Auto Trading

Monthly Cash Thru Options works closely with several on-line brokers to offer auto-trading to our customers.  Auto-trading is a service where your brokerage account is traded automatically based on recommendations published by Monthly Cash Thru Options.

At the end of each monthly cycle, we send an auto-trade report to our auto-trade subscribers. To see an example report please click on AutotradeReport.

We currently offer auto-trading through OptionsXpress, TradeKing, ThinkorSwim, eOption and AOS.  If you are interested in our auto-trading program and don't see your broker listed, please contact us and we'll contact your broker to see if they support auto-trading.

The process of signing-up for auto-trading is as follows:

1) Become a paying subscriber to Monthly Cash Thru Options Advisory + Auto Trading Service.  To learn more about packaging and pricing please go to the Subscribe page.  Unfortunately, the 30 day free trial does not apply to auto-trade accounts.

2) Open an account with one of the brokers mentioned above and fund the account.  It's recommended to fund your account with a minimum of $5000.  It's not absolutely necessary to start with $5k or more, and you can start with less, especially if you want to just try the service out for a few months.  However, a minimum of $5k is recommended since the cost of the MCTO service, plus commissions, will impact your returns less.  Please call us toll-free at 877-248-7455 if you would like to talk more about this.

3) Within your broker's website, set your account to be auto-traded by Monthly Cash Thru Options.  Then set your "trade allocation" variable to trade a specific dollar amount per trade alert; you also need to hold 25% as reserve cash in the same account or in a outside checking account.  (We need reserve cash for the one or two difficult months each year where we will need to make adjustments; for more on the topic of why we need reserve cash please visit the FAQ Page)  As an example, let's say you have a $20k account.  You would hold $5k of this (25%) as reserve cash and you would have $15k to invest each month.  In this case you would set the trade allocation variable to $3k where $3k of cash is invested for each trade alert.  We send a maximum of 5 trade alerts per month to fully invest your cash, so after 5 alerts you would have invested $15k - and you would still have $5k of reserve cash sitting in the account ready to be tapped when needed.  If/when we need to tap your reserve cash we would issue a 6th trade alert, and maybe a final 7th trade alert to tap all of your reserve cash.

4) Regarding your reserve cash, you can either keep it in the same brokerage account, or you can put it in an outside checking or savings account. If you plan to use an outside account, please set up the account so you can electronically transfer the reserve cash in and out of your brokerage account when needed.  We will notify you when we think we might need to access the reserve cash. (Electronic transfer is usually accomplished via ACH, which is supported by most brokers and banks)

5) If you are auto-trading in an IRA or Roth IRA account, because moving cash into and out of the account is prohibited, you'll need to hold your reserve cash in the same brokerage account.  If you have any questions about how to set up an IRA account or regular taxed account, please call us toll-free at 877-248-7455.

For OptionsXpress, here is a description of how to set the trade parameter:

1) Select Monthly Cash Thru Options as the auto-trade publisher

2) To set your account to trade a certain dollar amount per trade alert, you would select "specific dollar amount" in the drop-down parameter window.   Then in the "trade amount" box type "3000", (using the example of trading $3k/trade alert) which sets the "specific dollar amount" parameter to $3000.  Therefore, when we send a trade alert to OptionsXpress, $3000 will be used in that trade.

More about OptionsXpress - Please visit the following link to learn about their Xecute auto-trade capabilities:  http://www.optionsxpress.com/ welcome/faq/xecute_settings.aspx.
 
More about TradeKing - Please visit the following link to learn about their auto-trade capabilities:  http://www.tradeking.com/p/home/tradeking/tour/ onlinetradingplatform/autotrade.tmpl.

Fore more about AOS - Please visit the following link to learn about their auto-trade capabilities:  http://www.aosbroker.com/autotrader.aspx

More about eOption  - Supported by over 30 years of options experience, eOption was established in 2007 as a division of Regal Securities, Inc., member FINRA/SIPC, a Chicago area broker/dealer since 1975.  eOption gives strategy traders the edge, with value and strategy-centric trading capabilities. eOption has established compelling pricing of $3 plus 10 cents per contract for options and $3 stocks. Analytics, strategy scanners and one-click closeout of multi-leg orders make complex order entry simple. Trade up to 4-legs from a single screen, displaying a real-time quote on each leg of an order. Other products include mutual funds, fixed income, and no annual fee IRAs as well as a direct access trading platform for high volume traders.  For accurate and straightforward trading, access to experienced brokers, and great value: Exercise your option to save with eOption. For more information about the eOption auto-trading service please visit http://www.eoption.com/auto_trading.html.