In addition, it's possible to attach a third-party analytics platform to your IBKR account. A full list of vendors can be searched at the Investors Marketplace. A day trading platform must be able to provide investors with analytic tools to execute their investment strategy, which often requires buying or selling when key indicators reach specific levels. Software can automate buying when indicators reach specific levels. Trading platforms let investors use simulations to "backtest" their strategies on past market data. Proper trade structuring allows for profitability even with few winners. If Peter makes $20 on his winners but loses $80 on this loss, he ends up with $0. If molly makes $50 on her win and loses $10 on her losses, she walks away with $10.
