Virtual Trading

Trade Without the Trauma! Click on any section title to read more.


Please note: this section, and all the pages under the “Trade” menu related to trading, are intended for participants in the beta testing of this new portion of Slope. You are welcome to read about it here, but the things being discussed won’t work for you unless you are part of the specially-entitled group. We look forward to releasing these pages to everyone soon.

Welcome to Slope’s virtual trading . This guide is eventually going to get repurposed into documentation for this feature, but for now, it is a beta testers’ page whose purpose is to give you suggestions on testing and introduce you to how the feature works.

Virtual Trading is in a very nascent stage. The back end is solid, but the front end is in very much an alpha state. Have no fear, though. The $100,000 in your account is totally fake, and no matter how much lose, no harm will befall you (at the same time, no matter how much you make, you’re not going to see a dime).

One other important fact to note is that for each portion of the Trading dialog box in SlopeCharts, there is a mirror web page available on the site. In other words, you do not necessarily need to be in SlopeCharts to use any of the trading functions. There are dedicated pages for each of those functions, and those “mirrored” pages will be noted in each section of this documentation.

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Brokerage Log-In

The first thing you’ll want to do is log in as a virtual trader (you should only have to do this one time). Click on this icon in the lower-left of SlopeCharts (or, alternately, use this web page to log in).

At this point, you will click the Log In button which should……….well………..log you in. You should probably check the “Log In When Accessing Slope” checkbox to ensure that it stays logged in.

Now you are ready to do virtual trading. Click the dollar sign icon in SlopeCharts:

This brings up a dialog box with a series of tab, each of which has a distinct purpose. You start off with a fake $100,000 in trading capital, which represents $200,000 in buying power for equities (cash only for options).

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Account Balances

You can see your present account overview under the Account tab (whose equivalent web page is here.)

There is a wealth of information here, such as your account equity, how much buying power you have (for either stocks or options), what your position balances are, and so on.

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Place Order

For creating and executing trades, there is the Trade tab. (The web page for placing a trade is here). The default trade type is just for equities, so it is quite simple:

But you can also enter complex options trades. The entry fields are all self-explanatory. You can click on the “Add Leg” button for each new option leg you’d like to enter. If you make a mistake, you can click the “X” next to any leg in order to delete it.

There is a button on the equity trading page labeled ETB List. ETB stands for Easy To Borrow and gives you access to a sorted, searchable list of all the equities which are available to sell short. If you click on ETB List, you will see a dialog box with this kind of content:

If you are looking for something in particular, you can type it in the Search field and see what equities are listed as being easy-to-borrow which match your search string.

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Current Positions

You can see your positions (which don’t exist yet, of course) in Positions (whose web page equivalent is here).

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Open Orders

For orders you place during the day, you can see both executed and not-yet-executed orders in the Orders tab. When you click on this tab, a single line will appear with a brief description of each order.

If you click on any specific line, the details of that order will be displayed beneath the line.

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Former Positions

The closed positions, and their respective gains or losses, are in Closed (here is the web page equivalent).

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Lastly, there is the Results page (web page equivalent is here). This page summarizes your entire trading history and has such information as maximum profit, maximum loss, average hold time, and overall profit/loss.

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Access Points

Besides using the Trade tab in SlopeCharts, there are a wide variety of other ways, both in SlopeCharts and around the Slope of Hope website, to initiate a trade based on the symbol you are observing. These methods include:

Right-clicking a symbol in a watch list……………

Choosing the Trade item from the Tools menu………..

Selecting the Place Order menu item from the Trade menu of the website……….

Clicking the Trade link from the Super Summary page………..

Clicking either the Bid or the Ask hyperlink for any particular option from the Option Chain page………..

Selecting the Create Trade button from the OptionDot dialog box after you have clicked a specific OptionDot………….

Or, the most sophisticated time-saver of all, choose the Trade button from the Options Payoff Analyzer page, which will submit all the legs of a particular strategy: