Active Investor? Here's Why You Should Use Double

Are you an active investor who enjoys the thrill of identifying individual stocks with the potential to outperform the market? Do you spend time researching companies, analyzing financials, and staying on top of market trends? If so, you're likely always on the lookout for tools and platforms that can give you an edge. That is where Double can come in.

Double can help you as an active investor with powerful research tools, advanced tax aware rebalancing and tax loss harvesting, and all at an incredibly low cost of just $1/month.

Double: Supercharge Your Active Strategy

Double offers a suite of features tailored to the needs of active investors. Here's how we can help you achieve your investment goals:

• Powerful Screening Tools: Dive deep into the stock universe with our comprehensive screening tools. Filter stocks based on a wide range of criteria, including market capitalization, P/E ratio, industry sector, and more. Identify companies that meet your specific investment criteria and build a portfolio of high-conviction picks. What's more, you can invest in the results of your screen in just a few clicks, saving you time and effort. Your portfolio can be up and running quickly and easily.
• Tax-Loss Harvesting with Pairs: Minimize your tax burden with our automated tax-loss harvesting feature. Double not only monitors your portfolio for opportunities to harvest losses but also allows you to set up "pairs" of similar stocks, such as Coke and Pepsi. If one stock declines, Double can automatically sell it and replace it with its paired counterpart, allowing you to realize a loss for tax purposes while maintaining exposure to the same industry or sector.
• Dollar-Cost Averaging Made Easy: Manage risk and smooth out market volatility by dollar-cost averaging into and out of positions. Double allows you to gradually build or reduce your holdings in specific stocks over time. This feature can also help you easily transition between different investment styles, such as shifting from a "risk-on" to a "risk-off" stance by adjusting your allocations across different sectors or asset classes.
• Simple Monthly Cost: Take advantage of all of these powerful features for just $1 per month. That's right, just one dollar. You will likely end up saving on fees and commissions compared to your current brokerage.

What Double Isn’t Great For

We know that Double isn’t for everyone though, and certain types of active traders should most likely choose another brokerage account.

• Unsuitable for Day Traders: Day traders, who rely on capitalizing on short-term market fluctuations, will find Double's once-per-day execution severely limiting. The inability to react to intraday price movements and execute trades in real-time prevents them from effectively employing their strategies.
• Lack of Control for Orders Sensitive to Price and Timing: Users concerned about precise order execution, like those using limit orders or stop-loss orders, will find Double's approach too inflexible. Since orders are grouped and executed once daily, users cannot specify exact entry or exit prices, potentially leading to unfavorable fills or missed opportunities, especially in volatile markets.
• No Margin, Options, or Futures Contracts: Double does not support trading on margin or the use of derivatives like options and futures contracts at this time. This limitation excludes investors who rely on these instruments for leverage, hedging, or advanced trading strategies.

Safety: A Double Priority

As always, Double prioritizes the safety and security of your investments. We use Apex Clearing, a leading clearing firm, to custody your assets. You can rest assured that your funds are held securely. For more on our commitment to trust and security, check out our other blog post here: https://double.finance/blog/trust

Double is designed to empower active investors like you. We provide the tools you need to research, execute, and manage your portfolio effectively, all while keeping costs low. If you're ready to take your active investing to the next level, give Double a try.

PS: This was one of a series of posts from our Founders about investing archetypes and why they should choose Double. Checkout our related posts on why Bogleheads or Passive Investors should try out Double.