Virtual Trading

A $100,000 virtual trading account awaits you. Click any section title to read more.

Overview

Welcome to Slope’s virtual trading . With this feature, you get a $100,000 trading account (not real dollars, of course) that you may trade any way you wish. There is simply no better way to learn the ins and outs of trading, all without risking a single penny.

The functions for virtual trading are simultaneously located in two places here on the site: one, within SlopeCharts, and two, in the Trade menu. The features and information in those places are identical, so you can use whatever is convenient for you at the time.

There is absolutely no extra charge for using virtual trading. Any paying membership includes access to this service, and it just takes one mouse click to activate your account.

Go to Next Section

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 tabs, each of which has a distinct purpose. You start off with a virtual $100,000 in trading capital, which represents $200,000 in buying power for equities (cash only for options).

Go to Next Section

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.

Go to Next Section

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.

You don’t need to refer to this list before putting a trade together, however. When you fill out the trade ticket, the system will automatically check to see if the stock is available to borrow and, thus, sell short.

Go to Next Section

Current Positions

You can see your positions in Positions (whose web page equivalent is here). Short positions are shown as negative quantities, and multi-leg positions have a “+” icon next to the symbol (which, if clicked, expands to show all the legs and changes the icon to “-” as shown below).

Go to Next Section

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. If it is possible to do so, you can also click the Modify or Cancel buttons to either change the order before it executes or cancel it altogether.

Go to Next Section

Former Positions

The closed positions, and their respective gains or losses, are in Closed (here is the web page equivalent). You can sort by any of the important columns, you can search based on any number or text, and you can restrict the date range whose results are displayed.

Go to Next Section

Results

For a summary as to how your virtual trading success is progressing, 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.

Go to Next Section

Strategies

The Strategies tab has links to every informational page about all the strategies, which will provide a handy reference to information on the strategy and a graphic example. More importantly, by clicking on the strategy name, you will create a trade ticket auto-populated with the components of that trade strategy using the current symbol you are charting (if you are doing this within the web page, and not SlopeCharts, it will ask you what ticker symbol you’d like to use). Just click on any general category (such as “Bearish Strategies”) and the specific possibilities for that group will be presented to you. Clicking on the strategy will send you straight over to the Trade tab, ready-to-execute.

Go to Next Section

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, choosing the Trade button from the Options Payoff Analyzer page, which will submit all the legs of a particular strategy: