July 24, 2008
We are beginning to put the finishing touches on the
Automated Version of the QID and QLD strategy. Most of
you know that the backend is already built, and we
already integrate with Option Xpress. The Manual system
has been re-designed for efficiency as well, and this is
being tested for bugs right now.
The new and more efficient alerts viewer will make
trading QID and QLD seamless. I have included a graphic
of Thursday's session below, and although the graphic
shows annualized returns that are impressive, I want you
to focus on trade group #2; that was the losing
strategy. The spread risk has been significantly
reduced as you can see, and that was the goal of the
In addition, I have recently integrated automated QID
and QLD pricepoints into the system so that we can track
performance every day from this point forward. This
will be available to you in a few days, but for now it
is only visible by me. The results in the graphic come
directly from that integrated automated system.
Appealing as the QID and QLD strategy may be, there are
restrictions I will impose.
First of all, I am not likely to allow more than $100K
accounts for this strategy, at least not yet.
Second, you must open an account at Options Xpress using
the links on the Beta Site. Then you must confirm that
your account has been set up with day trading margin,
and that it has been approved for automated 3rd party
trading systems. You will need to contact OX after you
open the account to do this.
Third, you must make real trades with the ATAP - Single
Stock program before we will allow you to integrate the
QID - QLD strategy. These are done exactly like the
trading simulator on the Beta Site. You should be
practicing every day by using the simulator, because we
will require you to use this system with real money for
at least 3 days before we will allow you to transition
to the QID - QLD strategy. This confirms to us that
your account is set up properly. Only simulated trades
are available on the beta Site, but real OX trades will
be integrated shortly. You will have the choice between
real and simulated trades always.
If you intend on using the QID - QLD automated strategy
Open an OX account using the link we have on the Beta
Practice Making Trades in the trading simulator on the
Beta Site every day.
Begin to monitor the performance of the Alerts Viewer
Fund Your account within the next 2 weeks and make a few
Be ready when we 'flip the switch,' which will probably
be in 3-4 weeks.
Here's the QID - QLD from Thursday; realize a $50K
account would be annualizing +115% using these same
numbers + OX commissions:
Thomas H. Kee Jr.
Thomas H. Kee Jr.
President and CEO
Stock Traders Daily