Not at all! Our VERA alerts are sent via Telegram. Download Telegram here. There are versions available for Windows, iOS, Android, and others.
Yes! Our VERA User Manual can be downloaded here (version 1.3, dated August 31, 2021). It is not required reading in order to successfully trade the alerts. It is simply a guide to gain a better understanding of the system and includes suggestions for risk management.
Although entry points do not need to be exact, entering trades as close as possible to the entry line is recommended. If the price is within 10% of the entry line in either direction, an alert will trigger. For long positions, entering slightly above the entry line is preferred. Likewise, for short positions, entering slightly below the entry line is preferred. Oftentimes, the entry line represents either resistance or support. In turn, entering when the line has been crossed is recommended, but not required to earn profits. Throughout the process, keep the risk-reward ratio in mind while giving the trade sufficient room to grow.
Yes. In this situation, selling is recommended even if the trade is above the stop loss. If an investor would still like to hold, placing a hard stop order is recommended. After being stuck in a trade for two days or more, a shake out is probable. No matter if the stock bounces off the stop loss and continues to decline or falls in one fell swoop, investors are in a position of increased risk.
In this situation, allowing the current trade to play out while accepting the new trade through a different instrument is recommended. As a word of caution, entering into closely correlated positions or crowding a single position can lead to undesirable cost averaging and result in a plateau or loss.
We use the "2 days rule" for trade length as a guide, for risk mitigation and best "application of capital" more than anything else. Even though the trade triggered a few days ago, the trading range still applies and the trade is still valid, so it is best to use the "2 days rule" starting from when you first entered the trade, not from when the trade initially triggered.