Unless you’ve been living in a cave for the last year or two, you probably heard all the hubbub about Gamestop’s stock price and the Robinhood trading platform that made it possible for individual investors like you and me to have such an outsized impact on the market. Crazy, huh?
You might be tempted to think that this was a fluke but it’s really just the next step in an important trend. Over the last decade, the walls that kept everyday people out of the trading world have come crumbling down. With trading platforms like Robinhood and Webull, trading costs have gotten cheap or free, making it easier than ever for average investors.
This all started years ago, back when trading was limited to wealthier folks with access to hedge funds and financial advisors. Then the revolution began. Discount brokers like Schwab and Fidelity slightly lowered the barriers to trading with lower trading costs and easier access. Now, years later, financial markets have become accessible for everyone. From our point of view, this is great news!
You may be excited about jumping feet first into this new world. But you may also be overwhelmed.
When you begin participating in the markets, you’ve got a million choices to make. What stock should you trade? How much of it? If the stock you picked falls, when should you cut your losses? Or should you maybe wait for it to go back up? If stock is on a run, when should you sell and take your profits?
Figuring out the answers to these questions on your own can be really stressful. That’s a problem because stress and other emotions can ruin the best laid plans of traders. It’s easy to have trading principles, but it becomes a lot harder to follow them when you are watching your stock picks plummet. When emotions rule, you might end up cashing out too early, or clinging to an asset for far too long. This can create a cycle of panic, causing some people to think they need to recoup all their losses in one trade.
High net worth traders can also get stressed and indecisive while trading, but they have a lot of options. If a wealthy investor doesn’t know what to do with a position, they can consult their financial advisor. Most wealthy investors are totally removed from the investing process because they give their money to a hedge fund or wealth manager and pay handsome fees to avoid the stress of managing their own investments.
But if you’re thrilled by the hunt and can’t or won’t pay a professional to help you manage your trading, there’s another way to reduce your stress - automating your trading. Automated trading lets you define what you want to buy, how much to invest and when to get in and get out. A crazy-smart computer then works as a trading robot, making trades for you based on your instructions. The computer watches the markets, continually evaluates whether certain conditions are met, and keeps regular tabs on all your open trades 24/7.
Because the computer trades automatically, the pressure to make snap decisions is gone. And the errors caused by knee-jerk reactions or by human fat fingering are eliminated. Instead of spending your time pulling your hair out about when to enter or exit the market and straining your eyes watching price charts, you can focus on the things that are important to you. You know, like bigger and better trading opportunities and the new Thai place around the corner.
As cool as automated trading is, it’s not exactly a no-brainer. Creating automated strategies usually takes a lot of computer science know-how. As a result, most automated trading has been done by tech geeks or wealthy traders who could afford to pay someone else to write the code, keeping automated trading out of the hands of most everyday traders. Until now, that is.
QuantFu is a code-free automated trading service that allows you to assemble and test your own custom trading strategies. That’s right, no CS degree required. The QuantFu interface was designed with drag and drop building blocks so you can create a strategy and start trading within minutes. You can “set and forget” or opt to receive notifications each time a trade occurs. If you’ve been looking for a way to trade better, QuantFu could be the answer.
QuantFu’s drag and drop interface
