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Covestor and similar sites (www.covestor.com)


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Covestor and similar sites (www.covestor.com)

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  #1 (permalink)
Williamsburg, VA
 
Experience: Intermediate
Platform: ThinkorSwim
Trading: Stocks
 
worldwary's Avatar
 
Posts: 523 since Mar 2010
Thanks: 259 given, 789 received

I am trying to learn more about social investing websites such as covestor. My primary interest in such a site would be to start developing a track record so that I have something objective to point to other than my own trading results, which no one would have any reason to believe.

If anyone has posted a system on covestor or a similar site that tracks system performance, I'd appreciate it if you could post a bit about the experience and how strongly you'd recommend it.

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  #3 (permalink)
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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Posts: 2,547 since Jun 2010
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worldwary View Post
I am trying to learn more about social investing websites such as covestor. My primary interest in such a site would be to start developing a track record so that I have something objective to point to other than my own trading results, which no one would have any reason to believe.

If anyone has posted a system on covestor or a similar site that tracks system performance, I'd appreciate it if you could post a bit about the experience and how strongly you'd recommend it.

I lost about 85K on Zulutrade. Of course, none of it was their fault.

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  #4 (permalink)
Fullerton, CA
 
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 received

There are a few decent services. Striker, Attain, and Collective2 come to mind. Nothing in this field is perfect.

What do you seek to accomplish?

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  #5 (permalink)
Williamsburg, VA
 
Experience: Intermediate
Platform: ThinkorSwim
Trading: Stocks
 
worldwary's Avatar
 
Posts: 523 since Mar 2010
Thanks: 259 given, 789 received


Tundi View Post
There are a few decent services. Striker, Attain, and Collective2 come to mind. Nothing in this field is perfect.

What do you seek to accomplish?

I have a swing trading system I've been playing around with. I'd ideally like to find a site that would track its performance automatically, without having to link a live trading account (as required in covestor as I understand it). Also don't want to have to pay a lot for the privilege.

I figure if the system works well over time, it would be nice to have developed a track record through one of these sites rather than simply recording trades on my spreadsheet at home. I have no illusions that I'll be trading anyone else's money so that's not an important goal at this point.

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  #6 (permalink)
Fullerton, CA
 
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 received


worldwary View Post
I have a swing trading system I've been playing around with. I'd ideally like to find a site that would track its performance automatically, without having to link a live trading account (as required in covestor as I understand it). Also don't want to have to pay a lot for the privilege.

I figure if the system works well over time, it would be nice to have developed a track record through one of these sites rather than simply recording trades on my spreadsheet at home. I have no illusions that I'll be trading anyone else's money so that's not an important goal at this point.

Try Collective2. You can run the system in SIM and pay a nominal fee for the privilege to have the trades posted live as if they were audited.

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  #7 (permalink)
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,833 received


worldwary View Post
I have a swing trading system I've been playing around with. I'd ideally like to find a site that would track its performance automatically, without having to link a live trading account (as required in covestor as I understand it). Also don't want to have to pay a lot for the privilege.

I figure if the system works well over time, it would be nice to have developed a track record through one of these sites rather than simply recording trades on my spreadsheet at home. I have no illusions that I'll be trading anyone else's money so that's not an important goal at this point.

Some sites will audit your statements for you. However, sim doesn't count ever.

Just please don't be a loser who wants others to take their risk and isn't man enough to actually take the trades with their own cash. The world has enough cowards.

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  #8 (permalink)
Fullerton, CA
 
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 received


bluemele View Post
Just please don't be a loser who wants others to take their risk and isn't man enough to actually take the trades with their own cash. The world has enough cowards.

Sounds like the entire universe of trading "educational services" and their live chatrooms.

Personally, I have no issue with Sim results from third party signal providers. At least they are verified and there's no way for a developer to talk or dance his way out of poor published performance. What you see is going to be close to what you get whether Sim or cash.

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  #9 (permalink)
US
 
 
Posts: 6 since Jan 2011
Thanks: 3 given, 1 received

Try zignals.com

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  #10 (permalink)
Wayne, NJ USA
 
Experience: Intermediate
Platform: Multicharts, Deltix DCS
Broker: Interactive Brokers/IQ Feed
Trading: ETF Options
 
Posts: 41 since Oct 2012
Thanks: 7 given, 37 received


Is there a site like covestor but has the ability to track option trades?

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