Have you heard about this? DitttoTrade.com is a trading brokerage that was started by a couple of the online trading brokerage pioneers to allow trading gurus or stock picking services to trade on behalf of their clients.
If you place that much trust in a trading service or guru you can open a brokerage account at Ditto Trade, sign up for a service or guru you like, pay their monthly fee, and set up your account to automatically mirror their trades.
Mirror — as in the trades are made for you. As in — you don’t have to do a single thing. Other than trust a guru completely.
Here’s a screenshot from their website:
(Click Image to Enlarge)
How it works is like this: Once you have opened your account at Ditto Trade and signed up for one of the many trading advisory services, you can configure your account to either take every trade your guru makes, take a predetermined amount of trades, allocate a specific amount of your equity per trade, and much more. Then, when your service makes a trade, Ditto Trade follows the criteria you set and makes a trade for you.
All without you having to lift a finger. Sound good? I don’t know, I’ll let you decide.
If you’re a trading Guru or Stock picking Service you might want to check it out as well.
Full Disclosure: I am NOT affiliated in any way with DittoTrade. I just think it’s kind of interesting.