Simultaneous bidirectional one-and-done's are one of the most powerful things you can do with Trade Unafraid.
Every morning, I set up around three to ten one-and-done's, and I have recently adopted the habit of always setting them to go either long or short. We've seen plenty of gap-and-go's, but there are a decent number of gap-and-crap's, as well. (Or gap-down-and-bounce-up's) All I'm looking for is a decisive move in one direction or the other.
So, the software evaluates between six and twenty possible trades simultaneously, and it only enters those that prove to be the best setups.
And then it manages them like an overprotective mother, grabbing profits quickly (bailing out of bad trades even faster), while still giving real movers room to run.
This has proven to be an extremely effective strategy. How effective? Well, I hope to have some analytics working in about a month, so I can give you real numbers. But if you read through prior blog posts, I think you'll get an idea of how frequently the OAD's work.
Obviously, there is no possible way to evaluate, let alone trade, this many trades by hand. This is something that only Trade Unafraid can do.
Everything filtered out but the Facebook OAD long this morning. It made a quick $80 while I was manually trading my Schwab account. In and out in twelve seconds.
Yes, there was a second FB trade that made $432, but that's not the point of this blog post. Why not? Because these simultaneous, bidirectional one-and-done's are all you need to succeed. The rest of the capabilities are gravy.
I'm trading small, because we are still working out the kinks. But it's no big deal to increase the size when trading stocks like FB, AAPL, BABA, or ZM. In and out in under a minute. Maybe a few minutes if you get a runner. No stress, hands-off trading.
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