When Alan first discovered options trading he started using covered calls in his portfolio. He was satisfied with the results, but knowing there was so much more to learn, he began searching for answers.
After searching multiple options websites, Alan discovered Option Alpha’s podcast while on a long car ride. It felt like everything finally started to click, and a new wave of trading opportunities became available.
“I’ve always been a fan of the site, the Community, and the strategy education. It really helped clarify options for me. And it was great to know I wasn’t alone in my questions.”
Alan especially enjoyed optimizing his trading techniques but found it increasingly difficult to manage multiple positions in different accounts.
So, Alan was eager to join the autotrading platform and jumped in as soon as it was available.
“The promise of autotrading was big for me because I saw its potential.”
Paper trading was a huge help and made me feel more comfortable
Option Alpa’s platform includes real-time paper trading to help traders test ideas and become familiar with autotrading
Alan was happy he could tweak his strategies before turning on his live bots.
“I’m very happy I was able to paper trade my strategies first. That’s a great feature.”
As soon as Alan had access to live trading, he simply took his favorite paper trading bots and added them to his live account.
“I put them in the live account and let them go. And then refined them a bit for bid-ask spread width, open interest, and other filters. It was that easy.”
Alan clones his bots to transfer his strategies between accounts quickly.
“Not having to re-build bots is a big help.”
Alan also used the platform’s Backtester to analyze the historical performance of his strategies.
“The Backtester helps a lot because it lets me see how each strategy performed over a long period of time.”
Before autotrading, it was a nightmare trying to keep track of everything
Alan preferred options selling strategies and experienced the same difficulties many manual traders encountered.
“I was trading different strikes, expirations, and tickers. I had multiple accounts. It was cumbersome, and it became very stressful for me.”
Now, Option Alpha and automated trading solves many of Alan’s problems.
“Autotrading makes my life a lot simpler from every perspective. It saves me time, helps me manage and exit positions better than I could manually, and is much more consistent.”
Alan feels much calmer knowing that his positions are being managed no matter what he is doing.
“I feel relaxed now. The bots have my back. I can finally get back to enjoying vacations!”
This completely changes the way I trade
Like many of our traders, Alan is a fan of SmartPricing and says he’s seen a tangible difference in his results.
“SmartPricing is a huge benefit to me. It saves me money because I’m getting filled at better prices than before. Every cent counts.”
Bots have even helped Alan add new tools to his portfolio.
Alan now uses technical indicators in his trading strategies. Before autotrading, he found it overwhelming to track multiple indicators for different tickers.
“It was problematic trying to get a trade in before the technicals changed. It was too much of a hassle for me because I didn’t have time to stare at a chart all day. I can also trade a wider variety of tickers now.”
Alan says time management is the most significant difference in his life now that he uses automation.
“It was just becoming too difficult to manage everything before the bots.”
He is excited to continue learning and using the bots to expand his trading.
“This has been a huge help for me, and I’m glad to be a part of it.”