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How to use plusonetrader.com with a retirement account.
Written by Ben Riddle
Sunday, 16 November 2008 12:45
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Log into the site within 15 minutes of the end of the trading session (3:45PM to 4:00PM Eastern Time).  Subscribers will have access to the current Trader's Signals on the Home Page. 

Follow any or all of the Trader's Signals posted for that day listed EXCEPT STOCKS LISTED UNDER "Stock: Shorts."  IRS regulations do not allow for Short positions to be taken in a retirement account.  In order to be able to profit from the downside movement of the markets, we suggest buying Exchange Traded Funds (ETFs) with a short bias when posted in the Trader's Signals.  Buying any of these short biased ETFs is essentially equal to shorting the corresponding sector or index.  See Exchange Traded Funds (ETFs) Followed for the list of ETFs that will be seen in the Trader's Signals.  

We recommend that you use roughly 2% of your account value per each trade.  If your account is between $25K and $50K, use 4% per trade, and if your account is between $10K and $25K, use up to 10% per trade. 

After the market closes, return to plusonetrader.com and place a Good 'til Canceled Order (GTC) Bracket Order to sell at or near the prices specified for that day's Trader's Signals. 

 

Last Updated ( Tuesday, 06 January 2009 20:40 )