FAQ
What does Day Trader Playbook offer?
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Day Trader Playbook is more than just a platform—it's an educational journey designed to empower futures traders. We sell PineScrips for day and swing trading strategies.
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What do I get as a Plan A subscriber?
As a Plan A subscriber, you get access to the day trading strategy PineScripts, which you can set up in your own TradingView account.
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What do I get as a Plan B subscriber?
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As a Plan B subscriber, in addition to day trading strategies PineScripts, you will also get access to swing trading strategies codes, which you can set up in your own TradingView account.
What do I get as a Plan C subscriber?
With our Plan C subscription, on top of the PineScripts for day and swing trading strategies, you will also receive access to the Python notebook, which analyzes lists of trades from the strategies and forms the portfolios of these strategies.
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Do you offer free trial?
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No, we do not offer free trials.
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Which strategy should I trade?
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When selecting a strategy from daytraderplaybook, it's paramount to meticulously review backtest results and closely analyze historical trades to discern patterns and efficacy. Additionally, gaining a comprehensive understanding of the strategy's underlying logic is crucial. Before committing real capital, we recommend monitoring the strategy in real-time and engaging in paper trading for several months. Once you observe consistent performance and develop confidence in its effectiveness on your paper account, then consider transitioning towards automating the strategy.
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Should I modify the code or adjust strategy inputs?
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The flexibility to tailor the strategies to your preferences is one of the benefits we offer through providing the Pine Scripts. Subscribers are at liberty to modify the code, adjust the parameters of each strategy, and optimize the systems to align with their preferred trading parameters. Our aim is to provide a robust foundation from which you can fine-tune your trading approach to better meet your individual objectives and risk tolerance.
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Will actual results be aligned with the backtests?
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Some of the strategies utilize exits on stop losses that do not wait for the bars to close. Hence, these strategies might have slightly different live results compared to the backtests. However, the differences are usually very minor. To see a more realistic view of the prior backtest, it is recommended to apply 5-6 ticks of slippage to the backtests.
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How do I automate your strategies?
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If you decide to trade any of the published strategies, you can automate them via TradersPost, a service which connects Trading View with the brokerages.
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How much capital do I need in my account to use the automated strategies?
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Although we cannot provide financial advice, the examples shown had starting capital of $100,000 on the Mini-NQ. However, you can start with as little as $10,000 if you trade the Micro-NQ or MNQ because the point value is 1/10th the size. These figures are calculated by taking the max drawdown numbers and starting with at least double the highest historical max drawdown. This gives a good likelihood you will not need to put more capital into the account to keep the strategy trading.
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Do you provide any stock trade recommendations to your subscribers?
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No, we do not.
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Do you provide personalized advice on investment decisions?
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No, we do not.
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Do you manage other people's money?
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No, we do not.
Disclaimer
There is a very high risk involved in trading and past results do not indicate future returns. Daytraderplaybook.com and all individuals affiliated with this site take no responsibilities for your trading results. The indicators and strategies shown are for educational purposes only and should not be interpreted as any investment advice. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.
NFA Required Disclaimer
Trading futures and options is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the futures and options market(s), you should carefully consider your investment objectives, level of experience and risk appetite. There is considerable exposure to risk in futures and options transactions. Any transaction involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a market. Moreover, the leveraged nature of futures and options trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and your position will be liquidated and you will be responsible for any resulting losses. Investors are recommended to lower exposure to risk by employing risk reducing strategies. Day Trader Playbook will not be held responsible for the reliability or accuracy of the information available on our website(s) or distributed information such as, but not limited to our trading strategies. We assume that you are legally permitted to use our products. Making sure that you are following the global and your local laws and legislations is your responsibility. We cannot be held responsible for any damages or lawsuits against you due to such regulations.
CFTC Rule 4.41 Disclaimers
Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. Any specific investment or trading service contained or referred to on our website(s) may not be suitable for all traders or investors. You should not rely on any of the information as a substitute for the exercise of your own skill and judgment. In instances where qualitative judgments are issued, the opinions expressed are that of the author, and may not necessarily reflect those of Day Trader Playbook., their respective subsidiaries, affiliates, officers or employees. You are urged to draw your own conclusions from the data and analysis presented here and elsewhere. We recommend our potential customers to visit the Commodity Futures Trading Commission ("CFTC") website at the following address before trading: cftc.gov/cftc/cftcbeforetrade Regarding Testimonials: 1) Testimonials may not be representative of the experience of others. 2) Testimonials are not necessarily indicative of future performance or success. 3) No compensation is ever paid in exchange for any testimonials.
Refund Policy
Due to the nature of the service provided by Day Trader Playbook, we can not offer a full or partial refund. If you purchased one of the available Plans, refunds cannot be issued. All sales are final, and we do not offer any money-back guarantees. You recognize and agree that you shall not be entitled to a refund under any circumstances.