FAQs
Have questions about our Trading Systems? Get more details and find out if automated trading is right for you.
Day trading refers to buying and selling securities and stocks, then selling them within the same day with the goal of making a profit on the futures contract that they are paying to lease. Day traders complete their trades anywhere from seconds to minutes, and it is the opposite approach to long-term investing. By the market close of that day, a day trader will have closed all their positions/trades for that day and will be aware of their total gains or losses that incurred during their trading that day.
It is important to note that according to the IRS, day traders, are not investors. To become qualified as a day trader, this means you approach buying and selling stocks and securities as a business. Day traders are taxed differently from investors, and if it makes financial sense, they can set up a day trading LLC or S corporation, although most day traders remain sole proprietors.
You can use our day trading systems on any symbol of the stock market; however, we tend to focus on the ES Chicago Futures market, and do what is called Price-Action Trading. This ES symbol is made up of the S&P 500 and are a type of derivative contract where buyers can buy the contract for an investment price that’s based on the expectation of this index’s future value – regardless of if it is higher or lower then when purchased. The S&P 500 futures contract (ES) gives day traders the ability to speculate on the future value of the index by buying or selling futures contracts on their brokerage platform. This is how futures traders can make money trading regardless of if the overall stock market is rising or falling.
No, it is not a requirement for you to have any past or present knowledge of day trading to use our automated day trading systems. We have designed and built our automated day trading systems, precisely with beginner day-traders in mind.
We’re glad you’re excited! The next step is to either contact our sales department by email, telephone, or text, to let them know you’re ready to move forward.
We will then find a day and time that works best for YOU, and you will get to spend 2 hours with our technical department via Skype in which they will: install ninjatrader 8 and 2 week data feed trial on your computer, install the automated trading system of your selection, add in all your trading strategies for you, as well as spend time walking you through the usage of Ninjatrader 8 trading platform, the basics of how to start/stop the automatic trading system to let it take trades, and walk you through the plan we have to get you ready to go to start live trading!
Nope! We believe that you are paying us for the convenience and ease of beginning your day trading business. We will provide all pre-built-in strategies that will come pre-loaded into each automated day trading system. You’re of course welcome to add in your own strategies if you’d like to, but we pride ourselves on our system’s consistency utilizing the strategies that will already be built and ready for use upon your purchase of the system.
Not at all, we are here to help assist you in creating all these things with your purchase of the system. After you sign up for the 7-day trial and are on our download schedule, we will personally walk you through that process and answer any questions you may have around it.
Absolutely! Our systems are compatible with interactive brokers as well, however due to the efficiency of Ninjatrader 8, we always recommend utilizing their platform.
We pride ourselves on being 100% transparent in all fees and charges that are involved in the purchase of one of our automated day trading systems. The only annual fee for the automatic trading systems themselves, is a company yearly maintenance fee which is clearly outlined in the sales contract/agreement you will receive when you let us know you’re ready to move forward with purchasing.
If the IRS agrees you meet the day trading benchmarks the tax laws require in your personal state of residence, then this means you are legally self-employed in your own (day trading) business. You do not have to incorporate a day trading business if you don’t want to, and by default your day trading business will be a sole proprietorship. You will report any trading profits/losses as capital gains on Schedule D, and typically put your day trading business expenses on Schedule C
No, we believe in offering community to our traders and opportunities for the to connect with each other, and contact the team here at Transparent Trading LLC, with all questions they might have. We always recommend visiting our Resource page and this FAQ page to answer most of your questions, but if you are still struggling with anything, we want you to contact us directly about your issue, and someone from our team will get back in touch with you within 24-48 business hours to assist with whatever challenge(s) you are facing. We realize the day trading world is one that most people unaware of, and being brand new to it, there can be several questions you’ll have. We solidly believe that you can never ask to many questions, and there’s no such thing as a bad question.
As our team here at Transparent Trading LLC grows and continues to expand, we plan to start offering frequent training/boot-camp sessions for all our members to participate in where they can ask questions in and have access to our trading staff and members to share and exchange their ideas and knowledge with. We also offer personal trading sessions with our trading coaches, where you will have the ability to work on your day to day trading, learning how to improve your trading psychology, amongst many other things! In our staff here at Transparent Trading LLC, we have combined over 25 years of extensive in trading and learning how to manage any mental hurdles you feel like may be impacting your trading in a negative way. Please visit our products page, to book a personal coaching session with our fantastic and highly knowledable trading coaches today!
