negative for a given month, then the management fee would be waived. If it were positive, then there would be a 1-2% monthly management fee. This service would operate under a separate legal entity (Silver Surfer Capital Management, LLC) that operates separately from the LifeStyleTrading101 newsletter service.
But for now, we are a newsletter that simply charges a yearly newsletter fee and temporarily offering the auto-trade component as a courtesy until we set up the new legal structure.
No, we is not possible for us to take your money and run. First, we do not even have control over your money. Your money is stored with your broker — whether Etrade or Interactive Brokers or another broker. You simply authorize for our trade alerts to be triggered in your account. At no point do we have access to your money. We don’t even see what is in your account — unless you send us a screenshot of what’s in there or provide us read-only access. Many people send us screenshots just to confirm that their account looks ok. But other than that, we do not have any access to your actual funds.
According to the Investment Advisors Act of 1940 (SEC.gov link), a “publisher of a bona fide newspaper, news magazine or business or financial publication of general and regular circulation” is not required to register as an investment advisor.
Since SilverSurferTrades alert service and corresponding investment newsletter with LifeStyleTrading101 is a publisher of general circulation.
During a well known Supreme Court case of Lowe vs SEC, it was determined that as long as these 3 requirements were met, then it would not be necessary to register as an investment advisor with the state or the SEC.
Since SilverSurferTrades satisfies the above 3 legal requirements, it is not necessary for LifeStyleTrading101 / SilverSurferTrades to register as an investment advisor.
No, there is no obligation to autotrade for any length of time. If you try it and decide it is not for you, you can cancel autotrading at any time. You would still have access to our SilverSurferTrades via conventional email and Whatsapp text alerts.
Bob: $2,400 in profits
in first week of autotrading —
more than covering the entire cost of his Yearly SilverSurferTrades membership
Notice we use ETFs and Options to replicate our market view since
futures are now allowed yet in autotrading.
Note that these were amazing results for our client. Just note that past performance is not necessarily indicative of future performance.