Introduction

Welcome to Kaigo! We're excited to have you on board and help you take your trading game to the next level. This quick start guide is designed to walk you through the process of using Kaigo, from receiving trade signals to executing and managing trades. Our goal is to make trading as straightforward and enjoyable as possible while showing you the benefits of using our system. So, let's dive in!

Step 1: Wait for Admin-Approved Signals in Slack

As a new member, you'll have access to our private Slack channel. Stay tuned to the #admin-approved-signals channel, where our dedicated traders will feature specially curated algorithmic trade ideas, complete with an in-depth breakdown of the trade's technicals and its relevance in the wider market.

Step 2: Review the Trade Signal

When a signal is posted in the #admin-approved-signals channel, it comes with a link to an idea breakdown, which is a story-like format that provides an in-depth analysis of the trade's technicals and its relevance in the current market. The idea breakdown includes panels with charts and information on the trade signal and the broader market context. Review the idea breakdown to understand the trade before making a decision. Example: https://tome.app/kaigo/314-ebay-clfahk3ny0cxbcc41lp7aata3

Step 3: Decide on Your Course of Action

After reviewing the trade signal, it's time to make your next move. Based on your preferences and risk tolerance, you can choose from the following options:

1. Risk-free Options:

   Follow Trade: Observe the trade without committing any funds. The platform has a follow button to notify you about the exit.

   Paper Trade: Practice your trading skills using a simulation platform like TD Ameritrade. This option is built into the Kaigo platform with the calculator and Chrome extension.

2. Real Positions:

   Equity Position: Buy or sell the underlying stock at the prices specified in the signal. This is the easiest and most straightforward option.

   Debit Spread (options): Execute an options trade with defined risk for better control over potential losses. This option is cheaper and less volatile.

   Naked (options): Sell options without owning the underlying asset. This option carries higher risk and is suitable if you think the play will happen quickly.

Note: Debit spreads gain more value closer to expiration, with a maximum value of the spread to capitalize on, while naked options deteriorate over time as the extrinsic value decreases.

Step 4: Determine Position Size Using the Trade Calculator

Determine the ideal position size for your trade using Kaigo's trade calculator. Enter your account size and risk tolerance to define the maximum loss you're willing to accept. The calculator will then calculate the number of shares or option contracts needed to limit your loss to that amount. This step is crucial for trading with confidence and having a safety net in place. By specifying your risk, you'll know exactly how much you can win or lose depending on whether the trade reaches your target or stop loss first.

Step 5: Execute the trade (with Kaigo's chrome extension)

You're almost there! If you use TD Ameritrade or Robninhood, just hit "setup" on the calculator. Our handy Chrome extension will take care of the rest! It will automatically set up your trade with the correct quantity on your brokerage. Plus, if you're using an equity position, it will even set up an OCO order for your stop loss and target. But don't worry, our extension never submits orders for you—it simply sets up the trade so you can review and submit it manually. Remember, good trade ideas are important, but proper execution is just as critical. Now, you're ready to take the next step and place your trade with confidence!

Step 5: Monitor the Trade and Wait for Exit Notification

Now that you've set up the trade, it's time to sit back and wait for the target or stop to be hit. You'll receive a notification in your DMs as soon as this happens. If you're using equity, be sure to check your brokerage to make sure your orders have been executed. If you're using options, you'll need to manually exit the trade. It's important to stay on top of your trades and make sure they're executing according to plan.

Conclusion

And there you have it – a step-by-step guide to using Kaigo like a pro! As you become more familiar with our platform and tools, you'll see the benefits of our data-driven approach to trading. Remember, consistency and discipline are key to success in the markets, and we're here to support you every step of the way. Happy trading!