Financial Freedom Institute - FFI :: Otrader® Portfolio Management Software

OTrader® Portfolio Management Software Your partner to trading excellence. Ever been in a trade and felt unsure about the position? Do you ever get into a trade without knowing the full risk of your position? Do you ever hesitate when taking a loss?

If you have ever experienced any of these circumstances, then your trading without predefined entry and exit methods. I hope you’re saying to yourself ‘but I have a written trading plan that I follow’. As you know a trading plan maps out your overall strategy but as each trade is unique, you need to plan each trade! Having a predefined road map for each trade greatly diminishes the emotional control trading can have over you. Creating a road map for each trade is vital for consistent trading results. Without this predefined road map you may be swinging from emotional highs to lows with each trade you take.

How to reduce your emotional swings with each trade.

It is paramount that an individual trading plan is the key to success. Having the overall strategy in place gives you the guidelines but as each trade unfolds you need to be ready to take action. Taking action is one thing, but taking the right action is a totally different ball game. If you have ever been in a trade and had to make a decision on the fly, I am sure you know it often wasn’t the best decision in hindsight. Having predefined answers to your questions is the key to removing the emotional element of the trade.

Questions like:
• Do I take profits now? • Do I take the loss now? • Do I close it now or wait for the afternoon session? • Do I add to the position?	• Do I reduce the position? • Do I roll up, roll out or roll down? • Do I write call options now or wait?

The five essential elements for each individual trading plan.

1. Determine your maximum risk for the trade
This may sound strange but step one for any trade is calculating your maximum loss for that given trade. By knowing your maximum risk before committing to the trade, you gain a better understanding of the risk reward ratio (RRR). For instance, if you look at a trade and determine your entry price is $10.25 and your stop loss is $9.85 you’re risking $0.40. Now by looking for the potential profit of the trade you determine your exit price will be $10.65. So your potential profit becomes $0.40. This makes a RRR of 1:1. Not very rewarding at all. Your goal as a trader is to locate trades with a higher RRR. Looking for trades with at least a 2.5:1 RRR is a good start.

2. Set trading goals
As with any other business, you need to know what you want out of your trading. One of the most common mistakes with trading is that people set goals of ‘I want $10,000,000 by next Tuesday’ and I want to use my $10,000 capital to do it with. As we all know the chances of this occurring are not realistic. Be realistic with your goals and set goals that relate to your trading.

3. Be disciplined
Trading, as with all things worthy, requires self-discipline. The definition for discipline is as follows: the training of the mind and character that produces moral or mental improvement,
a branch of learning or a mode of life in accordance with a system of practical rules and training that is expected to produce a specific character or pattern of behaviour.

As you can see having discipline is the key element to potentially improving your results as a trader. Trading can be compared to playing a sport like tennis. Without the discipline to train everyday you have no chance of becoming the best of the best.

4. Setting entry / exit rules
This is everyone’s favourite. Where is my holy grail that will make me a fortune! When do I get in and make the money! Even if there was a holy grail, most traders would still fail, as they do not have the discipline to follow their system. Although the entry and exit are extremely important, they are just one aspect of your business. Imagine starting a café and having the best customer service but not serving coffee. You business won’t last long! As with the rest of your trading, you need to plan when to enter and exit. You should have specific triggers that, when activated, will be acted upon without hesitation.

5. Keep excellent records
All good traders are also good record keepers. If you win a trade, you want to know exactly why and how. Likewise, if you lose a trade, you want to know why so you can avoid the same result in the future. By writing down details such as: targets, entry and exit methods for each trade, support and resistance levels, market open and close for the day, and recording comments about why you made the trade, you will be in a better position to access your results.

By saving your trading information, you will be able to go back and analyse:
the profit/loss for a particular system, draw-downs (which are amounts lost per trade using a trading system), average time per trade (which is necessary to calculate trade efficiency), and other important factors. Remember, this is a business and you are the accountant.

After each trading day, adding up the profit or loss is secondary to knowing the why and how. Write down your conclusions in your trading journal as a reference point to be viewed anytime.

For a demonstration of what this software can do for you select any of the following subject links.

Having the right tools at your disposal can make trading that bit easier!

Do you want to trade with more confidence? Do you want to trade without hesitation? The way to gain confidence in your trading techniques is by uncovering the details of what works and what is a total waste of time and money. This is where our trading tool, OTrader® Portfolio Manager, can assist you. By not only seeing the results, but actually seeing the mechanics of how and why, you will develop confidence in your techniques.

Are you a trader who:
• Requires better risk and money management?
• Requires better trading planning?
• Finds it difficult to monitor your open positions?
• Knows your exact portfolio position at the click of a button?
• Forgets about or under utilizes the power of your trading diary?
• Would benefit by gaining control over these key aspects of your trading?

OTrader® has been developed further by utilising the feedback of active traders and investors like yourself. Momentarily, we have developed the features that will potentially benefit your trading.

OTrader® Portfolio Software is DDE Real Time linked with Bourse trading software. 

Can you use a:

• Trading plan check list to ensure you accurately follow your predefined plan?
• Position size calculator enabling you to determine your correct trading size?
• Covered call calculator to determine the best returns for covered calls?

Can you:

• Track long and short trades that allow you to track your covered calls and written option strategies?
• Utilise an Option matrix, allowing you to enter and calculate complex option strategies with ease, saving you time when trading?
• View multiple leg option strategies, grouped as one trade, to quickly view the profit/loss for the entire position?
• Utilise automatic calculations for Tax, Brokerage and OCH fees, allowing you accurate records for end of financial year reporting?
• Operate twenty three (23) reports, that enables you to view and print trading data for a specific time frame?
• Utilise automatic calculations for breakeven, stop loss and profit targets giving you vital information with one click of your mouse?
• Reconcile your trading account, ensuring your broker has the correct information?
• View six (6) portfolio graphs, giving you a graphical view of your current trading performance?
• Save three screen captures with each trade, giving you the ability to quickly review past trades?
• Keep a detailed trading diary that allows you to save critical trading information about each individual trade?

The purpose of OTrader® is to assist you in potentially becoming a savvy trader/investor through "Self-evaluation". You simply must be in total control of all your investments. OTrader® will help you to identify any weakness in your trading plan, enabling you to turn weakness into strength.

Shane used OTrader to discover he was trading against the trend!

“I discovered the flaw in my trading after my Calls Graph out performed my Puts Graph. It told me I was trading against the market trend.”           - Shane A   Perth

Purchasing OTrader® is like getting the keys to your trading vault that is locked inside you. Once you realise the reasons behind your trading decisions, you will gain control over your trading performance.

You can spend years looking at charts or you can use mathematics and analysis to figure out what works and what doesn't. Once you have created your proven trading plan, you will gain confidence in yourself and your trading ability.

Here are four simple ways to order OTrader®:

• Click here to order your copy of OTrader® right now with our secure server. For $247 inc GST OTrader® is a tiny fraction of what you spend on brokerage for 12 months. There is a FREE 12 month technical support and upgrades system in place to assist you throughout the year.
• Call +61 3 9815 0728 (9am - 5pm EST) and mention OTrader®. A support member will efficiently assist you with any further queries and processing your order. Outside of business hours, please leave a message stating your name, your contact details and the best time to call. Our support staff member will contact you shortly.
• Click here to print out an order form and fax +61 3 9815 0729 or mail your order to Financial Freedom Institute, PO Box 2120, HAWTHORN VICTORIA AUSTRALIA 3122
• Click here to email our office with any further queries and to purchase OTrader® by attaching to your email your completed order form.
  

OTrader®  Portfolio Software FAQ's

Can I manage my share, option and warrant trading with OTrader®?

• Yes, OTrader can handle your share, option and warrant trading all in the one program.

Do you offer support for registered users?

• Yes, when you purchase OTrader® you also receive 12 months of support. We value the importance of our support structures. Otrader® has a leading support program in place to provide you with ongoing complimentary assistance, limited to a 12 month period from your original date of purchase.

Can OTrader® run in a multi user/network environment?

• Yes. OTrader® can be run over a network but will require another license for a second computer (if applicable).

How many portfolios can I have with OTrader®?

• You can create unlimited portfolios with OTrader®. As an example, this enables you to have a paper trading/testing portfolio and a live portfolio all under the same licensed software.

Do I receive free updates/upgrades after I purchase OTrader®?

• When you purchase OTrader® you will receive all updates and upgrades for up to 12 months from your original date of purchase. If you wish to extend your support and upgrades service after the initial first year Click here

I have more than one computer. Can I run OTrader® on more than one computer?

• When your purchase OTrader® you buy a single user license which allows you to run OTrader® on one computer. If you wish to use it on your other computers please contact us so we can discuss your specific licensing needs. Our secure online activation process allows us to create multiple licenses for any one user for a nominated fee. Click here

Can I print reports of my trading activity utilising OTrader®?

• Yes. OTrader® offers you a selection of 23 reports that enables you to print and view your trading history.

Can I run OTrader® on a Mac computer?

• OTrader® is designed to run on a windows platform. We do have users who run OTrader® on a Mac using an emulator.

How does Otrader® software decide on what features are to be further developed?

• We receive valued feedback and run surveys with our users to identify additional features that are beneficial to the user. Hence, added features may be incorporated and further developed to suit your specific needs through open communication with our Otrader® Development Team. This exceptional OTrader® software always strives to be user friendly.