Is Sell in May and Go Away the Thing to do this Year? | Schwab Live Trading Update
We’ve all heard the old adage “Sell in May and Stay Away”, but what exactly does this mean? In this month’s newsletter, Mike does a dive into the history of this phrase and what specifically impacts the markets heading into the quiet summer season. He also discusses why 2024 is starkly different than prior years with this market phenomenon. And finally, Mike talks about the impact $NVDA has on the market as a whole and what the future may entail and how traders can capitalize on the recent AI craze.
Read More: Is Sell in May and Go Away the Thing to do this Year?
Schwab Live Trading Update
After several months of beta testing, we are excited to announce that Schwab Account holders (recently transitioned from TD Ameritrade) will be able to place live trades via the DAS Trader platform starting on June 10th. For new subscribers of our service, it is still the same two-step process of first subscribing to a data package, then going through the Account Authorization process to connect to your live account. The only difference is that Schwab requires traders to renew their account authorization every 7 days as opposed to TD’s authorization which lasted 90 days.
Please note that current and active subscribers of our TD subscription need only to re-do the step 2 process to authorize the Schwab account number they wish to Authorize. Once done, it will automatically delete the old TD account number and replace with the Schwab account selected to be used through the Schwab API.
Our Featured Customer
We are looking for current users of the DAS Trader platform to take part as a co-host of the DAS Trader Newsroom as a featured customer of DAS. You’ll have the chance to host alongside Mike DiGioia and discuss topics such as the markets and economy, as well as why you love the DAS Trader platform. If you are interested in being conidered as a featured customer, please fill out the featured customer form here.
DAS Trader Software Release
During the month of April, we didn’t release any beta or production versions of the platform. However, if you have not upgraded to the latest Production version 5.7.9.3, we highly recommend you do so. This production version includes both a 32-bit and 64-bit version of the software. There are several bug fixes and improvements, so be sure to review our release notes and download the production version, or use the Auto Upgrade feature under Tools > Auto Upgrade.
Weekly Webinars
Did you know that we hold weekly F.A.Q webinars? Be sure to join us every Wednesday at 4PM ET (market holidays excluded) to receive direct answers from our in-house trainers on all things DAS! Click RSVP for the next webinar.
Watch Our Streams on YouTube
Check out the DAS Trader Tips: FAQ Video and view our most recent DAS Trader Newsroom here. Be sure to subscribe to our YouTube channel for educational and trading related videos, as well as all things DAS. Finally, don’t forget to follow us on all major social media platforms by following @dastrader.
