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How to use plusonetrader.com with a Non Retirement Account.
Written by Ben Riddle
Friday, 28 November 2008 08:45
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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. 

We recommend that you use roughly 4% of your account value per each trade.  By using 4% of your account value per trade in a cash account (read, not using Margin) you will be able to carry up to 25 positions.  If using a Margin account, you will be able to carry about 50 positions.  If your account is between $25K and $50K, use 8% per trade, and if your account is between $10K and $25K, use up to 20% per trade. 

Carrying up to 50 positions may seem like a lot of work.  The beauty of this system is that you don't have to monitor anything. 

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

Note: The Trader's Signals are most effective when used within a Margin Account.

Last Updated ( Monday, 19 January 2009 10:50 )