Automated Trading vs. Buy Now / Sell Now
Composer offers two approaches to trading: systematic automated trading during a scheduled Trading Period and immediate trade execution through Buy Now and Sell Now features.
Automated Trading
With automated trading, all of your symphony trades are automatically executed during Composer's Trading Period. During automated trading, Symphony Swaps are used when you hold multiple symphonies in your Composer account. These automated internal exchanges between symphonies may potentially save on transaction fees, improve price execution, reduce wash sales, and minimize exposure to price fluctuations. However, it's important to note that market conditions can vary and past performance is not indicative of future results.
Immediate Trading: Buy Now and Sell Now
When you want to buy or sell a symphony, the Buy Now and Sell Now features give you control over when your trades execute. This immediate trading option allows you to buy or sell a symphony whenever you want while the market is open, outside of Composer's standard Trading Period. For crypto trading, this flexibility extends even further: you can buy or sell a symphony anytime outside the Trading Period, giving you round-the-clock trading capabilities. However, please be aware that crypto trading involves significant risk and is not suitable for all investors.
Buy Now and Sell Now do not use Symphony Swaps since they only trade one symphony at a time.
Who Can Buy Now or Sell Now?
Buy Now and Sell Now are available if you have a Stocks, Crypto, or Stocks + Crypto account held with one of our brokerage partners, Alpaca.
- For crypto trading, there are no account minimums required to use these features.
- For stock trading, you need to meet Pattern Day Trading (PDT) requirements, including having an account minimum of $25,000.Pattern Day Trading involves significant risks and is not suitable for all investors. Please review our FAQ for more information.
Buy Now and Sell Now are not yet available if you have a Stocks account with our other brokerage partner, Apex. Please contact us if you’d like to transfer your account from Apex to Alpaca to access these features.
At this time, Buy Now and Sell Now are also not available within Composer retirement accounts (Roth and Traditional IRAs).