Before you get started
Below are bits of information that you need to know before using PeakBot.
Golden Rule: Diversify!
Diversification is the practice of trading many stocks, instead of only a few, so that your overall risk is limited. The more stocks you automate, the lower your risk. In other words, trade as many stocks as you can.
You can only budget a certain amount of dollars per stock (determined by tier).
If a stock’s price exceeds your budget limit, PeakBot will not trade that stock.
MarginMargin must be ENABLED within your brokerage account ($2,000 min.) Our bots are designed to work best with accounts over $2,500.
Pattern Day Trading
You are allowed no more than 3 day trades within 5 trading days..
Your brokerage will suspend you from trading for 90 days for breaking this rule.
If you activate a bot on a stock that you currently own, the bot will sell ALL shares of that stock, based on its algorithm, before entering a new position.
2 Bots 1 Stock
Do not run two different bots on one stock at one time.
The algorithms will interfere with each other and not function as intended.