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Can anyone recommend a service to track performance/establish a track record?
In order to safeguard the confidentiality and integrity of all of our users, as well as for compliance to Federal solicitation rules, FundSeeder data is only available to the registered user and may NOT be shared publicly.
But I do recall some user on another forum who freely shared his data online. It was great to see. Very transparent and verified through FundSeeder. Maybe the rules changed since then.
I don't think it would be a problem, though, as if I wanted anyone to see this data I could simply have them registert at FundSeeder which I believe is open for all and free.
The bigger problem is that they don't support Ninjatrader and my broker Ninjatrader Clearing.
You could use COLLECTIVE2 for stocks, ETFs and Futures, but there are monthly fees.
If you are willing to use CFDs then DARWINEX is an option.
WIKIFOLIO does cost you nothing, but it can`t be linked to your broker. Thus you have to replicate your trades.
They do provide (only) something like 8000 stocks, several 1000 ETFs, warrants and other structured products.
It still would be a problem in my view for two reasons. First, the FAQ states, "FundSeeder data is only available to the registered user and may NOT be shared publicly" which leads me to believe that you can only see your account. Second, if you share access to your account, you will violate "FundSeeder Terms of Service" but this is the least of your potential worries.
What is more worrisome is the last part of the FAQ - "it can be viewed by the SEC as a solicitation, and thus you would be in danger of running afoul of the anti-solicitation laws with the SEC". That part is more scary in my view even if unlikely to happen. My reasoning is that all it takes is a decision by the SEC (USA) to "reinforce" their image as "the Investor's Advocate that protects investors, promotes fairness in the securities markets, etc" to end up in a sample of people that they will investigate OR being "ratted" by a third party for having solicited funds successfully. Remember the Martha Stewart case of Insider Trading in 2004 - the SEC (USA) wanted and were successful in making their view that being a well known person couldn't stop them from putting you in jail. As an aside, what I remember is what the SEC (USA) considered "Insider information" in her case was debatable and likely many unknown people acted on the same information with impunity.
Having said all of this, I really believe that the odds are low to be legally entangled with the SEC (USA) but if it ever happens the impact could be huge. This is similar to winning a major lottery jackpot where the odds are low but money, social, etc impacts are large.
For those living outside the USA that think "it doesn't apply to me" I would suggest to think again. I live in Canada, and we have many provincial "SECs" and they tend to share their findings and coordinate their actions across Provinces and also with the SEC (USA). I suspect that the SEC (USA) has similar arrangements with other Countries. I have mixed views about these organizations: from very bad to good.
A bit late, but not a lot of companies would be willing to "verify" your track record.
If you want automated journaling/real-time syncing with NinjaTrader, you can maybe look into TradesViz (https://www.tradesviz.com/blog/auto-import-ninjatrader/). But there is no guarantee of "validity" or "verification" of track record.
True, but with Journalytix it will import the trades automatically in real time and is designed so that it won't let trades be deleted or edited, or allow other trades to be manually entered. So it does at least provide an accurate record of trades taken.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Real-time with limited brokers last I read and the most popular being NT8 which is also supported by TradesViz for real-time trades syncing and costs less than 1/2 their price.
Kinda off-topic, but IMHO, I don't get the point about "verifying" trade records. No journal can truly guarantee this and being able to at least group/split the trades the way you want is important for any journal. Taking away even that basic journaling functionality for "validity" of trades does not seem like a good trade-off to me.