Stocks & Commodities V. 31:4 (44-47): Product Review: Ditto Trade by Donald Pendergast

Stocks & Commodities V. 31:4 (44-47): Product Review: Ditto Trade by Donald Pendergast
Item# V31C04_530PRDITTO
Availability: In Stock

Product Description

Product Review: Ditto Trade by Donald Pendergast


200 W. Monroe St., Suite 1675, Chicago, IL 60606



Phone: 877 99-DITTO

Fax: 312 263-8333

Product: Trading platform

Price: Free with a brokerage account

Imagine a scenario where you open and fund a brokerage account, download one of its trading platforms, and then review the real-world trading track records of a group of high-performance traders and/or trading advisory services with attractive returns. Since you have little or no time (or inclination) to put in the hundreds of hours required to build your own trading system from scratch (assuming you have the years of market experience and education to do that in the first place), much less seven hours a day to monitor the markets, you simply scan through the list of performance rankings and decide to sign up for a trading service that will allow you to take the exact same trades, and as part of the same block trade as the lead trader at the advisory service with the great track record.

The cost for such a service might run from $25 to $99 per month (or maybe more, depending on the style of trading, types of markets traded, and so on), but since the trading service you’ve signed up for has such a terrific real-life track record, paying such a monthly fee appears to be a bargain, far outweighing the monthly subscription fee.

Even better, you retain control over your trading account and with a simple click of a button can choose to opt out of certain trades or, once a trade is initiated by the trading service, you can opt to manage the trade on your own and close it early, add more shares, or hold the open position for as long as you like. Even better, you no longer have to do your own after-hours market research, scanning for stocks, testing and running systems, placing your own orders with your broker, checking the next morning to see if you were filled.

In short, you now have all the advantages of having access to a winning methodology for your own trading account but without having to devote all of the time and effort needed to operate and maintain it.

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