Frequently Asked Questions
About Cool Trade

  • What is Cool Trade?
  • CoolTrade™ is an automated stock trading platform and money manager that's designed to execute your trading strategy while you're away from your computer. You can also use time-tested trading strategies within the platform or create your own from scratch.
  • How much can I earn with this software?
  • It depends on your strategy. Many users have reported a 2-10% monthly gain on average and there are many strategies to choose from.
  • Do I need to have stock trading experience?
  • You don't need to know ANYTHING about the stock market to use this software. There are many strategies to choose from and you can run the simulator in real time for as long as you like before ever going "live".
  • Do I have to do anything on a daily or weekly basis as a subscriber?
  • That choice is entirely up to you. This truly is a "set-and-forget" system. Set it up and walk away, it will turn itself on and trade stocks based on the strategy that you set. You can live your life and check in on the trader whenever you like.
  • Can I lose money with this system?
  • Cool Trade is a tool that will execute the rules you set it to make and there is always risk involved in the market, so yes you can lose money. For example: the software does not know if a company is going bankrupt and if you're trading stock with that company you may very well lose those funds.
  • Can you promise me 'X'% amount of gains?
  • No. Some strategies have been running for years and many clients report 2-10% monthly gains on average, but past performance is no guarantee of future results.
  • How much money do I need to start trading with?
  • It depends on the broker you're using. Some require a minimum of $300 to begin trading.
  • Is this software new?
  • Not at all. Ed Barsano, the ex-Microsoft engineer, first began the creation of Cool Trade back in 2000 and it was first introduced to the public in 2005. Many, many powerful updates have been added to the software over the years and are still being made today.
  • Do I need to make my own strategy?
  • You are more than welcome to create and use your own strategy. The trader also comes pre-equipped with several strategies you can run on simulator mode to get a feel for how they work.
  • Once I select a strategy what do I have to do?
  • You can do whatever you want to do. With Cool Trade you don’t have to be chained to a screen watching charts, stock prices or other data. When all set up, Cool Trade will activate itself during market hours and execute whichever strategy you have it set to no matter where you are or what you're doing.
  • Will the software run on a tablet or iPad?
  • No. Only Windows operating system or a MAC with "parallels" application.
  • Do I need to have a brokerage account right away?
  • No. You do not need a broker to run the simulator and execute simulated trades in real time. If you want to simulate with a broker data feed or go "live" with your trader then you will need to connect the software with a broker.
  • Which broker should I use?
  • There are several recommended brokers on the Cool Trade website that are best to integrate the platform. Some of them are TD Ameritrade, E-Trade, Trade King, MB Trading and Auto Shares. These may change at any time.
  • Are there any more videos I can watch?
  • Does the system trade currency, futures, commodities or penny stocks?
  • Currently the system only trades Forex (currency) and equities.
  • Is there a free trial offer?
  • Due to the external costs of data feeds and other services from outside vendors, CoolTrade™ cannot and does not offer free trials
  • Does the computer have to be on for the software to work?
  • Yes, the Cool Trade platform will not work if the computer is off. Many users have a dedicated computer just to run the Cool Trade software.
  • What kind of computer should I use?
  • Cool Trade will only run on Windows 2000, Vista, XP, 7, 8, or 10 operating system. You can use a MAC but will need the "parallels" application. Other suggestions are 8GB RAM or more and i7 processor or better. If using a dedicated computer you should set the computer to New York EST (Eastern Standard Time).
  • How much does it cost?
  • Is it easy to set up?
  • Once you make your purchase you'll get access to instructional step-by-step videos on exactly how to set up your trader. If you need extra help you can email customer support anytime.
  • Are there updates that come with my subscription?
  • Yes, there are free updates for the life of your subscription and new versions of the software will become available when they are ready.
  • Is there any kind of training available?
  • Yes, absolutely. There are tons of training videos you can watch and currently there are LIVE webinars each month with the CEO himself to ask him questions directly about the software.
  • How often can I change or modify my stategy?
  • You can change your strategy whenever you want.
  • Can I access my trader remotely from another computer?
  • Yes you absolutely can. I personally use TeamViewer and there are many applications like this which allow you to access your computer from anywhere in the world through another computer or with your smartphone.
  • What is the difference between a cash account and margin account?
  • A cash account is the amount of money you put in that you can use to trade. A profit margin of, for example, 2:1 which is very standard, allows you to trade stocks with double the amount you deposited. $25,000 cash with 2:1 margin equals $50,000 you can now use to trade stocks with. Cool Trade will handle up to a margin of 6:1 with your broker.
  • After meeting a profit goal can I close all positions even if they are losers?
  • Yes you can, these are called Exit Rules. You can set up the software to close all positions if a certain condition happens or if you've met your profit goal for the day. These can ALL be automated by your settings.
  • What happens if too many people are using the software, will it stop working?
  • What's amazing is about 70% of the stock market is ALREADY managed by robots. There are thousands of publicly traded companies on the market and 100s of different strategies available on the software. Not everyone will trade with the same dollar amounts at the same time, so the market will keep doing what it's doing regardless of how many users there are.
  • What if my electricity goes out?
  • The software will not run if your computer is off. You can purchase an external battery back-up system in case your electricity does go out OR you can host the software on the "cloud". There are many cloud services you can find online.
  • What if my Internet goes out?
  • The software will not run without Internet. There are VPN (virtual private network) services you can find online to run Cool Trade on the cloud.
  • How long can I simulate before going live?
  • For as long as you like for the life of your subscription.
  • What is the maximum I can trade with?
  • The maximum is $2M and up to 200 symbols simultaneously.
  • What is the SEC $25,000 trading minimum I've heard about?
  • The SEC states than any trading accounts with less than $25k are limited to three rounds trip (trades) per week. If you start with less than $25k these rules will apply, however if you have over $25k then you are not limited to the amount of trades you can make. The Cool Trade system monitors and protects all traders from this rule.
  • My stock broker said this is a scam and wont work, is that true?
  • The Cool Trade platform can very well be a threat to your stock broker or financial planner's career. This system can replace their advice of stock picking and diversification strategies because you wont have to pay them anymore.
  • I'm a stock trading pro and don't need this, why should I use it?
  • Great, if you love what you're doing then keep on doing it. But, wouldn't you rather drastically free up your time and live the good life while the trader executes your best strategies day in and day out without you being in front of a screen for hours on end? That's what the Cool Trade system was designed for.
  • Can I trade in stealth mode?
  • Yes you can trade in 100% stealth mode. All trades can be hidden from all level 2 and 3 traders.
  • Is this "high frequency trading"?
  • No, this is not high frequency trading. The software has been reviewed and approved by the SEC and does not manipulate the stock market in any way.
  • Will it trade ETFs, FAZ or FAS?
  • Yes, yes, and yes. The platform will trade over 98% of all listed equities
  • I have several stocks I prefer, is there a way to find out if this system will trade those stocks?
  • How many broker accounts will it trade at a time?
  • One broker at a time.
  • Can I switch brokers at anytime?
  • Yes, and as many times as you want.
  • Can I simulate and run live at the same time?
  • No, but you can switch back and forth anytime.
  • Can I switch strategies anytime?
  • Yes you can modify or switch strategies anytime and many times as you want. You can even run two strategies, one "Long" and one "Short", simultaneously.
  • I'm completely new at this, how do I know which strategy to pick?
  • Once you're a member you'll see several options for default strategies that have worked well for other members. Pick one and run the simulator for as long as you like to see how it works.
  • Can I connect to a broker that's not listed on the site?
  • Yes it is a possibility, contact your broker to see if they will integrate with Cool Trade.
  • How much does each broker charge per trade?
  • Check with your broker to see their fees.
  • Won't my taxes be higher after profitably trading?
  • Sorry, you now have an "income " problem. Shift your view and look at this way: you're paying more in taxes because you are now earning a lot more money!
  • What does Jim Cramer of Mad Money have to do with Cool Trade?
  • The creator of Cool Trade also automated Jim Cramer's action alert data plus system, which is completely optional for subscribers.
  • Is this manipulating the stock market for profit?
  • Not at all. Think of it this way: what has the stock market done for decades without fail? It has gone UP AND DOWN. Instead of worrying about fluctuations you can now just take profits from the market over and over again.
  • Does this completely replace a human stock broker, financial planner or investment advisor?
  • Having your own professional after becoming a subscriber is entirely up to you.
  • Can I invest with an IRA?
  • It depends, contact a company that helps with 'Self-Directed IRAs' and they will guide you through the first steps to take.
  • Can I invest with a 401k?
  • It depends on your employer and how your administrator handles 401k's. You can check with them to see if you can do a rollover. Once again, a company that helps with 'Self-Directed IRAs and retirement accounts' can walk you through the steps.
  • Is there a money back guarantee?
  • Cool Trade does not offer a money back guarantee. Once you purchase and download the software you own it for the life of your license subscription.
  • Does the software ever "freeze" and not work?
  • I and the subscribers I know have never had any instances where the system freezes on the operating system.
  • Can I install it on multiple computers?
  • Yes, you can install on it on as many operating systems as you like.
  • Will my info be saved if I log in through a different computer?
  • Yes, all of your settings, strategies, and info will be saved from where it left off because of the data feeds that are constantly updating information.
  • Is Cool Trade partnered with the brokers?
  • No, not in a financial way. Cool Trade has automated their data feeds and integrates into platforms digitally.
  • Is this legal? I saw online where the founder Ed Barsano had to pay a fine?
  • Yes it is legal. There was a past issue where many of the strategies were being sold between users and the SEC stated that needed to be changed. After Ed Barsano changed the policy for all strategies to be free, the SEC approved of the system.
  • Who owns Cool Trade?
  • Ed Barsano, the ex-Microsoft engineer, is the creator and founder of Cool Trade.
  • How do I purchase this when I'm ready?
  • How can I access the system after I make my purchase?
  • You will receive a welcome email with login info and a download link to install directly onto your computer. The download page will also show step-by-step tutorial videos on how to get started.
  • Are there reports I can see to show my results?
  • Yes, you can download reports of the past day, week, month, year or any specific time period you choose and save them onto your computer.
  • Do the reports show my broker fees or taxes?
  • No, the reports do not reflect any fees. Your broker fees will depend on which broker you use and taxes will depend your personal tax rate.
  • How can I pay for the software?
  • You can use your Visa, MasterCard or American Express card on the Software License signup page.
  • How many other people own this software?
  • Over 22,000 have already purchased the Cool Trade platform since the launch to the open public in 2013.
  • Can I build my own strategy from scratch?
  • Yes you can, this is exactly what Cool Trade was designed for. You can create a strategy and get real feedback on it by testing it in simulator mode.
  • Do I need to have programming experience?
  • No you do not. Cool Trade was designed to point, click and execute your strategy.
  • Will I get tax forms?
  • Your broker will be the one sending you tax forms based on your account, not Cool Trade.
  • Is this day trading?
  • No. Day trading is buying and selling securities on the same day. With Cool Trade, stocks may be bought and sold within seconds or several weeks. However, whether you're a novice or expert, the platform can easily be set up to day trade.
  • Can I do backtesting?
  • No, but you can run the simulator in REAL time where you see results from the past day, week or whichever time period you run the simulator.
  • I need more proof that this works, can you show me your personal account?
  • Yes, I'd be more than happy to show you my personal results from running different strategies, in fact if you're subscribed to my newsletter you should have received my reports by now. I understand how you feel and was the same way. The returns this platform produces can actually frighten some people, but there's nothing like running the simulator yourself and seeing your own personal results.
  • What do "Long" trades and "Short" trades mean?
  • Long simply means you're purchasing stock when you predict the price will rise in value. Short means you're predicting the price will fall in value. You can make profits whether stock market prices go up OR down. Cool Trade allows you to do this 100% on autopilot!
  • What does "stealth mode" mean?
  • Cool Trade allows you to hide ALL of your trades from level 2 and 3 traders (professional traders) and also from high frequency traders.
  • I currently have my funds with 'XYZ' broker, how easy is it to switch brokers?
  • It's very easy, simply contact the broker you wish to transfer funds to and they'll help you every step of the way.
  • Can you recommend a strategy?
  • No, I do NOT make or sell strategy recommendations. There are many time-tested, proven strategies to choose from. I can show you different strategies that have done well but it is entirely your decision if you wish to use them or not. Past performance is never a guarantee of future results.
  • Can you recommend a broker?
  • No, you are entirely free to choose which broker to use.
  • How many strategies are there to choose from?
  • There are literally thousands of strategies to choose from members of the platform and you can download any of them at NO COST to you. Many of those strategies will show great returns that client is gaining in their Cool Trade platform.
  • I live outside the United States, can I still use this software?
  • Yes you can! Any country that is not listed as a "terrorist country" can open a brokerage account.
  • Is this like a mutual fund or pool of money?
  • No. You are never sharing your funds with anyone besides your own personal brokerage account.
  • Can an investment club purchase this platform?
  • Yes, any individual or entity can own the platform.
  • Can I later transfer ownership to my company, family or friend?
  • Yes, transfers are free of charge and can be initiated through the support team.
  • Can I adjust the platform to use only a portion of my money?
  • Yes, you can easily limit the amount your account trades regardless of the amount in your brokerage account.
  • If I want to trade another broker account, do I need another subscription?
  • Yes, the Cool Trade platform will only trade one broker account at a time, but you can switch between them at anytime as many times as you like.
  • What stocks will the software trade?
  • The software will only work on stocks and ETFs traded on the NYSE, NASDAQ and AMEX (over 8,000 symbols) and for FOREX.
  • Can I run two subscriptions on the same computer?
  • Yes you can, however, it is not recommended. It will bog down the computer and make it difficult to see both traders. It's not fun to always click on the trader to see how you're doing, it's much easier to glance at two screens.
  • Can I meet you in person before buying?
  • Absolutely! If you're in the Los Angeles area or wherever I may be traveling to we can definitely meet in person.
  • How do I contact you directly?
  • You can email me anytime at Passive Income Investing [at] Gmail dot com.
  • How many subscriptions am I able to purchase?
  • As many as you want. Many clients use multiple subscriptions to test different strategies while running "live" accounts on others. Having more than one account allows you to test different strategies simultaneously and easily compare results.
  • Do you have any other recommendations?
  • If you use a dedicated computer, versus hosting the software on the cloud, plug the Internet line directly into the computer and don't use WiFi. Delete as many unnecessary programs off that computer as possible, especially any antivirus software. Download TeamViewer on your computer and smart phone so you can view and make changes to your trader from almost anywhere, anytime.

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Copyright 2016 - Passive Income Investing - All Rights Reserved
DISCLAIMER: The information presented here is only for demonstration and illustration purposes. It is neither a solicitation nor offer of advice. CoolTrade, Inc. (“CoolTrade”) and the creator of PassiveIncomeInvesting.com do not make recommendations to buy, sell, or hold securities, or to use any particular trading strategies. Unique experiences and past performance do not guarantee future results. Expressed opinions herein are just that, opinions of the writer. All opinions and/or suggestions given relate to using CoolTrade in simulation mode only. Any advice or suggestions given regard the uses of CoolTrade in simulation are given solely to teach the use of the platform. No advice on live trading is intended. Any reports shown are examples of closed trades and do not reflect the running P/L of open positions. Subscribers must refer to the CoolTrade trader dashboard to see the net P/L of all open positions. All price points are mathematically driven and should not be the sole basis of a trade. There are risks associated with utilizing an Internet-based computerized mechanical trading system including, but not limited to, the failure of hardware, software and Internet connection. In addition, CoolTrade is not responsible for communication failures, distortions or delays of data. Before you trade in a live brokerage account please consult your own licensed financial adviser to ensure that CoolTrade and/or the strategies that you use are suitable for you.