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S&P E-Mini Futures - Trading System - Updated 5/12/05 NetPicks DayTrader Service Each day you will log in to the NetPicks DayTrader Communicator software. Once the market opens, we will issue three key numbers for each market. The first is our: Position 1 & Risk This number is used to determine how many points we'll target for our Position 1 target (each trade has a Position 1 and 2 target) along with how much we'll risk per trade. These numbers are the same. In addition, this number is very important to setting up the first trade of the day as will be described below. Position 2 This number is simply what you use to determine how many points you'll use to set up your target on the Position 2 of the trade. Once that hits we would be flat. Reversal Number This is a very important number since throughout the day we'll be using this to guide us on when to change direction on a trade. Each day the three key numbers will be different; it can happen that they are the same on consecutive days, but it's not common. Once you are issued these numbers and have learned the method, you could actually go about your day and trade on your own. We’ll run a message archive throughout the day reviewing the trades and walking you through them, which will help when you’re learning. The SP Mini is $50 per point. You will need to figure on commissions and slippage, of course. Here are the results of the broadcasted trades from this period:
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Please
e-mail us at if you have any questions. These recommendations are for demonstration purposes only. You must do your own research and make your own investment decisions. Past performance is not necessarily indicative of future results. Before trading options you should understand the risks associated with these trades including the potential loss of the entire premium paid. No representation is made that any account is likely to achieve profits or losses as indicated in our interactive portfolio. NetPicks LLC and its owners are not liable for any losses, monetary or otherwise, that result from the content of this and any newsletter published by NetPicks LLC. Please realize the risk with any investment and consult investment professionals before proceeding. Please read our complete Disclaimer. |
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