This collective2 strategy Easiest was started to copy what I do in my HSA (Health Savings Account) and track the results publicly. You can see the C2 and Schwab screenshots below. I am fortunate now to have plenty of money I can spend on upcoming medical bills.
See the similarity with my HSA results from Schwab below.
There are some minor differences between the two partially due to laziness on my end of entering actual signals in my real account at Schwab, but the idea was the same. In a way, this strategy was always a Trades-Own-System strategy, but there was no way for Collective2 to verify that. Due to this, I have opened another Interactive Brokers Roth IRA to connect to Collective2 and set up my algorithms to automatically submit the orders to IBKR. However, I still have to manually these trades at Schwab since IBKR doesn’t have HSA accounts. Woe is me.
All that to say, soon you will see a TOS (Trades-Own-System) badge coming to Easiest. This also means that when I place a stop order at IB, you won’t see it as a subscriber until it gets triggered and will appear as a market order. The only downside I see is that you won’t see the stops. But you can always set your own stops as a secondary backup. I wouldn’t set them too close. Generally, I would keep them at about 10% for an unleveraged position and 30% for something with 3X leverage or similar. I know, I know. Those are huge, but if you want, you can use tighter stops. Price stops are not, in general, the main way I exit positions. My algorithms usually trigger before my stops are hit on any position. I know this may seem crazy, but think of it this way: If you and your neighbor bought homes at the same time for $500,000 each, but your neighbor a few months later suddenly sold for $250,000, would you want that to mean you automatically sell your house for $250,000? I wouldn’t! I always place stops, but my aim is to rarely, if ever, have them trigger.
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