To be able to trade you will need a Trading Broker Account. You can skip this step right now, but eventually you will need a Broker account to be able to implement your trades. If you are setting up a broker account for the first time you will need a little bit of time to get it done, so you may want to skip this at this point, just keep in mind that eventually you will come back here.
Your trading broker acts as an intermediary, connecting you to the stock market. Your brokerage account is where the shares you own are held until you are ready to sell. A majority of ComhlaTech‘s members prefer Questrade or Interactive Brokers for opening their accounts.
Let's get some terminology out of the way.
What is an ETF?
An Exchange-Traded Fund, or ETF for short, is an investment fund that lets you buy a group of individual stocks or government and corporate bonds in one purchase. ETFs are essentially like an investment basket filled with stocks or bonds.
There are 4 main “indexes” of stocks in the United States – the S&P, the Nasdaq, the DOW and the Russell. A trader cannot buy and sell the indexes as they are actually measurement tools. ETFs are used to reflect the price movements of the indexes, so that traders can buy and sell them in the open market.
At this time, the Prophetick™ Market Forecast focuses on 2 main indexes. The S&P and the Nasdaq.
The S&P 500, known as “the S&P”, is a stock market index that measures the stock performance of 500 large public companies in the United States.
The NASDAQ Composite is an index that is heavily weighted towards companies in the technology sector. The Nasdaq-100, includes 100 of the largest non-financial companies in the Nasdaq Composite.
The most commonly used ETF’s that track the performance of the S&P are: SPY, SSO and SPXL.
The most commonly used ETF’s that track the performance of the Nasdaq are: QQQ, QLD and TQQQ.
Let's get some terminology out of the way.
A Market Order is a type of order you place with your broker that lets you buy or sell at the best current price.
This short video explains what a Market Order is and the basic steps of placing a Market Order.
A limit order lets you buy or sell at a defined exact price set by you (or a better price if your broker can get it). This short video explains what a Limit Order is and the basic steps of placing a Limit Order.
Limit on Close orders mean that ComhlaTech members can place their trades when the market is closed, or at any time during the day. Whatever suits them.
A Limit on Close (LOC) order lets you buy or sell at a defined exact price set by you (or a better price if your broker can get it) at the moment the Market Closes.
It is an order type that can be setup at any time of day prior to when you want the order to execute or fill. That is, it can be setup from 4:01pm EST the day before up until 3:45pm EST on the day you want it to fill.
This short video explains what a Limit on close Order is and the basic steps of placing a Limit on close Order. It also explains the difference between a Limit on Close and Market on Close order, in case that's how you individual broker is setup.
These short videos explain how to place a limit on close order with Questrade. Interactive Brokers does not allow for LOC orders at this time', Interactive Brokers users' will need to use a market order at this time.
Sometimes the ‘math’ of a Limit on Close Order can feel a little confusing, so you can find an “LOC Calculator” in the tools section of the website. Simply fill in the Yellow boxes and it will help give you the guidelines that we use here at ComhlaTech when we place our own orders.
Many members of ComhlaTech are also members of the Facebook ComhlaTech community. This is a private group with only members in it. It can be a power house of useful information and there are lots of people there who are more than happy to help you if you need help, to celebrate your wins with you, and commiserate your losses too.
Past performance is not indicative of future results. ComhlaTech launched its membership website in September 2020. Results given from September 2020 forward are based on actual forecasts given to ComhlaTech members. Results prior to September 2020 are backtested data using the most current code as of December 2020 when this list was updated for the website. Due to market fluctuation, variations may exist between the numbers represented in historical trades and actual trades placed by ComhlaTech Limited or its members. The material contained on this page and on the website is intended for informational purposes only. Nothing in this document should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. ComhlaTech.com and ComhlaTech.Online are wholly-owned by ComhlaTech Limited. Our website, documents and emails are neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content of our website and/or newsletter is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained on our website or in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. We reserve the right to buy or sell shares of any company mentioned on our website or in our newsletter at any time.
ComhlaTech Prophetick Forecast Trading Strategy Performance History to August 2022. Information regarding further performance after August 2022 can be found at ComhlaTrade.com. All history is based on forecasts given by ComhlaTech to its members and are not hypothetical. Whether an individual member chose to place any particular trade, or not, was not within ComhlaTech's control. Trading futures and forex involves significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results.
Please note: The Prophetick Market Forecast™️ is for educational purposes only and is not a recommendation to trade. Choosing to make investments based on the Prophetick Market Forecast™️ is at the trader's own risk. Please see our Legal Disclaimer.
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